STAES SPORT: what changed
STAES SPORT
Largest movements
- Stocks and contracts -€69,513
down €69,513 (-18.6%), from €373,266 to €303,753
- Receivables within one year +€22,568
up €22,568 (+12.1%), from €185,814 to €208,382
- Cash -€18,770
down €18,770 (-54.7%), from €34,341 to €15,571
mainly Current portion of long-term debt (-€55,000) and Trade debts (-€31,168)
- Current portion of long-term debt -€55,000
down €55,000 (-35.5%), from €155,000 to €100,000
- Trade debts -€31,168
down €31,168 (-33.3%), from €93,522 to €62,354
- Profit (loss) carried forward +€21,905
up €21,905 (+7.4%), from €296,997 to €318,902
- Gross operating margin +€14,215
up €14,215 (+18.2%), from €78,221 to €92,435
- Staff costs +€11,665
up €11,665 (+28.6%), from €40,807 to €52,471
- Taxes +€6,192
up €6,192 (+151%), from €4,097 to €10,289
- Financial income +€4,483
new in 2025: €4,483
of which Financial income: +€4,483
- Other operating charges -€3,938
down €3,938 (-97.4%), from €4,042 to €104
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €614,426 | €547,857 | -€66,569 | -10.8% |
| Fixed assets | 21/28 | €6,807 | €5,516 | -€1,291 | -19.0% |
| Tangible fixed assets | 22/27 | €4,546 | €3,255 | -€1,291 | -28.4% |
| Plant, machinery and equipment | 23 | €4,546 | €3,255 | -€1,291 | -28.4% |
| Financial fixed assets | 28 | €2,261 | €2,261 | = | 0.0% |
| Current assets | 29/58 | €607,619 | €542,341 | -€65,278 | -10.7% |
| Stocks and contracts in progress | 3 | €373,266 | €303,753 | -€69,513 | -18.6% |
| Stocks | 30/36 | €373,266 | €303,753 | -€69,513 | -18.6% |
| Amounts receivable within one year | 40/41 | €185,814 | €208,382 | +€22,568 | +12.1% |
| Other amounts receivable | 41 | €185,814 | €208,382 | +€22,568 | +12.1% |
| Cash at bank and in hand | 54/58 | €34,341 | €15,571 | -€18,770 | -54.7% |
| Deferred charges and accrued income | 490/1 | €14,198 | €14,635 | +€437 | +3.1% |
| Total equity and liabilities | 10/49 | €614,426 | €547,857 | -€66,569 | -10.8% |
| Equity | 10/15 | €351,533 | €373,438 | +€21,905 | +6.2% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Contributions outside capital | 11 | €49,579 | €49,579 | = | 0.0% |
| Other | 1109/19 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €4,958 | €4,958 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | €296,997 | €318,902 | +€21,905 | +7.4% |
| Amounts payable | 17/49 | €262,892 | €174,419 | -€88,474 | -33.7% |
| Amounts payable within one year | 42/48 | €262,892 | €174,419 | -€88,474 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €155,000 | €100,000 | -€55,000 | -35.5% |
| Trade debts | 44 | €93,522 | €62,354 | -€31,168 | -33.3% |
| Suppliers | 440/4 | €93,522 | €62,354 | -€31,168 | -33.3% |
| Taxes, remuneration and social security | 45 | €14,370 | €12,065 | -€2,305 | -16.0% |
| Taxes | 450/3 | €4,564 | €10,851 | +€6,287 | +138% |
| Remuneration and social security | 454/9 | €9,806 | €1,214 | -€8,592 | -87.6% |
| Remuneration, social security and pensions | 62 | €40,807 | €52,471 | +€11,665 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,291 | €1,291 | = | 0.0% |
| Other operating charges | 640/8 | €4,042 | €104 | -€3,938 | -97.4% |
| Gross operating margin | 9900 | €78,221 | €92,435 | +€14,215 | +18.2% |
| Operating profit (loss) | 9901 | €32,082 | €38,569 | +€6,488 | +20.2% |
| Financial income | 75/76B | - | €4,483 | +€4,483 | |
| Recurring financial income | 75 | - | €4,483 | +€4,483 | |
| Non-recurring financial income | 76B | - | €4,483 | +€4,483 | |
| Financial charges | 65/66B | €11,009 | €10,859 | -€151 | -1.4% |
| Recurring financial charges | 65 | €11,009 | €10,859 | -€151 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €21,072 | €32,194 | +€11,121 | +52.8% |
| Income taxes | 67/77 | €4,097 | €10,289 | +€6,192 | +151% |
| Profit (loss) for the period | 9904 | €16,976 | €21,905 | +€4,929 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,976 | €21,905 | +€4,929 | +29.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.