STAES LUC: 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 LUC
Largest movements
- Tangible fixed assets -€1,454
down €1,454 (-57.2%), from €2,544 to €1,090
- Current assets -€1,035
down €1,035 (-1.6%), from €66,507 to €65,472
of which Cash: -€788
- Debts -€4,436
down €4,436 (-6.8%), from €65,096 to €60,660
of which Debts within one year: -€9,984
- Equity +€1,947
up €1,947 (+48.3%), from €4,030 to €5,978
of which Profit (loss) carried forward: +€1,947
- Gross operating margin +€502
up €502 (+4.6%), from €11,035 to €11,538
- Depreciation -€381
down €381 (-15.6%), from €2,445 to €2,064
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,126 | €66,637 | -€2,489 | -3.6% |
| Fixed assets | 21/28 | €2,619 | €1,165 | -€1,454 | -55.5% |
| Tangible fixed assets | 22/27 | €2,544 | €1,090 | -€1,454 | -57.2% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €66,507 | €65,472 | -€1,035 | -1.6% |
| Stocks and contracts in progress | 3 | €904 | €575 | -€329 | -36.4% |
| Amounts receivable within one year | 40/41 | €63,096 | €63,719 | +€624 | +1.0% |
| Cash at bank and in hand | 54/58 | €993 | €205 | -€788 | -79.3% |
| Total equity and liabilities | 10/49 | €69,126 | €66,637 | -€2,489 | -3.6% |
| Equity | 10/15 | €4,030 | €5,978 | +€1,947 | +48.3% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €41,860 | €41,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,430 | -€54,483 | +€1,947 | +3.5% |
| Amounts payable | 17/49 | €65,096 | €60,660 | -€4,436 | -6.8% |
| Amounts payable after more than one year | 17 | €9,615 | €16,888 | +€7,272 | +75.6% |
| Amounts payable within one year | 42/48 | €53,756 | €43,772 | -€9,984 | -18.6% |
| Trade debts | 44 | €12,815 | €15,145 | +€2,329 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,445 | €2,064 | -€381 | -15.6% |
| Gross operating margin | 9900 | €11,035 | €11,538 | +€502 | +4.6% |
| Operating profit (loss) | 9901 | €7,798 | €3,185 | -€4,613 | -59.2% |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Recurring financial charges | 65 | €2,625 | €1,238 | -€1,388 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €5,180 | €1,947 | -€3,233 | -62.4% |
| Profit (loss) for the period | 9904 | €5,180 | €1,947 | -€3,233 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,180 | €1,947 | -€3,233 | -62.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.