STANDAERT: what changed
STANDAERT
Largest movements
- Cash -€147,297
down €147,297 (-41.9%), from €351,559 to €204,262
mainly Other debts (-€100,000) and Contributions, distributions and other (-€100,000)
- Receivables within one year +€87,934
up €87,934 (+99.7%), from €88,226 to €176,160
of which Trade receivables: +€101,273
- Tangible fixed assets +€25,557
up €25,557 (+19.4%), from €131,849 to €157,406
of which Furniture and vehicles: +€32,673
- Deferred charges and accrued income +€10,536
up €10,536 (+121%), from €8,718 to €19,254
- Stocks and contracts +€10,123
up €10,123 (+5.9%), from €171,966 to €182,089
- Other debts -€100,000
down €100,000 (-50.0%), from €200,000 to €100,000
- Debts after one year +€34,212
new in 2025: €34,212
- Reserves +€25,325
up €25,325 (+9.1%), from €278,939 to €304,264
of which Distributable reserves: +€25,325
- Trade debts +€15,595
up €15,595 (+185%), from €8,430 to €24,025
- Current portion of long-term debt +€8,122
new in 2025: €8,122
- Gross operating margin -€192,618
down €192,618 (-29.6%), from €650,171 to €457,553
- Staff costs -€40,642
down €40,642 (-14.2%), from €285,322 to €244,680
- Taxes -€40,286
down €40,286 (-48.2%), from €83,608 to €43,321
- Depreciation +€8,488
up €8,488 (+31.3%), from €27,080 to €35,568
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 | €753,497 | €740,281 | -€13,216 | -1.8% |
| Fixed assets | 21/28 | €132,803 | €158,291 | +€25,488 | +19.2% |
| Intangible fixed assets | 21 | €69 | - | -€69 | |
| Tangible fixed assets | 22/27 | €131,849 | €157,406 | +€25,557 | +19.4% |
| Land and buildings | 22 | €80,016 | €73,034 | -€6,982 | -8.7% |
| Plant, machinery and equipment | 23 | €494 | €359 | -€135 | -27.3% |
| Furniture and vehicles | 24 | €51,340 | €84,014 | +€32,673 | +63.6% |
| Financial fixed assets | 28 | €885 | €885 | = | 0.0% |
| Current assets | 29/58 | €620,694 | €581,990 | -€38,704 | -6.2% |
| Stocks and contracts in progress | 3 | €171,966 | €182,089 | +€10,123 | +5.9% |
| Stocks | 30/36 | €171,966 | €182,089 | +€10,123 | +5.9% |
| Amounts receivable within one year | 40/41 | €88,226 | €176,160 | +€87,934 | +99.7% |
| Trade receivables | 40 | €73,134 | €174,407 | +€101,273 | +138% |
| Other amounts receivable | 41 | €15,091 | €1,753 | -€13,339 | -88.4% |
| Current investments | 50/53 | €225 | €225 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €351,559 | €204,262 | -€147,297 | -41.9% |
| Deferred charges and accrued income | 490/1 | €8,718 | €19,254 | +€10,536 | +121% |
| Total equity and liabilities | 10/49 | €753,497 | €740,281 | -€13,216 | -1.8% |
| Equity | 10/15 | €528,939 | €554,264 | +€25,325 | +4.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €278,939 | €304,264 | +€25,325 | +9.1% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €253,939 | €279,264 | +€25,325 | +10.0% |
| Amounts payable | 17/49 | €224,558 | €186,017 | -€38,541 | -17.2% |
| Amounts payable after more than one year | 17 | - | €34,212 | +€34,212 | |
| Financial debts | 170/4 | - | €34,212 | +€34,212 | |
| Amounts payable within one year | 42/48 | €224,558 | €151,805 | -€72,753 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | - | €8,122 | +€8,122 | |
| Trade debts | 44 | €8,430 | €24,025 | +€15,595 | +185% |
| Suppliers | 440/4 | €8,430 | €24,025 | +€15,595 | +185% |
| Taxes, remuneration and social security | 45 | €16,128 | €19,659 | +€3,530 | +21.9% |
| Taxes | 450/3 | - | €1,244 | +€1,244 | |
| Remuneration and social security | 454/9 | €16,128 | €18,414 | +€2,286 | +14.2% |
| Other amounts payable | 47/48 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Non-recurring operating income | 76A | - | €700 | +€700 | |
| Remuneration, social security and pensions | 62 | €285,322 | €244,680 | -€40,642 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,080 | €35,568 | +€8,488 | +31.3% |
| Other operating charges | 640/8 | €10,364 | €11,412 | +€1,048 | +10.1% |
| Gross operating margin | 9900 | €650,171 | €457,553 | -€192,618 | -29.6% |
| Operating profit (loss) | 9901 | €327,405 | €165,893 | -€161,512 | -49.3% |
| Financial income | 75/76B | €5,002 | €5,044 | +€42 | +0.8% |
| Recurring financial income | 75 | €5,002 | €5,044 | +€42 | +0.8% |
| Financial charges | 65/66B | €2,332 | €2,290 | -€42 | -1.8% |
| Recurring financial charges | 65 | €2,332 | €2,290 | -€42 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €330,075 | €168,646 | -€161,429 | -48.9% |
| Income taxes | 67/77 | €83,608 | €43,321 | -€40,286 | -48.2% |
| Profit (loss) for the period | 9904 | €246,467 | €125,325 | -€121,142 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €246,467 | €125,325 | -€121,142 | -49.2% |
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 6 November 2026 via checked.be.