STAND44: what changed
STAND44
Largest movements
- Stocks and contracts +€18,500
new in 2025: €18,500
- Tangible fixed assets -€4,001
down €4,001 (-26.1%), from €15,332 to €11,331
of which Plant, machinery and equipment: -€2,328
- Cash -€3,726
down €3,726 (-23.3%), from €15,963 to €12,237
mainly Other debts (-€38,815) and Stocks and contracts (-€18,500)
- Receivables within one year -€966
down €966 (-34.9%), from €2,766 to €1,800
- Other debts -€38,815
down €38,815 (-91.9%), from €42,257 to €3,442
- Debts after one year +€30,000
new in 2025: €30,000
- Short-term financial debts +€11,460
new in 2025: €11,460
- Profit (loss) carried forward +€2,680
up €2,680 (+19.2%), from -€13,983 to -€11,303
- Tax, wage and social debts +€2,521
up €2,521 (+169%), from €1,489 to €4,010
- Gross operating margin +€17,274
up €17,274, from -€7,369 to €9,904
- Depreciation +€394
up €394 (+7.7%), from €5,106 to €5,501
- Other operating charges +€282
up €282 (+20.8%), from €1,353 to €1,635
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,875 | €44,899 | +€9,023 | +25.2% |
| Fixed assets | 21/28 | €16,706 | €12,362 | -€4,344 | -26.0% |
| Intangible fixed assets | 21 | €1,374 | €1,031 | -€344 | -25.0% |
| Tangible fixed assets | 22/27 | €15,332 | €11,331 | -€4,001 | -26.1% |
| Plant, machinery and equipment | 23 | €9,531 | €7,203 | -€2,328 | -24.4% |
| Furniture and vehicles | 24 | €5,801 | €4,128 | -€1,673 | -28.8% |
| Current assets | 29/58 | €19,169 | €32,537 | +€13,368 | +69.7% |
| Stocks and contracts in progress | 3 | - | €18,500 | +€18,500 | |
| Stocks | 30/36 | - | €18,500 | +€18,500 | |
| Amounts receivable within one year | 40/41 | €2,766 | €1,800 | -€966 | -34.9% |
| Trade receivables | 40 | €2,766 | €1,800 | -€966 | -34.9% |
| Cash at bank and in hand | 54/58 | €15,963 | €12,237 | -€3,726 | -23.3% |
| Deferred charges and accrued income | 490/1 | €440 | - | -€440 | |
| Total equity and liabilities | 10/49 | €35,875 | €44,899 | +€9,023 | +25.2% |
| Equity | 10/15 | -€8,983 | -€6,303 | +€2,680 | +29.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,983 | -€11,303 | +€2,680 | +19.2% |
| Amounts payable | 17/49 | €44,858 | €51,202 | +€6,344 | +14.1% |
| Amounts payable after more than one year | 17 | - | €30,000 | +€30,000 | |
| Other amounts payable | 178/9 | - | €30,000 | +€30,000 | |
| Amounts payable within one year | 42/48 | €44,858 | €21,202 | -€23,656 | -52.7% |
| Financial debts | 43 | - | €11,460 | +€11,460 | |
| Other loans | 439 | - | €11,460 | +€11,460 | |
| Trade debts | 44 | €1,112 | €2,290 | +€1,178 | +106% |
| Suppliers | 440/4 | €1,112 | €2,290 | +€1,178 | +106% |
| Taxes, remuneration and social security | 45 | €1,489 | €4,010 | +€2,521 | +169% |
| Taxes | 450/3 | €1,489 | €4,010 | +€2,521 | +169% |
| Other amounts payable | 47/48 | €42,257 | €3,442 | -€38,815 | -91.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,106 | €5,501 | +€394 | +7.7% |
| Other operating charges | 640/8 | €1,353 | €1,635 | +€282 | +20.8% |
| Gross operating margin | 9900 | -€7,369 | €9,904 | +€17,274 | |
| Operating profit (loss) | 9901 | -€13,829 | €2,769 | +€16,598 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €154 | €89 | -€65 | -42.1% |
| Recurring financial charges | 65 | €154 | €89 | -€65 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,983 | €2,680 | +€16,662 | |
| Profit (loss) for the period | 9904 | -€13,983 | €2,680 | +€16,662 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,983 | €2,680 | +€16,662 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.