Stap Express: 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.
Stap Express
Largest movements
- Cash +€72,784
up €72,784 (+57.1%), from €127,375 to €200,159
mainly Trade debts (+€145,094) and Depreciation (+€41,171)
- Stocks and contracts +€21,671
up €21,671 (+13.5%), from €160,209 to €181,879
- Intangible fixed assets -€11,000
down €11,000 (-24.5%), from €44,917 to €33,917
- Tangible fixed assets +€7,276
up €7,276 (+12.4%), from €58,515 to €65,791
of which Furniture and vehicles: +€21,869
- Trade debts +€145,094
up €145,094 (+45.6%), from €318,012 to €463,106
- Profit (loss) carried forward -€69,876
down €69,876 (-66.1%), from €105,685 to €35,810
- Debts after one year +€15,525
up €15,525 (+164%), from €9,444 to €24,969
- Tax, wage and social debts +€12,995
up €12,995 (+43.1%), from €30,156 to €43,151
of which Remuneration and social security: +€11,764
- Current portion of long-term debt -€6,827
down €6,827 (-30.2%), from €22,620 to €15,793
- Staff costs -€40,670
down €40,670 (-18.8%), from €216,423 to €175,753
- Gross operating margin -€26,634
down €26,634 (-14.5%), from €184,017 to €157,383
- Depreciation -€12,686
down €12,686 (-23.6%), from €53,856 to €41,171
- Other operating charges -€8,248
down €8,248 (-66.2%), from €12,452 to €4,204
- Financial income +€2,365
up €2,365 (+77.2%), from €3,065 to €5,430
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 | €560,056 | €656,429 | +€96,373 | +17.2% |
| Fixed assets | 21/28 | €103,432 | €99,708 | -€3,724 | -3.6% |
| Intangible fixed assets | 21 | €44,917 | €33,917 | -€11,000 | -24.5% |
| Tangible fixed assets | 22/27 | €58,515 | €65,791 | +€7,276 | +12.4% |
| Plant, machinery and equipment | 23 | €22,597 | €10,939 | -€11,657 | -51.6% |
| Furniture and vehicles | 24 | €24,230 | €46,099 | +€21,869 | +90.3% |
| Other tangible fixed assets | 26 | €11,689 | €8,753 | -€2,935 | -25.1% |
| Current assets | 29/58 | €456,624 | €556,721 | +€100,097 | +21.9% |
| Stocks and contracts in progress | 3 | €160,209 | €181,879 | +€21,671 | +13.5% |
| Stocks | 30/36 | €160,209 | €181,879 | +€21,671 | +13.5% |
| Amounts receivable within one year | 40/41 | €156,011 | €161,343 | +€5,333 | +3.4% |
| Trade receivables | 40 | €2,648 | €439 | -€2,209 | -83.4% |
| Other amounts receivable | 41 | €153,362 | €160,904 | +€7,542 | +4.9% |
| Cash at bank and in hand | 54/58 | €127,375 | €200,159 | +€72,784 | +57.1% |
| Deferred charges and accrued income | 490/1 | €13,030 | €13,340 | +€310 | +2.4% |
| Total equity and liabilities | 10/49 | €560,056 | €656,429 | +€96,373 | +17.2% |
| Equity | 10/15 | €179,285 | €109,410 | -€69,876 | -39.0% |
| Contributions | 10/11 | €73,600 | €73,600 | = | 0.0% |
| Contributions outside capital | 11 | €73,600 | €73,600 | = | 0.0% |
| Other | 1109/19 | €73,600 | €73,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,685 | €35,810 | -€69,876 | -66.1% |
| Amounts payable | 17/49 | €380,771 | €547,019 | +€166,249 | +43.7% |
| Amounts payable after more than one year | 17 | €9,444 | €24,969 | +€15,525 | +164% |
| Financial debts | 170/4 | €9,444 | €24,969 | +€15,525 | +164% |
| Amounts payable within one year | 42/48 | €371,327 | €522,050 | +€150,723 | +40.6% |
| Current portion of amounts payable after more than one year | 42 | €22,620 | €15,793 | -€6,827 | -30.2% |
| Trade debts | 44 | €318,012 | €463,106 | +€145,094 | +45.6% |
| Suppliers | 440/4 | €318,012 | €463,106 | +€145,094 | +45.6% |
| Taxes, remuneration and social security | 45 | €30,156 | €43,151 | +€12,995 | +43.1% |
| Taxes | 450/3 | €303 | €1,534 | +€1,231 | +406% |
| Remuneration and social security | 454/9 | €29,854 | €41,617 | +€11,764 | +39.4% |
| Other amounts payable | 47/48 | €539 | - | -€539 | |
| Remuneration, social security and pensions | 62 | €216,423 | €175,753 | -€40,670 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,856 | €41,171 | -€12,686 | -23.6% |
| Other operating charges | 640/8 | €12,452 | €4,204 | -€8,248 | -66.2% |
| Gross operating margin | 9900 | €184,017 | €157,383 | -€26,634 | -14.5% |
| Operating profit (loss) | 9901 | -€98,715 | -€63,745 | +€34,970 | +35.4% |
| Financial income | 75/76B | €3,065 | €5,430 | +€2,365 | +77.2% |
| Recurring financial income | 75 | €3,065 | €5,430 | +€2,365 | +77.2% |
| Financial charges | 65/66B | €8,802 | €10,797 | +€1,995 | +22.7% |
| Recurring financial charges | 65 | €8,802 | €10,797 | +€1,995 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | -€104,451 | -€69,112 | +€35,339 | +33.8% |
| Income taxes | 67/77 | -€1,309 | €764 | +€2,073 | |
| Profit (loss) for the period | 9904 | -€103,142 | -€69,876 | +€33,267 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€103,142 | -€69,876 | +€33,267 | +32.3% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.