STESCO: what changed
Two fiscal 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.
STESCO
Largest movements
- Current investments +€29,723
up €29,723 (+23.2%), from €128,348 to €158,070
- Intangible fixed assets -€9,350
down €9,350 (-25.0%), from €37,400 to €28,050
- Tangible fixed assets -€6,312
down €6,312 (-40.0%), from €15,780 to €9,468
of which Land and buildings: -€4,576
- Cash +€5,266
up €5,266 (+2.8%), from €186,893 to €192,159
mainly Net result for the year (+€47,451) and Other debts (+€23,961)
- Other debts +€23,961
up €23,961 (+81.6%), from €29,374 to €53,336
- Tax, wage and social debts +€7,389
up €7,389 (+116.7%), from €6,332 to €13,720
of which Taxes: +€7,424
- Reserves -€5,885
down €5,885 (-1.7%), from €340,698 to €334,814
- Gross operating margin +€10,100
up €10,100 (+14.3%), from €70,554 to €80,654
- Financial income -€2,495
down €2,495 (-37.2%), from €6,707 to €4,212
- Depreciation -€2,121
down €2,121 (-12.0%), from €17,722 to €15,602
- Taxes +€2,043
up €2,043 (+13.8%), from €14,765 to €16,808
- Financial charges -€1,477
down €1,477 (-36.5%), from €4,049 to €2,572
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 | €389,377 | €411,850 | +€22,473 | +5.8% |
| Fixed assets | 21/28 | €53,180 | €37,518 | -€15,662 | -29.5% |
| Intangible fixed assets | 21 | €37,400 | €28,050 | -€9,350 | -25.0% |
| Tangible fixed assets | 22/27 | €15,780 | €9,468 | -€6,312 | -40.0% |
| Land and buildings | 22 | €11,757 | €7,181 | -€4,576 | -38.9% |
| Furniture and vehicles | 24 | €4,023 | €2,287 | -€1,735 | -43.1% |
| Current assets | 29/58 | €336,197 | €374,332 | +€38,135 | +11.3% |
| Amounts receivable within one year | 40/41 | €17,928 | €20,494 | +€2,566 | +14.3% |
| Trade receivables | 40 | €13,212 | €17,308 | +€4,096 | +31.0% |
| Other amounts receivable | 41 | €4,716 | €3,186 | -€1,530 | -32.4% |
| Current investments | 50/53 | €128,348 | €158,070 | +€29,723 | +23.2% |
| Cash at bank and in hand | 54/58 | €186,893 | €192,159 | +€5,266 | +2.8% |
| Deferred charges and accrued income | 490/1 | €3,028 | €3,608 | +€581 | +19.2% |
| Total equity and liabilities | 10/49 | €389,377 | €411,850 | +€22,473 | +5.8% |
| Equity | 10/15 | €346,948 | €341,064 | -€5,885 | -1.7% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €340,698 | €334,814 | -€5,885 | -1.7% |
| Distributable reserves | 133 | €340,698 | €334,814 | -€5,885 | -1.7% |
| Amounts payable | 17/49 | €42,429 | €70,786 | +€28,358 | +66.8% |
| Amounts payable within one year | 42/48 | €39,245 | €68,938 | +€29,694 | +75.7% |
| Trade debts | 44 | €3,539 | €1,882 | -€1,657 | -46.8% |
| Suppliers | 440/4 | €3,539 | €1,882 | -€1,657 | -46.8% |
| Taxes, remuneration and social security | 45 | €6,332 | €13,720 | +€7,389 | +116.7% |
| Taxes | 450/3 | €4,116 | €11,540 | +€7,424 | +180.4% |
| Remuneration and social security | 454/9 | €2,215 | €2,180 | -€35 | -1.6% |
| Other amounts payable | 47/48 | €29,374 | €53,336 | +€23,961 | +81.6% |
| Accrued charges and deferred income | 492/3 | €3,184 | €1,848 | -€1,336 | -42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,722 | €15,602 | -€2,121 | -12.0% |
| Other operating charges | 640/8 | €2,408 | €2,433 | +€25 | +1.0% |
| Gross operating margin | 9900 | €70,554 | €80,654 | +€10,100 | +14.3% |
| Operating profit (loss) | 9901 | €50,424 | €62,620 | +€12,196 | +24.2% |
| Financial income | 75/76B | €6,707 | €4,212 | -€2,495 | -37.2% |
| Recurring financial income | 75 | €6,707 | €4,212 | -€2,495 | -37.2% |
| Financial charges | 65/66B | €4,049 | €2,572 | -€1,477 | -36.5% |
| Recurring financial charges | 65 | €4,049 | €2,572 | -€1,477 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €53,082 | €64,260 | +€11,178 | +21.1% |
| Income taxes | 67/77 | €14,765 | €16,808 | +€2,043 | +13.8% |
| Profit (loss) for the period | 9904 | €38,317 | €47,451 | +€9,135 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,317 | €47,451 | +€9,135 | +23.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.