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.
STANFORD
Largest movements
- Tangible fixed assets -€54,404
down €54,404 (-8.6%), from €633,102 to €578,699
- Debts after one year -€38,777
down €38,777 (-9.1%), from €424,900 to €386,124
- Accrued charges and deferred income -€7,570
down €7,570 (-79.6%), from €9,510 to €1,940
- Gross operating margin +€20,054
up €20,054 (+48.7%), from €41,143 to €61,197
- Financial charges -€664
down €664 (-7.8%), from €8,492 to €7,828
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 | €698,754 | €645,868 | -€52,886 | -7.6% |
| Fixed assets | 21/28 | €633,102 | €578,699 | -€54,404 | -8.6% |
| Tangible fixed assets | 22/27 | €633,102 | €578,699 | -€54,404 | -8.6% |
| Land and buildings | 22 | €633,102 | €578,699 | -€54,404 | -8.6% |
| Current assets | 29/58 | €65,652 | €67,169 | +€1,518 | +2.3% |
| Amounts receivable within one year | 40/41 | €49,635 | €49,237 | -€397 | -0.8% |
| Other amounts receivable | 41 | €49,635 | €49,237 | -€397 | -0.8% |
| Cash at bank and in hand | 54/58 | €16,017 | €17,932 | +€1,915 | +12.0% |
| Total equity and liabilities | 10/49 | €698,754 | €645,868 | -€52,886 | -7.6% |
| Equity | 10/15 | -€65,118 | -€70,385 | -€5,267 | -8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,262 | €11,262 | = | 0.0% |
| Distributable reserves | 133 | €11,262 | €11,262 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,980 | -€100,247 | -€5,267 | -5.5% |
| Amounts payable | 17/49 | €763,873 | €716,253 | -€47,620 | -6.2% |
| Amounts payable after more than one year | 17 | €424,900 | €386,124 | -€38,777 | -9.1% |
| Financial debts | 170/4 | €424,900 | €386,124 | -€38,777 | -9.1% |
| Amounts payable within one year | 42/48 | €329,462 | €328,189 | -€1,273 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €38,140 | €38,777 | +€637 | +1.7% |
| Trade debts | 44 | €10,710 | €10,300 | -€410 | -3.8% |
| Suppliers | 440/4 | €10,710 | €10,300 | -€410 | -3.8% |
| Other amounts payable | 47/48 | €280,613 | €279,113 | -€1,500 | -0.5% |
| Accrued charges and deferred income | 492/3 | €9,510 | €1,940 | -€7,570 | -79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,193 | €54,404 | +€211 | +0.4% |
| Other operating charges | 640/8 | €3,921 | €4,232 | +€311 | +7.9% |
| Gross operating margin | 9900 | €41,143 | €61,197 | +€20,054 | +48.7% |
| Operating profit (loss) | 9901 | -€16,971 | €2,561 | +€19,532 | |
| Financial charges | 65/66B | €8,492 | €7,828 | -€664 | -7.8% |
| Recurring financial charges | 65 | €8,492 | €7,828 | -€664 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,463 | -€5,267 | +€20,196 | +79.3% |
| Profit (loss) for the period | 9904 | -€25,463 | -€5,267 | +€20,196 | +79.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,463 | -€5,267 | +€20,196 | +79.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.