LA STALLA: 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.
LA STALLA
Largest movements
- Tangible fixed assets -€80,250
down €80,250 (-11.1%), from €722,507 to €642,257
of which Land and buildings: -€55,671
- Cash -€65,428
down €65,428 (-57.6%), from €113,688 to €48,260
mainly Debts after one year (-€115,937) and Tax, wage and social debts (-€35,436)
- Receivables within one year +€27,616
up €27,616 (+632%), from €4,372 to €31,988
of which Other amounts receivable: +€18,586
- Debts after one year -€115,937
down €115,937 (-26.1%), from €444,729 to €328,791
- Tax, wage and social debts -€35,436
down €35,436 (-53.9%), from €65,762 to €30,326
of which Taxes: -€41,119
- Other debts +€25,849
up €25,849 (+776%), from €3,332 to €29,181
- Gross operating margin -€128,386
down €128,386 (-36.0%), from €356,818 to €228,433
- Taxes -€30,603
down €30,603 (-88.7%), from €34,490 to €3,887
- Other operating charges -€11,767
down €11,767 (-47.5%), from €24,794 to €13,027
- Staff costs -€3,679
down €3,679 (-3.3%), from €112,289 to €108,610
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 | €857,319 | €739,728 | -€117,591 | -13.7% |
| Fixed assets | 21/28 | €723,028 | €642,777 | -€80,250 | -11.1% |
| Tangible fixed assets | 22/27 | €722,507 | €642,257 | -€80,250 | -11.1% |
| Land and buildings | 22 | €577,670 | €521,999 | -€55,671 | -9.6% |
| Plant, machinery and equipment | 23 | €39,007 | €33,353 | -€5,654 | -14.5% |
| Furniture and vehicles | 24 | €24,400 | €24,266 | -€134 | -0.5% |
| Leasing and similar rights | 25 | €81,430 | €62,639 | -€18,792 | -23.1% |
| Financial fixed assets | 28 | €521 | €521 | = | 0.0% |
| Current assets | 29/58 | €134,292 | €96,951 | -€37,341 | -27.8% |
| Stocks and contracts in progress | 3 | €8,836 | €8,058 | -€779 | -8.8% |
| Stocks | 30/36 | €8,836 | €8,058 | -€779 | -8.8% |
| Amounts receivable within one year | 40/41 | €4,372 | €31,988 | +€27,616 | +632% |
| Trade receivables | 40 | €1,641 | €10,671 | +€9,030 | +550% |
| Other amounts receivable | 41 | €2,731 | €21,317 | +€18,586 | +680% |
| Cash at bank and in hand | 54/58 | €113,688 | €48,260 | -€65,428 | -57.6% |
| Deferred charges and accrued income | 490/1 | €7,396 | €8,646 | +€1,250 | +16.9% |
| Total equity and liabilities | 10/49 | €857,319 | €739,728 | -€117,591 | -13.7% |
| Equity | 10/15 | €196,251 | €194,263 | -€1,989 | -1.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €190,054 | €188,065 | -€1,989 | -1.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €190,054 | €188,065 | -€1,989 | -1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €661,068 | €545,465 | -€115,603 | -17.5% |
| Amounts payable after more than one year | 17 | €444,729 | €328,791 | -€115,937 | -26.1% |
| Financial debts | 170/4 | €444,729 | €328,791 | -€115,937 | -26.1% |
| Amounts payable within one year | 42/48 | €215,952 | €216,674 | +€722 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €113,485 | €120,417 | +€6,932 | +6.1% |
| Trade debts | 44 | €32,013 | €36,421 | +€4,408 | +13.8% |
| Suppliers | 440/4 | €32,013 | €36,421 | +€4,408 | +13.8% |
| Advances received on contracts in progress | 46 | €1,361 | €330 | -€1,031 | -75.7% |
| Taxes, remuneration and social security | 45 | €65,762 | €30,326 | -€35,436 | -53.9% |
| Taxes | 450/3 | €63,078 | €21,958 | -€41,119 | -65.2% |
| Remuneration and social security | 454/9 | €2,684 | €8,368 | +€5,684 | +212% |
| Other amounts payable | 47/48 | €3,332 | €29,181 | +€25,849 | +776% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Non-recurring operating income | 76A | €12,596 | €2,593 | -€10,002 | -79.4% |
| Remuneration, social security and pensions | 62 | €112,289 | €108,610 | -€3,679 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,778 | €90,128 | +€351 | +0.4% |
| Other operating charges | 640/8 | €24,794 | €13,027 | -€11,767 | -47.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €356,818 | €228,433 | -€128,386 | -36.0% |
| Operating profit (loss) | 9901 | €129,958 | €16,668 | -€113,291 | -87.2% |
| Financial income | 75/76B | €627 | €624 | -€3 | -0.5% |
| Recurring financial income | 75 | €627 | €624 | -€3 | -0.5% |
| Financial charges | 65/66B | €14,931 | €12,061 | -€2,870 | -19.2% |
| Recurring financial charges | 65 | €14,931 | €12,061 | -€2,870 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €115,654 | €5,230 | -€110,424 | -95.5% |
| Income taxes | 67/77 | €34,490 | €3,887 | -€30,603 | -88.7% |
| Profit (loss) for the period | 9904 | €81,164 | €1,343 | -€79,821 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €81,164 | €1,343 | -€79,821 | -98.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.