HELMUT STALLAERTS: what changed
HELMUT STALLAERTS
Largest movements
- Cash +€19,882
up €19,882 (+87.8%), from €22,656 to €42,538
mainly Net result for the year (+€13,958) and Receivables within one year (+€6,981)
- Receivables within one year -€6,981
down €6,981 (-22.2%), from €31,491 to €24,511
of which Trade receivables: -€6,876
- Profit (loss) carried forward +€13,958
up €13,958 (+42.9%), from €32,502 to €46,460
- Trade debts -€1,097
down €1,097 (-68.9%), from €1,594 to €496
- Gross operating margin +€1,161
up €1,161 (+8.8%), from €13,254 to €14,414
- Other operating charges -€425
down €425 (-51.5%), from €825 to €400
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,188 | €67,048 | +€12,861 | +23.7% |
| Current assets | 29/58 | €54,188 | €67,048 | +€12,861 | +23.7% |
| Amounts receivable within one year | 40/41 | €31,491 | €24,511 | -€6,981 | -22.2% |
| Trade receivables | 40 | €30,857 | €23,982 | -€6,876 | -22.3% |
| Other amounts receivable | 41 | €634 | €529 | -€105 | -16.5% |
| Cash at bank and in hand | 54/58 | €22,656 | €42,538 | +€19,882 | +87.8% |
| Deferred charges and accrued income | 490/1 | €40 | - | -€40 | |
| Total equity and liabilities | 10/49 | €54,188 | €67,048 | +€12,861 | +23.7% |
| Equity | 10/15 | €52,562 | €66,520 | +€13,958 | +26.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,860 | €13,860 | = | 0.0% |
| 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 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,502 | €46,460 | +€13,958 | +42.9% |
| Amounts payable | 17/49 | €1,626 | €529 | -€1,097 | -67.5% |
| Amounts payable within one year | 42/48 | €1,626 | €496 | -€1,130 | -69.5% |
| Trade debts | 44 | €1,594 | €496 | -€1,097 | -68.9% |
| Suppliers | 440/4 | €1,594 | €496 | -€1,097 | -68.9% |
| Taxes, remuneration and social security | 45 | €32 | - | -€32 | |
| Taxes | 450/3 | €32 | - | -€32 | |
| Accrued charges and deferred income | 492/3 | - | €33 | +€33 | |
| Non-recurring operating income | 76A | €1,041 | - | -€1,041 | |
| Other operating charges | 640/8 | €825 | €400 | -€425 | -51.5% |
| Gross operating margin | 9900 | €13,254 | €14,414 | +€1,161 | +8.8% |
| Operating profit (loss) | 9901 | €12,429 | €14,015 | +€1,586 | +12.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €45 | €57 | +€12 | +26.7% |
| Recurring financial charges | 65 | €45 | €57 | +€12 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €12,384 | €13,958 | +€1,574 | +12.7% |
| Income taxes | 67/77 | €32 | - | -€32 | |
| Profit (loss) for the period | 9904 | €12,352 | €13,958 | +€1,606 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,352 | €13,958 | +€1,606 | +13.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.