STAD M: 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.
STAD M
Largest movements
- Receivables within one year -€147,040
down €147,040 (-96.1%), from €153,040 to €6,000
of which Trade receivables: -€116,073
- Stocks and contracts +€27,728
up €27,728 (+7.2%), from €387,056 to €414,783
- Tangible fixed assets -€11,758
down €11,758 (-25.8%), from €45,658 to €33,899
of which Plant, machinery and equipment: -€6,809
- Trade debts -€86,004
down €86,004 (-65.9%), from €130,451 to €44,447
- Short-term financial debts -€50,595
down €50,595 (-50.0%), from €101,141 to €50,546
- Profit (loss) carried forward +€34,868
up €34,868 (+51.0%), from €68,321 to €103,188
- Tax, wage and social debts +€12,831
up €12,831 (+165%), from €7,774 to €20,604
of which Taxes: +€12,831
- Debts after one year -€12,809
no longer reported in 2024 (was €12,809)
- Turnover +€1.8m
new in 2024: €1.8m
- Purchases and services +€1.8m
new in 2024: €1.8m
- Gross operating margin +€30,971
up €30,971 (+115%), from €26,887 to €57,858
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.
Derived cash bridge
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 | €596,567 | €471,378 | -€125,189 | -21.0% |
| Fixed assets | 21/28 | €45,683 | €33,924 | -€11,758 | -25.7% |
| Tangible fixed assets | 22/27 | €45,658 | €33,899 | -€11,758 | -25.8% |
| Plant, machinery and equipment | 23 | €34,099 | €27,290 | -€6,809 | -20.0% |
| Furniture and vehicles | 24 | €1,783 | €376 | -€1,406 | -78.9% |
| Other tangible fixed assets | 26 | €9,776 | €6,233 | -€3,543 | -36.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €550,884 | €437,453 | -€113,430 | -20.6% |
| Stocks and contracts in progress | 3 | €387,056 | €414,783 | +€27,728 | +7.2% |
| Stocks | 30/36 | €387,056 | €414,783 | +€27,728 | +7.2% |
| Amounts receivable within one year | 40/41 | €153,040 | €6,000 | -€147,040 | -96.1% |
| Trade receivables | 40 | €122,073 | €6,000 | -€116,073 | -95.1% |
| Other amounts receivable | 41 | €30,968 | - | -€30,968 | |
| Cash at bank and in hand | 54/58 | €4,309 | €10,191 | +€5,882 | +137% |
| Deferred charges and accrued income | 490/1 | €6,479 | €6,479 | = | 0.0% |
| Total equity and liabilities | 10/49 | €596,567 | €471,378 | -€125,189 | -21.0% |
| Equity | 10/15 | €130,141 | €165,008 | +€34,868 | +26.8% |
| Contributions | 10/11 | €56,200 | €56,200 | = | 0.0% |
| Reserves | 13 | €5,620 | €5,620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,620 | €5,620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,620 | €5,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,321 | €103,188 | +€34,868 | +51.0% |
| Amounts payable | 17/49 | €466,426 | €306,369 | -€160,057 | -34.3% |
| Amounts payable after more than one year | 17 | €12,809 | - | -€12,809 | |
| Financial debts | 170/4 | €12,809 | - | -€12,809 | |
| Amounts payable within one year | 42/48 | €453,617 | €306,369 | -€147,247 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €24,057 | €12,603 | -€11,454 | -47.6% |
| Financial debts | 43 | €101,141 | €50,546 | -€50,595 | -50.0% |
| Credit institutions | 430/8 | €101,141 | €50,546 | -€50,595 | -50.0% |
| Trade debts | 44 | €130,451 | €44,447 | -€86,004 | -65.9% |
| Suppliers | 440/4 | €130,451 | €44,447 | -€86,004 | -65.9% |
| Taxes, remuneration and social security | 45 | €7,774 | €20,604 | +€12,831 | +165% |
| Taxes | 450/3 | €3,475 | €16,306 | +€12,831 | +369% |
| Remuneration and social security | 454/9 | €4,299 | €4,299 | = | 0.0% |
| Other amounts payable | 47/48 | €190,195 | €178,170 | -€12,025 | -6.3% |
| Turnover | 70 | - | €1,808,351 | +€1.8m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,751,363 | +€1.8m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,758 | €11,758 | = | 0.0% |
| Other operating charges | 640/8 | €5,304 | €1,336 | -€3,968 | -74.8% |
| Non-recurring operating charges | 66A | €928 | €368 | -€560 | -60.3% |
| Gross operating margin | 9900 | €26,887 | €57,858 | +€30,971 | +115% |
| Operating profit (loss) | 9901 | €8,897 | €44,395 | +€35,499 | +399% |
| Financial income | 75/76B | €46 | €1 | -€45 | -97.5% |
| Recurring financial income | 75 | €46 | €1 | -€45 | -97.5% |
| Financial charges | 65/66B | €8,329 | €9,529 | +€1,200 | +14.4% |
| Recurring financial charges | 65 | €8,329 | €9,529 | +€1,200 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €614 | €34,868 | +€34,254 | +5,579% |
| Income taxes | 67/77 | €841 | - | -€841 | |
| Profit (loss) for the period | 9904 | -€227 | €34,868 | +€35,095 | |
| Profit (loss) for the period to be appropriated | 9905 | -€227 | €34,868 | +€35,095 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.