STAGEWORKS: 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.
STAGEWORKS
Largest movements
- Receivables within one year +€46,962
up €46,962 (+115.3%), from €40,717 to €87,678
of which Trade receivables: +€45,081
- Cash -€46,687
down €46,687 (-80.7%), from €57,877 to €11,191
mainly Receivables within one year (-€46,962) and Contributions, distributions and other (-€42,857)
- Tangible fixed assets -€46,455
down €46,455 (-29.6%), from €157,159 to €110,703
of which Furniture and vehicles: -€26,792
- Deferred charges and accrued income -€6,721
down €6,721 (-95.2%), from €7,061 to €339
- Reserves -€42,857
down €42,857 (-8.3%), from €515,860 to €473,003
of which Distributable reserves: -€42,857
- Profit (loss) carried forward -€37,437
down €37,437 (-13.1%), from -€285,910 to -€323,347
- Accrued charges and deferred income +€29,186
up €29,186 (+1632.8%), from €1,788 to €30,973
- Trade debts -€10,020
no longer reported in 2025 (was €10,020)
- Tax, wage and social debts +€8,268
up €8,268 (+336.8%), from €2,455 to €10,723
- Other operating charges +€18,433
up €18,433 (+410.4%), from €4,491 to €22,924
- Depreciation -€11,897
down €11,897 (-19.5%), from €60,889 to €48,993
- Gross operating margin +€6,645
up €6,645 (+24.0%), from €27,738 to €34,383
- Financial income -€1,796
down €1,796 (-72.5%), from €2,476 to €680
of which Non-recurring financial income: -€1,544
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 | €262,813 | €209,952 | -€52,861 | -20.1% |
| Fixed assets | 21/28 | €157,159 | €110,703 | -€46,455 | -29.6% |
| Tangible fixed assets | 22/27 | €157,159 | €110,703 | -€46,455 | -29.6% |
| Plant, machinery and equipment | 23 | €89,266 | €72,430 | -€16,836 | -18.9% |
| Furniture and vehicles | 24 | €65,066 | €38,274 | -€26,792 | -41.2% |
| Other tangible fixed assets | 26 | €2,827 | €0 | -€2,827 | -100.0% |
| Current assets | 29/58 | €105,655 | €99,249 | -€6,405 | -6.1% |
| Stocks and contracts in progress | 3 | - | €41 | +€41 | |
| Stocks | 30/36 | - | €41 | +€41 | |
| Amounts receivable within one year | 40/41 | €40,717 | €87,678 | +€46,962 | +115.3% |
| Trade receivables | 40 | €33,824 | €78,905 | +€45,081 | +133.3% |
| Other amounts receivable | 41 | €6,893 | €8,773 | +€1,880 | +27.3% |
| Cash at bank and in hand | 54/58 | €57,877 | €11,191 | -€46,687 | -80.7% |
| Deferred charges and accrued income | 490/1 | €7,061 | €339 | -€6,721 | -95.2% |
| Total equity and liabilities | 10/49 | €262,813 | €209,952 | -€52,861 | -20.1% |
| Equity | 10/15 | €248,550 | €168,256 | -€80,295 | -32.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €515,860 | €473,003 | -€42,857 | -8.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €514,000 | €471,143 | -€42,857 | -8.3% |
| Profit (loss) carried forward | 14 | -€285,910 | -€323,347 | -€37,437 | -13.1% |
| Amounts payable | 17/49 | €14,263 | €41,697 | +€27,434 | +192.3% |
| Amounts payable within one year | 42/48 | €12,476 | €10,723 | -€1,752 | -14.0% |
| Trade debts | 44 | €10,020 | - | -€10,020 | |
| Suppliers | 440/4 | €10,020 | - | -€10,020 | |
| Taxes, remuneration and social security | 45 | €2,455 | €10,723 | +€8,268 | +336.8% |
| Taxes | 450/3 | €2,455 | €10,723 | +€8,268 | +336.8% |
| Accrued charges and deferred income | 492/3 | €1,788 | €30,973 | +€29,186 | +1632.8% |
| Remuneration, social security and pensions | 62 | €326 | - | -€326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,889 | €48,993 | -€11,897 | -19.5% |
| Other operating charges | 640/8 | €4,491 | €22,924 | +€18,433 | +410.4% |
| Gross operating margin | 9900 | €27,738 | €34,383 | +€6,645 | +24.0% |
| Operating profit (loss) | 9901 | -€37,969 | -€37,534 | +€435 | +1.1% |
| Financial income | 75/76B | €2,476 | €680 | -€1,796 | -72.5% |
| Recurring financial income | 75 | €933 | €680 | -€253 | -27.1% |
| Non-recurring financial income | 76B | €1,544 | - | -€1,544 | |
| Financial charges | 65/66B | €179 | €419 | +€240 | +134.2% |
| Recurring financial charges | 65 | €179 | €419 | +€240 | +134.2% |
| Profit (loss) for the period before taxes | 9903 | -€35,671 | -€37,272 | -€1,601 | -4.5% |
| Income taxes | 67/77 | -€50 | €165 | +€215 | |
| Profit (loss) for the period | 9904 | -€35,622 | -€37,437 | -€1,816 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,622 | -€37,437 | -€1,816 | -5.1% |
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 7 October 2026 via checked.be.