STACEGHEM: 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.
STACEGHEM
Largest movements
- Stocks and contracts +€44,000
up €44,000 (+84.6%), from €51,997 to €95,997
- Receivables within one year +€25,519
up €25,519 (+92.9%), from €27,480 to €52,999
of which Trade receivables: +€25,519
- Tangible fixed assets +€13,801
up €13,801 (+4.9%), from €283,618 to €297,419
of which Other tangible fixed assets: +€28,396
- Trade debts +€58,943
up €58,943 (+64.7%), from €91,050 to €149,993
- Debts after one year +€12,820
up €12,820 (+6.7%), from €192,676 to €205,495
- Gross operating margin -€47,069
down €47,069 (-50.5%), from €93,240 to €46,172
- Taxes -€11,357
down €11,357 (-78.0%), from €14,563 to €3,206
- Financial charges -€2,552
down €2,552 (-16.3%), from €15,687 to €13,134
- Depreciation +€1,567
up €1,567 (+6.6%), from €23,675 to €25,242
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 | €650,420 | €722,722 | +€72,301 | +11.1% |
| Fixed assets | 21/28 | €544,128 | €557,929 | +€13,801 | +2.5% |
| Tangible fixed assets | 22/27 | €283,618 | €297,419 | +€13,801 | +4.9% |
| Land and buildings | 22 | €184,997 | €180,257 | -€4,740 | -2.6% |
| Plant, machinery and equipment | 23 | €40,661 | €33,712 | -€6,949 | -17.1% |
| Furniture and vehicles | 24 | €10,059 | €7,153 | -€2,906 | -28.9% |
| Other tangible fixed assets | 26 | €47,901 | €76,297 | +€28,396 | +59.3% |
| Financial fixed assets | 28 | €260,510 | €260,510 | = | 0.0% |
| Current assets | 29/58 | €106,292 | €164,793 | +€58,500 | +55.0% |
| Stocks and contracts in progress | 3 | €51,997 | €95,997 | +€44,000 | +84.6% |
| Stocks | 30/36 | €51,997 | €95,997 | +€44,000 | +84.6% |
| Amounts receivable within one year | 40/41 | €27,480 | €52,999 | +€25,519 | +92.9% |
| Trade receivables | 40 | €27,480 | €52,999 | +€25,519 | +92.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €14,356 | €9,428 | -€4,928 | -34.3% |
| Deferred charges and accrued income | 490/1 | €12,459 | €6,368 | -€6,091 | -48.9% |
| Total equity and liabilities | 10/49 | €650,420 | €722,722 | +€72,301 | +11.1% |
| Equity | 10/15 | €264,866 | €265,559 | +€693 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €246,147 | €246,959 | +€812 | +0.3% |
| Distributable reserves | 133 | €246,147 | €246,959 | +€812 | +0.3% |
| Profit (loss) carried forward | 14 | €119 | €0 | -€119 | -100% |
| Amounts payable | 17/49 | €385,554 | €457,163 | +€71,608 | +18.6% |
| Amounts payable after more than one year | 17 | €192,676 | €205,495 | +€12,820 | +6.7% |
| Financial debts | 170/4 | €192,676 | €205,495 | +€12,820 | +6.7% |
| Amounts payable within one year | 42/48 | €190,302 | €250,933 | +€60,631 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €20,989 | €16,774 | -€4,215 | -20.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €91,050 | €149,993 | +€58,943 | +64.7% |
| Suppliers | 440/4 | €91,050 | €149,993 | +€58,943 | +64.7% |
| Taxes, remuneration and social security | 45 | €9,717 | €14,370 | +€4,653 | +47.9% |
| Taxes | 450/3 | €9,717 | €14,370 | +€4,653 | +47.9% |
| Other amounts payable | 47/48 | €68,546 | €69,795 | +€1,249 | +1.8% |
| Accrued charges and deferred income | 492/3 | €2,576 | €735 | -€1,842 | -71.5% |
| Non-recurring operating income | 76A | €12,056 | €0 | -€12,056 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,675 | €25,242 | +€1,567 | +6.6% |
| Other operating charges | 640/8 | €3,567 | €3,899 | +€332 | +9.3% |
| Non-recurring operating charges | 66A | €8,571 | €0 | -€8,571 | -100% |
| Gross operating margin | 9900 | €93,240 | €46,172 | -€47,069 | -50.5% |
| Operating profit (loss) | 9901 | €57,426 | €17,031 | -€40,396 | -70.3% |
| Financial income | 75/76B | €66 | €3 | -€63 | -96.1% |
| Recurring financial income | 75 | €66 | €3 | -€63 | -96.1% |
| Financial charges | 65/66B | €15,687 | €13,134 | -€2,552 | -16.3% |
| Recurring financial charges | 65 | €15,687 | €13,134 | -€2,552 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €41,805 | €3,899 | -€37,907 | -90.7% |
| Income taxes | 67/77 | €14,563 | €3,206 | -€11,357 | -78.0% |
| Profit (loss) for the period | 9904 | €27,242 | €693 | -€26,549 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,242 | €693 | -€26,549 | -97.5% |
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 17 October 2026 via checked.be.