Staes-Van Roy: 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-Van Roy
Largest movements
- Tangible fixed assets -€75,973
down €75,973 (-99.7%), from €76,170 to €197
of which Plant, machinery and equipment: -€74,149
- Cash +€21,637
up €21,637 (+444%), from €4,876 to €26,513
mainly Investment in fixed assets (net) (+€79,323) and Stocks and contracts (+€12,591)
- Stocks and contracts -€12,591
down €12,591 (-100%), from €12,591 to €0
- Receivables within one year -€4,135
down €4,135 (-100%), from €4,135 to €0
of which Other amounts receivable: -€3,895
- Financial fixed assets -€3,750
down €3,750 (-100%), from €3,750 to €0
- Debts after one year -€74,944
down €74,944 (-100%), from €74,944 to €0
- Current portion of long-term debt -€8,827
down €8,827 (-100%), from €8,827 to €0
- Profit (loss) carried forward +€6,329
up €6,329 (+13.4%), from -€47,378 to -€41,049
- Tax, wage and social debts +€3,295
up €3,295 (+143%), from €2,310 to €5,605
- Gross operating margin +€43,557
up €43,557, from -€21,534 to €22,022
- Depreciation -€7,679
down €7,679 (-95.0%), from €8,079 to €400
- Financial charges +€7,016
up €7,016 (+151%), from €4,657 to €11,672
- Other operating charges -€638
down €638 (-19.4%), from €3,280 to €2,642
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 | €101,522 | €27,032 | -€74,490 | -73.4% |
| Fixed assets | 21/28 | €79,920 | €197 | -€79,723 | -99.8% |
| Tangible fixed assets | 22/27 | €76,170 | €197 | -€75,973 | -99.7% |
| Plant, machinery and equipment | 23 | €74,346 | €197 | -€74,149 | -99.7% |
| Furniture and vehicles | 24 | €1,824 | €0 | -€1,824 | -100% |
| Financial fixed assets | 28 | €3,750 | €0 | -€3,750 | -100% |
| Current assets | 29/58 | €21,602 | €26,835 | +€5,233 | +24.2% |
| Stocks and contracts in progress | 3 | €12,591 | €0 | -€12,591 | -100% |
| Stocks | 30/36 | €12,591 | €0 | -€12,591 | -100% |
| Amounts receivable within one year | 40/41 | €4,135 | €0 | -€4,135 | -100% |
| Trade receivables | 40 | €240 | €0 | -€240 | -100% |
| Other amounts receivable | 41 | €3,895 | €0 | -€3,895 | -100% |
| Cash at bank and in hand | 54/58 | €4,876 | €26,513 | +€21,637 | +444% |
| Deferred charges and accrued income | 490/1 | - | €322 | +€322 | |
| Total equity and liabilities | 10/49 | €101,522 | €27,032 | -€74,490 | -73.4% |
| Equity | 10/15 | -€37,378 | -€31,049 | +€6,329 | +16.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,378 | -€41,049 | +€6,329 | +13.4% |
| Amounts payable | 17/49 | €138,900 | €58,082 | -€80,819 | -58.2% |
| Amounts payable after more than one year | 17 | €74,944 | €0 | -€74,944 | -100% |
| Financial debts | 170/4 | €74,944 | €0 | -€74,944 | -100% |
| Amounts payable within one year | 42/48 | €63,956 | €58,082 | -€5,874 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €8,827 | €0 | -€8,827 | -100% |
| Financial debts | 43 | €25,000 | €25,001 | +€1 | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,001 | +€1 | 0.0% |
| Trade debts | 44 | €2,311 | €1,763 | -€549 | -23.7% |
| Suppliers | 440/4 | €2,311 | €1,763 | -€549 | -23.7% |
| Taxes, remuneration and social security | 45 | €2,310 | €5,605 | +€3,295 | +143% |
| Taxes | 450/3 | €2,310 | €5,605 | +€3,295 | +143% |
| Other amounts payable | 47/48 | €25,508 | €25,713 | +€205 | +0.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €812 | €1,017 | +€206 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,079 | €400 | -€7,679 | -95.0% |
| Other operating charges | 640/8 | €3,280 | €2,642 | -€638 | -19.4% |
| Gross operating margin | 9900 | -€21,534 | €22,022 | +€43,557 | |
| Operating profit (loss) | 9901 | -€33,705 | €17,962 | +€51,668 | |
| Financial income | 75/76B | €72 | €39 | -€33 | -46.0% |
| Recurring financial income | 75 | €72 | €39 | -€33 | -46.0% |
| Financial charges | 65/66B | €4,657 | €11,672 | +€7,016 | +151% |
| Recurring financial charges | 65 | €4,657 | €11,672 | +€7,016 | +151% |
| Profit (loss) for the period before taxes | 9903 | -€38,290 | €6,329 | +€44,619 | |
| Profit (loss) for the period | 9904 | -€38,290 | €6,329 | +€44,619 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,290 | €6,329 | +€44,619 |
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 14 October 2026 via checked.be.