DE STANLEY: 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.
DE STANLEY
Largest movements
- Receivables within one year +€109,209
up €109,209 (+72,085%), from €152 to €109,361
of which Other amounts receivable: +€109,261
- Cash -€51,938
down €51,938 (-38.7%), from €134,243 to €82,305
mainly Receivables within one year (-€109,209) and Other debts (-€7,058)
- Tangible fixed assets -€11,872
down €11,872 (-38.3%), from €30,993 to €19,121
of which Furniture and vehicles: -€8,004
- Trade debts +€35,843
up €35,843 (+504%), from €7,112 to €42,955
- Reserves +€23,572
up €23,572 (+19.1%), from €123,529 to €147,102
- Other debts -€7,058
down €7,058 (-100%), from €7,058 to €0
- Tax, wage and social debts -€6,350
down €6,350 (-31.1%), from €20,401 to €14,051
of which Taxes: -€6,350
- Gross operating margin -€44,019
down €44,019 (-44.1%), from €99,784 to €55,765
- Staff costs -€37,323
down €37,323 (-99.2%), from €37,617 to €294
- Taxes -€3,979
down €3,979 (-23.8%), from €16,738 to €12,759
- Financial charges +€1,387
up €1,387 (+222%), from €625 to €2,012
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 | €168,101 | €214,169 | +€46,069 | +27.4% |
| Fixed assets | 21/28 | €32,300 | €21,020 | -€11,280 | -34.9% |
| Tangible fixed assets | 22/27 | €30,993 | €19,121 | -€11,872 | -38.3% |
| Plant, machinery and equipment | 23 | €11,740 | €7,872 | -€3,868 | -32.9% |
| Furniture and vehicles | 24 | €19,253 | €11,249 | -€8,004 | -41.6% |
| Financial fixed assets | 28 | €1,307 | €1,900 | +€592 | +45.3% |
| Current assets | 29/58 | €135,801 | €193,149 | +€57,348 | +42.2% |
| Amounts receivable within one year | 40/41 | €152 | €109,361 | +€109,209 | +72,085% |
| Trade receivables | 40 | €152 | €100 | -€52 | -34.0% |
| Other amounts receivable | 41 | €0 | €109,261 | +€109,261 | |
| Cash at bank and in hand | 54/58 | €134,243 | €82,305 | -€51,938 | -38.7% |
| Deferred charges and accrued income | 490/1 | €1,406 | €1,484 | +€77 | +5.5% |
| Total equity and liabilities | 10/49 | €168,101 | €214,169 | +€46,069 | +27.4% |
| Equity | 10/15 | €133,529 | €157,102 | +€23,572 | +17.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €123,529 | €147,102 | +€23,572 | +19.1% |
| Distributable reserves | 133 | €123,529 | €147,102 | +€23,572 | +19.1% |
| Amounts payable | 17/49 | €34,571 | €57,068 | +€22,497 | +65.1% |
| Amounts payable within one year | 42/48 | €34,571 | €57,006 | +€22,435 | +64.9% |
| Trade debts | 44 | €7,112 | €42,955 | +€35,843 | +504% |
| Suppliers | 440/4 | €7,112 | €42,955 | +€35,843 | +504% |
| Taxes, remuneration and social security | 45 | €20,401 | €14,051 | -€6,350 | -31.1% |
| Taxes | 450/3 | €20,401 | €14,051 | -€6,350 | -31.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,058 | €0 | -€7,058 | -100% |
| Accrued charges and deferred income | 492/3 | - | €62 | +€62 | |
| Remuneration, social security and pensions | 62 | €37,617 | €294 | -€37,323 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,856 | €13,182 | +€326 | +2.5% |
| Other operating charges | 640/8 | €3,028 | €3,963 | +€934 | +30.8% |
| Gross operating margin | 9900 | €99,784 | €55,765 | -€44,019 | -44.1% |
| Operating profit (loss) | 9901 | €46,283 | €38,327 | -€7,956 | -17.2% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €625 | €2,012 | +€1,387 | +222% |
| Recurring financial charges | 65 | €625 | €2,012 | +€1,387 | +222% |
| Profit (loss) for the period before taxes | 9903 | €45,658 | €36,331 | -€9,326 | -20.4% |
| Income taxes | 67/77 | €16,738 | €12,759 | -€3,979 | -23.8% |
| Profit (loss) for the period | 9904 | €28,919 | €23,572 | -€5,347 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,919 | €23,572 | -€5,347 | -18.5% |
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 21 October 2026 via checked.be.