Stavelse Management: 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.
What changed
Stavelse Management
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€187,303
2024 · €178,281+€9,022
Equity
€1.3m
2024 · €1.1m+€187,303
Cash
€52,164
2024 · €35,983+€16,180
Balance sheet total
€2.1m
2024 · €2.2m-€37,961
Largest movements
Assets
- Receivables within one year -€33,755
down €33,755 (-64.3%), from €52,510 to €18,755
of which Trade receivables: -€18,755
Equity and liabilities
- Debts after one year -€221,011
down €221,011 (-28.1%), from €787,221 to €566,210
- Reserves +€187,303
up €187,303 (+54.1%), from €346,418 to €533,721
of which Distributable reserves: +€187,303
Income statement
- Gross operating margin +€141,124
up €141,124 (+5,921%), from €2,383 to €143,507
- Financial income -€140,000
down €140,000 (-59.8%), from €234,000 to €94,000
- Financial charges -€8,346
down €8,346 (-24.6%), from €33,887 to €25,540
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.
Result 2024
€178,281
Gross operating margin
+€141,124
Depreciation
-€577
Other operating charges
+€236
Financial income
-€140,000
Financial charges
+€8,346
Taxes
-€107
Result 2025
€187,303
raises the resultlowers the result
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.
From operations
+€239,647
Investment
-€3,123
Financing
-€220,343
Cash 2024
€35,983
From operations (derived)
+€239,647
Net result for the year
+€187,303
Depreciation
+€23,546
Receivables within one year
+€33,755
Smaller working-capital items
-€153
Tax, wage and social debts
-€7,292
Other debts
+€2,488
Investment (derived)
-€3,123
Investment in fixed assets (net)
-€3,123
Financing
-€220,343
Debts after one year
-€221,011
Current portion of long-term debt
+€668
Cash 2025
€52,164
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,153,250 | €2,115,289 | -€37,961 | -1.8% |
| Fixed assets | 21/28 | €2,062,255 | €2,041,832 | -€20,423 | -1.0% |
| Tangible fixed assets | 22/27 | €62,255 | €41,832 | -€20,423 | -32.8% |
| Plant, machinery and equipment | 23 | €2,517 | €1,594 | -€923 | -36.7% |
| Furniture and vehicles | 24 | €59,738 | €40,239 | -€19,499 | -32.6% |
| Financial fixed assets | 28 | €2,000,000 | €2,000,000 | = | 0.0% |
| Current assets | 29/58 | €90,995 | €73,456 | -€17,539 | -19.3% |
| Amounts receivable within one year | 40/41 | €52,510 | €18,755 | -€33,755 | -64.3% |
| Trade receivables | 40 | €37,510 | €18,755 | -€18,755 | -50.0% |
| Other amounts receivable | 41 | €15,000 | €0 | -€15,000 | -100% |
| Cash at bank and in hand | 54/58 | €35,983 | €52,164 | +€16,180 | +45.0% |
| Deferred charges and accrued income | 490/1 | €2,502 | €2,538 | +€36 | +1.4% |
| Total equity and liabilities | 10/49 | €2,153,250 | €2,115,289 | -€37,961 | -1.8% |
| Equity | 10/15 | €1,116,418 | €1,303,721 | +€187,303 | +16.8% |
| Contributions | 10/11 | €770,000 | €770,000 | = | 0.0% |
| Capital | 10 | €770,000 | €770,000 | = | 0.0% |
| Issued capital | 100 | €770,000 | €770,000 | = | 0.0% |
| Reserves | 13 | €346,418 | €533,721 | +€187,303 | +54.1% |
| Non-distributable reserves | 130/1 | €77,000 | €77,000 | = | 0.0% |
| Legal reserve | 130 | €77,000 | €77,000 | = | 0.0% |
| Distributable reserves | 133 | €269,418 | €456,721 | +€187,303 | +69.5% |
| Amounts payable | 17/49 | €1,036,832 | €811,568 | -€225,264 | -21.7% |
| Amounts payable after more than one year | 17 | €787,221 | €566,210 | -€221,011 | -28.1% |
| Financial debts | 170/4 | €787,221 | €566,210 | -€221,011 | -28.1% |
| Amounts payable within one year | 42/48 | €249,236 | €245,195 | -€4,041 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €220,343 | €221,011 | +€668 | +0.3% |
| Trade debts | 44 | €0 | €95 | +€95 | |
| Suppliers | 440/4 | €0 | €95 | +€95 | |
| Taxes, remuneration and social security | 45 | €28,893 | €21,601 | -€7,292 | -25.2% |
| Taxes | 450/3 | €22,014 | €21,601 | -€413 | -1.9% |
| Remuneration and social security | 454/9 | €6,879 | €0 | -€6,879 | -100% |
| Other amounts payable | 47/48 | - | €2,488 | +€2,488 | |
| Accrued charges and deferred income | 492/3 | €375 | €163 | -€212 | -56.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,969 | €23,546 | +€577 | +2.5% |
| Other operating charges | 640/8 | €1,042 | €806 | -€236 | -22.6% |
| Gross operating margin | 9900 | €2,383 | €143,507 | +€141,124 | +5,921% |
| Operating profit (loss) | 9901 | -€21,628 | €119,155 | +€140,783 | |
| Financial income | 75/76B | €234,000 | €94,000 | -€140,000 | -59.8% |
| Recurring financial income | 75 | €234,000 | €94,000 | -€140,000 | -59.8% |
| Financial charges | 65/66B | €33,887 | €25,540 | -€8,346 | -24.6% |
| Recurring financial charges | 65 | €33,887 | €25,540 | -€8,346 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €178,486 | €187,615 | +€9,129 | +5.1% |
| Income taxes | 67/77 | €205 | €312 | +€107 | +52.5% |
| Profit (loss) for the period | 9904 | €178,281 | €187,303 | +€9,022 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €178,281 | €187,303 | +€9,022 | +5.1% |
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 27 October 2026 via checked.be.