STAEL CONSULTING: 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.
STAEL CONSULTING
Largest movements
- Tangible fixed assets -€18,784
down €18,784 (-2.7%), from €693,141 to €674,357
- Cash -€9,301
down €9,301 (-93.2%), from €9,983 to €682
mainly Tax, wage and social debts (-€59,750) and Debts after one year (-€37,948)
- Other debts +€71,931
up €71,931 (+166%), from €43,409 to €115,340
- Tax, wage and social debts -€59,750
down €59,750 (-78.6%), from €76,011 to €16,261
of which Taxes: -€63,520
- Debts after one year -€37,948
down €37,948 (-9.3%), from €409,361 to €371,413
- Gross operating margin -€145,644
down €145,644 (-77.3%), from €188,495 to €42,851
- Taxes -€36,830
down €36,830 (-93.4%), from €39,431 to €2,601
- Financial charges +€3,113
up €3,113 (+16.6%), from €18,793 to €21,906
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 | €739,424 | €712,204 | -€27,220 | -3.7% |
| Fixed assets | 21/28 | €693,619 | €674,835 | -€18,784 | -2.7% |
| Tangible fixed assets | 22/27 | €693,141 | €674,357 | -€18,784 | -2.7% |
| Land and buildings | 22 | €645,513 | €640,749 | -€4,763 | -0.7% |
| Plant, machinery and equipment | 23 | €28,342 | €20,058 | -€8,283 | -29.2% |
| Furniture and vehicles | 24 | €19,286 | €13,549 | -€5,737 | -29.7% |
| Financial fixed assets | 28 | €478 | €478 | = | 0.0% |
| Current assets | 29/58 | €45,806 | €37,369 | -€8,437 | -18.4% |
| Amounts receivable within one year | 40/41 | €35,823 | €36,687 | +€864 | +2.4% |
| Trade receivables | 40 | €31,972 | €34,869 | +€2,896 | +9.1% |
| Other amounts receivable | 41 | €3,850 | €1,819 | -€2,032 | -52.8% |
| Cash at bank and in hand | 54/58 | €9,983 | €682 | -€9,301 | -93.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €739,424 | €712,204 | -€27,220 | -3.7% |
| Equity | 10/15 | €162,603 | €159,547 | -€3,056 | -1.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €92,161 | €92,161 | = | 0.0% |
| Distributable reserves | 133 | €92,161 | €92,161 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,442 | €62,386 | -€3,056 | -4.7% |
| Amounts payable | 17/49 | €576,821 | €552,657 | -€24,164 | -4.2% |
| Amounts payable after more than one year | 17 | €409,361 | €371,413 | -€37,948 | -9.3% |
| Financial debts | 170/4 | €409,361 | €371,413 | -€37,948 | -9.3% |
| Amounts payable within one year | 42/48 | €167,461 | €175,624 | +€8,164 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €45,268 | €37,948 | -€7,320 | -16.2% |
| Trade debts | 44 | €2,773 | €6,076 | +€3,303 | +119% |
| Suppliers | 440/4 | €2,773 | €6,076 | +€3,303 | +119% |
| Taxes, remuneration and social security | 45 | €76,011 | €16,261 | -€59,750 | -78.6% |
| Taxes | 450/3 | €76,011 | €12,491 | -€63,520 | -83.6% |
| Remuneration and social security | 454/9 | - | €3,770 | +€3,770 | |
| Other amounts payable | 47/48 | €43,409 | €115,340 | +€71,931 | +166% |
| Accrued charges and deferred income | 492/3 | - | €5,620 | +€5,620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,337 | €19,848 | -€489 | -2.4% |
| Other operating charges | 640/8 | €1,455 | €1,560 | +€105 | +7.2% |
| Gross operating margin | 9900 | €188,495 | €42,851 | -€145,644 | -77.3% |
| Operating profit (loss) | 9901 | €166,703 | €21,443 | -€145,260 | -87.1% |
| Financial income | 75/76B | €5 | €8 | +€3 | +68.4% |
| Recurring financial income | 75 | €5 | €8 | +€3 | +68.4% |
| Financial charges | 65/66B | €18,793 | €21,906 | +€3,113 | +16.6% |
| Recurring financial charges | 65 | €18,793 | €21,906 | +€3,113 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €147,915 | -€456 | -€148,370 | |
| Income taxes | 67/77 | €39,431 | €2,601 | -€36,830 | -93.4% |
| Profit (loss) for the period | 9904 | €108,484 | -€3,056 | -€111,540 | |
| Profit (loss) for the period to be appropriated | 9905 | €108,484 | -€3,056 | -€111,540 |
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 31 October 2026 via checked.be.