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.
What changed
Staelens
NACE 46.643, Wholesale of electrical equipment, including installation materials
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€156,387
2024 · €90,613+€65,774
Equity
€2.1m
2024 · €1.9m+€136,387
Cash
€906,271
2024 · €903,745+€2,526
Balance sheet total
€2.8m
2024 · €3.0m-€170,510
Largest movements
Assets
- Receivables within one year -€116,665
down €116,665 (-11.9%), from €978,505 to €861,839
of which Trade receivables: -€110,925
- Tangible fixed assets -€59,695
down €59,695 (-12.8%), from €467,188 to €407,493
of which Furniture and vehicles: -€42,817
Equity and liabilities
- Trade debts -€307,339
down €307,339 (-43.0%), from €715,029 to €407,691
- Profit (loss) carried forward +€136,387
up €136,387 (+14.3%), from €953,892 to €1.1m
Income statement
- Gross operating margin +€144,459
up €144,459 (+12.8%), from €1.1m to €1.3m
- Staff costs +€40,749
up €40,749 (+4.7%), from €870,917 to €911,665
- Taxes +€30,826
up €30,826 (+166%), from €18,566 to €49,392
- Depreciation +€21,436
up €21,436 (+29.9%), from €71,605 to €93,041
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.
Result 2024
€90,613
Gross operating margin
+€144,459
Staff costs
-€40,749
Depreciation
-€21,436
Write-downs
-€7,426
Other operating charges
+€11,114
Other operating items
+€15,508
Financial income
+€1,272
Financial charges
-€6,142
Taxes
-€30,826
Result 2025
€156,387
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€72,896
Investment
-€20,396
Financing
-€49,973
Cash 2024
€903,745
From operations (derived)
+€72,896
Net result for the year
+€156,387
Depreciation
+€93,041
Stocks and contracts
-€8,628
Receivables within one year
+€116,665
Deferred charges and accrued income
-€7,647
Trade debts
-€307,339
Tax, wage and social debts
+€25,880
Other debts
+€500
Accrued charges and deferred income
+€4,036
Investment (derived)
-€20,396
Investment in fixed assets (net)
-€20,396
Financing
-€49,973
Debts after one year
-€10,430
Current portion of long-term debt
-€19,543
Contributions, distributions and other
-€20,000
Cash 2025
€906,271
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,952,010 | €2,781,500 | -€170,510 | -5.8% |
| Fixed assets | 21/28 | €523,465 | €450,820 | -€72,645 | -13.9% |
| Intangible fixed assets | 21 | €51,600 | €38,637 | -€12,963 | -25.1% |
| Tangible fixed assets | 22/27 | €467,188 | €407,493 | -€59,695 | -12.8% |
| Land and buildings | 22 | €241,039 | €237,083 | -€3,956 | -1.6% |
| Plant, machinery and equipment | 23 | €30,466 | €17,544 | -€12,922 | -42.4% |
| Furniture and vehicles | 24 | €195,683 | €152,866 | -€42,817 | -21.9% |
| Financial fixed assets | 28 | €4,676 | €4,690 | +€13 | +0.3% |
| Current assets | 29/58 | €2,428,545 | €2,330,680 | -€97,865 | -4.0% |
| Stocks and contracts in progress | 3 | €537,064 | €545,691 | +€8,628 | +1.6% |
| Stocks | 30/36 | €537,064 | €545,691 | +€8,628 | +1.6% |
| Amounts receivable within one year | 40/41 | €978,505 | €861,839 | -€116,665 | -11.9% |
| Trade receivables | 40 | €972,765 | €861,839 | -€110,925 | -11.4% |
| Other amounts receivable | 41 | €5,740 | - | -€5,740 | |
| Cash at bank and in hand | 54/58 | €903,745 | €906,271 | +€2,526 | +0.3% |
| Deferred charges and accrued income | 490/1 | €9,232 | €16,879 | +€7,647 | +82.8% |
| Total equity and liabilities | 10/49 | €2,952,010 | €2,781,500 | -€170,510 | -5.8% |
| Equity | 10/15 | €1,948,454 | €2,084,841 | +€136,387 | +7.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €494,561 | €494,561 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €68,485 | €68,485 | = | 0.0% |
| Distributable reserves | 133 | €376,076 | €376,076 | = | 0.0% |
| Profit (loss) carried forward | 14 | €953,892 | €1,090,280 | +€136,387 | +14.3% |
| Amounts payable | 17/49 | €1,003,556 | €696,659 | -€306,897 | -30.6% |
| Amounts payable after more than one year | 17 | €10,430 | - | -€10,430 | |
| Financial debts | 170/4 | €10,430 | - | -€10,430 | |
| Amounts payable within one year | 42/48 | €985,539 | €685,036 | -€300,503 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €29,973 | €10,430 | -€19,543 | -65.2% |
| Trade debts | 44 | €715,029 | €407,691 | -€307,339 | -43.0% |
| Suppliers | 440/4 | €715,029 | €407,691 | -€307,339 | -43.0% |
| Taxes, remuneration and social security | 45 | €220,886 | €246,766 | +€25,880 | +11.7% |
| Taxes | 450/3 | €91,104 | €109,961 | +€18,857 | +20.7% |
| Remuneration and social security | 454/9 | €129,782 | €136,805 | +€7,023 | +5.4% |
| Other amounts payable | 47/48 | €19,650 | €20,150 | +€500 | +2.5% |
| Accrued charges and deferred income | 492/3 | €7,588 | €11,623 | +€4,036 | +53.2% |
| Remuneration, social security and pensions | 62 | €870,917 | €911,665 | +€40,749 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,605 | €93,041 | +€21,436 | +29.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,896 | €13,322 | +€7,426 | +126% |
| Other operating charges | 640/8 | €46,997 | €35,883 | -€11,114 | -23.6% |
| Non-recurring operating charges | 66A | €15,508 | - | -€15,508 | |
| Gross operating margin | 9900 | €1,131,267 | €1,275,727 | +€144,459 | +12.8% |
| Operating profit (loss) | 9901 | €120,345 | €221,815 | +€101,470 | +84.3% |
| Financial income | 75/76B | €10,345 | €11,617 | +€1,272 | +12.3% |
| Recurring financial income | 75 | €10,345 | €11,617 | +€1,272 | +12.3% |
| Financial charges | 65/66B | €21,511 | €27,653 | +€6,142 | +28.6% |
| Recurring financial charges | 65 | €21,511 | €27,653 | +€6,142 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €109,179 | €205,780 | +€96,600 | +88.5% |
| Income taxes | 67/77 | €18,566 | €49,392 | +€30,826 | +166% |
| Profit (loss) for the period | 9904 | €90,613 | €156,387 | +€65,774 | +72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €90,613 | €156,387 | +€65,774 | +72.6% |
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 26 October 2026 via checked.be.