STALIX: 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.
STALIX
Largest movements
- Cash -€34,607
down €34,607 (-65.5%), from €52,820 to €18,213
mainly Debts after one year (-€60,058) and Tax, wage and social debts (-€18,932)
- Tangible fixed assets -€15,964
down €15,964 (-14.3%), from €111,748 to €95,784
of which Other tangible fixed assets: -€9,863
- Receivables within one year +€10,868
up €10,868 (+116.5%), from €9,329 to €20,196
of which Other amounts receivable: +€11,217
- Stocks and contracts -€7,965
down €7,965 (-36.7%), from €21,722 to €13,757
- Deferred charges and accrued income -€2,430
down €2,430 (-16.2%), from €14,986 to €12,556
- Debts after one year -€60,058
down €60,058 (-55.0%), from €109,198 to €49,139
of which Other amounts payable: -€50,000
- Other debts +€46,266
up €46,266 (+445.7%), from €10,381 to €56,646
- Tax, wage and social debts -€18,932
down €18,932 (-44.6%), from €42,472 to €23,540
of which Taxes: -€12,148
- Profit (loss) carried forward -€18,161
down €18,161 (-158.9%), from -€11,427 to -€29,588
- Staff costs +€73,953
up €73,953 (+37.4%), from €197,566 to €271,520
- Gross operating margin +€73,587
up €73,587 (+35.6%), from €206,590 to €280,177
- Depreciation +€3,580
up €3,580 (+27.2%), from €13,181 to €16,761
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 | €214,066 | €163,170 | -€50,895 | -23.8% |
| Fixed assets | 21/28 | €115,209 | €98,449 | -€16,761 | -14.5% |
| Intangible fixed assets | 21 | €3,462 | €2,664 | -€797 | -23.0% |
| Tangible fixed assets | 22/27 | €111,748 | €95,784 | -€15,964 | -14.3% |
| Plant, machinery and equipment | 23 | €21,175 | €16,313 | -€4,862 | -23.0% |
| Furniture and vehicles | 24 | €5,274 | €4,035 | -€1,239 | -23.5% |
| Other tangible fixed assets | 26 | €85,298 | €75,435 | -€9,863 | -11.6% |
| Current assets | 29/58 | €98,856 | €64,722 | -€34,135 | -34.5% |
| Stocks and contracts in progress | 3 | €21,722 | €13,757 | -€7,965 | -36.7% |
| Stocks | 30/36 | €21,722 | €13,757 | -€7,965 | -36.7% |
| Amounts receivable within one year | 40/41 | €9,329 | €20,196 | +€10,868 | +116.5% |
| Trade receivables | 40 | €8,852 | €8,502 | -€350 | -4.0% |
| Other amounts receivable | 41 | €477 | €11,694 | +€11,217 | +2351.5% |
| Cash at bank and in hand | 54/58 | €52,820 | €18,213 | -€34,607 | -65.5% |
| Deferred charges and accrued income | 490/1 | €14,986 | €12,556 | -€2,430 | -16.2% |
| Total equity and liabilities | 10/49 | €214,066 | €163,170 | -€50,895 | -23.8% |
| Equity | 10/15 | €13,573 | -€4,588 | -€18,161 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,427 | -€29,588 | -€18,161 | -158.9% |
| Amounts payable | 17/49 | €200,493 | €167,759 | -€32,734 | -16.3% |
| Amounts payable after more than one year | 17 | €109,198 | €49,139 | -€60,058 | -55.0% |
| Financial debts | 170/4 | €59,198 | €49,139 | -€10,058 | -17.0% |
| Other amounts payable | 178/9 | €50,000 | - | -€50,000 | |
| Amounts payable within one year | 42/48 | €88,955 | €118,397 | +€29,442 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €10,404 | €10,877 | +€473 | +4.5% |
| Trade debts | 44 | €25,699 | €27,334 | +€1,635 | +6.4% |
| Suppliers | 440/4 | €25,699 | €27,334 | +€1,635 | +6.4% |
| Taxes, remuneration and social security | 45 | €42,472 | €23,540 | -€18,932 | -44.6% |
| Taxes | 450/3 | €15,558 | €3,409 | -€12,148 | -78.1% |
| Remuneration and social security | 454/9 | €26,914 | €20,131 | -€6,783 | -25.2% |
| Other amounts payable | 47/48 | €10,381 | €56,646 | +€46,266 | +445.7% |
| Accrued charges and deferred income | 492/3 | €2,340 | €223 | -€2,117 | -90.5% |
| Remuneration, social security and pensions | 62 | €197,566 | €271,520 | +€73,953 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,181 | €16,761 | +€3,580 | +27.2% |
| Other operating charges | 640/8 | €637 | €1,406 | +€768 | +120.6% |
| Gross operating margin | 9900 | €206,590 | €280,177 | +€73,587 | +35.6% |
| Operating profit (loss) | 9901 | -€4,794 | -€9,509 | -€4,714 | -98.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €6,634 | €8,652 | +€2,019 | +30.4% |
| Recurring financial charges | 65 | €6,634 | €8,652 | +€2,019 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,427 | -€18,161 | -€6,734 | -58.9% |
| Profit (loss) for the period | 9904 | -€11,427 | -€18,161 | -€6,734 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,427 | -€18,161 | -€6,734 | -58.9% |
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 3 October 2026 via checked.be.