STAELENS: 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.
STAELENS
Largest movements
- Cash +€139,963
up €139,963 (+37.4%), from €373,887 to €513,850
mainly Receivables after one year (+€60,000) and Stocks and contracts (+€30,859)
- Receivables after one year -€60,000
down €60,000 (-20.0%), from €300,000 to €240,000
- Stocks and contracts -€30,859
down €30,859 (-18.9%), from €163,324 to €132,465
- Receivables within one year -€27,527
down €27,527 (-66.0%), from €41,707 to €14,180
of which Trade receivables: -€27,514
- Tangible fixed assets -€13,812
down €13,812 (-35.7%), from €38,649 to €24,837
of which Plant, machinery and equipment: -€13,509
- Reserves +€28,364
up €28,364 (+3.3%), from €857,221 to €885,584
of which Distributable reserves: +€28,364
- Tax, wage and social debts -€12,692
down €12,692 (-61.3%), from €20,706 to €8,014
of which Taxes: -€11,692
- Gross operating margin -€36,335
down €36,335 (-44.9%), from €80,868 to €44,533
- Taxes -€13,183
down €13,183 (-46.7%), from €28,245 to €15,062
- Financial income -€12,027
down €12,027 (-54.6%), from €22,031 to €10,004
- Financial charges -€5,000
down €5,000, from €407 to -€4,593
- Depreciation -€1,737
down €1,737 (-10.1%), from €17,192 to €15,455
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 | €918,785 | €933,562 | +€14,778 | +1.6% |
| Fixed assets | 21/28 | €38,739 | €24,927 | -€13,812 | -35.7% |
| Tangible fixed assets | 22/27 | €38,649 | €24,837 | -€13,812 | -35.7% |
| Plant, machinery and equipment | 23 | €38,346 | €24,837 | -€13,509 | -35.2% |
| Furniture and vehicles | 24 | €304 | €0 | -€304 | -100% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €880,046 | €908,635 | +€28,590 | +3.2% |
| Amounts receivable after more than one year | 29 | €300,000 | €240,000 | -€60,000 | -20.0% |
| Other amounts receivable | 291 | €300,000 | €240,000 | -€60,000 | -20.0% |
| Stocks and contracts in progress | 3 | €163,324 | €132,465 | -€30,859 | -18.9% |
| Stocks | 30/36 | €163,324 | €132,465 | -€30,859 | -18.9% |
| Amounts receivable within one year | 40/41 | €41,707 | €14,180 | -€27,527 | -66.0% |
| Trade receivables | 40 | €35,836 | €8,322 | -€27,514 | -76.8% |
| Other amounts receivable | 41 | €5,872 | €5,858 | -€14 | -0.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €373,887 | €513,850 | +€139,963 | +37.4% |
| Deferred charges and accrued income | 490/1 | €1,127 | €8,140 | +€7,013 | +622% |
| Total equity and liabilities | 10/49 | €918,785 | €933,562 | +€14,778 | +1.6% |
| Equity | 10/15 | €894,405 | €922,768 | +€28,364 | +3.2% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €857,221 | €885,584 | +€28,364 | +3.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €13,457 | €13,457 | = | 0.0% |
| Distributable reserves | 133 | €843,763 | €872,127 | +€28,364 | +3.4% |
| Amounts payable | 17/49 | €24,380 | €10,794 | -€13,586 | -55.7% |
| Amounts payable within one year | 42/48 | €24,220 | €10,687 | -€13,534 | -55.9% |
| Trade debts | 44 | €501 | €609 | +€108 | +21.6% |
| Suppliers | 440/4 | €501 | €609 | +€108 | +21.6% |
| Advances received on contracts in progress | 46 | €3,014 | €2,064 | -€950 | -31.5% |
| Taxes, remuneration and social security | 45 | €20,706 | €8,014 | -€12,692 | -61.3% |
| Taxes | 450/3 | €19,706 | €8,014 | -€11,692 | -59.3% |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €160 | €107 | -€53 | -32.9% |
| Non-recurring operating income | 76A | €0 | €1,042 | +€1,042 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,192 | €15,455 | -€1,737 | -10.1% |
| Other operating charges | 640/8 | €126 | €249 | +€123 | +98.0% |
| Gross operating margin | 9900 | €80,868 | €44,533 | -€36,335 | -44.9% |
| Operating profit (loss) | 9901 | €63,550 | €28,828 | -€34,721 | -54.6% |
| Financial income | 75/76B | €22,031 | €10,004 | -€12,027 | -54.6% |
| Recurring financial income | 75 | €22,031 | €10,004 | -€12,027 | -54.6% |
| Financial charges | 65/66B | €407 | -€4,593 | -€5,000 | |
| Recurring financial charges | 65 | €407 | -€4,593 | -€5,000 | |
| Profit (loss) for the period before taxes | 9903 | €85,174 | €43,426 | -€41,749 | -49.0% |
| Income taxes | 67/77 | €28,245 | €15,062 | -€13,183 | -46.7% |
| Profit (loss) for the period | 9904 | €56,929 | €28,364 | -€28,565 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,929 | €28,364 | -€28,565 | -50.2% |
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 19 October 2026 via checked.be.