LA STANZA: 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.
LA STANZA
Largest movements
- Tangible fixed assets -€62,716
down €62,716 (-17.2%), from €364,661 to €301,945
of which Land and buildings: -€37,399
- Stocks and contracts -€25,373
down €25,373 (-63.4%), from €40,018 to €14,645
- Receivables within one year +€15,220
up €15,220 (+20.1%), from €75,837 to €91,056
of which Other amounts receivable: +€17,336
- Cash -€6,900
down €6,900 (-11.3%), from €61,098 to €54,198
mainly Debts after one year (-€54,238) and Net result for the year (-€24,145)
- Debts after one year -€54,238
down €54,238 (-37.9%), from €142,955 to €88,717
- Reserves -€24,145
down €24,145 (-13.9%), from €173,855 to €149,710
- Tax, wage and social debts -€14,902
down €14,902 (-18.0%), from €82,758 to €67,856
of which Taxes: -€8,088
- Trade debts +€13,531
up €13,531 (+20.1%), from €67,162 to €80,692
- Staff costs +€66,889
up €66,889 (+21.7%), from €308,034 to €374,924
- Taxes -€9,932
down €9,932 (-97.7%), from €10,168 to €236
- Gross operating margin -€9,309
down €9,309 (-2.1%), from €445,752 to €436,443
- Depreciation +€7,441
up €7,441 (+11.8%), from €63,217 to €70,658
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.
Cash bridge derived
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 | €543,195 | €466,485 | -€76,710 | -14.1% |
| Fixed assets | 21/28 | €365,871 | €303,405 | -€62,466 | -17.1% |
| Tangible fixed assets | 22/27 | €364,661 | €301,945 | -€62,716 | -17.2% |
| Land and buildings | 22 | €228,738 | €191,338 | -€37,399 | -16.4% |
| Plant, machinery and equipment | 23 | €85,979 | €73,177 | -€12,802 | -14.9% |
| Furniture and vehicles | 24 | €49,944 | €37,431 | -€12,514 | -25.1% |
| Financial fixed assets | 28 | €1,210 | €1,460 | +€250 | +20.7% |
| Current assets | 29/58 | €177,324 | €163,080 | -€14,244 | -8.0% |
| Stocks and contracts in progress | 3 | €40,018 | €14,645 | -€25,373 | -63.4% |
| Stocks | 30/36 | €40,018 | €14,645 | -€25,373 | -63.4% |
| Amounts receivable within one year | 40/41 | €75,837 | €91,056 | +€15,220 | +20.1% |
| Trade receivables | 40 | €6,918 | €4,801 | -€2,117 | -30.6% |
| Other amounts receivable | 41 | €68,919 | €86,255 | +€17,336 | +25.2% |
| Cash at bank and in hand | 54/58 | €61,098 | €54,198 | -€6,900 | -11.3% |
| Deferred charges and accrued income | 490/1 | €371 | €3,180 | +€2,809 | +756.9% |
| Total equity and liabilities | 10/49 | €543,195 | €466,485 | -€76,710 | -14.1% |
| Equity | 10/15 | €188,655 | €164,510 | -€24,145 | -12.8% |
| Contributions | 10/11 | €14,800 | €14,800 | = | 0.0% |
| Reserves | 13 | €173,855 | €149,710 | -€24,145 | -13.9% |
| Distributable reserves | 133 | €173,855 | €149,710 | -€24,145 | -13.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €354,540 | €301,975 | -€52,565 | -14.8% |
| Amounts payable after more than one year | 17 | €142,955 | €88,717 | -€54,238 | -37.9% |
| Financial debts | 170/4 | €142,955 | €88,717 | -€54,238 | -37.9% |
| Amounts payable within one year | 42/48 | €211,585 | €213,258 | +€1,673 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €61,666 | €64,710 | +€3,044 | +4.9% |
| Trade debts | 44 | €67,162 | €80,692 | +€13,531 | +20.1% |
| Suppliers | 440/4 | €67,162 | €80,692 | +€13,531 | +20.1% |
| Taxes, remuneration and social security | 45 | €82,758 | €67,856 | -€14,902 | -18.0% |
| Taxes | 450/3 | €36,582 | €28,493 | -€8,088 | -22.1% |
| Remuneration and social security | 454/9 | €46,176 | €39,363 | -€6,813 | -14.8% |
| Remuneration, social security and pensions | 62 | €308,034 | €374,924 | +€66,889 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,217 | €70,658 | +€7,441 | +11.8% |
| Other operating charges | 640/8 | €6,181 | €5,854 | -€328 | -5.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €445,752 | €436,443 | -€9,309 | -2.1% |
| Operating profit (loss) | 9901 | €68,319 | -€14,992 | -€83,311 | |
| Financial income | 75/76B | €3,856 | €3,988 | +€132 | +3.4% |
| Recurring financial income | 75 | €3,856 | €3,988 | +€132 | +3.4% |
| Financial charges | 65/66B | €13,709 | €12,904 | -€804 | -5.9% |
| Recurring financial charges | 65 | €13,709 | €12,904 | -€804 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €58,465 | -€23,909 | -€82,374 | |
| Income taxes | 67/77 | €10,168 | €236 | -€9,932 | -97.7% |
| Profit (loss) for the period | 9904 | €48,297 | -€24,145 | -€72,442 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,297 | -€24,145 | -€72,442 |
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 11 October 2026 via checked.be.