STADIUS: 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.
STADIUS
Largest movements
- Tangible fixed assets -€7,129
down €7,129 (-7.2%), from €98,664 to €91,535
- Cash +€5,701
up €5,701 (+31.1%), from €18,321 to €24,022
mainly Net result for the year (+€16,810) and Depreciation (+€7,129)
- Debts after one year -€21,588
down €21,588 (-23.6%), from €91,514 to €69,926
of which Financial debts: -€21,588
- Reserves +€16,810
up €16,810 (+249%), from €6,762 to €23,572
- Tax, wage and social debts +€2,845
up €2,845 (+2,627%), from €108 to €2,953
- Taxes +€4,736
up €4,736 (+152%), from €3,108 to €7,845
- Gross operating margin +€1,393
up €1,393 (+4.2%), from €32,948 to €34,341
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 | €116,985 | €115,557 | -€1,428 | -1.2% |
| Fixed assets | 21/28 | €98,664 | €91,535 | -€7,129 | -7.2% |
| Tangible fixed assets | 22/27 | €98,664 | €91,535 | -€7,129 | -7.2% |
| Land and buildings | 22 | €98,664 | €91,535 | -€7,129 | -7.2% |
| Current assets | 29/58 | €18,321 | €24,022 | +€5,701 | +31.1% |
| Cash at bank and in hand | 54/58 | €18,321 | €24,022 | +€5,701 | +31.1% |
| Total equity and liabilities | 10/49 | €116,985 | €115,557 | -€1,428 | -1.2% |
| Equity | 10/15 | €25,362 | €42,172 | +€16,810 | +66.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,762 | €23,572 | +€16,810 | +249% |
| Distributable reserves | 133 | €6,762 | €23,572 | +€16,810 | +249% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €91,623 | €73,385 | -€18,238 | -19.9% |
| Amounts payable after more than one year | 17 | €91,514 | €69,926 | -€21,588 | -23.6% |
| Financial debts | 170/4 | €84,014 | €62,426 | -€21,588 | -25.7% |
| Other amounts payable | 178/9 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €108 | €3,459 | +€3,351 | +3,094% |
| Trade debts | 44 | - | €506 | +€506 | |
| Suppliers | 440/4 | - | €506 | +€506 | |
| Taxes, remuneration and social security | 45 | €108 | €2,953 | +€2,845 | +2,627% |
| Taxes | 450/3 | €108 | €2,953 | +€2,845 | +2,627% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,129 | €7,129 | = | 0.0% |
| Other operating charges | 640/8 | €2,421 | €2,497 | +€76 | +3.1% |
| Gross operating margin | 9900 | €32,948 | €34,341 | +€1,393 | +4.2% |
| Operating profit (loss) | 9901 | €23,398 | €24,714 | +€1,317 | +5.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €59 | €60 | +€2 | +2.6% |
| Recurring financial charges | 65 | €59 | €60 | +€2 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €23,339 | €24,655 | +€1,315 | +5.6% |
| Income taxes | 67/77 | €3,108 | €7,845 | +€4,736 | +152% |
| Profit (loss) for the period | 9904 | €20,231 | €16,810 | -€3,421 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,231 | €16,810 | -€3,421 | -16.9% |
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 16 October 2026 via checked.be.