STAND INVEST: what changed
STAND INVEST
Largest movements
- Tangible fixed assets -€7,309
down €7,309 (-3.8%), from €190,523 to €183,214
of which Land and buildings: -€7,142
- Receivables within one year +€2,992
new in 2025: €2,992
- Cash +€2,563
up €2,563 (+55.5%), from €4,619 to €7,182
mainly Net result for the year (+€14,316) and Depreciation (+€7,309)
- Profit (loss) carried forward +€14,316
up €14,316 (+15.6%), from -€91,799 to -€77,483
- Debts after one year -€14,105
down €14,105 (-11.8%), from €119,105 to €105,000
of which Financial debts: -€14,105
- Current portion of long-term debt -€5,940
down €5,940 (-29.6%), from €20,045 to €14,105
- Trade debts +€3,391
new in 2025: €3,391
- Turnover +€41,160
new in 2025: €41,160
- Purchases and services +€10,207
new in 2025: €10,207
- Gross operating margin +€4,522
up €4,522 (+17.1%), from €26,430 to €30,953
- Financial charges -€956
down €956 (-14.8%), from €6,461 to €5,506
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 | €197,352 | €195,014 | -€2,338 | -1.2% |
| Fixed assets | 21/28 | €190,523 | €183,214 | -€7,309 | -3.8% |
| Tangible fixed assets | 22/27 | €190,523 | €183,214 | -€7,309 | -3.8% |
| Land and buildings | 22 | €189,853 | €182,711 | -€7,142 | -3.8% |
| Other tangible fixed assets | 26 | €670 | €503 | -€168 | -25.0% |
| Current assets | 29/58 | €6,828 | €11,800 | +€4,971 | +72.8% |
| Amounts receivable within one year | 40/41 | - | €2,992 | +€2,992 | |
| Trade receivables | 40 | - | €2,992 | +€2,992 | |
| Cash at bank and in hand | 54/58 | €4,619 | €7,182 | +€2,563 | +55.5% |
| Deferred charges and accrued income | 490/1 | €2,209 | €1,626 | -€583 | -26.4% |
| Total equity and liabilities | 10/49 | €197,352 | €195,014 | -€2,338 | -1.2% |
| Equity | 10/15 | €58,201 | €72,517 | +€14,316 | +24.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,799 | -€77,483 | +€14,316 | +15.6% |
| Amounts payable | 17/49 | €139,150 | €122,497 | -€16,653 | -12.0% |
| Amounts payable after more than one year | 17 | €119,105 | €105,000 | -€14,105 | -11.8% |
| Financial debts | 170/4 | €14,105 | €0 | -€14,105 | -100% |
| Other amounts payable | 178/9 | €105,000 | €105,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,045 | €17,497 | -€2,548 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €20,045 | €14,105 | -€5,940 | -29.6% |
| Trade debts | 44 | - | €3,391 | +€3,391 | |
| Suppliers | 440/4 | - | €3,391 | +€3,391 | |
| Turnover | 70 | - | €41,160 | +€41,160 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €10,207 | +€10,207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,310 | €7,309 | -€1 | 0.0% |
| Other operating charges | 640/8 | €3,706 | €3,822 | +€116 | +3.1% |
| Gross operating margin | 9900 | €26,430 | €30,953 | +€4,522 | +17.1% |
| Operating profit (loss) | 9901 | €15,414 | €19,821 | +€4,407 | +28.6% |
| Financial charges | 65/66B | €6,461 | €5,506 | -€956 | -14.8% |
| Recurring financial charges | 65 | €6,461 | €5,506 | -€956 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €8,953 | €14,316 | +€5,362 | +59.9% |
| Profit (loss) for the period | 9904 | €8,953 | €14,316 | +€5,362 | +59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,953 | €14,316 | +€5,362 | +59.9% |
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 5 November 2026 via checked.be.