STETAL HOLDING: 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.
STETAL HOLDING
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Current portion of long-term debt -€21,634
no longer reported in 2025 (was €21,634)
- Profit (loss) carried forward +€17,124
up €17,124 (+26.9%), from €63,555 to €80,679
- Other debts +€4,400
up €4,400 (+16.9%), from €26,068 to €30,468
- Financial income +€2,000
up €2,000 (+8.0%), from €25,000 to €27,000
- Gross operating margin -€918
down €918 (-12.8%), from -€7,166 to -€8,085
- Financial charges -€438
down €438 (-63.0%), from €695 to €257
- Depreciation -€279
down €279 (-19.7%), from €1,414 to €1,135
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,647 | €234,829 | -€818 | -0.3% |
| Formation expenses | 20 | €1,135 | - | -€1,135 | |
| Fixed assets | 21/28 | €233,750 | €233,750 | = | 0.0% |
| Financial fixed assets | 28 | €233,750 | €233,750 | = | 0.0% |
| Current assets | 29/58 | €762 | €1,079 | +€317 | +41.6% |
| Cash at bank and in hand | 54/58 | €762 | €1,079 | +€317 | +41.6% |
| Total equity and liabilities | 10/49 | €235,647 | €234,829 | -€818 | -0.3% |
| Equity | 10/15 | €183,555 | €200,679 | +€17,124 | +9.3% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,555 | €80,679 | +€17,124 | +26.9% |
| Amounts payable | 17/49 | €52,093 | €34,151 | -€17,942 | -34.4% |
| Amounts payable within one year | 42/48 | €52,093 | €34,151 | -€17,942 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €21,634 | - | -€21,634 | |
| Trade debts | 44 | €708 | - | -€708 | |
| Suppliers | 440/4 | €708 | - | -€708 | |
| Taxes, remuneration and social security | 45 | €3,683 | €3,683 | = | 0.0% |
| Taxes | 450/3 | €3,683 | €3,683 | = | 0.0% |
| Other amounts payable | 47/48 | €26,068 | €30,468 | +€4,400 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,414 | €1,135 | -€279 | -19.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€7,166 | -€8,085 | -€918 | -12.8% |
| Operating profit (loss) | 9901 | -€8,967 | -€9,619 | -€652 | -7.3% |
| Financial income | 75/76B | €25,000 | €27,000 | +€2,000 | +8.0% |
| Recurring financial income | 75 | €25,000 | €27,000 | +€2,000 | +8.0% |
| Financial charges | 65/66B | €695 | €257 | -€438 | -63.0% |
| Recurring financial charges | 65 | €695 | €257 | -€438 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | €15,338 | €17,124 | +€1,786 | +11.6% |
| Profit (loss) for the period | 9904 | €15,338 | €17,124 | +€1,786 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,338 | €17,124 | +€1,786 | +11.6% |
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 15 October 2026 via checked.be.