STELEK: what changed
STELEK
Largest movements
- Cash -€11,002
down €11,002 (-6.0%), from €181,980 to €170,978
mainly Other debts (-€6,397) and Net result for the year (-€4,636)
- Other debts -€6,397
down €6,397 (-5.0%), from €129,171 to €122,775
- Profit (loss) carried forward -€4,636
down €4,636 (-33.5%), from -€13,846 to -€18,482
- Other operating charges -€13,686
no longer reported in 2025 (was €13,686)
- Gross operating margin -€11,392
down €11,392, from €6,812 to -€4,580
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,980 | €170,978 | -€11,002 | -6.0% |
| Current assets | 29/58 | €181,980 | €170,978 | -€11,002 | -6.0% |
| Cash at bank and in hand | 54/58 | €181,980 | €170,978 | -€11,002 | -6.0% |
| Total equity and liabilities | 10/49 | €181,980 | €170,978 | -€11,002 | -6.0% |
| Equity | 10/15 | €52,204 | €47,568 | -€4,636 | -8.9% |
| Contributions | 10/11 | €62,200 | €62,200 | = | 0.0% |
| Capital | 10 | €62,200 | €62,200 | = | 0.0% |
| Issued capital | 100 | €62,200 | €62,200 | = | 0.0% |
| Reserves | 13 | €3,850 | €3,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,850 | €3,850 | = | 0.0% |
| Legal reserve | 130 | €3,850 | €3,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,846 | -€18,482 | -€4,636 | -33.5% |
| Amounts payable | 17/49 | €129,776 | €123,410 | -€6,366 | -4.9% |
| Amounts payable within one year | 42/48 | €129,171 | €122,775 | -€6,397 | -5.0% |
| Other amounts payable | 47/48 | €129,171 | €122,775 | -€6,397 | -5.0% |
| Accrued charges and deferred income | 492/3 | €605 | €635 | +€30 | +5.0% |
| Other operating charges | 640/8 | €13,686 | - | -€13,686 | |
| Non-recurring operating charges | 66A | €34,076 | - | -€34,076 | |
| Gross operating margin | 9900 | €6,812 | -€4,580 | -€11,392 | |
| Operating profit (loss) | 9901 | -€40,950 | -€4,580 | +€36,370 | +88.8% |
| Financial charges | 65/66B | €58 | €56 | -€1 | -2.3% |
| Recurring financial charges | 65 | €58 | €56 | -€1 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€41,007 | -€4,636 | +€36,372 | +88.7% |
| Profit (loss) for the period | 9904 | -€41,007 | -€4,636 | +€36,372 | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,007 | -€4,636 | +€36,372 | +88.7% |
Next steps
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.