STAG LABEL: 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.
STAG LABEL
Largest movements
- Receivables within one year +€6,450
up €6,450 (+50.6%), from €12,749 to €19,199
- Cash +€6,100
up €6,100 (+3418.0%), from €178 to €6,279
mainly Net result for the year (+€8,139) and Tax, wage and social debts (+€8,044)
- Tangible fixed assets -€741
down €741 (-2.7%), from €27,083 to €26,342
of which Land and buildings: -€1,181
- Profit (loss) carried forward +€8,139
up €8,139 (+69.4%), from -€11,727 to -€3,588
- Tax, wage and social debts +€8,044
up €8,044 (+121.9%), from €6,598 to €14,642
of which Taxes: +€6,419
- Debts after one year -€3,152
down €3,152 (-23.6%), from €13,335 to €10,183
- Current portion of long-term debt +€2,263
new in 2025: €2,263
- Short-term financial debts -€2,159
no longer reported in 2025 (was €2,159)
- Gross operating margin +€9,271
up €9,271 (+118.3%), from €7,838 to €17,109
- Taxes +€2,115
up €2,115 (+125.3%), from €1,689 to €3,804
- Other operating charges +€676
up €676 (+1071.0%), from €63 to €739
- Depreciation -€449
down €449 (-15.3%), from €2,937 to €2,489
- Financial charges +€352
up €352 (+22.1%), from €1,589 to €1,941
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 | €40,112 | €52,126 | +€12,014 | +30.0% |
| Fixed assets | 21/28 | €27,083 | €26,342 | -€741 | -2.7% |
| Tangible fixed assets | 22/27 | €27,083 | €26,342 | -€741 | -2.7% |
| Land and buildings | 22 | €25,246 | €24,066 | -€1,181 | -4.7% |
| Plant, machinery and equipment | 23 | €453 | €258 | -€195 | -43.0% |
| Furniture and vehicles | 24 | €1,384 | €2,019 | +€635 | +45.9% |
| Current assets | 29/58 | €13,029 | €25,784 | +€12,755 | +97.9% |
| Amounts receivable within one year | 40/41 | €12,749 | €19,199 | +€6,450 | +50.6% |
| Trade receivables | 40 | €12,749 | €19,199 | +€6,450 | +50.6% |
| Cash at bank and in hand | 54/58 | €178 | €6,279 | +€6,100 | +3418.0% |
| Deferred charges and accrued income | 490/1 | €101 | €306 | +€205 | +202.9% |
| Total equity and liabilities | 10/49 | €40,112 | €52,126 | +€12,014 | +30.0% |
| Equity | 10/15 | €8,733 | €16,872 | +€8,139 | +93.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Capital | 10 | €20,460 | €20,460 | = | 0.0% |
| Issued capital | 100 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,727 | -€3,588 | +€8,139 | +69.4% |
| Amounts payable | 17/49 | €31,378 | €35,254 | +€3,876 | +12.4% |
| Amounts payable after more than one year | 17 | €13,335 | €10,183 | -€3,152 | -23.6% |
| Financial debts | 170/4 | €13,335 | €10,183 | -€3,152 | -23.6% |
| Amounts payable within one year | 42/48 | €17,508 | €23,978 | +€6,470 | +37.0% |
| Current portion of amounts payable after more than one year | 42 | - | €2,263 | +€2,263 | |
| Financial debts | 43 | €2,159 | - | -€2,159 | |
| Credit institutions | 430/8 | €2,159 | - | -€2,159 | |
| Trade debts | 44 | €6,527 | €5,216 | -€1,311 | -20.1% |
| Suppliers | 440/4 | €6,527 | €5,216 | -€1,311 | -20.1% |
| Taxes, remuneration and social security | 45 | €6,598 | €14,642 | +€8,044 | +121.9% |
| Taxes | 450/3 | €6,598 | €13,017 | +€6,419 | +97.3% |
| Remuneration and social security | 454/9 | - | €1,625 | +€1,625 | |
| Other amounts payable | 47/48 | €2,224 | €1,858 | -€366 | -16.5% |
| Accrued charges and deferred income | 492/3 | €535 | €1,093 | +€558 | +104.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,937 | €2,489 | -€449 | -15.3% |
| Other operating charges | 640/8 | €63 | €739 | +€676 | +1071.0% |
| Gross operating margin | 9900 | €7,838 | €17,109 | +€9,271 | +118.3% |
| Operating profit (loss) | 9901 | €4,837 | €13,882 | +€9,044 | +187.0% |
| Financial income | 75/76B | €50 | €2 | -€48 | -95.8% |
| Recurring financial income | 75 | €50 | €2 | -€48 | -95.8% |
| Financial charges | 65/66B | €1,589 | €1,941 | +€352 | +22.1% |
| Recurring financial charges | 65 | €1,589 | €1,941 | +€352 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €3,299 | €11,943 | +€8,644 | +262.1% |
| Income taxes | 67/77 | €1,689 | €3,804 | +€2,115 | +125.3% |
| Profit (loss) for the period | 9904 | €1,610 | €8,139 | +€6,529 | +405.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,610 | €8,139 | +€6,529 | +405.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.