STAFORT: 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.
STAFORT
Largest movements
- Tangible fixed assets +€120,436
up €120,436 (+129.1%), from €93,324 to €213,759
of which Furniture and vehicles: +€132,317
- Cash +€95,954
up €95,954 (+49.4%), from €194,186 to €290,140
mainly Trade debts (+€150,572) and Net result for the year (+€142,206)
- Receivables within one year -€75,990
down €75,990 (-34.4%), from €221,072 to €145,081
of which Other amounts receivable: -€84,550
- Current investments +€74,752
new in 2025: €74,752
- Deferred charges and accrued income +€7,646
up €7,646 (+236.7%), from €3,231 to €10,877
- Trade debts +€150,572
up €150,572 (+568.2%), from €26,499 to €177,071
- Profit (loss) carried forward +€42,206
up €42,206 (+13.5%), from €312,393 to €354,599
- Debts after one year +€27,515
up €27,515, from €0 to €27,515
- Other debts +€23,018
up €23,018 (+29.9%), from €76,982 to €100,000
- Tax, wage and social debts -€10,843
down €10,843 (-52.1%), from €20,832 to €9,989
of which Remuneration and social security: -€16,637
- Gross operating margin +€119,034
up €119,034 (+76.6%), from €155,375 to €274,409
- Taxes +€17,270
up €17,270 (+163.0%), from €10,598 to €27,868
- Staff costs -€16,027
down €16,027 (-24.2%), from €66,108 to €50,081
- Depreciation +€8,489
up €8,489 (+18.0%), from €47,284 to €55,773
- Financial charges -€5,178
down €5,178 (-73.5%), from €7,047 to €1,869
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 | €514,233 | €734,610 | +€220,377 | +42.9% |
| Fixed assets | 21/28 | €93,543 | €213,759 | +€120,216 | +128.5% |
| Tangible fixed assets | 22/27 | €93,324 | €213,759 | +€120,436 | +129.1% |
| Land and buildings | 22 | €32,507 | €22,335 | -€10,172 | -31.3% |
| Plant, machinery and equipment | 23 | €16,703 | €14,993 | -€1,710 | -10.2% |
| Furniture and vehicles | 24 | €44,114 | €176,431 | +€132,317 | +299.9% |
| Financial fixed assets | 28 | €219 | - | -€219 | |
| Current assets | 29/58 | €420,690 | €520,851 | +€100,161 | +23.8% |
| Stocks and contracts in progress | 3 | €2,201 | - | -€2,201 | |
| Stocks | 30/36 | €2,201 | - | -€2,201 | |
| Amounts receivable within one year | 40/41 | €221,072 | €145,081 | -€75,990 | -34.4% |
| Trade receivables | 40 | €20,824 | €29,384 | +€8,560 | +41.1% |
| Other amounts receivable | 41 | €200,248 | €115,698 | -€84,550 | -42.2% |
| Current investments | 50/53 | - | €74,752 | +€74,752 | |
| Cash at bank and in hand | 54/58 | €194,186 | €290,140 | +€95,954 | +49.4% |
| Deferred charges and accrued income | 490/1 | €3,231 | €10,877 | +€7,646 | +236.7% |
| Total equity and liabilities | 10/49 | €514,233 | €734,610 | +€220,377 | +42.9% |
| Equity | 10/15 | €370,344 | €412,550 | +€42,206 | +11.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €39,359 | €39,359 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €312,393 | €354,599 | +€42,206 | +13.5% |
| Amounts payable | 17/49 | €143,889 | €322,060 | +€178,171 | +123.8% |
| Amounts payable after more than one year | 17 | €0 | €27,515 | +€27,515 | |
| Financial debts | 170/4 | €0 | €27,515 | +€27,515 | |
| Amounts payable within one year | 42/48 | €143,889 | €294,545 | +€150,656 | +104.7% |
| Current portion of amounts payable after more than one year | 42 | €14,436 | €7,485 | -€6,951 | -48.1% |
| Trade debts | 44 | €26,499 | €177,071 | +€150,572 | +568.2% |
| Suppliers | 440/4 | €26,499 | €177,071 | +€150,572 | +568.2% |
| Advances received on contracts in progress | 46 | €5,140 | - | -€5,140 | |
| Taxes, remuneration and social security | 45 | €20,832 | €9,989 | -€10,843 | -52.1% |
| Taxes | 450/3 | €4,195 | €9,989 | +€5,794 | +138.1% |
| Remuneration and social security | 454/9 | €16,637 | - | -€16,637 | |
| Other amounts payable | 47/48 | €76,982 | €100,000 | +€23,018 | +29.9% |
| Non-recurring operating income | 76A | €0 | €48,346 | +€48,346 | |
| Remuneration, social security and pensions | 62 | €66,108 | €50,081 | -€16,027 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,284 | €55,773 | +€8,489 | +18.0% |
| Other operating charges | 640/8 | €2,439 | €5,180 | +€2,740 | +112.3% |
| Non-recurring operating charges | 66A | €600 | - | -€600 | |
| Gross operating margin | 9900 | €155,375 | €274,409 | +€119,034 | +76.6% |
| Operating profit (loss) | 9901 | €38,945 | €163,376 | +€124,431 | +319.5% |
| Financial income | 75/76B | €11,980 | €8,567 | -€3,413 | -28.5% |
| Recurring financial income | 75 | €11,980 | €8,567 | -€3,413 | -28.5% |
| Financial charges | 65/66B | €7,047 | €1,869 | -€5,178 | -73.5% |
| Recurring financial charges | 65 | €7,047 | €1,869 | -€5,178 | -73.5% |
| Profit (loss) for the period before taxes | 9903 | €43,878 | €170,074 | +€126,196 | +287.6% |
| Income taxes | 67/77 | €10,598 | €27,868 | +€17,270 | +163.0% |
| Profit (loss) for the period | 9904 | €33,280 | €142,206 | +€108,926 | +327.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,280 | €142,206 | +€108,926 | +327.3% |
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 10 October 2026 via checked.be.