STAAL POLS: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
STAAL POLS
Largest movements
- Receivables after one year +€85,900
new in 2025: €85,900
- Cash +€17,993
up €17,993 (+19.8%), from €90,645 to €108,638
mainly Net result for the year (+€86,949) and Other debts (+€32,204)
- Tangible fixed assets -€8,658
down €8,658 (-78.3%), from €11,058 to €2,400
of which Furniture and vehicles: -€7,881
- Receivables within one year -€6,860
down €6,860 (-25.3%), from €27,113 to €20,253
of which Other amounts receivable: -€14,506
- Deferred charges and accrued income +€2,985
new in 2025: €2,985
- Reserves +€36,949
up €36,949 (+37.4%), from €98,765 to €135,714
- Other debts +€32,204
up €32,204 (+166%), from €19,372 to €51,576
- Tax, wage and social debts +€23,459
up €23,459 (+286%), from €8,193 to €31,652
of which Taxes: +€25,959
- Gross operating margin +€86,085
up €86,085 (+230%), from €37,452 to €123,537
- Taxes +€25,959
up €25,959 (+456%), from €5,693 to €31,652
- Depreciation -€7,484
down €7,484 (-68.0%), from €11,013 to €3,529
- Staff costs +€3,773
new in 2025: €3,773
- Financial income +€2,985
new in 2025: €2,985
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,816 | €220,176 | +€91,360 | +70.9% |
| Fixed assets | 21/28 | €11,058 | €2,400 | -€8,658 | -78.3% |
| Tangible fixed assets | 22/27 | €11,058 | €2,400 | -€8,658 | -78.3% |
| Plant, machinery and equipment | 23 | €2,879 | €2,102 | -€777 | -27.0% |
| Furniture and vehicles | 24 | €8,179 | €297 | -€7,881 | -96.4% |
| Current assets | 29/58 | €117,759 | €217,776 | +€100,018 | +84.9% |
| Amounts receivable after more than one year | 29 | - | €85,900 | +€85,900 | |
| Trade receivables | 290 | - | €85,900 | +€85,900 | |
| Amounts receivable within one year | 40/41 | €27,113 | €20,253 | -€6,860 | -25.3% |
| Trade receivables | 40 | €9,944 | €17,590 | +€7,646 | +76.9% |
| Other amounts receivable | 41 | €17,169 | €2,664 | -€14,506 | -84.5% |
| Cash at bank and in hand | 54/58 | €90,645 | €108,638 | +€17,993 | +19.8% |
| Deferred charges and accrued income | 490/1 | - | €2,985 | +€2,985 | |
| Total equity and liabilities | 10/49 | €128,816 | €220,176 | +€91,360 | +70.9% |
| Equity | 10/15 | €99,265 | €136,214 | +€36,949 | +37.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €98,765 | €135,714 | +€36,949 | +37.4% |
| Distributable reserves | 133 | €98,765 | €135,714 | +€36,949 | +37.4% |
| Amounts payable | 17/49 | €29,551 | €83,962 | +€54,410 | +184% |
| Amounts payable within one year | 42/48 | €29,551 | €83,962 | +€54,410 | +184% |
| Trade debts | 44 | €1,986 | €734 | -€1,252 | -63.0% |
| Suppliers | 440/4 | €1,986 | €734 | -€1,252 | -63.0% |
| Taxes, remuneration and social security | 45 | €8,193 | €31,652 | +€23,459 | +286% |
| Taxes | 450/3 | €5,693 | €31,652 | +€25,959 | +456% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €19,372 | €51,576 | +€32,204 | +166% |
| Non-recurring operating income | 76A | €7,973 | €91,844 | +€83,870 | +1,052% |
| Remuneration, social security and pensions | 62 | - | €3,773 | +€3,773 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,013 | €3,529 | -€7,484 | -68.0% |
| Other operating charges | 640/8 | €278 | €448 | +€170 | +61.0% |
| Gross operating margin | 9900 | €37,452 | €123,537 | +€86,085 | +230% |
| Operating profit (loss) | 9901 | €26,161 | €115,787 | +€89,626 | +343% |
| Financial income | 75/76B | - | €2,985 | +€2,985 | |
| Recurring financial income | 75 | - | €2,985 | +€2,985 | |
| Financial charges | 65/66B | €104 | €171 | +€67 | +64.6% |
| Recurring financial charges | 65 | €104 | €171 | +€67 | +64.6% |
| Profit (loss) for the period before taxes | 9903 | €26,057 | €118,601 | +€92,544 | +355% |
| Income taxes | 67/77 | €5,693 | €31,652 | +€25,959 | +456% |
| Profit (loss) for the period | 9904 | €20,364 | €86,949 | +€66,585 | +327% |
| Profit (loss) for the period to be appropriated | 9905 | €20,364 | €86,949 | +€66,585 | +327% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.