De Stoverie: 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 Stoverie
Largest movements
- Cash +€83,468
up €83,468 (+347%), from €24,076 to €107,544
mainly Current investments (+€40,000) and Trade debts (+€13,967)
- Current investments -€40,000
no longer reported in 2025 (was €40,000)
- Receivables within one year -€13,677
down €13,677 (-72.2%), from €18,951 to €5,274
of which Trade receivables: -€9,321
- Intangible fixed assets -€4,000
down €4,000 (-57.2%), from €6,991 to €2,991
- Tangible fixed assets -€3,062
down €3,062 (-24.4%), from €12,557 to €9,496
of which Leasing and similar rights: -€3,196
- Trade debts +€13,967
up €13,967 (+122%), from €11,490 to €25,458
- Reserves +€7,738
up €7,738 (+6.9%), from €111,448 to €119,186
- Current portion of long-term debt -€3,604
down €3,604 (-100%), from €3,604 to €0
- Other debts +€2,516
up €2,516 (+15.5%), from €16,191 to €18,706
- Gross operating margin -€23,632
down €23,632 (-50.2%), from €47,098 to €23,466
- Taxes -€6,099
down €6,099 (-65.9%), from €9,249 to €3,150
- Financial income +€926
up €926 (+353%), from €262 to €1,188
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 | €146,733 | €168,249 | +€21,517 | +14.7% |
| Fixed assets | 21/28 | €19,548 | €12,486 | -€7,062 | -36.1% |
| Intangible fixed assets | 21 | €6,991 | €2,991 | -€4,000 | -57.2% |
| Tangible fixed assets | 22/27 | €12,557 | €9,496 | -€3,062 | -24.4% |
| Plant, machinery and equipment | 23 | €1,651 | €994 | -€656 | -39.8% |
| Furniture and vehicles | 24 | €7,711 | €8,501 | +€790 | +10.2% |
| Leasing and similar rights | 25 | €3,196 | €0 | -€3,196 | -100% |
| Current assets | 29/58 | €127,185 | €155,763 | +€28,578 | +22.5% |
| Stocks and contracts in progress | 3 | €43,182 | €41,931 | -€1,251 | -2.9% |
| Stocks | 30/36 | €43,182 | €41,931 | -€1,251 | -2.9% |
| Amounts receivable within one year | 40/41 | €18,951 | €5,274 | -€13,677 | -72.2% |
| Trade receivables | 40 | €10,894 | €1,573 | -€9,321 | -85.6% |
| Other amounts receivable | 41 | €8,057 | €3,702 | -€4,356 | -54.1% |
| Current investments | 50/53 | €40,000 | - | -€40,000 | |
| Cash at bank and in hand | 54/58 | €24,076 | €107,544 | +€83,468 | +347% |
| Deferred charges and accrued income | 490/1 | €976 | €1,013 | +€38 | +3.9% |
| Total equity and liabilities | 10/49 | €146,733 | €168,249 | +€21,517 | +14.7% |
| Equity | 10/15 | €115,448 | €123,186 | +€7,738 | +6.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €111,448 | €119,186 | +€7,738 | +6.9% |
| Distributable reserves | 133 | €111,448 | €119,186 | +€7,738 | +6.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €31,285 | €45,063 | +€13,778 | +44.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €31,285 | €45,063 | +€13,778 | +44.0% |
| Current portion of amounts payable after more than one year | 42 | €3,604 | €0 | -€3,604 | -100% |
| Financial debts | 43 | - | €650 | +€650 | |
| Credit institutions | 430/8 | - | €650 | +€650 | |
| Trade debts | 44 | €11,490 | €25,458 | +€13,967 | +122% |
| Suppliers | 440/4 | €11,490 | €25,458 | +€13,967 | +122% |
| Taxes, remuneration and social security | 45 | €0 | €249 | +€249 | |
| Taxes | 450/3 | €0 | €249 | +€249 | |
| Other amounts payable | 47/48 | €16,191 | €18,706 | +€2,516 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,386 | €11,461 | +€75 | +0.7% |
| Other operating charges | 640/8 | €913 | €1,197 | +€284 | +31.1% |
| Gross operating margin | 9900 | €47,098 | €23,466 | -€23,632 | -50.2% |
| Operating profit (loss) | 9901 | €34,800 | €10,808 | -€23,992 | -68.9% |
| Financial income | 75/76B | €262 | €1,188 | +€926 | +353% |
| Recurring financial income | 75 | €262 | €1,188 | +€926 | +353% |
| Financial charges | 65/66B | €1,500 | €1,108 | -€392 | -26.1% |
| Recurring financial charges | 65 | €1,500 | €1,108 | -€392 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €33,562 | €10,888 | -€22,674 | -67.6% |
| Income taxes | 67/77 | €9,249 | €3,150 | -€6,099 | -65.9% |
| Profit (loss) for the period | 9904 | €24,313 | €7,738 | -€16,575 | -68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,313 | €7,738 | -€16,575 | -68.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.