STAMINA: 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.
STAMINA
Largest movements
- Tangible fixed assets -€34,461
down €34,461 (-2.5%), from €1.4m to €1.4m
of which Land and buildings: -€52,657
- Cash -€15,165
down €15,165 (-58.7%), from €25,826 to €10,662
mainly Debts after one year (-€87,882) and Investment in fixed assets (net) (-€70,155)
- Debts after one year -€87,882
down €87,882 (-7.3%), from €1.2m to €1.1m
of which Other amounts payable: -€80,479
- Reserves +€18,167
up €18,167 (+13.4%), from €136,067 to €154,234
of which Distributable reserves: +€18,167
- Gross operating margin +€34,641
up €34,641 (+27.6%), from €125,309 to €159,950
- Financial charges +€6,852
up €6,852 (+50.8%), from €13,493 to €20,345
- Taxes -€6,455
down €6,455 (-72.7%), from €8,876 to €2,421
- Depreciation -€5,372
down €5,372 (-4.9%), from €109,987 to €104,615
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 | €1,425,880 | €1,375,943 | -€49,938 | -3.5% |
| Fixed assets | 21/28 | €1,397,131 | €1,362,671 | -€34,461 | -2.5% |
| Tangible fixed assets | 22/27 | €1,397,131 | €1,362,671 | -€34,461 | -2.5% |
| Land and buildings | 22 | €1,351,625 | €1,298,968 | -€52,657 | -3.9% |
| Plant, machinery and equipment | 23 | €22,995 | €47,158 | +€24,163 | +105% |
| Furniture and vehicles | 24 | €19,772 | €16,545 | -€3,228 | -16.3% |
| Other tangible fixed assets | 26 | €2,739 | €0 | -€2,739 | -100% |
| Current assets | 29/58 | €28,749 | €13,272 | -€15,477 | -53.8% |
| Amounts receivable within one year | 40/41 | €2,225 | €1,067 | -€1,158 | -52.0% |
| Trade receivables | 40 | €1,685 | €1,006 | -€679 | -40.3% |
| Other amounts receivable | 41 | €540 | €61 | -€478 | -88.6% |
| Cash at bank and in hand | 54/58 | €25,826 | €10,662 | -€15,165 | -58.7% |
| Deferred charges and accrued income | 490/1 | €698 | €1,543 | +€845 | +121% |
| Total equity and liabilities | 10/49 | €1,425,880 | €1,375,943 | -€49,938 | -3.5% |
| Equity | 10/15 | €161,067 | €179,234 | +€18,167 | +11.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €136,067 | €154,234 | +€18,167 | +13.4% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €133,567 | €151,734 | +€18,167 | +13.6% |
| Amounts payable | 17/49 | €1,264,813 | €1,196,709 | -€68,105 | -5.4% |
| Amounts payable after more than one year | 17 | €1,204,027 | €1,116,146 | -€87,882 | -7.3% |
| Financial debts | 170/4 | €734,882 | €727,480 | -€7,403 | -1.0% |
| Other amounts payable | 178/9 | €469,145 | €388,666 | -€80,479 | -17.2% |
| Amounts payable within one year | 42/48 | €60,786 | €80,563 | +€19,777 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €60,770 | €67,262 | +€6,492 | +10.7% |
| Trade debts | 44 | €3 | €8,507 | +€8,504 | +295,294% |
| Suppliers | 440/4 | €3 | €8,507 | +€8,504 | +295,294% |
| Taxes, remuneration and social security | 45 | €14 | €4,793 | +€4,780 | +35,406% |
| Taxes | 450/3 | €14 | €4,749 | +€4,735 | +35,074% |
| Remuneration and social security | 454/9 | - | €45 | +€45 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €732 | +€732 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,987 | €104,615 | -€5,372 | -4.9% |
| Other operating charges | 640/8 | €6,429 | €7,780 | +€1,351 | +21.0% |
| Non-recurring operating charges | 66A | - | €5,890 | +€5,890 | |
| Gross operating margin | 9900 | €125,309 | €159,950 | +€34,641 | +27.6% |
| Operating profit (loss) | 9901 | €8,893 | €40,933 | +€32,040 | +360% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €13,493 | €20,345 | +€6,852 | +50.8% |
| Recurring financial charges | 65 | €13,493 | €20,345 | +€6,852 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,600 | €20,588 | +€25,188 | |
| Income taxes | 67/77 | €8,876 | €2,421 | -€6,455 | -72.7% |
| Profit (loss) for the period | 9904 | -€13,476 | €18,167 | +€31,643 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,476 | €18,167 | +€31,643 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.