ALL STOVES: 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.
ALL STOVES
Largest movements
- Receivables within one year +€81,961
up €81,961 (+96.2%), from €85,175 to €167,136
of which Trade receivables: +€84,111
- Tangible fixed assets +€45,742
new in 2025: €45,742
- Stocks and contracts -€17,809
down €17,809 (-6.2%), from €289,123 to €271,314
- Cash -€10,484
down €10,484 (-20.9%), from €50,069 to €39,585
mainly Receivables within one year (-€81,961) and Investment in fixed assets (net) (-€52,675)
- Advances received +€42,159
up €42,159 (+99.8%), from €42,225 to €84,384
- Trade debts +€30,797
up €30,797 (+240.8%), from €12,789 to €43,586
- Profit (loss) carried forward +€11,237
up €11,237 (+9.1%), from -€123,647 to -€112,409
- Accrued charges and deferred income +€10,000
new in 2025: €10,000
- Gross operating margin +€111,165
up €111,165, from -€72,079 to €39,086
- Depreciation +€6,933
new in 2025: €6,933
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 | €424,367 | €523,777 | +€99,410 | +23.4% |
| Fixed assets | 21/28 | - | €45,742 | +€45,742 | |
| Tangible fixed assets | 22/27 | - | €45,742 | +€45,742 | |
| Plant, machinery and equipment | 23 | - | €45,742 | +€45,742 | |
| Current assets | 29/58 | €424,367 | €478,035 | +€53,668 | +12.6% |
| Stocks and contracts in progress | 3 | €289,123 | €271,314 | -€17,809 | -6.2% |
| Stocks | 30/36 | €289,123 | €271,314 | -€17,809 | -6.2% |
| Amounts receivable within one year | 40/41 | €85,175 | €167,136 | +€81,961 | +96.2% |
| Trade receivables | 40 | €20,025 | €104,136 | +€84,111 | +420.0% |
| Other amounts receivable | 41 | €65,150 | €63,000 | -€2,150 | -3.3% |
| Cash at bank and in hand | 54/58 | €50,069 | €39,585 | -€10,484 | -20.9% |
| Total equity and liabilities | 10/49 | €424,367 | €523,777 | +€99,410 | +23.4% |
| Equity | 10/15 | -€120,647 | -€109,409 | +€11,237 | +9.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,647 | -€112,409 | +€11,237 | +9.1% |
| Amounts payable | 17/49 | €545,014 | €633,186 | +€88,172 | +16.2% |
| Amounts payable within one year | 42/48 | €545,014 | €623,186 | +€78,172 | +14.3% |
| Trade debts | 44 | €12,789 | €43,586 | +€30,797 | +240.8% |
| Suppliers | 440/4 | €12,789 | €43,586 | +€30,797 | +240.8% |
| Advances received on contracts in progress | 46 | €42,225 | €84,384 | +€42,159 | +99.8% |
| Taxes, remuneration and social security | 45 | - | €5,216 | +€5,216 | |
| Taxes | 450/3 | - | €5,216 | +€5,216 | |
| Other amounts payable | 47/48 | €490,000 | €490,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,933 | +€6,933 | |
| Other operating charges | 640/8 | €661 | €440 | -€221 | -33.4% |
| Gross operating margin | 9900 | -€72,079 | €39,086 | +€111,165 | |
| Operating profit (loss) | 9901 | -€72,739 | €31,712 | +€104,452 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €20,465 | €20,475 | +€10 | +0.1% |
| Recurring financial charges | 65 | €20,465 | €20,475 | +€10 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€93,204 | €11,237 | +€104,442 | |
| Profit (loss) for the period | 9904 | -€93,204 | €11,237 | +€104,442 | |
| Profit (loss) for the period to be appropriated | 9905 | -€93,204 | €11,237 | +€104,442 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.