Stessels: 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.
Stessels
Largest movements
- Cash -€74,627
down €74,627 (-81.0%), from €92,121 to €17,493
mainly Stocks and contracts (-€54,441) and Investment in fixed assets (net) (-€49,804)
- Stocks and contracts +€54,441
up €54,441 (+97.4%), from €55,919 to €110,360
- Tangible fixed assets +€27,530
up €27,530 (+195.5%), from €14,084 to €41,614
of which Furniture and vehicles: +€34,499
- Receivables within one year -€26,209
down €26,209 (-55.7%), from €47,068 to €20,859
- Profit (loss) carried forward +€22,250
up €22,250 (+72.3%), from €30,756 to €53,006
- Other debts -€20,171
down €20,171 (-30.2%), from €66,883 to €46,712
- Tax, wage and social debts -€15,835
down €15,835 (-31.1%), from €50,950 to €35,115
of which Taxes: -€15,835
- Trade debts -€4,110
down €4,110 (-23.2%), from €17,691 to €13,581
- Depreciation +€15,130
up €15,130 (+208.9%), from €7,244 to €22,374
- Taxes -€2,071
down €2,071 (-18.4%), from €11,264 to €9,193
- Financial charges -€1,563
down €1,563 (-23.9%), from €6,547 to €4,984
- Other operating charges +€732
up €732 (+35.1%), from €2,086 to €2,819
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 | €213,530 | €195,663 | -€17,867 | -8.4% |
| Fixed assets | 21/28 | €14,884 | €42,314 | +€27,430 | +184.3% |
| Intangible fixed assets | 21 | €800 | €700 | -€100 | -12.5% |
| Tangible fixed assets | 22/27 | €14,084 | €41,614 | +€27,530 | +195.5% |
| Plant, machinery and equipment | 23 | €10,130 | €3,282 | -€6,848 | -67.6% |
| Furniture and vehicles | 24 | €2,939 | €37,438 | +€34,499 | +1173.7% |
| Other tangible fixed assets | 26 | €1,015 | €895 | -€120 | -11.8% |
| Current assets | 29/58 | €198,646 | €153,349 | -€45,297 | -22.8% |
| Stocks and contracts in progress | 3 | €55,919 | €110,360 | +€54,441 | +97.4% |
| Stocks | 30/36 | €55,919 | €110,360 | +€54,441 | +97.4% |
| Amounts receivable within one year | 40/41 | €47,068 | €20,859 | -€26,209 | -55.7% |
| Trade receivables | 40 | €47,068 | €20,859 | -€26,209 | -55.7% |
| Cash at bank and in hand | 54/58 | €92,121 | €17,493 | -€74,627 | -81.0% |
| Deferred charges and accrued income | 490/1 | €3,538 | €4,637 | +€1,099 | +31.1% |
| Total equity and liabilities | 10/49 | €213,530 | €195,663 | -€17,867 | -8.4% |
| Equity | 10/15 | €77,756 | €100,006 | +€22,250 | +28.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,000 | €42,000 | = | 0.0% |
| Distributable reserves | 133 | €42,000 | €42,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,756 | €53,006 | +€22,250 | +72.3% |
| Amounts payable | 17/49 | €135,774 | €95,658 | -€40,116 | -29.5% |
| Amounts payable within one year | 42/48 | €135,524 | €95,408 | -€40,116 | -29.6% |
| Trade debts | 44 | €17,691 | €13,581 | -€4,110 | -23.2% |
| Suppliers | 440/4 | €17,691 | €13,581 | -€4,110 | -23.2% |
| Taxes, remuneration and social security | 45 | €50,950 | €35,115 | -€15,835 | -31.1% |
| Taxes | 450/3 | €48,197 | €32,362 | -€15,835 | -32.9% |
| Remuneration and social security | 454/9 | €2,753 | €2,753 | = | 0.0% |
| Other amounts payable | 47/48 | €66,883 | €46,712 | -€20,171 | -30.2% |
| Accrued charges and deferred income | 492/3 | €250 | €250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,244 | €22,374 | +€15,130 | +208.9% |
| Other operating charges | 640/8 | €2,086 | €2,819 | +€732 | +35.1% |
| Non-recurring operating charges | 66A | €3,486 | - | -€3,486 | |
| Gross operating margin | 9900 | €61,090 | €61,611 | +€520 | +0.9% |
| Operating profit (loss) | 9901 | €48,273 | €36,418 | -€11,855 | -24.6% |
| Financial income | 75/76B | €59 | €9 | -€50 | -84.3% |
| Recurring financial income | 75 | €59 | €9 | -€50 | -84.3% |
| Financial charges | 65/66B | €6,547 | €4,984 | -€1,563 | -23.9% |
| Recurring financial charges | 65 | €6,547 | €4,984 | -€1,563 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €41,785 | €31,443 | -€10,342 | -24.8% |
| Income taxes | 67/77 | €11,264 | €9,193 | -€2,071 | -18.4% |
| Profit (loss) for the period | 9904 | €30,521 | €22,250 | -€8,271 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,521 | €22,250 | -€8,271 | -27.1% |
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 3 October 2026 via checked.be.