STADIM: 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.
STADIM
Largest movements
- Stocks and contracts +€762,706
up €762,706 (+114.1%), from €668,665 to €1.4m
- Cash +€180,372
up €180,372 (+31.8%), from €568,094 to €748,467
mainly Trade debts (+€502,382) and Current portion of long-term debt (+€232,329)
- Tangible fixed assets -€166,668
down €166,668 (-26.1%), from €639,431 to €472,763
of which Furniture and vehicles: -€155,972
- Receivables within one year +€70,816
up €70,816 (+6.0%), from €1.2m to €1.3m
of which Other amounts receivable: +€265,975
- Trade debts +€502,382
up €502,382 (+41.9%), from €1.2m to €1.7m
- Current portion of long-term debt +€232,329
up €232,329 (+240.4%), from €96,653 to €328,982
- Profit (loss) carried forward +€198,004
up €198,004 (+74.5%), from €265,804 to €463,808
- Tax, wage and social debts +€88,746
up €88,746 (+26.0%), from €340,860 to €429,606
of which Remuneration and social security: +€98,556
- Accrued charges and deferred income -€71,000
down €71,000 (-60.0%), from €118,333 to €47,333
- Gross operating margin +€479,837
up €479,837 (+14.9%), from €3.2m to €3.7m
- Staff costs +€332,494
up €332,494 (+11.9%), from €2.8m to €3.1m
- Write-downs -€59,609
down €59,609, from €40,483 to -€19,126
- Taxes +€52,551
up €52,551 (+85.0%), from €61,826 to €114,376
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.
Cash bridge derived
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 | €3,170,465 | €3,995,805 | +€825,340 | +26.0% |
| Fixed assets | 21/28 | €660,332 | €493,665 | -€166,668 | -25.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €639,431 | €472,763 | -€166,668 | -26.1% |
| Plant, machinery and equipment | 23 | €84,928 | €74,232 | -€10,695 | -12.6% |
| Furniture and vehicles | 24 | €554,503 | €398,531 | -€155,972 | -28.1% |
| Financial fixed assets | 28 | €20,902 | €20,902 | = | 0.0% |
| Current assets | 29/58 | €2,510,133 | €3,502,140 | +€992,007 | +39.5% |
| Stocks and contracts in progress | 3 | €668,665 | €1,431,371 | +€762,706 | +114.1% |
| Contracts in progress | 37 | €668,665 | €1,431,371 | +€762,706 | +114.1% |
| Amounts receivable within one year | 40/41 | €1,181,178 | €1,251,994 | +€70,816 | +6.0% |
| Trade receivables | 40 | €1,141,997 | €946,838 | -€195,159 | -17.1% |
| Other amounts receivable | 41 | €39,181 | €305,156 | +€265,975 | +678.8% |
| Cash at bank and in hand | 54/58 | €568,094 | €748,467 | +€180,372 | +31.8% |
| Deferred charges and accrued income | 490/1 | €92,195 | €70,308 | -€21,887 | -23.7% |
| Total equity and liabilities | 10/49 | €3,170,465 | €3,995,805 | +€825,340 | +26.0% |
| Equity | 10/15 | €925,487 | €1,123,491 | +€198,004 | +21.4% |
| Contributions | 10/11 | €119,494 | €119,494 | = | 0.0% |
| Reserves | 13 | €540,188 | €540,188 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,799 | €1,799 | = | 0.0% |
| Distributable reserves | 133 | €538,390 | €538,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | €265,804 | €463,808 | +€198,004 | +74.5% |
| Amounts payable | 17/49 | €2,244,978 | €2,872,314 | +€627,336 | +27.9% |
| Amounts payable after more than one year | 17 | €140,803 | €78,756 | -€62,048 | -44.1% |
| Financial debts | 170/4 | €140,803 | €78,756 | -€62,048 | -44.1% |
| Amounts payable within one year | 42/48 | €1,985,841 | €2,746,225 | +€760,384 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €96,653 | €328,982 | +€232,329 | +240.4% |
| Trade debts | 44 | €1,199,743 | €1,702,125 | +€502,382 | +41.9% |
| Suppliers | 440/4 | €1,199,743 | €1,702,125 | +€502,382 | +41.9% |
| Taxes, remuneration and social security | 45 | €340,860 | €429,606 | +€88,746 | +26.0% |
| Taxes | 450/3 | €16,606 | €6,796 | -€9,811 | -59.1% |
| Remuneration and social security | 454/9 | €324,254 | €422,810 | +€98,556 | +30.4% |
| Other amounts payable | 47/48 | €348,585 | €285,512 | -€63,072 | -18.1% |
| Accrued charges and deferred income | 492/3 | €118,333 | €47,333 | -€71,000 | -60.0% |
| Non-recurring operating income | 76A | €11,423 | €0 | -€11,423 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,804,718 | €3,137,211 | +€332,494 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239,013 | €230,091 | -€8,922 | -3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,483 | -€19,126 | -€59,609 | |
| Other operating charges | 640/8 | €37,631 | €31,297 | -€6,334 | -16.8% |
| Non-recurring operating charges | 66A | €872 | €2,658 | +€1,785 | +204.7% |
| Gross operating margin | 9900 | €3,222,964 | €3,702,801 | +€479,837 | +14.9% |
| Operating profit (loss) | 9901 | €100,247 | €320,670 | +€220,423 | +219.9% |
| Financial income | 75/76B | €6,195 | €5,602 | -€593 | -9.6% |
| Recurring financial income | 75 | €6,195 | €5,602 | -€593 | -9.6% |
| Financial charges | 65/66B | €11,001 | €13,892 | +€2,891 | +26.3% |
| Recurring financial charges | 65 | €11,001 | €13,892 | +€2,891 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €95,441 | €312,380 | +€216,939 | +227.3% |
| Income taxes | 67/77 | €61,826 | €114,376 | +€52,551 | +85.0% |
| Profit (loss) for the period | 9904 | €33,615 | €198,004 | +€164,388 | +489.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,615 | €198,004 | +€164,388 | +489.0% |
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 10 October 2026 via checked.be.