STALI CONNECTION: 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.
STALI CONNECTION
Largest movements
- Cash +€4,824
up €4,824 (+89.8%), from €5,373 to €10,198
mainly Other debts (+€9,050) and Net result for the year (+€1,549)
- Receivables within one year +€997
up €997 (+26.7%), from €3,731 to €4,728
- Tangible fixed assets -€545
down €545 (-26.1%), from €2,089 to €1,544
- Intangible fixed assets -€440
down €440 (-11.4%), from €3,850 to €3,410
- Deferred charges and accrued income -€373
no longer reported in 2025 (was €373)
- Other debts +€9,050
up €9,050 (+19.3%), from €46,869 to €55,919
- Trade debts -€6,166
down €6,166 (-64.5%), from €9,566 to €3,401
- Profit (loss) carried forward +€1,549
up €1,549 (+3.4%), from -€45,494 to -€43,945
- Gross operating margin -€9,746
down €9,746 (-69.9%), from €13,934 to €4,188
- Staff costs +€211
up €211 (+25.0%), from €843 to €1,054
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.
Derived cash bridge
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 | €29,541 | €34,004 | +€4,463 | +15.1% |
| Fixed assets | 21/28 | €20,064 | €19,079 | -€985 | -4.9% |
| Intangible fixed assets | 21 | €3,850 | €3,410 | -€440 | -11.4% |
| Tangible fixed assets | 22/27 | €2,089 | €1,544 | -€545 | -26.1% |
| Furniture and vehicles | 24 | €2,089 | €1,544 | -€545 | -26.1% |
| Financial fixed assets | 28 | €14,125 | €14,125 | = | 0.0% |
| Current assets | 29/58 | €9,477 | €14,925 | +€5,448 | +57.5% |
| Amounts receivable within one year | 40/41 | €3,731 | €4,728 | +€997 | +26.7% |
| Other amounts receivable | 41 | €3,731 | €4,728 | +€997 | +26.7% |
| Cash at bank and in hand | 54/58 | €5,373 | €10,198 | +€4,824 | +89.8% |
| Deferred charges and accrued income | 490/1 | €373 | - | -€373 | |
| Total equity and liabilities | 10/49 | €29,541 | €34,004 | +€4,463 | +15.1% |
| Equity | 10/15 | -€26,894 | -€25,345 | +€1,549 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,494 | -€43,945 | +€1,549 | +3.4% |
| Amounts payable | 17/49 | €56,435 | €59,349 | +€2,914 | +5.2% |
| Amounts payable within one year | 42/48 | €56,435 | €59,349 | +€2,914 | +5.2% |
| Trade debts | 44 | €9,566 | €3,401 | -€6,166 | -64.5% |
| Suppliers | 440/4 | €9,566 | €3,401 | -€6,166 | -64.5% |
| Taxes, remuneration and social security | 45 | - | €30 | +€30 | |
| Remuneration and social security | 454/9 | - | €30 | +€30 | |
| Other amounts payable | 47/48 | €46,869 | €55,919 | +€9,050 | +19.3% |
| Remuneration, social security and pensions | 62 | €843 | €1,054 | +€211 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €985 | €985 | = | 0.0% |
| Other operating charges | 640/8 | €417 | €430 | +€12 | +3.0% |
| Non-recurring operating charges | 66A | €60 | - | -€60 | |
| Gross operating margin | 9900 | €13,934 | €4,188 | -€9,746 | -69.9% |
| Operating profit (loss) | 9901 | €11,628 | €1,719 | -€9,909 | -85.2% |
| Financial charges | 65/66B | €129 | €170 | +€41 | +32.3% |
| Recurring financial charges | 65 | €129 | €170 | +€41 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €11,499 | €1,549 | -€9,950 | -86.5% |
| Profit (loss) for the period | 9904 | €11,499 | €1,549 | -€9,950 | -86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,499 | €1,549 | -€9,950 | -86.5% |
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 24 October 2026 via checked.be.