STAIRNAE: 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.
STAIRNAE
Largest movements
- Tangible fixed assets -€10,386
down €10,386 (-5.9%), from €175,321 to €164,935
of which Land and buildings: -€10,117
- Cash +€3,888
up €3,888 (+42.0%), from €9,250 to €13,138
mainly Net result for the year (+€11,612) and Depreciation (+€10,386)
- Profit (loss) carried forward +€11,612
up €11,612 (+18.1%), from -€64,249 to -€52,636
- Debts after one year -€10,271
down €10,271 (-26.7%), from €38,428 to €28,157
- Other debts -€6,767
down €6,767 (-3.8%), from €179,861 to €173,094
- Gross operating margin +€5,160
up €5,160 (+25.4%), from €20,304 to €25,464
- Other operating charges -€305
down €305 (-11.6%), from €2,622 to €2,317
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 | €184,571 | €178,620 | -€5,951 | -3.2% |
| Fixed assets | 21/28 | €175,321 | €164,935 | -€10,386 | -5.9% |
| Tangible fixed assets | 22/27 | €175,321 | €164,935 | -€10,386 | -5.9% |
| Land and buildings | 22 | €174,802 | €164,685 | -€10,117 | -5.8% |
| Furniture and vehicles | 24 | €519 | €250 | -€270 | -51.9% |
| Current assets | 29/58 | €9,250 | €13,685 | +€4,435 | +47.9% |
| Cash at bank and in hand | 54/58 | €9,250 | €13,138 | +€3,888 | +42.0% |
| Deferred charges and accrued income | 490/1 | - | €547 | +€547 | |
| Total equity and liabilities | 10/49 | €184,571 | €178,620 | -€5,951 | -3.2% |
| Equity | 10/15 | -€45,657 | -€34,044 | +€11,612 | +25.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,249 | -€52,636 | +€11,612 | +18.1% |
| Amounts payable | 17/49 | €230,227 | €212,664 | -€17,564 | -7.6% |
| Amounts payable after more than one year | 17 | €38,428 | €28,157 | -€10,271 | -26.7% |
| Financial debts | 170/4 | €38,428 | €28,157 | -€10,271 | -26.7% |
| Amounts payable within one year | 42/48 | €191,218 | €183,926 | -€7,292 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €10,117 | €10,271 | +€154 | +1.5% |
| Trade debts | 44 | €652 | €561 | -€91 | -13.9% |
| Suppliers | 440/4 | €652 | €561 | -€91 | -13.9% |
| Taxes, remuneration and social security | 45 | €589 | €0 | -€589 | -100.0% |
| Taxes | 450/3 | €589 | €0 | -€589 | -100.0% |
| Other amounts payable | 47/48 | €179,861 | €173,094 | -€6,767 | -3.8% |
| Accrued charges and deferred income | 492/3 | €581 | €581 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,563 | €10,386 | -€177 | -1.7% |
| Other operating charges | 640/8 | €2,622 | €2,317 | -€305 | -11.6% |
| Gross operating margin | 9900 | €20,304 | €25,464 | +€5,160 | +25.4% |
| Operating profit (loss) | 9901 | €7,119 | €12,761 | +€5,641 | +79.2% |
| Financial income | 75/76B | €0 | €40 | +€40 | +133233.3% |
| Recurring financial income | 75 | €0 | €40 | +€40 | +133233.3% |
| Financial charges | 65/66B | €1,193 | €1,020 | -€173 | -14.5% |
| Recurring financial charges | 65 | €1,193 | €1,020 | -€173 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €5,926 | €11,781 | +€5,855 | +98.8% |
| Income taxes | 67/77 | €174 | €169 | -€6 | -3.4% |
| Profit (loss) for the period | 9904 | €5,752 | €11,612 | +€5,860 | +101.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,752 | €11,612 | +€5,860 | +101.9% |
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 11 October 2026 via checked.be.