Stan: 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.
Stan
Largest movements
- Tangible fixed assets +€48,100
up €48,100 (+423.8%), from €11,351 to €59,451
of which Leasing and similar rights: +€48,529
- Receivables within one year +€24,564
up €24,564 (+1510.8%), from €1,626 to €26,190
of which Trade receivables: +€15,153
- Cash -€6,254
down €6,254 (-71.4%), from €8,761 to €2,507
mainly Investment in fixed assets (net) (-€64,542) and Receivables within one year (-€24,564)
- Debts after one year +€33,938
new in 2025: €33,938
- Profit (loss) carried forward +€16,645
up €16,645, from -€9,610 to €7,035
- Current portion of long-term debt +€10,407
up €10,407, from €0 to €10,407
- Trade debts +€5,736
up €5,736 (+340.8%), from €1,683 to €7,419
- Tax, wage and social debts -€986
down €986 (-25.2%), from €3,911 to €2,925
- Gross operating margin +€40,334
up €40,334, from -€2,392 to €37,942
- Depreciation +€10,324
up €10,324 (+172.6%), from €5,982 to €16,307
- Financial charges +€1,850
up €1,850 (+829.1%), from €223 to €2,073
- Taxes +€1,345
up €1,345, from €0 to €1,345
- Other operating charges +€562
up €562 (+55.4%), from €1,014 to €1,577
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 | €24,313 | €90,799 | +€66,486 | +273.5% |
| Fixed assets | 21/28 | €11,351 | €59,586 | +€48,235 | +425.0% |
| Tangible fixed assets | 22/27 | €11,351 | €59,451 | +€48,100 | +423.8% |
| Land and buildings | 22 | €718 | €612 | -€107 | -14.8% |
| Plant, machinery and equipment | 23 | €1,721 | €842 | -€879 | -51.1% |
| Furniture and vehicles | 24 | €3,044 | €3,600 | +€556 | +18.3% |
| Leasing and similar rights | 25 | €5,867 | €54,397 | +€48,529 | +827.1% |
| Financial fixed assets | 28 | - | €135 | +€135 | |
| Current assets | 29/58 | €12,962 | €31,213 | +€18,251 | +140.8% |
| Stocks and contracts in progress | 3 | €2,068 | €1,828 | -€240 | -11.6% |
| Stocks | 30/36 | €2,068 | €1,828 | -€240 | -11.6% |
| Amounts receivable within one year | 40/41 | €1,626 | €26,190 | +€24,564 | +1510.8% |
| Trade receivables | 40 | €1,626 | €16,779 | +€15,153 | +932.0% |
| Other amounts receivable | 41 | - | €9,411 | +€9,411 | |
| Cash at bank and in hand | 54/58 | €8,761 | €2,507 | -€6,254 | -71.4% |
| Deferred charges and accrued income | 490/1 | €507 | €688 | +€181 | +35.8% |
| Total equity and liabilities | 10/49 | €24,313 | €90,799 | +€66,486 | +273.5% |
| Equity | 10/15 | -€4,390 | €12,255 | +€16,645 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,220 | €2,220 | = | 0.0% |
| Distributable reserves | 133 | €2,220 | €2,220 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,610 | €7,035 | +€16,645 | |
| Amounts payable | 17/49 | €28,703 | €78,543 | +€49,841 | +173.6% |
| Amounts payable after more than one year | 17 | - | €33,938 | +€33,938 | |
| Financial debts | 170/4 | - | €33,938 | +€33,938 | |
| Amounts payable within one year | 42/48 | €28,703 | €44,606 | +€15,903 | +55.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | €10,407 | +€10,407 | |
| Trade debts | 44 | €1,683 | €7,419 | +€5,736 | +340.8% |
| Suppliers | 440/4 | €1,683 | €7,419 | +€5,736 | +340.8% |
| Taxes, remuneration and social security | 45 | €3,911 | €2,925 | -€986 | -25.2% |
| Taxes | 450/3 | €3,911 | €2,925 | -€986 | -25.2% |
| Other amounts payable | 47/48 | €23,109 | €23,855 | +€746 | +3.2% |
| Non-recurring operating income | 76A | - | €8,800 | +€8,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,982 | €16,307 | +€10,324 | +172.6% |
| Other operating charges | 640/8 | €1,014 | €1,577 | +€562 | +55.4% |
| Gross operating margin | 9900 | -€2,392 | €37,942 | +€40,334 | |
| Operating profit (loss) | 9901 | -€9,389 | €20,059 | +€29,447 | |
| Financial income | 75/76B | €2 | €4 | +€3 | +187.7% |
| Recurring financial income | 75 | €2 | €4 | +€3 | +187.7% |
| Financial charges | 65/66B | €223 | €2,073 | +€1,850 | +829.1% |
| Recurring financial charges | 65 | €223 | €2,073 | +€1,850 | +829.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,610 | €17,990 | +€27,600 | |
| Income taxes | 67/77 | €0 | €1,345 | +€1,345 | |
| Profit (loss) for the period | 9904 | -€9,610 | €16,645 | +€26,256 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,610 | €16,645 | +€26,256 |
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 9 October 2026 via checked.be.