STAIRWELL DEVELOPMENT: 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.
STAIRWELL DEVELOPMENT
Largest movements
- Stocks and contracts -€541,100
no longer reported in 2026 (was €541,100)
- Current investments +€330,000
new in 2026: €330,000
- Receivables after one year +€190,000
new in 2026: €190,000
- Cash -€75,175
down €75,175 (-89.7%), from €83,820 to €8,645
mainly Current investments (-€330,000) and Receivables after one year (-€190,000)
- Receivables within one year +€40,437
up €40,437 (+1,976%), from €2,046 to €42,483
of which Other amounts receivable: +€33,953
- Tax, wage and social debts -€66,685
down €66,685 (-84.6%), from €78,860 to €12,175
- Other debts -€28,552
down €28,552 (-99.5%), from €28,697 to €145
- Trade debts +€23,935
up €23,935 (+24.9%), from €96,065 to €120,000
- Debts after one year +€10,000
up €10,000 (+3.2%), from €315,000 to €325,000
of which Other amounts payable: +€275,000
- Profit (loss) carried forward +€9,839
up €9,839 (+25.5%), from €38,535 to €48,374
- Financial charges -€59,064
down €59,064 (-79.3%), from €74,515 to €15,451
- Gross operating margin -€58,472
down €58,472 (-65.0%), from €89,948 to €31,476
- Taxes +€1,252
up €1,252 (+64.8%), from €1,933 to €3,185
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €634,303 | €578,278 | -€56,025 | -8.8% |
| Fixed assets | 21/28 | €7,337 | €7,150 | -€187 | -2.5% |
| Tangible fixed assets | 22/27 | €3,974 | €7,150 | +€3,176 | +79.9% |
| Plant, machinery and equipment | 23 | €3,066 | €1,800 | -€1,266 | -41.3% |
| Furniture and vehicles | 24 | €908 | €5,350 | +€4,442 | +489% |
| Financial fixed assets | 28 | €3,363 | - | -€3,363 | |
| Current assets | 29/58 | €626,966 | €571,128 | -€55,838 | -8.9% |
| Amounts receivable after more than one year | 29 | - | €190,000 | +€190,000 | |
| Other amounts receivable | 291 | - | €190,000 | +€190,000 | |
| Stocks and contracts in progress | 3 | €541,100 | - | -€541,100 | |
| Stocks | 30/36 | €541,100 | - | -€541,100 | |
| Amounts receivable within one year | 40/41 | €2,046 | €42,483 | +€40,437 | +1,976% |
| Trade receivables | 40 | - | €6,484 | +€6,484 | |
| Other amounts receivable | 41 | €2,046 | €35,999 | +€33,953 | +1,659% |
| Current investments | 50/53 | - | €330,000 | +€330,000 | |
| Cash at bank and in hand | 54/58 | €83,820 | €8,645 | -€75,175 | -89.7% |
| Total equity and liabilities | 10/49 | €634,303 | €578,278 | -€56,025 | -8.8% |
| Equity | 10/15 | €106,185 | €116,024 | +€9,839 | +9.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,535 | €48,374 | +€9,839 | +25.5% |
| Amounts payable | 17/49 | €528,118 | €462,254 | -€65,864 | -12.5% |
| Amounts payable after more than one year | 17 | €315,000 | €325,000 | +€10,000 | +3.2% |
| Financial debts | 170/4 | €265,000 | - | -€265,000 | |
| Other amounts payable | 178/9 | €50,000 | €325,000 | +€275,000 | +550% |
| Amounts payable within one year | 42/48 | €203,622 | €132,320 | -€71,302 | -35.0% |
| Trade debts | 44 | €96,065 | €120,000 | +€23,935 | +24.9% |
| Suppliers | 440/4 | €96,065 | €120,000 | +€23,935 | +24.9% |
| Taxes, remuneration and social security | 45 | €78,860 | €12,175 | -€66,685 | -84.6% |
| Taxes | 450/3 | €78,860 | €12,175 | -€66,685 | -84.6% |
| Other amounts payable | 47/48 | €28,697 | €145 | -€28,552 | -99.5% |
| Accrued charges and deferred income | 492/3 | €9,496 | €4,934 | -€4,562 | -48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,806 | €2,871 | +€65 | +2.3% |
| Other operating charges | 640/8 | €1,011 | €520 | -€491 | -48.6% |
| Gross operating margin | 9900 | €89,948 | €31,476 | -€58,472 | -65.0% |
| Operating profit (loss) | 9901 | €86,131 | €28,085 | -€58,046 | -67.4% |
| Financial income | 75/76B | €1 | €390 | +€389 | +38,900% |
| Recurring financial income | 75 | €1 | €390 | +€389 | +38,900% |
| Financial charges | 65/66B | €74,515 | €15,451 | -€59,064 | -79.3% |
| Recurring financial charges | 65 | €74,515 | €15,451 | -€59,064 | -79.3% |
| Profit (loss) for the period before taxes | 9903 | €11,617 | €13,024 | +€1,407 | +12.1% |
| Income taxes | 67/77 | €1,933 | €3,185 | +€1,252 | +64.8% |
| Profit (loss) for the period | 9904 | €9,684 | €9,839 | +€155 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,684 | €9,839 | +€155 | +1.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.