STAL GRAVENHOF: 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.
STAL GRAVENHOF
Largest movements
- Tangible fixed assets +€28,051
up €28,051 (+7.1%), from €394,533 to €422,584
of which Furniture and vehicles: +€15,561
- Cash +€7,843
up €7,843 (+211%), from €3,713 to €11,556
mainly Other debts (+€34,315) and Depreciation (+€34,187)
- Other debts +€34,315
up €34,315 (+14.7%), from €233,471 to €267,787
- Profit (loss) carried forward +€23,914
up €23,914 (+53.1%), from -€45,032 to -€21,118
- Debts after one year -€23,696
down €23,696 (-14.4%), from €164,472 to €140,777
- Gross operating margin +€24,446
up €24,446 (+48.6%), from €50,315 to €74,761
- Depreciation +€6,802
up €6,802 (+24.8%), from €27,385 to €34,187
- Staff costs -€5,360
no longer reported in 2025 (was €5,360)
- Other operating charges +€2,129
up €2,129 (+22.4%), from €9,488 to €11,617
- Financial charges -€1,058
down €1,058 (-17.3%), from €6,101 to €5,044
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 | €404,287 | €440,050 | +€35,763 | +8.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €394,533 | €422,584 | +€28,051 | +7.1% |
| Tangible fixed assets | 22/27 | €394,533 | €422,584 | +€28,051 | +7.1% |
| Land and buildings | 22 | €370,885 | €375,609 | +€4,724 | +1.3% |
| Plant, machinery and equipment | 23 | €12,596 | €20,363 | +€7,766 | +61.7% |
| Furniture and vehicles | 24 | €11,051 | €26,612 | +€15,561 | +141% |
| Current assets | 29/58 | €9,754 | €17,467 | +€7,712 | +79.1% |
| Stocks and contracts in progress | 3 | €6,042 | €4,686 | -€1,356 | -22.4% |
| Stocks | 30/36 | €6,042 | €4,686 | -€1,356 | -22.4% |
| Amounts receivable within one year | 40/41 | - | €1,225 | +€1,225 | |
| Trade receivables | 40 | - | €1,200 | +€1,200 | |
| Other amounts receivable | 41 | - | €25 | +€25 | |
| Cash at bank and in hand | 54/58 | €3,713 | €11,556 | +€7,843 | +211% |
| Total equity and liabilities | 10/49 | €404,287 | €440,050 | +€35,763 | +8.8% |
| Equity | 10/15 | -€26,432 | -€2,518 | +€23,914 | +90.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,032 | -€21,118 | +€23,914 | +53.1% |
| Amounts payable | 17/49 | €430,719 | €442,568 | +€11,849 | +2.8% |
| Amounts payable after more than one year | 17 | €164,472 | €140,777 | -€23,696 | -14.4% |
| Financial debts | 170/4 | €164,472 | €140,777 | -€23,696 | -14.4% |
| Amounts payable within one year | 42/48 | €266,246 | €301,791 | +€35,545 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €23,493 | €23,684 | +€191 | +0.8% |
| Trade debts | 44 | €5,702 | €3,682 | -€2,020 | -35.4% |
| Suppliers | 440/4 | €5,702 | €3,682 | -€2,020 | -35.4% |
| Taxes, remuneration and social security | 45 | €3,581 | €6,639 | +€3,058 | +85.4% |
| Taxes | 450/3 | €3,177 | €6,639 | +€3,462 | +109% |
| Remuneration and social security | 454/9 | €404 | - | -€404 | |
| Other amounts payable | 47/48 | €233,471 | €267,787 | +€34,315 | +14.7% |
| Remuneration, social security and pensions | 62 | €5,360 | - | -€5,360 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,385 | €34,187 | +€6,802 | +24.8% |
| Other operating charges | 640/8 | €9,488 | €11,617 | +€2,129 | +22.4% |
| Gross operating margin | 9900 | €50,315 | €74,761 | +€24,446 | +48.6% |
| Operating profit (loss) | 9901 | €8,083 | €28,957 | +€20,875 | +258% |
| Financial charges | 65/66B | €6,101 | €5,044 | -€1,058 | -17.3% |
| Recurring financial charges | 65 | €6,101 | €5,044 | -€1,058 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €1,982 | €23,914 | +€21,932 | +1,107% |
| Profit (loss) for the period | 9904 | €1,982 | €23,914 | +€21,932 | +1,107% |
| Profit (loss) for the period to be appropriated | 9905 | €1,982 | €23,914 | +€21,932 | +1,107% |
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 1 November 2026 via checked.be.