DR STALENS: 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 STALENS
Largest movements
- Receivables within one year +€78,711
up €78,711 (+982.1%), from €8,015 to €86,726
of which Trade receivables: +€64,259
- Deferred charges and accrued income -€27,263
down €27,263 (-33.1%), from €82,332 to €55,069
- Tangible fixed assets -€17,398
down €17,398 (-2.3%), from €762,389 to €744,992
of which Plant, machinery and equipment: -€22,428
- Cash +€10,686
up €10,686 (+474.7%), from €2,251 to €12,937
mainly Depreciation (+€51,653) and Debts after one year (+€31,812)
- Debts after one year +€31,812
up €31,812 (+34.4%), from €92,454 to €124,265
- Reserves +€12,395
up €12,395 (+2.5%), from €497,923 to €510,319
of which Distributable reserves: +€12,395
- Gross operating margin -€110,171
down €110,171 (-38.1%), from €289,383 to €179,213
- Taxes -€37,450
down €37,450 (-82.2%), from €45,582 to €8,131
- Financial charges +€21,253
up €21,253 (+30.6%), from €69,512 to €90,765
- Staff costs -€9,267
down €9,267 (-96.6%), from €9,596 to €330
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 | €855,149 | €899,887 | +€44,737 | +5.2% |
| Fixed assets | 21/28 | €762,513 | €745,116 | -€17,398 | -2.3% |
| Tangible fixed assets | 22/27 | €762,389 | €744,992 | -€17,398 | -2.3% |
| Land and buildings | 22 | €580,668 | €574,120 | -€6,549 | -1.1% |
| Plant, machinery and equipment | 23 | €112,811 | €90,383 | -€22,428 | -19.9% |
| Furniture and vehicles | 24 | €9,763 | €23,171 | +€13,408 | +137.3% |
| Other tangible fixed assets | 26 | €59,147 | €57,318 | -€1,829 | -3.1% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €92,636 | €154,771 | +€62,135 | +67.1% |
| Amounts receivable within one year | 40/41 | €8,015 | €86,726 | +€78,711 | +982.1% |
| Trade receivables | 40 | - | €64,259 | +€64,259 | |
| Other amounts receivable | 41 | €8,015 | €22,467 | +€14,453 | +180.3% |
| Current investments | 50/53 | €39 | €39 | -€0 | -1.2% |
| Cash at bank and in hand | 54/58 | €2,251 | €12,937 | +€10,686 | +474.7% |
| Deferred charges and accrued income | 490/1 | €82,332 | €55,069 | -€27,263 | -33.1% |
| Total equity and liabilities | 10/49 | €855,149 | €899,887 | +€44,737 | +5.2% |
| Equity | 10/15 | €504,128 | €516,524 | +€12,395 | +2.5% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €497,923 | €510,319 | +€12,395 | +2.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €496,063 | €508,459 | +€12,395 | +2.5% |
| Provisions and deferred taxes | 16 | €65,415 | €70,987 | +€5,571 | +8.5% |
| Provisions for liabilities and charges | 160/5 | €65,415 | €70,987 | +€5,571 | +8.5% |
| Taxes | 161 | €65,415 | €70,987 | +€5,571 | +8.5% |
| Amounts payable | 17/49 | €285,606 | €312,376 | +€26,770 | +9.4% |
| Amounts payable after more than one year | 17 | €92,454 | €124,265 | +€31,812 | +34.4% |
| Financial debts | 170/4 | €92,454 | €124,265 | +€31,812 | +34.4% |
| Amounts payable within one year | 42/48 | €187,652 | €178,047 | -€9,605 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €22,164 | €28,368 | +€6,204 | +28.0% |
| Financial debts | 43 | €71,310 | €72,623 | +€1,313 | +1.8% |
| Credit institutions | 430/8 | €71,310 | €72,623 | +€1,313 | +1.8% |
| Trade debts | 44 | €10,386 | €8,434 | -€1,952 | -18.8% |
| Suppliers | 440/4 | €10,386 | €8,434 | -€1,952 | -18.8% |
| Taxes, remuneration and social security | 45 | €32,306 | €23,381 | -€8,925 | -27.6% |
| Taxes | 450/3 | €31,831 | €23,381 | -€8,450 | -26.5% |
| Remuneration and social security | 454/9 | €475 | - | -€475 | |
| Other amounts payable | 47/48 | €51,487 | €45,242 | -€6,245 | -12.1% |
| Accrued charges and deferred income | 492/3 | €5,500 | €10,064 | +€4,564 | +83.0% |
| Remuneration, social security and pensions | 62 | €9,596 | €330 | -€9,267 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,177 | €51,653 | +€1,475 | +2.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €8,052 | €5,571 | -€2,480 | -30.8% |
| Other operating charges | 640/8 | €8,112 | €10,413 | +€2,302 | +28.4% |
| Gross operating margin | 9900 | €289,383 | €179,213 | -€110,171 | -38.1% |
| Operating profit (loss) | 9901 | €213,447 | €111,246 | -€102,201 | -47.9% |
| Financial income | 75/76B | €4 | €45 | +€42 | +1199.1% |
| Recurring financial income | 75 | €4 | €45 | +€42 | +1199.1% |
| Financial charges | 65/66B | €69,512 | €90,765 | +€21,253 | +30.6% |
| Recurring financial charges | 65 | €69,512 | €90,765 | +€21,253 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €143,938 | €20,527 | -€123,412 | -85.7% |
| Income taxes | 67/77 | €45,582 | €8,131 | -€37,450 | -82.2% |
| Profit (loss) for the period | 9904 | €98,357 | €12,395 | -€85,961 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €98,357 | €12,395 | -€85,961 | -87.4% |
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 10 October 2026 via checked.be.