STATION GROWTH: 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.
STATION GROWTH
Largest movements
- Cash -€122,883
down €122,883 (-29.0%), from €423,546 to €300,664
mainly Net result for the year (-€144,249) and Tax, wage and social debts (-€5,214)
- Tangible fixed assets -€13,896
down €13,896 (-91.8%), from €15,141 to €1,245
- Receivables within one year -€11,240
down €11,240 (-52.7%), from €21,314 to €10,074
of which Other amounts receivable: -€12,240
- Profit (loss) carried forward -€144,249
down €144,249 (-32.8%), from €439,399 to €295,150
- Tax, wage and social debts -€5,214
down €5,214 (-83.0%), from €6,280 to €1,066
of which Taxes: -€4,536
- Gross operating margin -€555,350
down €555,350, from €422,928 to -€132,422
- Taxes -€99,456
down €99,456 (-99.5%), from €99,954 to €498
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 | €474,767 | €326,615 | -€148,152 | -31.2% |
| Fixed assets | 21/28 | €26,166 | €12,270 | -€13,896 | -53.1% |
| Tangible fixed assets | 22/27 | €15,141 | €1,245 | -€13,896 | -91.8% |
| Furniture and vehicles | 24 | €15,141 | €1,245 | -€13,896 | -91.8% |
| Financial fixed assets | 28 | €11,025 | €11,025 | = | 0.0% |
| Current assets | 29/58 | €448,601 | €314,346 | -€134,255 | -29.9% |
| Amounts receivable within one year | 40/41 | €21,314 | €10,074 | -€11,240 | -52.7% |
| Trade receivables | 40 | €0 | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | €21,314 | €9,074 | -€12,240 | -57.4% |
| Cash at bank and in hand | 54/58 | €423,546 | €300,664 | -€122,883 | -29.0% |
| Deferred charges and accrued income | 490/1 | €3,740 | €3,608 | -€133 | -3.5% |
| Total equity and liabilities | 10/49 | €474,767 | €326,615 | -€148,152 | -31.2% |
| Equity | 10/15 | €458,932 | €314,683 | -€144,249 | -31.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €933 | €933 | = | 0.0% |
| Distributable reserves | 133 | €933 | €933 | = | 0.0% |
| Profit (loss) carried forward | 14 | €439,399 | €295,150 | -€144,249 | -32.8% |
| Amounts payable | 17/49 | €15,835 | €11,932 | -€3,903 | -24.6% |
| Amounts payable within one year | 42/48 | €7,157 | €2,878 | -€4,279 | -59.8% |
| Trade debts | 44 | €877 | €1,812 | +€935 | +107% |
| Suppliers | 440/4 | €877 | €1,812 | +€935 | +107% |
| Taxes, remuneration and social security | 45 | €6,280 | €1,066 | -€5,214 | -83.0% |
| Taxes | 450/3 | €5,034 | €498 | -€4,536 | -90.1% |
| Remuneration and social security | 454/9 | €1,246 | €568 | -€678 | -54.4% |
| Accrued charges and deferred income | 492/3 | €8,678 | €9,054 | +€376 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,656 | €13,896 | -€760 | -5.2% |
| Other operating charges | 640/8 | €1,263 | €1,356 | +€93 | +7.4% |
| Gross operating margin | 9900 | €422,928 | -€132,422 | -€555,350 | |
| Operating profit (loss) | 9901 | €407,009 | -€147,674 | -€554,683 | |
| Financial income | 75/76B | €7,244 | €4,036 | -€3,208 | -44.3% |
| Recurring financial income | 75 | €7,244 | €4,036 | -€3,208 | -44.3% |
| Financial charges | 65/66B | €54 | €113 | +€59 | +109% |
| Recurring financial charges | 65 | €54 | €113 | +€59 | +109% |
| Profit (loss) for the period before taxes | 9903 | €414,199 | -€143,751 | -€557,950 | |
| Income taxes | 67/77 | €99,954 | €498 | -€99,456 | -99.5% |
| Profit (loss) for the period | 9904 | €314,245 | -€144,249 | -€458,494 | |
| Profit (loss) for the period to be appropriated | 9905 | €314,245 | -€144,249 | -€458,494 |
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 29 October 2026 via checked.be.