STAF: what changed
Two fiscal 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.
STAF
Largest movements
- Tangible fixed assets +€42,638
up €42,638 (+102.5%), from €41,594 to €84,232
of which Furniture and vehicles: +€32,840
- Receivables within one year +€14,829
up €14,829 (+55.6%), from €26,668 to €41,496
of which Trade receivables: +€14,711
- Cash +€7,288
up €7,288 (+209.8%), from €3,474 to €10,762
mainly Debts after one year (+€45,648) and Net result for the year (+€18,233)
- Debts after one year +€45,648
up €45,648 (+4008.6%), from €1,139 to €46,786
- Reserves +€14,583
up €14,583 (+23.5%), from €61,971 to €76,554
of which Distributable reserves: +€14,583
- Profit (loss) carried forward +€3,650
up €3,650, from -€3,650 to €0
- Current portion of long-term debt +€3,095
up €3,095 (+61.4%), from €5,043 to €8,137
- Trade debts -€2,190
down €2,190 (-38.5%), from €5,694 to €3,504
- Gross operating margin +€28,129
up €28,129 (+158.8%), from €17,714 to €45,843
- Depreciation +€6,488
up €6,488 (+68.0%), from €9,539 to €16,027
- Taxes +€3,108
up €3,108 (+83.7%), from €3,715 to €6,823
- Financial charges +€1,090
up €1,090 (+133.1%), from €819 to €1,909
- Financial income +€722
up €722 (+137.9%), from €523 to €1,245
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.
Cash bridge derived
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 | €72,672 | €136,739 | +€64,067 | +88.2% |
| Fixed assets | 21/28 | €41,594 | €84,232 | +€42,638 | +102.5% |
| Tangible fixed assets | 22/27 | €41,594 | €84,232 | +€42,638 | +102.5% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €119 | €38 | -€81 | -67.8% |
| Furniture and vehicles | 24 | €21,957 | €54,798 | +€32,840 | +149.6% |
| Other tangible fixed assets | 26 | €19,517 | €29,396 | +€9,879 | +50.6% |
| Current assets | 29/58 | €31,078 | €52,506 | +€21,429 | +69.0% |
| Amounts receivable within one year | 40/41 | €26,668 | €41,496 | +€14,829 | +55.6% |
| Trade receivables | 40 | €14,417 | €29,128 | +€14,711 | +102.0% |
| Other amounts receivable | 41 | €12,251 | €12,368 | +€118 | +1.0% |
| Cash at bank and in hand | 54/58 | €3,474 | €10,762 | +€7,288 | +209.8% |
| Deferred charges and accrued income | 490/1 | €936 | €248 | -€688 | -73.6% |
| Total equity and liabilities | 10/49 | €72,672 | €136,739 | +€64,067 | +88.2% |
| Equity | 10/15 | €59,561 | €77,794 | +€18,233 | +30.6% |
| Contributions | 10/11 | €1,240 | €1,240 | = | 0.0% |
| Reserves | 13 | €61,971 | €76,554 | +€14,583 | +23.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €61,971 | €76,554 | +€14,583 | +23.5% |
| Profit (loss) carried forward | 14 | -€3,650 | €0 | +€3,650 | |
| Amounts payable | 17/49 | €13,111 | €58,944 | +€45,833 | +349.6% |
| Amounts payable after more than one year | 17 | €1,139 | €46,786 | +€45,648 | +4008.6% |
| Financial debts | 170/4 | €1,139 | €46,786 | +€45,648 | +4008.6% |
| Amounts payable within one year | 42/48 | €11,972 | €12,014 | +€42 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €5,043 | €8,137 | +€3,095 | +61.4% |
| Trade debts | 44 | €5,694 | €3,504 | -€2,190 | -38.5% |
| Suppliers | 440/4 | €5,694 | €3,504 | -€2,190 | -38.5% |
| Taxes, remuneration and social security | 45 | €1,236 | €373 | -€863 | -69.8% |
| Taxes | 450/3 | €1,236 | €373 | -€863 | -69.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €144 | +€144 | |
| Non-recurring operating income | 76A | €0 | €6,591 | +€6,591 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,539 | €16,027 | +€6,488 | +68.0% |
| Other operating charges | 640/8 | €1,577 | €1,453 | -€125 | -7.9% |
| Non-recurring operating charges | 66A | €0 | €2,642 | +€2,642 | |
| Gross operating margin | 9900 | €17,714 | €45,843 | +€28,129 | +158.8% |
| Operating profit (loss) | 9901 | €6,598 | €25,721 | +€19,123 | +289.9% |
| Financial income | 75/76B | €523 | €1,245 | +€722 | +137.9% |
| Recurring financial income | 75 | €523 | €1,245 | +€722 | +137.9% |
| Financial charges | 65/66B | €819 | €1,909 | +€1,090 | +133.1% |
| Recurring financial charges | 65 | €819 | €1,909 | +€1,090 | +133.1% |
| Profit (loss) for the period before taxes | 9903 | €6,302 | €25,056 | +€18,755 | +297.6% |
| Income taxes | 67/77 | €3,715 | €6,823 | +€3,108 | +83.7% |
| Profit (loss) for the period | 9904 | €2,587 | €18,233 | +€15,647 | +604.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,587 | €18,233 | +€15,647 | +604.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.