STAFENDOR: 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.
STAFENDOR
Largest movements
- Tangible fixed assets +€39,082
up €39,082 (+485.9%), from €8,043 to €47,125
of which Furniture and vehicles: +€39,026
- Financial fixed assets -€9,519
no longer reported in 2025 (was €9,519)
- Cash -€3,102
down €3,102 (-48.8%), from €6,353 to €3,251
mainly Investment in fixed assets (net) (-€35,499) and Other debts (-€7,708)
- Stocks and contracts +€1,041
up €1,041 (+61.2%), from €1,700 to €2,740
- Debts after one year +€21,487
new in 2025: €21,487
- Other debts -€7,708
down €7,708 (-74.5%), from €10,341 to €2,633
- Current portion of long-term debt +€5,464
new in 2025: €5,464
- Profit (loss) carried forward +€3,704
no longer reported in 2025 (was -€3,704)
- Reserves +€2,839
new in 2025: €2,839
- Gross operating margin +€9,198
up €9,198 (+40.7%), from €22,614 to €31,812
- Depreciation +€4,150
up €4,150 (+232.4%), from €1,786 to €5,936
- Taxes +€701
up €701 (+19.1%), from €3,675 to €4,376
- Financial charges +€367
up €367 (+46.1%), from €795 to €1,162
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 | €30,995 | €58,576 | +€27,581 | +89.0% |
| Fixed assets | 21/28 | €17,562 | €47,125 | +€29,563 | +168.3% |
| Tangible fixed assets | 22/27 | €8,043 | €47,125 | +€39,082 | +485.9% |
| Land and buildings | 22 | €6,439 | €5,253 | -€1,186 | -18.4% |
| Plant, machinery and equipment | 23 | €1,604 | €2,846 | +€1,242 | +77.4% |
| Furniture and vehicles | 24 | - | €39,026 | +€39,026 | |
| Financial fixed assets | 28 | €9,519 | - | -€9,519 | |
| Current assets | 29/58 | €13,433 | €11,451 | -€1,982 | -14.8% |
| Stocks and contracts in progress | 3 | €1,700 | €2,740 | +€1,041 | +61.2% |
| Stocks | 30/36 | €1,700 | €2,740 | +€1,041 | +61.2% |
| Amounts receivable within one year | 40/41 | €4,098 | €4,313 | +€215 | +5.2% |
| Trade receivables | 40 | €3,552 | €4,313 | +€761 | +21.4% |
| Other amounts receivable | 41 | €546 | - | -€546 | |
| Cash at bank and in hand | 54/58 | €6,353 | €3,251 | -€3,102 | -48.8% |
| Deferred charges and accrued income | 490/1 | €1,283 | €1,147 | -€136 | -10.6% |
| Total equity and liabilities | 10/49 | €30,995 | €58,576 | +€27,581 | +89.0% |
| Equity | 10/15 | €14,896 | €21,439 | +€6,544 | +43.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €2,839 | +€2,839 | |
| Distributable reserves | 133 | - | €2,839 | +€2,839 | |
| Profit (loss) carried forward | 14 | -€3,704 | - | +€3,704 | |
| Amounts payable | 17/49 | €16,099 | €37,137 | +€21,038 | +130.7% |
| Amounts payable after more than one year | 17 | - | €21,487 | +€21,487 | |
| Financial debts | 170/4 | - | €21,487 | +€21,487 | |
| Amounts payable within one year | 42/48 | €16,099 | €15,650 | -€449 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,464 | +€5,464 | |
| Trade debts | 44 | €1,233 | €1,695 | +€461 | +37.4% |
| Suppliers | 440/4 | €1,233 | €1,695 | +€461 | +37.4% |
| Taxes, remuneration and social security | 45 | €4,525 | €5,859 | +€1,334 | +29.5% |
| Taxes | 450/3 | €4,525 | €5,810 | +€1,285 | +28.4% |
| Remuneration and social security | 454/9 | - | €49 | +€49 | |
| Other amounts payable | 47/48 | €10,341 | €2,633 | -€7,708 | -74.5% |
| Non-recurring operating income | 76A | - | €8,501 | +€8,501 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,786 | €5,936 | +€4,150 | +232.4% |
| Other operating charges | 640/8 | €2,404 | €2,555 | +€151 | +6.3% |
| Non-recurring operating charges | 66A | - | €9,519 | +€9,519 | |
| Gross operating margin | 9900 | €22,614 | €31,812 | +€9,198 | +40.7% |
| Operating profit (loss) | 9901 | €18,425 | €13,803 | -€4,622 | -25.1% |
| Financial income | 75/76B | €0 | €279 | +€279 | +64797.7% |
| Recurring financial income | 75 | €0 | €279 | +€279 | +64797.7% |
| Financial charges | 65/66B | €795 | €1,162 | +€367 | +46.1% |
| Recurring financial charges | 65 | €795 | €1,162 | +€367 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | €17,630 | €12,919 | -€4,710 | -26.7% |
| Income taxes | 67/77 | €3,675 | €4,376 | +€701 | +19.1% |
| Profit (loss) for the period | 9904 | €13,955 | €8,544 | -€5,411 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,955 | €8,544 | -€5,411 | -38.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.