STALIS: 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.
STALIS
Largest movements
- Cash +€238,961
up €238,961 (+64.3%), from €371,533 to €610,494
mainly Net result for the year (+€307,079) and Receivables after one year (+€156,673)
- Receivables after one year -€156,673
down €156,673 (-100.0%), from €156,673 to €0
- Receivables within one year -€151,920
down €151,920 (-60.0%), from €253,267 to €101,346
of which Trade receivables: -€128,683
- Current investments +€36,121
up €36,121 (+13.8%), from €262,000 to €298,121
- Reserves -€129,383
down €129,383 (-21.8%), from €593,860 to €464,477
- Other debts +€116,720
up €116,720 (+19.3%), from €605,699 to €722,419
- Tax, wage and social debts -€56,259
down €56,259 (-99.3%), from €56,646 to €387
- Gross operating margin -€56,977
down €56,977 (-11.8%), from €483,798 to €426,822
- Taxes -€18,058
down €18,058 (-15.2%), from €118,965 to €100,907
- Financial charges +€5,474
up €5,474 (+66.5%), from €8,232 to €13,707
- Financial income -€5,247
down €5,247 (-44.9%), from €11,679 to €6,431
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 | €1,291,853 | €1,252,399 | -€39,454 | -3.1% |
| Fixed assets | 21/28 | €241,081 | €235,041 | -€6,040 | -2.5% |
| Tangible fixed assets | 22/27 | €41,081 | €35,041 | -€6,040 | -14.7% |
| Land and buildings | 22 | €30,827 | €27,443 | -€3,385 | -11.0% |
| Furniture and vehicles | 24 | €10,254 | €7,599 | -€2,655 | -25.9% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €1,050,772 | €1,017,358 | -€33,414 | -3.2% |
| Amounts receivable after more than one year | 29 | €156,673 | €0 | -€156,673 | -100.0% |
| Other amounts receivable | 291 | €156,673 | €0 | -€156,673 | -100.0% |
| Amounts receivable within one year | 40/41 | €253,267 | €101,346 | -€151,920 | -60.0% |
| Trade receivables | 40 | €128,730 | €47 | -€128,683 | -100.0% |
| Other amounts receivable | 41 | €124,537 | €101,299 | -€23,237 | -18.7% |
| Current investments | 50/53 | €262,000 | €298,121 | +€36,121 | +13.8% |
| Cash at bank and in hand | 54/58 | €371,533 | €610,494 | +€238,961 | +64.3% |
| Deferred charges and accrued income | 490/1 | €7,299 | €7,397 | +€98 | +1.3% |
| Total equity and liabilities | 10/49 | €1,291,853 | €1,252,399 | -€39,454 | -3.1% |
| Equity | 10/15 | €600,060 | €483,077 | -€116,983 | -19.5% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €593,860 | €464,477 | -€129,383 | -21.8% |
| Distributable reserves | 133 | €593,860 | €464,477 | -€129,383 | -21.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €691,793 | €769,322 | +€77,529 | +11.2% |
| Amounts payable within one year | 42/48 | €688,360 | €759,154 | +€70,794 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €25,428 | €33,680 | +€8,252 | +32.5% |
| Trade debts | 44 | €587 | €2,668 | +€2,080 | +354.2% |
| Suppliers | 440/4 | €587 | €2,668 | +€2,080 | +354.2% |
| Taxes, remuneration and social security | 45 | €56,646 | €387 | -€56,259 | -99.3% |
| Taxes | 450/3 | €56,646 | €387 | -€56,259 | -99.3% |
| Other amounts payable | 47/48 | €605,699 | €722,419 | +€116,720 | +19.3% |
| Accrued charges and deferred income | 492/3 | €3,433 | €10,168 | +€6,735 | +196.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,930 | €6,948 | +€1,018 | +17.2% |
| Other operating charges | 640/8 | €2,741 | €4,612 | +€1,872 | +68.3% |
| Non-recurring operating charges | 66A | €95 | €0 | -€95 | -100.0% |
| Gross operating margin | 9900 | €483,798 | €426,822 | -€56,977 | -11.8% |
| Operating profit (loss) | 9901 | €475,032 | €415,261 | -€59,771 | -12.6% |
| Financial income | 75/76B | €11,679 | €6,431 | -€5,247 | -44.9% |
| Recurring financial income | 75 | €11,679 | €6,431 | -€5,247 | -44.9% |
| Financial charges | 65/66B | €8,232 | €13,707 | +€5,474 | +66.5% |
| Recurring financial charges | 65 | €8,232 | €13,707 | +€5,474 | +66.5% |
| Profit (loss) for the period before taxes | 9903 | €478,479 | €407,986 | -€70,492 | -14.7% |
| Income taxes | 67/77 | €118,965 | €100,907 | -€18,058 | -15.2% |
| Profit (loss) for the period | 9904 | €359,514 | €307,079 | -€52,435 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €359,514 | €307,079 | -€52,435 | -14.6% |
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.