STAN: 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.
What changed
STAN
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€13,201
2024 · €10,500+€2,700
Equity
€1.3m
2024 · €1.3m+€13,201
Cash
€416,466
2024 · €396,262+€20,204
Balance sheet total
€2.6m
2024 · €2.7m-€26,367
Largest movements
Assets
- Tangible fixed assets -€71,417
down €71,417 (-4.9%), from €1.5m to €1.4m
Equity and liabilities
- Debts after one year -€47,439
down €47,439 (-4.1%), from €1.2m to €1.1m
of which Financial debts: -€43,306
Income statement
- Gross operating margin +€8,237
up €8,237 (+6.6%), from €125,078 to €133,315
- Taxes +€4,967
up €4,967 (+130.7%), from €3,801 to €8,767
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.
Result 2024
€10,500
Gross operating margin
+€8,237
Depreciation
-€449
Other operating charges
-€116
Financial income
+€79
Financial charges
-€85
Taxes
-€4,967
Result 2025
€13,201
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.
From operations
+€66,552
Investment
€0
Financing
-€46,348
Cash 2024
€396,262
From operations (derived)
+€66,552
Net result for the year
+€13,201
Depreciation
+€71,417
Receivables within one year
-€24,745
Deferred charges and accrued income
-€101
Provisions
-€1,862
Trade debts
+€1,626
Tax, wage and social debts
+€646
Other debts
+€9,120
Accrued charges and deferred income
-€2,750
Financing
-€46,348
Debts after one year
-€47,439
Current portion of long-term debt
+€1,091
Cash 2025
€416,466
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,666,827 | €2,640,460 | -€26,367 | -1.0% |
| Fixed assets | 21/28 | €2,267,381 | €2,195,964 | -€71,417 | -3.1% |
| Tangible fixed assets | 22/27 | €1,472,187 | €1,400,770 | -€71,417 | -4.9% |
| Land and buildings | 22 | €1,472,187 | €1,400,770 | -€71,417 | -4.9% |
| Financial fixed assets | 28 | €795,194 | €795,194 | = | 0.0% |
| Current assets | 29/58 | €399,446 | €444,496 | +€45,050 | +11.3% |
| Amounts receivable within one year | 40/41 | €2,097 | €26,842 | +€24,745 | +1180.2% |
| Other amounts receivable | 41 | €2,097 | €26,842 | +€24,745 | +1180.2% |
| Cash at bank and in hand | 54/58 | €396,262 | €416,466 | +€20,204 | +5.1% |
| Deferred charges and accrued income | 490/1 | €1,087 | €1,188 | +€101 | +9.3% |
| Total equity and liabilities | 10/49 | €2,666,827 | €2,640,460 | -€26,367 | -1.0% |
| Equity | 10/15 | €1,300,510 | €1,313,711 | +€13,201 | +1.0% |
| Contributions | 10/11 | €320,000 | €320,000 | = | 0.0% |
| Capital | 10 | €320,000 | €320,000 | = | 0.0% |
| Issued capital | 100 | €320,000 | €320,000 | = | 0.0% |
| Reserves | 13 | €754,382 | €767,583 | +€13,201 | +1.7% |
| Non-distributable reserves | 130/1 | €32,000 | €32,000 | = | 0.0% |
| Legal reserve | 130 | €32,000 | €32,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €450,179 | €444,592 | -€5,587 | -1.2% |
| Distributable reserves | 133 | €272,203 | €290,991 | +€18,787 | +6.9% |
| Profit (loss) carried forward | 14 | €226,128 | €226,128 | = | 0.0% |
| Provisions and deferred taxes | 16 | €150,060 | €148,197 | -€1,862 | -1.2% |
| Deferred taxes | 168 | €150,060 | €148,197 | -€1,862 | -1.2% |
| Amounts payable | 17/49 | €1,216,257 | €1,178,551 | -€37,706 | -3.1% |
| Amounts payable after more than one year | 17 | €1,159,100 | €1,111,660 | -€47,439 | -4.1% |
| Financial debts | 170/4 | €289,717 | €246,411 | -€43,306 | -14.9% |
| Other amounts payable | 178/9 | €869,382 | €865,249 | -€4,133 | -0.5% |
| Amounts payable within one year | 42/48 | €46,170 | €58,653 | +€12,483 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €42,215 | €43,306 | +€1,091 | +2.6% |
| Trade debts | 44 | €123 | €1,750 | +€1,626 | +1317.5% |
| Suppliers | 440/4 | €123 | €1,750 | +€1,626 | +1317.5% |
| Taxes, remuneration and social security | 45 | €3,831 | €4,477 | +€646 | +16.9% |
| Taxes | 450/3 | €3,831 | €4,477 | +€646 | +16.9% |
| Other amounts payable | 47/48 | €0 | €9,120 | +€9,120 | |
| Accrued charges and deferred income | 492/3 | €10,988 | €8,238 | -€2,750 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,968 | €71,417 | +€449 | +0.6% |
| Other operating charges | 640/8 | €13,786 | €13,902 | +€116 | +0.8% |
| Gross operating margin | 9900 | €125,078 | €133,315 | +€8,237 | +6.6% |
| Operating profit (loss) | 9901 | €40,323 | €47,996 | +€7,672 | +19.0% |
| Financial income | 75/76B | - | €79 | +€79 | |
| Recurring financial income | 75 | - | €79 | +€79 | |
| Financial charges | 65/66B | €27,885 | €27,969 | +€85 | +0.3% |
| Recurring financial charges | 65 | €27,885 | €27,969 | +€85 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €12,439 | €20,106 | +€7,667 | +61.6% |
| Transfer from deferred taxes | 780 | €1,862 | €1,862 | = | 0.0% |
| Income taxes | 67/77 | €3,801 | €8,767 | +€4,967 | +130.7% |
| Profit (loss) for the period | 9904 | €10,500 | €13,201 | +€2,700 | +25.7% |
| Transfer from tax-exempt reserves | 789 | €5,587 | €5,587 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,087 | €18,787 | +€2,700 | +16.8% |
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 7 October 2026 via checked.be.