AN STADIUS: 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.
AN STADIUS
Largest movements
- Tangible fixed assets -€58,239
down €58,239 (-98.1%), from €59,343 to €1,104
of which Other tangible fixed assets: -€52,967
- Cash +€27,757
up €27,757 (+91.8%), from €30,222 to €57,979
mainly Investment in fixed assets (net) (+€43,262) and Net result for the year (+€23,158)
- Stocks and contracts -€8,485
no longer reported in 2025 (was €8,485)
- Receivables within one year +€2,741
up €2,741 (+131%), from €2,094 to €4,835
of which Trade receivables: +€3,088
- Deferred charges and accrued income -€1,897
down €1,897 (-82.0%), from €2,314 to €417
- Debts after one year -€40,300
no longer reported in 2025 (was €40,300)
- Reserves +€15,327
up €15,327 (+824%), from €1,860 to €17,187
- Current portion of long-term debt -€12,883
no longer reported in 2025 (was €12,883)
- Profit (loss) carried forward +€7,831
no longer reported in 2025 (was -€7,831)
- Other debts -€4,887
down €4,887 (-13.2%), from €37,023 to €32,136
- Depreciation -€11,642
down €11,642 (-43.4%), from €26,827 to €15,185
- Staff costs +€5,248
up €5,248 (+4.9%), from €106,589 to €111,837
- Taxes +€2,153
new in 2025: €2,153
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 | €102,666 | €64,335 | -€38,331 | -37.3% |
| Fixed assets | 21/28 | €59,551 | €1,104 | -€58,447 | -98.1% |
| Tangible fixed assets | 22/27 | €59,343 | €1,104 | -€58,239 | -98.1% |
| Plant, machinery and equipment | 23 | €437 | €1,104 | +€667 | +153% |
| Furniture and vehicles | 24 | €214 | - | -€214 | |
| Leasing and similar rights | 25 | €5,725 | - | -€5,725 | |
| Other tangible fixed assets | 26 | €52,967 | - | -€52,967 | |
| Financial fixed assets | 28 | €208 | - | -€208 | |
| Current assets | 29/58 | €43,115 | €63,231 | +€20,116 | +46.7% |
| Stocks and contracts in progress | 3 | €8,485 | - | -€8,485 | |
| Stocks | 30/36 | €8,485 | - | -€8,485 | |
| Amounts receivable within one year | 40/41 | €2,094 | €4,835 | +€2,741 | +131% |
| Trade receivables | 40 | €774 | €3,862 | +€3,088 | +399% |
| Other amounts receivable | 41 | €1,320 | €973 | -€347 | -26.3% |
| Cash at bank and in hand | 54/58 | €30,222 | €57,979 | +€27,757 | +91.8% |
| Deferred charges and accrued income | 490/1 | €2,314 | €417 | -€1,897 | -82.0% |
| Total equity and liabilities | 10/49 | €102,666 | €64,335 | -€38,331 | -37.3% |
| Equity | 10/15 | €6,429 | €29,587 | +€23,158 | +360% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €17,187 | +€15,327 | +824% |
| Distributable reserves | 133 | €1,860 | €17,187 | +€15,327 | +824% |
| Profit (loss) carried forward | 14 | -€7,831 | - | +€7,831 | |
| Amounts payable | 17/49 | €96,237 | €34,748 | -€61,489 | -63.9% |
| Amounts payable after more than one year | 17 | €40,300 | - | -€40,300 | |
| Financial debts | 170/4 | €40,300 | - | -€40,300 | |
| Amounts payable within one year | 42/48 | €55,937 | €34,748 | -€21,189 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €12,883 | - | -€12,883 | |
| Trade debts | 44 | €2,940 | €483 | -€2,457 | -83.6% |
| Suppliers | 440/4 | €2,940 | €483 | -€2,457 | -83.6% |
| Taxes, remuneration and social security | 45 | €3,091 | €2,129 | -€962 | -31.1% |
| Taxes | 450/3 | - | €2,129 | +€2,129 | |
| Remuneration and social security | 454/9 | €3,091 | - | -€3,091 | |
| Other amounts payable | 47/48 | €37,023 | €32,136 | -€4,887 | -13.2% |
| Non-recurring operating income | 76A | - | €48,790 | +€48,790 | |
| Remuneration, social security and pensions | 62 | €106,589 | €111,837 | +€5,248 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,827 | €15,185 | -€11,642 | -43.4% |
| Other operating charges | 640/8 | €3,130 | €1,828 | -€1,302 | -41.6% |
| Gross operating margin | 9900 | €155,407 | €156,458 | +€1,051 | +0.7% |
| Operating profit (loss) | 9901 | €18,861 | €27,608 | +€8,747 | +46.4% |
| Financial income | 75/76B | €26 | €121 | +€95 | +365% |
| Recurring financial income | 75 | €26 | €121 | +€95 | +365% |
| Financial charges | 65/66B | €2,713 | €2,418 | -€295 | -10.9% |
| Recurring financial charges | 65 | €2,713 | €2,418 | -€295 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €16,174 | €25,311 | +€9,137 | +56.5% |
| Income taxes | 67/77 | - | €2,153 | +€2,153 | |
| Profit (loss) for the period | 9904 | €16,174 | €23,158 | +€6,984 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,174 | €23,158 | +€6,984 | +43.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.