STAGELINER: what changed
STAGELINER
Largest movements
- Cash +€34,998
up €34,998 (+84.8%), from €41,287 to €76,285
mainly Net result for the year (+€54,123) and Depreciation (+€17,423)
- Receivables within one year +€21,432
up €21,432 (+39.7%), from €53,997 to €75,429
of which Trade receivables: +€13,673
- Profit (loss) carried forward +€37,006
no longer reported in 2025 (was -€37,006)
- Accrued charges and deferred income -€21,191
no longer reported in 2025 (was €21,191)
- Reserves +€17,117
up €17,117 (+9.4%), from €181,496 to €198,612
- Trade debts +€12,600
up €12,600 (+324%), from €3,884 to €16,484
- Tax, wage and social debts +€12,283
up €12,283 (+171%), from €7,201 to €19,484
- Gross operating margin +€56,468
up €56,468 (+277%), from €20,396 to €76,864
- Financial income -€9,617
down €9,617 (-98.6%), from €9,752 to €135
of which Non-recurring financial income: -€9,615
- Depreciation +€6,657
up €6,657 (+61.8%), from €10,767 to €17,423
- Taxes +€2,407
up €2,407 (+753%), from €320 to €2,727
- Other operating charges -€1,747
down €1,747 (-44.3%), from €3,940 to €2,194
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €197,886 | €255,700 | +€57,814 | +29.2% |
| Fixed assets | 21/28 | €98,875 | €99,458 | +€584 | +0.6% |
| Tangible fixed assets | 22/27 | €79,835 | €80,419 | +€584 | +0.7% |
| Land and buildings | 22 | €60,069 | €56,989 | -€3,080 | -5.1% |
| Furniture and vehicles | 24 | €19,766 | €23,430 | +€3,663 | +18.5% |
| Financial fixed assets | 28 | €19,039 | €19,039 | = | 0.0% |
| Current assets | 29/58 | €99,011 | €156,242 | +€57,231 | +57.8% |
| Amounts receivable within one year | 40/41 | €53,997 | €75,429 | +€21,432 | +39.7% |
| Trade receivables | 40 | €6,244 | €19,917 | +€13,673 | +219% |
| Other amounts receivable | 41 | €47,753 | €55,512 | +€7,759 | +16.2% |
| Cash at bank and in hand | 54/58 | €41,287 | €76,285 | +€34,998 | +84.8% |
| Deferred charges and accrued income | 490/1 | €3,727 | €4,529 | +€801 | +21.5% |
| Total equity and liabilities | 10/49 | €197,886 | €255,700 | +€57,814 | +29.2% |
| Equity | 10/15 | €163,090 | €217,212 | +€54,123 | +33.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181,496 | €198,612 | +€17,117 | +9.4% |
| Distributable reserves | 133 | €181,496 | €198,612 | +€17,117 | +9.4% |
| Profit (loss) carried forward | 14 | -€37,006 | - | +€37,006 | |
| Amounts payable | 17/49 | €34,796 | €38,488 | +€3,692 | +10.6% |
| Amounts payable within one year | 42/48 | €13,605 | €38,488 | +€24,883 | +183% |
| Trade debts | 44 | €3,884 | €16,484 | +€12,600 | +324% |
| Suppliers | 440/4 | €3,884 | €16,484 | +€12,600 | +324% |
| Taxes, remuneration and social security | 45 | €7,201 | €19,484 | +€12,283 | +171% |
| Taxes | 450/3 | €7,201 | €19,484 | +€12,283 | +171% |
| Other amounts payable | 47/48 | €2,520 | €2,520 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €21,191 | - | -€21,191 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,767 | €17,423 | +€6,657 | +61.8% |
| Other operating charges | 640/8 | €3,940 | €2,194 | -€1,747 | -44.3% |
| Gross operating margin | 9900 | €20,396 | €76,864 | +€56,468 | +277% |
| Operating profit (loss) | 9901 | €5,688 | €57,247 | +€51,559 | +906% |
| Financial income | 75/76B | €9,752 | €135 | -€9,617 | -98.6% |
| Recurring financial income | 75 | €2 | €135 | +€133 | +6,650% |
| Non-recurring financial income | 76B | €9,750 | €135 | -€9,615 | -98.6% |
| Financial charges | 65/66B | €556 | €533 | -€23 | -4.1% |
| Recurring financial charges | 65 | €556 | €533 | -€23 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €14,884 | €56,849 | +€41,965 | +282% |
| Income taxes | 67/77 | €320 | €2,727 | +€2,407 | +753% |
| Profit (loss) for the period | 9904 | €14,565 | €54,123 | +€39,558 | +272% |
| Profit (loss) for the period to be appropriated | 9905 | €14,565 | €54,123 | +€39,558 | +272% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.