STAL CAES: 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.
STAL CAES
Largest movements
- Tangible fixed assets -€11,688
down €11,688 (-40.0%), from €29,215 to €17,528
- Stocks and contracts +€6,667
up €6,667 (+8.8%), from €75,493 to €82,161
- Receivables within one year +€4,366
new in 2025: €4,366
of which Other amounts receivable: +€3,966
- Profit (loss) carried forward -€39,649
down €39,649 (-9.3%), from -€427,315 to -€466,964
- Other debts +€26,749
up €26,749 (+5.2%), from €513,918 to €540,667
- Trade debts +€7,826
up €7,826 (+104.5%), from €7,492 to €15,318
- Tax, wage and social debts +€3,526
up €3,526 (+57.1%), from €6,180 to €9,705
of which Taxes: +€2,943
- Gross operating margin +€11,848
up €11,848 (+148.3%), from €7,990 to €19,837
- Staff costs +€3,610
up €3,610 (+10.1%), from €35,772 to €39,382
- Financial charges +€1,189
up €1,189 (+22.9%), from €5,197 to €6,386
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 | €106,475 | €104,927 | -€1,548 | -1.5% |
| Fixed assets | 21/28 | €30,001 | €17,528 | -€12,474 | -41.6% |
| Intangible fixed assets | 21 | €786 | - | -€786 | |
| Tangible fixed assets | 22/27 | €29,215 | €17,528 | -€11,688 | -40.0% |
| Land and buildings | 22 | €29,215 | €17,528 | -€11,688 | -40.0% |
| Current assets | 29/58 | €76,473 | €87,399 | +€10,926 | +14.3% |
| Stocks and contracts in progress | 3 | €75,493 | €82,161 | +€6,667 | +8.8% |
| Stocks | 30/36 | €75,493 | €82,161 | +€6,667 | +8.8% |
| Amounts receivable within one year | 40/41 | - | €4,366 | +€4,366 | |
| Trade receivables | 40 | - | €400 | +€400 | |
| Other amounts receivable | 41 | - | €3,966 | +€3,966 | |
| Cash at bank and in hand | 54/58 | €436 | €54 | -€382 | -87.6% |
| Deferred charges and accrued income | 490/1 | €544 | €819 | +€275 | +50.5% |
| Total equity and liabilities | 10/49 | €106,475 | €104,927 | -€1,548 | -1.5% |
| Equity | 10/15 | -€421,115 | -€460,764 | -€39,649 | -9.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€427,315 | -€466,964 | -€39,649 | -9.3% |
| Amounts payable | 17/49 | €527,589 | €565,690 | +€38,101 | +7.2% |
| Amounts payable within one year | 42/48 | €527,589 | €565,690 | +€38,101 | +7.2% |
| Trade debts | 44 | €7,492 | €15,318 | +€7,826 | +104.5% |
| Suppliers | 440/4 | €7,492 | €15,318 | +€7,826 | +104.5% |
| Taxes, remuneration and social security | 45 | €6,180 | €9,705 | +€3,526 | +57.1% |
| Taxes | 450/3 | €1,317 | €4,260 | +€2,943 | +223.4% |
| Remuneration and social security | 454/9 | €4,862 | €5,445 | +€583 | +12.0% |
| Other amounts payable | 47/48 | €513,918 | €540,667 | +€26,749 | +5.2% |
| Remuneration, social security and pensions | 62 | €35,772 | €39,382 | +€3,610 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,474 | €12,474 | = | 0.0% |
| Other operating charges | 640/8 | €1,453 | €1,289 | -€164 | -11.3% |
| Gross operating margin | 9900 | €7,990 | €19,837 | +€11,848 | +148.3% |
| Operating profit (loss) | 9901 | -€41,709 | -€33,308 | +€8,402 | +20.1% |
| Financial income | 75/76B | €0 | €45 | +€45 | +28037.5% |
| Recurring financial income | 75 | €0 | €45 | +€45 | +28037.5% |
| Financial charges | 65/66B | €5,197 | €6,386 | +€1,189 | +22.9% |
| Recurring financial charges | 65 | €5,197 | €6,386 | +€1,189 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | -€46,906 | -€39,649 | +€7,257 | +15.5% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -33.3% |
| Profit (loss) for the period | 9904 | -€46,906 | -€39,649 | +€7,257 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,906 | -€39,649 | +€7,257 | +15.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.