ANDREAS STIHL: 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.
What changed
ANDREAS STIHL
NACE 46.620, Wholesale of machine tools
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€10.4m
2024 · €8.8m+€1.6m
Equity
€10.7m
2024 · €10.3m+€432,844
Cash
-
not filed
Balance sheet total
€43.8m
2024 · €47.2m-€3.4m
Largest movements
Assets
- Receivables within one year -€8.1m
down €8.1m (-24.4%), from €33.3m to €25.1m
of which Other amounts receivable: -€6.5m
- Stocks and contracts +€4.9m
up €4.9m (+44.0%), from €11.0m to €15.9m
Equity and liabilities
- Trade debts -€3.4m
down €3.4m (-16.0%), from €21.3m to €17.9m
Income statement
- Goods and materials +€7.0m
up €7.0m (+5.3%), from €132.8m to €139.8m
of which Purchases: +€16.6m
- Turnover +€6.9m
up €6.9m (+3.9%), from €176.8m to €183.7m
- Services and other goods -€2.3m
down €2.3m (-11.0%), from €20.5m to €18.3m
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.
Result 2024
€8.8m
Turnover
+€6.9m
Other operating income
+€249,303
Goods and materials
-€7.0m
Services and other goods
+€2.3m
Staff costs
-€272,796
Depreciation
+€49,305
Write-downs
-€557,185
Provisions
+€459,850
Other operating charges
-€3,947
Other operating items
-€86,208
Financial income
+€182,355
Financial charges
-€259,715
Taxes
-€231,650
Result 2025
€10.4m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,181,439 | €43,826,805 | -€3.4m | -7.1% |
| Fixed assets | 21/28 | €2,836,607 | €2,711,021 | -€125,586 | -4.4% |
| Tangible fixed assets | 22/27 | €2,718,372 | €2,593,311 | -€125,061 | -4.6% |
| Land and buildings | 22 | €2,234,866 | €2,233,774 | -€1,092 | 0.0% |
| Plant, machinery and equipment | 23 | €294,805 | €233,715 | -€61,090 | -20.7% |
| Furniture and vehicles | 24 | €188,701 | €125,822 | -€62,879 | -33.3% |
| Financial fixed assets | 28 | €118,235 | €117,710 | -€525 | -0.4% |
| Other financial fixed assets | 284/8 | €118,235 | €117,710 | -€525 | -0.4% |
| Amounts receivable and cash guarantees | 285/8 | €118,235 | €117,710 | -€525 | -0.4% |
| Current assets | 29/58 | €44,344,832 | €41,115,784 | -€3.2m | -7.3% |
| Stocks and contracts in progress | 3 | €11,017,806 | €15,869,435 | +€4.9m | +44.0% |
| Stocks | 30/36 | €11,017,806 | €15,869,435 | +€4.9m | +44.0% |
| Goods purchased for resale | 34 | €11,017,806 | €15,869,435 | +€4.9m | +44.0% |
| Amounts receivable within one year | 40/41 | €33,260,021 | €25,134,667 | -€8.1m | -24.4% |
| Trade receivables | 40 | €8,033,268 | €6,390,433 | -€1.6m | -20.5% |
| Other amounts receivable | 41 | €25,226,753 | €18,744,234 | -€6.5m | -25.7% |
| Deferred charges and accrued income | 490/1 | €67,005 | €111,682 | +€44,677 | +66.7% |
| Total equity and liabilities | 10/49 | €47,181,439 | €43,826,805 | -€3.4m | -7.1% |
| Equity | 10/15 | €10,288,731 | €10,721,575 | +€432,844 | +4.2% |
| Contributions | 10/11 | €2,232,000 | €2,232,000 | = | 0.0% |
| Capital | 10 | €2,232,000 | €2,232,000 | = | 0.0% |
| Issued capital | 100 | €2,232,000 | €2,232,000 | = | 0.0% |
| Reserves | 13 | €1,073,200 | €1,073,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €223,200 | €223,200 | = | 0.0% |
| Legal reserve | 130 | €223,200 | €223,200 | = | 0.0% |
| Distributable reserves | 133 | €850,000 | €850,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,983,531 | €7,416,375 | +€432,844 | +6.2% |
| Provisions and deferred taxes | 16 | €2,994,544 | €2,824,616 | -€169,928 | -5.7% |
| Provisions for liabilities and charges | 160/5 | €2,994,544 | €2,824,616 | -€169,928 | -5.7% |
