STASSIJNS: 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.
STASSIJNS
Largest movements
- Receivables within one year -€78,027
down €78,027 (-25.4%), from €306,694 to €228,666
of which Trade receivables: -€73,775
- Stocks and contracts -€74,252
down €74,252 (-32.4%), from €229,326 to €155,074
- Tangible fixed assets -€50,343
down €50,343 (-16.2%), from €310,351 to €260,008
of which Plant, machinery and equipment: -€47,118
- Cash +€35,692
up €35,692 (+62.7%), from €56,948 to €92,640
mainly Receivables within one year (+€78,027) and Stocks and contracts (+€74,252)
- Deferred charges and accrued income -€14,816
down €14,816 (-44.4%), from €33,374 to €18,558
- Trade debts -€71,706
down €71,706 (-65.6%), from €109,383 to €37,677
- Other debts -€54,889
down €54,889 (-43.4%), from €126,380 to €71,490
- Debts after one year -€34,296
down €34,296 (-42.9%), from €79,946 to €45,650
- Staff costs -€85,664
down €85,664 (-38.5%), from €222,318 to €136,655
- Gross operating margin -€19,087
down €19,087 (-9.0%), from €211,973 to €192,886
- Depreciation +€18,085
up €18,085 (+45.1%), from €40,141 to €58,226
- Financial income -€7,959
down €7,959 (-81.2%), from €9,798 to €1,839
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 | €936,994 | €755,247 | -€181,747 | -19.4% |
| Fixed assets | 21/28 | €310,651 | €260,308 | -€50,343 | -16.2% |
| Tangible fixed assets | 22/27 | €310,351 | €260,008 | -€50,343 | -16.2% |
| Land and buildings | 22 | €10,958 | €12,597 | +€1,639 | +15.0% |
| Plant, machinery and equipment | 23 | €280,684 | €233,566 | -€47,118 | -16.8% |
| Furniture and vehicles | 24 | €18,709 | €13,845 | -€4,863 | -26.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €626,342 | €494,939 | -€131,404 | -21.0% |
| Stocks and contracts in progress | 3 | €229,326 | €155,074 | -€74,252 | -32.4% |
| Stocks | 30/36 | €229,326 | €155,074 | -€74,252 | -32.4% |
| Amounts receivable within one year | 40/41 | €306,694 | €228,666 | -€78,027 | -25.4% |
| Trade receivables | 40 | €247,342 | €173,567 | -€73,775 | -29.8% |
| Other amounts receivable | 41 | €59,352 | €55,099 | -€4,252 | -7.2% |
| Cash at bank and in hand | 54/58 | €56,948 | €92,640 | +€35,692 | +62.7% |
| Deferred charges and accrued income | 490/1 | €33,374 | €18,558 | -€14,816 | -44.4% |
| Total equity and liabilities | 10/49 | €936,994 | €755,247 | -€181,747 | -19.4% |
| Equity | 10/15 | €547,048 | €540,510 | -€6,539 | -1.2% |
| Contributions | 10/11 | €487,936 | €487,936 | = | 0.0% |
| Reserves | 13 | €108,673 | €108,673 | = | 0.0% |
| Distributable reserves | 133 | €108,673 | €108,673 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,561 | -€56,100 | -€6,539 | -13.2% |
| Amounts payable | 17/49 | €389,945 | €214,737 | -€175,208 | -44.9% |
| Amounts payable after more than one year | 17 | €79,946 | €45,650 | -€34,296 | -42.9% |
| Financial debts | 170/4 | €79,946 | €45,650 | -€34,296 | -42.9% |
| Amounts payable within one year | 42/48 | €302,362 | €167,062 | -€135,300 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €15,073 | €15,586 | +€513 | +3.4% |
| Financial debts | 43 | €25,298 | €18,710 | -€6,588 | -26.0% |
| Credit institutions | 430/8 | €25,298 | €18,710 | -€6,588 | -26.0% |
| Trade debts | 44 | €109,383 | €37,677 | -€71,706 | -65.6% |
| Suppliers | 440/4 | €109,383 | €37,677 | -€71,706 | -65.6% |
| Taxes, remuneration and social security | 45 | €26,228 | €23,598 | -€2,630 | -10.0% |
| Taxes | 450/3 | €6,312 | €9,546 | +€3,235 | +51.3% |
| Remuneration and social security | 454/9 | €19,916 | €14,052 | -€5,864 | -29.4% |
| Other amounts payable | 47/48 | €126,380 | €71,490 | -€54,889 | -43.4% |
| Accrued charges and deferred income | 492/3 | €7,637 | €2,025 | -€5,612 | -73.5% |
| Non-recurring operating income | 76A | €20,368 | €11,738 | -€8,630 | -42.4% |
| Remuneration, social security and pensions | 62 | €222,318 | €136,655 | -€85,664 | -38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,141 | €58,226 | +€18,085 | +45.1% |
| Other operating charges | 640/8 | €2,761 | €2,209 | -€552 | -20.0% |
| Non-recurring operating charges | 66A | €2,505 | €0 | -€2,505 | -100% |
| Gross operating margin | 9900 | €211,973 | €192,886 | -€19,087 | -9.0% |
| Operating profit (loss) | 9901 | -€55,752 | -€4,204 | +€51,548 | +92.5% |
| Financial income | 75/76B | €9,798 | €1,839 | -€7,959 | -81.2% |
| Recurring financial income | 75 | €9,798 | €1,839 | -€7,959 | -81.2% |
| Financial charges | 65/66B | €2,043 | €2,931 | +€888 | +43.5% |
| Recurring financial charges | 65 | €2,043 | €2,931 | +€888 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | -€47,997 | -€5,296 | +€42,701 | +89.0% |
| Income taxes | 67/77 | €1,564 | €1,243 | -€321 | -20.5% |
| Profit (loss) for the period | 9904 | -€49,561 | -€6,539 | +€43,022 | +86.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,561 | -€6,539 | +€43,022 | +86.8% |
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 27 October 2026 via checked.be.