Stage on Wheels: 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.
Stage on Wheels
Largest movements
- Tangible fixed assets -€6,366
down €6,366 (-10.8%), from €58,884 to €52,518
of which Plant, machinery and equipment: -€4,456
- Cash +€5,863
up €5,863 (+29.6%), from €19,811 to €25,674
mainly Depreciation (+€6,945) and Other debts (+€599)
- Receivables within one year +€1,082
up €1,082 (+854%), from €127 to €1,209
of which Trade receivables: +€1,043
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€6,032
up €6,032 (+360%), from €1,675 to €7,707
- Depreciation +€1,479
up €1,479 (+27.1%), from €5,466 to €6,945
- Other operating charges +€405
up €405 (+126%), from €321 to €726
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 | €83,640 | €84,310 | +€671 | +0.8% |
| Formation expenses | 20 | €713 | €523 | -€190 | -26.7% |
| Fixed assets | 21/28 | €60,376 | €53,621 | -€6,755 | -11.2% |
| Intangible fixed assets | 21 | €1,493 | €1,103 | -€389 | -26.1% |
| Tangible fixed assets | 22/27 | €58,884 | €52,518 | -€6,366 | -10.8% |
| Plant, machinery and equipment | 23 | €41,219 | €36,762 | -€4,456 | -10.8% |
| Furniture and vehicles | 24 | €17,665 | €15,755 | -€1,910 | -10.8% |
| Current assets | 29/58 | €22,550 | €30,166 | +€7,616 | +33.8% |
| Amounts receivable within one year | 40/41 | €127 | €1,209 | +€1,082 | +854% |
| Trade receivables | 40 | - | €1,043 | +€1,043 | |
| Other amounts receivable | 41 | €127 | €165 | +€39 | +30.6% |
| Cash at bank and in hand | 54/58 | €19,811 | €25,674 | +€5,863 | +29.6% |
| Deferred charges and accrued income | 490/1 | €2,612 | €3,283 | +€671 | +25.7% |
| Total equity and liabilities | 10/49 | €83,640 | €84,310 | +€671 | +0.8% |
| Equity | 10/15 | €699 | €569 | -€129 | -18.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,301 | -€4,431 | -€129 | -3.0% |
| Amounts payable | 17/49 | €82,941 | €83,741 | +€800 | +1.0% |
| Amounts payable after more than one year | 17 | €82,500 | €82,500 | = | 0.0% |
| Financial debts | 170/4 | €82,500 | €82,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €441 | €1,241 | +€800 | +181% |
| Trade debts | 44 | - | €201 | +€201 | |
| Suppliers | 440/4 | - | €201 | +€201 | |
| Other amounts payable | 47/48 | €441 | €1,040 | +€599 | +136% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,466 | €6,945 | +€1,479 | +27.1% |
| Other operating charges | 640/8 | €321 | €726 | +€405 | +126% |
| Gross operating margin | 9900 | €1,675 | €7,707 | +€6,032 | +360% |
| Operating profit (loss) | 9901 | -€4,113 | €35 | +€4,148 | |
| Financial charges | 65/66B | €189 | €165 | -€24 | -12.8% |
| Recurring financial charges | 65 | €189 | €165 | -€24 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,301 | -€129 | +€4,172 | +97.0% |
| Profit (loss) for the period | 9904 | -€4,301 | -€129 | +€4,172 | +97.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,301 | -€129 | +€4,172 | +97.0% |
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 15 October 2026 via checked.be.