DE STOFFEERDER: 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.
DE STOFFEERDER
Largest movements
- Tangible fixed assets -€88,951
down €88,951 (-9.1%), from €972,247 to €883,296
- Cash -€26,512
down €26,512 (-60.6%), from €43,784 to €17,272
mainly Short-term financial debts (-€84,803) and Debts after one year (-€82,895)
- Receivables within one year +€20,476
up €20,476 (+12.4%), from €165,685 to €186,161
of which Trade receivables: +€35,193
- Stocks and contracts -€15,403
down €15,403 (-10.7%), from €143,401 to €127,998
- Short-term financial debts -€84,803
down €84,803 (-91.2%), from €93,001 to €8,199
- Debts after one year -€82,895
down €82,895 (-10.7%), from €774,483 to €691,587
- Profit (loss) carried forward +€34,502
no longer reported in 2025 (was -€34,502)
- Gross operating margin +€115,800
up €115,800 (+17.9%), from €646,431 to €762,232
- Staff costs -€47,677
down €47,677 (-8.7%), from €549,950 to €502,273
- Depreciation +€29,205
up €29,205 (+33.3%), from €87,698 to €116,904
- Taxes +€9,925
new in 2025: €9,925
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 | €1,338,530 | €1,228,136 | -€110,394 | -8.2% |
| Fixed assets | 21/28 | €972,247 | €883,296 | -€88,951 | -9.1% |
| Tangible fixed assets | 22/27 | €972,247 | €883,296 | -€88,951 | -9.1% |
| Land and buildings | 22 | €593,420 | €564,733 | -€28,686 | -4.8% |
| Plant, machinery and equipment | 23 | €148,443 | €137,107 | -€11,336 | -7.6% |
| Furniture and vehicles | 24 | €25,545 | €17,490 | -€8,055 | -31.5% |
| Leasing and similar rights | 25 | €193,397 | €157,832 | -€35,565 | -18.4% |
| Other tangible fixed assets | 26 | €11,443 | €6,134 | -€5,309 | -46.4% |
| Current assets | 29/58 | €366,283 | €344,840 | -€21,443 | -5.9% |
| Stocks and contracts in progress | 3 | €143,401 | €127,998 | -€15,403 | -10.7% |
| Stocks | 30/36 | €143,401 | €127,998 | -€15,403 | -10.7% |
| Amounts receivable within one year | 40/41 | €165,685 | €186,161 | +€20,476 | +12.4% |
| Trade receivables | 40 | €150,602 | €185,795 | +€35,193 | +23.4% |
| Other amounts receivable | 41 | €15,083 | €366 | -€14,717 | -97.6% |
| Cash at bank and in hand | 54/58 | €43,784 | €17,272 | -€26,512 | -60.6% |
| Deferred charges and accrued income | 490/1 | €13,412 | €13,408 | -€4 | 0.0% |
| Total equity and liabilities | 10/49 | €1,338,530 | €1,228,136 | -€110,394 | -8.2% |
| Equity | 10/15 | €179,892 | €220,025 | +€40,133 | +22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €195,794 | €201,425 | +€5,631 | +2.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €198 | €198 | = | 0.0% |
| Distributable reserves | 133 | €193,736 | €199,367 | +€5,631 | +2.9% |
| Profit (loss) carried forward | 14 | -€34,502 | - | +€34,502 | |
| Amounts payable | 17/49 | €1,158,637 | €1,008,111 | -€150,527 | -13.0% |
| Amounts payable after more than one year | 17 | €774,483 | €691,587 | -€82,895 | -10.7% |
| Financial debts | 170/4 | €774,483 | €691,587 | -€82,895 | -10.7% |
| Amounts payable within one year | 42/48 | €384,155 | €316,524 | -€67,631 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €89,611 | €89,424 | -€187 | -0.2% |
| Financial debts | 43 | €93,001 | €8,199 | -€84,803 | -91.2% |
| Credit institutions | 430/8 | €93,001 | €8,199 | -€84,803 | -91.2% |
| Trade debts | 44 | €108,321 | €111,467 | +€3,146 | +2.9% |
| Suppliers | 440/4 | €108,321 | €111,467 | +€3,146 | +2.9% |
| Advances received on contracts in progress | 46 | €19,334 | €12,397 | -€6,937 | -35.9% |
| Taxes, remuneration and social security | 45 | €44,788 | €52,680 | +€7,891 | +17.6% |
| Taxes | 450/3 | €96 | €9,925 | +€9,829 | +10,195% |
| Remuneration and social security | 454/9 | €44,692 | €42,754 | -€1,938 | -4.3% |
| Other amounts payable | 47/48 | €29,100 | €42,357 | +€13,257 | +45.6% |
| Remuneration, social security and pensions | 62 | €549,950 | €502,273 | -€47,677 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,698 | €116,904 | +€29,205 | +33.3% |
| Other operating charges | 640/8 | €5,735 | €6,502 | +€767 | +13.4% |
| Gross operating margin | 9900 | €646,431 | €762,232 | +€115,800 | +17.9% |
| Operating profit (loss) | 9901 | €3,048 | €136,553 | +€133,505 | +4,380% |
| Financial income | 75/76B | €1,646 | - | -€1,646 | |
| Recurring financial income | 75 | €1,646 | - | -€1,646 | |
| Financial charges | 65/66B | €39,196 | €44,131 | +€4,935 | +12.6% |
| Recurring financial charges | 65 | €39,196 | €44,131 | +€4,935 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | -€34,502 | €92,422 | +€126,923 | |
| Income taxes | 67/77 | - | €9,925 | +€9,925 | |
| Profit (loss) for the period | 9904 | -€34,502 | €82,496 | +€116,998 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,502 | €82,496 | +€116,998 |
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 25 October 2026 via checked.be.