S.T.A.C.: 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.
S.T.A.C.
Largest movements
- Receivables within one year +€12,855
up €12,855 (+132%), from €9,713 to €22,568
of which Trade receivables: +€13,126
- Trade debts +€17,824
new in 2025: €17,824
- Other debts -€7,222
down €7,222 (-12.5%), from €57,870 to €50,648
- Profit (loss) carried forward +€2,559
up €2,559 (+3.6%), from -€71,942 to -€69,383
- Gross operating margin -€6,559
down €6,559 (-70.5%), from €9,308 to €2,749
- Other operating charges -€604
no longer reported in 2025 (was €604)
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 | €9,770 | €22,727 | +€12,957 | +133% |
| Fixed assets | 21/28 | €9 | €9 | = | 0.0% |
| Financial fixed assets | 28 | €9 | €9 | = | 0.0% |
| Current assets | 29/58 | €9,761 | €22,717 | +€12,957 | +133% |
| Amounts receivable within one year | 40/41 | €9,713 | €22,568 | +€12,855 | +132% |
| Trade receivables | 40 | €8,697 | €21,823 | +€13,126 | +151% |
| Other amounts receivable | 41 | €1,016 | €745 | -€271 | -26.7% |
| Cash at bank and in hand | 54/58 | €48 | €149 | +€101 | +211% |
| Total equity and liabilities | 10/49 | €9,770 | €22,727 | +€12,957 | +133% |
| Equity | 10/15 | -€51,491 | -€48,932 | +€2,559 | +5.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,942 | -€69,383 | +€2,559 | +3.6% |
| Amounts payable | 17/49 | €61,261 | €71,659 | +€10,398 | +17.0% |
| Amounts payable within one year | 42/48 | €61,261 | €71,659 | +€10,398 | +17.0% |
| Trade debts | 44 | - | €17,824 | +€17,824 | |
| Suppliers | 440/4 | - | €17,824 | +€17,824 | |
| Taxes, remuneration and social security | 45 | €3,391 | €3,186 | -€205 | -6.0% |
| Taxes | 450/3 | €3,391 | €3,186 | -€205 | -6.0% |
| Other amounts payable | 47/48 | €57,870 | €50,648 | -€7,222 | -12.5% |
| Other operating charges | 640/8 | €604 | - | -€604 | |
| Gross operating margin | 9900 | €9,308 | €2,749 | -€6,559 | -70.5% |
| Operating profit (loss) | 9901 | €8,704 | €2,749 | -€5,955 | -68.4% |
| Financial charges | 65/66B | €183 | €190 | +€7 | +4.0% |
| Recurring financial charges | 65 | €183 | €190 | +€7 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €8,522 | €2,559 | -€5,963 | -70.0% |
| Profit (loss) for the period | 9904 | €8,522 | €2,559 | -€5,963 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,522 | €2,559 | -€5,963 | -70.0% |
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.