STATI: 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.
STATI
Largest movements
- Cash +€31,511
up €31,511 (+117.3%), from €26,858 to €58,369
mainly Receivables within one year (+€23,847) and Depreciation (+€8,840)
- Receivables within one year -€23,847
down €23,847 (-42.6%), from €56,005 to €32,158
of which Trade receivables: -€26,971
- Stocks and contracts -€8,687
down €8,687 (-32.6%), from €26,609 to €17,922
- Tangible fixed assets -€2,841
down €2,841 (-24.2%), from €11,736 to €8,895
of which Furniture and vehicles: -€4,441
- Profit (loss) carried forward +€8,330
up €8,330 (+9.6%), from €86,774 to €95,104
- Current portion of long-term debt -€7,290
down €7,290 (-92.1%), from €7,915 to €625
- Trade debts -€2,389
down €2,389 (-32.8%), from €7,294 to €4,905
- Other debts -€1,890
no longer reported in 2025 (was €1,890)
- Gross operating margin +€7,132
up €7,132 (+31.1%), from €22,965 to €30,097
- Depreciation +€3,232
up €3,232 (+57.6%), from €5,608 to €8,840
- Other operating charges -€1,713
down €1,713 (-67.9%), from €2,521 to €808
- Financial income +€1,201
new in 2025: €1,201
- Taxes +€919
up €919 (+7.7%), from €12,006 to €12,924
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 | €124,958 | €121,094 | -€3,864 | -3.1% |
| Fixed assets | 21/28 | €15,486 | €12,645 | -€2,841 | -18.3% |
| Tangible fixed assets | 22/27 | €11,736 | €8,895 | -€2,841 | -24.2% |
| Plant, machinery and equipment | 23 | - | €1,600 | +€1,600 | |
| Furniture and vehicles | 24 | €11,736 | €7,295 | -€4,441 | -37.8% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €109,471 | €108,448 | -€1,023 | -0.9% |
| Stocks and contracts in progress | 3 | €26,609 | €17,922 | -€8,687 | -32.6% |
| Stocks | 30/36 | €26,609 | €17,922 | -€8,687 | -32.6% |
| Amounts receivable within one year | 40/41 | €56,005 | €32,158 | -€23,847 | -42.6% |
| Trade receivables | 40 | €41,066 | €14,095 | -€26,971 | -65.7% |
| Other amounts receivable | 41 | €14,939 | €18,063 | +€3,124 | +20.9% |
| Cash at bank and in hand | 54/58 | €26,858 | €58,369 | +€31,511 | +117.3% |
| Total equity and liabilities | 10/49 | €124,958 | €121,094 | -€3,864 | -3.1% |
| Equity | 10/15 | €107,234 | €115,564 | +€8,330 | +7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,774 | €95,104 | +€8,330 | +9.6% |
| Amounts payable | 17/49 | €17,723 | €5,529 | -€12,194 | -68.8% |
| Amounts payable after more than one year | 17 | €625 | - | -€625 | |
| Financial debts | 170/4 | €625 | - | -€625 | |
| Amounts payable within one year | 42/48 | €17,099 | €5,529 | -€11,569 | -67.7% |
| Current portion of amounts payable after more than one year | 42 | €7,915 | €625 | -€7,290 | -92.1% |
| Trade debts | 44 | €7,294 | €4,905 | -€2,389 | -32.8% |
| Suppliers | 440/4 | €7,294 | €4,905 | -€2,389 | -32.8% |
| Other amounts payable | 47/48 | €1,890 | - | -€1,890 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,608 | €8,840 | +€3,232 | +57.6% |
| Other operating charges | 640/8 | €2,521 | €808 | -€1,713 | -67.9% |
| Gross operating margin | 9900 | €22,965 | €30,097 | +€7,132 | +31.1% |
| Operating profit (loss) | 9901 | €14,836 | €20,449 | +€5,614 | +37.8% |
| Financial income | 75/76B | - | €1,201 | +€1,201 | |
| Recurring financial income | 75 | - | €1,201 | +€1,201 | |
| Financial charges | 65/66B | €466 | €396 | -€70 | -15.0% |
| Recurring financial charges | 65 | €466 | €396 | -€70 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €14,370 | €21,254 | +€6,884 | +47.9% |
| Income taxes | 67/77 | €12,006 | €12,924 | +€919 | +7.7% |
| Profit (loss) for the period | 9904 | €2,364 | €8,330 | +€5,966 | +252.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,364 | €8,330 | +€5,966 | +252.3% |
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 29 September 2026 via checked.be.