STANDEC: 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.
STANDEC
Largest movements
- Cash +€50,638
up €50,638 (+50.1%), from €101,038 to €151,675
mainly Net result for the year (+€38,636) and Other debts (+€35,638)
- Current investments +€8,705
up €8,705 (+17.6%), from €49,381 to €58,086
- Tangible fixed assets -€3,896
down €3,896 (-2.4%), from €160,450 to €156,554
of which Land and buildings: -€5,156
- Other debts +€35,638
up €35,638 (+166.2%), from €21,444 to €57,082
- Tax, wage and social debts +€14,852
new in 2025: €14,852
- Profit (loss) carried forward +€13,636
up €13,636 (+6.8%), from €199,772 to €213,408
- Debts after one year -€6,701
down €6,701 (-10.4%), from €64,179 to €57,478
- Gross operating margin +€35,090
up €35,090 (+123.0%), from €28,531 to €63,621
- Other operating charges -€9,749
down €9,749 (-85.5%), from €11,399 to €1,650
- Taxes +€8,160
up €8,160 (+121.9%), from €6,692 to €14,852
- Depreciation -€1,293
down €1,293 (-20.0%), from €6,449 to €5,156
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 | €317,060 | €371,753 | +€54,693 | +17.3% |
| Fixed assets | 21/28 | €160,450 | €156,554 | -€3,896 | -2.4% |
| Tangible fixed assets | 22/27 | €160,450 | €156,554 | -€3,896 | -2.4% |
| Land and buildings | 22 | €160,450 | €155,293 | -€5,156 | -3.2% |
| Plant, machinery and equipment | 23 | - | €1,260 | +€1,260 | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €156,610 | €215,199 | +€58,589 | +37.4% |
| Amounts receivable within one year | 40/41 | €6,192 | €5,438 | -€754 | -12.2% |
| Trade receivables | 40 | €736 | - | -€736 | |
| Other amounts receivable | 41 | €5,456 | €5,438 | -€17 | -0.3% |
| Current investments | 50/53 | €49,381 | €58,086 | +€8,705 | +17.6% |
| Cash at bank and in hand | 54/58 | €101,038 | €151,675 | +€50,638 | +50.1% |
| Total equity and liabilities | 10/49 | €317,060 | €371,753 | +€54,693 | +17.3% |
| Equity | 10/15 | €220,232 | €233,868 | +€13,636 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €199,772 | €213,408 | +€13,636 | +6.8% |
| Amounts payable | 17/49 | €96,828 | €137,885 | +€41,057 | +42.4% |
| Amounts payable after more than one year | 17 | €64,179 | €57,478 | -€6,701 | -10.4% |
| Financial debts | 170/4 | €64,179 | €57,478 | -€6,701 | -10.4% |
| Amounts payable within one year | 42/48 | €32,649 | €80,407 | +€47,758 | +146.3% |
| Current portion of amounts payable after more than one year | 42 | €6,419 | €6,701 | +€282 | +4.4% |
| Trade debts | 44 | €4,786 | €1,772 | -€3,014 | -63.0% |
| Suppliers | 440/4 | €4,786 | €1,772 | -€3,014 | -63.0% |
| Taxes, remuneration and social security | 45 | - | €14,852 | +€14,852 | |
| Taxes | 450/3 | - | €14,852 | +€14,852 | |
| Other amounts payable | 47/48 | €21,444 | €57,082 | +€35,638 | +166.2% |
| Remuneration, social security and pensions | 62 | €55 | - | -€55 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,449 | €5,156 | -€1,293 | -20.0% |
| Other operating charges | 640/8 | €11,399 | €1,650 | -€9,749 | -85.5% |
| Non-recurring operating charges | 66A | €286 | €397 | +€110 | +38.6% |
| Gross operating margin | 9900 | €28,531 | €63,621 | +€35,090 | +123.0% |
| Operating profit (loss) | 9901 | €10,342 | €56,418 | +€46,076 | +445.5% |
| Financial income | 75/76B | €100 | €218 | +€117 | +117.1% |
| Recurring financial income | 75 | €100 | €218 | +€117 | +117.1% |
| Financial charges | 65/66B | €3,391 | €3,147 | -€244 | -7.2% |
| Recurring financial charges | 65 | €3,391 | €3,147 | -€244 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €7,051 | €53,489 | +€46,437 | +658.6% |
| Income taxes | 67/77 | €6,692 | €14,852 | +€8,160 | +121.9% |
| Profit (loss) for the period | 9904 | €359 | €38,636 | +€38,277 | +10652.3% |
| Profit (loss) for the period to be appropriated | 9905 | €359 | €38,636 | +€38,277 | +10652.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.