DE STORMVOGEL: 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 STORMVOGEL
Largest movements
- Receivables after one year -€150,000
down €150,000 (-7.7%), from €1.9m to €1.8m
- Receivables within one year +€90,492
up €90,492 (+48.8%), from €185,331 to €275,823
of which Other amounts receivable: +€111,402
- Cash +€39,001
up €39,001 (+57,279%), from €68 to €39,069
mainly Receivables after one year (+€150,000) and Other debts (+€69,040)
- Other debts +€69,040
up €69,040, from €0 to €69,040
- Debts after one year -€54,205
down €54,205 (-3.7%), from €1.5m to €1.4m
- Trade debts -€53,972
down €53,972 (-94.8%), from €56,922 to €2,950
- Accrued charges and deferred income +€45,841
new in 2025: €45,841
- Financial income -€32,157
down €32,157 (-47.9%), from €67,065 to €34,907
- Financial charges -€14,486
down €14,486 (-29.8%), from €48,621 to €34,135
- Other operating charges +€6,119
up €6,119 (+910%), from €672 to €6,791
- Gross operating margin +€4,814
up €4,814, from -€1,789 to €3,025
- Depreciation +€2,734
up €2,734 (+84.6%), from €3,230 to €5,964
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 | €2,629,816 | €2,620,481 | -€9,336 | -0.4% |
| Fixed assets | 21/28 | €507,612 | €518,783 | +€11,171 | +2.2% |
| Tangible fixed assets | 22/27 | €507,612 | €518,783 | +€11,171 | +2.2% |
| Land and buildings | 22 | €125,656 | €139,618 | +€13,962 | +11.1% |
| Furniture and vehicles | 24 | €10,439 | €7,648 | -€2,791 | -26.7% |
| Assets under construction and advance payments | 27 | €371,517 | €371,517 | = | 0.0% |
| Current assets | 29/58 | €2,122,205 | €2,101,698 | -€20,507 | -1.0% |
| Amounts receivable after more than one year | 29 | €1,936,806 | €1,786,806 | -€150,000 | -7.7% |
| Other amounts receivable | 291 | €1,936,806 | €1,786,806 | -€150,000 | -7.7% |
| Amounts receivable within one year | 40/41 | €185,331 | €275,823 | +€90,492 | +48.8% |
| Trade receivables | 40 | €29,054 | €8,144 | -€20,910 | -72.0% |
| Other amounts receivable | 41 | €156,277 | €267,679 | +€111,402 | +71.3% |
| Cash at bank and in hand | 54/58 | €68 | €39,069 | +€39,001 | +57,279% |
| Total equity and liabilities | 10/49 | €2,629,816 | €2,620,481 | -€9,336 | -0.4% |
| Equity | 10/15 | €837,766 | €825,079 | -€12,687 | -1.5% |
| Contributions | 10/11 | €545,973 | €545,973 | = | 0.0% |
| Capital | 10 | €545,973 | €545,973 | = | 0.0% |
| Issued capital | 100 | €545,973 | €545,973 | = | 0.0% |
| Revaluation surpluses | 12 | €442,603 | €442,603 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€272,708 | -€277,737 | -€5,029 | -1.8% |
| Investment grants | 15 | €121,897 | €114,240 | -€7,657 | -6.3% |
| Provisions and deferred taxes | 16 | €62,519 | €58,591 | -€3,927 | -6.3% |
| Deferred taxes | 168 | €62,519 | €58,591 | -€3,927 | -6.3% |
| Amounts payable | 17/49 | €1,729,532 | €1,736,810 | +€7,278 | +0.4% |
| Amounts payable after more than one year | 17 | €1,469,128 | €1,414,924 | -€54,205 | -3.7% |
| Financial debts | 170/4 | €1,469,128 | €1,414,924 | -€54,205 | -3.7% |
| Amounts payable within one year | 42/48 | €260,404 | €276,045 | +€15,642 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €51,497 | €54,056 | +€2,559 | +5.0% |
| Financial debts | 43 | €151,985 | €150,000 | -€1,985 | -1.3% |
| Credit institutions | 430/8 | €151,985 | €150,000 | -€1,985 | -1.3% |
| Trade debts | 44 | €56,922 | €2,950 | -€53,972 | -94.8% |
| Suppliers | 440/4 | €56,922 | €2,950 | -€53,972 | -94.8% |
| Other amounts payable | 47/48 | €0 | €69,040 | +€69,040 | |
| Accrued charges and deferred income | 492/3 | - | €45,841 | +€45,841 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,230 | €5,964 | +€2,734 | +84.6% |
| Other operating charges | 640/8 | €672 | €6,791 | +€6,119 | +910% |
| Gross operating margin | 9900 | -€1,789 | €3,025 | +€4,814 | |
| Operating profit (loss) | 9901 | -€5,692 | -€9,730 | -€4,038 | -70.9% |
| Financial income | 75/76B | €67,065 | €34,907 | -€32,157 | -47.9% |
| Recurring financial income | 75 | €67,065 | €34,907 | -€32,157 | -47.9% |
| Financial charges | 65/66B | €48,621 | €34,135 | -€14,486 | -29.8% |
| Recurring financial charges | 65 | €48,621 | €34,135 | -€14,486 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €12,752 | -€8,957 | -€21,709 | |
| Transfer from deferred taxes | 780 | €7,855 | €3,927 | -€3,927 | -50.0% |
| Profit (loss) for the period | 9904 | €20,607 | -€5,029 | -€25,636 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,607 | -€5,029 | -€25,636 |
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.