STAF TOURS: 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.
STAF TOURS
Largest movements
- Receivables within one year +€108,468
up €108,468 (+20.5%), from €530,101 to €638,570
of which Trade receivables: +€100,706
- Cash -€97,932
down €97,932 (-26.6%), from €368,174 to €270,242
mainly Advances received (-€130,619) and Receivables within one year (-€108,468)
- Deferred charges and accrued income -€75,162
no longer reported in 2025 (was €75,162)
- Tangible fixed assets +€30,529
up €30,529 (+239%), from €12,787 to €43,316
of which Furniture and vehicles: +€31,959
- Advances received -€130,619
down €130,619 (-18.7%), from €697,052 to €566,433
- Reserves +€69,937
up €69,937 (+59.8%), from €117,002 to €186,939
- Trade debts +€41,764
up €41,764 (+117%), from €35,706 to €77,470
- Accrued charges and deferred income -€41,036
down €41,036 (-93.1%), from €44,089 to €3,054
- Tax, wage and social debts +€18,857
up €18,857 (+32.6%), from €57,878 to €76,734
of which Taxes: +€20,828
- Staff costs -€35,253
down €35,253 (-15.2%), from €232,592 to €197,339
- Taxes +€17,485
up €17,485 (+176%), from €9,949 to €27,434
- Gross operating margin -€16,916
down €16,916 (-5.2%), from €324,516 to €307,599
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 | €1,040,127 | €999,030 | -€41,097 | -4.0% |
| Fixed assets | 21/28 | €66,689 | €90,219 | +€23,529 | +35.3% |
| Intangible fixed assets | 21 | €52,663 | €45,663 | -€7,000 | -13.3% |
| Tangible fixed assets | 22/27 | €12,787 | €43,316 | +€30,529 | +239% |
| Plant, machinery and equipment | 23 | €2,382 | €1,949 | -€434 | -18.2% |
| Furniture and vehicles | 24 | €1,854 | €33,813 | +€31,959 | +1,724% |
| Other tangible fixed assets | 26 | €8,550 | €7,555 | -€995 | -11.6% |
| Financial fixed assets | 28 | €1,239 | €1,239 | = | 0.0% |
| Current assets | 29/58 | €973,438 | €908,812 | -€64,626 | -6.6% |
| Amounts receivable within one year | 40/41 | €530,101 | €638,570 | +€108,468 | +20.5% |
| Trade receivables | 40 | €515,438 | €616,144 | +€100,706 | +19.5% |
| Other amounts receivable | 41 | €14,663 | €22,425 | +€7,762 | +52.9% |
| Cash at bank and in hand | 54/58 | €368,174 | €270,242 | -€97,932 | -26.6% |
| Deferred charges and accrued income | 490/1 | €75,162 | - | -€75,162 | |
| Total equity and liabilities | 10/49 | €1,040,127 | €999,030 | -€41,097 | -4.0% |
| Equity | 10/15 | €205,402 | €275,339 | +€69,937 | +34.0% |
| Contributions | 10/11 | €88,400 | €88,400 | = | 0.0% |
| Reserves | 13 | €117,002 | €186,939 | +€69,937 | +59.8% |
| Distributable reserves | 133 | €117,002 | €186,939 | +€69,937 | +59.8% |
| Amounts payable | 17/49 | €834,725 | €723,691 | -€111,033 | -13.3% |
| Amounts payable within one year | 42/48 | €790,635 | €720,638 | -€69,998 | -8.9% |
| Trade debts | 44 | €35,706 | €77,470 | +€41,764 | +117% |
| Suppliers | 440/4 | €35,706 | €77,470 | +€41,764 | +117% |
| Advances received on contracts in progress | 46 | €697,052 | €566,433 | -€130,619 | -18.7% |
| Taxes, remuneration and social security | 45 | €57,878 | €76,734 | +€18,857 | +32.6% |
| Taxes | 450/3 | €12,191 | €33,019 | +€20,828 | +171% |
| Remuneration and social security | 454/9 | €45,686 | €43,715 | -€1,971 | -4.3% |
| Accrued charges and deferred income | 492/3 | €44,089 | €3,054 | -€41,036 | -93.1% |
| Remuneration, social security and pensions | 62 | €232,592 | €197,339 | -€35,253 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,085 | €10,546 | +€1,461 | +16.1% |
| Other operating charges | 640/8 | €983 | €1,217 | +€234 | +23.9% |
| Gross operating margin | 9900 | €324,516 | €307,599 | -€16,916 | -5.2% |
| Operating profit (loss) | 9901 | €81,856 | €98,498 | +€16,641 | +20.3% |
| Financial income | 75/76B | €1,006 | €4,042 | +€3,036 | +302% |
| Recurring financial income | 75 | €1,006 | €4,042 | +€3,036 | +302% |
| Financial charges | 65/66B | €4,823 | €5,168 | +€345 | +7.2% |
| Recurring financial charges | 65 | €4,823 | €5,168 | +€345 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €78,039 | €97,371 | +€19,332 | +24.8% |
| Income taxes | 67/77 | €9,949 | €27,434 | +€17,485 | +176% |
| Profit (loss) for the period | 9904 | €68,090 | €69,937 | +€1,847 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,090 | €69,937 | +€1,847 | +2.7% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.