stannah: 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.
stannah
Largest movements
- Cash +€203,217
up €203,217 (+87.7%), from €231,815 to €435,032
mainly Trade debts (+€891,037) and Current portion of long-term debt (+€118,000)
- Tangible fixed assets -€49,121
down €49,121 (-17.5%), from €280,661 to €231,540
of which Furniture and vehicles: -€31,548
- Stocks and contracts +€25,501
up €25,501 (+8.9%), from €286,700 to €312,201
- Trade debts +€891,037
up €891,037 (+204.4%), from €435,916 to €1.3m
- Profit (loss) carried forward -€798,190
down €798,190, from €645,361 to -€152,829
- Current portion of long-term debt +€118,000
new in 2024: €118,000
- Tax, wage and social debts -€96,612
down €96,612 (-26.8%), from €360,095 to €263,483
of which Remuneration and social security: -€79,625
- Debts after one year +€62,000
new in 2024: €62,000
- Gross operating margin -€276,682
down €276,682 (-17.5%), from €1.6m to €1.3m
- Staff costs +€31,472
up €31,472 (+1.6%), from €2.0m to €2.0m
- Taxes +€25,235
up €25,235, from -€21,670 to €3,566
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,561,673 | €1,733,576 | +€171,903 | +11.0% |
| Fixed assets | 21/28 | €280,661 | €231,757 | -€48,904 | -17.4% |
| Tangible fixed assets | 22/27 | €280,661 | €231,540 | -€49,121 | -17.5% |
| Plant, machinery and equipment | 23 | €9,000 | €11,531 | +€2,531 | +28.1% |
| Furniture and vehicles | 24 | €75,295 | €43,747 | -€31,548 | -41.9% |
| Other tangible fixed assets | 26 | €196,366 | €176,262 | -€20,104 | -10.2% |
| Financial fixed assets | 28 | - | €217 | +€217 | |
| Current assets | 29/58 | €1,281,012 | €1,501,819 | +€220,807 | +17.2% |
| Stocks and contracts in progress | 3 | €286,700 | €312,201 | +€25,501 | +8.9% |
| Stocks | 30/36 | €286,700 | €312,201 | +€25,501 | +8.9% |
| Amounts receivable within one year | 40/41 | €737,685 | €745,618 | +€7,933 | +1.1% |
| Trade receivables | 40 | €708,112 | €740,370 | +€32,258 | +4.6% |
| Other amounts receivable | 41 | €29,573 | €5,248 | -€24,325 | -82.3% |
| Cash at bank and in hand | 54/58 | €231,815 | €435,032 | +€203,217 | +87.7% |
| Deferred charges and accrued income | 490/1 | €24,812 | €8,968 | -€15,843 | -63.9% |
| Total equity and liabilities | 10/49 | €1,561,673 | €1,733,576 | +€171,903 | +11.0% |
| Equity | 10/15 | €665,812 | -€132,377 | -€798,190 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €645,361 | -€152,829 | -€798,190 | |
| Amounts payable | 17/49 | €895,861 | €1,865,954 | +€970,092 | +108.3% |
| Amounts payable after more than one year | 17 | - | €62,000 | +€62,000 | |
| Financial debts | 170/4 | - | €62,000 | +€62,000 | |
| Amounts payable within one year | 42/48 | €879,070 | €1,789,328 | +€910,259 | +103.5% |
| Current portion of amounts payable after more than one year | 42 | - | €118,000 | +€118,000 | |
| Trade debts | 44 | €435,916 | €1,326,953 | +€891,037 | +204.4% |
| Suppliers | 440/4 | €435,916 | €1,326,953 | +€891,037 | +204.4% |
| Advances received on contracts in progress | 46 | €83,058 | €80,892 | -€2,166 | -2.6% |
| Taxes, remuneration and social security | 45 | €360,095 | €263,483 | -€96,612 | -26.8% |
| Taxes | 450/3 | €52,095 | €35,108 | -€16,987 | -32.6% |
| Remuneration and social security | 454/9 | €307,999 | €228,375 | -€79,625 | -25.9% |
| Accrued charges and deferred income | 492/3 | €16,792 | €14,625 | -€2,167 | -12.9% |
| Non-recurring operating income | 76A | €4,043 | €1,851 | -€2,192 | -54.2% |
| Remuneration, social security and pensions | 62 | €1,970,676 | €2,002,148 | +€31,472 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,649 | €63,119 | -€7,530 | -10.7% |
| Other operating charges | 640/8 | €6,919 | €3,372 | -€3,547 | -51.3% |
| Non-recurring operating charges | 66A | - | €1,278 | +€1,278 | |
| Gross operating margin | 9900 | €1,580,659 | €1,303,976 | -€276,682 | -17.5% |
| Operating profit (loss) | 9901 | -€467,585 | -€765,941 | -€298,355 | -63.8% |
| Financial income | 75/76B | €529 | €19 | -€510 | -96.5% |
| Recurring financial income | 75 | €529 | €19 | -€510 | -96.5% |
| Financial charges | 65/66B | €24,100 | €28,702 | +€4,602 | +19.1% |
| Recurring financial charges | 65 | €24,100 | €28,702 | +€4,602 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | -€491,156 | -€794,624 | -€303,467 | -61.8% |
| Income taxes | 67/77 | -€21,670 | €3,566 | +€25,235 | |
| Profit (loss) for the period | 9904 | -€469,487 | -€798,190 | -€328,703 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€469,487 | -€798,190 | -€328,703 | -70.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.