staes.com: 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
staes.com
NACE 46.620, Wholesale of machine tools
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€453,520
2024 · €787,547-€334,027
Equity
€4.6m
2024 · €4.2m+€329,502
Cash
€1.2m
2024 · €1.0m+€139,190
Balance sheet total
€7.7m
2024 · €6.4m+€1.2m
Largest movements
Assets
- Stocks and contracts +€1.2m
up €1.2m (+26.3%), from €4.8m to €6.0m
of which Contracts in progress: +€1.4m
- Cash +€139,190
up €139,190 (+13.3%), from €1.0m to €1.2m
mainly Advances received (+€1.5m) and Net result for the year (+€453,520)
- Receivables within one year -€116,715
down €116,715 (-24.3%), from €480,918 to €364,203
of which Trade receivables: -€119,222
Equity and liabilities
- Advances received +€1.5m
new in 2025: €1.5m
- Reserves +€329,502
up €329,502 (+8.4%), from €3.9m to €4.3m
of which Distributable reserves: +€329,502
- Trade debts -€234,915
down €234,915 (-17.5%), from €1.3m to €1.1m
- Debts after one year -€127,009
down €127,009 (-63.7%), from €199,233 to €72,223
- Short-term financial debts -€104,323
down €104,323 (-64.1%), from €162,657 to €58,333
Income statement
- Gross operating margin -€434,803
down €434,803 (-36.4%), from €1.2m to €759,164
- Taxes -€121,582
down €121,582 (-43.0%), from €283,032 to €161,450
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
€787,547
Gross operating margin
-€434,803
Staff costs
+€6,776
Depreciation
-€9,321
Other operating charges
-€1,985
Other operating items
-€16,380
Financial income
+€2,008
Financial charges
-€1,904
Taxes
+€121,582
Result 2025
€453,520
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
+€567,893
Investment
-€20,290
Financing
-€408,413
Cash 2024
€1.0m
From operations (derived)
+€567,893
Net result for the year
+€453,520
Depreciation
+€40,134
Stocks and contracts
-€1.2m
Receivables within one year
+€116,715
Deferred charges and accrued income
+€15,429
Trade debts
-€234,915
Tax, wage and social debts
-€40,353
Advances received
+€1.5m
Other debts
+€3,539
Accrued charges and deferred income
-€32,088
Investment (derived)
-€20,290
Investment in fixed assets (net)
-€20,290
Financing
-€408,413
Debts after one year
-€127,009
Current portion of long-term debt
-€53,062
Short-term financial debts
-€104,323
Contributions, distributions and other
-€124,018
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,432,524 | €7,667,619 | +€1.2m | +19.2% |
| Fixed assets | 21/28 | €133,706 | €113,861 | -€19,845 | -14.8% |
| Tangible fixed assets | 22/27 | €117,667 | €97,822 | -€19,845 | -16.9% |
| Plant, machinery and equipment | 23 | - | €3,426 | +€3,426 | |
| Furniture and vehicles | 24 | €117,667 | €94,396 | -€23,271 | -19.8% |
| Financial fixed assets | 28 | €16,039 | €16,039 | = | 0.0% |
| Current assets | 29/58 | €6,298,818 | €7,553,757 | +€1.3m | +19.9% |
| Stocks and contracts in progress | 3 | €4,752,958 | €6,000,852 | +€1.2m | +26.3% |
| Stocks | 30/36 | €4,752,958 | €4,559,903 | -€193,055 | -4.1% |
| Contracts in progress | 37 | - | €1,440,950 | +€1.4m | |
| Amounts receivable within one year | 40/41 | €480,918 | €364,203 | -€116,715 | -24.3% |
| Trade receivables | 40 | €479,117 | €359,895 | -€119,222 | -24.9% |
| Other amounts receivable | 41 | €1,801 | €4,308 | +€2,507 | +139% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,045,559 | €1,184,749 | +€139,190 | +13.3% |
| Deferred charges and accrued income | 490/1 | €19,382 | €3,953 | -€15,429 | -79.6% |
| Total equity and liabilities | 10/49 | €6,432,524 | €7,667,619 | +€1.2m | +19.2% |
| Equity | 10/15 | €4,233,007 | €4,562,510 | +€329,502 | +7.8% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €3,933,007 | €4,262,510 | +€329,502 | +8.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €32,123 | €32,123 | = | 0.0% |
| Distributable reserves | 133 | €3,900,884 | €4,230,387 | +€329,502 | +8.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,199,517 | €3,105,109 | +€905,593 | +41.2% |
| Amounts payable after more than one year | 17 | €199,233 | €72,223 | -€127,009 | -63.7% |
| Financial debts | 170/4 | €199,233 | €72,223 | -€127,009 | -63.7% |
| Amounts payable within one year | 42/48 | €1,968,196 | €3,032,886 | +€1.1m | +54.1% |
| Current portion of amounts payable after more than one year | 42 | €180,072 | €127,009 | -€53,062 | -29.5% |
| Financial debts | 43 | €162,657 | €58,333 | -€104,323 | -64.1% |
| Credit institutions | 430/8 | €162,657 | €58,333 | -€104,323 | -64.1% |
| Trade debts | 44 | €1,344,269 | €1,109,355 | -€234,915 | -17.5% |
| Suppliers | 440/4 | €1,344,269 | €1,109,355 | -€234,915 | -17.5% |
| Advances received on contracts in progress | 46 | - | €1,493,804 | +€1.5m | |
| Taxes, remuneration and social security | 45 | €188,742 | €148,388 | -€40,353 | -21.4% |
| Taxes | 450/3 | €188,742 | €148,388 | -€40,353 | -21.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €92,457 | €95,996 | +€3,539 | +3.8% |
| Accrued charges and deferred income | 492/3 | €32,088 | €0 | -€32,088 | -100% |
| Remuneration, social security and pensions | 62 | €65,698 | €58,922 | -€6,776 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,813 | €40,134 | +€9,321 | +30.3% |
| Other operating charges | 640/8 | €3,829 | €5,814 | +€1,985 | +51.8% |
| Non-recurring operating charges | 66A | - | €16,380 | +€16,380 | |
| Gross operating margin | 9900 | €1,193,967 | €759,164 | -€434,803 | -36.4% |
| Operating profit (loss) | 9901 | €1,093,627 | €637,914 | -€455,713 | -41.7% |
| Financial income | 75/76B | €1,209 | €3,217 | +€2,008 | +166% |
| Recurring financial income | 75 | €1,209 | €3,217 | +€2,008 | +166% |
| Financial charges | 65/66B | €24,256 | €26,160 | +€1,904 | +7.9% |
| Recurring financial charges | 65 | €24,256 | €26,160 | +€1,904 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €1,070,580 | €614,970 | -€455,609 | -42.6% |
| Income taxes | 67/77 | €283,032 | €161,450 | -€121,582 | -43.0% |
| Profit (loss) for the period | 9904 | €787,547 | €453,520 | -€334,027 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €787,547 | €453,520 | -€334,027 | -42.4% |
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 21 October 2026 via checked.be.