STADSPARK: 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.
STADSPARK
Largest movements
- Receivables within one year +€117,704
up €117,704 (+12.2%), from €967,550 to €1.1m
of which Other amounts receivable: +€107,955
- Cash +€28,459
up €28,459 (+3.8%), from €753,799 to €782,259
mainly Net result for the year (+€247,462) and Trade debts (+€34,976)
- Profit (loss) carried forward +€213,735
up €213,735 (+62.8%), from -€340,440 to -€126,705
- Current portion of long-term debt -€54,904
down €54,904 (-92.1%), from €59,625 to €4,720
- Accrued charges and deferred income -€48,480
down €48,480 (-92.2%), from €52,570 to €4,090
- Trade debts +€34,976
up €34,976 (+30.4%), from €115,031 to €150,007
- Tax, wage and social debts -€34,529
down €34,529 (-2.2%), from €1.6m to €1.5m
of which Remuneration and social security: -€99,596
- Financial income +€165,581
up €165,581 (+867%), from €19,100 to €184,681
of which Non-recurring financial income: +€152,423
- Gross operating margin +€133,254
up €133,254 (+11.3%), from €1.2m to €1.3m
- Financial charges -€62,654
down €62,654 (-56.6%), from €110,766 to €48,112
- Staff costs +€39,221
up €39,221 (+3.6%), from €1.1m to €1.1m
- Other operating charges -€37,059
down €37,059 (-62.9%), from €58,905 to €21,846
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 | €1,872,502 | €2,011,675 | +€139,173 | +7.4% |
| Fixed assets | 21/28 | €129,680 | €123,007 | -€6,673 | -5.1% |
| Tangible fixed assets | 22/27 | €121,471 | €114,799 | -€6,673 | -5.5% |
| Land and buildings | 22 | €90,105 | €93,399 | +€3,294 | +3.7% |
| Plant, machinery and equipment | 23 | €31,366 | €21,399 | -€9,967 | -31.8% |
| Financial fixed assets | 28 | €8,209 | €8,209 | = | 0.0% |
| Current assets | 29/58 | €1,742,822 | €1,888,668 | +€145,846 | +8.4% |
| Stocks and contracts in progress | 3 | €20,600 | €20,300 | -€300 | -1.5% |
| Stocks | 30/36 | €20,600 | €20,300 | -€300 | -1.5% |
| Amounts receivable within one year | 40/41 | €967,550 | €1,085,254 | +€117,704 | +12.2% |
| Trade receivables | 40 | €16,617 | €26,366 | +€9,748 | +58.7% |
| Other amounts receivable | 41 | €950,933 | €1,058,889 | +€107,955 | +11.4% |
| Cash at bank and in hand | 54/58 | €753,799 | €782,259 | +€28,459 | +3.8% |
| Deferred charges and accrued income | 490/1 | €872 | €855 | -€17 | -2.0% |
| Total equity and liabilities | 10/49 | €1,872,502 | €2,011,675 | +€139,173 | +7.4% |
| Equity | 10/15 | -€233,874 | €13,587 | +€247,462 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €44,566 | €78,292 | +€33,727 | +75.7% |
| Non-distributable reserves | 130/1 | €3,331 | €3,331 | = | 0.0% |
| Legal reserve | 130 | €3,331 | €3,331 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €33,727 | +€33,727 | |
| Distributable reserves | 133 | €41,235 | €41,235 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€340,440 | -€126,705 | +€213,735 | +62.8% |
| Provisions and deferred taxes | 16 | €297,585 | €297,585 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €297,585 | €297,585 | = | 0.0% |
| Pensions and similar obligations | 160 | €14,000 | €14,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €283,585 | €283,585 | = | 0.0% |
| Amounts payable | 17/49 | €1,808,791 | €1,700,503 | -€108,289 | -6.0% |
| Amounts payable after more than one year | 17 | €5,308 | - | -€5,308 | |
| Financial debts | 170/4 | €5,308 | - | -€5,308 | |
| Amounts payable within one year | 42/48 | €1,750,913 | €1,696,413 | -€54,500 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €59,625 | €4,720 | -€54,904 | -92.1% |
| Trade debts | 44 | €115,031 | €150,007 | +€34,976 | +30.4% |
| Suppliers | 440/4 | €115,031 | €150,007 | +€34,976 | +30.4% |
| Taxes, remuneration and social security | 45 | €1,550,875 | €1,516,346 | -€34,529 | -2.2% |
| Taxes | 450/3 | €452,810 | €517,878 | +€65,067 | +14.4% |
| Remuneration and social security | 454/9 | €1,098,065 | €998,468 | -€99,596 | -9.1% |
| Other amounts payable | 47/48 | €25,383 | €25,340 | -€43 | -0.2% |
| Accrued charges and deferred income | 492/3 | €52,570 | €4,090 | -€48,480 | -92.2% |
| Non-recurring operating income | 76A | €4,520 | - | -€4,520 | |
| Remuneration, social security and pensions | 62 | €1,101,104 | €1,140,325 | +€39,221 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,238 | €20,086 | -€2,153 | -9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,741 | +€8,741 | |
| Other operating charges | 640/8 | €58,905 | €21,846 | -€37,059 | -62.9% |
| Non-recurring operating charges | 66A | €508 | - | -€508 | |
| Gross operating margin | 9900 | €1,182,939 | €1,316,193 | +€133,254 | +11.3% |
| Operating profit (loss) | 9901 | €184 | €125,196 | +€125,012 | +68,049% |
| Financial income | 75/76B | €19,100 | €184,681 | +€165,581 | +867% |
| Recurring financial income | 75 | €7,096 | €20,254 | +€13,158 | +185% |
| Non-recurring financial income | 76B | €12,004 | €164,427 | +€152,423 | +1,270% |
| Financial charges | 65/66B | €110,766 | €48,112 | -€62,654 | -56.6% |
| Recurring financial charges | 65 | €110,766 | €48,112 | -€62,654 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | -€91,483 | €261,765 | +€353,248 | |
| Income taxes | 67/77 | €301 | €14,303 | +€14,002 | +4,644% |
| Profit (loss) for the period | 9904 | -€91,784 | €247,462 | +€339,246 | |
| Transfer to tax-exempt reserves | 689 | - | €33,727 | +€33,727 | |
| Profit (loss) for the period to be appropriated | 9905 | -€91,784 | €213,735 | +€305,519 |
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 14 October 2026 via checked.be.