STETIN: 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.
STETIN
Largest movements
- Cash +€13,865
up €13,865 (+78.8%), from €17,602 to €31,467
mainly Net result for the year (+€20,545) and Depreciation (+€13,991)
- Receivables within one year +€8,926
up €8,926 (+72.7%), from €12,282 to €21,208
- Tangible fixed assets +€2,701
up €2,701 (+6.3%), from €43,038 to €45,739
- Reserves +€20,545
up €20,545 (+200.9%), from €10,227 to €30,772
- Debts after one year -€10,713
down €10,713 (-31.2%), from €34,339 to €23,626
- Tax, wage and social debts +€8,649
up €8,649 (+72.5%), from €11,937 to €20,586
of which Taxes: +€8,621
- Trade debts +€6,072
up €6,072 (+986.4%), from €616 to €6,688
- Gross operating margin +€11,413
up €11,413 (+33.9%), from €33,675 to €45,088
- Other operating charges -€5,449
down €5,449 (-91.7%), from €5,945 to €495
- Taxes +€3,756
up €3,756 (+81.8%), from €4,590 to €8,346
- Depreciation +€3,232
up €3,232 (+30.0%), from €10,760 to €13,991
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 | €73,834 | €99,128 | +€25,293 | +34.3% |
| Fixed assets | 21/28 | €43,038 | €45,739 | +€2,701 | +6.3% |
| Tangible fixed assets | 22/27 | €43,038 | €45,739 | +€2,701 | +6.3% |
| Furniture and vehicles | 24 | €43,038 | €45,739 | +€2,701 | +6.3% |
| Current assets | 29/58 | €30,796 | €53,388 | +€22,592 | +73.4% |
| Amounts receivable within one year | 40/41 | €12,282 | €21,208 | +€8,926 | +72.7% |
| Trade receivables | 40 | €12,282 | €21,208 | +€8,926 | +72.7% |
| Cash at bank and in hand | 54/58 | €17,602 | €31,467 | +€13,865 | +78.8% |
| Deferred charges and accrued income | 490/1 | €913 | €713 | -€200 | -21.9% |
| Total equity and liabilities | 10/49 | €73,834 | €99,128 | +€25,293 | +34.3% |
| Equity | 10/15 | €13,727 | €34,272 | +€20,545 | +149.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Outside capital | 11 | €3,500 | €3,500 | = | 0.0% |
| Other | 1109/19 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €10,227 | €30,772 | +€20,545 | +200.9% |
| Distributable reserves | 133 | €10,227 | €30,772 | +€20,545 | +200.9% |
| Amounts payable | 17/49 | €60,107 | €64,856 | +€4,748 | +7.9% |
| Amounts payable after more than one year | 17 | €34,339 | €23,626 | -€10,713 | -31.2% |
| Financial debts | 170/4 | €34,339 | €23,626 | -€10,713 | -31.2% |
| Amounts payable within one year | 42/48 | €25,768 | €41,229 | +€15,461 | +60.0% |
| Current portion of amounts payable after more than one year | 42 | €10,325 | €10,713 | +€388 | +3.8% |
| Trade debts | 44 | €616 | €6,688 | +€6,072 | +986.4% |
| Suppliers | 440/4 | €616 | €6,688 | +€6,072 | +986.4% |
| Taxes, remuneration and social security | 45 | €11,937 | €20,586 | +€8,649 | +72.5% |
| Taxes | 450/3 | €11,937 | €20,557 | +€8,621 | +72.2% |
| Remuneration and social security | 454/9 | - | €29 | +€29 | |
| Other amounts payable | 47/48 | €2,891 | €3,243 | +€352 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,760 | €13,991 | +€3,232 | +30.0% |
| Other operating charges | 640/8 | €5,945 | €495 | -€5,449 | -91.7% |
| Gross operating margin | 9900 | €33,675 | €45,088 | +€11,413 | +33.9% |
| Operating profit (loss) | 9901 | €16,971 | €30,601 | +€13,631 | +80.3% |
| Financial charges | 65/66B | €2,153 | €1,710 | -€443 | -20.6% |
| Recurring financial charges | 65 | €2,153 | €1,710 | -€443 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €14,817 | €28,891 | +€14,074 | +95.0% |
| Income taxes | 67/77 | €4,590 | €8,346 | +€3,756 | +81.8% |
| Profit (loss) for the period | 9904 | €10,227 | €20,545 | +€10,318 | +100.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,227 | €20,545 | +€10,318 | +100.9% |
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 3 October 2026 via checked.be.