STESSENS: 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.
What changed
STESSENS
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€55,422
2024 · €84,054-€139,476
Equity
€1.7m
2024 · €1.8m-€55,422
Cash
€12,281
2024 · €12,446-€165
Balance sheet total
€13.7m
2024 · €14.2m-€532,538
Largest movements
Assets
- Receivables within one year -€1.6m
down €1.6m (-13.2%), from €11.9m to €10.4m
of which Trade receivables: -€2.9m
- Financial fixed assets +€1.2m
up €1.2m (+337%), from €355,139 to €1.6m
of which Affiliated companies: +€1.2m
- Intangible fixed assets -€151,740
down €151,740 (-28.3%), from €536,955 to €385,214
Equity and liabilities
- Debts after one year +€4.8m
up €4.8m (+357%), from €1.3m to €6.2m
- Trade debts -€4.2m
down €4.2m (-49.1%), from €8.6m to €4.4m
- Advances received -€1.1m
down €1.1m (-87.7%), from €1.2m to €151,185
- Tax, wage and social debts +€207,714
up €207,714 (+20.5%), from €1.0m to €1.2m
of which Remuneration and social security: +€689,146
- Other debts -€200,694
down €200,694 (-100%), from €200,694 to €0
Income statement
- Turnover -€3.4m
down €3.4m (-15.7%), from €21.7m to €18.3m
- Goods and materials -€3.3m
down €3.3m (-21.2%), from €15.8m to €12.4m
of which Purchases: -€3.3m
- Services and other goods +€389,317
up €389,317 (+12.9%), from €3.0m to €3.4m
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.
Result 2024
€84,054
Turnover
-€3.4m
Other operating income
+€175,332
Goods and materials
+€3.3m
Services and other goods
-€389,317
Staff costs
+€153,370
Depreciation
-€138,144
Write-downs
+€48,372
Other operating charges
+€85,233
Other operating items
-€54,552
Financial income
+€8,797
Financial charges
-€19,087
Taxes
+€61,435
Result 2025
-€55,422
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€3.5m
Investment
-€1.3m
Financing
+€4.8m
Cash 2024
€12,446
From operations (derived)
-€3.5m
Net result for the year
-€55,422
Depreciation
+€270,324
Receivables after one year
-€87,341
Smaller working-capital items
-€5,258
Receivables within one year
+€1.6m
Deferred charges and accrued income
+€41,615
Trade debts
-€4.2m
Tax, wage and social debts
+€207,714
Advances received
-€1.1m
Other debts
-€200,694
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€4.8m
Debts after one year
+€4.8m
Current portion of long-term debt
-€5,850
Cash 2025
€12,281
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,235,184 | €13,702,645 | -€532,538 | -3.7% |
| Fixed assets | 21/28 | €1,263,518 | €2,257,130 | +€993,612 | +78.6% |
| Intangible fixed assets | 21 | €536,955 | €385,214 | -€151,740 | -28.3% |
| Tangible fixed assets | 22/27 | €371,424 | €320,018 | -€51,406 | -13.8% |
| Land and buildings | 22 | €117,670 | €112,047 | -€5,623 | -4.8% |
| Plant, machinery and equipment | 23 | €136,570 | €104,137 | -€32,433 | -23.7% |
| Furniture and vehicles | 24 | €57,137 | €63,206 | +€6,069 | +10.6% |
| Leasing and similar rights | 25 | €49,654 | €32,840 | -€16,814 | -33.9% |
| Other tangible fixed assets | 26 | €10,393 | €7,788 | -€2,605 | -25.1% |
| Financial fixed assets | 28 | €355,139 | €1,551,898 | +€1.2m | +337% |
| Affiliated companies | 280/1 | - | €1,196,758 | +€1.2m | |
| Amounts receivable | 281 | - | €1,196,758 | +€1.2m | |
| Other financial fixed assets | 284/8 | €355,139 | €355,139 | = | 0.0% |
| Shares | 284 | €32,500 | €32,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €322,639 | €322,639 | = | 0.0% |
| Current assets | 29/58 | €12,971,666 | €11,445,516 | -€1.5m | -11.8% |
| Amounts receivable after more than one year | 29 | €112,000 | €199,341 | +€87,341 | +78.0% |
| Trade receivables | 290 | €112,000 | €0 | -€112,000 | -100% |
| Other amounts receivable | 291 | - | €199,341 | +€199,341 | |
| Stocks and contracts in progress | 3 | €716,724 | €723,330 | +€6,606 | +0.9% |
| Stocks | 30/36 | €220,701 | €258,811 | +€38,109 | +17.3% |
| Raw materials and consumables | 30/31 | €74,858 | €155,881 | +€81,024 | +108% |
| Goods purchased for resale | 34 | €145,844 | €102,929 | -€42,914 | -29.4% |
| Contracts in progress | 37 | €496,023 | €464,520 | -€31,503 | -6.4% |
| Amounts receivable within one year | 40/41 | €11,947,043 | €10,368,726 | -€1.6m | -13.2% |
| Trade receivables | 40 | €4,811,181 | €1,893,654 | -€2.9m | -60.6% |
| Other amounts receivable | 41 | €7,135,863 | €8,475,073 | +€1.3m | +18.8% |
| Cash at bank and in hand | 54/58 | €12,446 | €12,281 | -€165 | -1.3% |
| Deferred charges and accrued income | 490/1 | €183,452 | €141,837 | -€41,615 | -22.7% |
