STAVIOS: 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.
STAVIOS
Largest movements
- Receivables after one year -€56,148
down €56,148 (-64.5%), from €87,058 to €30,909
- Cash +€53,846
up €53,846 (+36.3%), from €148,539 to €202,384
mainly Net result for the year (+€105,768) and Other debts (+€84,775)
- Stocks and contracts +€16,954
up €16,954 (+8.6%), from €198,067 to €215,021
- Tangible fixed assets -€5,397
down €5,397 (-27.0%), from €19,959 to €14,562
of which Furniture and vehicles: -€3,536
- Reserves -€94,232
down €94,232 (-21.6%), from €436,371 to €342,139
- Other debts +€84,775
up €84,775 (+6749.6%), from €1,256 to €86,031
- Trade debts +€25,111
up €25,111 (+149.0%), from €16,853 to €41,965
- Tax, wage and social debts -€22,151
down €22,151 (-94.0%), from €23,570 to €1,419
- Advances received +€17,705
up €17,705 (+275.8%), from €6,420 to €24,124
- Gross operating margin +€20,416
up €20,416 (+17.5%), from €116,809 to €137,226
- Taxes +€5,096
up €5,096 (+21.7%), from €23,532 to €28,628
- Financial income +€4,008
up €4,008 (+104.2%), from €3,848 to €7,857
- Financial charges +€2,987
up €2,987 (+890.0%), from €336 to €3,323
- Depreciation +€1,483
up €1,483 (+27.7%), from €5,344 to €6,827
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 | €504,525 | €515,678 | +€11,153 | +2.2% |
| Fixed assets | 21/28 | €19,959 | €15,555 | -€4,404 | -22.1% |
| Intangible fixed assets | 21 | - | €993 | +€993 | |
| Tangible fixed assets | 22/27 | €19,959 | €14,562 | -€5,397 | -27.0% |
| Plant, machinery and equipment | 23 | €7,412 | €6,140 | -€1,272 | -17.2% |
| Furniture and vehicles | 24 | €6,906 | €3,370 | -€3,536 | -51.2% |
| Other tangible fixed assets | 26 | €5,641 | €5,053 | -€588 | -10.4% |
| Current assets | 29/58 | €484,566 | €500,123 | +€15,557 | +3.2% |
| Amounts receivable after more than one year | 29 | €87,058 | €30,909 | -€56,148 | -64.5% |
| Other amounts receivable | 291 | €87,058 | €30,909 | -€56,148 | -64.5% |
| Stocks and contracts in progress | 3 | €198,067 | €215,021 | +€16,954 | +8.6% |
| Stocks | 30/36 | €198,067 | €215,021 | +€16,954 | +8.6% |
| Amounts receivable within one year | 40/41 | €47,499 | €49,385 | +€1,886 | +4.0% |
| Trade receivables | 40 | €45,341 | €43,424 | -€1,917 | -4.2% |
| Other amounts receivable | 41 | €2,158 | €5,961 | +€3,803 | +176.2% |
| Cash at bank and in hand | 54/58 | €148,539 | €202,384 | +€53,846 | +36.3% |
| Deferred charges and accrued income | 490/1 | €3,403 | €2,424 | -€980 | -28.8% |
| Total equity and liabilities | 10/49 | €504,525 | €515,678 | +€11,153 | +2.2% |
| Equity | 10/15 | €456,371 | €362,139 | -€94,232 | -20.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €436,371 | €342,139 | -€94,232 | -21.6% |
| Distributable reserves | 133 | €436,371 | €342,139 | -€94,232 | -21.6% |
| Amounts payable | 17/49 | €48,154 | €153,539 | +€105,385 | +218.9% |
| Amounts payable within one year | 42/48 | €48,099 | €153,539 | +€105,439 | +219.2% |
| Trade debts | 44 | €16,853 | €41,965 | +€25,111 | +149.0% |
| Suppliers | 440/4 | €16,853 | €41,965 | +€25,111 | +149.0% |
| Advances received on contracts in progress | 46 | €6,420 | €24,124 | +€17,705 | +275.8% |
| Taxes, remuneration and social security | 45 | €23,570 | €1,419 | -€22,151 | -94.0% |
| Taxes | 450/3 | €23,570 | €1,419 | -€22,151 | -94.0% |
| Other amounts payable | 47/48 | €1,256 | €86,031 | +€84,775 | +6749.6% |
| Accrued charges and deferred income | 492/3 | €54 | - | -€54 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,344 | €6,827 | +€1,483 | +27.7% |
| Other operating charges | 640/8 | €637 | €536 | -€100 | -15.8% |
| Gross operating margin | 9900 | €116,809 | €137,226 | +€20,416 | +17.5% |
| Operating profit (loss) | 9901 | €110,829 | €129,863 | +€19,034 | +17.2% |
| Financial income | 75/76B | €3,848 | €7,857 | +€4,008 | +104.2% |
| Recurring financial income | 75 | €3,848 | €7,857 | +€4,008 | +104.2% |
| Financial charges | 65/66B | €336 | €3,323 | +€2,987 | +890.0% |
| Recurring financial charges | 65 | €336 | €3,323 | +€2,987 | +890.0% |
| Profit (loss) for the period before taxes | 9903 | €114,341 | €134,396 | +€20,055 | +17.5% |
| Income taxes | 67/77 | €23,532 | €28,628 | +€5,096 | +21.7% |
| Profit (loss) for the period | 9904 | €90,809 | €105,768 | +€14,960 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €90,809 | €105,768 | +€14,960 | +16.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.