Stethic: 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.
Stethic
Largest movements
- Cash +€11,850
up €11,850 (+138.6%), from €8,547 to €20,397
mainly Net result for the year (+€16,350) and Depreciation (+€778)
- Receivables within one year +€2,122
up €2,122 (+80.4%), from €2,637 to €4,759
of which Other amounts receivable: +€2,074
- Tangible fixed assets +€798
up €798 (+25.6%), from €3,115 to €3,913
- Reserves +€15,000
up €15,000 (+300.0%), from €5,000 to €20,000
- Profit (loss) carried forward +€1,350
up €1,350 (+544.2%), from €248 to €1,598
- Trade debts -€952
down €952 (-53.6%), from €1,776 to €824
- Gross operating margin +€16,637
up €16,637 (+202.6%), from €8,210 to €24,847
- Taxes +€4,033
up €4,033 (+248.2%), from €1,625 to €5,658
- Depreciation +€604
up €604 (+345.1%), from €175 to €778
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 | €14,700 | €29,534 | +€14,834 | +100.9% |
| Fixed assets | 21/28 | €3,115 | €3,913 | +€798 | +25.6% |
| Tangible fixed assets | 22/27 | €3,115 | €3,913 | +€798 | +25.6% |
| Furniture and vehicles | 24 | €3,115 | €3,913 | +€798 | +25.6% |
| Current assets | 29/58 | €11,585 | €25,621 | +€14,036 | +121.2% |
| Amounts receivable within one year | 40/41 | €2,637 | €4,759 | +€2,122 | +80.4% |
| Trade receivables | 40 | €2,637 | €2,684 | +€47 | +1.8% |
| Other amounts receivable | 41 | - | €2,074 | +€2,074 | |
| Cash at bank and in hand | 54/58 | €8,547 | €20,397 | +€11,850 | +138.6% |
| Deferred charges and accrued income | 490/1 | €400 | €465 | +€65 | +16.2% |
| Total equity and liabilities | 10/49 | €14,700 | €29,534 | +€14,834 | +100.9% |
| Equity | 10/15 | €10,248 | €26,598 | +€16,350 | +159.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €20,000 | +€15,000 | +300.0% |
| Distributable reserves | 133 | €5,000 | €20,000 | +€15,000 | +300.0% |
| Profit (loss) carried forward | 14 | €248 | €1,598 | +€1,350 | +544.2% |
| Amounts payable | 17/49 | €4,452 | €2,936 | -€1,516 | -34.0% |
| Amounts payable within one year | 42/48 | €4,452 | €2,936 | -€1,516 | -34.0% |
| Trade debts | 44 | €1,776 | €824 | -€952 | -53.6% |
| Suppliers | 440/4 | €1,776 | €824 | -€952 | -53.6% |
| Taxes, remuneration and social security | 45 | €293 | - | -€293 | |
| Taxes | 450/3 | €293 | - | -€293 | |
| Other amounts payable | 47/48 | €2,383 | €2,112 | -€271 | -11.4% |
| Non-recurring operating income | 76A | - | €604 | +€604 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175 | €778 | +€604 | +345.1% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €8,210 | €24,847 | +€16,637 | +202.6% |
| Operating profit (loss) | 9901 | €7,466 | €23,484 | +€16,018 | +214.5% |
| Financial income | 75/76B | €0 | €34 | +€34 | +342900.0% |
| Recurring financial income | 75 | €0 | €34 | +€34 | +342900.0% |
| Financial charges | 65/66B | €1,496 | €1,510 | +€14 | +0.9% |
| Recurring financial charges | 65 | €1,496 | €1,510 | +€14 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €5,970 | €22,008 | +€16,038 | +268.6% |
| Income taxes | 67/77 | €1,625 | €5,658 | +€4,033 | +248.2% |
| Profit (loss) for the period | 9904 | €4,345 | €16,350 | +€12,005 | +276.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,345 | €16,350 | +€12,005 | +276.3% |
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 7 October 2026 via checked.be.