STANCE: 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.
STANCE
Largest movements
- Tangible fixed assets -€37,166
down €37,166 (-17.1%), from €217,134 to €179,968
of which Land and buildings: -€32,600
- Receivables after one year -€25,000
down €25,000 (-11.1%), from €225,000 to €200,000
- Cash +€11,923
up €11,923 (+206.8%), from €5,766 to €17,690
mainly Net result for the year (+€52,300) and Depreciation (+€37,166)
- Debts after one year -€48,830
down €48,830 (-19.2%), from €254,105 to €205,275
- Other debts -€28,362
down €28,362 (-36.4%), from €77,856 to €49,494
- Tax, wage and social debts +€23,302
up €23,302 (+158.3%), from €14,718 to €38,020
of which Taxes: +€21,402
- Reserves +€5,000
up €5,000 (+8.1%), from €61,860 to €66,860
of which Distributable reserves: +€5,000
- Financial charges -€77,719
down €77,719 (-84.1%), from €92,446 to €14,727
- Taxes +€21,625
up €21,625 (+5937.1%), from €364 to €21,990
- Gross operating margin +€4,661
up €4,661 (+3.9%), from €118,941 to €123,603
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 | €471,708 | €422,662 | -€49,046 | -10.4% |
| Fixed assets | 21/28 | €217,134 | €179,968 | -€37,166 | -17.1% |
| Tangible fixed assets | 22/27 | €217,134 | €179,968 | -€37,166 | -17.1% |
| Land and buildings | 22 | €187,472 | €154,872 | -€32,600 | -17.4% |
| Furniture and vehicles | 24 | €343 | - | -€343 | |
| Other tangible fixed assets | 26 | €29,318 | €25,096 | -€4,223 | -14.4% |
| Current assets | 29/58 | €254,574 | €242,694 | -€11,880 | -4.7% |
| Amounts receivable after more than one year | 29 | €225,000 | €200,000 | -€25,000 | -11.1% |
| Other amounts receivable | 291 | €225,000 | €200,000 | -€25,000 | -11.1% |
| Amounts receivable within one year | 40/41 | €20,268 | €20,726 | +€458 | +2.3% |
| Trade receivables | 40 | €20,268 | €20,726 | +€458 | +2.3% |
| Cash at bank and in hand | 54/58 | €5,766 | €17,690 | +€11,923 | +206.8% |
| Deferred charges and accrued income | 490/1 | €3,540 | €4,279 | +€739 | +20.9% |
| Total equity and liabilities | 10/49 | €471,708 | €422,662 | -€49,046 | -10.4% |
| Equity | 10/15 | €65,757 | €73,057 | +€7,300 | +11.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,860 | €66,860 | +€5,000 | +8.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €65,000 | +€5,000 | +8.3% |
| Profit (loss) carried forward | 14 | -€2,303 | -€3 | +€2,300 | +99.9% |
| Amounts payable | 17/49 | €405,951 | €349,605 | -€56,346 | -13.9% |
| Amounts payable after more than one year | 17 | €254,105 | €205,275 | -€48,830 | -19.2% |
| Financial debts | 170/4 | €254,105 | €205,275 | -€48,830 | -19.2% |
| Amounts payable within one year | 42/48 | €147,876 | €142,970 | -€4,906 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €54,743 | €55,077 | +€334 | +0.6% |
| Trade debts | 44 | €559 | €379 | -€181 | -32.3% |
| Suppliers | 440/4 | €559 | €379 | -€181 | -32.3% |
| Taxes, remuneration and social security | 45 | €14,718 | €38,020 | +€23,302 | +158.3% |
| Taxes | 450/3 | €13,918 | €35,320 | +€21,402 | +153.8% |
| Remuneration and social security | 454/9 | €800 | €2,700 | +€1,900 | +237.5% |
| Other amounts payable | 47/48 | €77,856 | €49,494 | -€28,362 | -36.4% |
| Accrued charges and deferred income | 492/3 | €3,970 | €1,360 | -€2,610 | -65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,693 | €37,166 | +€472 | +1.3% |
| Other operating charges | 640/8 | €4,312 | €3,983 | -€330 | -7.6% |
| Gross operating margin | 9900 | €118,941 | €123,603 | +€4,661 | +3.9% |
| Operating profit (loss) | 9901 | €77,936 | €82,454 | +€4,518 | +5.8% |
| Financial income | 75/76B | €6,563 | €6,563 | = | 0.0% |
| Recurring financial income | 75 | €6,563 | €6,563 | = | 0.0% |
| Financial charges | 65/66B | €92,446 | €14,727 | -€77,719 | -84.1% |
| Recurring financial charges | 65 | €92,446 | €14,727 | -€77,719 | -84.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,947 | €74,290 | +€82,237 | |
| Income taxes | 67/77 | €364 | €21,990 | +€21,625 | +5937.1% |
| Profit (loss) for the period | 9904 | -€8,312 | €52,300 | +€60,612 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,312 | €52,300 | +€60,612 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.