Stadeno: 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.
Stadeno
Largest movements
- Cash +€22,076
up €22,076 (+58.0%), from €38,043 to €60,119
mainly Total equity and liabilities (+€27,711) and Net result for the year (+€6,619)
- Receivables within one year +€6,003
up €6,003 (+46.3%), from €12,978 to €18,981
of which Other amounts receivable: +€5,981
- Total equity and liabilities +€27,711
up €27,711 (+12.9%), from €215,472 to €243,183
of which Debts: +€21,092
- Gross operating margin -€21,892
down €21,892 (-44.0%), from €49,703 to €27,812
- Financial charges +€11,062
up €11,062 (+334%), from €3,312 to €14,375
- Taxes -€9,409
down €9,409 (-61.0%), from €15,428 to €6,019
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 | €215,472 | €243,183 | +€27,711 | +12.9% |
| Fixed assets | 21/28 | €163,196 | €162,541 | -€655 | -0.4% |
| Tangible fixed assets | 22/27 | €1,140 | €485 | -€655 | -57.5% |
| Furniture and vehicles | 24 | €1,140 | €485 | -€655 | -57.5% |
| Financial fixed assets | 28 | €162,056 | €162,056 | = | 0.0% |
| Current assets | 29/58 | €52,276 | €80,642 | +€28,366 | +54.3% |
| Amounts receivable within one year | 40/41 | €12,978 | €18,981 | +€6,003 | +46.3% |
| Trade receivables | 40 | €12,978 | €13,000 | +€22 | +0.2% |
| Other amounts receivable | 41 | - | €5,981 | +€5,981 | |
| Cash at bank and in hand | 54/58 | €38,043 | €60,119 | +€22,076 | +58.0% |
| Deferred charges and accrued income | 490/1 | €1,255 | €1,542 | +€287 | +22.9% |
| Total equity and liabilities | 10/49 | €215,472 | €243,183 | +€27,711 | +12.9% |
| Equity | 10/15 | €34,983 | €40,426 | +€5,443 | +15.6% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €30,307 | €36,926 | +€6,619 | +21.8% |
| Distributable reserves | 133 | €30,307 | €36,926 | +€6,619 | +21.8% |
| Profit (loss) carried forward | 14 | €21,483 | - | -€21,483 | |
| Amounts payable | 17/49 | €181,665 | €202,756 | +€21,092 | +11.6% |
| Amounts payable after more than one year | 17 | €62,056 | €66,664 | +€4,608 | +7.4% |
| Financial debts | 170/4 | €62,056 | €66,664 | +€4,608 | +7.4% |
| Amounts payable within one year | 42/48 | €119,609 | €135,342 | +€15,734 | +13.2% |
| Trade debts | 44 | €1,351 | €4,242 | +€2,891 | +214% |
| Suppliers | 440/4 | €1,351 | €4,242 | +€2,891 | +214% |
| Taxes, remuneration and social security | 45 | €7,847 | €13,709 | +€5,862 | +74.7% |
| Taxes | 450/3 | €7,847 | €12,845 | +€4,998 | +63.7% |
| Remuneration and social security | 454/9 | - | €864 | +€864 | |
| Other amounts payable | 47/48 | €110,411 | €117,392 | +€6,981 | +6.3% |
| Accrued charges and deferred income | 492/3 | - | €750 | +€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €826 | €655 | -€171 | -20.7% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €49,703 | €27,812 | -€21,892 | -44.0% |
| Operating profit (loss) | 9901 | €48,878 | €27,012 | -€21,865 | -44.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,312 | €14,375 | +€11,062 | +334% |
| Recurring financial charges | 65 | €3,312 | €14,375 | +€11,062 | +334% |
| Profit (loss) for the period before taxes | 9903 | €45,735 | €12,638 | -€33,098 | -72.4% |
| Income taxes | 67/77 | €15,428 | €6,019 | -€9,409 | -61.0% |
| Profit (loss) for the period | 9904 | €31,483 | €6,619 | -€24,864 | -79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,483 | €6,619 | -€24,864 | -79.0% |
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.