STETEC: 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
STETEC
NACE 25.530, Machining of metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€6,099
2024 · €15,350-€9,251
Equity
€851,689
2024 · €845,590+€6,099
Cash
€17,128
2024 · €27,791-€10,664
Balance sheet total
€1.6m
2024 · €1.7m-€139,985
Largest movements
Assets
- Tangible fixed assets -€124,180
down €124,180 (-7.9%), from €1.6m to €1.4m
Equity and liabilities
- Trade debts -€57,089
down €57,089 (-28.3%), from €201,571 to €144,482
- Other debts -€54,616
down €54,616 (-90.7%), from €60,195 to €5,579
- Debts after one year -€33,900
down €33,900 (-6.4%), from €532,676 to €498,776
Income statement
- Depreciation +€12,948
up €12,948 (+12.7%), from €102,186 to €115,134
- Gross operating margin +€10,522
up €10,522 (+3.5%), from €296,998 to €307,520
- Staff costs +€4,809
up €4,809 (+3.5%), from €138,689 to €143,498
- Other operating charges -€3,934
down €3,934 (-27.4%), from €14,370 to €10,437
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
€15,350
Gross operating margin
+€10,522
Staff costs
-€4,809
Depreciation
-€12,948
Other operating charges
+€3,934
Other operating items
-€9,348
Financial income
+€11
Financial charges
+€2,408
Taxes
+€978
Result 2025
€6,099
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
+€14,049
Investment
+€9,046
Financing
-€33,759
Cash 2024
€27,791
From operations (derived)
+€14,049
Net result for the year
+€6,099
Depreciation
+€115,134
Stocks and contracts
+€2,055
Receivables within one year
-€14,132
Deferred charges and accrued income
+€17,217
Trade debts
-€57,089
Tax, wage and social debts
-€639
Other debts
-€54,616
Accrued charges and deferred income
+€18
Investment (derived)
+€9,046
Investment in fixed assets (net)
+€9,046
Financing
-€33,759
Debts after one year
-€33,900
Current portion of long-term debt
+€141
Cash 2025
€17,128
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,747,098 | €1,607,113 | -€139,985 | -8.0% |
| Fixed assets | 21/28 | €1,570,191 | €1,446,011 | -€124,180 | -7.9% |
| Tangible fixed assets | 22/27 | €1,570,191 | €1,446,011 | -€124,180 | -7.9% |
| Land and buildings | 22 | €1,345,105 | €1,298,529 | -€46,575 | -3.5% |
| Plant, machinery and equipment | 23 | €121,652 | €77,710 | -€43,942 | -36.1% |
| Furniture and vehicles | 24 | €103,434 | €69,772 | -€33,662 | -32.5% |
| Current assets | 29/58 | €176,907 | €161,102 | -€15,805 | -8.9% |
| Stocks and contracts in progress | 3 | €2,055 | - | -€2,055 | |
| Stocks | 30/36 | €2,055 | - | -€2,055 | |
| Amounts receivable within one year | 40/41 | €123,329 | €137,461 | +€14,132 | +11.5% |
| Trade receivables | 40 | €101,801 | €111,886 | +€10,085 | +9.9% |
| Other amounts receivable | 41 | €21,529 | €25,575 | +€4,047 | +18.8% |
| Cash at bank and in hand | 54/58 | €27,791 | €17,128 | -€10,664 | -38.4% |
| Deferred charges and accrued income | 490/1 | €23,731 | €6,513 | -€17,217 | -72.6% |
| Total equity and liabilities | 10/49 | €1,747,098 | €1,607,113 | -€139,985 | -8.0% |
| Equity | 10/15 | €845,590 | €851,689 | +€6,099 | +0.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €25,452 | €31,551 | +€6,099 | +24.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €23,452 | €29,551 | +€6,099 | +26.0% |
| Profit (loss) carried forward | 14 | €800,138 | €800,138 | = | 0.0% |
| Amounts payable | 17/49 | €901,508 | €755,424 | -€146,083 | -16.2% |
| Amounts payable after more than one year | 17 | €532,676 | €498,776 | -€33,900 | -6.4% |
| Financial debts | 170/4 | €532,676 | €498,776 | -€33,900 | -6.4% |
| Amounts payable within one year | 42/48 | €368,786 | €256,584 | -€112,202 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €89,294 | €89,435 | +€141 | +0.2% |
| Trade debts | 44 | €201,571 | €144,482 | -€57,089 | -28.3% |
| Suppliers | 440/4 | €201,571 | €144,482 | -€57,089 | -28.3% |
| Taxes, remuneration and social security | 45 | €17,727 | €17,088 | -€639 | -3.6% |
| Taxes | 450/3 | €3,726 | €1,199 | -€2,527 | -67.8% |
| Remuneration and social security | 454/9 | €14,001 | €15,889 | +€1,888 | +13.5% |
| Other amounts payable | 47/48 | €60,195 | €5,579 | -€54,616 | -90.7% |
| Accrued charges and deferred income | 492/3 | €45 | €64 | +€18 | +40.3% |
| Non-recurring operating income | 76A | €18,217 | €7,500 | -€10,717 | -58.8% |
| Remuneration, social security and pensions | 62 | €138,689 | €143,498 | +€4,809 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,186 | €115,134 | +€12,948 | +12.7% |
| Other operating charges | 640/8 | €14,370 | €10,437 | -€3,934 | -27.4% |
| Non-recurring operating charges | 66A | €32 | €9,380 | +€9,348 | +29,003% |
| Gross operating margin | 9900 | €296,998 | €307,520 | +€10,522 | +3.5% |
| Operating profit (loss) | 9901 | €41,720 | €29,072 | -€12,649 | -30.3% |
| Financial income | 75/76B | €25 | €37 | +€11 | +44.7% |
| Recurring financial income | 75 | €25 | €37 | +€11 | +44.7% |
| Financial charges | 65/66B | €17,261 | €14,852 | -€2,408 | -14.0% |
| Recurring financial charges | 65 | €17,261 | €14,852 | -€2,408 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €24,485 | €14,256 | -€10,229 | -41.8% |
| Income taxes | 67/77 | €9,135 | €8,157 | -€978 | -10.7% |
| Profit (loss) for the period | 9904 | €15,350 | €6,099 | -€9,251 | -60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,350 | €6,099 | -€9,251 | -60.3% |
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 28 October 2026 via checked.be.