STEPHNA HOLDING: 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.
STEPHNA HOLDING
Largest movements
- Receivables within one year +€39,621
up €39,621 (+2.9%), from €1.3m to €1.4m
of which Other amounts receivable: +€39,621
- Profit (loss) carried forward +€33,131
up €33,131 (+2.5%), from €1.3m to €1.4m
- Financial income -€38,739
down €38,739 (-49.8%), from €77,862 to €39,123
- Other operating charges -€927
down €927 (-45.3%), from €2,046 to €1,118
- Gross operating margin -€323
down €323 (-8.7%), from -€3,712 to -€4,035
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 | €1,356,686 | €1,391,083 | +€34,397 | +2.5% |
| Fixed assets | 21/28 | €569 | €38 | -€531 | -93.4% |
| Tangible fixed assets | 22/27 | €569 | €38 | -€531 | -93.4% |
| Plant, machinery and equipment | 23 | €569 | €38 | -€531 | -93.4% |
| Current assets | 29/58 | €1,356,117 | €1,391,045 | +€34,928 | +2.6% |
| Amounts receivable within one year | 40/41 | €1,349,737 | €1,389,358 | +€39,621 | +2.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,349,737 | €1,389,358 | +€39,621 | +2.9% |
| Cash at bank and in hand | 54/58 | €6,380 | €1,687 | -€4,693 | -73.6% |
| Total equity and liabilities | 10/49 | €1,356,686 | €1,391,083 | +€34,397 | +2.5% |
| Equity | 10/15 | €1,356,686 | €1,389,817 | +€33,131 | +2.4% |
| Contributions | 10/11 | €20,072 | €20,072 | = | 0.0% |
| Reserves | 13 | €2,008 | €2,008 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,008 | €2,008 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,008 | €2,008 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,334,606 | €1,367,737 | +€33,131 | +2.5% |
| Amounts payable | 17/49 | €0 | €1,266 | +€1,266 | |
| Amounts payable within one year | 42/48 | €0 | €1,266 | +€1,266 | |
| Trade debts | 44 | €0 | €1,266 | +€1,266 | |
| Suppliers | 440/4 | €0 | €1,266 | +€1,266 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €549 | €531 | -€18 | -3.3% |
| Other operating charges | 640/8 | €2,046 | €1,118 | -€927 | -45.3% |
| Gross operating margin | 9900 | -€3,712 | -€4,035 | -€323 | -8.7% |
| Operating profit (loss) | 9901 | -€6,307 | -€5,685 | +€623 | +9.9% |
| Financial income | 75/76B | €77,862 | €39,123 | -€38,739 | -49.8% |
| Recurring financial income | 75 | €77,862 | €39,123 | -€38,739 | -49.8% |
| Financial charges | 65/66B | €292 | €308 | +€16 | +5.6% |
| Recurring financial charges | 65 | €292 | €308 | +€16 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €71,263 | €33,131 | -€38,132 | -53.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €71,263 | €33,131 | -€38,132 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,263 | €33,131 | -€38,132 | -53.5% |
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 21 October 2026 via checked.be.