STANFORD: 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.
What changed
STANFORD
NACE 47.512, Retail sale of household textiles and bedding
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€12,650
2024 · €29,161-€16,512
Equity
€1.3m
2024 · €1.2m+€12,650
Cash
€22,094
2024 · €39,997-€17,902
Balance sheet total
€2.1m
2024 · €2.2m-€115,699
Largest movements
Assets
- Tangible fixed assets -€67,652
down €67,652 (-12.5%), from €540,161 to €472,509
of which Land and buildings: -€42,066
- Stocks and contracts -€27,593
down €27,593 (-15.9%), from €173,397 to €145,804
Equity and liabilities
- Debts after one year -€124,708
down €124,708 (-24.9%), from €500,829 to €376,121
- Other debts -€31,500
down €31,500 (-100.0%), from €31,500 to €0
- Short-term financial debts +€23,247
up €23,247 (+15.5%), from €149,500 to €172,747
Income statement
- Staff costs +€28,576
up €28,576 (+12.8%), from €222,496 to €251,072
- Gross operating margin +€15,702
up €15,702 (+4.3%), from €366,378 to €382,080
- Taxes +€7,073
up €7,073 (+101.8%), from €6,949 to €14,022
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.
Result 2024
€29,161
Gross operating margin
+€15,702
Staff costs
-€28,576
Depreciation
-€783
Other operating charges
+€2,412
Financial income
+€3,078
Financial charges
-€1,272
Taxes
-€7,073
Result 2025
€12,650
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.
From operations
+€108,182
Investment
-€24,818
Financing
-€101,266
Cash 2024
€39,997
From operations (derived)
+€108,182
Net result for the year
+€12,650
Depreciation
+€74,036
Stocks and contracts
+€27,593
Receivables within one year
+€12,930
Deferred charges and accrued income
+€8,057
Trade debts
+€15,348
Tax, wage and social debts
-€10,931
Other debts
-€31,500
Investment (derived)
-€24,818
Investment in fixed assets (net)
-€24,818
Financing
-€101,266
Debts after one year
-€124,708
Current portion of long-term debt
+€195
Short-term financial debts
+€23,247
Cash 2025
€22,094
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,201,456 | €2,085,757 | -€115,699 | -5.3% |
| Fixed assets | 21/28 | €1,921,676 | €1,872,459 | -€49,217 | -2.6% |
| Tangible fixed assets | 22/27 | €540,161 | €472,509 | -€67,652 | -12.5% |
| Land and buildings | 22 | €362,306 | €320,240 | -€42,066 | -11.6% |
| Plant, machinery and equipment | 23 | €8,029 | €4,823 | -€3,207 | -39.9% |
| Furniture and vehicles | 24 | €55,676 | €33,296 | -€22,380 | -40.2% |
| Assets under construction and advance payments | 27 | €114,150 | €114,150 | = | 0.0% |
| Financial fixed assets | 28 | €1,381,515 | €1,399,950 | +€18,435 | +1.3% |
| Current assets | 29/58 | €279,780 | €213,298 | -€66,482 | -23.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €173,397 | €145,804 | -€27,593 | -15.9% |
| Stocks | 30/36 | €173,397 | €145,804 | -€27,593 | -15.9% |
| Amounts receivable within one year | 40/41 | €53,058 | €40,128 | -€12,930 | -24.4% |
| Trade receivables | 40 | €29,894 | €28,138 | -€1,756 | -5.9% |
| Other amounts receivable | 41 | €23,164 | €11,990 | -€11,174 | -48.2% |
| Cash at bank and in hand | 54/58 | €39,997 | €22,094 | -€17,902 | -44.8% |
| Deferred charges and accrued income | 490/1 | €13,329 | €5,272 | -€8,057 | -60.4% |
| Total equity and liabilities | 10/49 | €2,201,456 | €2,085,757 | -€115,699 | -5.3% |
| Equity | 10/15 | €1,239,950 | €1,252,600 | +€12,650 | +1.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €418,863 | €418,863 | = | 0.0% |
| Reserves | 13 | €720,517 | €733,167 | +€12,650 | +1.8% |
| Distributable reserves | 133 | €720,517 | €733,167 | +€12,650 | +1.8% |
| Profit (loss) carried forward | 14 | €81,977 | €81,977 | = | 0.0% |
| Amounts payable | 17/49 | €961,506 | €833,158 | -€128,349 | -13.3% |
| Amounts payable after more than one year | 17 | €500,829 | €376,121 | -€124,708 | -24.9% |
| Financial debts | 170/4 | €500,829 | €376,121 | -€124,708 | -24.9% |
| Amounts payable within one year | 42/48 | €460,678 | €457,037 | -€3,641 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €126,435 | €126,630 | +€195 | +0.2% |
| Financial debts | 43 | €149,500 | €172,747 | +€23,247 | +15.5% |
| Credit institutions | 430/8 | €149,500 | €172,747 | +€23,247 | +15.5% |
| Trade debts | 44 | €75,410 | €90,758 | +€15,348 | +20.4% |
| Suppliers | 440/4 | €75,410 | €90,758 | +€15,348 | +20.4% |
| Taxes, remuneration and social security | 45 | €77,833 | €66,902 | -€10,931 | -14.0% |
| Taxes | 450/3 | €28,430 | €27,266 | -€1,165 | -4.1% |
| Remuneration and social security | 454/9 | €49,402 | €39,636 | -€9,766 | -19.8% |
| Other amounts payable | 47/48 | €31,500 | €0 | -€31,500 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €222,496 | €251,072 | +€28,576 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,253 | €74,036 | +€783 | +1.1% |
| Other operating charges | 640/8 | €7,642 | €5,230 | -€2,412 | -31.6% |
| Gross operating margin | 9900 | €366,378 | €382,080 | +€15,702 | +4.3% |
| Operating profit (loss) | 9901 | €62,988 | €51,743 | -€11,245 | -17.9% |
| Financial income | 75/76B | €10,198 | €13,277 | +€3,078 | +30.2% |
| Recurring financial income | 75 | €10,198 | €13,277 | +€3,078 | +30.2% |
| Financial charges | 65/66B | €37,076 | €38,347 | +€1,272 | +3.4% |
| Recurring financial charges | 65 | €37,076 | €38,347 | +€1,272 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €36,110 | €26,672 | -€9,438 | -26.1% |
| Income taxes | 67/77 | €6,949 | €14,022 | +€7,073 | +101.8% |
| Profit (loss) for the period | 9904 | €29,161 | €12,650 | -€16,512 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,161 | €12,650 | -€16,512 | -56.6% |
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 2 October 2026 via checked.be.