STANISLAS: 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.
STANISLAS
Largest movements
- Cash -€109,206
down €109,206 (-89.8%), from €121,663 to €12,457
mainly Other debts (-€66,681) and Contributions, distributions and other (-€57,222)
- Receivables within one year +€36,708
up €36,708 (+12.9%), from €283,476 to €320,185
of which Other amounts receivable: +€40,461
- Tangible fixed assets -€27,098
down €27,098 (-6.3%), from €429,159 to €402,061
of which Land and buildings: -€25,939
- Trade debts +€89,899
up €89,899 (+25.2%), from €357,070 to €446,969
- Reserves -€68,877
down €68,877 (-23.7%), from €290,055 to €221,178
of which Distributable reserves: -€68,877
- Other debts -€66,681
down €66,681 (-94.1%), from €70,844 to €4,163
- Debts after one year -€40,302
down €40,302 (-20.3%), from €198,497 to €158,195
- Gross operating margin -€51,506
down €51,506 (-59.7%), from €86,303 to €34,797
- Taxes -€15,459
down €15,459 (-100.0%), from €15,459 to €0
- Write-downs +€8,368
up €8,368, from €0 to €8,368
- Depreciation +€1,507
up €1,507 (+4.8%), from €31,420 to €32,927
- Financial income +€1,402
up €1,402 (+30.5%), from €4,590 to €5,992
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 | €1,002,048 | €902,729 | -€99,319 | -9.9% |
| Fixed assets | 21/28 | €429,159 | €402,061 | -€27,098 | -6.3% |
| Tangible fixed assets | 22/27 | €429,159 | €402,061 | -€27,098 | -6.3% |
| Land and buildings | 22 | €421,376 | €395,436 | -€25,939 | -6.2% |
| Plant, machinery and equipment | 23 | €1,046 | €236 | -€811 | -77.5% |
| Furniture and vehicles | 24 | €2,849 | €6,389 | +€3,540 | +124.3% |
| Leasing and similar rights | 25 | €3,887 | €0 | -€3,887 | -100.0% |
| Current assets | 29/58 | €572,890 | €500,668 | -€72,221 | -12.6% |
| Amounts receivable after more than one year | 29 | €155,000 | €155,000 | = | 0.0% |
| Other amounts receivable | 291 | €155,000 | €155,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,515 | €0 | -€2,515 | -100.0% |
| Stocks | 30/36 | €2,515 | €0 | -€2,515 | -100.0% |
| Amounts receivable within one year | 40/41 | €283,476 | €320,185 | +€36,708 | +12.9% |
| Trade receivables | 40 | €215,665 | €211,912 | -€3,752 | -1.7% |
| Other amounts receivable | 41 | €67,812 | €108,272 | +€40,461 | +59.7% |
| Cash at bank and in hand | 54/58 | €121,663 | €12,457 | -€109,206 | -89.8% |
| Deferred charges and accrued income | 490/1 | €10,235 | €13,026 | +€2,791 | +27.3% |
| Total equity and liabilities | 10/49 | €1,002,048 | €902,729 | -€99,319 | -9.9% |
| Equity | 10/15 | €308,655 | €239,778 | -€68,877 | -22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €290,055 | €221,178 | -€68,877 | -23.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,891 | €36,891 | = | 0.0% |
| Distributable reserves | 133 | €251,304 | €182,427 | -€68,877 | -27.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €693,393 | €662,951 | -€30,443 | -4.4% |
| Amounts payable after more than one year | 17 | €198,497 | €158,195 | -€40,302 | -20.3% |
| Financial debts | 170/4 | €198,497 | €158,195 | -€40,302 | -20.3% |
| Amounts payable within one year | 42/48 | €494,897 | €504,747 | +€9,851 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €41,552 | €40,302 | -€1,250 | -3.0% |
| Financial debts | 43 | €4,525 | €0 | -€4,525 | -100.0% |
| Credit institutions | 430/8 | €4,525 | €0 | -€4,525 | -100.0% |
| Trade debts | 44 | €357,070 | €446,969 | +€89,899 | +25.2% |
| Suppliers | 440/4 | €357,070 | €446,969 | +€89,899 | +25.2% |
| Taxes, remuneration and social security | 45 | €20,907 | €13,314 | -€7,593 | -36.3% |
| Taxes | 450/3 | €20,907 | €13,314 | -€7,593 | -36.3% |
| Other amounts payable | 47/48 | €70,844 | €4,163 | -€66,681 | -94.1% |
| Accrued charges and deferred income | 492/3 | - | €8 | +€8 | |
| Remuneration, social security and pensions | 62 | €710 | €0 | -€710 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,420 | €32,927 | +€1,507 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €8,368 | +€8,368 | |
| Other operating charges | 640/8 | €5,870 | €5,716 | -€154 | -2.6% |
| Gross operating margin | 9900 | €86,303 | €34,797 | -€51,506 | -59.7% |
| Operating profit (loss) | 9901 | €48,303 | -€12,213 | -€60,516 | |
| Financial income | 75/76B | €4,590 | €5,992 | +€1,402 | +30.5% |
| Recurring financial income | 75 | €4,590 | €5,992 | +€1,402 | +30.5% |
| Financial charges | 65/66B | €6,118 | €5,434 | -€684 | -11.2% |
| Recurring financial charges | 65 | €6,118 | €5,434 | -€684 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €46,775 | -€11,655 | -€58,430 | |
| Income taxes | 67/77 | €15,459 | €0 | -€15,459 | -100.0% |
| Profit (loss) for the period | 9904 | €31,316 | -€11,655 | -€42,971 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,316 | -€11,655 | -€42,971 |
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 8 October 2026 via checked.be.