Staav: 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.
Staav
Largest movements
- Cash +€114,951
up €114,951 (+113%), from €101,316 to €216,267
mainly Current investments (+€100,000) and Net result for the year (+€55,287)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets +€33,663
up €33,663 (+39.5%), from €85,120 to €118,783
of which Furniture and vehicles: +€28,432
- Receivables within one year +€28,735
up €28,735 (+36.9%), from €77,802 to €106,537
of which Other amounts receivable: +€23,218
- Stocks and contracts +€20,293
up €20,293 (+67.8%), from €29,925 to €50,218
of which Contracts in progress: +€20,193
- Profit (loss) carried forward +€55,287
new in 2025: €55,287
- Debts after one year +€44,736
up €44,736 (+223%), from €20,078 to €64,813
- Current portion of long-term debt -€15,036
down €15,036 (-26.7%), from €56,219 to €41,183
- Trade debts +€14,307
up €14,307 (+84.3%), from €16,978 to €31,286
- Tax, wage and social debts +€13,384
up €13,384 (+39.9%), from €33,518 to €46,902
of which Remuneration and social security: +€20,574
- Staff costs +€109,203
up €109,203 (+91.0%), from €120,045 to €229,249
- Taxes -€25,418
down €25,418 (-56.5%), from €44,978 to €19,561
- Gross operating margin +€15,042
up €15,042 (+4.5%), from €334,781 to €349,823
- Depreciation +€8,284
up €8,284 (+24.3%), from €34,067 to €42,351
- Financial charges -€3,778
down €3,778 (-48.5%), from €7,797 to €4,018
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 | €414,480 | €506,646 | +€92,166 | +22.2% |
| Fixed assets | 21/28 | €102,377 | €130,378 | +€28,001 | +27.4% |
| Intangible fixed assets | 21 | €14,757 | €9,046 | -€5,711 | -38.7% |
| Tangible fixed assets | 22/27 | €85,120 | €118,783 | +€33,663 | +39.5% |
| Plant, machinery and equipment | 23 | €72,039 | €77,463 | +€5,424 | +7.5% |
| Furniture and vehicles | 24 | €11,949 | €40,381 | +€28,432 | +238% |
| Other tangible fixed assets | 26 | €1,133 | €940 | -€193 | -17.0% |
| Financial fixed assets | 28 | €2,500 | €2,549 | +€49 | +2.0% |
| Current assets | 29/58 | €312,103 | €376,267 | +€64,164 | +20.6% |
| Stocks and contracts in progress | 3 | €29,925 | €50,218 | +€20,293 | +67.8% |
| Stocks | 30/36 | €29,925 | €30,025 | +€100 | +0.3% |
| Contracts in progress | 37 | - | €20,193 | +€20,193 | |
| Amounts receivable within one year | 40/41 | €77,802 | €106,537 | +€28,735 | +36.9% |
| Trade receivables | 40 | €66,560 | €72,077 | +€5,517 | +8.3% |
| Other amounts receivable | 41 | €11,242 | €34,460 | +€23,218 | +207% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €101,316 | €216,267 | +€114,951 | +113% |
| Deferred charges and accrued income | 490/1 | €3,061 | €3,246 | +€185 | +6.1% |
| Total equity and liabilities | 10/49 | €414,480 | €506,646 | +€92,166 | +22.2% |
| Equity | 10/15 | €79,177 | €134,464 | +€55,287 | +69.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €59,177 | €59,177 | = | 0.0% |
| Distributable reserves | 133 | €59,177 | €59,177 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €55,287 | +€55,287 | |
| Amounts payable | 17/49 | €335,303 | €372,181 | +€36,878 | +11.0% |
| Amounts payable after more than one year | 17 | €20,078 | €64,813 | +€44,736 | +223% |
| Financial debts | 170/4 | €20,078 | €64,813 | +€44,736 | +223% |
| Amounts payable within one year | 42/48 | €303,578 | €307,368 | +€3,790 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €56,219 | €41,183 | -€15,036 | -26.7% |
| Trade debts | 44 | €16,978 | €31,286 | +€14,307 | +84.3% |
| Suppliers | 440/4 | €16,978 | €31,286 | +€14,307 | +84.3% |
| Taxes, remuneration and social security | 45 | €33,518 | €46,902 | +€13,384 | +39.9% |
| Taxes | 450/3 | €13,365 | €6,175 | -€7,190 | -53.8% |
| Remuneration and social security | 454/9 | €20,152 | €40,727 | +€20,574 | +102% |
| Other amounts payable | 47/48 | €196,864 | €187,998 | -€8,866 | -4.5% |
| Accrued charges and deferred income | 492/3 | €11,648 | - | -€11,648 | |
| Non-recurring operating income | 76A | €8,862 | - | -€8,862 | |
| Remuneration, social security and pensions | 62 | €120,045 | €229,249 | +€109,203 | +91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,067 | €42,351 | +€8,284 | +24.3% |
| Other operating charges | 640/8 | €1,558 | €1,126 | -€432 | -27.7% |
| Non-recurring operating charges | 66A | - | €597 | +€597 | |
| Gross operating margin | 9900 | €334,781 | €349,823 | +€15,042 | +4.5% |
| Operating profit (loss) | 9901 | €179,111 | €76,500 | -€102,611 | -57.3% |
| Financial income | 75/76B | €2,775 | €2,367 | -€409 | -14.7% |
| Recurring financial income | 75 | €2,775 | €2,367 | -€409 | -14.7% |
| Financial charges | 65/66B | €7,797 | €4,018 | -€3,778 | -48.5% |
| Recurring financial charges | 65 | €7,797 | €4,018 | -€3,778 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €174,090 | €74,848 | -€99,241 | -57.0% |
| Income taxes | 67/77 | €44,978 | €19,561 | -€25,418 | -56.5% |
| Profit (loss) for the period | 9904 | €129,111 | €55,287 | -€73,824 | -57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €129,111 | €55,287 | -€73,824 | -57.2% |
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 16 October 2026 via checked.be.