STANDHI: 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.
STANDHI
Largest movements
- Cash +€736,529
up €736,529 (+337%), from €218,236 to €954,765
mainly Investment in fixed assets (net) (+€527,107) and Net result for the year (+€254,836)
- Financial fixed assets -€578,334
down €578,334 (-89.2%), from €648,701 to €70,367
- Receivables within one year +€100,616
up €100,616 (+136%), from €74,124 to €174,740
of which Other amounts receivable: +€54,383
- Tangible fixed assets -€51,521
down €51,521 (-4.6%), from €1.1m to €1.1m
of which Plant, machinery and equipment: -€72,732
- Current investments +€35,155
up €35,155 (+439%), from €8,000 to €43,155
- Reserves +€254,836
up €254,836 (+31.1%), from €819,305 to €1.1m
of which Distributable reserves: +€242,094
- Debts after one year -€55,829
down €55,829 (-30.7%), from €182,019 to €126,190
- Current portion of long-term debt -€49,731
down €49,731 (-47.7%), from €104,351 to €54,621
- Trade debts +€45,569
up €45,569 (+225%), from €20,291 to €65,860
- Other debts +€37,645
up €37,645 (+40.9%), from €91,969 to €129,613
- Financial income +€286,564
up €286,564 (+5,151%), from €5,563 to €292,127
of which Non-recurring financial income: +€285,882
- Taxes +€29,004
up €29,004 (+497%), from €5,834 to €34,838
- Gross operating margin -€19,105
down €19,105 (-12.9%), from €148,523 to €129,418
- Other operating charges -€5,891
down €5,891 (-40.6%), from €14,518 to €8,628
- Depreciation +€5,483
up €5,483 (+5.6%), from €97,265 to €102,748
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,081,620 | €2,323,517 | +€241,896 | +11.6% |
| Fixed assets | 21/28 | €1,778,619 | €1,148,763 | -€629,855 | -35.4% |
| Tangible fixed assets | 22/27 | €1,129,917 | €1,078,396 | -€51,521 | -4.6% |
| Land and buildings | 22 | €728,134 | €767,653 | +€39,519 | +5.4% |
| Plant, machinery and equipment | 23 | €94,288 | €21,556 | -€72,732 | -77.1% |
| Furniture and vehicles | 24 | €55,335 | €73,484 | +€18,149 | +32.8% |
| Leasing and similar rights | 25 | €252,160 | €215,704 | -€36,457 | -14.5% |
| Financial fixed assets | 28 | €648,701 | €70,367 | -€578,334 | -89.2% |
| Current assets | 29/58 | €303,002 | €1,174,753 | +€871,752 | +288% |
| Amounts receivable within one year | 40/41 | €74,124 | €174,740 | +€100,616 | +136% |
| Trade receivables | 40 | €19,080 | €65,313 | +€46,233 | +242% |
| Other amounts receivable | 41 | €55,044 | €109,427 | +€54,383 | +98.8% |
| Current investments | 50/53 | €8,000 | €43,155 | +€35,155 | +439% |
| Cash at bank and in hand | 54/58 | €218,236 | €954,765 | +€736,529 | +337% |
| Deferred charges and accrued income | 490/1 | €2,642 | €2,093 | -€549 | -20.8% |
| Total equity and liabilities | 10/49 | €2,081,620 | €2,323,517 | +€241,896 | +11.6% |
| Equity | 10/15 | €1,661,778 | €1,916,614 | +€254,836 | +15.3% |
| Contributions | 10/11 | €842,472 | €842,472 | = | 0.0% |
| Capital | 10 | €842,472 | €842,472 | = | 0.0% |
| Issued capital | 100 | €875,000 | €875,000 | = | 0.0% |
| Uncalled capital | 101 | €32,528 | €32,528 | = | 0.0% |
| Reserves | 13 | €819,305 | €1,074,141 | +€254,836 | +31.1% |
| Non-distributable reserves | 130/1 | €22,013 | €34,754 | +€12,742 | +57.9% |
| Legal reserve | 130 | €22,013 | €34,754 | +€12,742 | +57.9% |
| Distributable reserves | 133 | €797,293 | €1,039,387 | +€242,094 | +30.4% |
| Amounts payable | 17/49 | €419,843 | €406,903 | -€12,939 | -3.1% |
| Amounts payable after more than one year | 17 | €182,019 | €126,190 | -€55,829 | -30.7% |
| Financial debts | 170/4 | €182,019 | €126,190 | -€55,829 | -30.7% |
| Amounts payable within one year | 42/48 | €229,293 | €279,658 | +€50,364 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €104,351 | €54,621 | -€49,731 | -47.7% |
| Financial debts | 43 | €8,355 | €0 | -€8,355 | -100% |
| Credit institutions | 430/8 | €8,355 | €0 | -€8,355 | -100% |
| Trade debts | 44 | €20,291 | €65,860 | +€45,569 | +225% |
| Suppliers | 440/4 | €20,291 | €65,860 | +€45,569 | +225% |
| Taxes, remuneration and social security | 45 | €4,328 | €29,564 | +€25,236 | +583% |
| Taxes | 450/3 | €4,328 | €29,564 | +€25,236 | +583% |
| Other amounts payable | 47/48 | €91,969 | €129,613 | +€37,645 | +40.9% |
| Accrued charges and deferred income | 492/3 | €8,530 | €1,056 | -€7,475 | -87.6% |
| Non-recurring operating income | 76A | €1,677 | €0 | -€1,677 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,265 | €102,748 | +€5,483 | +5.6% |
| Other operating charges | 640/8 | €14,518 | €8,628 | -€5,891 | -40.6% |
| Non-recurring operating charges | 66A | €3,388 | €5,963 | +€2,575 | +76.0% |
| Gross operating margin | 9900 | €148,523 | €129,418 | -€19,105 | -12.9% |
| Operating profit (loss) | 9901 | €33,352 | €12,080 | -€21,272 | -63.8% |
| Financial income | 75/76B | €5,563 | €292,127 | +€286,564 | +5,151% |
| Recurring financial income | 75 | €5,563 | €6,245 | +€682 | +12.3% |
| Non-recurring financial income | 76B | - | €285,882 | +€285,882 | |
| Financial charges | 65/66B | €17,212 | €14,533 | -€2,678 | -15.6% |
| Recurring financial charges | 65 | €17,212 | €14,533 | -€2,678 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €21,703 | €289,673 | +€267,971 | +1,235% |
| Income taxes | 67/77 | €5,834 | €34,838 | +€29,004 | +497% |
| Profit (loss) for the period | 9904 | €15,869 | €254,836 | +€238,967 | +1,506% |
| Profit (loss) for the period to be appropriated | 9905 | €15,869 | €254,836 | +€238,967 | +1,506% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.