Stay: 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.
Stay
Largest movements
- Stocks and contracts +€9,113
up €9,113 (+19.9%), from €45,862 to €54,975
- Tangible fixed assets -€5,438
down €5,438 (-10.0%), from €54,597 to €49,159
of which Other tangible fixed assets: -€6,265
- Receivables within one year +€4,934
up €4,934 (+242%), from €2,041 to €6,975
of which Trade receivables: +€6,016
- Reserves +€16,901
up €16,901 (+51.4%), from €32,912 to €49,813
of which Distributable reserves: +€16,901
- Debts after one year -€8,636
down €8,636 (-75.7%), from €11,404 to €2,768
- Tax, wage and social debts +€7,580
up €7,580 (+81.1%), from €9,341 to €16,922
of which Taxes: +€7,288
- Advances received -€4,062
down €4,062 (-100%), from €4,062 to €0
- Trade debts -€2,312
down €2,312 (-12.9%), from €17,949 to €15,637
- Gross operating margin +€7,336
up €7,336 (+13.1%), from €55,895 to €63,230
- Taxes +€6,444
up €6,444 (+470%), from €1,371 to €7,814
- Financial charges +€4,410
up €4,410 (+155%), from €2,854 to €7,265
- Staff costs +€2,919
up €2,919 (+18.1%), from €16,165 to €19,084
- Other operating charges +€2,311
up €2,311 (+232%), from €995 to €3,306
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,113 | €127,422 | +€8,309 | +7.0% |
| Fixed assets | 21/28 | €54,597 | €49,159 | -€5,438 | -10.0% |
| Tangible fixed assets | 22/27 | €54,597 | €49,159 | -€5,438 | -10.0% |
| Plant, machinery and equipment | 23 | €6,277 | €4,162 | -€2,114 | -33.7% |
| Furniture and vehicles | 24 | €559 | €3,501 | +€2,942 | +526% |
| Other tangible fixed assets | 26 | €47,761 | €41,496 | -€6,265 | -13.1% |
| Current assets | 29/58 | €64,516 | €78,263 | +€13,747 | +21.3% |
| Stocks and contracts in progress | 3 | €45,862 | €54,975 | +€9,113 | +19.9% |
| Stocks | 30/36 | €45,862 | €54,975 | +€9,113 | +19.9% |
| Amounts receivable within one year | 40/41 | €2,041 | €6,975 | +€4,934 | +242% |
| Trade receivables | 40 | €359 | €6,375 | +€6,016 | +1,678% |
| Other amounts receivable | 41 | €1,683 | €600 | -€1,083 | -64.3% |
| Current investments | 50/53 | €2 | - | -€2 | |
| Cash at bank and in hand | 54/58 | €12,135 | €11,759 | -€376 | -3.1% |
| Deferred charges and accrued income | 490/1 | €4,476 | €4,554 | +€78 | +1.7% |
| Total equity and liabilities | 10/49 | €119,113 | €127,422 | +€8,309 | +7.0% |
| Equity | 10/15 | €62,912 | €79,813 | +€16,901 | +26.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €32,912 | €49,813 | +€16,901 | +51.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €32,912 | €49,813 | +€16,901 | +51.4% |
| Amounts payable | 17/49 | €56,201 | €47,609 | -€8,592 | -15.3% |
| Amounts payable after more than one year | 17 | €11,404 | €2,768 | -€8,636 | -75.7% |
| Financial debts | 170/4 | €11,404 | €2,768 | -€8,636 | -75.7% |
| Amounts payable within one year | 42/48 | €44,398 | €44,842 | +€444 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €10,978 | €10,784 | -€194 | -1.8% |
| Financial debts | 43 | €278 | €152 | -€125 | -45.1% |
| Credit institutions | 430/8 | €278 | €152 | -€125 | -45.1% |
| Trade debts | 44 | €17,949 | €15,637 | -€2,312 | -12.9% |
| Suppliers | 440/4 | €17,949 | €15,637 | -€2,312 | -12.9% |
| Advances received on contracts in progress | 46 | €4,062 | €0 | -€4,062 | -100% |
| Taxes, remuneration and social security | 45 | €9,341 | €16,922 | +€7,580 | +81.1% |
| Taxes | 450/3 | €7,767 | €15,055 | +€7,288 | +93.8% |
| Remuneration and social security | 454/9 | €1,575 | €1,867 | +€292 | +18.6% |
| Other amounts payable | 47/48 | €1,789 | €1,346 | -€443 | -24.7% |
| Accrued charges and deferred income | 492/3 | €399 | €0 | -€399 | -100% |
| Remuneration, social security and pensions | 62 | €16,165 | €19,084 | +€2,919 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,519 | €9,186 | +€667 | +7.8% |
| Other operating charges | 640/8 | €995 | €3,306 | +€2,311 | +232% |
| Gross operating margin | 9900 | €55,895 | €63,230 | +€7,336 | +13.1% |
| Operating profit (loss) | 9901 | €30,216 | €31,655 | +€1,439 | +4.8% |
| Financial income | 75/76B | €173 | €325 | +€152 | +87.8% |
| Recurring financial income | 75 | €173 | €325 | +€152 | +87.8% |
| Financial charges | 65/66B | €2,854 | €7,265 | +€4,410 | +155% |
| Recurring financial charges | 65 | €2,854 | €7,265 | +€4,410 | +155% |
| Profit (loss) for the period before taxes | 9903 | €27,535 | €24,716 | -€2,819 | -10.2% |
| Income taxes | 67/77 | €1,371 | €7,814 | +€6,444 | +470% |
| Profit (loss) for the period | 9904 | €26,164 | €16,901 | -€9,263 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,164 | €16,901 | -€9,263 | -35.4% |
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 20 October 2026 via checked.be.