STEWIBE MEDIA: what changed
What changed
STEWIBE MEDIA
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €1.0m+€928,907
Equity
€4.2m
2024 · €2.3m+€1.9m
Cash
€239,939
2024 · €5,574+€234,366
Balance sheet total
€8.6m
2024 · €5.3m+€3.3m
Largest movements
Assets
- Tangible fixed assets +€2.5m
new in 2025: €2.5m
of which Land and buildings: +€2.4m
- Receivables within one year +€586,983
up €586,983 (+109%), from €539,806 to €1.1m
of which Other amounts receivable: +€572,283
- Cash +€234,366
up €234,366 (+4,205%), from €5,574 to €239,939
mainly Net result for the year (+€1.9m) and Debts after one year (+€1.9m)
Equity and liabilities
- Reserves +€1.9m
up €1.9m (+84.2%), from €2.3m to €4.2m
- Debts after one year +€1.9m
up €1.9m (+321%), from €595,000 to €2.5m
- Other debts -€691,351
down €691,351 (-31.3%), from €2.2m to €1.5m
Income statement
- Financial income +€1.0m
up €1.0m (+96.9%), from €1.0m to €2.1m
- Financial charges +€59,625
up €59,625 (+51.9%), from €114,790 to €174,415
- Depreciation +€46,636
new in 2025: €46,636
- Gross operating margin +€19,258
up €19,258 (+25.6%), from €75,283 to €94,541
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.0m
Gross operating margin
+€19,258
Depreciation
-€46,636
Other operating charges
+€31
Financial income
+€1.0m
Financial charges
-€59,625
Result 2025
€1.9m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€751,643
Investment
-€2.5m
Financing
+€2.0m
Cash 2024
€5,574
From operations (derived)
+€751,643
Net result for the year
+€1.9m
Depreciation
+€46,636
Receivables within one year
-€586,983
Smaller working-capital items
-€3,315
Trade debts
+€18,663
Other debts
-€691,351
Accrued charges and deferred income
+€30,939
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€2.5m
Financing
+€2.0m
Debts after one year
+€1.9m
Current portion of long-term debt
+€73,410
Cash 2025
€239,939
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,309,835 | €8,587,467 | +€3.3m | +61.7% |
| Fixed assets | 21/28 | €4,764,456 | €7,219,900 | +€2.5m | +51.5% |
| Tangible fixed assets | 22/27 | - | €2,455,444 | +€2.5m | |
| Land and buildings | 22 | - | €2,438,506 | +€2.4m | |
| Plant, machinery and equipment | 23 | - | €16,938 | +€16,938 | |
| Financial fixed assets | 28 | €4,764,456 | €4,764,456 | = | 0.0% |
| Current assets | 29/58 | €545,379 | €1,367,567 | +€822,188 | +151% |
| Amounts receivable within one year | 40/41 | €539,806 | €1,126,789 | +€586,983 | +109% |
| Trade receivables | 40 | €149,000 | €163,700 | +€14,700 | +9.9% |
| Other amounts receivable | 41 | €390,806 | €963,089 | +€572,283 | +146% |
| Cash at bank and in hand | 54/58 | €5,574 | €239,939 | +€234,366 | +4,205% |
| Deferred charges and accrued income | 490/1 | - | €840 | +€840 | |
| Total equity and liabilities | 10/49 | €5,309,835 | €8,587,467 | +€3.3m | +61.7% |
| Equity | 10/15 | €2,300,760 | €4,237,814 | +€1.9m | +84.2% |
| Contributions | 10/11 | €90 | €90 | = | 0.0% |
| Reserves | 13 | €2,300,670 | €4,237,724 | +€1.9m | +84.2% |
| Distributable reserves | 133 | €2,300,670 | €4,237,724 | +€1.9m | +84.2% |
| Amounts payable | 17/49 | €3,009,075 | €4,349,654 | +€1.3m | +44.6% |
| Amounts payable after more than one year | 17 | €595,000 | €2,506,393 | +€1.9m | +321% |
| Financial debts | 170/4 | €595,000 | €2,506,393 | +€1.9m | +321% |
| Amounts payable within one year | 42/48 | €2,414,075 | €1,812,322 | -€601,753 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €45,334 | €118,744 | +€73,410 | +162% |
| Trade debts | 44 | €155,448 | €174,111 | +€18,663 | +12.0% |
| Suppliers | 440/4 | €155,448 | €174,111 | +€18,663 | +12.0% |
| Taxes, remuneration and social security | 45 | €2,475 | - | -€2,475 | |
| Taxes | 450/3 | €2,475 | - | -€2,475 | |
| Other amounts payable | 47/48 | €2,210,818 | €1,519,467 | -€691,351 | -31.3% |
| Accrued charges and deferred income | 492/3 | - | €30,939 | +€30,939 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €46,636 | +€46,636 | |
| Other operating charges | 640/8 | €1,157 | €1,126 | -€31 | -2.6% |
| Gross operating margin | 9900 | €75,283 | €94,541 | +€19,258 | +25.6% |
| Operating profit (loss) | 9901 | €74,126 | €46,779 | -€27,348 | -36.9% |
| Financial income | 75/76B | €1,048,810 | €2,064,690 | +€1.0m | +96.9% |
| Recurring financial income | 75 | €1,048,810 | €2,064,690 | +€1.0m | +96.9% |
| Financial charges | 65/66B | €114,790 | €174,415 | +€59,625 | +51.9% |
| Recurring financial charges | 65 | €114,790 | €174,415 | +€59,625 | +51.9% |
| Profit (loss) for the period before taxes | 9903 | €1,008,146 | €1,937,054 | +€928,907 | +92.1% |
| Profit (loss) for the period | 9904 | €1,008,146 | €1,937,054 | +€928,907 | +92.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,008,146 | €1,937,054 | +€928,907 | +92.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.