STAN: what changed
STAN
Largest movements
- Deferred charges and accrued income -€11,799
down €11,799 (-51.8%), from €22,798 to €10,999
- Cash +€9,251
up €9,251 (+78.0%), from €11,867 to €21,118
mainly Deferred charges and accrued income (+€11,799) and Receivables within one year (+€8,863)
- Receivables within one year -€8,863
down €8,863 (-48.3%), from €18,335 to €9,472
of which Trade receivables: -€5,010
- Stocks and contracts +€7,589
new in 2025: €7,589
- Tax, wage and social debts -€5,907
down €5,907 (-71.0%), from €8,325 to €2,418
- Other debts +€4,422
up €4,422 (+28.4%), from €15,564 to €19,985
- Trade debts -€2,752
down €2,752 (-37.6%), from €7,310 to €4,558
- Gross operating margin -€6,513
down €6,513 (-39.0%), from €16,683 to €10,170
- Taxes -€698
down €698 (-16.9%), from €4,136 to €3,438
- Depreciation +€382
up €382 (+11.9%), from €3,220 to €3,603
- Other operating charges -€304
down €304 (-15.3%), from €1,991 to €1,687
- Financial charges -€282
down €282 (-23.6%), from €1,197 to €915
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €233,464 | €229,746 | -€3,719 | -1.6% |
| Fixed assets | 21/28 | €180,464 | €180,568 | +€104 | +0.1% |
| Tangible fixed assets | 22/27 | €35,444 | €35,547 | +€104 | +0.3% |
| Land and buildings | 22 | €31,094 | €32,317 | +€1,222 | +3.9% |
| Furniture and vehicles | 24 | €4,349 | €3,230 | -€1,119 | -25.7% |
| Financial fixed assets | 28 | €145,021 | €145,021 | = | 0.0% |
| Current assets | 29/58 | €53,000 | €49,178 | -€3,822 | -7.2% |
| Stocks and contracts in progress | 3 | - | €7,589 | +€7,589 | |
| Stocks | 30/36 | - | €7,589 | +€7,589 | |
| Amounts receivable within one year | 40/41 | €18,335 | €9,472 | -€8,863 | -48.3% |
| Trade receivables | 40 | €8,056 | €3,046 | -€5,010 | -62.2% |
| Other amounts receivable | 41 | €10,279 | €6,426 | -€3,853 | -37.5% |
| Cash at bank and in hand | 54/58 | €11,867 | €21,118 | +€9,251 | +78.0% |
| Deferred charges and accrued income | 490/1 | €22,798 | €10,999 | -€11,799 | -51.8% |
| Total equity and liabilities | 10/49 | €233,464 | €229,746 | -€3,719 | -1.6% |
| Equity | 10/15 | €199,891 | €200,419 | +€527 | +0.3% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €269,191 | €269,191 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €959 | €959 | = | 0.0% |
| Distributable reserves | 133 | €266,372 | €266,372 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,800 | -€75,273 | +€527 | +0.7% |
| Amounts payable | 17/49 | €33,573 | €29,327 | -€4,246 | -12.6% |
| Amounts payable within one year | 42/48 | €33,573 | €29,327 | -€4,246 | -12.6% |
| Financial debts | 43 | €2,374 | €2,366 | -€9 | -0.4% |
| Credit institutions | 430/8 | €2,374 | €2,366 | -€9 | -0.4% |
| Trade debts | 44 | €7,310 | €4,558 | -€2,752 | -37.6% |
| Suppliers | 440/4 | €7,310 | €4,558 | -€2,752 | -37.6% |
| Taxes, remuneration and social security | 45 | €8,325 | €2,418 | -€5,907 | -71.0% |
| Taxes | 450/3 | €8,325 | €2,418 | -€5,907 | -71.0% |
| Other amounts payable | 47/48 | €15,564 | €19,985 | +€4,422 | +28.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,220 | €3,603 | +€382 | +11.9% |
| Other operating charges | 640/8 | €1,991 | €1,687 | -€304 | -15.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €16,683 | €10,170 | -€6,513 | -39.0% |
| Operating profit (loss) | 9901 | €11,472 | €4,880 | -€6,592 | -57.5% |
| Financial income | 75/76B | €108 | €0 | -€108 | -100% |
| Recurring financial income | 75 | €108 | €0 | -€108 | -100% |
| Financial charges | 65/66B | €1,197 | €915 | -€282 | -23.6% |
| Recurring financial charges | 65 | €1,197 | €915 | -€282 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €10,383 | €3,965 | -€6,418 | -61.8% |
| Income taxes | 67/77 | €4,136 | €3,438 | -€698 | -16.9% |
| Profit (loss) for the period | 9904 | €6,247 | €527 | -€5,720 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,247 | €527 | -€5,720 | -91.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.