STAENIS: 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.
STAENIS
Largest movements
- Cash -€39,803
down €39,803 (-41.9%), from €95,037 to €55,233
mainly Debts after one year (-€43,411) and Investment in fixed assets (net) (-€36,746)
- Stocks and contracts +€34,977
up €34,977 (+54.8%), from €63,844 to €98,821
- Intangible fixed assets -€7,752
down €7,752 (-17.2%), from €45,109 to €37,357
- Deferred charges and accrued income +€6,709
up €6,709 (+231.6%), from €2,896 to €9,605
- Debts after one year -€43,411
down €43,411 (-30.1%), from €144,257 to €100,846
- Reserves +€43,099
up €43,099 (+219.9%), from €19,601 to €62,701
- Current portion of long-term debt -€35,709
down €35,709 (-45.1%), from €79,119 to €43,411
- Trade debts +€29,886
up €29,886 (+54.3%), from €54,992 to €84,878
- Gross operating margin +€19,939
up €19,939 (+20.8%), from €95,809 to €115,748
- Financial charges +€16,639
up €16,639 (+161.6%), from €10,295 to €26,934
- Depreciation +€8,790
up €8,790 (+24.4%), from €36,083 to €44,873
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.
Cash bridge derived
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 | €368,556 | €360,301 | -€8,255 | -2.2% |
| Fixed assets | 21/28 | €197,650 | €189,523 | -€8,128 | -4.1% |
| Intangible fixed assets | 21 | €45,109 | €37,357 | -€7,752 | -17.2% |
| Tangible fixed assets | 22/27 | €151,041 | €150,666 | -€376 | -0.2% |
| Plant, machinery and equipment | 23 | €140,131 | €140,432 | +€301 | +0.2% |
| Furniture and vehicles | 24 | €10,911 | €10,234 | -€677 | -6.2% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €170,906 | €170,778 | -€128 | -0.1% |
| Stocks and contracts in progress | 3 | €63,844 | €98,821 | +€34,977 | +54.8% |
| Stocks | 30/36 | €63,844 | €98,821 | +€34,977 | +54.8% |
| Amounts receivable within one year | 40/41 | €9,129 | €7,119 | -€2,010 | -22.0% |
| Trade receivables | 40 | €7,667 | €4,996 | -€2,671 | -34.8% |
| Other amounts receivable | 41 | €1,462 | €2,123 | +€661 | +45.2% |
| Cash at bank and in hand | 54/58 | €95,037 | €55,233 | -€39,803 | -41.9% |
| Deferred charges and accrued income | 490/1 | €2,896 | €9,605 | +€6,709 | +231.6% |
| Total equity and liabilities | 10/49 | €368,556 | €360,301 | -€8,255 | -2.2% |
| Equity | 10/15 | €74,601 | €117,701 | +€43,099 | +57.8% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €19,601 | €62,701 | +€43,099 | +219.9% |
| Distributable reserves | 133 | €19,601 | €62,701 | +€43,099 | +219.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €293,955 | €242,600 | -€51,355 | -17.5% |
| Amounts payable after more than one year | 17 | €144,257 | €100,846 | -€43,411 | -30.1% |
| Financial debts | 170/4 | €144,257 | €100,846 | -€43,411 | -30.1% |
| Amounts payable within one year | 42/48 | €149,698 | €141,754 | -€7,944 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €79,119 | €43,411 | -€35,709 | -45.1% |
| Trade debts | 44 | €54,992 | €84,878 | +€29,886 | +54.3% |
| Suppliers | 440/4 | €54,992 | €84,878 | +€29,886 | +54.3% |
| Taxes, remuneration and social security | 45 | €12,556 | €9,927 | -€2,630 | -20.9% |
| Taxes | 450/3 | €8,156 | €6,727 | -€1,430 | -17.5% |
| Remuneration and social security | 454/9 | €4,400 | €3,200 | -€1,200 | -27.3% |
| Other amounts payable | 47/48 | €3,031 | €3,538 | +€508 | +16.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,083 | €44,873 | +€8,790 | +24.4% |
| Other operating charges | 640/8 | €693 | €1,353 | +€660 | +95.3% |
| Gross operating margin | 9900 | €95,809 | €115,748 | +€19,939 | +20.8% |
| Operating profit (loss) | 9901 | €59,033 | €69,522 | +€10,488 | +17.8% |
| Financial income | 75/76B | €563 | €512 | -€51 | -9.0% |
| Recurring financial income | 75 | €563 | €512 | -€51 | -9.0% |
| Financial charges | 65/66B | €10,295 | €26,934 | +€16,639 | +161.6% |
| Recurring financial charges | 65 | €10,295 | €26,934 | +€16,639 | +161.6% |
| Profit (loss) for the period before taxes | 9903 | €49,301 | €43,099 | -€6,202 | -12.6% |
| Profit (loss) for the period | 9904 | €49,301 | €43,099 | -€6,202 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,301 | €43,099 | -€6,202 | -12.6% |
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 12 October 2026 via checked.be.