STAIRCO*: 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.
STAIRCO*
Largest movements
- Receivables within one year +€12,034
up €12,034 (+33.4%), from €35,990 to €48,024
- Cash -€11,659
down €11,659 (-46.0%), from €25,372 to €13,713
mainly Receivables within one year (-€12,034) and Investment in fixed assets (net) (-€7,563)
- Tangible fixed assets +€5,570
up €5,570 (+676.0%), from €824 to €6,394
- Trade debts +€6,306
up €6,306 (+33.9%), from €18,599 to €24,905
- Tax, wage and social debts -€1,031
down €1,031 (-27.7%), from €3,726 to €2,694
- Depreciation +€1,146
up €1,146 (+102.0%), from €1,123 to €2,268
- Gross operating margin +€939
up €939 (+42.9%), from €2,190 to €3,129
- Financial charges -€150
down €150 (-69.4%), from €216 to €66
- Taxes -€127
no longer reported in 2025 (was €127)
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 | €63,055 | €68,724 | +€5,669 | +9.0% |
| Fixed assets | 21/28 | €1,693 | €6,987 | +€5,295 | +312.8% |
| Intangible fixed assets | 21 | €869 | €594 | -€275 | -31.7% |
| Tangible fixed assets | 22/27 | €824 | €6,394 | +€5,570 | +676.0% |
| Plant, machinery and equipment | 23 | €824 | €6,394 | +€5,570 | +676.0% |
| Current assets | 29/58 | €61,362 | €61,737 | +€374 | +0.6% |
| Amounts receivable within one year | 40/41 | €35,990 | €48,024 | +€12,034 | +33.4% |
| Trade receivables | 40 | €35,990 | €48,024 | +€12,034 | +33.4% |
| Cash at bank and in hand | 54/58 | €25,372 | €13,713 | -€11,659 | -46.0% |
| Total equity and liabilities | 10/49 | €63,055 | €68,724 | +€5,669 | +9.0% |
| Equity | 10/15 | €40,730 | €41,125 | +€395 | +1.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,270 | €20,665 | +€395 | +1.9% |
| Amounts payable | 17/49 | €22,325 | €27,599 | +€5,274 | +23.6% |
| Amounts payable within one year | 42/48 | €22,325 | €27,599 | +€5,274 | +23.6% |
| Trade debts | 44 | €18,599 | €24,905 | +€6,306 | +33.9% |
| Suppliers | 440/4 | €18,599 | €24,905 | +€6,306 | +33.9% |
| Taxes, remuneration and social security | 45 | €3,726 | €2,694 | -€1,031 | -27.7% |
| Taxes | 450/3 | €3,726 | €2,694 | -€1,031 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,123 | €2,268 | +€1,146 | +102.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €2,190 | €3,129 | +€939 | +42.9% |
| Operating profit (loss) | 9901 | €680 | €461 | -€219 | -32.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +8.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +8.3% |
| Financial charges | 65/66B | €216 | €66 | -€150 | -69.4% |
| Recurring financial charges | 65 | €216 | €66 | -€150 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | €464 | €395 | -€69 | -15.0% |
| Income taxes | 67/77 | €127 | - | -€127 | |
| Profit (loss) for the period | 9904 | €338 | €395 | +€57 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €338 | €395 | +€57 | +16.9% |
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 6 October 2026 via checked.be.