STAND44: 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.
STAND44
Largest movements
- Stocks and contracts +€18,500
new in 2025: €18,500
- Tangible fixed assets -€4,001
down €4,001 (-26.1%), from €15,332 to €11,331
of which Plant, machinery and equipment: -€2,328
- Cash -€3,726
down €3,726 (-23.3%), from €15,963 to €12,237
mainly Other debts (-€38,815) and Stocks and contracts (-€18,500)
- Receivables within one year -€966
down €966 (-34.9%), from €2,766 to €1,800
- Other debts -€38,815
down €38,815 (-91.9%), from €42,257 to €3,442
- Debts after one year +€30,000
new in 2025: €30,000
- Short-term financial debts +€11,460
new in 2025: €11,460
- Profit (loss) carried forward +€2,680
up €2,680 (+19.2%), from -€13,983 to -€11,303
- Tax, wage and social debts +€2,521
up €2,521 (+169%), from €1,489 to €4,010
- Gross operating margin +€17,274
up €17,274, from -€7,369 to €9,904
- Depreciation +€394
up €394 (+7.7%), from €5,106 to €5,501
- Other operating charges +€282
up €282 (+20.8%), from €1,353 to €1,635
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.
Derived cash bridge
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 | €35,875 | €44,899 | +€9,023 | +25.2% |
| Fixed assets | 21/28 | €16,706 | €12,362 | -€4,344 | -26.0% |
| Intangible fixed assets | 21 | €1,374 | €1,031 | -€344 | -25.0% |
| Tangible fixed assets | 22/27 | €15,332 | €11,331 | -€4,001 | -26.1% |
| Plant, machinery and equipment | 23 | €9,531 | €7,203 | -€2,328 | -24.4% |
| Furniture and vehicles | 24 | €5,801 | €4,128 | -€1,673 | -28.8% |
| Current assets | 29/58 | €19,169 | €32,537 | +€13,368 | +69.7% |
| Stocks and contracts in progress | 3 | - | €18,500 | +€18,500 | |
| Stocks | 30/36 | - | €18,500 | +€18,500 | |
| Amounts receivable within one year | 40/41 | €2,766 | €1,800 | -€966 | -34.9% |
| Trade receivables | 40 | €2,766 | €1,800 | -€966 | -34.9% |
| Cash at bank and in hand | 54/58 | €15,963 | €12,237 | -€3,726 | -23.3% |
| Deferred charges and accrued income | 490/1 | €440 | - | -€440 | |
| Total equity and liabilities | 10/49 | €35,875 | €44,899 | +€9,023 | +25.2% |
| Equity | 10/15 | -€8,983 | -€6,303 | +€2,680 | +29.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,983 | -€11,303 | +€2,680 | +19.2% |
| Amounts payable | 17/49 | €44,858 | €51,202 | +€6,344 | +14.1% |
| Amounts payable after more than one year | 17 | - | €30,000 | +€30,000 | |
| Other amounts payable | 178/9 | - | €30,000 | +€30,000 | |
| Amounts payable within one year | 42/48 | €44,858 | €21,202 | -€23,656 | -52.7% |
| Financial debts | 43 | - | €11,460 | +€11,460 | |
| Other loans | 439 | - | €11,460 | +€11,460 | |
| Trade debts | 44 | €1,112 | €2,290 | +€1,178 | +106% |
| Suppliers | 440/4 | €1,112 | €2,290 | +€1,178 | +106% |
| Taxes, remuneration and social security | 45 | €1,489 | €4,010 | +€2,521 | +169% |
| Taxes | 450/3 | €1,489 | €4,010 | +€2,521 | +169% |
| Other amounts payable | 47/48 | €42,257 | €3,442 | -€38,815 | -91.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,106 | €5,501 | +€394 | +7.7% |
| Other operating charges | 640/8 | €1,353 | €1,635 | +€282 | +20.8% |
| Gross operating margin | 9900 | -€7,369 | €9,904 | +€17,274 | |
| Operating profit (loss) | 9901 | -€13,829 | €2,769 | +€16,598 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €154 | €89 | -€65 | -42.1% |
| Recurring financial charges | 65 | €154 | €89 | -€65 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,983 | €2,680 | +€16,662 | |
| Profit (loss) for the period | 9904 | -€13,983 | €2,680 | +€16,662 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,983 | €2,680 | +€16,662 |
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 14 October 2026 via checked.be.