Staes Elek: 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.
Staes Elek
Largest movements
- Tangible fixed assets -€16,209
down €16,209 (-42.3%), from €38,314 to €22,106
of which Furniture and vehicles: -€13,390
- Deferred charges and accrued income +€8,046
new in 2025: €8,046
- Cash -€3,679
down €3,679 (-54.3%), from €6,779 to €3,100
mainly Other debts (-€19,706) and Deferred charges and accrued income (-€8,046)
- Receivables within one year +€3,107
up €3,107 (+40.2%), from €7,737 to €10,844
of which Other amounts receivable: +€2,669
- Formation expenses -€544
down €544 (-100%), from €544 to €0
- Other debts -€19,706
down €19,706 (-99.5%), from €19,807 to €100
- Trade debts +€13,120
up €13,120 (+184%), from €7,140 to €20,260
- Accrued charges and deferred income -€2,648
down €2,648 (-51.6%), from €5,134 to €2,486
- Depreciation +€10,609
up €10,609 (+173%), from €6,143 to €16,752
- Gross operating margin -€5,905
down €5,905 (-25.4%), from €23,247 to €17,342
- Taxes -€5,220
down €5,220 (-100%), from €5,220 to €0
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 | €53,375 | €44,096 | -€9,279 | -17.4% |
| Formation expenses | 20 | €544 | €0 | -€544 | -100% |
| Fixed assets | 21/28 | €38,314 | €22,106 | -€16,209 | -42.3% |
| Tangible fixed assets | 22/27 | €38,314 | €22,106 | -€16,209 | -42.3% |
| Plant, machinery and equipment | 23 | €5,537 | €2,717 | -€2,819 | -50.9% |
| Furniture and vehicles | 24 | €32,778 | €19,388 | -€13,390 | -40.8% |
| Current assets | 29/58 | €14,517 | €21,990 | +€7,474 | +51.5% |
| Amounts receivable within one year | 40/41 | €7,737 | €10,844 | +€3,107 | +40.2% |
| Trade receivables | 40 | €7,159 | €7,596 | +€438 | +6.1% |
| Other amounts receivable | 41 | €579 | €3,248 | +€2,669 | +461% |
| Cash at bank and in hand | 54/58 | €6,779 | €3,100 | -€3,679 | -54.3% |
| Deferred charges and accrued income | 490/1 | - | €8,046 | +€8,046 | |
| Total equity and liabilities | 10/49 | €53,375 | €44,096 | -€9,279 | -17.4% |
| Equity | 10/15 | €16,074 | €16,030 | -€44 | -0.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,074 | €11,074 | = | 0.0% |
| Distributable reserves | 133 | €11,074 | €11,074 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€44 | -€44 | |
| Amounts payable | 17/49 | €37,301 | €28,066 | -€9,235 | -24.8% |
| Amounts payable within one year | 42/48 | €32,167 | €25,580 | -€6,587 | -20.5% |
| Trade debts | 44 | €7,140 | €20,260 | +€13,120 | +184% |
| Suppliers | 440/4 | €7,140 | €20,260 | +€13,120 | +184% |
| Taxes, remuneration and social security | 45 | €5,220 | €5,220 | = | 0.0% |
| Taxes | 450/3 | €5,220 | €5,220 | = | 0.0% |
| Other amounts payable | 47/48 | €19,807 | €100 | -€19,706 | -99.5% |
| Accrued charges and deferred income | 492/3 | €5,134 | €2,486 | -€2,648 | -51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,143 | €16,752 | +€10,609 | +173% |
| Other operating charges | 640/8 | €709 | €585 | -€124 | -17.5% |
| Gross operating margin | 9900 | €23,247 | €17,342 | -€5,905 | -25.4% |
| Operating profit (loss) | 9901 | €16,394 | €5 | -€16,390 | -100.0% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €100 | €59 | -€41 | -41.3% |
| Recurring financial charges | 65 | €100 | €59 | -€41 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €16,294 | -€44 | -€16,338 | |
| Income taxes | 67/77 | €5,220 | €0 | -€5,220 | -100% |
| Profit (loss) for the period | 9904 | €11,074 | -€44 | -€11,117 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,074 | -€44 | -€11,117 |
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 13 October 2026 via checked.be.