STAN EDITIONS: what changed
STAN EDITIONS
Largest movements
- Cash -€61,738
down €61,738 (-96.6%), from €63,908 to €2,169
mainly Net result for the year (-€90,006) and Stocks and contracts (-€16,147)
- Receivables within one year -€17,109
down €17,109 (-62.5%), from €27,386 to €10,277
of which Trade receivables: -€14,254
- Stocks and contracts +€16,147
up €16,147 (+22.3%), from €72,564 to €88,710
- Tangible fixed assets -€4,667
down €4,667 (-17.8%), from €26,189 to €21,522
of which Furniture and vehicles: -€7,118
- Profit (loss) carried forward -€90,006
down €90,006 (-130%), from -€69,177 to -€159,183
- Current portion of long-term debt +€9,332
up €9,332 (+41.6%), from €22,454 to €31,786
- Tax, wage and social debts +€6,517
up €6,517 (+207%), from €3,141 to €9,658
of which Remuneration and social security: +€5,019
- Trade debts +€4,506
up €4,506 (+30.6%), from €14,741 to €19,247
- Debts after one year +€2,453
up €2,453 (+5.3%), from €46,529 to €48,981
of which Financial debts: +€2,549
- Staff costs +€30,864
up €30,864 (+406%), from €7,594 to €38,458
- Gross operating margin +€9,573
up €9,573 (+21.1%), from -€45,425 to -€35,852
- Depreciation +€1,225
up €1,225 (+17.2%), from €7,118 to €8,343
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 | €193,226 | €126,027 | -€67,199 | -34.8% |
| Fixed assets | 21/28 | €27,189 | €22,522 | -€4,667 | -17.2% |
| Tangible fixed assets | 22/27 | €26,189 | €21,522 | -€4,667 | -17.8% |
| Plant, machinery and equipment | 23 | - | €2,451 | +€2,451 | |
| Furniture and vehicles | 24 | €26,189 | €19,071 | -€7,118 | -27.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €166,037 | €103,505 | -€62,532 | -37.7% |
| Stocks and contracts in progress | 3 | €72,564 | €88,710 | +€16,147 | +22.3% |
| Stocks | 30/36 | €72,564 | €88,710 | +€16,147 | +22.3% |
| Amounts receivable within one year | 40/41 | €27,386 | €10,277 | -€17,109 | -62.5% |
| Trade receivables | 40 | €22,893 | €8,639 | -€14,254 | -62.3% |
| Other amounts receivable | 41 | €4,494 | €1,638 | -€2,855 | -63.5% |
| Cash at bank and in hand | 54/58 | €63,908 | €2,169 | -€61,738 | -96.6% |
| Deferred charges and accrued income | 490/1 | €2,180 | €2,348 | +€169 | +7.7% |
| Total equity and liabilities | 10/49 | €193,226 | €126,027 | -€67,199 | -34.8% |
| Equity | 10/15 | €106,362 | €16,355 | -€90,006 | -84.6% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €5,538 | €5,538 | = | 0.0% |
| Distributable reserves | 133 | €5,538 | €5,538 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,177 | -€159,183 | -€90,006 | -130% |
| Amounts payable | 17/49 | €86,864 | €109,672 | +€22,807 | +26.3% |
| Amounts payable after more than one year | 17 | €46,529 | €48,981 | +€2,453 | +5.3% |
| Financial debts | 170/4 | €44,562 | €47,111 | +€2,549 | +5.7% |
| Other amounts payable | 178/9 | €1,967 | €1,870 | -€97 | -4.9% |
| Amounts payable within one year | 42/48 | €40,336 | €60,691 | +€20,355 | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €22,454 | €31,786 | +€9,332 | +41.6% |
| Trade debts | 44 | €14,741 | €19,247 | +€4,506 | +30.6% |
| Suppliers | 440/4 | €14,741 | €19,247 | +€4,506 | +30.6% |
| Taxes, remuneration and social security | 45 | €3,141 | €9,658 | +€6,517 | +207% |
| Taxes | 450/3 | €126 | €1,623 | +€1,498 | +1,191% |
| Remuneration and social security | 454/9 | €3,015 | €8,034 | +€5,019 | +166% |
| Remuneration, social security and pensions | 62 | €7,594 | €38,458 | +€30,864 | +406% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,118 | €8,343 | +€1,225 | +17.2% |
| Other operating charges | 640/8 | €839 | €869 | +€31 | +3.6% |
| Non-recurring operating charges | 66A | €2,179 | €121 | -€2,058 | -94.4% |
| Gross operating margin | 9900 | -€45,425 | -€35,852 | +€9,573 | +21.1% |
| Operating profit (loss) | 9901 | -€63,155 | -€83,644 | -€20,489 | -32.4% |
| Financial income | 75/76B | €1,027 | €701 | -€326 | -31.7% |
| Recurring financial income | 75 | €1,027 | €701 | -€326 | -31.7% |
| Financial charges | 65/66B | €6,922 | €6,811 | -€112 | -1.6% |
| Recurring financial charges | 65 | €6,922 | €6,581 | -€342 | -4.9% |
| Non-recurring financial charges | 66B | - | €230 | +€230 | |
| Profit (loss) for the period before taxes | 9903 | -€69,051 | -€89,754 | -€20,703 | -30.0% |
| Income taxes | 67/77 | €126 | €253 | +€127 | +101% |
| Profit (loss) for the period | 9904 | -€69,177 | -€90,006 | -€20,830 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,177 | -€90,006 | -€20,830 | -30.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.