DE STAL: 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.
DE STAL
Largest movements
- Receivables within one year -€49,513
down €49,513 (-98.2%), from €50,414 to €901
of which Other amounts receivable: -€45,642
- Tangible fixed assets -€30,672
down €30,672 (-17.0%), from €180,931 to €150,260
of which Furniture and vehicles: -€18,468
- Cash +€9,235
up €9,235 (+7.0%), from €131,522 to €140,756
mainly Receivables within one year (+€49,513) and Depreciation (+€37,744)
- Debts after one year -€35,292
down €35,292 (-24.4%), from €144,393 to €109,101
- Other debts -€34,510
down €34,510 (-34.9%), from €98,900 to €64,390
- Tax, wage and social debts -€5,240
down €5,240 (-21.7%), from €24,122 to €18,882
of which Taxes: -€5,841
- Trade debts -€4,812
down €4,812 (-33.9%), from €14,209 to €9,397
- Profit (loss) carried forward +€4,749
up €4,749 (+62.9%), from €7,546 to €12,295
- Gross operating margin +€9,493
up €9,493 (+5.1%), from €185,579 to €195,072
- Staff costs +€7,658
up €7,658 (+5.8%), from €132,166 to €139,824
- Depreciation +€3,194
up €3,194 (+9.2%), from €34,550 to €37,744
- Taxes +€2,345
up €2,345 (+133.7%), from €1,753 to €4,099
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 | €370,376 | €296,463 | -€73,912 | -20.0% |
| Fixed assets | 21/28 | €180,931 | €150,260 | -€30,672 | -17.0% |
| Tangible fixed assets | 22/27 | €180,931 | €150,260 | -€30,672 | -17.0% |
| Land and buildings | 22 | €90,360 | €76,021 | -€14,339 | -15.9% |
| Plant, machinery and equipment | 23 | €15,280 | €17,416 | +€2,136 | +14.0% |
| Furniture and vehicles | 24 | €75,291 | €56,823 | -€18,468 | -24.5% |
| Current assets | 29/58 | €189,444 | €146,204 | -€43,240 | -22.8% |
| Stocks and contracts in progress | 3 | €4,724 | €1,959 | -€2,765 | -58.5% |
| Stocks | 30/36 | €4,724 | €1,959 | -€2,765 | -58.5% |
| Amounts receivable within one year | 40/41 | €50,414 | €901 | -€49,513 | -98.2% |
| Trade receivables | 40 | €3,871 | €0 | -€3,871 | -100.0% |
| Other amounts receivable | 41 | €46,543 | €901 | -€45,642 | -98.1% |
| Cash at bank and in hand | 54/58 | €131,522 | €140,756 | +€9,235 | +7.0% |
| Deferred charges and accrued income | 490/1 | €2,784 | €2,587 | -€197 | -7.1% |
| Total equity and liabilities | 10/49 | €370,376 | €296,463 | -€73,912 | -20.0% |
| Equity | 10/15 | €54,652 | €59,400 | +€4,749 | +8.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €28,514 | €28,514 | = | 0.0% |
| Distributable reserves | 133 | €28,514 | €28,514 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,546 | €12,295 | +€4,749 | +62.9% |
| Amounts payable | 17/49 | €315,724 | €237,063 | -€78,661 | -24.9% |
| Amounts payable after more than one year | 17 | €144,393 | €109,101 | -€35,292 | -24.4% |
| Financial debts | 170/4 | €144,393 | €109,101 | -€35,292 | -24.4% |
| Amounts payable within one year | 42/48 | €171,330 | €127,962 | -€43,369 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €34,099 | €35,292 | +€1,193 | +3.5% |
| Trade debts | 44 | €14,209 | €9,397 | -€4,812 | -33.9% |
| Suppliers | 440/4 | €14,209 | €9,397 | -€4,812 | -33.9% |
| Taxes, remuneration and social security | 45 | €24,122 | €18,882 | -€5,240 | -21.7% |
| Taxes | 450/3 | €17,379 | €11,538 | -€5,841 | -33.6% |
| Remuneration and social security | 454/9 | €6,743 | €7,344 | +€601 | +8.9% |
| Other amounts payable | 47/48 | €98,900 | €64,390 | -€34,510 | -34.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €8,000 | €0 | -€8,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €132,166 | €139,824 | +€7,658 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,550 | €37,744 | +€3,194 | +9.2% |
| Other operating charges | 640/8 | €3,070 | €3,114 | +€44 | +1.4% |
| Gross operating margin | 9900 | €185,579 | €195,072 | +€9,493 | +5.1% |
| Operating profit (loss) | 9901 | €15,792 | €14,390 | -€1,402 | -8.9% |
| Financial income | 75/76B | €62 | €16 | -€46 | -73.9% |
| Recurring financial income | 75 | €62 | €16 | -€46 | -73.9% |
| Financial charges | 65/66B | €6,554 | €5,559 | -€996 | -15.2% |
| Recurring financial charges | 65 | €6,554 | €5,559 | -€996 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €9,299 | €8,847 | -€452 | -4.9% |
| Income taxes | 67/77 | €1,753 | €4,099 | +€2,345 | +133.7% |
| Profit (loss) for the period | 9904 | €7,546 | €4,749 | -€2,797 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,546 | €4,749 | -€2,797 | -37.1% |
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 3 October 2026 via checked.be.