STAET: 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.
STAET
Largest movements
- Tangible fixed assets -€19,149
down €19,149 (-47.9%), from €39,992 to €20,844
of which Furniture and vehicles: -€12,615
- Current investments -€14,424
no longer reported in 2024 (was €14,424)
- Cash +€14,175
new in 2024: €14,175
mainly Depreciation (+€19,149) and Current investments (+€14,424)
- Receivables within one year +€5,620
up €5,620 (+64.0%), from €8,778 to €14,397
of which Trade receivables: +€3,132
- Debts after one year -€19,114
down €19,114 (-31.9%), from €59,851 to €40,737
- Trade debts -€10,199
no longer reported in 2024 (was €10,199)
- Reserves +€6,773
up €6,773 (+18.3%), from €37,109 to €43,882
- Current portion of long-term debt +€5,736
up €5,736 (+69.9%), from €8,205 to €13,940
- Tax, wage and social debts +€3,026
up €3,026 (+195%), from €1,554 to €4,580
- Gross operating margin +€27,546
up €27,546 (+1,243%), from €2,215 to €29,761
- Staff costs -€8,943
no longer reported in 2024 (was €8,943)
- Financial income -€3,228
down €3,228 (-100.0%), from €3,229 to €1
- Taxes -€2,761
down €2,761 (-78.9%), from €3,498 to €737
- Depreciation -€1,814
down €1,814 (-8.7%), from €20,963 to €19,149
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,339 | €50,561 | -€13,778 | -21.4% |
| Fixed assets | 21/28 | €41,138 | €21,989 | -€19,149 | -46.5% |
| Tangible fixed assets | 22/27 | €39,992 | €20,844 | -€19,149 | -47.9% |
| Plant, machinery and equipment | 23 | €12,261 | €5,727 | -€6,534 | -53.3% |
| Furniture and vehicles | 24 | €27,731 | €15,116 | -€12,615 | -45.5% |
| Financial fixed assets | 28 | €1,146 | €1,146 | = | 0.0% |
| Current assets | 29/58 | €23,201 | €28,572 | +€5,371 | +23.1% |
| Amounts receivable within one year | 40/41 | €8,778 | €14,397 | +€5,620 | +64.0% |
| Trade receivables | 40 | €6,659 | €9,791 | +€3,132 | +47.0% |
| Other amounts receivable | 41 | €2,118 | €4,606 | +€2,488 | +117% |
| Current investments | 50/53 | €14,424 | - | -€14,424 | |
| Cash at bank and in hand | 54/58 | - | €14,175 | +€14,175 | |
| Total equity and liabilities | 10/49 | €64,339 | €50,561 | -€13,778 | -21.4% |
| Equity | 10/15 | -€15,469 | -€8,696 | +€6,773 | +43.8% |
| Contributions | 10/11 | €16,324 | €16,324 | = | 0.0% |
| Reserves | 13 | €37,109 | €43,882 | +€6,773 | +18.3% |
| Non-distributable reserves | 130/1 | €37,109 | €43,882 | +€6,773 | +18.3% |
| Other | 1319 | €37,109 | €43,882 | +€6,773 | +18.3% |
| Profit (loss) carried forward | 14 | -€68,902 | -€68,902 | = | 0.0% |
| Amounts payable | 17/49 | €79,808 | €59,257 | -€20,551 | -25.8% |
| Amounts payable after more than one year | 17 | €59,851 | €40,737 | -€19,114 | -31.9% |
| Financial debts | 170/4 | €59,851 | €40,737 | -€19,114 | -31.9% |
| Amounts payable within one year | 42/48 | €19,957 | €18,520 | -€1,437 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €8,205 | €13,940 | +€5,736 | +69.9% |
| Trade debts | 44 | €10,199 | - | -€10,199 | |
| Suppliers | 440/4 | €10,199 | - | -€10,199 | |
| Taxes, remuneration and social security | 45 | €1,554 | €4,580 | +€3,026 | +195% |
| Taxes | 450/3 | €1,554 | €4,580 | +€3,026 | +195% |
| Remuneration, social security and pensions | 62 | €8,943 | - | -€8,943 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,963 | €19,149 | -€1,814 | -8.7% |
| Other operating charges | 640/8 | €190 | €513 | +€323 | +170% |
| Gross operating margin | 9900 | €2,215 | €29,761 | +€27,546 | +1,243% |
| Operating profit (loss) | 9901 | -€27,880 | €10,099 | +€37,979 | |
| Financial income | 75/76B | €3,229 | €1 | -€3,228 | -100.0% |
| Recurring financial income | 75 | €3,229 | €1 | -€3,228 | -100.0% |
| Financial charges | 65/66B | €3,647 | €2,590 | -€1,057 | -29.0% |
| Recurring financial charges | 65 | €3,647 | €2,590 | -€1,057 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,298 | €7,510 | +€35,809 | |
| Income taxes | 67/77 | €3,498 | €737 | -€2,761 | -78.9% |
| Profit (loss) for the period | 9904 | -€31,796 | €6,773 | +€38,569 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,796 | €6,773 | +€38,569 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.