GERT STAS: 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.
GERT STAS
Largest movements
- Cash +€23,836
up €23,836 (+34.6%), from €68,921 to €92,757
mainly Net result for the year (+€45,849) and Tax, wage and social debts (+€7,336)
- Receivables within one year -€5,118
down €5,118 (-16.5%), from €31,019 to €25,902
of which Trade receivables: -€8,988
- Tangible fixed assets -€4,394
down €4,394 (-32.5%), from €13,522 to €9,128
of which Furniture and vehicles: -€4,250
- Deferred charges and accrued income +€4,205
up €4,205 (+20.3%), from €20,663 to €24,868
- Reserves +€45,800
up €45,800 (+101%), from €45,500 to €91,300
- Other debts -€24,000
no longer reported in 2025 (was €24,000)
- Tax, wage and social debts +€7,336
up €7,336 (+143%), from €5,148 to €12,483
- Trade debts -€6,412
down €6,412 (-98.1%), from €6,538 to €126
- Accrued charges and deferred income -€4,244
down €4,244 (-99.1%), from €4,284 to €41
- Gross operating margin +€28,395
up €28,395 (+66.6%), from €42,624 to €71,019
- Taxes +€15,792
up €15,792 (+469%), from €3,369 to €19,162
- Financial charges -€4,378
down €4,378 (-94.6%), from €4,626 to €248
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 | €136,786 | €155,315 | +€18,530 | +13.5% |
| Fixed assets | 21/28 | €16,182 | €11,789 | -€4,394 | -27.1% |
| Tangible fixed assets | 22/27 | €13,522 | €9,128 | -€4,394 | -32.5% |
| Plant, machinery and equipment | 23 | €1,690 | €1,547 | -€143 | -8.5% |
| Furniture and vehicles | 24 | €11,831 | €7,581 | -€4,250 | -35.9% |
| Financial fixed assets | 28 | €2,661 | €2,661 | = | 0.0% |
| Current assets | 29/58 | €120,603 | €143,526 | +€22,923 | +19.0% |
| Amounts receivable within one year | 40/41 | €31,019 | €25,902 | -€5,118 | -16.5% |
| Trade receivables | 40 | €25,700 | €16,712 | -€8,988 | -35.0% |
| Other amounts receivable | 41 | €5,319 | €9,190 | +€3,871 | +72.8% |
| Cash at bank and in hand | 54/58 | €68,921 | €92,757 | +€23,836 | +34.6% |
| Deferred charges and accrued income | 490/1 | €20,663 | €24,868 | +€4,205 | +20.3% |
| Total equity and liabilities | 10/49 | €136,786 | €155,315 | +€18,530 | +13.5% |
| Equity | 10/15 | €46,598 | €92,447 | +€45,849 | +98.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €45,500 | €91,300 | +€45,800 | +101% |
| Distributable reserves | 133 | €45,500 | €91,300 | +€45,800 | +101% |
| Profit (loss) carried forward | 14 | €98 | €147 | +€49 | +50.0% |
| Provisions and deferred taxes | 16 | €50,218 | €50,218 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,218 | €50,218 | = | 0.0% |
| Pensions and similar obligations | 160 | €50,218 | €50,218 | = | 0.0% |
| Amounts payable | 17/49 | €39,969 | €12,650 | -€27,319 | -68.4% |
| Amounts payable within one year | 42/48 | €35,685 | €12,610 | -€23,076 | -64.7% |
| Trade debts | 44 | €6,538 | €126 | -€6,412 | -98.1% |
| Suppliers | 440/4 | €6,538 | €126 | -€6,412 | -98.1% |
| Taxes, remuneration and social security | 45 | €5,148 | €12,483 | +€7,336 | +143% |
| Taxes | 450/3 | €5,148 | €12,483 | +€7,336 | +143% |
| Other amounts payable | 47/48 | €24,000 | - | -€24,000 | |
| Accrued charges and deferred income | 492/3 | €4,284 | €41 | -€4,244 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,082 | €5,306 | +€224 | +4.4% |
| Other operating charges | 640/8 | €617 | €571 | -€46 | -7.4% |
| Gross operating margin | 9900 | €42,624 | €71,019 | +€28,395 | +66.6% |
| Operating profit (loss) | 9901 | €36,925 | €65,142 | +€28,216 | +76.4% |
| Financial income | 75/76B | €41 | €117 | +€76 | +187% |
| Recurring financial income | 75 | €41 | €117 | +€76 | +187% |
| Financial charges | 65/66B | €4,626 | €248 | -€4,378 | -94.6% |
| Recurring financial charges | 65 | €4,626 | €248 | -€4,378 | -94.6% |
| Profit (loss) for the period before taxes | 9903 | €32,340 | €65,011 | +€32,671 | +101% |
| Income taxes | 67/77 | €3,369 | €19,162 | +€15,792 | +469% |
| Profit (loss) for the period | 9904 | €28,971 | €45,849 | +€16,878 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,971 | €45,849 | +€16,878 | +58.3% |
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 16 October 2026 via checked.be.