Le Stasu: 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.
Le Stasu
Largest movements
- Cash -€669,614
down €669,614 (-78.4%), from €853,884 to €184,270
mainly Contributions, distributions and other (-€1.6m) and Tax, wage and social debts (-€316,633)
- Receivables within one year -€236,470
down €236,470 (-40.5%), from €583,828 to €347,359
of which Trade receivables: -€200,190
- Current investments +€21,000
up €21,000 (+84.0%), from €25,000 to €46,000
- Tangible fixed assets -€19,101
down €19,101 (-20.1%), from €95,131 to €76,030
- Reserves -€1.2m
down €1.2m (-100%), from €1.2m to €0
- Other debts +€626,660
up €626,660 (+1,253,320%), from €50 to €626,710
- Tax, wage and social debts -€316,633
down €316,633 (-92.3%), from €342,920 to €26,288
of which Taxes: -€316,633
- Gross operating margin -€443,266
down €443,266 (-43.5%), from €1.0m to €574,694
- Taxes -€113,630
down €113,630 (-45.9%), from €247,796 to €134,166
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 | €1,558,507 | €654,329 | -€904,179 | -58.0% |
| Fixed assets | 21/28 | €95,131 | €76,030 | -€19,101 | -20.1% |
| Tangible fixed assets | 22/27 | €95,131 | €76,030 | -€19,101 | -20.1% |
| Furniture and vehicles | 24 | €95,131 | €76,030 | -€19,101 | -20.1% |
| Current assets | 29/58 | €1,463,377 | €578,299 | -€885,078 | -60.5% |
| Amounts receivable within one year | 40/41 | €583,828 | €347,359 | -€236,470 | -40.5% |
| Trade receivables | 40 | €536,715 | €336,525 | -€200,190 | -37.3% |
| Other amounts receivable | 41 | €47,113 | €10,834 | -€36,280 | -77.0% |
| Current investments | 50/53 | €25,000 | €46,000 | +€21,000 | +84.0% |
| Cash at bank and in hand | 54/58 | €853,884 | €184,270 | -€669,614 | -78.4% |
| Deferred charges and accrued income | 490/1 | €664 | €670 | +€6 | +0.9% |
| Total equity and liabilities | 10/49 | €1,558,507 | €654,329 | -€904,179 | -58.0% |
| Equity | 10/15 | €1,214,886 | €1,000 | -€1.2m | -99.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,213,886 | €0 | -€1.2m | -100% |
| Distributable reserves | 133 | €1,213,886 | €0 | -€1.2m | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €343,621 | €653,329 | +€309,707 | +90.1% |
| Amounts payable within one year | 42/48 | €343,621 | €653,329 | +€309,707 | +90.1% |
| Trade debts | 44 | €651 | €331 | -€320 | -49.2% |
| Suppliers | 440/4 | €651 | €331 | -€320 | -49.2% |
| Taxes, remuneration and social security | 45 | €342,920 | €26,288 | -€316,633 | -92.3% |
| Taxes | 450/3 | €340,320 | €23,688 | -€316,633 | -93.0% |
| Remuneration and social security | 454/9 | €2,600 | €2,600 | = | 0.0% |
| Other amounts payable | 47/48 | €50 | €626,710 | +€626,660 | +1,253,320% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,778 | €21,837 | +€8,058 | +58.5% |
| Other operating charges | 640/8 | €1,329 | €1,238 | -€91 | -6.9% |
| Gross operating margin | 9900 | €1,017,959 | €574,694 | -€443,266 | -43.5% |
| Operating profit (loss) | 9901 | €1,002,852 | €551,619 | -€451,232 | -45.0% |
| Financial income | 75/76B | €5,905 | €59 | -€5,846 | -99.0% |
| Recurring financial income | 75 | €5,905 | €59 | -€5,846 | -99.0% |
| Financial charges | 65/66B | €111 | €85 | -€26 | -23.7% |
| Recurring financial charges | 65 | €111 | €85 | -€26 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €1,008,646 | €551,594 | -€457,052 | -45.3% |
| Income taxes | 67/77 | €247,796 | €134,166 | -€113,630 | -45.9% |
| Profit (loss) for the period | 9904 | €760,850 | €417,427 | -€343,423 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €760,850 | €417,427 | -€343,423 | -45.1% |
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 30 October 2026 via checked.be.