STAES DIRK: 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 DIRK
Largest movements
- Tangible fixed assets -€13,008
down €13,008 (-32.4%), from €40,146 to €27,138
of which Furniture and vehicles: -€13,920
- Cash +€8,592
up €8,592 (+11.7%), from €73,393 to €81,985
mainly Net result for the year (+€17,786) and Depreciation (+€16,827)
- Deferred charges and accrued income -€2,093
down €2,093 (-57.1%), from €3,669 to €1,576
- Receivables within one year -€1,864
down €1,864 (-43.9%), from €4,242 to €2,378
- Reserves +€17,786
up €17,786 (+55098.7%), from €32 to €17,818
- Trade debts -€15,429
down €15,429 (-20.4%), from €75,452 to €60,023
- Tax, wage and social debts -€9,823
down €9,823 (-83.5%), from €11,769 to €1,947
of which Remuneration and social security: -€9,607
- Debts after one year -€5,172
down €5,172 (-66.6%), from €7,769 to €2,597
- Other debts +€2,695
up €2,695 (+60.5%), from €4,455 to €7,150
- Gross operating margin +€35,001
up €35,001 (+39.5%), from €88,661 to €123,662
- Staff costs +€5,841
up €5,841 (+7.4%), from €78,483 to €84,324
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 | €128,278 | €120,921 | -€7,356 | -5.7% |
| Fixed assets | 21/28 | €43,716 | €30,707 | -€13,008 | -29.8% |
| Tangible fixed assets | 22/27 | €40,146 | €27,138 | -€13,008 | -32.4% |
| Land and buildings | 22 | €8,146 | €7,735 | -€411 | -5.0% |
| Plant, machinery and equipment | 23 | €2,321 | €3,643 | +€1,322 | +57.0% |
| Furniture and vehicles | 24 | €29,679 | €15,760 | -€13,920 | -46.9% |
| Financial fixed assets | 28 | €3,570 | €3,570 | = | 0.0% |
| Current assets | 29/58 | €84,562 | €90,214 | +€5,652 | +6.7% |
| Stocks and contracts in progress | 3 | €3,258 | €4,275 | +€1,017 | +31.2% |
| Stocks | 30/36 | €3,258 | €4,275 | +€1,017 | +31.2% |
| Amounts receivable within one year | 40/41 | €4,242 | €2,378 | -€1,864 | -43.9% |
| Trade receivables | 40 | €4,242 | €2,378 | -€1,864 | -43.9% |
| Cash at bank and in hand | 54/58 | €73,393 | €81,985 | +€8,592 | +11.7% |
| Deferred charges and accrued income | 490/1 | €3,669 | €1,576 | -€2,093 | -57.1% |
| Total equity and liabilities | 10/49 | €128,278 | €120,921 | -€7,356 | -5.7% |
| Equity | 10/15 | €18,624 | €36,410 | +€17,786 | +95.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €32 | €17,818 | +€17,786 | +55098.7% |
| Distributable reserves | 133 | €32 | €17,818 | +€17,786 | +55098.7% |
| Amounts payable | 17/49 | €109,654 | €84,511 | -€25,142 | -22.9% |
| Amounts payable after more than one year | 17 | €7,769 | €2,597 | -€5,172 | -66.6% |
| Financial debts | 170/4 | €7,769 | €2,597 | -€5,172 | -66.6% |
| Amounts payable within one year | 42/48 | €101,885 | €81,896 | -€19,989 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €10,208 | €12,776 | +€2,568 | +25.2% |
| Trade debts | 44 | €75,452 | €60,023 | -€15,429 | -20.4% |
| Suppliers | 440/4 | €75,452 | €60,023 | -€15,429 | -20.4% |
| Taxes, remuneration and social security | 45 | €11,769 | €1,947 | -€9,823 | -83.5% |
| Taxes | 450/3 | €1,280 | €1,065 | -€216 | -16.9% |
| Remuneration and social security | 454/9 | €10,489 | €882 | -€9,607 | -91.6% |
| Other amounts payable | 47/48 | €4,455 | €7,150 | +€2,695 | +60.5% |
| Accrued charges and deferred income | 492/3 | - | €19 | +€19 | |
| Remuneration, social security and pensions | 62 | €78,483 | €84,324 | +€5,841 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,685 | €16,827 | +€1,142 | +7.3% |
| Other operating charges | 640/8 | €935 | €1,028 | +€93 | +10.0% |
| Gross operating margin | 9900 | €88,661 | €123,662 | +€35,001 | +39.5% |
| Operating profit (loss) | 9901 | -€6,443 | €21,482 | +€27,925 | |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €4,350 | €3,457 | -€893 | -20.5% |
| Recurring financial charges | 65 | €4,350 | €3,457 | -€893 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,793 | €18,027 | +€28,819 | |
| Income taxes | 67/77 | €256 | €241 | -€15 | -6.0% |
| Profit (loss) for the period | 9904 | -€11,049 | €17,786 | +€28,835 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,049 | €17,786 | +€28,835 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.