STATIONS ONE: 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.
STATIONS ONE
Largest movements
- Cash +€198,698
up €198,698 (+309.4%), from €64,214 to €262,912
mainly Net result for the year (+€134,071) and Current investments (+€110,000)
- Current investments -€110,000
down €110,000 (-22.4%), from €490,000 to €380,000
- Tangible fixed assets +€42,384
up €42,384 (+9.8%), from €432,520 to €474,904
of which Land and buildings: +€46,334
- Profit (loss) carried forward +€134,071
up €134,071 (+19.9%), from €673,011 to €807,082
- Gross operating margin +€7,730
up €7,730 (+3.6%), from €215,520 to €223,250
- Depreciation -€2,576
down €2,576 (-4.6%), from €56,550 to €53,974
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 | €1,011,511 | €1,142,773 | +€131,262 | +13.0% |
| Fixed assets | 21/28 | €432,520 | €474,904 | +€42,384 | +9.8% |
| Tangible fixed assets | 22/27 | €432,520 | €474,904 | +€42,384 | +9.8% |
| Land and buildings | 22 | €419,893 | €466,227 | +€46,334 | +11.0% |
| Furniture and vehicles | 24 | €12,627 | €8,677 | -€3,950 | -31.3% |
| Current assets | 29/58 | €578,991 | €667,869 | +€88,878 | +15.4% |
| Stocks and contracts in progress | 3 | €2,873 | - | -€2,873 | |
| Stocks | 30/36 | €2,873 | - | -€2,873 | |
| Amounts receivable within one year | 40/41 | €18,107 | €20,902 | +€2,795 | +15.4% |
| Other amounts receivable | 41 | €18,107 | €20,902 | +€2,795 | +15.4% |
| Current investments | 50/53 | €490,000 | €380,000 | -€110,000 | -22.4% |
| Cash at bank and in hand | 54/58 | €64,214 | €262,912 | +€198,698 | +309.4% |
| Deferred charges and accrued income | 490/1 | €3,798 | €4,056 | +€258 | +6.8% |
| Total equity and liabilities | 10/49 | €1,011,511 | €1,142,773 | +€131,262 | +13.0% |
| Equity | 10/15 | €957,471 | €1,091,542 | +€134,071 | +14.0% |
| Contributions | 10/11 | €284,460 | €284,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €673,011 | €807,082 | +€134,071 | +19.9% |
| Amounts payable | 17/49 | €54,041 | €51,231 | -€2,809 | -5.2% |
| Amounts payable within one year | 42/48 | €4,636 | €487 | -€4,149 | -89.5% |
| Trade debts | 44 | €421 | €400 | -€21 | -5.1% |
| Suppliers | 440/4 | €421 | €400 | -€21 | -5.1% |
| Other amounts payable | 47/48 | €4,215 | €87 | -€4,128 | -97.9% |
| Accrued charges and deferred income | 492/3 | €49,405 | €50,745 | +€1,340 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,550 | €53,974 | -€2,576 | -4.6% |
| Other operating charges | 640/8 | €994 | €1,612 | +€618 | +62.1% |
| Gross operating margin | 9900 | €215,520 | €223,250 | +€7,730 | +3.6% |
| Operating profit (loss) | 9901 | €157,975 | €167,664 | +€9,689 | +6.1% |
| Financial income | 75/76B | €13,989 | €12,321 | -€1,668 | -11.9% |
| Recurring financial income | 75 | €13,989 | €12,321 | -€1,668 | -11.9% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €171,919 | €179,939 | +€8,020 | +4.7% |
| Income taxes | 67/77 | €44,975 | €45,868 | +€893 | +2.0% |
| Profit (loss) for the period | 9904 | €126,944 | €134,071 | +€7,128 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €126,944 | €134,071 | +€7,128 | +5.6% |
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 2 October 2026 via checked.be.