STAS: 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.
What changed
STAS
NACE 46.642, Wholesale trade
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€488,987
2023 · €217,122+€271,865
Equity
€8.1m
2023 · €7.6m+€488,987
Cash
€3.0m
2023 · €1.4m+€1.6m
Balance sheet total
€11.0m
2023 · €10.6m+€350,844
Largest movements
Assets
- Cash +€1.6m
up €1.6m (+114%), from €1.4m to €3.0m
mainly Receivables within one year (+€884,706) and Stocks and contracts (+€648,581)
- Receivables within one year -€884,706
down €884,706 (-25.5%), from €3.5m to €2.6m
of which Trade receivables: -€837,027
- Stocks and contracts -€648,581
down €648,581 (-20.4%), from €3.2m to €2.5m
- Tangible fixed assets +€176,434
up €176,434 (+9.2%), from €1.9m to €2.1m
of which Plant, machinery and equipment: +€144,432
- Intangible fixed assets +€113,989
up €113,989 (+125%), from €90,960 to €204,949
Equity and liabilities
- Short-term financial debts -€400,000
no longer reported in 2024 (was €400,000)
- Profit (loss) carried forward +€377,115
up €377,115 (+337%), from €111,872 to €488,987
- Debts after one year +€163,980
up €163,980 (+24.0%), from €682,468 to €846,448
- Tax, wage and social debts +€163,504
up €163,504 (+43.1%), from €379,527 to €543,031
of which Taxes: +€167,245
- Reserves +€111,872
up €111,872 (+1.5%), from €7.5m to €7.6m
of which Distributable reserves: +€238,172
Income statement
- Goods and materials -€400,171
down €400,171 (-3.6%), from €11.0m to €10.6m
of which Purchases: -€1.7m
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.
Result 2023
€217,122
Turnover
+€28,392
Other operating income
+€8,787
Goods and materials
+€400,171
Services and other goods
+€84,251
Staff costs
+€143,738
Depreciation
-€128,504
Other operating charges
-€14,904
Other operating items
+€45,742
Financial income
-€117,213
Financial charges
-€66,020
Taxes
-€112,575
Result 2024
€488,987
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€2.6m
Investment
-€728,149
Financing
-€242,112
Cash 2023
€1.4m
From operations (derived)
+€2.6m
Net result for the year
+€488,987
Depreciation
+€437,726
Receivables after one year
-€25,000
Stocks and contracts
+€648,581
Receivables within one year
+€884,706
Deferred charges and accrued income
+€32,181
Trade debts
-€3,391
Tax, wage and social debts
+€163,504
Advances received
-€56,143
Investment (derived)
-€728,149
Investment in fixed assets (net)
-€728,149
Financing
-€242,112
Debts after one year
+€163,980
Current portion of long-term debt
-€6,093
Short-term financial debts
-€400,000
Cash 2024
€3.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,603,544 | €10,954,388 | +€350,844 | +3.3% |
| Fixed assets | 21/28 | €2,011,787 | €2,302,209 | +€290,422 | +14.4% |
| Intangible fixed assets | 21 | €90,960 | €204,949 | +€113,989 | +125% |
| Tangible fixed assets | 22/27 | €1,911,827 | €2,088,260 | +€176,434 | +9.2% |
| Land and buildings | 22 | €1,425,538 | €1,304,841 | -€120,697 | -8.5% |
| Plant, machinery and equipment | 23 | €227,206 | €371,638 | +€144,432 | +63.6% |
| Furniture and vehicles | 24 | €259,083 | €283,850 | +€24,768 | +9.6% |
| Leasing and similar rights | 25 | - | €126,754 | +€126,754 | |
| Other tangible fixed assets | 26 | - | €1,177 | +€1,177 | |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €9,000 | €9,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €8,591,757 | €8,652,178 | +€60,421 | +0.7% |
| Amounts receivable after more than one year | 29 | €336,273 | €361,273 | +€25,000 | +7.4% |
| Other amounts receivable | 291 | €336,273 | €361,273 | +€25,000 | +7.4% |
| Stocks and contracts in progress | 3 | €3,177,977 | €2,529,396 | -€648,581 | -20.4% |
| Stocks | 30/36 | €3,177,977 | €2,529,396 | -€648,581 | -20.4% |
| Goods purchased for resale | 34 | €3,177,977 | €2,529,396 | -€648,581 | -20.4% |
| Amounts receivable within one year | 40/41 | €3,473,615 | €2,588,910 | -€884,706 | -25.5% |
| Trade receivables | 40 | €3,389,684 | €2,552,657 | -€837,027 | -24.7% |
| Other amounts receivable | 41 | €83,931 | €36,252 | -€47,679 | -56.8% |
| Current investments | 50/53 | €169,144 | €169,144 | = | 0.0% |
| Other investments | 51/53 | €169,144 | €169,144 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,398,292 | €2,999,181 | +€1.6m | +114% |
