STEPHILMA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
STEPHILMA
NACE 56.301, Cafés and bars
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€195,406
2024 · €157,344+€38,062
Equity
€1.1m
2024 · €907,878+€195,406
Cash
€676,503
2024 · €547,338+€129,165
Balance sheet total
€1.2m
2024 · €1.1m+€182,555
Largest movements
Assets
- Cash +€129,165
up €129,165 (+23.6%), from €547,338 to €676,503
mainly Net result for the year (+€195,406) and Depreciation (+€68,372)
- Current investments +€75,000
up €75,000 (+23.1%), from €325,000 to €400,000
- Intangible fixed assets -€17,840
no longer reported in 2025 (was €17,840)
Equity and liabilities
- Reserves +€195,300
up €195,300 (+24.7%), from €791,260 to €986,560
Income statement
- Gross operating margin +€95,212
up €95,212 (+9.5%), from €1.0m to €1.1m
- Staff costs +€46,171
up €46,171 (+6.8%), from €681,872 to €728,043
- Taxes +€14,378
up €14,378 (+18.3%), from €78,684 to €93,062
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€157,344
Gross operating margin
+€95,212
Staff costs
-€46,171
Depreciation
+€695
Other operating charges
+€2,394
Other operating items
+€3,216
Financial income
-€4,055
Financial charges
+€1,149
Taxes
-€14,378
Result 2025
€195,406
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€263,028
Investment
-€125,839
Financing
-€8,024
Cash 2024
€547,338
From operations (derived)
+€263,028
Net result for the year
+€195,406
Depreciation
+€68,372
Stocks and contracts
-€4,119
Receivables within one year
+€4,291
Deferred charges and accrued income
+€3,905
Trade debts
-€7,134
Tax, wage and social debts
+€335
Other debts
+€1,972
Investment (derived)
-€125,839
Investment in fixed assets (net)
-€50,839
Current investments
-€75,000
Financing
-€8,024
Debts after one year
-€8,155
Current portion of long-term debt
+€131
Cash 2025
€676,503
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,066,355 | €1,248,910 | +€182,555 | +17.1% |
| Fixed assets | 21/28 | €133,547 | €116,014 | -€17,533 | -13.1% |
| Intangible fixed assets | 21 | €17,840 | - | -€17,840 | |
| Tangible fixed assets | 22/27 | €113,348 | €114,151 | +€803 | +0.7% |
| Plant, machinery and equipment | 23 | €77,751 | €94,022 | +€16,271 | +20.9% |
| Furniture and vehicles | 24 | €35,597 | €20,129 | -€15,468 | -43.5% |
| Financial fixed assets | 28 | €2,359 | €1,863 | -€496 | -21.0% |
| Current assets | 29/58 | €932,808 | €1,132,896 | +€200,088 | +21.5% |
| Stocks and contracts in progress | 3 | €18,033 | €22,152 | +€4,119 | +22.8% |
| Stocks | 30/36 | €18,033 | €22,152 | +€4,119 | +22.8% |
| Amounts receivable within one year | 40/41 | €38,215 | €33,924 | -€4,291 | -11.2% |
| Other amounts receivable | 41 | €38,215 | €33,924 | -€4,291 | -11.2% |
| Current investments | 50/53 | €325,000 | €400,000 | +€75,000 | +23.1% |
| Cash at bank and in hand | 54/58 | €547,338 | €676,503 | +€129,165 | +23.6% |
| Deferred charges and accrued income | 490/1 | €4,222 | €317 | -€3,905 | -92.5% |
| Total equity and liabilities | 10/49 | €1,066,355 | €1,248,910 | +€182,555 | +17.1% |
| Equity | 10/15 | €907,878 | €1,103,284 | +€195,406 | +21.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €791,260 | €986,560 | +€195,300 | +24.7% |
| Distributable reserves | 133 | €791,260 | €986,560 | +€195,300 | +24.7% |
| Profit (loss) carried forward | 14 | €110,418 | €110,524 | +€106 | +0.1% |
| Amounts payable | 17/49 | €158,477 | €145,626 | -€12,851 | -8.1% |
| Amounts payable after more than one year | 17 | €13,665 | €5,510 | -€8,155 | -59.7% |
| Financial debts | 170/4 | €13,665 | €5,510 | -€8,155 | -59.7% |
| Amounts payable within one year | 42/48 | €144,812 | €140,116 | -€4,696 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €8,024 | €8,155 | +€131 | +1.6% |
| Trade debts | 44 | €31,439 | €24,305 | -€7,134 | -22.7% |
| Suppliers | 440/4 | €31,439 | €24,305 | -€7,134 | -22.7% |
| Taxes, remuneration and social security | 45 | €103,500 | €103,835 | +€335 | +0.3% |
| Taxes | 450/3 | €18,893 | €18,865 | -€28 | -0.1% |
| Remuneration and social security | 454/9 | €84,607 | €84,970 | +€363 | +0.4% |
| Other amounts payable | 47/48 | €1,849 | €3,821 | +€1,972 | +106.7% |
| Non-recurring operating income | 76A | €1,624 | €3,774 | +€2,150 | +132.4% |
| Remuneration, social security and pensions | 62 | €681,872 | €728,043 | +€46,171 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,067 | €68,372 | -€695 | -1.0% |
| Other operating charges | 640/8 | €7,287 | €4,893 | -€2,394 | -32.9% |
| Non-recurring operating charges | 66A | €11,941 | €8,725 | -€3,216 | -26.9% |
| Gross operating margin | 9900 | €1,006,073 | €1,101,285 | +€95,212 | +9.5% |
| Operating profit (loss) | 9901 | €235,906 | €291,252 | +€55,346 | +23.5% |
| Financial income | 75/76B | €10,242 | €6,187 | -€4,055 | -39.6% |
| Recurring financial income | 75 | €10,242 | €6,187 | -€4,055 | -39.6% |
| Financial charges | 65/66B | €10,120 | €8,971 | -€1,149 | -11.4% |
| Recurring financial charges | 65 | €10,120 | €8,971 | -€1,149 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €236,028 | €288,468 | +€52,440 | +22.2% |
| Income taxes | 67/77 | €78,684 | €93,062 | +€14,378 | +18.3% |
| Profit (loss) for the period | 9904 | €157,344 | €195,406 | +€38,062 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €157,344 | €195,406 | +€38,062 | +24.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.