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
- Tangible fixed assets -€42,535
down €42,535 (-12.3%), from €347,029 to €304,495
of which Land and buildings: -€37,673
- Cash +€25,561
up €25,561 (+28.2%), from €90,642 to €116,202
mainly Depreciation (+€46,211) and Tax, wage and social debts (+€34,513)
- Receivables within one year -€18,784
down €18,784 (-12.5%), from €149,969 to €131,185
of which Trade receivables: -€15,896
- Intangible fixed assets +€8,024
up €8,024 (+599%), from €1,340 to €9,365
- Trade debts -€49,419
down €49,419 (-80.8%), from €61,148 to €11,729
- Tax, wage and social debts +€34,513
up €34,513 (+75.0%), from €46,011 to €80,523
of which Taxes: +€20,964
- Debts after one year -€30,258
down €30,258 (-12.6%), from €240,621 to €210,363
- Other debts +€25,030
up €25,030 (+267%), from €9,383 to €34,413
- Reserves -€10,587
down €10,587 (-9.6%), from €110,079 to €99,492
- Gross operating margin +€36,554
up €36,554 (+16.1%), from €227,456 to €264,010
- Staff costs +€14,674
up €14,674 (+10.0%), from €147,341 to €162,015
- Other operating charges +€9,983
up €9,983 (+419%), from €2,381 to €12,364
- Taxes +€3,819
up €3,819 (+53.7%), from €7,111 to €10,930
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 | €596,092 | €565,778 | -€30,315 | -5.1% |
| Fixed assets | 21/28 | €351,430 | €316,919 | -€34,510 | -9.8% |
| Intangible fixed assets | 21 | €1,340 | €9,365 | +€8,024 | +599% |
| Tangible fixed assets | 22/27 | €347,029 | €304,495 | -€42,535 | -12.3% |
| Land and buildings | 22 | €330,206 | €292,533 | -€37,673 | -11.4% |
| Plant, machinery and equipment | 23 | €3,725 | €2,482 | -€1,243 | -33.4% |
| Furniture and vehicles | 24 | €13,099 | €9,480 | -€3,619 | -27.6% |
| Financial fixed assets | 28 | €3,060 | €3,060 | = | 0.0% |
| Current assets | 29/58 | €244,663 | €248,858 | +€4,196 | +1.7% |
| Amounts receivable within one year | 40/41 | €149,969 | €131,185 | -€18,784 | -12.5% |
| Trade receivables | 40 | €147,081 | €131,185 | -€15,896 | -10.8% |
| Other amounts receivable | 41 | €2,889 | €0 | -€2,889 | -100% |
| Cash at bank and in hand | 54/58 | €90,642 | €116,202 | +€25,561 | +28.2% |
| Deferred charges and accrued income | 490/1 | €4,052 | €1,471 | -€2,581 | -63.7% |
| Total equity and liabilities | 10/49 | €596,092 | €565,778 | -€30,315 | -5.1% |
| Equity | 10/15 | €209,079 | €198,492 | -€10,587 | -5.1% |
| Contributions | 10/11 | €99,000 | €99,000 | = | 0.0% |
| Reserves | 13 | €110,079 | €99,492 | -€10,587 | -9.6% |
| Distributable reserves | 133 | €110,079 | €99,492 | -€10,587 | -9.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €387,013 | €367,286 | -€19,727 | -5.1% |
| Amounts payable after more than one year | 17 | €240,621 | €210,363 | -€30,258 | -12.6% |
| Financial debts | 170/4 | €240,621 | €210,363 | -€30,258 | -12.6% |
| Amounts payable within one year | 42/48 | €146,393 | €156,923 | +€10,531 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €29,851 | €30,258 | +€407 | +1.4% |
| Trade debts | 44 | €61,148 | €11,729 | -€49,419 | -80.8% |
| Suppliers | 440/4 | €61,148 | €11,729 | -€49,419 | -80.8% |
| Taxes, remuneration and social security | 45 | €46,011 | €80,523 | +€34,513 | +75.0% |
| Taxes | 450/3 | €19,623 | €40,588 | +€20,964 | +107% |
| Remuneration and social security | 454/9 | €26,387 | €39,936 | +€13,549 | +51.3% |
| Other amounts payable | 47/48 | €9,383 | €34,413 | +€25,030 | +267% |
| Remuneration, social security and pensions | 62 | €147,341 | €162,015 | +€14,674 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,119 | €46,211 | -€908 | -1.9% |
| Other operating charges | 640/8 | €2,381 | €12,364 | +€9,983 | +419% |
| Gross operating margin | 9900 | €227,456 | €264,010 | +€36,554 | +16.1% |
| Operating profit (loss) | 9901 | €30,616 | €43,420 | +€12,804 | +41.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €4,740 | €3,665 | -€1,075 | -22.7% |
| Recurring financial charges | 65 | €4,740 | €3,665 | -€1,075 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €25,876 | €39,756 | +€13,879 | +53.6% |
| Income taxes | 67/77 | €7,111 | €10,930 | +€3,819 | +53.7% |
| Profit (loss) for the period | 9904 | €18,765 | €28,826 | +€10,061 | +53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,765 | €28,826 | +€10,061 | +53.6% |
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.