STAWO: 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.
STAWO
Largest movements
- Tangible fixed assets -€24,597
down €24,597 (-5.9%), from €417,703 to €393,106
- Other debts -€74,614
down €74,614 (-37.3%), from €199,792 to €125,179
- Debts after one year +€41,000
up €41,000 (+17.8%), from €230,000 to €271,000
- Depreciation -€14,695
down €14,695 (-37.4%), from €39,292 to €24,597
- Gross operating margin -€3,216
down €3,216 (-5.4%), from €59,293 to €56,077
- Other operating charges +€791
up €791 (+2.9%), from €27,024 to €27,815
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 | €536,665 | €506,980 | -€29,686 | -5.5% |
| Fixed assets | 21/28 | €417,703 | €393,106 | -€24,597 | -5.9% |
| Tangible fixed assets | 22/27 | €417,703 | €393,106 | -€24,597 | -5.9% |
| Land and buildings | 22 | €417,703 | €393,106 | -€24,597 | -5.9% |
| Current assets | 29/58 | €118,962 | €113,873 | -€5,089 | -4.3% |
| Amounts receivable within one year | 40/41 | €11,812 | €7,884 | -€3,928 | -33.3% |
| Other amounts receivable | 41 | €11,812 | €7,884 | -€3,928 | -33.3% |
| Cash at bank and in hand | 54/58 | €107,150 | €105,989 | -€1,161 | -1.1% |
| Total equity and liabilities | 10/49 | €536,665 | €506,980 | -€29,686 | -5.5% |
| Equity | 10/15 | €106,598 | €110,184 | +€3,586 | +3.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €86,000 | €90,000 | +€4,000 | +4.7% |
| Distributable reserves | 133 | €86,000 | €90,000 | +€4,000 | +4.7% |
| Profit (loss) carried forward | 14 | €598 | €184 | -€414 | -69.3% |
| Amounts payable | 17/49 | €430,067 | €396,796 | -€33,271 | -7.7% |
| Amounts payable after more than one year | 17 | €230,000 | €271,000 | +€41,000 | +17.8% |
| Other amounts payable | 178/9 | €230,000 | €271,000 | +€41,000 | +17.8% |
| Amounts payable within one year | 42/48 | €200,067 | €125,796 | -€74,271 | -37.1% |
| Trade debts | 44 | €275 | €618 | +€343 | +124.6% |
| Suppliers | 440/4 | €275 | €618 | +€343 | +124.6% |
| Other amounts payable | 47/48 | €199,792 | €125,179 | -€74,614 | -37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,292 | €24,597 | -€14,695 | -37.4% |
| Other operating charges | 640/8 | €27,024 | €27,815 | +€791 | +2.9% |
| Gross operating margin | 9900 | €59,293 | €56,077 | -€3,216 | -5.4% |
| Operating profit (loss) | 9901 | -€7,023 | €3,665 | +€10,688 | |
| Financial charges | 65/66B | €78 | €79 | +€1 | +1.3% |
| Recurring financial charges | 65 | €78 | €79 | +€1 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,101 | €3,586 | +€10,687 | |
| Profit (loss) for the period | 9904 | -€7,101 | €3,586 | +€10,687 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,101 | €3,586 | +€10,687 |
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 7 October 2026 via checked.be.