STAALGAERD: 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.
STAALGAERD
Largest movements
- Financial fixed assets +€3.6m
new in 2025: €3.6m
- Debts after one year +€3.4m
new in 2025: €3.4m
- Current portion of long-term debt +€185,000
new in 2025: €185,000
- Gross operating margin -€6,000
down €6,000, from €5,936 to -€64
- Turnover -€6,000
no longer reported in 2025 (was €6,000)
- Taxes -€1,108
no longer reported in 2025 (was €1,108)
- Other operating charges +€120
up €120 (+31.2%), from €384 to €504
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 | €9,088 | €3,639,559 | +€3.6m | +39949.6% |
| Fixed assets | 21/28 | - | €3,632,500 | +€3.6m | |
| Financial fixed assets | 28 | - | €3,632,500 | +€3.6m | |
| Current assets | 29/58 | €9,088 | €7,059 | -€2,029 | -22.3% |
| Amounts receivable within one year | 40/41 | €1,815 | - | -€1,815 | |
| Trade receivables | 40 | €1,815 | - | -€1,815 | |
| Cash at bank and in hand | 54/58 | €7,273 | €7,059 | -€214 | -2.9% |
| Total equity and liabilities | 10/49 | €9,088 | €3,639,559 | +€3.6m | +39949.6% |
| Equity | 10/15 | €7,670 | €7,059 | -€612 | -8.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,670 | €4,059 | -€612 | -13.1% |
| Non-distributable reserves | 130/1 | €4,670 | - | -€4,670 | |
| Other | 1319 | €4,670 | - | -€4,670 | |
| Distributable reserves | 133 | - | €4,059 | +€4,059 | |
| Amounts payable | 17/49 | €1,417 | €3,632,500 | +€3.6m | +256226.1% |
| Amounts payable after more than one year | 17 | - | €3,447,500 | +€3.4m | |
| Financial debts | 170/4 | - | €3,447,500 | +€3.4m | |
| Amounts payable within one year | 42/48 | €1,417 | €185,000 | +€183,583 | +12954.5% |
| Current portion of amounts payable after more than one year | 42 | - | €185,000 | +€185,000 | |
| Taxes, remuneration and social security | 45 | €1,417 | - | -€1,417 | |
| Taxes | 450/3 | €1,417 | - | -€1,417 | |
| Turnover | 70 | €6,000 | - | -€6,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €64 | €64 | +€0 | +0.3% |
| Other operating charges | 640/8 | €384 | €504 | +€120 | +31.2% |
| Gross operating margin | 9900 | €5,936 | -€64 | -€6,000 | |
| Operating profit (loss) | 9901 | €5,552 | -€568 | -€6,120 | |
| Financial charges | 65/66B | €26 | €44 | +€17 | +65.7% |
| Recurring financial charges | 65 | €26 | €44 | +€17 | +65.7% |
| Profit (loss) for the period before taxes | 9903 | €5,526 | -€612 | -€6,137 | |
| Income taxes | 67/77 | €1,108 | - | -€1,108 | |
| Profit (loss) for the period | 9904 | €4,418 | -€612 | -€5,029 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,418 | -€612 | -€5,029 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.