STAYS: 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.
STAYS
Largest movements
- Cash -€63,077
down €63,077 (-89.1%), from €70,821 to €7,744
mainly Receivables within one year (-€50,189) and Contributions, distributions and other (-€10,172)
- Receivables within one year +€50,189
up €50,189 (+905%), from €5,548 to €55,736
of which Other amounts receivable: +€44,250
- Intangible fixed assets +€3,851
new in 2025: €3,851
- Tangible fixed assets +€2,664
up €2,664 (+171%), from €1,556 to €4,220
of which Furniture and vehicles: +€3,107
- Deferred charges and accrued income +€2,312
up €2,312 (+890%), from €260 to €2,572
- Other debts -€5,247
down €5,247 (-86.3%), from €6,080 to €833
- Trade debts +€4,729
up €4,729 (+142%), from €3,341 to €8,069
- Tax, wage and social debts -€3,869
down €3,869 (-33.1%), from €11,687 to €7,818
of which Taxes: -€2,136
- Current portion of long-term debt -€2,887
down €2,887 (-100%), from €2,887 to €0
- Reserves +€1,535
up €1,535 (+2.3%), from €65,984 to €67,518
- Gross operating margin -€20,710
down €20,710 (-38.7%), from €53,530 to €32,821
- Taxes -€6,601
down €6,601 (-55.6%), from €11,877 to €5,276
- Financial income +€2,591
up €2,591 (+17,365%), from €15 to €2,606
- Depreciation +€1,683
up €1,683 (+380%), from €443 to €2,125
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 | €98,500 | €92,864 | -€5,635 | -5.7% |
| Fixed assets | 21/28 | €1,556 | €8,072 | +€6,516 | +419% |
| Intangible fixed assets | 21 | - | €3,851 | +€3,851 | |
| Tangible fixed assets | 22/27 | €1,556 | €4,220 | +€2,664 | +171% |
| Furniture and vehicles | 24 | - | €3,107 | +€3,107 | |
| Other tangible fixed assets | 26 | €1,556 | €1,113 | -€443 | -28.4% |
| Current assets | 29/58 | €96,944 | €84,793 | -€12,151 | -12.5% |
| Stocks and contracts in progress | 3 | €20,316 | €18,741 | -€1,575 | -7.8% |
| Stocks | 30/36 | €20,316 | €18,741 | -€1,575 | -7.8% |
| Amounts receivable within one year | 40/41 | €5,548 | €55,736 | +€50,189 | +905% |
| Trade receivables | 40 | €5,548 | €11,486 | +€5,939 | +107% |
| Other amounts receivable | 41 | - | €44,250 | +€44,250 | |
| Cash at bank and in hand | 54/58 | €70,821 | €7,744 | -€63,077 | -89.1% |
| Deferred charges and accrued income | 490/1 | €260 | €2,572 | +€2,312 | +890% |
| Total equity and liabilities | 10/49 | €98,500 | €92,864 | -€5,635 | -5.7% |
| Equity | 10/15 | €73,984 | €75,518 | +€1,535 | +2.1% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €65,984 | €67,518 | +€1,535 | +2.3% |
| Distributable reserves | 133 | €65,984 | €67,518 | +€1,535 | +2.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,516 | €17,346 | -€7,170 | -29.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €23,995 | €17,346 | -€6,649 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €2,887 | €0 | -€2,887 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,341 | €8,069 | +€4,729 | +142% |
| Suppliers | 440/4 | €3,341 | €8,069 | +€4,729 | +142% |
| Advances received on contracts in progress | 46 | - | €626 | +€626 | |
| Taxes, remuneration and social security | 45 | €11,687 | €7,818 | -€3,869 | -33.1% |
| Taxes | 450/3 | €9,954 | €7,818 | -€2,136 | -21.5% |
| Remuneration and social security | 454/9 | €1,732 | €0 | -€1,732 | -100% |
| Other amounts payable | 47/48 | €6,080 | €833 | -€5,247 | -86.3% |
| Accrued charges and deferred income | 492/3 | €521 | €0 | -€521 | -100% |
| Remuneration, social security and pensions | 62 | €15,423 | €14,967 | -€456 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €443 | €2,125 | +€1,683 | +380% |
| Other operating charges | 640/8 | €678 | €759 | +€81 | +12.0% |
| Gross operating margin | 9900 | €53,530 | €32,821 | -€20,710 | -38.7% |
| Operating profit (loss) | 9901 | €36,987 | €14,969 | -€22,018 | -59.5% |
| Financial income | 75/76B | €15 | €2,606 | +€2,591 | +17,365% |
| Recurring financial income | 75 | €15 | €2,606 | +€2,591 | +17,365% |
| Financial charges | 65/66B | €980 | €592 | -€388 | -39.6% |
| Recurring financial charges | 65 | €980 | €592 | -€388 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €36,022 | €16,983 | -€19,039 | -52.9% |
| Income taxes | 67/77 | €11,877 | €5,276 | -€6,601 | -55.6% |
| Profit (loss) for the period | 9904 | €24,144 | €11,707 | -€12,438 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,144 | €11,707 | -€12,438 | -51.5% |
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 19 October 2026 via checked.be.