STAUR: 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.
STAUR
Largest movements
- Intangible fixed assets +€261,250
new in 2025: €261,250
- Tangible fixed assets -€171,306
down €171,306 (-15.3%), from €1.1m to €951,875
- Receivables within one year -€147,471
down €147,471 (-41.1%), from €359,001 to €211,530
of which Trade receivables: -€155,713
- Cash +€55,231
up €55,231 (+299.2%), from €18,460 to €73,691
mainly Receivables within one year (+€147,471) and Other debts (+€68,409)
- Financial fixed assets -€27,500
down €27,500 (-100.0%), from €27,500 to €0
- Other debts +€68,409
up €68,409 (+68.6%), from €99,726 to €168,135
- Debts after one year -€55,774
down €55,774 (-6.1%), from €915,919 to €860,145
- Tax, wage and social debts -€40,529
down €40,529 (-46.2%), from €87,788 to €47,259
of which Taxes: -€31,390
- Gross operating margin -€51,748
down €51,748 (-25.1%), from €206,478 to €154,730
- Taxes -€26,349
down €26,349 (-64.7%), from €40,695 to €14,345
- Depreciation +€11,607
up €11,607 (+37.5%), from €30,912 to €42,519
- Financial charges +€5,317
up €5,317 (+17.3%), from €30,737 to €36,055
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 | €1,528,315 | €1,498,346 | -€29,969 | -2.0% |
| Fixed assets | 21/28 | €1,150,681 | €1,213,125 | +€62,444 | +5.4% |
| Intangible fixed assets | 21 | - | €261,250 | +€261,250 | |
| Tangible fixed assets | 22/27 | €1,123,181 | €951,875 | -€171,306 | -15.3% |
| Land and buildings | 22 | €1,123,181 | €951,875 | -€171,306 | -15.3% |
| Financial fixed assets | 28 | €27,500 | €0 | -€27,500 | -100.0% |
| Current assets | 29/58 | €377,634 | €285,221 | -€92,413 | -24.5% |
| Amounts receivable within one year | 40/41 | €359,001 | €211,530 | -€147,471 | -41.1% |
| Trade receivables | 40 | €358,993 | €203,280 | -€155,713 | -43.4% |
| Other amounts receivable | 41 | €8 | €8,250 | +€8,242 | +105533.8% |
| Cash at bank and in hand | 54/58 | €18,460 | €73,691 | +€55,231 | +299.2% |
| Deferred charges and accrued income | 490/1 | €173 | €0 | -€173 | -100.0% |
| Total equity and liabilities | 10/49 | €1,528,315 | €1,498,346 | -€29,969 | -2.0% |
| Equity | 10/15 | €361,864 | €361,864 | = | 0.0% |
| Reserves | 13 | €336,094 | €336,094 | = | 0.0% |
| Distributable reserves | 133 | €336,094 | €336,094 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,770 | €25,770 | = | 0.0% |
| Amounts payable | 17/49 | €1,166,451 | €1,136,482 | -€29,969 | -2.6% |
| Amounts payable after more than one year | 17 | €915,919 | €860,145 | -€55,774 | -6.1% |
| Financial debts | 170/4 | €915,919 | €860,145 | -€55,774 | -6.1% |
| Amounts payable within one year | 42/48 | €250,532 | €276,337 | +€25,805 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €54,295 | €55,774 | +€1,479 | +2.7% |
| Trade debts | 44 | €8,724 | €5,170 | -€3,554 | -40.7% |
| Suppliers | 440/4 | €8,724 | €5,170 | -€3,554 | -40.7% |
| Taxes, remuneration and social security | 45 | €87,788 | €47,259 | -€40,529 | -46.2% |
| Taxes | 450/3 | €78,649 | €47,259 | -€31,390 | -39.9% |
| Remuneration and social security | 454/9 | €9,139 | €0 | -€9,139 | -100.0% |
| Other amounts payable | 47/48 | €99,726 | €168,135 | +€68,409 | +68.6% |
| Non-recurring operating income | 76A | - | €903 | +€903 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,912 | €42,519 | +€11,607 | +37.5% |
| Other operating charges | 640/8 | €3,082 | €4,700 | +€1,618 | +52.5% |
| Gross operating margin | 9900 | €206,478 | €154,730 | -€51,748 | -25.1% |
| Operating profit (loss) | 9901 | €172,485 | €107,511 | -€64,973 | -37.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €30,737 | €36,055 | +€5,317 | +17.3% |
| Recurring financial charges | 65 | €30,737 | €36,055 | +€5,317 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €141,748 | €71,457 | -€70,291 | -49.6% |
| Income taxes | 67/77 | €40,695 | €14,345 | -€26,349 | -64.7% |
| Profit (loss) for the period | 9904 | €101,053 | €57,111 | -€43,942 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €101,053 | €57,111 | -€43,942 | -43.5% |
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 28 September 2026 via checked.be.