STANINVEST: 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.
STANINVEST
Largest movements
- Cash -€27,836
down €27,836 (-36.8%), from €75,542 to €47,707
mainly Debts after one year (-€51,150) and Contributions, distributions and other (-€50,000)
- Tangible fixed assets -€14,860
down €14,860 (-2.0%), from €751,018 to €736,158
of which Land and buildings: -€14,645
- Debts after one year -€51,150
down €51,150 (-7.5%), from €680,886 to €629,736
of which Financial debts: -€51,150
- Reserves +€17,302
up €17,302 (+14.5%), from €119,237 to €136,538
of which Distributable reserves: +€17,302
- Financial income -€23,080
down €23,080 (-98.9%), from €23,330 to €250
of which Non-recurring financial income: -€23,280
- Taxes -€5,714
down €5,714 (-18.6%), from €30,657 to €24,943
- Depreciation +€2,414
up €2,414 (+11.7%), from €20,659 to €23,073
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.
Derived cash bridge
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 | €946,536 | €909,764 | -€36,772 | -3.9% |
| Fixed assets | 21/28 | €833,049 | €818,189 | -€14,860 | -1.8% |
| Tangible fixed assets | 22/27 | €751,018 | €736,158 | -€14,860 | -2.0% |
| Land and buildings | 22 | €750,803 | €736,158 | -€14,645 | -2.0% |
| Furniture and vehicles | 24 | €215 | - | -€215 | |
| Financial fixed assets | 28 | €82,032 | €82,032 | = | 0.0% |
| Current assets | 29/58 | €113,487 | €91,575 | -€21,912 | -19.3% |
| Amounts receivable within one year | 40/41 | €32,189 | €38,313 | +€6,125 | +19.0% |
| Trade receivables | 40 | €25,990 | €38,313 | +€12,323 | +47.4% |
| Other amounts receivable | 41 | €6,198 | - | -€6,198 | |
| Cash at bank and in hand | 54/58 | €75,542 | €47,707 | -€27,836 | -36.8% |
| Deferred charges and accrued income | 490/1 | €5,756 | €5,555 | -€201 | -3.5% |
| Total equity and liabilities | 10/49 | €946,536 | €909,764 | -€36,772 | -3.9% |
| Equity | 10/15 | €120,237 | €137,538 | +€17,302 | +14.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €119,237 | €136,538 | +€17,302 | +14.5% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €119,137 | €136,438 | +€17,302 | +14.5% |
| Amounts payable | 17/49 | €826,300 | €772,226 | -€54,074 | -6.5% |
| Amounts payable after more than one year | 17 | €680,886 | €629,736 | -€51,150 | -7.5% |
| Financial debts | 170/4 | €679,176 | €628,026 | -€51,150 | -7.5% |
| Other amounts payable | 178/9 | €1,710 | €1,710 | +€0 | 0.0% |
| Amounts payable within one year | 42/48 | €145,414 | €142,490 | -€2,924 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €69,692 | €67,843 | -€1,848 | -2.7% |
| Trade debts | 44 | €9,375 | €10,295 | +€920 | +9.8% |
| Suppliers | 440/4 | €9,375 | €10,295 | +€920 | +9.8% |
| Taxes, remuneration and social security | 45 | €16,347 | €14,351 | -€1,995 | -12.2% |
| Taxes | 450/3 | €16,347 | €14,351 | -€1,995 | -12.2% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,659 | €23,073 | +€2,414 | +11.7% |
| Other operating charges | 640/8 | €3,333 | €4,107 | +€774 | +23.2% |
| Gross operating margin | 9900 | €136,933 | €136,108 | -€825 | -0.6% |
| Operating profit (loss) | 9901 | €112,942 | €108,929 | -€4,013 | -3.6% |
| Financial income | 75/76B | €23,330 | €250 | -€23,080 | -98.9% |
| Recurring financial income | 75 | €50 | €250 | +€200 | +404% |
| Non-recurring financial income | 76B | €23,280 | - | -€23,280 | |
| Financial charges | 65/66B | €16,281 | €16,933 | +€653 | +4.0% |
| Recurring financial charges | 65 | €16,281 | €16,933 | +€653 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €119,991 | €92,245 | -€27,746 | -23.1% |
| Income taxes | 67/77 | €30,657 | €24,943 | -€5,714 | -18.6% |
| Profit (loss) for the period | 9904 | €89,334 | €67,302 | -€22,032 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €89,334 | €67,302 | -€22,032 | -24.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.