STASSARO: 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.
STASSARO
Largest movements
- Tangible fixed assets -€24,200
down €24,200 (-2.8%), from €872,313 to €848,113
- Other debts -€63,007
down €63,007 (-37.2%), from €169,529 to €106,522
- Short-term financial debts +€60,000
new in 2025: €60,000
- Debts after one year -€12,970
down €12,970 (-7.7%), from €167,487 to €154,517
of which Financial debts: -€12,970
- Financial charges -€5,694
down €5,694 (-23.8%), from €23,895 to €18,201
- Gross operating margin -€3,484
down €3,484 (-6.7%), from €52,176 to €48,692
- Other operating charges -€994
down €994 (-8.8%), from €11,256 to €10,262
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 | €901,279 | €873,789 | -€27,490 | -3.1% |
| Fixed assets | 21/28 | €872,313 | €848,113 | -€24,200 | -2.8% |
| Tangible fixed assets | 22/27 | €872,313 | €848,113 | -€24,200 | -2.8% |
| Land and buildings | 22 | €872,313 | €848,113 | -€24,200 | -2.8% |
| Current assets | 29/58 | €28,966 | €25,676 | -€3,291 | -11.4% |
| Amounts receivable within one year | 40/41 | €9,947 | €5,827 | -€4,120 | -41.4% |
| Trade receivables | 40 | €9,947 | €5,827 | -€4,120 | -41.4% |
| Cash at bank and in hand | 54/58 | €19,019 | €17,185 | -€1,835 | -9.6% |
| Deferred charges and accrued income | 490/1 | - | €2,664 | +€2,664 | |
| Total equity and liabilities | 10/49 | €901,279 | €873,789 | -€27,490 | -3.1% |
| Equity | 10/15 | €526,503 | €522,532 | -€3,971 | -0.8% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Revaluation surpluses | 12 | €188,615 | €188,615 | = | 0.0% |
| Reserves | 13 | €181,027 | €181,027 | = | 0.0% |
| Distributable reserves | 133 | €181,027 | €181,027 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,861 | €42,890 | -€3,971 | -8.5% |
| Amounts payable | 17/49 | €374,776 | €351,257 | -€23,519 | -6.3% |
| Amounts payable after more than one year | 17 | €167,487 | €154,517 | -€12,970 | -7.7% |
| Financial debts | 170/4 | €162,066 | €149,096 | -€12,970 | -8.0% |
| Other amounts payable | 178/9 | €5,421 | €5,421 | = | 0.0% |
| Amounts payable within one year | 42/48 | €192,364 | €185,352 | -€7,012 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €12,446 | €12,970 | +€524 | +4.2% |
| Financial debts | 43 | - | €60,000 | +€60,000 | |
| Credit institutions | 430/8 | - | €60,000 | +€60,000 | |
| Trade debts | 44 | €10,389 | €5,860 | -€4,529 | -43.6% |
| Suppliers | 440/4 | €10,389 | €5,860 | -€4,529 | -43.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €169,529 | €106,522 | -€63,007 | -37.2% |
| Accrued charges and deferred income | 492/3 | €14,926 | €11,389 | -€3,537 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,200 | €24,200 | = | 0.0% |
| Other operating charges | 640/8 | €11,256 | €10,262 | -€994 | -8.8% |
| Gross operating margin | 9900 | €52,176 | €48,692 | -€3,484 | -6.7% |
| Operating profit (loss) | 9901 | €16,720 | €14,230 | -€2,490 | -14.9% |
| Financial charges | 65/66B | €23,895 | €18,201 | -€5,694 | -23.8% |
| Recurring financial charges | 65 | €23,895 | €18,201 | -€5,694 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,175 | -€3,971 | +€3,204 | +44.7% |
| Profit (loss) for the period | 9904 | -€7,175 | -€3,971 | +€3,204 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,175 | -€3,971 | +€3,204 | +44.7% |
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 6 October 2026 via checked.be.