STAY@BRUSSELS: 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@BRUSSELS
Largest movements
- Tangible fixed assets +€209,402
new in 2025: €209,402
of which Plant, machinery and equipment: +€197,294
- Receivables within one year -€144,677
down €144,677 (-53.3%), from €271,527 to €126,850
of which Other amounts receivable: -€144,677
- Cash +€19,020
up €19,020 (+761%), from €2,500 to €21,520
mainly Receivables within one year (+€144,677) and Trade debts (+€95,461)
- Trade debts +€95,461
up €95,461 (+1,143%), from €8,350 to €103,811
- Profit (loss) carried forward -€26,345
down €26,345 (-23.1%), from €114,095 to €87,750
- Tax, wage and social debts +€14,630
new in 2025: €14,630
- Financial charges +€43,708
up €43,708 (+16,283%), from €268 to €43,977
of which Non-recurring financial charges: +€43,977
- Gross operating margin +€27,056
up €27,056, from -€210 to €26,846
- Depreciation +€10,910
new in 2025: €10,910
- Financial income -€4,042
down €4,042 (-65.3%), from €6,188 to €2,147
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 | €274,027 | €357,772 | +€83,746 | +30.6% |
| Fixed assets | 21/28 | - | €209,402 | +€209,402 | |
| Tangible fixed assets | 22/27 | - | €209,402 | +€209,402 | |
| Plant, machinery and equipment | 23 | - | €197,294 | +€197,294 | |
| Furniture and vehicles | 24 | - | €12,108 | +€12,108 | |
| Current assets | 29/58 | €274,027 | €148,370 | -€125,657 | -45.9% |
| Amounts receivable within one year | 40/41 | €271,527 | €126,850 | -€144,677 | -53.3% |
| Trade receivables | 40 | €1,245 | €1,245 | = | 0.0% |
| Other amounts receivable | 41 | €270,282 | €125,605 | -€144,677 | -53.5% |
| Cash at bank and in hand | 54/58 | €2,500 | €21,520 | +€19,020 | +761% |
| Total equity and liabilities | 10/49 | €274,027 | €357,772 | +€83,746 | +30.6% |
| Equity | 10/15 | €265,677 | €239,332 | -€26,345 | -9.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €90,082 | €90,082 | = | 0.0% |
| Non-distributable reserves | 130/1 | €71,728 | €71,728 | = | 0.0% |
| Legal reserve | 130 | €71,728 | €71,728 | = | 0.0% |
| Distributable reserves | 133 | €18,354 | €18,354 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,095 | €87,750 | -€26,345 | -23.1% |
| Amounts payable | 17/49 | €8,350 | €118,440 | +€110,090 | +1,318% |
| Amounts payable within one year | 42/48 | €8,350 | €118,440 | +€110,090 | +1,318% |
| Trade debts | 44 | €8,350 | €103,811 | +€95,461 | +1,143% |
| Suppliers | 440/4 | €8,350 | €103,811 | +€95,461 | +1,143% |
| Taxes, remuneration and social security | 45 | - | €14,630 | +€14,630 | |
| Taxes | 450/3 | - | €14,630 | +€14,630 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,910 | +€10,910 | |
| Other operating charges | 640/8 | €387 | €450 | +€63 | +16.2% |
| Gross operating margin | 9900 | -€210 | €26,846 | +€27,056 | |
| Operating profit (loss) | 9901 | -€597 | €15,486 | +€16,083 | |
| Financial income | 75/76B | €6,188 | €2,147 | -€4,042 | -65.3% |
| Recurring financial income | 75 | €6,188 | €2,147 | -€4,042 | -65.3% |
| Financial charges | 65/66B | €268 | €43,977 | +€43,708 | +16,283% |
| Recurring financial charges | 65 | €268 | €43,977 | +€43,708 | +16,283% |
| Non-recurring financial charges | 66B | - | €43,977 | +€43,977 | |
| Profit (loss) for the period before taxes | 9903 | €5,322 | -€26,345 | -€31,667 | |
| Profit (loss) for the period | 9904 | €5,322 | -€26,345 | -€31,667 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,322 | -€26,345 | -€31,667 |
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 29 October 2026 via checked.be.