STOA: 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.
STOA
Largest movements
- Receivables within one year +€116,129
up €116,129 (+38.2%), from €304,172 to €420,301
of which Other amounts receivable: +€58,554
- Stocks and contracts -€24,050
down €24,050 (-49.3%), from €48,822 to €24,772
- Cash -€21,910
down €21,910 (-89.4%), from €24,494 to €2,584
mainly Receivables within one year (-€116,129) and Debts after one year (-€12,480)
- Tangible fixed assets -€15,087
down €15,087 (-5.7%), from €267,002 to €251,915
of which Land and buildings: -€11,087
- Other debts +€47,921
up €47,921 (+312.5%), from €15,334 to €63,255
- Profit (loss) carried forward +€20,279
up €20,279 (+44.5%), from -€45,613 to -€25,335
- Debts after one year -€12,480
down €12,480 (-10.1%), from €123,785 to €111,305
- Trade debts +€8,914
up €8,914 (+56.9%), from €15,657 to €24,571
- Purchases and services +€29,491
up €29,491 (+90.4%), from €32,623 to €62,114
- Gross operating margin -€18,012
down €18,012 (-36.5%), from €49,377 to €31,365
- Other operating charges +€646
up €646 (+67.3%), from €960 to €1,606
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 | €645,491 | €700,573 | +€55,082 | +8.5% |
| Fixed assets | 21/28 | €268,002 | €252,915 | -€15,087 | -5.6% |
| Tangible fixed assets | 22/27 | €267,002 | €251,915 | -€15,087 | -5.7% |
| Land and buildings | 22 | €246,981 | €235,893 | -€11,087 | -4.5% |
| Furniture and vehicles | 24 | €6,700 | €4,886 | -€1,814 | -27.1% |
| Other tangible fixed assets | 26 | €13,321 | €11,135 | -€2,186 | -16.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €377,489 | €447,658 | +€70,169 | +18.6% |
| Stocks and contracts in progress | 3 | €48,822 | €24,772 | -€24,050 | -49.3% |
| Stocks | 30/36 | €48,822 | €24,772 | -€24,050 | -49.3% |
| Amounts receivable within one year | 40/41 | €304,172 | €420,301 | +€116,129 | +38.2% |
| Trade receivables | 40 | €142,047 | €199,622 | +€57,575 | +40.5% |
| Other amounts receivable | 41 | €162,125 | €220,679 | +€58,554 | +36.1% |
| Cash at bank and in hand | 54/58 | €24,494 | €2,584 | -€21,910 | -89.4% |
| Total equity and liabilities | 10/49 | €645,491 | €700,573 | +€55,082 | +8.5% |
| Equity | 10/15 | €403,823 | €417,785 | +€13,961 | +3.5% |
| Contributions | 10/11 | €287,000 | €287,000 | = | 0.0% |
| Capital | 10 | €287,000 | €287,000 | = | 0.0% |
| Issued capital | 100 | €287,000 | €287,000 | = | 0.0% |
| Reserves | 13 | €162,437 | €156,119 | -€6,317 | -3.9% |
| Non-distributable reserves | 130/1 | €28,700 | €28,700 | = | 0.0% |
| Legal reserve | 130 | €28,700 | €28,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €131,465 | €125,147 | -€6,317 | -4.8% |
| Distributable reserves | 133 | €2,272 | €2,272 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,613 | -€25,335 | +€20,279 | +44.5% |
| Provisions and deferred taxes | 16 | €65,457 | €62,205 | -€3,253 | -5.0% |
| Deferred taxes | 168 | €65,457 | €62,205 | -€3,253 | -5.0% |
| Amounts payable | 17/49 | €176,211 | €220,584 | +€44,373 | +25.2% |
| Amounts payable after more than one year | 17 | €123,785 | €111,305 | -€12,480 | -10.1% |
| Financial debts | 170/4 | €123,785 | €111,305 | -€12,480 | -10.1% |
| Amounts payable within one year | 42/48 | €52,425 | €109,278 | +€56,853 | +108.4% |
| Current portion of amounts payable after more than one year | 42 | €12,368 | €12,723 | +€355 | +2.9% |
| Trade debts | 44 | €15,657 | €24,571 | +€8,914 | +56.9% |
| Suppliers | 440/4 | €15,657 | €24,571 | +€8,914 | +56.9% |
| Taxes, remuneration and social security | 45 | €9,065 | €8,729 | -€336 | -3.7% |
| Taxes | 450/3 | €9,065 | €8,729 | -€336 | -3.7% |
| Other amounts payable | 47/48 | €15,334 | €63,255 | +€47,921 | +312.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €32,623 | €62,114 | +€29,491 | +90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,482 | €15,087 | -€395 | -2.6% |
| Other operating charges | 640/8 | €960 | €1,606 | +€646 | +67.3% |
| Gross operating margin | 9900 | €49,377 | €31,365 | -€18,012 | -36.5% |
| Operating profit (loss) | 9901 | €32,934 | €14,671 | -€18,263 | -55.5% |
| Financial income | 75/76B | €71 | €153 | +€81 | +113.6% |
| Recurring financial income | 75 | €71 | €153 | +€81 | +113.6% |
| Financial charges | 65/66B | €4,409 | €4,115 | -€293 | -6.7% |
| Recurring financial charges | 65 | €4,409 | €4,115 | -€293 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €28,597 | €10,709 | -€17,889 | -62.6% |
| Transfer from deferred taxes | 780 | €3,253 | €3,253 | = | 0.0% |
| Profit (loss) for the period | 9904 | €31,850 | €13,961 | -€17,889 | -56.2% |
| Transfer from tax-exempt reserves | 789 | €6,317 | €6,317 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,167 | €20,279 | -€17,889 | -46.9% |
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.