STAGE SOLUTIONS: 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.
STAGE SOLUTIONS
Largest movements
- Tangible fixed assets -€29,796
down €29,796 (-10.5%), from €283,022 to €253,226
of which Plant, machinery and equipment: -€20,494
- Receivables within one year -€29,548
down €29,548 (-28.6%), from €103,168 to €73,620
of which Trade receivables: -€38,393
- Cash +€6,456
up €6,456 (+27.3%), from €23,665 to €30,121
mainly Depreciation (+€65,634) and Trade debts (+€40,972)
- Profit (loss) carried forward -€62,904
down €62,904 (-1492.5%), from -€4,215 to -€67,119
- Trade debts +€40,972
up €40,972 (+88.4%), from €46,324 to €87,296
- Debts after one year -€22,680
down €22,680 (-36.2%), from €62,670 to €39,991
- Current portion of long-term debt -€12,909
down €12,909 (-36.3%), from €35,589 to €22,680
- Other debts -€5,951
down €5,951 (-6.3%), from €95,146 to €89,195
- Taxes +€22,436
up €22,436, from €0 to €22,436
- Staff costs +€20,790
up €20,790 (+24.6%), from €84,568 to €105,358
- Gross operating margin -€11,165
down €11,165 (-7.0%), from €159,762 to €148,597
- Depreciation -€11,165
down €11,165 (-14.5%), from €76,799 to €65,634
- Financial charges +€2,857
up €2,857 (+89.2%), from €3,203 to €6,060
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €482,783 | €427,946 | -€54,837 | -11.4% |
| Fixed assets | 21/28 | €344,874 | €315,078 | -€29,796 | -8.6% |
| Tangible fixed assets | 22/27 | €283,022 | €253,226 | -€29,796 | -10.5% |
| Plant, machinery and equipment | 23 | €238,859 | €218,365 | -€20,494 | -8.6% |
| Furniture and vehicles | 24 | €44,163 | €34,861 | -€9,302 | -21.1% |
| Financial fixed assets | 28 | €61,852 | €61,852 | = | 0.0% |
| Current assets | 29/58 | €137,909 | €112,868 | -€25,041 | -18.2% |
| Amounts receivable within one year | 40/41 | €103,168 | €73,620 | -€29,548 | -28.6% |
| Trade receivables | 40 | €101,475 | €63,082 | -€38,393 | -37.8% |
| Other amounts receivable | 41 | €1,693 | €10,538 | +€8,845 | +522.4% |
| Cash at bank and in hand | 54/58 | €23,665 | €30,121 | +€6,456 | +27.3% |
| Deferred charges and accrued income | 490/1 | €11,076 | €9,127 | -€1,949 | -17.6% |
| Total equity and liabilities | 10/49 | €482,783 | €427,946 | -€54,837 | -11.4% |
| Equity | 10/15 | €209,282 | €146,377 | -€62,904 | -30.1% |
| Contributions | 10/11 | €13,300 | €13,300 | = | 0.0% |
| Reserves | 13 | €200,197 | €200,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €149 | €149 | = | 0.0% |
| Reserves not available under the articles | 1311 | €149 | €149 | = | 0.0% |
| Distributable reserves | 133 | €200,048 | €200,048 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,215 | -€67,119 | -€62,904 | -1492.5% |
| Amounts payable | 17/49 | €273,501 | €281,569 | +€8,067 | +2.9% |
| Amounts payable after more than one year | 17 | €62,670 | €39,991 | -€22,680 | -36.2% |
| Financial debts | 170/4 | €62,670 | €39,991 | -€22,680 | -36.2% |
| Amounts payable within one year | 42/48 | €210,831 | €238,987 | +€28,156 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €35,589 | €22,680 | -€12,909 | -36.3% |
| Financial debts | 43 | €440 | €1,000 | +€560 | +127.1% |
| Credit institutions | 430/8 | €440 | €1,000 | +€560 | +127.1% |
| Trade debts | 44 | €46,324 | €87,296 | +€40,972 | +88.4% |
| Suppliers | 440/4 | €46,324 | €87,296 | +€40,972 | +88.4% |
| Taxes, remuneration and social security | 45 | €33,331 | €38,816 | +€5,485 | +16.5% |
| Taxes | 450/3 | €17,642 | €23,801 | +€6,159 | +34.9% |
| Remuneration and social security | 454/9 | €15,689 | €15,015 | -€674 | -4.3% |
| Other amounts payable | 47/48 | €95,146 | €89,195 | -€5,951 | -6.3% |
| Accrued charges and deferred income | 492/3 | - | €2,591 | +€2,591 | |
| Remuneration, social security and pensions | 62 | €84,568 | €105,358 | +€20,790 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,799 | €65,634 | -€11,165 | -14.5% |
| Other operating charges | 640/8 | €14,483 | €12,467 | -€2,015 | -13.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €159,762 | €148,597 | -€11,165 | -7.0% |
| Operating profit (loss) | 9901 | -€16,088 | -€34,862 | -€18,774 | -116.7% |
| Financial income | 75/76B | €123 | €454 | +€331 | +268.1% |
| Recurring financial income | 75 | €123 | €454 | +€331 | +268.1% |
| Financial charges | 65/66B | €3,203 | €6,060 | +€2,857 | +89.2% |
| Recurring financial charges | 65 | €3,203 | €6,060 | +€2,857 | +89.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,167 | -€40,468 | -€21,301 | -111.1% |
| Income taxes | 67/77 | €0 | €22,436 | +€22,436 | |
| Profit (loss) for the period | 9904 | -€19,167 | -€62,904 | -€43,737 | -228.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,167 | -€62,904 | -€43,737 | -228.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.