STETEK: 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.
STETEK
Largest movements
- Cash -€58,143
down €58,143 (-30.2%), from €192,532 to €134,389
mainly Contributions, distributions and other (-€91,286) and Accrued charges and deferred income (-€2,478)
- Reserves -€63,763
down €63,763 (-35.0%), from €181,928 to €118,165
- Tax, wage and social debts +€4,997
up €4,997 (+386.9%), from €1,291 to €6,288
- Accrued charges and deferred income -€2,478
down €2,478 (-85.6%), from €2,893 to €415
- Gross operating margin +€6,313
up €6,313 (+16.9%), from €37,327 to €43,640
- Taxes +€3,470
up €3,470 (+30.9%), from €11,228 to €14,697
- Financial charges -€2,407
down €2,407 (-80.2%), from €3,003 to €596
- Other operating charges -€490
down €490 (-51.5%), from €951 to €462
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 | €197,964 | €138,772 | -€59,192 | -29.9% |
| Fixed assets | 21/28 | €362 | €0 | -€362 | -100.0% |
| Tangible fixed assets | 22/27 | €362 | €0 | -€362 | -100.0% |
| Furniture and vehicles | 24 | €362 | €0 | -€362 | -100.0% |
| Current assets | 29/58 | €197,601 | €138,772 | -€58,829 | -29.8% |
| Amounts receivable within one year | 40/41 | €3,946 | €3,897 | -€49 | -1.3% |
| Trade receivables | 40 | €1,174 | €1,174 | = | 0.0% |
| Other amounts receivable | 41 | €2,772 | €2,723 | -€49 | -1.8% |
| Cash at bank and in hand | 54/58 | €192,532 | €134,389 | -€58,143 | -30.2% |
| Deferred charges and accrued income | 490/1 | €1,123 | €486 | -€637 | -56.7% |
| Total equity and liabilities | 10/49 | €197,964 | €138,772 | -€59,192 | -29.9% |
| Equity | 10/15 | €188,128 | €124,365 | -€63,763 | -33.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €181,928 | €118,165 | -€63,763 | -35.0% |
| Distributable reserves | 133 | €181,928 | €118,165 | -€63,763 | -35.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,835 | €14,407 | +€4,572 | +46.5% |
| Amounts payable within one year | 42/48 | €6,942 | €13,992 | +€7,050 | +101.5% |
| Trade debts | 44 | €752 | €872 | +€120 | +16.0% |
| Suppliers | 440/4 | €752 | €872 | +€120 | +16.0% |
| Taxes, remuneration and social security | 45 | €1,291 | €6,288 | +€4,997 | +386.9% |
| Taxes | 450/3 | €1,291 | €6,288 | +€4,997 | +386.9% |
| Other amounts payable | 47/48 | €4,899 | €6,832 | +€1,933 | +39.5% |
| Accrued charges and deferred income | 492/3 | €2,893 | €415 | -€2,478 | -85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €533 | €362 | -€171 | -32.1% |
| Other operating charges | 640/8 | €951 | €462 | -€490 | -51.5% |
| Gross operating margin | 9900 | €37,327 | €43,640 | +€6,313 | +16.9% |
| Operating profit (loss) | 9901 | €35,842 | €42,815 | +€6,973 | +19.5% |
| Financial charges | 65/66B | €3,003 | €596 | -€2,407 | -80.2% |
| Recurring financial charges | 65 | €3,003 | €596 | -€2,407 | -80.2% |
| Profit (loss) for the period before taxes | 9903 | €32,839 | €42,220 | +€9,380 | +28.6% |
| Income taxes | 67/77 | €11,228 | €14,697 | +€3,470 | +30.9% |
| Profit (loss) for the period | 9904 | €21,612 | €27,523 | +€5,911 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,612 | €27,523 | +€5,911 | +27.4% |
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 9 October 2026 via checked.be.