StDae: 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.
StDae
Largest movements
- Receivables within one year +€105,907
up €105,907 (+432.4%), from €24,493 to €130,400
of which Trade receivables: +€105,275
- Cash -€79,475
down €79,475 (-43.9%), from €180,909 to €101,434
mainly Other debts (-€139,833) and Receivables within one year (-€105,907)
- Financial fixed assets +€28,500
up €28,500 (+35625.0%), from €80 to €28,580
- Reserves +€179,000
up €179,000 (+459.7%), from €38,941 to €217,941
- Other debts -€139,833
down €139,833 (-99.9%), from €140,000 to €167
- Tax, wage and social debts +€16,036
up €16,036 (+114.9%), from €13,958 to €29,994
of which Taxes: +€18,482
- Trade debts -€2,843
down €2,843 (-97.9%), from €2,903 to €60
- Gross operating margin +€34,088
up €34,088 (+16.9%), from €202,064 to €236,153
- Taxes +€8,579
up €8,579 (+19.0%), from €45,128 to €53,707
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 | €215,802 | €268,163 | +€52,361 | +24.3% |
| Fixed assets | 21/28 | €10,401 | €36,329 | +€25,929 | +249.3% |
| Tangible fixed assets | 22/27 | €10,321 | €7,749 | -€2,571 | -24.9% |
| Furniture and vehicles | 24 | €10,321 | €7,749 | -€2,571 | -24.9% |
| Financial fixed assets | 28 | €80 | €28,580 | +€28,500 | +35625.0% |
| Current assets | 29/58 | €205,401 | €231,834 | +€26,432 | +12.9% |
| Amounts receivable within one year | 40/41 | €24,493 | €130,400 | +€105,907 | +432.4% |
| Trade receivables | 40 | €23,447 | €128,722 | +€105,275 | +449.0% |
| Other amounts receivable | 41 | €1,045 | €1,677 | +€632 | +60.5% |
| Cash at bank and in hand | 54/58 | €180,909 | €101,434 | -€79,475 | -43.9% |
| Total equity and liabilities | 10/49 | €215,802 | €268,163 | +€52,361 | +24.3% |
| Equity | 10/15 | €58,941 | €237,941 | +€179,000 | +303.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €38,941 | €217,941 | +€179,000 | +459.7% |
| Distributable reserves | 133 | €38,941 | €217,941 | +€179,000 | +459.7% |
| Amounts payable | 17/49 | €156,861 | €30,222 | -€126,639 | -80.7% |
| Amounts payable within one year | 42/48 | €156,861 | €30,222 | -€126,639 | -80.7% |
| Trade debts | 44 | €2,903 | €60 | -€2,843 | -97.9% |
| Suppliers | 440/4 | €2,903 | €60 | -€2,843 | -97.9% |
| Taxes, remuneration and social security | 45 | €13,958 | €29,994 | +€16,036 | +114.9% |
| Taxes | 450/3 | €11,513 | €29,994 | +€18,482 | +160.5% |
| Remuneration and social security | 454/9 | €2,445 | - | -€2,445 | |
| Other amounts payable | 47/48 | €140,000 | €167 | -€139,833 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,796 | €3,893 | +€97 | +2.6% |
| Other operating charges | 640/8 | €632 | €641 | +€8 | +1.3% |
| Gross operating margin | 9900 | €202,064 | €236,153 | +€34,088 | +16.9% |
| Operating profit (loss) | 9901 | €197,636 | €231,619 | +€33,983 | +17.2% |
| Financial income | 75/76B | €1,415 | €1,285 | -€130 | -9.2% |
| Recurring financial income | 75 | €1,415 | €1,285 | -€130 | -9.2% |
| Financial charges | 65/66B | €174 | €198 | +€24 | +13.7% |
| Recurring financial charges | 65 | €174 | €198 | +€24 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €198,877 | €232,707 | +€33,829 | +17.0% |
| Income taxes | 67/77 | €45,128 | €53,707 | +€8,579 | +19.0% |
| Profit (loss) for the period | 9904 | €153,749 | €179,000 | +€25,251 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €153,749 | €179,000 | +€25,251 | +16.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.