STAEHH: 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.
STAEHH
Largest movements
- Cash -€15,246
down €15,246 (-22.3%), from €68,380 to €53,134
mainly Contributions, distributions and other (-€59,519) and Other debts (-€18,409)
- Tangible fixed assets -€7,601
down €7,601 (-28.6%), from €26,606 to €19,005
- Other debts -€18,409
down €18,409 (-23.5%), from €78,190 to €59,782
- Debts after one year -€8,077
down €8,077 (-59.3%), from €13,627 to €5,550
- Tax, wage and social debts +€2,977
up €2,977 (+37.5%), from €7,941 to €10,918
of which Taxes: +€2,977
- Depreciation +€3,532
up €3,532 (+86.8%), from €4,069 to €7,601
- Gross operating margin +€1,438
up €1,438 (+1.7%), from €83,039 to €84,477
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 | €111,129 | €88,452 | -€22,677 | -20.4% |
| Fixed assets | 21/28 | €26,606 | €19,005 | -€7,601 | -28.6% |
| Tangible fixed assets | 22/27 | €26,606 | €19,005 | -€7,601 | -28.6% |
| Furniture and vehicles | 24 | €26,606 | €19,005 | -€7,601 | -28.6% |
| Current assets | 29/58 | €84,523 | €69,447 | -€15,076 | -17.8% |
| Amounts receivable within one year | 40/41 | €15,319 | €15,432 | +€113 | +0.7% |
| Trade receivables | 40 | €10,994 | €11,163 | +€169 | +1.5% |
| Other amounts receivable | 41 | €4,324 | €4,268 | -€56 | -1.3% |
| Cash at bank and in hand | 54/58 | €68,380 | €53,134 | -€15,246 | -22.3% |
| Deferred charges and accrued income | 490/1 | €824 | €881 | +€57 | +6.9% |
| Total equity and liabilities | 10/49 | €111,129 | €88,452 | -€22,677 | -20.4% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €109,129 | €86,452 | -€22,677 | -20.8% |
| Amounts payable after more than one year | 17 | €13,627 | €5,550 | -€8,077 | -59.3% |
| Financial debts | 170/4 | €13,627 | €5,550 | -€8,077 | -59.3% |
| Amounts payable within one year | 42/48 | €94,542 | €79,942 | -€14,600 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €7,789 | €8,077 | +€288 | +3.7% |
| Trade debts | 44 | €622 | €1,165 | +€543 | +87.4% |
| Suppliers | 440/4 | €622 | €1,165 | +€543 | +87.4% |
| Taxes, remuneration and social security | 45 | €7,941 | €10,918 | +€2,977 | +37.5% |
| Taxes | 450/3 | €7,941 | €10,918 | +€2,977 | +37.5% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €78,190 | €59,782 | -€18,409 | -23.5% |
| Accrued charges and deferred income | 492/3 | €960 | €960 | = | 0.0% |
| Non-recurring operating income | 76A | €3,306 | - | -€3,306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,069 | €7,601 | +€3,532 | +86.8% |
| Other operating charges | 640/8 | €1,416 | €697 | -€719 | -50.8% |
| Gross operating margin | 9900 | €83,039 | €84,477 | +€1,438 | +1.7% |
| Operating profit (loss) | 9901 | €77,553 | €76,179 | -€1,374 | -1.8% |
| Financial charges | 65/66B | €532 | €928 | +€396 | +74.5% |
| Recurring financial charges | 65 | €532 | €928 | +€396 | +74.5% |
| Profit (loss) for the period before taxes | 9903 | €77,021 | €75,251 | -€1,771 | -2.3% |
| Income taxes | 67/77 | €15,676 | €15,732 | +€56 | +0.4% |
| Profit (loss) for the period | 9904 | €61,346 | €59,519 | -€1,827 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,346 | €59,519 | -€1,827 | -3.0% |
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 21 October 2026 via checked.be.