Stephiou Infi: 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.
Stephiou Infi
Largest movements
- Receivables after one year +€50,000
up €50,000 (+98.0%), from €51,000 to €101,000
- Cash +€37,317
up €37,317 (+475%), from €7,861 to €45,178
mainly Net result for the year (+€68,310) and Deferred charges and accrued income (+€15,832)
- Deferred charges and accrued income -€15,832
down €15,832 (-97.0%), from €16,315 to €483
- Reserves +€68,310
up €68,310 (+63.0%), from €108,426 to €176,736
- Gross operating margin +€9,375
up €9,375 (+12.0%), from €77,892 to €87,267
- Taxes +€1,959
up €1,959 (+12.1%), from €16,229 to €18,188
- Financial income +€1,459
up €1,459 (+101%), from €1,444 to €2,903
- Financial charges -€947
down €947 (-89.9%), from €1,053 to €107
- Depreciation +€931
up €931 (+79.4%), from €1,173 to €2,103
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,645 | €201,012 | +€70,368 | +53.9% |
| Fixed assets | 21/28 | €3,799 | €3,592 | -€207 | -5.5% |
| Tangible fixed assets | 22/27 | €3,799 | €3,592 | -€207 | -5.5% |
| Plant, machinery and equipment | 23 | €3,799 | €2,010 | -€1,788 | -47.1% |
| Other tangible fixed assets | 26 | - | €1,581 | +€1,581 | |
| Current assets | 29/58 | €126,846 | €197,421 | +€70,575 | +55.6% |
| Amounts receivable after more than one year | 29 | €51,000 | €101,000 | +€50,000 | +98.0% |
| Other amounts receivable | 291 | €51,000 | €101,000 | +€50,000 | +98.0% |
| Amounts receivable within one year | 40/41 | €51,670 | €50,760 | -€910 | -1.8% |
| Trade receivables | 40 | - | €19,469 | +€19,469 | |
| Other amounts receivable | 41 | €51,670 | €31,291 | -€20,379 | -39.4% |
| Cash at bank and in hand | 54/58 | €7,861 | €45,178 | +€37,317 | +475% |
| Deferred charges and accrued income | 490/1 | €16,315 | €483 | -€15,832 | -97.0% |
| Total equity and liabilities | 10/49 | €130,645 | €201,012 | +€70,368 | +53.9% |
| Equity | 10/15 | €112,426 | €180,736 | +€68,310 | +60.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,000 | - | -€4,000 | |
| Other | 1109/19 | €4,000 | - | -€4,000 | |
| Reserves | 13 | €108,426 | €176,736 | +€68,310 | +63.0% |
| Distributable reserves | 133 | €108,426 | €176,736 | +€68,310 | +63.0% |
| Amounts payable | 17/49 | €18,219 | €20,276 | +€2,057 | +11.3% |
| Amounts payable within one year | 42/48 | €18,219 | €20,276 | +€2,057 | +11.3% |
| Trade debts | 44 | €995 | €1,560 | +€565 | +56.9% |
| Suppliers | 440/4 | €995 | €1,560 | +€565 | +56.9% |
| Taxes, remuneration and social security | 45 | €17,225 | €18,716 | +€1,492 | +8.7% |
| Taxes | 450/3 | €17,225 | €18,716 | +€1,492 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,173 | €2,103 | +€931 | +79.4% |
| Other operating charges | 640/8 | €657 | €1,462 | +€805 | +123% |
| Gross operating margin | 9900 | €77,892 | €87,267 | +€9,375 | +12.0% |
| Operating profit (loss) | 9901 | €76,063 | €83,702 | +€7,640 | +10.0% |
| Financial income | 75/76B | €1,444 | €2,903 | +€1,459 | +101% |
| Recurring financial income | 75 | €1,444 | €2,903 | +€1,459 | +101% |
| Financial charges | 65/66B | €1,053 | €107 | -€947 | -89.9% |
| Recurring financial charges | 65 | €1,053 | €107 | -€947 | -89.9% |
| Profit (loss) for the period before taxes | 9903 | €76,454 | €86,499 | +€10,045 | +13.1% |
| Income taxes | 67/77 | €16,229 | €18,188 | +€1,959 | +12.1% |
| Profit (loss) for the period | 9904 | €60,225 | €68,310 | +€8,086 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,225 | €68,310 | +€8,086 | +13.4% |
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 29 October 2026 via checked.be.