STAELENS - VDA: 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 - VDA
Largest movements
- Cash +€108,085
up €108,085 (+413%), from €26,179 to €134,264
mainly Net result for the year (+€249,400) and Depreciation (+€80,158)
- Tangible fixed assets -€28,489
down €28,489 (-2.0%), from €1.4m to €1.4m
of which Land and buildings: -€29,692
- Receivables within one year -€17,640
down €17,640 (-30.2%), from €58,429 to €40,789
- Reserves +€249,400
up €249,400 (+181%), from €137,901 to €387,301
- Other debts -€147,432
down €147,432 (-64.8%), from €227,672 to €80,240
- Debts after one year -€62,871
down €62,871 (-6.0%), from €1.0m to €987,046
- Tax, wage and social debts +€16,857
up €16,857 (+72.5%), from €23,251 to €40,108
- Gross operating margin +€94,562
up €94,562 (+27.4%), from €345,388 to €439,949
- Taxes +€27,293
up €27,293 (+48.7%), from €56,051 to €83,344
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 | €1,526,082 | €1,587,880 | +€61,798 | +4.0% |
| Fixed assets | 21/28 | €1,436,215 | €1,407,726 | -€28,489 | -2.0% |
| Tangible fixed assets | 22/27 | €1,436,215 | €1,407,726 | -€28,489 | -2.0% |
| Land and buildings | 22 | €1,425,913 | €1,396,221 | -€29,692 | -2.1% |
| Plant, machinery and equipment | 23 | €10,163 | €8,006 | -€2,157 | -21.2% |
| Furniture and vehicles | 24 | €139 | €3,499 | +€3,360 | +2,418% |
| Current assets | 29/58 | €89,867 | €180,154 | +€90,287 | +100% |
| Amounts receivable within one year | 40/41 | €58,429 | €40,789 | -€17,640 | -30.2% |
| Trade receivables | 40 | €58,429 | €40,789 | -€17,640 | -30.2% |
| Cash at bank and in hand | 54/58 | €26,179 | €134,264 | +€108,085 | +413% |
| Deferred charges and accrued income | 490/1 | €5,259 | €5,101 | -€157 | -3.0% |
| Total equity and liabilities | 10/49 | €1,526,082 | €1,587,880 | +€61,798 | +4.0% |
| Equity | 10/15 | €156,501 | €405,901 | +€249,400 | +159% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €137,901 | €387,301 | +€249,400 | +181% |
| Distributable reserves | 133 | €137,901 | €387,301 | +€249,400 | +181% |
| Amounts payable | 17/49 | €1,369,581 | €1,181,979 | -€187,602 | -13.7% |
| Amounts payable after more than one year | 17 | €1,049,917 | €987,046 | -€62,871 | -6.0% |
| Financial debts | 170/4 | €1,049,917 | €987,046 | -€62,871 | -6.0% |
| Amounts payable within one year | 42/48 | €314,021 | €188,037 | -€125,984 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €62,890 | €62,871 | -€18 | 0.0% |
| Trade debts | 44 | €208 | €4,818 | +€4,610 | +2,216% |
| Suppliers | 440/4 | €208 | €4,818 | +€4,610 | +2,216% |
| Taxes, remuneration and social security | 45 | €23,251 | €40,108 | +€16,857 | +72.5% |
| Taxes | 450/3 | €23,251 | €40,108 | +€16,857 | +72.5% |
| Other amounts payable | 47/48 | €227,672 | €80,240 | -€147,432 | -64.8% |
| Accrued charges and deferred income | 492/3 | €5,642 | €6,896 | +€1,253 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,798 | €80,158 | +€4,360 | +5.8% |
| Other operating charges | 640/8 | €3,781 | €4,330 | +€550 | +14.5% |
| Gross operating margin | 9900 | €345,388 | €439,949 | +€94,562 | +27.4% |
| Operating profit (loss) | 9901 | €265,809 | €355,461 | +€89,652 | +33.7% |
| Financial income | 75/76B | €1 | €0 | -€0 | -98.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -98.0% |
| Financial charges | 65/66B | €23,880 | €22,717 | -€1,163 | -4.9% |
| Recurring financial charges | 65 | €23,880 | €22,717 | -€1,163 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €241,930 | €332,744 | +€90,815 | +37.5% |
| Income taxes | 67/77 | €56,051 | €83,344 | +€27,293 | +48.7% |
| Profit (loss) for the period | 9904 | €185,878 | €249,400 | +€63,522 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €185,878 | €249,400 | +€63,522 | +34.2% |
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 23 October 2026 via checked.be.