STAAL PLUS: 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.
STAAL PLUS
Largest movements
- Cash +€61,186
up €61,186 (+78.1%), from €78,331 to €139,517
mainly Net result for the year (+€69,152) and Tax, wage and social debts (+€29,310)
- Receivables within one year +€25,512
up €25,512 (+195.1%), from €13,076 to €38,588
of which Trade receivables: +€27,372
- Stocks and contracts +€13,750
new in 2025: €13,750
- Tangible fixed assets -€8,221
down €8,221 (-11.1%), from €73,931 to €65,710
- Reserves +€69,400
up €69,400 (+105.2%), from €66,000 to €135,400
- Tax, wage and social debts +€29,310
up €29,310 (+161.1%), from €18,194 to €47,504
- Other debts -€5,724
down €5,724 (-8.2%), from €70,055 to €64,331
- Accrued charges and deferred income +€4,531
new in 2025: €4,531
- Trade debts -€4,300
down €4,300 (-46.7%), from €9,205 to €4,906
- Gross operating margin +€20,214
up €20,214 (+20.7%), from €97,547 to €117,761
- Taxes +€12,315
up €12,315 (+70.6%), from €17,451 to €29,766
- Financial charges +€4,526
up €4,526 (+8172.8%), from €55 to €4,581
- Depreciation +€1,791
up €1,791 (+16.5%), from €10,830 to €12,621
- Other operating charges -€1,454
down €1,454 (-47.0%), from €3,095 to €1,640
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 | €166,247 | €259,217 | +€92,969 | +55.9% |
| Fixed assets | 21/28 | €73,931 | €65,710 | -€8,221 | -11.1% |
| Tangible fixed assets | 22/27 | €73,931 | €65,710 | -€8,221 | -11.1% |
| Plant, machinery and equipment | 23 | €22,831 | €22,210 | -€622 | -2.7% |
| Furniture and vehicles | 24 | €14,624 | €11,009 | -€3,614 | -24.7% |
| Other tangible fixed assets | 26 | €36,476 | €32,491 | -€3,985 | -10.9% |
| Current assets | 29/58 | €92,316 | €193,507 | +€101,191 | +109.6% |
| Stocks and contracts in progress | 3 | - | €13,750 | +€13,750 | |
| Stocks | 30/36 | - | €13,750 | +€13,750 | |
| Amounts receivable within one year | 40/41 | €13,076 | €38,588 | +€25,512 | +195.1% |
| Trade receivables | 40 | €10,356 | €37,728 | +€27,372 | +264.3% |
| Other amounts receivable | 41 | €2,720 | €859 | -€1,860 | -68.4% |
| Cash at bank and in hand | 54/58 | €78,331 | €139,517 | +€61,186 | +78.1% |
| Deferred charges and accrued income | 490/1 | €909 | €1,652 | +€743 | +81.7% |
| Total equity and liabilities | 10/49 | €166,247 | €259,217 | +€92,969 | +55.9% |
| Equity | 10/15 | €68,794 | €137,946 | +€69,152 | +100.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €66,000 | €135,400 | +€69,400 | +105.2% |
| Distributable reserves | 133 | €66,000 | €135,400 | +€69,400 | +105.2% |
| Profit (loss) carried forward | 14 | €294 | €46 | -€248 | -84.5% |
| Amounts payable | 17/49 | €97,454 | €121,271 | +€23,817 | +24.4% |
| Amounts payable within one year | 42/48 | €97,454 | €116,740 | +€19,286 | +19.8% |
| Trade debts | 44 | €9,205 | €4,906 | -€4,300 | -46.7% |
| Suppliers | 440/4 | €9,205 | €4,906 | -€4,300 | -46.7% |
| Taxes, remuneration and social security | 45 | €18,194 | €47,504 | +€29,310 | +161.1% |
| Taxes | 450/3 | €18,194 | €47,504 | +€29,310 | +161.1% |
| Other amounts payable | 47/48 | €70,055 | €64,331 | -€5,724 | -8.2% |
| Accrued charges and deferred income | 492/3 | - | €4,531 | +€4,531 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,830 | €12,621 | +€1,791 | +16.5% |
| Other operating charges | 640/8 | €3,095 | €1,640 | -€1,454 | -47.0% |
| Gross operating margin | 9900 | €97,547 | €117,761 | +€20,214 | +20.7% |
| Operating profit (loss) | 9901 | €83,623 | €103,500 | +€19,877 | +23.8% |
| Financial income | 75/76B | €177 | €0 | -€177 | -100.0% |
| Recurring financial income | 75 | €177 | €0 | -€177 | -100.0% |
| Financial charges | 65/66B | €55 | €4,581 | +€4,526 | +8172.8% |
| Recurring financial charges | 65 | €55 | €4,581 | +€4,526 | +8172.8% |
| Profit (loss) for the period before taxes | 9903 | €83,745 | €98,918 | +€15,173 | +18.1% |
| Income taxes | 67/77 | €17,451 | €29,766 | +€12,315 | +70.6% |
| Profit (loss) for the period | 9904 | €66,294 | €69,152 | +€2,859 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,294 | €69,152 | +€2,859 | +4.3% |
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 12 October 2026 via checked.be.