STDE RABOTAGE: 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.
STDE RABOTAGE
Largest movements
- Tangible fixed assets +€330,388
up €330,388 (+2,965%), from €11,144 to €341,532
of which Plant, machinery and equipment: +€287,651
- Receivables within one year +€62,469
up €62,469 (+57.4%), from €108,752 to €171,221
of which Trade receivables: +€44,226
- Cash +€36,974
up €36,974 (+138%), from €26,747 to €63,721
mainly Trade debts (+€278,726) and Net result for the year (+€121,889)
- Stocks and contracts -€7,100
down €7,100 (-100%), from €7,100 to €0
- Trade debts +€278,726
up €278,726 (+566%), from €49,222 to €327,947
- Profit (loss) carried forward +€97,889
up €97,889 (+132%), from €74,365 to €172,254
- Tax, wage and social debts +€26,430
up €26,430 (+87.6%), from €30,155 to €56,585
of which Taxes: +€30,022
- Other debts +€24,000
new in 2025: €24,000
- Gross operating margin +€220,831
up €220,831 (+170%), from €129,962 to €350,793
- Staff costs +€70,326
up €70,326 (+202%), from €34,894 to €105,220
- Other operating charges +€48,737
up €48,737 (+3,797%), from €1,284 to €50,021
- Write-downs +€23,000
new in 2025: €23,000
- Depreciation +€16,915
up €16,915 (+396%), from €4,268 to €21,183
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 | €153,742 | €580,786 | +€427,044 | +278% |
| Fixed assets | 21/28 | €11,144 | €343,592 | +€332,448 | +2,983% |
| Tangible fixed assets | 22/27 | €11,144 | €341,532 | +€330,388 | +2,965% |
| Plant, machinery and equipment | 23 | €4,300 | €291,951 | +€287,651 | +6,690% |
| Furniture and vehicles | 24 | €6,844 | €49,581 | +€42,737 | +624% |
| Financial fixed assets | 28 | - | €2,060 | +€2,060 | |
| Current assets | 29/58 | €142,598 | €237,195 | +€94,596 | +66.3% |
| Stocks and contracts in progress | 3 | €7,100 | €0 | -€7,100 | -100% |
| Stocks | 30/36 | €7,100 | €0 | -€7,100 | -100% |
| Amounts receivable within one year | 40/41 | €108,752 | €171,221 | +€62,469 | +57.4% |
| Trade receivables | 40 | €67,365 | €111,590 | +€44,226 | +65.7% |
| Other amounts receivable | 41 | €41,387 | €59,630 | +€18,243 | +44.1% |
| Current investments | 50/53 | - | €1,759 | +€1,759 | |
| Cash at bank and in hand | 54/58 | €26,747 | €63,721 | +€36,974 | +138% |
| Deferred charges and accrued income | 490/1 | - | €494 | +€494 | |
| Total equity and liabilities | 10/49 | €153,742 | €580,786 | +€427,044 | +278% |
| Equity | 10/15 | €74,365 | €172,254 | +€97,889 | +132% |
| Profit (loss) carried forward | 14 | €74,365 | €172,254 | +€97,889 | +132% |
| Amounts payable | 17/49 | €79,377 | €408,533 | +€329,155 | +415% |
| Amounts payable within one year | 42/48 | €79,377 | €408,533 | +€329,155 | +415% |
| Trade debts | 44 | €49,222 | €327,947 | +€278,726 | +566% |
| Suppliers | 440/4 | €49,222 | €327,947 | +€278,726 | +566% |
| Taxes, remuneration and social security | 45 | €30,155 | €56,585 | +€26,430 | +87.6% |
| Taxes | 450/3 | €24,351 | €54,373 | +€30,022 | +123% |
| Remuneration and social security | 454/9 | €5,805 | €2,213 | -€3,592 | -61.9% |
| Other amounts payable | 47/48 | - | €24,000 | +€24,000 | |
| Remuneration, social security and pensions | 62 | €34,894 | €105,220 | +€70,326 | +202% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,268 | €21,183 | +€16,915 | +396% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €23,000 | +€23,000 | |
| Other operating charges | 640/8 | €1,284 | €50,021 | +€48,737 | +3,797% |
| Gross operating margin | 9900 | €129,962 | €350,793 | +€220,831 | +170% |
| Operating profit (loss) | 9901 | €89,516 | €151,369 | +€61,853 | +69.1% |
| Financial income | 75/76B | €952 | €0 | -€952 | -100.0% |
| Recurring financial income | 75 | €191 | €0 | -€191 | -100.0% |
| Non-recurring financial income | 76B | €761 | - | -€761 | |
| Financial charges | 65/66B | €498 | €138 | -€360 | -72.4% |
| Recurring financial charges | 65 | €498 | €138 | -€360 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | €89,970 | €151,232 | +€61,261 | +68.1% |
| Income taxes | 67/77 | €18,503 | €29,343 | +€10,840 | +58.6% |
| Profit (loss) for the period | 9904 | €71,468 | €121,889 | +€50,421 | +70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,468 | €121,889 | +€50,421 | +70.6% |
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 28 October 2026 via checked.be.