| Total equity and liabilities | 10/49 | €14,235,184 | €13,702,645 | -€532,538 | -3.7% |
| Equity | 10/15 | €1,780,838 | €1,725,416 | -€55,422 | -3.1% |
| Contributions | 10/11 | €496,228 | €496,228 | = | 0.0% |
| Capital | 10 | €496,228 | €496,228 | = | 0.0% |
| Issued capital | 100 | €496,228 | €496,228 | = | 0.0% |
| Reserves | 13 | €1,284,610 | €1,229,188 | -€55,422 | -4.3% |
| Non-distributable reserves | 130/1 | €125,604 | €125,604 | = | 0.0% |
| Legal reserve | 130 | €49,623 | €49,623 | = | 0.0% |
| Reserves not available under the articles | 1311 | €75,982 | €0 | -€75,982 | -100% |
| Other | 1319 | - | €75,982 | +€75,982 | |
| Distributable reserves | 133 | €1,159,005 | €1,103,583 | -€55,422 | -4.8% |
| Amounts payable | 17/49 | €12,454,346 | €11,977,230 | -€477,116 | -3.8% |
| Amounts payable after more than one year | 17 | €1,346,836 | €6,151,390 | +€4.8m | +357% |
| Financial debts | 170/4 | €1,346,836 | €6,151,390 | +€4.8m | +357% |
| Subordinated loans | 170 | €1,166,550 | €1,224,878 | +€58,328 | +5.0% |
| Leasing and similar obligations | 172 | €24,970 | €10,689 | -€14,282 | -57.2% |
| Credit institutions | 173 | €0 | - | = | |
| Other loans | 174 | €155,316 | €4,915,824 | +€4.8m | +3,065% |
| Amounts payable within one year | 42/48 | €11,107,510 | €5,824,492 | -€5.3m | -47.6% |
| Current portion of amounts payable after more than one year | 42 | €96,062 | €90,212 | -€5,850 | -6.1% |
| Trade debts | 44 | €8,567,973 | €4,362,893 | -€4.2m | -49.1% |
| Suppliers | 440/4 | €8,567,973 | €4,362,893 | -€4.2m | -49.1% |
| Advances received on contracts in progress | 46 | €1,230,294 | €151,185 | -€1.1m | -87.7% |
| Taxes, remuneration and social security | 45 | €1,012,487 | €1,220,202 | +€207,714 | +20.5% |
| Taxes | 450/3 | €860,007 | €378,575 | -€481,432 | -56.0% |
| Remuneration and social security | 454/9 | €152,481 | €841,627 | +€689,146 | +452% |
| Other amounts payable | 47/48 | €200,694 | €0 | -€200,694 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,348 | +€1,348 | |
| Operating income | 70/76A | €22,086,695 | €18,738,855 | -€3.3m | -15.2% |
| Turnover | 70 | €21,736,823 | €18,320,665 | -€3.4m | -15.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €89,479 | -€31,503 | -€120,982 | |
| Other operating income | 74 | €221,958 | €397,290 | +€175,332 | +79.0% |
| Non-recurring operating income | 76A | €38,435 | €52,403 | +€13,968 | +36.3% |
| Operating charges | 60/66A | €21,600,792 | €18,443,572 | -€3.2m | -14.6% |
| Goods for resale, raw materials and consumables | 60 | €15,752,022 | €12,406,779 | -€3.3m | -21.2% |
| Purchases | 600/8 | €15,744,680 | €12,444,889 | -€3.3m | -21.0% |
| Change in stocks: decrease (increase) | 609 | €7,342 | -€38,109 | -€45,452 | |
| Services and other goods | 61 | €3,020,783 | €3,410,100 | +€389,317 | +12.9% |
| Remuneration, social security and pensions | 62 | €2,480,553 | €2,327,183 | -€153,370 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,180 | €270,324 | +€138,144 | +105% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,887 | -€25,485 | -€48,372 | |
| Other operating charges | 640/8 | €123,572 | €38,339 | -€85,233 | -69.0% |
| Non-recurring operating charges | 66A | €68,795 | €16,332 | -€52,463 | -76.3% |
| Operating profit (loss) | 9901 | €485,903 | €295,282 | -€190,621 | -39.2% |
| Financial income | 75/76B | €33,243 | €42,039 | +€8,797 | +26.5% |
| Recurring financial income | 75 | €33,243 | €42,039 | +€8,797 | +26.5% |
| Income from current assets | 751 | - | €12,341 | +€12,341 | |
| Other financial income | 752/9 | €33,243 | €29,698 | -€3,545 | -10.7% |
| Financial charges | 65/66B | €373,258 | €392,345 | +€19,087 | +5.1% |
| Recurring financial charges | 65 | €373,258 | €392,345 | +€19,087 | +5.1% |
| Debt charges | 650 | €314,793 | €331,967 | +€17,174 | +5.5% |
| Other financial charges | 652/9 | €58,465 | €60,378 | +€1,913 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €145,888 | -€55,024 | -€200,912 | |
| Income taxes | 67/77 | €61,833 | €398 | -€61,435 | -99.4% |
| Taxes | 670/3 | €70,896 | €398 | -€70,498 | -99.4% |
| Tax adjustments and reversals of tax provisions | 77 | €9,063 | €0 | -€9,063 | -100% |
| Profit (loss) for the period | 9904 | €84,054 | -€55,422 | -€139,476 | |
| Profit (loss) for the period to be appropriated | 9905 | €84,054 | -€55,422 | -€139,476 |
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 13 October 2026 via checked.be.