STATECH: what changed
What changed
STATECH
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€186,585
2024 · €241,124-€54,539
Equity
€1.1m
2024 · €952,454+€126,585
Cash
€495,206
2024 · €694,974-€199,768
Balance sheet total
€1.5m
2024 · €1.9m-€350,454
Largest movements
Assets
- Cash -€199,768
down €199,768 (-28.7%), from €694,974 to €495,206
mainly Trade debts (-€304,076) and Other debts (-€240,000)
- Receivables within one year -€143,282
down €143,282 (-28.6%), from €501,748 to €358,466
of which Trade receivables: -€93,070
- Stocks and contracts +€36,020
up €36,020 (+42.8%), from €84,153 to €120,174
- Deferred charges and accrued income -€30,177
down €30,177 (-73.5%), from €41,073 to €10,895
Equity and liabilities
- Trade debts -€304,076
down €304,076 (-56.7%), from €536,007 to €231,931
- Other debts -€240,000
down €240,000 (-80.0%), from €300,000 to €60,000
- Reserves +€126,585
up €126,585 (+16.7%), from €756,454 to €883,039
of which Distributable reserves: +€129,704
- Tax, wage and social debts +€77,940
up €77,940 (+187%), from €41,731 to €119,671
of which Taxes: +€69,409
Income statement
- Gross operating margin -€95,682
down €95,682 (-23.0%), from €415,483 to €319,801
- Staff costs -€29,798
down €29,798 (-21.7%), from €137,556 to €107,758
- Write-downs -€13,751
down €13,751 (-100%), from €13,751 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€241,124
Gross operating margin
-€95,682
Staff costs
+€29,798
Depreciation
+€313
Write-downs
+€13,751
Other operating charges
-€107
Financial income
-€1,259
Financial charges
+€401
Taxes
-€1,643
Deferred taxes and other
-€111
Result 2025
€186,585
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€129,905
Investment
€0
Financing
-€69,864
Cash 2024
€694,974
From operations (derived)
-€129,905
Net result for the year
+€186,585
Depreciation
+€13,247
Stocks and contracts
-€36,020
Receivables within one year
+€143,282
Deferred charges and accrued income
+€30,177
Provisions
-€1,039
Trade debts
-€304,076
Tax, wage and social debts
+€77,940
Other debts
-€240,000
Financing
-€69,864
Debts after one year
-€5,118
Current portion of long-term debt
-€4,745
Contributions, distributions and other
-€60,000
Cash 2025
€495,206
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,852,880 | €1,502,426 | -€350,454 | -18.9% |
| Fixed assets | 21/28 | €30,932 | €17,684 | -€13,247 | -42.8% |
| Tangible fixed assets | 22/27 | €30,932 | €17,684 | -€13,247 | -42.8% |
| Plant, machinery and equipment | 23 | €1,938 | €1,293 | -€646 | -33.3% |
| Furniture and vehicles | 24 | €28,993 | €16,392 | -€12,602 | -43.5% |
| Current assets | 29/58 | €1,821,948 | €1,484,742 | -€337,207 | -18.5% |
| Amounts receivable after more than one year | 29 | €500,000 | €500,000 | = | 0.0% |
| Other amounts receivable | 291 | €500,000 | €500,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €84,153 | €120,174 | +€36,020 | +42.8% |
| Stocks | 30/36 | €84,153 | €120,174 | +€36,020 | +42.8% |
| Amounts receivable within one year | 40/41 | €501,748 | €358,466 | -€143,282 | -28.6% |
| Trade receivables | 40 | €448,649 | €355,579 | -€93,070 | -20.7% |
| Other amounts receivable | 41 | €53,099 | €2,888 | -€50,212 | -94.6% |
| Cash at bank and in hand | 54/58 | €694,974 | €495,206 | -€199,768 | -28.7% |
| Deferred charges and accrued income | 490/1 | €41,073 | €10,895 | -€30,177 | -73.5% |
| Total equity and liabilities | 10/49 | €1,852,880 | €1,502,426 | -€350,454 | -18.9% |
| Equity | 10/15 | €952,454 | €1,079,039 | +€126,585 | +13.3% |
| Contributions | 10/11 | €196,000 | €196,000 | = | 0.0% |
| Reserves | 13 | €756,454 | €883,039 | +€126,585 | +16.7% |
| Tax-exempt reserves | 132 | €3,118 | €0 | -€3,118 | -100% |
| Distributable reserves | 133 | €753,336 | €883,039 | +€129,704 | +17.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €1,039 | €0 | -€1,039 | -100% |
| Deferred taxes | 168 | €1,039 | €0 | -€1,039 | -100% |
| Amounts payable | 17/49 | €899,386 | €423,386 | -€476,000 | -52.9% |
| Amounts payable after more than one year | 17 | €5,118 | €0 | -€5,118 | -100% |
| Financial debts | 170/4 | €5,118 | €0 | -€5,118 | -100% |
| Amounts payable within one year | 42/48 | €894,268 | €423,386 | -€470,881 | -52.7% |
| Current portion of amounts payable after more than one year | 42 | €16,530 | €11,785 | -€4,745 | -28.7% |
| Trade debts | 44 | €536,007 | €231,931 | -€304,076 | -56.7% |
| Suppliers | 440/4 | €536,007 | €231,931 | -€304,076 | -56.7% |
| Taxes, remuneration and social security | 45 | €41,731 | €119,671 | +€77,940 | +187% |
| Taxes | 450/3 | €26,278 | €95,687 | +€69,409 | +264% |
| Remuneration and social security | 454/9 | €15,453 | €23,984 | +€8,531 | +55.2% |
| Other amounts payable | 47/48 | €300,000 | €60,000 | -€240,000 | -80.0% |
| Remuneration, social security and pensions | 62 | €137,556 | €107,758 | -€29,798 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,560 | €13,247 | -€313 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,751 | €0 | -€13,751 | -100% |
| Other operating charges | 640/8 | €2,019 | €2,127 | +€107 | +5.3% |
| Gross operating margin | 9900 | €415,483 | €319,801 | -€95,682 | -23.0% |
| Operating profit (loss) | 9901 | €248,596 | €196,669 | -€51,928 | -20.9% |
| Financial income | 75/76B | €39,369 | €38,110 | -€1,259 | -3.2% |
| Recurring financial income | 75 | €39,369 | €38,110 | -€1,259 | -3.2% |
| Financial charges | 65/66B | €1,714 | €1,313 | -€401 | -23.4% |
| Recurring financial charges | 65 | €1,714 | €1,313 | -€401 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €286,252 | €233,466 | -€52,786 | -18.4% |
| Transfer from deferred taxes | 780 | €1,150 | €1,039 | -€111 | -9.6% |
| Income taxes | 67/77 | €46,278 | €47,920 | +€1,643 | +3.5% |
| Profit (loss) for the period | 9904 | €241,124 | €186,585 | -€54,539 | -22.6% |
| Transfer from tax-exempt reserves | 789 | €3,450 | €3,118 | -€332 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €244,574 | €189,704 | -€54,871 | -22.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.