GU STASIK: 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.
GU STASIK
Largest movements
- Receivables within one year +€67,067
up €67,067 (+168%), from €39,829 to €106,896
of which Trade receivables: +€62,662
- Cash -€16,747
down €16,747 (-62.6%), from €26,749 to €10,003
mainly Receivables within one year (-€67,067) and Investment in fixed assets (net) (-€12,517)
- Tangible fixed assets -€2,668
down €2,668 (-5.1%), from €52,178 to €49,510
of which Leasing and similar rights: -€8,100
- Trade debts +€55,512
up €55,512 (+139%), from €39,887 to €95,400
- Debts after one year -€10,749
down €10,749 (-30.9%), from €34,745 to €23,995
- Short-term financial debts -€5,475
no longer reported in 2025 (was €5,475)
- Reserves +€5,000
up €5,000 (+25.0%), from €20,000 to €25,000
- Tax, wage and social debts +€1,825
up €1,825 (+109%), from €1,672 to €3,497
- Gross operating margin -€13,709
down €13,709 (-27.1%), from €50,553 to €36,844
- Depreciation +€8,090
up €8,090 (+113%), from €7,176 to €15,266
- Taxes -€4,179
down €4,179 (-44.5%), from €9,383 to €5,203
- Financial charges +€3,616
up €3,616 (+244%), from €1,481 to €5,098
- Other operating charges +€2,048
up €2,048 (+50.6%), from €4,050 to €6,099
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 | €119,638 | €168,051 | +€48,413 | +40.5% |
| Fixed assets | 21/28 | €53,060 | €50,310 | -€2,750 | -5.2% |
| Intangible fixed assets | 21 | €81 | - | -€81 | |
| Tangible fixed assets | 22/27 | €52,178 | €49,510 | -€2,668 | -5.1% |
| Plant, machinery and equipment | 23 | €2,665 | €3,183 | +€518 | +19.4% |
| Furniture and vehicles | 24 | €11,072 | €15,986 | +€4,914 | +44.4% |
| Leasing and similar rights | 25 | €38,442 | €30,342 | -€8,100 | -21.1% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €66,578 | €117,741 | +€51,162 | +76.8% |
| Amounts receivable within one year | 40/41 | €39,829 | €106,896 | +€67,067 | +168% |
| Trade receivables | 40 | €28,673 | €91,335 | +€62,662 | +219% |
| Other amounts receivable | 41 | €11,157 | €15,561 | +€4,404 | +39.5% |
| Cash at bank and in hand | 54/58 | €26,749 | €10,003 | -€16,747 | -62.6% |
| Deferred charges and accrued income | 490/1 | - | €842 | +€842 | |
| Total equity and liabilities | 10/49 | €119,638 | €168,051 | +€48,413 | +40.5% |
| Equity | 10/15 | €29,576 | €34,971 | +€5,395 | +18.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €25,000 | +€5,000 | +25.0% |
| Distributable reserves | 133 | €20,000 | €25,000 | +€5,000 | +25.0% |
| Profit (loss) carried forward | 14 | €8,576 | €8,971 | +€395 | +4.6% |
| Amounts payable | 17/49 | €90,062 | €133,080 | +€43,018 | +47.8% |
| Amounts payable after more than one year | 17 | €34,745 | €23,995 | -€10,749 | -30.9% |
| Financial debts | 170/4 | €34,745 | €23,995 | -€10,749 | -30.9% |
| Amounts payable within one year | 42/48 | €55,318 | €109,085 | +€53,767 | +97.2% |
| Current portion of amounts payable after more than one year | 42 | €7,181 | €7,652 | +€471 | +6.6% |
| Financial debts | 43 | €5,475 | - | -€5,475 | |
| Credit institutions | 430/8 | €5,475 | - | -€5,475 | |
| Trade debts | 44 | €39,887 | €95,400 | +€55,512 | +139% |
| Suppliers | 440/4 | €39,887 | €95,400 | +€55,512 | +139% |
| Taxes, remuneration and social security | 45 | €1,672 | €3,497 | +€1,825 | +109% |
| Taxes | 450/3 | €1,672 | €3,497 | +€1,825 | +109% |
| Other amounts payable | 47/48 | €1,102 | €2,536 | +€1,434 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,176 | €15,266 | +€8,090 | +113% |
| Other operating charges | 640/8 | €4,050 | €6,099 | +€2,048 | +50.6% |
| Gross operating margin | 9900 | €50,553 | €36,844 | -€13,709 | -27.1% |
| Operating profit (loss) | 9901 | €39,327 | €15,479 | -€23,847 | -60.6% |
| Financial income | 75/76B | €113 | €216 | +€103 | +91.2% |
| Recurring financial income | 75 | €113 | €216 | +€103 | +91.2% |
| Financial charges | 65/66B | €1,481 | €5,098 | +€3,616 | +244% |
| Recurring financial charges | 65 | €1,481 | €5,098 | +€3,616 | +244% |
| Profit (loss) for the period before taxes | 9903 | €37,958 | €10,598 | -€27,360 | -72.1% |
| Income taxes | 67/77 | €9,383 | €5,203 | -€4,179 | -44.5% |
| Profit (loss) for the period | 9904 | €28,576 | €5,395 | -€23,181 | -81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,576 | €5,395 | -€23,181 | -81.1% |
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 20 October 2026 via checked.be.