STESI: 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.
STESI
Largest movements
- Tangible fixed assets -€17,524
down €17,524 (-3.5%), from €500,664 to €483,139
- Debts after one year -€22,635
down €22,635 (-6.1%), from €373,915 to €351,280
- Gross operating margin +€6,937
up €6,937 (+27.8%), from €24,973 to €31,911
- Other operating charges -€5,373
down €5,373 (-98.9%), from €5,435 to €62
- Depreciation +€1,678
up €1,678 (+10.6%), from €15,846 to €17,524
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 | €504,290 | €485,409 | -€18,881 | -3.7% |
| Fixed assets | 21/28 | €500,664 | €483,139 | -€17,524 | -3.5% |
| Tangible fixed assets | 22/27 | €500,664 | €483,139 | -€17,524 | -3.5% |
| Land and buildings | 22 | €500,664 | €483,139 | -€17,524 | -3.5% |
| Current assets | 29/58 | €3,626 | €2,270 | -€1,357 | -37.4% |
| Amounts receivable within one year | 40/41 | €1,815 | €0 | -€1,815 | -100.0% |
| Trade receivables | 40 | €1,815 | €0 | -€1,815 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,811 | €2,270 | +€458 | +25.3% |
| Total equity and liabilities | 10/49 | €504,290 | €485,409 | -€18,881 | -3.7% |
| Equity | 10/15 | -€4,627 | -€3,782 | +€845 | +18.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,627 | -€8,782 | +€845 | +8.8% |
| Amounts payable | 17/49 | €508,917 | €489,191 | -€19,726 | -3.9% |
| Amounts payable after more than one year | 17 | €373,915 | €351,280 | -€22,635 | -6.1% |
| Financial debts | 170/4 | €373,915 | €351,280 | -€22,635 | -6.1% |
| Amounts payable within one year | 42/48 | €135,002 | €134,692 | -€310 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €21,892 | €22,635 | +€744 | +3.4% |
| Trade debts | 44 | €392 | €98 | -€294 | -75.0% |
| Suppliers | 440/4 | €392 | €98 | -€294 | -75.0% |
| Taxes, remuneration and social security | 45 | €1,399 | €1,709 | +€311 | +22.2% |
| Taxes | 450/3 | €1,399 | €1,709 | +€311 | +22.2% |
| Other amounts payable | 47/48 | €111,320 | €110,249 | -€1,071 | -1.0% |
| Accrued charges and deferred income | 492/3 | - | €3,219 | +€3,219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,846 | €17,524 | +€1,678 | +10.6% |
| Other operating charges | 640/8 | €5,435 | €62 | -€5,373 | -98.9% |
| Gross operating margin | 9900 | €24,973 | €31,911 | +€6,937 | +27.8% |
| Operating profit (loss) | 9901 | €3,692 | €14,324 | +€10,632 | +288.0% |
| Financial charges | 65/66B | €13,319 | €13,479 | +€160 | +1.2% |
| Recurring financial charges | 65 | €13,319 | €13,479 | +€160 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,627 | €845 | +€10,472 | |
| Profit (loss) for the period | 9904 | -€9,627 | €845 | +€10,472 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,627 | €845 | +€10,472 |
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 28 September 2026 via checked.be.