STES & CO: 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.
STES & CO
Largest movements
- Current investments +€75,814
up €75,814 (+50.9%), from €148,880 to €224,694
- Cash -€20,568
down €20,568 (-9.5%), from €216,977 to €196,409
mainly Current investments (-€75,814) and Investment in fixed assets (net) (-€4,864)
- Reserves +€58,217
up €58,217 (+17.1%), from €340,667 to €398,884
of which Distributable reserves: +€58,217
- Gross operating margin +€5,372
up €5,372 (+6.7%), from €80,554 to €85,926
- Taxes +€2,138
up €2,138 (+8.2%), from €26,121 to €28,259
- Financial income +€1,761
up €1,761 (+211.3%), from €833 to €2,594
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €377,836 | €438,255 | +€60,419 | +16.0% |
| Fixed assets | 21/28 | €0 | €3,909 | +€3,909 | |
| Tangible fixed assets | 22/27 | €0 | €3,909 | +€3,909 | |
| Plant, machinery and equipment | 23 | €0 | €3,909 | +€3,909 | |
| Current assets | 29/58 | €377,836 | €434,346 | +€56,510 | +15.0% |
| Amounts receivable within one year | 40/41 | €11,979 | €13,243 | +€1,264 | +10.6% |
| Trade receivables | 40 | €11,979 | €13,243 | +€1,264 | +10.6% |
| Current investments | 50/53 | €148,880 | €224,694 | +€75,814 | +50.9% |
| Cash at bank and in hand | 54/58 | €216,977 | €196,409 | -€20,568 | -9.5% |
| Total equity and liabilities | 10/49 | €377,836 | €438,255 | +€60,419 | +16.0% |
| Equity | 10/15 | €353,067 | €411,284 | +€58,217 | +16.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €340,667 | €398,884 | +€58,217 | +17.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €340,667 | €398,884 | +€58,217 | +17.1% |
| Amounts payable | 17/49 | €24,769 | €26,971 | +€2,202 | +8.9% |
| Amounts payable within one year | 42/48 | €24,769 | €26,971 | +€2,202 | +8.9% |
| Taxes, remuneration and social security | 45 | €13,869 | €15,706 | +€1,838 | +13.2% |
| Taxes | 450/3 | €13,869 | €15,706 | +€1,838 | +13.2% |
| Other amounts payable | 47/48 | €10,900 | €11,265 | +€365 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,322 | €955 | -€367 | -27.7% |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Gross operating margin | 9900 | €80,554 | €85,926 | +€5,372 | +6.7% |
| Operating profit (loss) | 9901 | €78,730 | €84,464 | +€5,734 | +7.3% |
| Financial income | 75/76B | €833 | €2,594 | +€1,761 | +211.3% |
| Recurring financial income | 75 | €833 | €2,594 | +€1,761 | +211.3% |
| Financial charges | 65/66B | €613 | €581 | -€31 | -5.1% |
| Recurring financial charges | 65 | €613 | €581 | -€31 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €78,951 | €86,477 | +€7,526 | +9.5% |
| Income taxes | 67/77 | €26,121 | €28,259 | +€2,138 | +8.2% |
| Profit (loss) for the period | 9904 | €52,829 | €58,217 | +€5,388 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,829 | €58,217 | +€5,388 | +10.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.