GORDON D. STAPLE: 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.
GORDON D. STAPLE
Largest movements
- Cash +€141,836
up €141,836 (+27.6%), from €513,494 to €655,330
mainly Net result for the year (+€95,728) and Depreciation (+€39,170)
- Receivables within one year -€24,241
down €24,241 (-40.5%), from €59,815 to €35,574
of which Trade receivables: -€27,440
- Tangible fixed assets -€24,073
down €24,073 (-6.6%), from €365,652 to €341,580
of which Land and buildings: -€21,605
- Stocks and contracts +€19,138
up €19,138 (+4.0%), from €475,549 to €494,687
- Reserves +€95,728
up €95,728 (+10.0%), from €958,789 to €1.1m
of which Distributable reserves: +€95,728
- Turnover +€92,681
up €92,681 (+5.6%), from €1.7m to €1.8m
- Staff costs +€61,164
up €61,164 (+15.4%), from €397,597 to €458,761
- Gross operating margin +€53,242
up €53,242 (+8.6%), from €619,923 to €673,166
- Purchases and services +€36,270
up €36,270 (+3.4%), from €1.1m to €1.1m
- Other operating charges -€23,111
down €23,111 (-24.7%), from €93,533 to €70,423
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 | €1,439,309 | €1,539,827 | +€100,518 | +7.0% |
| Fixed assets | 21/28 | €365,652 | €341,580 | -€24,073 | -6.6% |
| Tangible fixed assets | 22/27 | €365,652 | €341,580 | -€24,073 | -6.6% |
| Land and buildings | 22 | €245,252 | €223,646 | -€21,605 | -8.8% |
| Plant, machinery and equipment | 23 | €103,564 | €102,885 | -€679 | -0.7% |
| Furniture and vehicles | 24 | €16,836 | €15,048 | -€1,788 | -10.6% |
| Current assets | 29/58 | €1,073,656 | €1,198,247 | +€124,591 | +11.6% |
| Stocks and contracts in progress | 3 | €475,549 | €494,687 | +€19,138 | +4.0% |
| Stocks | 30/36 | €475,549 | €494,687 | +€19,138 | +4.0% |
| Amounts receivable within one year | 40/41 | €59,815 | €35,574 | -€24,241 | -40.5% |
| Trade receivables | 40 | €40,760 | €13,321 | -€27,440 | -67.3% |
| Other amounts receivable | 41 | €19,055 | €22,254 | +€3,199 | +16.8% |
| Current investments | 50/53 | €22 | €0 | -€22 | -100% |
| Cash at bank and in hand | 54/58 | €513,494 | €655,330 | +€141,836 | +27.6% |
| Deferred charges and accrued income | 490/1 | €24,776 | €12,656 | -€12,120 | -48.9% |
| Total equity and liabilities | 10/49 | €1,439,309 | €1,539,827 | +€100,518 | +7.0% |
| Equity | 10/15 | €1,023,789 | €1,119,517 | +€95,728 | +9.4% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €958,789 | €1,054,517 | +€95,728 | +10.0% |
| Non-distributable reserves | 130/1 | €6,371 | €6,371 | = | 0.0% |
| Legal reserve | 130 | €6,371 | €6,371 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,282 | €21,282 | = | 0.0% |
| Distributable reserves | 133 | €931,137 | €1,026,864 | +€95,728 | +10.3% |
| Amounts payable | 17/49 | €415,520 | €420,310 | +€4,791 | +1.2% |
| Amounts payable within one year | 42/48 | €415,520 | €420,310 | +€4,791 | +1.2% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €70,590 | €71,276 | +€686 | +1.0% |
| Suppliers | 440/4 | €70,590 | €71,276 | +€686 | +1.0% |
| Taxes, remuneration and social security | 45 | €94,930 | €99,035 | +€4,105 | +4.3% |
| Taxes | 450/3 | €55,707 | €69,670 | +€13,964 | +25.1% |
| Remuneration and social security | 454/9 | €39,223 | €29,365 | -€9,859 | -25.1% |
| Turnover | 70 | €1,662,818 | €1,755,498 | +€92,681 | +5.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,058,198 | €1,094,469 | +€36,270 | +3.4% |
| Remuneration, social security and pensions | 62 | €397,597 | €458,761 | +€61,164 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,274 | €39,170 | +€1,896 | +5.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €8,039 | -€3,888 | -€11,927 | |
| Other operating charges | 640/8 | €93,533 | €70,423 | -€23,111 | -24.7% |
| Gross operating margin | 9900 | €619,923 | €673,166 | +€53,242 | +8.6% |
| Operating profit (loss) | 9901 | €83,479 | €108,700 | +€25,221 | +30.2% |
| Financial income | 75/76B | €30,136 | €29,936 | -€200 | -0.7% |
| Recurring financial income | 75 | €30,136 | €29,936 | -€200 | -0.7% |
| Financial charges | 65/66B | €26,294 | €21,306 | -€4,988 | -19.0% |
| Recurring financial charges | 65 | €26,294 | €21,306 | -€4,988 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €87,321 | €117,330 | +€30,009 | +34.4% |
| Income taxes | 67/77 | €6,978 | €21,602 | +€14,624 | +210% |
| Profit (loss) for the period | 9904 | €80,343 | €95,728 | +€15,385 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €80,343 | €95,728 | +€15,385 | +19.1% |
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.