STAGNETTA FRERES: 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.
What changed
STAGNETTA FRERES
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€72,214
2024 · €71,938+€276
Equity
€320,822
2024 · €249,408+€71,414
Cash
€404,698
2024 · €270,049+€134,649
Balance sheet total
€420,851
2024 · €317,846+€103,005
Largest movements
Assets
- Cash +€134,649
up €134,649 (+49.9%), from €270,049 to €404,698
mainly Net result for the year (+€72,214) and Tax, wage and social debts (+€36,968)
- Receivables within one year -€32,862
down €32,862 (-72.4%), from €45,413 to €12,551
of which Trade receivables: -€32,013
Equity and liabilities
- Reserves +€72,214
up €72,214 (+39.3%), from €183,921 to €256,135
- Tax, wage and social debts +€36,968
up €36,968 (+83.7%), from €44,181 to €81,149
of which Taxes: +€35,902
Income statement
- Other operating charges +€3,490
up €3,490 (+219%), from €1,596 to €5,086
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.
Result 2024
€71,938
Gross operating margin
+€970
Staff costs
+€2,034
Depreciation
-€174
Provisions
+€864
Other operating charges
-€3,490
Financial income
+€12
Financial charges
-€503
Taxes
+€563
Result 2025
€72,214
raises the resultlowers the result
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.
From operations
+€137,344
Investment
-€1,895
Financing
-€800
Cash 2024
€270,049
From operations (derived)
+€137,344
Net result for the year
+€72,214
Depreciation
+€1,226
Receivables within one year
+€32,862
Deferred charges and accrued income
-€550
Provisions
+€277
Trade debts
-€3,710
Tax, wage and social debts
+€36,968
Advances received
-€324
Other debts
-€1,620
Investment (derived)
-€1,895
Investment in fixed assets (net)
-€1,895
Financing
-€800
Contributions, distributions and other
-€800
Cash 2025
€404,698
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €317,846 | €420,851 | +€103,005 | +32.4% |
| Fixed assets | 21/28 | €2,248 | €2,917 | +€668 | +29.7% |
| Tangible fixed assets | 22/27 | €1,074 | €1,193 | +€118 | +11.0% |
| Plant, machinery and equipment | 23 | €467 | €847 | +€380 | +81.4% |
| Furniture and vehicles | 24 | €342 | €346 | +€4 | +1.2% |
| Other tangible fixed assets | 26 | €266 | €0 | -€266 | -100% |
| Financial fixed assets | 28 | €1,174 | €1,724 | +€550 | +46.9% |
| Current assets | 29/58 | €315,598 | €417,935 | +€102,337 | +32.4% |
| Amounts receivable within one year | 40/41 | €45,413 | €12,551 | -€32,862 | -72.4% |
| Trade receivables | 40 | €41,490 | €9,477 | -€32,013 | -77.2% |
| Other amounts receivable | 41 | €3,923 | €3,074 | -€849 | -21.7% |
| Cash at bank and in hand | 54/58 | €270,049 | €404,698 | +€134,649 | +49.9% |
| Deferred charges and accrued income | 490/1 | €135 | €685 | +€550 | +406% |
| Total equity and liabilities | 10/49 | €317,846 | €420,851 | +€103,005 | +32.4% |
| Equity | 10/15 | €249,408 | €320,822 | +€71,414 | +28.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €183,921 | €256,135 | +€72,214 | +39.3% |
| Distributable reserves | 133 | €183,921 | €256,135 | +€72,214 | +39.3% |
| Profit (loss) carried forward | 14 | €45,028 | €44,228 | -€800 | -1.8% |
| Provisions and deferred taxes | 16 | €14,007 | €14,284 | +€277 | +2.0% |
| Provisions for liabilities and charges | 160/5 | €14,007 | €14,284 | +€277 | +2.0% |
| Other liabilities and charges | 164/5 | €14,007 | €14,284 | +€277 | +2.0% |
| Amounts payable | 17/49 | €54,431 | €85,745 | +€31,314 | +57.5% |
| Amounts payable within one year | 42/48 | €54,338 | €85,652 | +€31,314 | +57.6% |
| Trade debts | 44 | €7,794 | €4,084 | -€3,710 | -47.6% |
| Suppliers | 440/4 | €7,794 | €4,084 | -€3,710 | -47.6% |
| Advances received on contracts in progress | 46 | €324 | €0 | -€324 | -100% |
| Taxes, remuneration and social security | 45 | €44,181 | €81,149 | +€36,968 | +83.7% |
| Taxes | 450/3 | €38,050 | €73,952 | +€35,902 | +94.4% |
| Remuneration and social security | 454/9 | €6,130 | €7,197 | +€1,066 | +17.4% |
| Other amounts payable | 47/48 | €2,039 | €419 | -€1,620 | -79.4% |
| Accrued charges and deferred income | 492/3 | €93 | €93 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €99,089 | €97,055 | -€2,034 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,053 | €1,226 | +€174 | +16.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,141 | €277 | -€864 | -75.7% |
| Other operating charges | 640/8 | €1,596 | €5,086 | +€3,490 | +219% |
| Gross operating margin | 9900 | €212,942 | €213,911 | +€970 | +0.5% |
| Operating profit (loss) | 9901 | €110,063 | €110,266 | +€204 | +0.2% |
| Financial income | 75/76B | €0 | €13 | +€12 | +4,150% |
| Recurring financial income | 75 | €0 | €13 | +€12 | +4,150% |
| Financial charges | 65/66B | €988 | €1,491 | +€503 | +50.9% |
| Recurring financial charges | 65 | €988 | €1,491 | +€503 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €109,075 | €108,789 | -€287 | -0.3% |
| Income taxes | 67/77 | €37,137 | €36,575 | -€563 | -1.5% |
| Profit (loss) for the period | 9904 | €71,938 | €72,214 | +€276 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €71,938 | €72,214 | +€276 | +0.4% |
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 24 October 2026 via checked.be.