| Pensions and similar obligations | 160 | €30,328 | €36,709 | +€6,381 | +21.0% |
| Other liabilities and charges | 164/5 | €2,964,216 | €2,787,907 | -€176,309 | -5.9% |
| Amounts payable | 17/49 | €33,898,164 | €30,280,614 | -€3.6m | -10.7% |
| Amounts payable within one year | 42/48 | €33,897,930 | €30,280,614 | -€3.6m | -10.7% |
| Financial debts | 43 | - | €9,801 | +€9,801 | |
| Credit institutions | 430/8 | - | €9,801 | +€9,801 | |
| Trade debts | 44 | €21,294,370 | €17,885,999 | -€3.4m | -16.0% |
| Suppliers | 440/4 | €21,294,370 | €17,885,999 | -€3.4m | -16.0% |
| Taxes, remuneration and social security | 45 | €2,603,560 | €2,384,814 | -€218,746 | -8.4% |
| Taxes | 450/3 | €936,604 | €840,109 | -€96,495 | -10.3% |
| Remuneration and social security | 454/9 | €1,666,956 | €1,544,705 | -€122,251 | -7.3% |
| Other amounts payable | 47/48 | €10,000,000 | €10,000,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €234 | - | -€234 | |
| Operating income | 70/76A | €178,517,043 | €185,566,918 | +€7.0m | +3.9% |
| Turnover | 70 | €176,778,945 | €183,658,151 | +€6.9m | +3.9% |
| Other operating income | 74 | €1,609,248 | €1,858,551 | +€249,303 | +15.5% |
| Non-recurring operating income | 76A | €128,850 | €50,216 | -€78,634 | -61.0% |
| Operating charges | 60/66A | €166,152,111 | €171,268,533 | +€5.1m | +3.1% |
| Goods for resale, raw materials and consumables | 60 | €132,773,569 | €139,810,138 | +€7.0m | +5.3% |
| Purchases | 600/8 | €128,141,475 | €144,747,180 | +€16.6m | +13.0% |
| Change in stocks: decrease (increase) | 609 | €4,632,094 | -€4,937,042 | -€9.6m | |
| Services and other goods | 61 | €20,530,670 | €18,278,176 | -€2.3m | -11.0% |
| Remuneration, social security and pensions | 62 | €8,516,762 | €8,789,558 | +€272,796 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €368,395 | €319,090 | -€49,305 | -13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€127,892 | €429,293 | +€557,185 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €265,516 | -€194,334 | -€459,850 | |
| Other operating charges | 640/8 | €3,815,921 | €3,819,868 | +€3,947 | +0.1% |
| Non-recurring operating charges | 66A | €9,170 | €16,744 | +€7,574 | +82.6% |
| Operating profit (loss) | 9901 | €12,364,932 | €14,298,385 | +€1.9m | +15.6% |
| Financial income | 75/76B | €1,026,790 | €1,209,145 | +€182,355 | +17.8% |
| Recurring financial income | 75 | €1,026,790 | €1,209,145 | +€182,355 | +17.8% |
| Income from current assets | 751 | €832,255 | €656,744 | -€175,511 | -21.1% |
| Other financial income | 752/9 | €194,535 | €552,401 | +€357,866 | +184% |
| Financial charges | 65/66B | €1,238,598 | €1,498,313 | +€259,715 | +21.0% |
| Recurring financial charges | 65 | €1,238,598 | €1,498,313 | +€259,715 | +21.0% |
| Debt charges | 650 | €14,257 | €0 | -€14,257 | -100% |
| Other financial charges | 652/9 | €1,224,341 | €1,498,313 | +€273,972 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €12,153,124 | €14,009,217 | +€1.9m | +15.3% |
| Income taxes | 67/77 | €3,344,723 | €3,576,373 | +€231,650 | +6.9% |
| Taxes | 670/3 | €3,344,725 | €3,605,777 | +€261,052 | +7.8% |
| Tax adjustments and reversals of tax provisions | 77 | €2 | €29,404 | +€29,402 | +1,470,100% |
| Profit (loss) for the period | 9904 | €8,808,401 | €10,432,844 | +€1.6m | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,808,401 | €10,432,844 | +€1.6m | +18.4% |
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 20 October 2026 via checked.be.