STALER: 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.
STALER
Largest movements
- Cash +€227,338
up €227,338 (+29.9%), from €761,459 to €988,796
mainly Net result for the year (+€196,420) and Depreciation (+€18,088)
- Tangible fixed assets -€18,088
down €18,088 (-35.3%), from €51,220 to €33,132
of which Furniture and vehicles: -€17,218
- Receivables within one year -€17,581
down €17,581 (-38.1%), from €46,157 to €28,576
- Reserves +€169,420
up €169,420 (+20.3%), from €834,089 to €1.0m
of which Distributable reserves: +€169,420
- Other debts +€12,366
up €12,366 (+71.3%), from €17,337 to €29,702
- Gross operating margin +€69,206
up €69,206 (+32.0%), from €216,246 to €285,452
- Taxes +€16,843
up €16,843 (+29.3%), from €57,488 to €74,331
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 | €858,876 | €1,050,545 | +€191,669 | +22.3% |
| Fixed assets | 21/28 | €51,260 | €33,172 | -€18,088 | -35.3% |
| Tangible fixed assets | 22/27 | €51,220 | €33,132 | -€18,088 | -35.3% |
| Furniture and vehicles | 24 | €50,074 | €32,856 | -€17,218 | -34.4% |
| Other tangible fixed assets | 26 | €1,146 | €277 | -€870 | -75.9% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €807,616 | €1,017,373 | +€209,757 | +26.0% |
| Amounts receivable within one year | 40/41 | €46,157 | €28,576 | -€17,581 | -38.1% |
| Other amounts receivable | 41 | €46,157 | €28,576 | -€17,581 | -38.1% |
| Cash at bank and in hand | 54/58 | €761,459 | €988,796 | +€227,338 | +29.9% |
| Total equity and liabilities | 10/49 | €858,876 | €1,050,545 | +€191,669 | +22.3% |
| Equity | 10/15 | €840,289 | €1,009,709 | +€169,420 | +20.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €834,089 | €1,003,509 | +€169,420 | +20.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €832,229 | €1,001,649 | +€169,420 | +20.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,587 | €40,836 | +€22,249 | +119.7% |
| Amounts payable within one year | 42/48 | €18,587 | €40,836 | +€22,249 | +119.7% |
| Trade debts | 44 | €0 | €2,779 | +€2,779 | |
| Suppliers | 440/4 | €0 | €2,779 | +€2,779 | |
| Taxes, remuneration and social security | 45 | €1,250 | €8,355 | +€7,105 | +568.4% |
| Taxes | 450/3 | €1,250 | €1,350 | +€100 | +8.0% |
| Remuneration and social security | 454/9 | - | €7,005 | +€7,005 | |
| Other amounts payable | 47/48 | €17,337 | €29,702 | +€12,366 | +71.3% |
| Non-recurring operating income | 76A | - | €56,460 | +€56,460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,088 | €18,088 | = | 0.0% |
| Other operating charges | 640/8 | €1,578 | €1,747 | +€169 | +10.7% |
| Gross operating margin | 9900 | €216,246 | €285,452 | +€69,206 | +32.0% |
| Operating profit (loss) | 9901 | €196,580 | €265,617 | +€69,037 | +35.1% |
| Financial income | 75/76B | €2,925 | €5,360 | +€2,435 | +83.2% |
| Recurring financial income | 75 | €2,925 | €5,360 | +€2,435 | +83.2% |
| Financial charges | 65/66B | €319 | €226 | -€93 | -29.1% |
| Recurring financial charges | 65 | €319 | €226 | -€93 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €199,186 | €270,751 | +€71,564 | +35.9% |
| Income taxes | 67/77 | €57,488 | €74,331 | +€16,843 | +29.3% |
| Profit (loss) for the period | 9904 | €141,698 | €196,420 | +€54,722 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €141,698 | €196,420 | +€54,722 | +38.6% |
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.