STAS: 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.
STAS
Largest movements
- Receivables within one year -€26,131
down €26,131 (-75.9%), from €34,442 to €8,310
of which Trade receivables: -€26,131
- Cash +€12,154
up €12,154 (+116.5%), from €10,429 to €22,583
mainly Depreciation (+€32,122) and Receivables within one year (+€26,131)
- Debts after one year -€20,352
down €20,352 (-4.3%), from €471,887 to €451,535
of which Financial debts: -€12,869
- Reserves +€15,000
up €15,000 (+750.0%), from €2,000 to €17,000
- Other debts -€14,683
down €14,683 (-85.2%), from €17,226 to €2,543
- Tax, wage and social debts +€6,772
up €6,772 (+112.4%), from €6,023 to €12,795
- Gross operating margin -€11,208
down €11,208 (-12.5%), from €89,959 to €78,751
- Taxes +€5,659
up €5,659 (+259.1%), from €2,184 to €7,844
- Other operating charges +€2,770
up €2,770 (+109.8%), from €2,523 to €5,293
- Financial charges +€2,275
up €2,275 (+15.0%), from €15,143 to €17,418
of which Non-recurring financial charges: +€2,732
- Depreciation +€2,263
up €2,263 (+7.6%), from €29,859 to €32,122
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €594,463 | €580,447 | -€14,016 | -2.4% |
| Fixed assets | 21/28 | €548,290 | €548,818 | +€529 | +0.1% |
| Tangible fixed assets | 22/27 | €547,262 | €547,790 | +€529 | +0.1% |
| Land and buildings | 22 | €543,297 | €537,269 | -€6,029 | -1.1% |
| Plant, machinery and equipment | 23 | €3,965 | €10,522 | +€6,557 | +165.4% |
| Financial fixed assets | 28 | €1,028 | €1,028 | = | 0.0% |
| Current assets | 29/58 | €46,174 | €31,629 | -€14,545 | -31.5% |
| Amounts receivable within one year | 40/41 | €34,442 | €8,310 | -€26,131 | -75.9% |
| Trade receivables | 40 | €32,826 | €6,694 | -€26,131 | -79.6% |
| Other amounts receivable | 41 | €1,616 | €1,616 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,429 | €22,583 | +€12,154 | +116.5% |
| Deferred charges and accrued income | 490/1 | €1,303 | €735 | -€567 | -43.6% |
| Total equity and liabilities | 10/49 | €594,463 | €580,447 | -€14,016 | -2.4% |
| Equity | 10/15 | €57,264 | €73,503 | +€16,239 | +28.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €17,000 | +€15,000 | +750.0% |
| Distributable reserves | 133 | €2,000 | €17,000 | +€15,000 | +750.0% |
| Profit (loss) carried forward | 14 | €35,264 | €36,503 | +€1,239 | +3.5% |
| Amounts payable | 17/49 | €537,199 | €506,944 | -€30,255 | -5.6% |
| Amounts payable after more than one year | 17 | €471,887 | €451,535 | -€20,352 | -4.3% |
| Financial debts | 170/4 | €411,887 | €399,018 | -€12,869 | -3.1% |
| Other amounts payable | 178/9 | €60,000 | €52,517 | -€7,483 | -12.5% |
| Amounts payable within one year | 42/48 | €65,312 | €55,409 | -€9,903 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €37,026 | €37,096 | +€71 | +0.2% |
| Trade debts | 44 | €5,037 | €2,974 | -€2,062 | -40.9% |
| Suppliers | 440/4 | €5,037 | €2,974 | -€2,062 | -40.9% |
| Taxes, remuneration and social security | 45 | €6,023 | €12,795 | +€6,772 | +112.4% |
| Taxes | 450/3 | €6,023 | €12,795 | +€6,772 | +112.4% |
| Other amounts payable | 47/48 | €17,226 | €2,543 | -€14,683 | -85.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,859 | €32,122 | +€2,263 | +7.6% |
| Other operating charges | 640/8 | €2,523 | €5,293 | +€2,770 | +109.8% |
| Gross operating margin | 9900 | €89,959 | €78,751 | -€11,208 | -12.5% |
| Operating profit (loss) | 9901 | €57,577 | €41,336 | -€16,241 | -28.2% |
| Financial income | 75/76B | €0 | €165 | +€165 | +1650000.0% |
| Recurring financial income | 75 | €0 | €165 | +€165 | +1650000.0% |
| Financial charges | 65/66B | €15,143 | €17,418 | +€2,275 | +15.0% |
| Recurring financial charges | 65 | €9,142 | €8,685 | -€457 | -5.0% |
| Non-recurring financial charges | 66B | €6,001 | €8,734 | +€2,732 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €42,434 | €24,083 | -€18,351 | -43.2% |
| Income taxes | 67/77 | €2,184 | €7,844 | +€5,659 | +259.1% |
| Profit (loss) for the period | 9904 | €40,249 | €16,239 | -€24,010 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,249 | €16,239 | -€24,010 | -59.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.