STASSEN MANAGEMENT: 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.
STASSEN MANAGEMENT
Largest movements
- Cash +€63,219
up €63,219 (+316%), from €19,980 to €83,198
mainly Net result for the year (+€41,163) and Tax, wage and social debts (+€16,193)
- Tangible fixed assets -€8,281
down €8,281 (-26.7%), from €31,046 to €22,765
- Reserves +€41,100
up €41,100 (+7,339%), from €560 to €41,660
- Tax, wage and social debts +€16,193
up €16,193 (+187%), from €8,671 to €24,865
- Debts after one year -€7,099
down €7,099 (-45.1%), from €15,739 to €8,640
- Trade debts +€5,857
up €5,857 (+185%), from €3,160 to €9,017
- Accrued charges and deferred income -€2,200
down €2,200 (-55.7%), from €3,950 to €1,750
- Gross operating margin +€55,661
up €55,661 (+366%), from €15,191 to €70,852
- Taxes +€15,721
up €15,721 (+925%), from €1,700 to €17,420
- Financial charges +€1,069
up €1,069 (+71.9%), from €1,487 to €2,556
- Other operating charges -€936
down €936 (-55.4%), from €1,692 to €755
- Depreciation -€789
down €789 (-8.1%), from €9,747 to €8,958
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 | €51,026 | €105,963 | +€54,938 | +108% |
| Fixed assets | 21/28 | €31,046 | €22,765 | -€8,281 | -26.7% |
| Tangible fixed assets | 22/27 | €31,046 | €22,765 | -€8,281 | -26.7% |
| Furniture and vehicles | 24 | €31,046 | €22,765 | -€8,281 | -26.7% |
| Current assets | 29/58 | €19,980 | €83,198 | +€63,219 | +316% |
| Cash at bank and in hand | 54/58 | €19,980 | €83,198 | +€63,219 | +316% |
| Total equity and liabilities | 10/49 | €51,026 | €105,963 | +€54,938 | +108% |
| Equity | 10/15 | €3,566 | €44,729 | +€41,163 | +1,154% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €560 | €41,660 | +€41,100 | +7,339% |
| Distributable reserves | 133 | €560 | €41,660 | +€41,100 | +7,339% |
| Profit (loss) carried forward | 14 | €6 | €69 | +€63 | +1,001% |
| Amounts payable | 17/49 | €47,459 | €61,234 | +€13,775 | +29.0% |
| Amounts payable after more than one year | 17 | €15,739 | €8,640 | -€7,099 | -45.1% |
| Financial debts | 170/4 | €15,739 | €8,640 | -€7,099 | -45.1% |
| Amounts payable within one year | 42/48 | €27,770 | €50,844 | +€23,073 | +83.1% |
| Current portion of amounts payable after more than one year | 42 | €5,713 | €7,099 | +€1,386 | +24.3% |
| Trade debts | 44 | €3,160 | €9,017 | +€5,857 | +185% |
| Suppliers | 440/4 | €3,160 | €9,017 | +€5,857 | +185% |
| Taxes, remuneration and social security | 45 | €8,671 | €24,865 | +€16,193 | +187% |
| Taxes | 450/3 | €8,671 | €24,865 | +€16,193 | +187% |
| Other amounts payable | 47/48 | €10,226 | €9,864 | -€362 | -3.5% |
| Accrued charges and deferred income | 492/3 | €3,950 | €1,750 | -€2,200 | -55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,747 | €8,958 | -€789 | -8.1% |
| Other operating charges | 640/8 | €1,692 | €755 | -€936 | -55.4% |
| Gross operating margin | 9900 | €15,191 | €70,852 | +€55,661 | +366% |
| Operating profit (loss) | 9901 | €3,752 | €61,139 | +€57,387 | +1,529% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,487 | €2,556 | +€1,069 | +71.9% |
| Recurring financial charges | 65 | €1,487 | €2,556 | +€1,069 | +71.9% |
| Profit (loss) for the period before taxes | 9903 | €2,266 | €58,583 | +€56,317 | +2,486% |
| Income taxes | 67/77 | €1,700 | €17,420 | +€15,721 | +925% |
| Profit (loss) for the period | 9904 | €566 | €41,163 | +€40,597 | +7,169% |
| Profit (loss) for the period to be appropriated | 9905 | €566 | €41,163 | +€40,597 | +7,169% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.