VT STASSE: 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.
VT STASSE
Largest movements
- Receivables within one year -€84,817
down €84,817 (-82.8%), from €102,492 to €17,675
of which Trade receivables: -€81,759
- Cash +€32,518
up €32,518 (+110%), from €29,641 to €62,159
mainly Receivables within one year (+€84,817) and Net result for the year (+€43,690)
- Tangible fixed assets -€28,354
down €28,354 (-16.3%), from €174,196 to €145,842
of which Plant, machinery and equipment: -€17,983
- Stocks and contracts +€3,995
up €3,995 (+11.6%), from €34,366 to €38,361
- Trade debts -€124,846
down €124,846 (-91.1%), from €136,969 to €12,124
- Profit (loss) carried forward +€42,857
up €42,857 (+159%), from €26,938 to €69,795
- Other debts -€16,080
down €16,080 (-10.6%), from €151,913 to €135,833
- Debts after one year +€12,032
up €12,032 (+182%), from €6,625 to €18,657
- Tax, wage and social debts +€6,197
up €6,197 (+309%), from €2,008 to €8,205
of which Taxes: +€5,603
- Gross operating margin +€26,215
up €26,215 (+38.3%), from €68,403 to €94,618
- Depreciation +€5,182
up €5,182 (+18.3%), from €28,307 to €33,489
- Taxes +€4,519
up €4,519 (+57.3%), from €7,887 to €12,406
- Financial charges +€1,933
up €1,933 (+110%), from €1,763 to €3,696
- Staff costs +€985
new in 2025: €985
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 | €341,505 | €264,691 | -€76,814 | -22.5% |
| Fixed assets | 21/28 | €174,529 | €146,008 | -€28,521 | -16.3% |
| Intangible fixed assets | 21 | €333 | €166 | -€167 | -50.1% |
| Tangible fixed assets | 22/27 | €174,196 | €145,842 | -€28,354 | -16.3% |
| Plant, machinery and equipment | 23 | €76,581 | €58,598 | -€17,983 | -23.5% |
| Furniture and vehicles | 24 | €7,990 | €5,637 | -€2,352 | -29.4% |
| Other tangible fixed assets | 26 | €89,625 | €81,607 | -€8,018 | -8.9% |
| Current assets | 29/58 | €166,976 | €118,682 | -€48,294 | -28.9% |
| Stocks and contracts in progress | 3 | €34,366 | €38,361 | +€3,995 | +11.6% |
| Stocks | 30/36 | €34,366 | €38,361 | +€3,995 | +11.6% |
| Amounts receivable within one year | 40/41 | €102,492 | €17,675 | -€84,817 | -82.8% |
| Trade receivables | 40 | €98,321 | €16,562 | -€81,759 | -83.2% |
| Other amounts receivable | 41 | €4,171 | €1,113 | -€3,058 | -73.3% |
| Cash at bank and in hand | 54/58 | €29,641 | €62,159 | +€32,518 | +110% |
| Deferred charges and accrued income | 490/1 | €478 | €488 | +€10 | +2.0% |
| Total equity and liabilities | 10/49 | €341,505 | €264,691 | -€76,814 | -22.5% |
| Equity | 10/15 | €28,938 | €71,795 | +€42,857 | +148% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,938 | €69,795 | +€42,857 | +159% |
| Amounts payable | 17/49 | €312,567 | €192,895 | -€119,671 | -38.3% |
| Amounts payable after more than one year | 17 | €6,625 | €18,657 | +€12,032 | +182% |
| Financial debts | 170/4 | €6,625 | €18,657 | +€12,032 | +182% |
| Amounts payable within one year | 42/48 | €305,942 | €174,239 | -€131,703 | -43.0% |
| Current portion of amounts payable after more than one year | 42 | €15,052 | €12,177 | -€2,875 | -19.1% |
| Financial debts | 43 | - | €5,900 | +€5,900 | |
| Credit institutions | 430/8 | - | €5,900 | +€5,900 | |
| Trade debts | 44 | €136,969 | €12,124 | -€124,846 | -91.1% |
| Suppliers | 440/4 | €136,969 | €12,124 | -€124,846 | -91.1% |
| Taxes, remuneration and social security | 45 | €2,008 | €8,205 | +€6,197 | +309% |
| Taxes | 450/3 | €258 | €5,861 | +€5,603 | +2,174% |
| Remuneration and social security | 454/9 | €1,750 | €2,344 | +€594 | +33.9% |
| Other amounts payable | 47/48 | €151,913 | €135,833 | -€16,080 | -10.6% |
| Remuneration, social security and pensions | 62 | - | €985 | +€985 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,307 | €33,489 | +€5,182 | +18.3% |
| Other operating charges | 640/8 | €377 | €352 | -€25 | -6.6% |
| Gross operating margin | 9900 | €68,403 | €94,618 | +€26,215 | +38.3% |
| Operating profit (loss) | 9901 | €39,719 | €59,792 | +€20,073 | +50.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -90.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -90.0% |
| Financial charges | 65/66B | €1,763 | €3,696 | +€1,933 | +110% |
| Recurring financial charges | 65 | €1,763 | €3,696 | +€1,933 | +110% |
| Profit (loss) for the period before taxes | 9903 | €37,957 | €56,096 | +€18,139 | +47.8% |
| Income taxes | 67/77 | €7,887 | €12,406 | +€4,519 | +57.3% |
| Profit (loss) for the period | 9904 | €30,070 | €43,690 | +€13,620 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,070 | €43,690 | +€13,620 | +45.3% |
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 13 October 2026 via checked.be.