| Deferred charges and accrued income | 490/1 | €36,456 | €4,275 | -€32,181 | -88.3% |
| Total equity and liabilities | 10/49 | €10,603,544 | €10,954,388 | +€350,844 | +3.3% |
| Equity | 10/15 | €7,627,996 | €8,116,983 | +€488,987 | +6.4% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €7,451,124 | €7,562,996 | +€111,872 | +1.5% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €269,050 | €142,750 | -€126,300 | -46.9% |
| Distributable reserves | 133 | €7,175,574 | €7,413,746 | +€238,172 | +3.3% |
| Profit (loss) carried forward | 14 | €111,872 | €488,987 | +€377,115 | +337% |
| Amounts payable | 17/49 | €2,975,548 | €2,837,405 | -€138,143 | -4.6% |
| Amounts payable after more than one year | 17 | €682,468 | €846,448 | +€163,980 | +24.0% |
| Financial debts | 170/4 | €682,468 | €846,448 | +€163,980 | +24.0% |
| Leasing and similar obligations | 172 | - | €101,531 | +€101,531 | |
| Credit institutions | 173 | €682,468 | €744,916 | +€62,449 | +9.2% |
| Amounts payable within one year | 42/48 | €2,293,080 | €1,990,957 | -€302,123 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €174,373 | €168,280 | -€6,093 | -3.5% |
| Financial debts | 43 | €400,000 | - | -€400,000 | |
| Credit institutions | 430/8 | €400,000 | - | -€400,000 | |
| Trade debts | 44 | €953,342 | €949,951 | -€3,391 | -0.4% |
| Suppliers | 440/4 | €953,342 | €949,951 | -€3,391 | -0.4% |
| Advances received on contracts in progress | 46 | €385,838 | €329,695 | -€56,143 | -14.6% |
| Taxes, remuneration and social security | 45 | €379,527 | €543,031 | +€163,504 | +43.1% |
| Taxes | 450/3 | €114,127 | €281,372 | +€167,245 | +147% |
| Remuneration and social security | 454/9 | €265,400 | €261,659 | -€3,741 | -1.4% |
| Operating income | 70/76A | €15,135,510 | €15,217,716 | +€82,206 | +0.5% |
| Turnover | 70 | €14,994,125 | €15,022,517 | +€28,392 | +0.2% |
| Other operating income | 74 | €111,187 | €119,974 | +€8,787 | +7.9% |
| Non-recurring operating income | 76A | €30,197 | €75,225 | +€45,028 | +149% |
| Operating charges | 60/66A | €14,824,296 | €14,338,829 | -€485,467 | -3.3% |
| Goods for resale, raw materials and consumables | 60 | €11,027,376 | €10,627,204 | -€400,171 | -3.6% |
| Purchases | 600/8 | €11,655,386 | €9,978,623 | -€1.7m | -14.4% |
| Change in stocks: decrease (increase) | 609 | -€628,011 | €648,581 | +€1.3m | |
| Services and other goods | 61 | €1,462,687 | €1,378,436 | -€84,251 | -5.8% |
| Remuneration, social security and pensions | 62 | €1,957,275 | €1,813,537 | -€143,738 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309,222 | €437,726 | +€128,504 | +41.6% |
| Other operating charges | 640/8 | €66,522 | €81,426 | +€14,904 | +22.4% |
| Non-recurring operating charges | 66A | €1,215 | €500 | -€715 | -58.8% |
| Operating profit (loss) | 9901 | €311,214 | €878,887 | +€567,673 | +182% |
| Financial income | 75/76B | €134,884 | €17,671 | -€117,213 | -86.9% |
| Recurring financial income | 75 | €17,775 | €15,171 | -€2,604 | -14.6% |
| Income from current assets | 751 | €7,144 | €2,147 | -€4,997 | -70.0% |
| Other financial income | 752/9 | €10,630 | €13,024 | +€2,394 | +22.5% |
| Non-recurring financial income | 76B | €117,109 | €2,500 | -€114,609 | -97.9% |
| Financial charges | 65/66B | €93,032 | €159,052 | +€66,020 | +71.0% |
| Recurring financial charges | 65 | €91,496 | €134,927 | +€43,431 | +47.5% |
| Debt charges | 650 | €48,080 | €61,058 | +€12,977 | +27.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€8,902 | - | +€8,902 | |
| Other financial charges | 652/9 | €52,317 | €73,869 | +€21,552 | +41.2% |
| Non-recurring financial charges | 66B | €1,536 | €24,125 | +€22,589 | +1,471% |
| Profit (loss) for the period before taxes | 9903 | €353,066 | €737,506 | +€384,439 | +109% |
| Income taxes | 67/77 | €135,945 | €248,519 | +€112,575 | +82.8% |
| Taxes | 670/3 | €135,945 | €248,519 | +€112,575 | +82.8% |
| Profit (loss) for the period | 9904 | €217,122 | €488,987 | +€271,865 | +125% |
| Transfer from tax-exempt reserves | 789 | €63,150 | €126,300 | +€63,150 | +100% |
| Transfer to tax-exempt reserves | 689 | €105,250 | - | -€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €175,022 | €615,287 | +€440,265 | +252% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.