Dr. L. Stofferis: 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.
Dr. L. Stofferis
Largest movements
- Current investments +€279,261
new in 2025: €279,261
- Cash -€103,666
down €103,666 (-38.6%), from €268,296 to €164,629
mainly Current investments (-€279,261) and Other debts (-€24,160)
- Deferred charges and accrued income +€8,623
up €8,623 (+219%), from €3,933 to €12,556
- Receivables within one year +€8,403
up €8,403 (+7.3%), from €115,162 to €123,565
of which Other amounts receivable: +€22,007
- Reserves +€210,580
up €210,580 (+114%), from €185,084 to €395,664
- Other debts -€24,160
no longer reported in 2025 (was €24,160)
- Tax, wage and social debts +€20,829
up €20,829 (+47.5%), from €43,850 to €64,679
- Debts after one year -€18,544
down €18,544 (-14.1%), from €131,063 to €112,519
- Accrued charges and deferred income +€6,500
up €6,500 (+472%), from €1,378 to €7,878
- Gross operating margin +€93,505
up €93,505 (+50.9%), from €183,645 to €277,151
- Taxes +€23,618
up €23,618 (+56.1%), from €42,078 to €65,696
- Financial income +€5,561
up €5,561 (+3,553%), from €157 to €5,718
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 | €391,057 | €585,315 | +€194,258 | +49.7% |
| Fixed assets | 21/28 | €3,667 | €5,304 | +€1,637 | +44.6% |
| Tangible fixed assets | 22/27 | €3,667 | €5,304 | +€1,637 | +44.6% |
| Plant, machinery and equipment | 23 | €2,967 | €2,622 | -€346 | -11.6% |
| Furniture and vehicles | 24 | €699 | €2,682 | +€1,983 | +283% |
| Current assets | 29/58 | €387,390 | €580,011 | +€192,621 | +49.7% |
| Amounts receivable within one year | 40/41 | €115,162 | €123,565 | +€8,403 | +7.3% |
| Trade receivables | 40 | €103,162 | €89,558 | -€13,604 | -13.2% |
| Other amounts receivable | 41 | €12,000 | €34,007 | +€22,007 | +183% |
| Current investments | 50/53 | - | €279,261 | +€279,261 | |
| Cash at bank and in hand | 54/58 | €268,296 | €164,629 | -€103,666 | -38.6% |
| Deferred charges and accrued income | 490/1 | €3,933 | €12,556 | +€8,623 | +219% |
| Total equity and liabilities | 10/49 | €391,057 | €585,315 | +€194,258 | +49.7% |
| Equity | 10/15 | €186,584 | €397,164 | +€210,580 | +113% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €185,084 | €395,664 | +€210,580 | +114% |
| Distributable reserves | 133 | €185,084 | €395,664 | +€210,580 | +114% |
| Amounts payable | 17/49 | €204,473 | €188,151 | -€16,322 | -8.0% |
| Amounts payable after more than one year | 17 | €131,063 | €112,519 | -€18,544 | -14.1% |
| Financial debts | 170/4 | €131,063 | €112,519 | -€18,544 | -14.1% |
| Amounts payable within one year | 42/48 | €72,032 | €67,755 | -€4,278 | -5.9% |
| Trade debts | 44 | €4,023 | €3,076 | -€947 | -23.5% |
| Suppliers | 440/4 | €4,023 | €3,076 | -€947 | -23.5% |
| Taxes, remuneration and social security | 45 | €43,850 | €64,679 | +€20,829 | +47.5% |
| Taxes | 450/3 | €43,850 | €64,679 | +€20,829 | +47.5% |
| Other amounts payable | 47/48 | €24,160 | - | -€24,160 | |
| Accrued charges and deferred income | 492/3 | €1,378 | €7,878 | +€6,500 | +472% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €838 | €1,309 | +€470 | +56.1% |
| Other operating charges | 640/8 | €115 | €652 | +€537 | +467% |
| Gross operating margin | 9900 | €183,645 | €277,151 | +€93,505 | +50.9% |
| Operating profit (loss) | 9901 | €182,692 | €275,190 | +€92,498 | +50.6% |
| Financial income | 75/76B | €157 | €5,718 | +€5,561 | +3,553% |
| Recurring financial income | 75 | €157 | €5,718 | +€5,561 | +3,553% |
| Financial charges | 65/66B | €4,002 | €4,631 | +€630 | +15.7% |
| Recurring financial charges | 65 | €4,002 | €4,631 | +€630 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €178,847 | €276,276 | +€97,429 | +54.5% |
| Income taxes | 67/77 | €42,078 | €65,696 | +€23,618 | +56.1% |
| Profit (loss) for the period | 9904 | €136,769 | €210,580 | +€73,811 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €136,769 | €210,580 | +€73,811 | +54.0% |
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 28 October 2026 via checked.be.