Stal Hassing: 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 Hassing
Largest movements
- Receivables within one year +€33,605
up €33,605 (+74.2%), from €45,266 to €78,870
of which Trade receivables: +€17,756
- Profit (loss) carried forward +€22,660
up €22,660, from -€6,003 to €16,657
- Trade debts +€10,295
up €10,295 (+20.5%), from €50,221 to €60,516
- Debts after one year -€4,913
no longer reported in 2025 (was €4,913)
- Other debts +€3,979
up €3,979 (+9.4%), from €42,443 to €46,422
- Current portion of long-term debt -€3,509
down €3,509 (-41.7%), from €8,421 to €4,913
- Gross operating margin +€39,729
up €39,729 (+314%), from €12,636 to €52,365
- Taxes +€2,648
up €2,648, from -€4 to €2,644
- Staff costs +€1,851
up €1,851 (+17.1%), from €10,800 to €12,651
- Financial charges -€1,185
down €1,185 (-24.6%), from €4,820 to €3,634
- Depreciation -€1,141
down €1,141 (-9.5%), from €11,984 to €10,843
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €244,575 | €276,942 | +€32,368 | +13.2% |
| Fixed assets | 21/28 | €70,934 | €69,856 | -€1,078 | -1.5% |
| Tangible fixed assets | 22/27 | €69,007 | €67,929 | -€1,078 | -1.6% |
| Land and buildings | 22 | €36,295 | €39,542 | +€3,247 | +8.9% |
| Plant, machinery and equipment | 23 | €20,426 | €18,831 | -€1,595 | -7.8% |
| Furniture and vehicles | 24 | €2,697 | €1,147 | -€1,550 | -57.5% |
| Other tangible fixed assets | 26 | €9,590 | €8,409 | -€1,180 | -12.3% |
| Financial fixed assets | 28 | €1,927 | €1,927 | = | 0.0% |
| Current assets | 29/58 | €173,641 | €207,087 | +€33,446 | +19.3% |
| Stocks and contracts in progress | 3 | €126,002 | €125,503 | -€499 | -0.4% |
| Stocks | 30/36 | €126,002 | €125,503 | -€499 | -0.4% |
| Amounts receivable within one year | 40/41 | €45,266 | €78,870 | +€33,605 | +74.2% |
| Trade receivables | 40 | €6,282 | €24,038 | +€17,756 | +283% |
| Other amounts receivable | 41 | €38,984 | €54,833 | +€15,849 | +40.7% |
| Deferred charges and accrued income | 490/1 | €2,374 | €2,714 | +€340 | +14.3% |
| Total equity and liabilities | 10/49 | €244,575 | €276,942 | +€32,368 | +13.2% |
| Equity | 10/15 | €113,631 | €136,291 | +€22,660 | +19.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €99,634 | €99,634 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €97,634 | €97,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,003 | €16,657 | +€22,660 | |
| Amounts payable | 17/49 | €130,943 | €140,651 | +€9,708 | +7.4% |
| Amounts payable after more than one year | 17 | €4,913 | - | -€4,913 | |
| Financial debts | 170/4 | €4,913 | - | -€4,913 | |
| Amounts payable within one year | 42/48 | €126,031 | €140,651 | +€14,621 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €8,421 | €4,913 | -€3,509 | -41.7% |
| Financial debts | 43 | €22,628 | €24,898 | +€2,270 | +10.0% |
| Credit institutions | 430/8 | €22,628 | €24,898 | +€2,270 | +10.0% |
| Trade debts | 44 | €50,221 | €60,516 | +€10,295 | +20.5% |
| Suppliers | 440/4 | €50,221 | €60,516 | +€10,295 | +20.5% |
| Taxes, remuneration and social security | 45 | €2,318 | €3,903 | +€1,585 | +68.4% |
| Taxes | 450/3 | €1,100 | €2,700 | +€1,600 | +145% |
| Remuneration and social security | 454/9 | €1,218 | €1,203 | -€15 | -1.2% |
| Other amounts payable | 47/48 | €42,443 | €46,422 | +€3,979 | +9.4% |
| Non-recurring operating income | 76A | €250 | €32,197 | +€31,947 | +12,779% |
| Remuneration, social security and pensions | 62 | €10,800 | €12,651 | +€1,851 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,984 | €10,843 | -€1,141 | -9.5% |
| Other operating charges | 640/8 | €1,796 | €2,354 | +€558 | +31.1% |
| Gross operating margin | 9900 | €12,636 | €52,365 | +€39,729 | +314% |
| Operating profit (loss) | 9901 | -€11,944 | €26,517 | +€38,461 | |
| Financial income | 75/76B | €1,572 | €2,421 | +€849 | +54.0% |
| Recurring financial income | 75 | €1,572 | €2,421 | +€849 | +54.0% |
| Financial charges | 65/66B | €4,820 | €3,634 | -€1,185 | -24.6% |
| Recurring financial charges | 65 | €4,820 | €3,634 | -€1,185 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,192 | €25,304 | +€40,495 | |
| Income taxes | 67/77 | -€4 | €2,644 | +€2,648 | |
| Profit (loss) for the period | 9904 | -€15,188 | €22,660 | +€37,848 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,188 | €22,660 | +€37,848 |
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 30 October 2026 via checked.be.