STAP: 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.
STAP
Largest movements
- Tangible fixed assets -€222,856
down €222,856 (-56.8%), from €392,564 to €169,707
of which Leasing and similar rights: -€186,322
- Cash +€27,589
up €27,589 (+169.9%), from €16,234 to €43,824
mainly Investment in fixed assets (net) (+€184,441) and Depreciation (+€38,416)
- Receivables within one year -€18,439
down €18,439 (-10.3%), from €179,075 to €160,636
of which Other amounts receivable: -€21,952
- Deferred charges and accrued income -€9,896
down €9,896 (-61.5%), from €16,101 to €6,205
- Debts after one year -€136,909
down €136,909 (-73.7%), from €185,714 to €48,805
- Trade debts -€60,043
down €60,043 (-44.2%), from €135,716 to €75,672
- Profit (loss) carried forward +€36,029
up €36,029 (+310.1%), from €11,618 to €47,647
- Current portion of long-term debt -€34,429
down €34,429 (-30.1%), from €114,287 to €79,858
- Other debts -€30,743
down €30,743 (-86.4%), from €35,600 to €4,857
- Staff costs +€56,538
up €56,538 (+32.6%), from €173,688 to €230,226
- Gross operating margin +€38,908
up €38,908 (+12.1%), from €321,272 to €360,180
- Depreciation -€29,499
down €29,499 (-43.4%), from €67,915 to €38,416
- Financial charges -€13,633
down €13,633 (-30.5%), from €44,705 to €31,072
of which Financial charges: -€11,633
- Other operating charges +€6,485
up €6,485 (+59.1%), from €10,974 to €17,459
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 | €604,174 | €380,572 | -€223,603 | -37.0% |
| Fixed assets | 21/28 | €392,764 | €169,907 | -€222,856 | -56.7% |
| Tangible fixed assets | 22/27 | €392,564 | €169,707 | -€222,856 | -56.8% |
| Plant, machinery and equipment | 23 | €232 | €18 | -€215 | -92.4% |
| Furniture and vehicles | 24 | €161,527 | €125,208 | -€36,319 | -22.5% |
| Leasing and similar rights | 25 | €230,805 | €44,482 | -€186,322 | -80.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €211,410 | €210,664 | -€746 | -0.4% |
| Amounts receivable within one year | 40/41 | €179,075 | €160,636 | -€18,439 | -10.3% |
| Trade receivables | 40 | €75,036 | €78,548 | +€3,512 | +4.7% |
| Other amounts receivable | 41 | €104,039 | €82,087 | -€21,952 | -21.1% |
| Cash at bank and in hand | 54/58 | €16,234 | €43,824 | +€27,589 | +169.9% |
| Deferred charges and accrued income | 490/1 | €16,101 | €6,205 | -€9,896 | -61.5% |
| Total equity and liabilities | 10/49 | €604,174 | €380,572 | -€223,603 | -37.0% |
| Equity | 10/15 | €41,618 | €79,647 | +€38,029 | +91.4% |
| Contributions | 10/11 | €19,000 | €21,000 | +€2,000 | +10.5% |
| Reserves | 13 | €11,000 | €11,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,000 | €11,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,618 | €47,647 | +€36,029 | +310.1% |
| Amounts payable | 17/49 | €562,556 | €300,924 | -€261,631 | -46.5% |
| Amounts payable after more than one year | 17 | €185,714 | €48,805 | -€136,909 | -73.7% |
| Financial debts | 170/4 | €185,714 | €48,805 | -€136,909 | -73.7% |
| Amounts payable within one year | 42/48 | €372,973 | €250,365 | -€122,608 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €114,287 | €79,858 | -€34,429 | -30.1% |
| Trade debts | 44 | €135,716 | €75,672 | -€60,043 | -44.2% |
| Suppliers | 440/4 | €135,716 | €75,672 | -€60,043 | -44.2% |
| Advances received on contracts in progress | 46 | €12,466 | €12,466 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €74,904 | €77,511 | +€2,607 | +3.5% |
| Taxes | 450/3 | €23,698 | €42,857 | +€19,159 | +80.8% |
| Remuneration and social security | 454/9 | €51,206 | €34,655 | -€16,551 | -32.3% |
| Other amounts payable | 47/48 | €35,600 | €4,857 | -€30,743 | -86.4% |
| Accrued charges and deferred income | 492/3 | €3,869 | €1,755 | -€2,114 | -54.6% |
| Non-recurring operating income | 76A | €977 | €102,046 | +€101,069 | +10349.2% |
| Remuneration, social security and pensions | 62 | €173,688 | €230,226 | +€56,538 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,915 | €38,416 | -€29,499 | -43.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,225 | - | -€5,225 | |
| Other operating charges | 640/8 | €10,974 | €17,459 | +€6,485 | +59.1% |
| Non-recurring operating charges | 66A | €7,400 | €7,261 | -€139 | -1.9% |
| Gross operating margin | 9900 | €321,272 | €360,180 | +€38,908 | +12.1% |
| Operating profit (loss) | 9901 | €56,070 | €66,818 | +€10,748 | +19.2% |
| Financial income | 75/76B | - | €893 | +€893 | |
| Recurring financial income | 75 | - | €893 | +€893 | |
| Financial charges | 65/66B | €44,705 | €31,072 | -€13,633 | -30.5% |
| Recurring financial charges | 65 | €44,705 | €33,072 | -€11,633 | -26.0% |
| Non-recurring financial charges | 66B | - | -€2,000 | -€2,000 | |
| Profit (loss) for the period before taxes | 9903 | €11,365 | €36,639 | +€25,274 | +222.4% |
| Income taxes | 67/77 | €90 | €610 | +€520 | +577.4% |
| Profit (loss) for the period | 9904 | €11,275 | €36,029 | +€24,754 | +219.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,275 | €36,029 | +€24,754 | +219.5% |
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.