STAESSEN FREDERIK: 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.
STAESSEN FREDERIK
Largest movements
- Cash +€32,640
up €32,640 (+106%), from €30,877 to €63,517
mainly Net result for the year (+€56,709) and Depreciation (+€29,659)
- Tangible fixed assets -€14,271
down €14,271 (-9.9%), from €144,667 to €130,396
of which Land and buildings: -€19,075
- Deferred charges and accrued income +€3,781
up €3,781 (+23.2%), from €16,275 to €20,056
- Reserves +€56,709
up €56,709 (+92.9%), from €61,053 to €117,762
of which Distributable reserves: +€56,709
- Other debts -€17,938
down €17,938 (-47.8%), from €37,489 to €19,551
- Debts after one year -€15,375
down €15,375 (-34.7%), from €44,278 to €28,902
- Current portion of long-term debt -€7,798
down €7,798 (-33.7%), from €23,173 to €15,375
- Tax, wage and social debts +€4,332
up €4,332 (+332%), from €1,303 to €5,635
- Gross operating margin +€65,774
up €65,774 (+113%), from €58,463 to €124,237
- Taxes +€24,663
up €24,663 (+743%), from €3,317 to €27,980
- Depreciation -€8,432
down €8,432 (-22.1%), from €38,090 to €29,659
- Other operating charges -€1,464
down €1,464 (-21.2%), from €6,917 to €5,453
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 | €194,000 | €214,112 | +€20,112 | +10.4% |
| Fixed assets | 21/28 | €144,712 | €130,441 | -€14,271 | -9.9% |
| Tangible fixed assets | 22/27 | €144,667 | €130,396 | -€14,271 | -9.9% |
| Land and buildings | 22 | €124,960 | €105,886 | -€19,075 | -15.3% |
| Plant, machinery and equipment | 23 | €15,740 | €15,550 | -€190 | -1.2% |
| Furniture and vehicles | 24 | €3,966 | €8,959 | +€4,994 | +126% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €49,289 | €83,672 | +€34,383 | +69.8% |
| Amounts receivable within one year | 40/41 | €2,137 | €98 | -€2,038 | -95.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,137 | €98 | -€2,038 | -95.4% |
| Cash at bank and in hand | 54/58 | €30,877 | €63,517 | +€32,640 | +106% |
| Deferred charges and accrued income | 490/1 | €16,275 | €20,056 | +€3,781 | +23.2% |
| Total equity and liabilities | 10/49 | €194,000 | €214,112 | +€20,112 | +10.4% |
| Equity | 10/15 | €79,653 | €136,362 | +€56,709 | +71.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,053 | €117,762 | +€56,709 | +92.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €59,193 | €115,902 | +€56,709 | +95.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €114,347 | €77,750 | -€36,598 | -32.0% |
| Amounts payable after more than one year | 17 | €44,278 | €28,902 | -€15,375 | -34.7% |
| Financial debts | 170/4 | €44,278 | €28,902 | -€15,375 | -34.7% |
| Amounts payable within one year | 42/48 | €67,804 | €46,255 | -€21,549 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €23,173 | €15,375 | -€7,798 | -33.7% |
| Trade debts | 44 | €5,839 | €5,695 | -€144 | -2.5% |
| Suppliers | 440/4 | €5,839 | €5,695 | -€144 | -2.5% |
| Taxes, remuneration and social security | 45 | €1,303 | €5,635 | +€4,332 | +332% |
| Taxes | 450/3 | €1,303 | €5,635 | +€4,332 | +332% |
| Other amounts payable | 47/48 | €37,489 | €19,551 | -€17,938 | -47.8% |
| Accrued charges and deferred income | 492/3 | €2,266 | €2,592 | +€326 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,090 | €29,659 | -€8,432 | -22.1% |
| Other operating charges | 640/8 | €6,917 | €5,453 | -€1,464 | -21.2% |
| Non-recurring operating charges | 66A | €270 | €127 | -€143 | -53.1% |
| Gross operating margin | 9900 | €58,463 | €124,237 | +€65,774 | +113% |
| Operating profit (loss) | 9901 | €13,185 | €88,998 | +€75,813 | +575% |
| Financial income | 75/76B | €0 | €24 | +€23 | +7,820% |
| Recurring financial income | 75 | €0 | €24 | +€23 | +7,820% |
| Financial charges | 65/66B | €3,341 | €4,333 | +€992 | +29.7% |
| Recurring financial charges | 65 | €3,341 | €4,333 | +€992 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €9,845 | €84,690 | +€74,845 | +760% |
| Income taxes | 67/77 | €3,317 | €27,980 | +€24,663 | +743% |
| Profit (loss) for the period | 9904 | €6,527 | €56,709 | +€50,182 | +769% |
| Profit (loss) for the period to be appropriated | 9905 | €6,527 | €56,709 | +€50,182 | +769% |
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 17 October 2026 via checked.be.