'T STAMINEE: 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.
'T STAMINEE
Largest movements
- Cash +€51,556
up €51,556 (+35.6%), from €144,856 to €196,412
mainly Net result for the year (+€42,876) and Other debts (+€15,267)
- Receivables within one year -€5,955
down €5,955 (-50.1%), from €11,876 to €5,921
of which Trade receivables: -€4,222
- Reserves +€27,415
up €27,415 (+27.7%), from €98,928 to €126,343
- Other debts +€15,267
up €15,267 (+5,620%), from €272 to €15,538
- Trade debts +€3,604
up €3,604 (+33.0%), from €10,916 to €14,520
- Advances received -€3,231
down €3,231 (-100%), from €3,231 to €0
- Gross operating margin -€21,369
down €21,369 (-8.4%), from €254,929 to €233,560
- Taxes -€9,600
down €9,600 (-32.2%), from €29,815 to €20,215
- Staff costs +€3,376
up €3,376 (+2.1%), from €161,935 to €165,312
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 | €175,564 | €221,840 | +€46,276 | +26.4% |
| Fixed assets | 21/28 | €2,673 | €4,510 | +€1,837 | +68.7% |
| Tangible fixed assets | 22/27 | €2,486 | €4,323 | +€1,837 | +73.9% |
| Plant, machinery and equipment | 23 | €2,326 | €2,517 | +€191 | +8.2% |
| Furniture and vehicles | 24 | €160 | €1,806 | +€1,646 | +1,027% |
| Financial fixed assets | 28 | €187 | €187 | = | 0.0% |
| Current assets | 29/58 | €172,892 | €217,330 | +€44,439 | +25.7% |
| Stocks and contracts in progress | 3 | €13,595 | €11,717 | -€1,878 | -13.8% |
| Stocks | 30/36 | €13,595 | €11,717 | -€1,878 | -13.8% |
| Amounts receivable within one year | 40/41 | €11,876 | €5,921 | -€5,955 | -50.1% |
| Trade receivables | 40 | €6,137 | €1,915 | -€4,222 | -68.8% |
| Other amounts receivable | 41 | €5,739 | €4,005 | -€1,733 | -30.2% |
| Cash at bank and in hand | 54/58 | €144,856 | €196,412 | +€51,556 | +35.6% |
| Deferred charges and accrued income | 490/1 | €2,565 | €3,281 | +€716 | +27.9% |
| Total equity and liabilities | 10/49 | €175,564 | €221,840 | +€46,276 | +26.4% |
| Equity | 10/15 | €105,128 | €132,543 | +€27,415 | +26.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,928 | €126,343 | +€27,415 | +27.7% |
| Distributable reserves | 133 | €98,928 | €126,343 | +€27,415 | +27.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €70,436 | €89,298 | +€18,861 | +26.8% |
| Amounts payable within one year | 42/48 | €69,648 | €87,461 | +€17,812 | +25.6% |
| Trade debts | 44 | €10,916 | €14,520 | +€3,604 | +33.0% |
| Suppliers | 440/4 | €10,916 | €14,520 | +€3,604 | +33.0% |
| Advances received on contracts in progress | 46 | €3,231 | €0 | -€3,231 | -100% |
| Taxes, remuneration and social security | 45 | €55,230 | €57,402 | +€2,172 | +3.9% |
| Taxes | 450/3 | €42,035 | €41,360 | -€676 | -1.6% |
| Remuneration and social security | 454/9 | €13,195 | €16,043 | +€2,848 | +21.6% |
| Other amounts payable | 47/48 | €272 | €15,538 | +€15,267 | +5,620% |
| Accrued charges and deferred income | 492/3 | €788 | €1,837 | +€1,049 | +133% |
| Non-recurring operating income | 76A | - | €2,500 | +€2,500 | |
| Remuneration, social security and pensions | 62 | €161,935 | €165,312 | +€3,376 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,167 | €1,139 | -€1,028 | -47.4% |
| Other operating charges | 640/8 | €569 | €2,085 | +€1,516 | +266% |
| Non-recurring operating charges | 66A | €0 | €179 | +€179 | |
| Gross operating margin | 9900 | €254,929 | €233,560 | -€21,369 | -8.4% |
| Operating profit (loss) | 9901 | €90,258 | €64,845 | -€25,412 | -28.2% |
| Financial income | 75/76B | €130 | €0 | -€130 | -100% |
| Recurring financial income | 75 | €130 | €0 | -€130 | -100% |
| Financial charges | 65/66B | €1,809 | €1,754 | -€54 | -3.0% |
| Recurring financial charges | 65 | €1,809 | €1,754 | -€54 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €88,579 | €63,091 | -€25,488 | -28.8% |
| Income taxes | 67/77 | €29,815 | €20,215 | -€9,600 | -32.2% |
| Profit (loss) for the period | 9904 | €58,763 | €42,876 | -€15,888 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,763 | €42,876 | -€15,888 | -27.0% |
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.