STAES SERVICES: 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 SERVICES
Largest movements
- Receivables within one year +€77,763
up €77,763 (+80.7%), from €96,346 to €174,109
of which Trade receivables: +€57,631
- Deferred charges and accrued income -€22,191
down €22,191 (-96.9%), from €22,913 to €721
- Cash -€4,671
no longer reported in 2025 (was €4,671)
mainly Receivables within one year (-€77,763) and Contributions, distributions and other (-€53,612)
- Tangible fixed assets +€2,591
up €2,591 (+37.5%), from €6,906 to €9,498
of which Plant, machinery and equipment: +€3,116
- Other debts +€20,961
up €20,961 (+64.2%), from €32,651 to €53,612
- Current portion of long-term debt +€16,925
up €16,925 (+219%), from €7,740 to €24,665
- Debts after one year +€13,897
up €13,897 (+1,313%), from €1,059 to €14,956
- Trade debts -€7,326
no longer reported in 2025 (was €7,326)
- Tax, wage and social debts +€4,628
up €4,628 (+40.6%), from €11,405 to €16,033
- Other operating charges -€17,996
down €17,996 (-79.4%), from €22,657 to €4,661
- Gross operating margin +€10,041
up €10,041 (+13.9%), from €72,301 to €82,342
- Taxes +€4,628
up €4,628 (+40.6%), from €11,405 to €16,033
- Financial charges +€3,372
up €3,372 (+325%), from €1,039 to €4,412
- Depreciation -€871
down €871 (-19.1%), from €4,549 to €3,678
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 | €130,837 | €184,328 | +€53,492 | +40.9% |
| Fixed assets | 21/28 | €6,906 | €9,498 | +€2,591 | +37.5% |
| Tangible fixed assets | 22/27 | €6,906 | €9,498 | +€2,591 | +37.5% |
| Plant, machinery and equipment | 23 | €4,632 | €7,748 | +€3,116 | +67.3% |
| Furniture and vehicles | 24 | €2,274 | €1,749 | -€525 | -23.1% |
| Current assets | 29/58 | €123,930 | €174,831 | +€50,900 | +41.1% |
| Amounts receivable within one year | 40/41 | €96,346 | €174,109 | +€77,763 | +80.7% |
| Trade receivables | 40 | - | €57,631 | +€57,631 | |
| Other amounts receivable | 41 | €96,346 | €116,479 | +€20,132 | +20.9% |
| Cash at bank and in hand | 54/58 | €4,671 | - | -€4,671 | |
| Deferred charges and accrued income | 490/1 | €22,913 | €721 | -€22,191 | -96.9% |
| Total equity and liabilities | 10/49 | €130,837 | €184,328 | +€53,492 | +40.9% |
| Equity | 10/15 | €70,656 | €70,602 | -€54 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,402 | €64,402 | = | 0.0% |
| Non-distributable reserves | 130/1 | €64,402 | €64,402 | = | 0.0% |
| Reserves not available under the articles | 1311 | €64,402 | €64,402 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54 | - | -€54 | |
| Amounts payable | 17/49 | €60,181 | €113,727 | +€53,546 | +89.0% |
| Amounts payable after more than one year | 17 | €1,059 | €14,956 | +€13,897 | +1,313% |
| Financial debts | 170/4 | €1,059 | €14,956 | +€13,897 | +1,313% |
| Amounts payable within one year | 42/48 | €59,122 | €98,771 | +€39,649 | +67.1% |
| Current portion of amounts payable after more than one year | 42 | €7,740 | €24,665 | +€16,925 | +219% |
| Financial debts | 43 | - | €4,461 | +€4,461 | |
| Credit institutions | 430/8 | - | €4,461 | +€4,461 | |
| Trade debts | 44 | €7,326 | - | -€7,326 | |
| Suppliers | 440/4 | €7,326 | - | -€7,326 | |
| Taxes, remuneration and social security | 45 | €11,405 | €16,033 | +€4,628 | +40.6% |
| Taxes | 450/3 | €11,405 | €16,033 | +€4,628 | +40.6% |
| Other amounts payable | 47/48 | €32,651 | €53,612 | +€20,961 | +64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,549 | €3,678 | -€871 | -19.1% |
| Other operating charges | 640/8 | €22,657 | €4,661 | -€17,996 | -79.4% |
| Gross operating margin | 9900 | €72,301 | €82,342 | +€10,041 | +13.9% |
| Operating profit (loss) | 9901 | €45,096 | €74,003 | +€28,907 | +64.1% |
| Financial charges | 65/66B | €1,039 | €4,412 | +€3,372 | +325% |
| Recurring financial charges | 65 | €1,039 | €4,412 | +€3,372 | +325% |
| Profit (loss) for the period before taxes | 9903 | €44,057 | €69,591 | +€25,535 | +58.0% |
| Income taxes | 67/77 | €11,405 | €16,033 | +€4,628 | +40.6% |
| Profit (loss) for the period | 9904 | €32,651 | €53,558 | +€20,907 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,651 | €53,558 | +€20,907 | +64.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.