STAD: what changed
Two fiscal 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.
STAD
Largest movements
- Cash -€151,869
down €151,869 (-90.9%), from €167,018 to €15,149
mainly Investment in fixed assets (net) (-€177,224) and Net result for the year (-€40,689)
- Tangible fixed assets +€149,772
up €149,772 (+27.9%), from €536,651 to €686,422
- Receivables within one year -€70,685
down €70,685 (-100.0%), from €70,685 to €0
- Profit (loss) carried forward -€40,689
down €40,689 (-39.4%), from -€103,217 to -€143,906
- Debts after one year -€23,072
down €23,072 (-4.3%), from €539,011 to €515,939
- Gross operating margin +€7,460
up €7,460, from -€3,026 to €4,434
- Depreciation +€4,332
up €4,332 (+18.7%), from €23,121 to €27,452
- Financial charges +€1,131
up €1,131 (+7.4%), from €15,326 to €16,458
- Other operating charges +€840
up €840 (+122.5%), from €685 to €1,525
- Financial income +€313
new in 2024: €313
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €774,353 | €701,571 | -€72,782 | -9.4% |
| Fixed assets | 21/28 | €536,651 | €686,422 | +€149,772 | +27.9% |
| Tangible fixed assets | 22/27 | €536,651 | €686,422 | +€149,772 | +27.9% |
| Land and buildings | 22 | €536,651 | €686,422 | +€149,772 | +27.9% |
| Current assets | 29/58 | €237,703 | €15,149 | -€222,554 | -93.6% |
| Amounts receivable within one year | 40/41 | €70,685 | €0 | -€70,685 | -100.0% |
| Other amounts receivable | 41 | €70,685 | €0 | -€70,685 | -100.0% |
| Cash at bank and in hand | 54/58 | €167,018 | €15,149 | -€151,869 | -90.9% |
| Total equity and liabilities | 10/49 | €774,353 | €701,571 | -€72,782 | -9.4% |
| Equity | 10/15 | €196,783 | €156,094 | -€40,689 | -20.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,217 | -€143,906 | -€40,689 | -39.4% |
| Amounts payable | 17/49 | €577,570 | €545,477 | -€32,093 | -5.6% |
| Amounts payable after more than one year | 17 | €539,011 | €515,939 | -€23,072 | -4.3% |
| Financial debts | 170/4 | €539,011 | €515,939 | -€23,072 | -4.3% |
| Amounts payable within one year | 42/48 | €37,442 | €28,186 | -€9,256 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €24,227 | €24,964 | +€737 | +3.0% |
| Trade debts | 44 | €6,993 | €136 | -€6,857 | -98.0% |
| Suppliers | 440/4 | €6,993 | €136 | -€6,857 | -98.0% |
| Taxes, remuneration and social security | 45 | €5,670 | €2,534 | -€3,136 | -55.3% |
| Taxes | 450/3 | €5,670 | €2,534 | -€3,136 | -55.3% |
| Other amounts payable | 47/48 | €552 | €552 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,118 | €1,352 | +€234 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,121 | €27,452 | +€4,332 | +18.7% |
| Other operating charges | 640/8 | €685 | €1,525 | +€840 | +122.5% |
| Gross operating margin | 9900 | -€3,026 | €4,434 | +€7,460 | |
| Operating profit (loss) | 9901 | -€26,832 | -€24,543 | +€2,289 | +8.5% |
| Financial income | 75/76B | - | €313 | +€313 | |
| Recurring financial income | 75 | - | €313 | +€313 | |
| Financial charges | 65/66B | €15,326 | €16,458 | +€1,131 | +7.4% |
| Recurring financial charges | 65 | €15,326 | €16,458 | +€1,131 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | -€42,158 | -€40,689 | +€1,470 | +3.5% |
| Profit (loss) for the period | 9904 | -€42,158 | -€40,689 | +€1,470 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,158 | -€40,689 | +€1,470 | +3.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.