StffnMD: 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.
StffnMD
Largest movements
- Tangible fixed assets +€337,939
up €337,939 (+553%), from €61,114 to €399,053
of which Furniture and vehicles: +€339,490
- Cash +€41,618
up €41,618 (+185%), from €22,555 to €64,173
mainly Net result for the year (+€218,428) and Debts after one year (+€175,036)
- Current investments -€27,884
down €27,884 (-14.2%), from €196,280 to €168,396
- Debts after one year +€175,036
new in 2025: €175,036
- Reserves +€112,546
up €112,546 (+30.3%), from €371,370 to €483,916
- Current portion of long-term debt +€47,778
new in 2025: €47,778
- Trade debts +€14,262
up €14,262 (+1,172%), from €1,217 to €15,478
- Gross operating margin +€95,759
up €95,759 (+40.8%), from €234,592 to €330,351
- Taxes +€28,457
up €28,457 (+61.3%), from €46,413 to €74,869
- Other operating charges +€16,159
up €16,159 (+635%), from €2,546 to €18,705
- Financial charges +€4,727
up €4,727 (+54.4%), from €8,686 to €13,413
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 | €385,024 | €736,821 | +€351,798 | +91.4% |
| Fixed assets | 21/28 | €61,114 | €399,053 | +€337,939 | +553% |
| Tangible fixed assets | 22/27 | €61,114 | €399,053 | +€337,939 | +553% |
| Plant, machinery and equipment | 23 | €5,366 | €4,034 | -€1,332 | -24.8% |
| Furniture and vehicles | 24 | €10,200 | €349,691 | +€339,490 | +3,328% |
| Other tangible fixed assets | 26 | €45,547 | €45,328 | -€219 | -0.5% |
| Current assets | 29/58 | €323,910 | €337,768 | +€13,858 | +4.3% |
| Amounts receivable within one year | 40/41 | €100,356 | €98,637 | -€1,718 | -1.7% |
| Trade receivables | 40 | €51,851 | €86,012 | +€34,161 | +65.9% |
| Other amounts receivable | 41 | €48,504 | €12,625 | -€35,879 | -74.0% |
| Current investments | 50/53 | €196,280 | €168,396 | -€27,884 | -14.2% |
| Cash at bank and in hand | 54/58 | €22,555 | €64,173 | +€41,618 | +185% |
| Deferred charges and accrued income | 490/1 | €4,719 | €6,561 | +€1,842 | +39.0% |
| Total equity and liabilities | 10/49 | €385,024 | €736,821 | +€351,798 | +91.4% |
| Equity | 10/15 | €373,870 | €486,416 | +€112,546 | +30.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €371,370 | €483,916 | +€112,546 | +30.3% |
| Distributable reserves | 133 | €371,370 | €483,916 | +€112,546 | +30.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,153 | €250,405 | +€239,252 | +2,145% |
| Amounts payable after more than one year | 17 | - | €175,036 | +€175,036 | |
| Financial debts | 170/4 | - | €175,036 | +€175,036 | |
| Amounts payable within one year | 42/48 | €11,153 | €75,370 | +€64,216 | +576% |
| Current portion of amounts payable after more than one year | 42 | - | €47,778 | +€47,778 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,217 | €15,478 | +€14,262 | +1,172% |
| Suppliers | 440/4 | €1,217 | €15,478 | +€14,262 | +1,172% |
| Taxes, remuneration and social security | 45 | €9,937 | €12,113 | +€2,176 | +21.9% |
| Taxes | 450/3 | €9,937 | €12,113 | +€2,176 | +21.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €35,499 | €8,471 | -€27,028 | -76.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,835 | €7,823 | -€1,012 | -11.5% |
| Other operating charges | 640/8 | €2,546 | €18,705 | +€16,159 | +635% |
| Non-recurring operating charges | 66A | - | €15 | +€15 | |
| Gross operating margin | 9900 | €234,592 | €330,351 | +€95,759 | +40.8% |
| Operating profit (loss) | 9901 | €223,212 | €303,808 | +€80,596 | +36.1% |
| Financial income | 75/76B | €2,758 | €2,902 | +€144 | +5.2% |
| Recurring financial income | 75 | €2,758 | €2,902 | +€144 | +5.2% |
| Financial charges | 65/66B | €8,686 | €13,413 | +€4,727 | +54.4% |
| Recurring financial charges | 65 | €8,686 | €13,413 | +€4,727 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | €217,284 | €293,297 | +€76,013 | +35.0% |
| Income taxes | 67/77 | €46,413 | €74,869 | +€28,457 | +61.3% |
| Profit (loss) for the period | 9904 | €170,871 | €218,428 | +€47,557 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €170,871 | €218,428 | +€47,557 | +27.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.