StaPal: 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.
What changed
StaPal
NACE 82.100, Office administrative and support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€422,491
2024 · €747,029-€324,537
Equity
€254.2m
2024 · €253.8m+€422,491
Cash
€5.3m
2024 · €14.1m-€8.9m
Balance sheet total
€279.5m
2024 · €282.6m-€3.1m
Largest movements
Assets
- Cash -€8.9m
down €8.9m (-62.7%), from €14.1m to €5.3m
mainly Receivables after one year (-€5.6m) and Other debts (-€3.5m)
- Receivables after one year +€5.6m
up €5.6m (+7.8%), from €71.8m to €77.5m
Equity and liabilities
- Other debts -€3.5m
down €3.5m (-100.0%), from €3.5m to €0
Income statement
- Financial income -€264,590
down €264,590 (-27.9%), from €946,839 to €682,249
of which Non-recurring financial income: -€181,226
- Staff costs +€133,388
up €133,388 (+8.7%), from €1.5m to €1.7m
- Taxes -€62,126
down €62,126 (-31.9%), from €194,534 to €132,408
of which Taxes: -€51,026
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.
Result 2024
€747,029
Other operating income
+€4,291
Services and other goods
+€7,145
Staff costs
-€133,388
Other operating charges
-€46
Financial income
-€264,590
Financial charges
-€76
Taxes
+€62,126
Result 2025
€422,491
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.
From operations
-€8.9m
Investment
€0
Financing
€0
Cash 2024
€14.1m
From operations (derived)
-€8.9m
Net result for the year
+€422,491
Receivables after one year
-€5.6m
Receivables within one year
-€93,274
Deferred charges and accrued income
-€23,440
Trade debts
+€12,849
Tax, wage and social debts
-€93,670
Other debts
-€3.5m
Cash 2025
€5.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €282,643,767 | €279,527,945 | -€3.1m | -1.1% |
| Fixed assets | 21/28 | €194,256,159 | €194,256,159 | = | 0.0% |
| Financial fixed assets | 28 | €194,256,159 | €194,256,159 | = | 0.0% |
| Affiliated companies | 280/1 | €194,256,159 | €194,256,159 | = | 0.0% |
| Participating interests | 280 | €194,256,159 | €194,256,159 | = | 0.0% |
| Current assets | 29/58 | €88,387,608 | €85,271,787 | -€3.1m | -3.5% |
| Amounts receivable after more than one year | 29 | €71,830,056 | €77,462,718 | +€5.6m | +7.8% |
| Other amounts receivable | 291 | €71,830,056 | €77,462,718 | +€5.6m | +7.8% |
| Amounts receivable within one year | 40/41 | €327,479 | €420,753 | +€93,274 | +28.5% |
| Other amounts receivable | 41 | €327,479 | €420,753 | +€93,274 | +28.5% |
| Current investments | 50/53 | €2,000,000 | €2,000,000 | = | 0.0% |
| Other investments | 51/53 | €2,000,000 | €2,000,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,139,732 | €5,274,535 | -€8.9m | -62.7% |
| Deferred charges and accrued income | 490/1 | €90,341 | €113,781 | +€23,440 | +25.9% |
| Total equity and liabilities | 10/49 | €282,643,767 | €279,527,945 | -€3.1m | -1.1% |
| Equity | 10/15 | €253,762,544 | €254,185,035 | +€422,491 | +0.2% |
| Contributions | 10/11 | €180,000,000 | €180,000,000 | = | 0.0% |
| Capital | 10 | €180,000,000 | €180,000,000 | = | 0.0% |
| Issued capital | 100 | €180,000,000 | €180,000,000 | = | 0.0% |
| Reserves | 13 | €73,762,544 | €74,185,035 | +€422,491 | +0.6% |
| Non-distributable reserves | 130/1 | €18,000,000 | €18,000,000 | = | 0.0% |
| Legal reserve | 130 | €18,000,000 | €18,000,000 | = | 0.0% |
| Distributable reserves | 133 | €55,762,544 | €56,185,035 | +€422,491 | +0.8% |
| Amounts payable | 17/49 | €28,881,223 | €25,342,910 | -€3.5m | -12.3% |
| Amounts payable after more than one year | 17 | €25,000,000 | €25,000,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000,000 | €25,000,000 | = | 0.0% |
| Other loans | 174 | €25,000,000 | €25,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,881,223 | €342,910 | -€3.5m | -91.2% |
| Trade debts | 44 | €29,000 | €41,848 | +€12,849 | +44.3% |
| Suppliers | 440/4 | €29,000 | €41,848 | +€12,849 | +44.3% |
| Taxes, remuneration and social security | 45 | €394,732 | €301,062 | -€93,670 | -23.7% |
| Taxes | 450/3 | €158,929 | €86,180 | -€72,749 | -45.8% |
| Remuneration and social security | 454/9 | €235,803 | €214,882 | -€20,922 | -8.9% |
| Other amounts payable | 47/48 | €3,457,491 | €0 | -€3.5m | -100.0% |
| Operating income | 70/76A | €2,038,408 | €2,042,699 | +€4,291 | +0.2% |
| Turnover | 70 | €2,016,000 | €2,016,000 | = | 0.0% |
| Other operating income | 74 | €22,408 | €26,699 | +€4,291 | +19.2% |
| Operating charges | 60/66A | €1,792,724 | €1,919,014 | +€126,289 | +7.0% |
| Services and other goods | 61 | €264,028 | €256,883 | -€7,145 | -2.7% |
| Remuneration, social security and pensions | 62 | €1,527,133 | €1,660,520 | +€133,388 | +8.7% |
| Other operating charges | 640/8 | €1,564 | €1,611 | +€46 | +3.0% |
| Operating profit (loss) | 9901 | €245,683 | €123,685 | -€121,998 | -49.7% |
| Financial income | 75/76B | €946,839 | €682,249 | -€264,590 | -27.9% |
| Recurring financial income | 75 | €765,612 | €682,249 | -€83,363 | -10.9% |
| Income from current assets | 751 | €765,612 | €682,249 | -€83,363 | -10.9% |
| Non-recurring financial income | 76B | €181,226 | - | -€181,226 | |
| Financial charges | 65/66B | €250,960 | €251,035 | +€76 | 0.0% |
| Recurring financial charges | 65 | €250,960 | €251,035 | +€76 | 0.0% |
| Debt charges | 650 | €250,000 | €250,000 | = | 0.0% |
| Other financial charges | 652/9 | €960 | €1,035 | +€76 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €941,562 | €554,899 | -€386,663 | -41.1% |
| Income taxes | 67/77 | €194,534 | €132,408 | -€62,126 | -31.9% |
| Taxes | 670/3 | €197,550 | €146,524 | -€51,026 | -25.8% |
| Tax adjustments and reversals of tax provisions | 77 | €3,016 | €14,117 | +€11,100 | +368.0% |
| Profit (loss) for the period | 9904 | €747,029 | €422,491 | -€324,537 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €747,029 | €422,491 | -€324,537 | -43.4% |
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 7 October 2026 via checked.be.