STADEC: 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.
STADEC
Largest movements
- Tangible fixed assets -€24,379
down €24,379 (-10.1%), from €242,440 to €218,061
of which Land and buildings: -€14,556
- Debts after one year -€69,900
down €69,900 (-7.6%), from €918,876 to €848,977
- Other debts +€49,876
up €49,876 (+235%), from €21,251 to €71,127
- Financial income -€90,000
no longer reported in 2025 (was €90,000)
- Gross operating margin -€29,166
down €29,166 (-43.7%), from €66,755 to €37,589
- Taxes -€14,990
down €14,990 (-85.4%), from €17,560 to €2,569
- Other operating charges -€1,974
down €1,974 (-77.0%), from €2,563 to €589
- Depreciation -€1,208
down €1,208 (-4.7%), from €25,587 to €24,379
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 | €1,903,242 | €1,880,309 | -€22,934 | -1.2% |
| Fixed assets | 21/28 | €1,884,762 | €1,860,383 | -€24,379 | -1.3% |
| Tangible fixed assets | 22/27 | €242,440 | €218,061 | -€24,379 | -10.1% |
| Land and buildings | 22 | €164,793 | €150,237 | -€14,556 | -8.8% |
| Plant, machinery and equipment | 23 | €77,647 | €67,825 | -€9,823 | -12.7% |
| Financial fixed assets | 28 | €1,642,322 | €1,642,322 | = | 0.0% |
| Current assets | 29/58 | €18,480 | €19,925 | +€1,445 | +7.8% |
| Amounts receivable within one year | 40/41 | €16,564 | €18,908 | +€2,344 | +14.2% |
| Trade receivables | 40 | €16,507 | €17,687 | +€1,180 | +7.1% |
| Other amounts receivable | 41 | €57 | €1,221 | +€1,164 | +2,035% |
| Cash at bank and in hand | 54/58 | - | €112 | +€112 | |
| Deferred charges and accrued income | 490/1 | €1,916 | €906 | -€1,010 | -52.7% |
| Total equity and liabilities | 10/49 | €1,903,242 | €1,880,309 | -€22,934 | -1.2% |
| Equity | 10/15 | €884,526 | €887,407 | +€2,881 | +0.3% |
| Contributions | 10/11 | €754,133 | €754,133 | = | 0.0% |
| Reserves | 13 | €130,393 | €133,274 | +€2,881 | +2.2% |
| Tax-exempt reserves | 132 | €3,512 | €3,512 | = | 0.0% |
| Distributable reserves | 133 | €126,881 | €129,762 | +€2,881 | +2.3% |
| Amounts payable | 17/49 | €1,018,716 | €992,901 | -€25,815 | -2.5% |
| Amounts payable after more than one year | 17 | €918,876 | €848,977 | -€69,900 | -7.6% |
| Financial debts | 170/4 | €918,876 | €848,977 | -€69,900 | -7.6% |
| Amounts payable within one year | 42/48 | €98,284 | €143,237 | +€44,953 | +45.7% |
| Current portion of amounts payable after more than one year | 42 | €58,844 | €60,440 | +€1,596 | +2.7% |
| Financial debts | 43 | €1,667 | - | -€1,667 | |
| Credit institutions | 430/8 | €1,667 | - | -€1,667 | |
| Trade debts | 44 | €7,833 | €3,705 | -€4,129 | -52.7% |
| Suppliers | 440/4 | €7,833 | €3,705 | -€4,129 | -52.7% |
| Advances received on contracts in progress | 46 | - | €454 | +€454 | |
| Taxes, remuneration and social security | 45 | €8,689 | €7,512 | -€1,177 | -13.5% |
| Taxes | 450/3 | €8,689 | €7,512 | -€1,177 | -13.5% |
| Other amounts payable | 47/48 | €21,251 | €71,127 | +€49,876 | +235% |
| Accrued charges and deferred income | 492/3 | €1,555 | €687 | -€868 | -55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,587 | €24,379 | -€1,208 | -4.7% |
| Other operating charges | 640/8 | €2,563 | €589 | -€1,974 | -77.0% |
| Gross operating margin | 9900 | €66,755 | €37,589 | -€29,166 | -43.7% |
| Operating profit (loss) | 9901 | €38,605 | €12,621 | -€25,984 | -67.3% |
| Financial income | 75/76B | €90,000 | - | -€90,000 | |
| Recurring financial income | 75 | €90,000 | - | -€90,000 | |
| Financial charges | 65/66B | €6,399 | €5,504 | -€894 | -14.0% |
| Recurring financial charges | 65 | €6,399 | €5,504 | -€894 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €122,206 | €7,117 | -€115,090 | -94.2% |
| Income taxes | 67/77 | €17,560 | €2,569 | -€14,990 | -85.4% |
| Profit (loss) for the period | 9904 | €104,646 | €4,547 | -€100,099 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €104,646 | €4,547 | -€100,099 | -95.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.