STAS KLEDING: 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.
STAS KLEDING
Largest movements
- Tangible fixed assets +€44,920
up €44,920 (+4.8%), from €928,894 to €973,814
of which Land and buildings: +€60,566
- Cash -€32,781
down €32,781 (-39.4%), from €83,186 to €50,405
mainly Investment in fixed assets (net) (-€112,403) and Contributions, distributions and other (-€75,000)
- Stocks and contracts +€29,753
up €29,753 (+11.9%), from €250,233 to €279,986
- Tax, wage and social debts +€39,035
up €39,035 (+187%), from €20,863 to €59,898
of which Taxes: +€38,251
- Debts after one year -€16,901
down €16,901 (-3.5%), from €479,364 to €462,463
- Gross operating margin +€23,962
up €23,962 (+7.3%), from €326,514 to €350,476
- Financial income +€17,471
up €17,471 (+82.2%), from €21,242 to €38,713
- Staff costs +€17,421
up €17,421 (+11.2%), from €155,074 to €172,495
- Depreciation -€9,562
down €9,562 (-12.4%), from €77,045 to €67,483
- Taxes +€8,641
up €8,641 (+28.8%), from €29,955 to €38,596
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 | €1,267,289 | €1,306,606 | +€39,317 | +3.1% |
| Fixed assets | 21/28 | €928,894 | €973,814 | +€44,920 | +4.8% |
| Tangible fixed assets | 22/27 | €928,894 | €973,814 | +€44,920 | +4.8% |
| Land and buildings | 22 | €894,051 | €954,617 | +€60,566 | +6.8% |
| Plant, machinery and equipment | 23 | €31,608 | €5,977 | -€25,631 | -81.1% |
| Furniture and vehicles | 24 | €3,235 | €13,220 | +€9,985 | +309% |
| Current assets | 29/58 | €338,395 | €332,792 | -€5,603 | -1.7% |
| Stocks and contracts in progress | 3 | €250,233 | €279,986 | +€29,753 | +11.9% |
| Stocks | 30/36 | €250,233 | €279,986 | +€29,753 | +11.9% |
| Amounts receivable within one year | 40/41 | €4,976 | €2,401 | -€2,575 | -51.7% |
| Other amounts receivable | 41 | €4,976 | €2,401 | -€2,575 | -51.7% |
| Cash at bank and in hand | 54/58 | €83,186 | €50,405 | -€32,781 | -39.4% |
| Total equity and liabilities | 10/49 | €1,267,289 | €1,306,606 | +€39,317 | +3.1% |
| Equity | 10/15 | €571,971 | €582,550 | +€10,579 | +1.8% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €344,132 | €354,711 | +€10,579 | +3.1% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Other | 1319 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €331,737 | €342,316 | +€10,579 | +3.2% |
| Profit (loss) carried forward | 14 | €103,839 | €103,839 | = | 0.0% |
| Amounts payable | 17/49 | €695,318 | €724,056 | +€28,738 | +4.1% |
| Amounts payable after more than one year | 17 | €479,364 | €462,463 | -€16,901 | -3.5% |
| Financial debts | 170/4 | €479,364 | €462,463 | -€16,901 | -3.5% |
| Amounts payable within one year | 42/48 | €215,954 | €260,438 | +€44,484 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €86,824 | €86,376 | -€448 | -0.5% |
| Financial debts | 43 | €10,130 | €16,679 | +€6,549 | +64.6% |
| Credit institutions | 430/8 | €10,130 | €16,679 | +€6,549 | +64.6% |
| Trade debts | 44 | €98,137 | €97,485 | -€652 | -0.7% |
| Suppliers | 440/4 | €98,137 | €97,485 | -€652 | -0.7% |
| Taxes, remuneration and social security | 45 | €20,863 | €59,898 | +€39,035 | +187% |
| Taxes | 450/3 | - | €38,251 | +€38,251 | |
| Remuneration and social security | 454/9 | €20,863 | €21,647 | +€784 | +3.8% |
| Accrued charges and deferred income | 492/3 | - | €1,155 | +€1,155 | |
| Remuneration, social security and pensions | 62 | €155,074 | €172,495 | +€17,421 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,045 | €67,483 | -€9,562 | -12.4% |
| Other operating charges | 640/8 | €12,545 | €12,924 | +€379 | +3.0% |
| Gross operating margin | 9900 | €326,514 | €350,476 | +€23,962 | +7.3% |
| Operating profit (loss) | 9901 | €81,850 | €97,574 | +€15,724 | +19.2% |
| Financial income | 75/76B | €21,242 | €38,713 | +€17,471 | +82.2% |
| Recurring financial income | 75 | €21,242 | €38,713 | +€17,471 | +82.2% |
| Financial charges | 65/66B | €14,209 | €12,112 | -€2,097 | -14.8% |
| Recurring financial charges | 65 | €14,209 | €12,112 | -€2,097 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €88,883 | €124,175 | +€35,292 | +39.7% |
| Income taxes | 67/77 | €29,955 | €38,596 | +€8,641 | +28.8% |
| Profit (loss) for the period | 9904 | €58,928 | €85,579 | +€26,651 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,928 | €85,579 | +€26,651 | +45.2% |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.