Staes Construct: what changed
Two fiscal 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.
Staes Construct
Largest movements
- Tangible fixed assets +€95,537
up €95,537 (+147.8%), from €64,623 to €160,160
of which Furniture and vehicles: +€49,746
- Receivables within one year +€35,251
up €35,251 (+224.1%), from €15,730 to €50,981
of which Other amounts receivable: +€43,487
- Cash +€22,496
up €22,496 (+26.4%), from €85,262 to €107,758
mainly Net result for the year (+€129,841) and Debts after one year (+€50,990)
- Profit (loss) carried forward +€129,008
up €129,008 (+170.6%), from €75,600 to €204,608
- Debts after one year +€50,990
new in 2025: €50,990
- Other debts -€15,672
down €15,672 (-95.0%), from €16,505 to €833
- Trade debts -€10,402
down €10,402 (-40.8%), from €25,494 to €15,092
- Depreciation +€31,990
up €31,990 (+177.4%), from €18,032 to €50,022
- Gross operating margin -€13,796
down €13,796 (-3.9%), from €352,159 to €338,363
- Staff costs -€7,704
down €7,704 (-6.6%), from €116,730 to €109,026
- Other operating charges -€5,070
down €5,070 (-66.3%), from €7,651 to €2,581
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 | €177,971 | €332,093 | +€154,123 | +86.6% |
| Fixed assets | 21/28 | €73,623 | €169,160 | +€95,537 | +129.8% |
| Tangible fixed assets | 22/27 | €64,623 | €160,160 | +€95,537 | +147.8% |
| Plant, machinery and equipment | 23 | €30,212 | €76,002 | +€45,791 | +151.6% |
| Furniture and vehicles | 24 | €34,412 | €84,158 | +€49,746 | +144.6% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €104,347 | €162,933 | +€58,586 | +56.1% |
| Amounts receivable within one year | 40/41 | €15,730 | €50,981 | +€35,251 | +224.1% |
| Trade receivables | 40 | €8,236 | - | -€8,236 | |
| Other amounts receivable | 41 | €7,494 | €50,981 | +€43,487 | +580.3% |
| Current investments | 50/53 | - | €248 | +€248 | |
| Cash at bank and in hand | 54/58 | €85,262 | €107,758 | +€22,496 | +26.4% |
| Deferred charges and accrued income | 490/1 | €3,356 | €3,947 | +€591 | +17.6% |
| Total equity and liabilities | 10/49 | €177,971 | €332,093 | +€154,123 | +86.6% |
| Equity | 10/15 | €78,100 | €207,108 | +€129,008 | +165.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,600 | €204,608 | +€129,008 | +170.6% |
| Amounts payable | 17/49 | €99,871 | €124,986 | +€25,114 | +25.1% |
| Amounts payable after more than one year | 17 | - | €50,990 | +€50,990 | |
| Financial debts | 170/4 | - | €50,990 | +€50,990 | |
| Amounts payable within one year | 42/48 | €99,871 | €73,996 | -€25,875 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | - | €2,728 | +€2,728 | |
| Trade debts | 44 | €25,494 | €15,092 | -€10,402 | -40.8% |
| Suppliers | 440/4 | €25,494 | €15,092 | -€10,402 | -40.8% |
| Taxes, remuneration and social security | 45 | €57,873 | €55,343 | -€2,530 | -4.4% |
| Taxes | 450/3 | €49,594 | €45,716 | -€3,878 | -7.8% |
| Remuneration and social security | 454/9 | €8,279 | €9,627 | +€1,348 | +16.3% |
| Other amounts payable | 47/48 | €16,505 | €833 | -€15,672 | -95.0% |
| Remuneration, social security and pensions | 62 | €116,730 | €109,026 | -€7,704 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,032 | €50,022 | +€31,990 | +177.4% |
| Other operating charges | 640/8 | €7,651 | €2,581 | -€5,070 | -66.3% |
| Gross operating margin | 9900 | €352,159 | €338,363 | -€13,796 | -3.9% |
| Operating profit (loss) | 9901 | €209,746 | €176,735 | -€33,012 | -15.7% |
| Financial income | 75/76B | €2,321 | €992 | -€1,330 | -57.3% |
| Recurring financial income | 75 | €2,321 | €992 | -€1,330 | -57.3% |
| Financial charges | 65/66B | €374 | €1,624 | +€1,250 | +334.5% |
| Recurring financial charges | 65 | €374 | €1,624 | +€1,250 | +334.5% |
| Profit (loss) for the period before taxes | 9903 | €211,694 | €176,102 | -€35,591 | -16.8% |
| Income taxes | 67/77 | €49,594 | €46,261 | -€3,333 | -6.7% |
| Profit (loss) for the period | 9904 | €162,100 | €129,841 | -€32,258 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €162,100 | €129,841 | -€32,258 | -19.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.