STECHO: 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.
STECHO
Largest movements
- Current investments +€850,000
up €850,000, from €0 to €850,000
- Receivables within one year -€386,535
down €386,535 (-91.0%), from €424,591 to €38,056
of which Trade receivables: -€357,216
- Other debts -€2.2m
down €2.2m (-95.7%), from €2.3m to €100,000
- Reserves +€2.1m
up €2.1m (+72.4%), from €2.9m to €5.0m
of which Distributable reserves: +€2.0m
- Debts after one year +€931,958
up €931,958 (+79.8%), from €1.2m to €2.1m
- Trade debts -€182,090
down €182,090 (-81.8%), from €222,483 to €40,393
- Turnover -€315,163
down €315,163 (-35.2%), from €896,336 to €581,173
- Services and other goods -€207,784
down €207,784 (-41.3%), from €503,343 to €295,559
- Financial income -€32,604
down €32,604 (-1.6%), from €2.0m to €2.0m
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,715,180 | €12,252,285 | +€537,105 | +4.6% |
| Fixed assets | 21/28 | €11,193,703 | €11,193,703 | = | 0.0% |
| Financial fixed assets | 28 | €11,193,703 | €11,193,703 | = | 0.0% |
| Affiliated companies | 280/1 | €11,193,703 | €11,193,703 | = | 0.0% |
| Participating interests | 280 | €11,193,703 | €11,193,703 | = | 0.0% |
| Current assets | 29/58 | €521,477 | €1,058,582 | +€537,105 | +103% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €424,591 | €38,056 | -€386,535 | -91.0% |
| Trade receivables | 40 | €386,790 | €29,575 | -€357,216 | -92.4% |
| Other amounts receivable | 41 | €37,801 | €8,481 | -€29,320 | -77.6% |
| Current investments | 50/53 | €0 | €850,000 | +€850,000 | |
| Other investments | 51/53 | €0 | €850,000 | +€850,000 | |
| Cash at bank and in hand | 54/58 | €96,885 | €170,526 | +€73,641 | +76.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €11,715,180 | €12,252,285 | +€537,105 | +4.6% |
| Equity | 10/15 | €7,886,798 | €9,975,395 | +€2.1m | +26.5% |
| Contributions | 10/11 | €5,000,000 | €5,000,000 | = | 0.0% |
| Reserves | 13 | €2,886,000 | €4,975,000 | +€2.1m | +72.4% |
| Non-distributable reserves | 130/1 | €291,000 | €396,000 | +€105,000 | +36.1% |
| Reserves not available under the articles | 1311 | €291,000 | €396,000 | +€105,000 | +36.1% |
| Distributable reserves | 133 | €2,595,000 | €4,579,000 | +€2.0m | +76.5% |
| Profit (loss) carried forward | 14 | €798 | €395 | -€403 | -50.5% |
| Amounts payable | 17/49 | €3,828,382 | €2,276,891 | -€1.6m | -40.5% |
| Amounts payable after more than one year | 17 | €1,167,211 | €2,099,168 | +€931,958 | +79.8% |
| Other amounts payable | 178/9 | €1,167,211 | €2,099,168 | +€931,958 | +79.8% |
| Amounts payable within one year | 42/48 | €2,522,927 | €140,671 | -€2.4m | -94.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €222,483 | €40,393 | -€182,090 | -81.8% |
| Suppliers | 440/4 | €222,483 | €40,393 | -€182,090 | -81.8% |
| Taxes, remuneration and social security | 45 | €444 | €278 | -€166 | -37.4% |
| Taxes | 450/3 | €444 | €278 | -€166 | -37.4% |
| Other amounts payable | 47/48 | €2,300,000 | €100,000 | -€2.2m | -95.7% |
| Accrued charges and deferred income | 492/3 | €138,244 | €37,051 | -€101,193 | -73.2% |
| Operating income | 70/76A | €896,336 | €581,173 | -€315,163 | -35.2% |
| Turnover | 70 | €896,336 | €581,173 | -€315,163 | -35.2% |
| Operating charges | 60/66A | €504,451 | €296,702 | -€207,750 | -41.2% |
| Services and other goods | 61 | €503,343 | €295,559 | -€207,784 | -41.3% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Operating profit (loss) | 9901 | €391,885 | €284,472 | -€107,413 | -27.4% |
| Financial income | 75/76B | €1,982,705 | €1,950,101 | -€32,604 | -1.6% |
| Recurring financial income | 75 | €1,982,705 | €1,950,101 | -€32,604 | -1.6% |
| Income from financial fixed assets | 750 | €1,975,913 | €1,948,833 | -€27,080 | -1.4% |
| Income from current assets | 751 | €6,792 | €1,268 | -€5,524 | -81.3% |
| Financial charges | 65/66B | €140,566 | €145,976 | +€5,410 | +3.8% |
| Recurring financial charges | 65 | €140,566 | €145,976 | +€5,410 | +3.8% |
| Debt charges | 650 | €139,626 | €145,213 | +€5,588 | +4.0% |
| Other financial charges | 652/9 | €940 | €763 | -€178 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €2,234,024 | €2,088,597 | -€145,427 | -6.5% |
| Profit (loss) for the period | 9904 | €2,234,024 | €2,088,597 | -€145,427 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,234,024 | €2,088,597 | -€145,427 | -6.5% |
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 29 October 2026 via checked.be.