RT-STAL: what changed
Two fiscal 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.
What changed
RT-STAL
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€107,437
2023 · €266,392-€158,955
Equity
€581,416
2023 · €473,980+€107,437
Cash
€12,268
2023 · €3,402+€8,866
Balance sheet total
€1.1m
2023 · €1.1m+€59,576
Largest movements
Assets
- Receivables within one year +€108,489
up €108,489 (+874.3%), from €12,408 to €120,897
of which Other amounts receivable: +€107,934
- Stocks and contracts -€32,861
down €32,861 (-54.4%), from €60,410 to €27,549
- Receivables after one year -€16,500
down €16,500 (-3.2%), from €518,875 to €502,375
Equity and liabilities
- Profit (loss) carried forward +€107,437
new in 2024: €107,437
- Short-term financial debts -€49,275
no longer reported in 2024 (was €49,275)
- Trade debts +€42,783
new in 2024: €42,783
- Debts after one year -€30,550
down €30,550 (-7.9%), from €386,825 to €356,275
Income statement
- Gross operating margin -€185,160
down €185,160 (-40.3%), from €458,979 to €273,820
- Taxes -€47,303
down €47,303 (-53.3%), from €88,797 to €41,495
- Staff costs +€17,349
up €17,349 (+30.7%), from €56,578 to €73,927
- Other operating charges +€7,716
up €7,716 (+680.9%), from €1,133 to €8,849
From the 2023 result to the 2024 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.
Result 2023
€266,392
Gross operating margin
-€185,160
Staff costs
-€17,349
Depreciation
-€509
Other operating charges
-€7,716
Other operating items
+€3,282
Financial charges
+€1,194
Taxes
+€47,303
Result 2024
€107,437
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€110,327
Investment
-€21,022
Financing
-€80,439
Cash 2023
€3,402
From operations (derived)
+€110,327
Net result for the year
+€107,437
Depreciation
+€29,440
Receivables after one year
+€16,500
Stocks and contracts
+€32,861
Receivables within one year
-€108,489
Trade debts
+€42,783
Tax, wage and social debts
-€10,205
Investment (derived)
-€21,022
Investment in fixed assets (net)
-€21,022
Financing
-€80,439
Debts after one year
-€30,550
Current portion of long-term debt
-€614
Short-term financial debts
-€49,275
Cash 2024
€12,268
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,077,967 | €1,137,543 | +€59,576 | +5.5% |
| Formation expenses | 20 | €1,180 | €1,180 | = | 0.0% |
| Fixed assets | 21/28 | €481,692 | €473,273 | -€8,418 | -1.7% |
| Tangible fixed assets | 22/27 | €481,263 | €472,845 | -€8,418 | -1.7% |
| Land and buildings | 22 | €473,363 | €447,113 | -€26,250 | -5.5% |
| Plant, machinery and equipment | 23 | €741 | €15,508 | +€14,767 | +1992.4% |
| Furniture and vehicles | 24 | - | €4,127 | +€4,127 | |
| Other tangible fixed assets | 26 | €7,159 | €6,096 | -€1,062 | -14.8% |
| Financial fixed assets | 28 | €429 | €429 | = | 0.0% |
| Current assets | 29/58 | €595,095 | €663,089 | +€67,994 | +11.4% |
| Amounts receivable after more than one year | 29 | €518,875 | €502,375 | -€16,500 | -3.2% |
| Other amounts receivable | 291 | €518,875 | €502,375 | -€16,500 | -3.2% |
| Stocks and contracts in progress | 3 | €60,410 | €27,549 | -€32,861 | -54.4% |
| Stocks | 30/36 | €60,410 | €27,549 | -€32,861 | -54.4% |
| Amounts receivable within one year | 40/41 | €12,408 | €120,897 | +€108,489 | +874.3% |
| Trade receivables | 40 | - | €555 | +€555 | |
| Other amounts receivable | 41 | €12,408 | €120,342 | +€107,934 | +869.9% |
| Cash at bank and in hand | 54/58 | €3,402 | €12,268 | +€8,866 | +260.6% |
| Total equity and liabilities | 10/49 | €1,077,967 | €1,137,543 | +€59,576 | +5.5% |
| Equity | 10/15 | €473,980 | €581,416 | +€107,437 | +22.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €467,780 | €467,780 | = | 0.0% |
| Non-distributable reserves | 130/1 | €55 | €55 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €55 | +€55 | |
| Other | 1319 | €55 | - | -€55 | |
| Distributable reserves | 133 | €467,725 | €467,725 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €107,437 | +€107,437 | |
| Amounts payable | 17/49 | €603,987 | €556,126 | -€47,861 | -7.9% |
| Amounts payable after more than one year | 17 | €386,825 | €356,275 | -€30,550 | -7.9% |
| Financial debts | 170/4 | €386,825 | €356,275 | -€30,550 | -7.9% |
| Amounts payable within one year | 42/48 | €217,163 | €199,852 | -€17,311 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €33,549 | €32,934 | -€614 | -1.8% |
| Financial debts | 43 | €49,275 | - | -€49,275 | |
| Credit institutions | 430/8 | €49,275 | - | -€49,275 | |
| Trade debts | 44 | - | €42,783 | +€42,783 | |
| Suppliers | 440/4 | - | €42,783 | +€42,783 | |
| Taxes, remuneration and social security | 45 | €134,339 | €124,135 | -€10,205 | -7.6% |
| Taxes | 450/3 | €124,158 | €106,130 | -€18,028 | -14.5% |
| Remuneration and social security | 454/9 | €10,181 | €18,004 | +€7,823 | +76.8% |
| Remuneration, social security and pensions | 62 | €56,578 | €73,927 | +€17,349 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,931 | €29,440 | +€509 | +1.8% |
| Other operating charges | 640/8 | €1,133 | €8,849 | +€7,716 | +680.9% |
| Non-recurring operating charges | 66A | €3,282 | - | -€3,282 | |
| Gross operating margin | 9900 | €458,979 | €273,820 | -€185,160 | -40.3% |
| Operating profit (loss) | 9901 | €369,055 | €161,603 | -€207,452 | -56.2% |
| Financial charges | 65/66B | €13,866 | €12,672 | -€1,194 | -8.6% |
| Recurring financial charges | 65 | €13,866 | €12,672 | -€1,194 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €355,189 | €148,932 | -€206,258 | -58.1% |
| Income taxes | 67/77 | €88,797 | €41,495 | -€47,303 | -53.3% |
| Profit (loss) for the period | 9904 | €266,392 | €107,437 | -€158,955 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €266,392 | €107,437 | -€158,955 | -59.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.