STAGING COMPANY: 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.
STAGING COMPANY
Largest movements
- Tangible fixed assets -€315,676
down €315,676 (-54.6%), from €577,670 to €261,994
of which Land and buildings: -€328,478
- Receivables within one year -€62,493
down €62,493 (-87.7%), from €71,233 to €8,740
of which Other amounts receivable: -€61,750
- Cash +€28,702
new in 2025: €28,702
mainly Investment in fixed assets (net) (+€288,706) and Receivables within one year (+€62,493)
- Debts after one year -€259,262
down €259,262 (-57.4%), from €451,611 to €192,349
- Short-term financial debts -€61,561
no longer reported in 2025 (was €61,561)
- Other debts -€36,082
down €36,082 (-36.3%), from €99,392 to €63,310
- Profit (loss) carried forward +€26,712
up €26,712 (+19.1%), from -€139,798 to -€113,086
- Current portion of long-term debt -€13,959
down €13,959 (-27.8%), from €50,246 to €36,287
- Gross operating margin +€159,809
up €159,809 (+602%), from €26,542 to €186,351
- Financial charges +€91,689
up €91,689 (+320%), from €28,649 to €120,337
of which Non-recurring financial charges: +€61,121
- Depreciation -€5,688
down €5,688 (-17.4%), from €32,658 to €26,970
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 | €649,477 | €301,170 | -€348,307 | -53.6% |
| Fixed assets | 21/28 | €577,920 | €262,244 | -€315,676 | -54.6% |
| Tangible fixed assets | 22/27 | €577,670 | €261,994 | -€315,676 | -54.6% |
| Land and buildings | 22 | €577,670 | €249,192 | -€328,478 | -56.9% |
| Furniture and vehicles | 24 | - | €1,182 | +€1,182 | |
| Other tangible fixed assets | 26 | - | €11,621 | +€11,621 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €71,557 | €38,926 | -€32,631 | -45.6% |
| Amounts receivable within one year | 40/41 | €71,233 | €8,740 | -€62,493 | -87.7% |
| Trade receivables | 40 | €1,900 | €1,157 | -€743 | -39.1% |
| Other amounts receivable | 41 | €69,333 | €7,583 | -€61,750 | -89.1% |
| Cash at bank and in hand | 54/58 | - | €28,702 | +€28,702 | |
| Deferred charges and accrued income | 490/1 | €324 | €1,483 | +€1,159 | +358% |
| Total equity and liabilities | 10/49 | €649,477 | €301,170 | -€348,307 | -53.6% |
| Equity | 10/15 | -€21,198 | €5,514 | +€26,712 | |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,798 | -€113,086 | +€26,712 | +19.1% |
| Amounts payable | 17/49 | €670,676 | €295,656 | -€375,019 | -55.9% |
| Amounts payable after more than one year | 17 | €451,611 | €192,349 | -€259,262 | -57.4% |
| Financial debts | 170/4 | €451,611 | €192,349 | -€259,262 | -57.4% |
| Amounts payable within one year | 42/48 | €219,064 | €103,307 | -€115,757 | -52.8% |
| Current portion of amounts payable after more than one year | 42 | €50,246 | €36,287 | -€13,959 | -27.8% |
| Financial debts | 43 | €61,561 | - | -€61,561 | |
| Credit institutions | 430/8 | €61,561 | - | -€61,561 | |
| Trade debts | 44 | €7,865 | €3,711 | -€4,154 | -52.8% |
| Suppliers | 440/4 | €7,865 | €3,711 | -€4,154 | -52.8% |
| Other amounts payable | 47/48 | €99,392 | €63,310 | -€36,082 | -36.3% |
| Non-recurring operating income | 76A | €24,245 | €3,480 | -€20,765 | -85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,658 | €26,970 | -€5,688 | -17.4% |
| Other operating charges | 640/8 | €6,425 | €8,220 | +€1,794 | +27.9% |
| Non-recurring operating charges | 66A | - | €4,113 | +€4,113 | |
| Gross operating margin | 9900 | €26,542 | €186,351 | +€159,809 | +602% |
| Operating profit (loss) | 9901 | -€12,541 | €147,049 | +€159,591 | |
| Financial charges | 65/66B | €28,649 | €120,337 | +€91,689 | +320% |
| Recurring financial charges | 65 | €20,760 | €51,327 | +€30,567 | +147% |
| Non-recurring financial charges | 66B | €7,889 | €69,010 | +€61,121 | +775% |
| Profit (loss) for the period before taxes | 9903 | -€41,190 | €26,712 | +€67,902 | |
| Profit (loss) for the period | 9904 | -€41,190 | €26,712 | +€67,902 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,190 | €26,712 | +€67,902 |
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 28 October 2026 via checked.be.