Stahr: 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.
Stahr
Largest movements
- Cash +€21,698
up €21,698 (+128%), from €16,893 to €38,591
mainly Net result for the year (+€20,056) and Trade debts (+€4,372)
- Receivables within one year +€3,388
up €3,388 (+41.0%), from €8,258 to €11,646
- Tangible fixed assets +€662
up €662 (+34.3%), from €1,931 to €2,593
- Deferred charges and accrued income -€615
down €615 (-32.7%), from €1,880 to €1,265
- Profit (loss) carried forward +€20,056
up €20,056 (+118%), from €17,002 to €37,058
- Trade debts +€4,372
up €4,372 (+431%), from €1,015 to €5,387
- Tax, wage and social debts +€655
up €655 (+7.8%), from €8,445 to €9,100
- Gross operating margin +€7,364
up €7,364 (+33.2%), from €22,162 to €29,526
- Financial charges +€1,752
up €1,752 (+313%), from €559 to €2,311
- Taxes +€1,245
up €1,245 (+28.4%), from €4,378 to €5,623
- Depreciation +€1,130
up €1,130 (+509%), from €222 to €1,353
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 | €28,962 | €54,095 | +€25,133 | +86.8% |
| Fixed assets | 21/28 | €1,931 | €2,593 | +€662 | +34.3% |
| Tangible fixed assets | 22/27 | €1,931 | €2,593 | +€662 | +34.3% |
| Plant, machinery and equipment | 23 | €1,931 | €2,593 | +€662 | +34.3% |
| Current assets | 29/58 | €27,031 | €51,502 | +€24,471 | +90.5% |
| Amounts receivable within one year | 40/41 | €8,258 | €11,646 | +€3,388 | +41.0% |
| Trade receivables | 40 | €8,258 | €11,646 | +€3,388 | +41.0% |
| Cash at bank and in hand | 54/58 | €16,893 | €38,591 | +€21,698 | +128% |
| Deferred charges and accrued income | 490/1 | €1,880 | €1,265 | -€615 | -32.7% |
| Total equity and liabilities | 10/49 | €28,962 | €54,095 | +€25,133 | +86.8% |
| Equity | 10/15 | €19,502 | €39,558 | +€20,056 | +103% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,002 | €37,058 | +€20,056 | +118% |
| Amounts payable | 17/49 | €9,460 | €14,537 | +€5,078 | +53.7% |
| Amounts payable within one year | 42/48 | €9,460 | €14,537 | +€5,078 | +53.7% |
| Trade debts | 44 | €1,015 | €5,387 | +€4,372 | +431% |
| Suppliers | 440/4 | €1,015 | €5,387 | +€4,372 | +431% |
| Taxes, remuneration and social security | 45 | €8,445 | €9,100 | +€655 | +7.8% |
| Taxes | 450/3 | €8,445 | €9,100 | +€655 | +7.8% |
| Other amounts payable | 47/48 | - | €50 | +€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €222 | €1,353 | +€1,130 | +509% |
| Other operating charges | 640/8 | - | €183 | +€183 | |
| Gross operating margin | 9900 | €22,162 | €29,526 | +€7,364 | +33.2% |
| Operating profit (loss) | 9901 | €21,940 | €27,990 | +€6,050 | +27.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €559 | €2,311 | +€1,752 | +313% |
| Recurring financial charges | 65 | €559 | €2,311 | +€1,752 | +313% |
| Profit (loss) for the period before taxes | 9903 | €21,380 | €25,679 | +€4,298 | +20.1% |
| Income taxes | 67/77 | €4,378 | €5,623 | +€1,245 | +28.4% |
| Profit (loss) for the period | 9904 | €17,002 | €20,056 | +€3,053 | +18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,002 | €20,056 | +€3,053 | +18.0% |
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 20 October 2026 via checked.be.