Stal Heifort: what changed
Stal Heifort
Largest movements
- Tangible fixed assets -€20,807
down €20,807 (-16.2%), from €128,117 to €107,310
of which Land and buildings: -€10,908
- Cash +€9,313
up €9,313 (+1,183%), from €787 to €10,100
mainly Other debts (+€24,673) and Depreciation (+€22,816)
- Receivables within one year -€6,922
down €6,922 (-79.1%), from €8,747 to €1,825
of which Other amounts receivable: -€4,617
- Stocks and contracts +€3,000
up €3,000 (+3.4%), from €88,000 to €91,000
- Profit (loss) carried forward -€37,773
down €37,773 (-28.6%), from -€132,151 to -€169,925
- Other debts +€24,673
up €24,673 (+7.4%), from €335,327 to €360,000
- Trade debts -€2,316
down €2,316 (-92.1%), from €2,515 to €200
- Gross operating margin -€10,179
down €10,179 (-240%), from -€4,239 to -€14,418
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,652 | €210,235 | -€15,417 | -6.8% |
| Fixed assets | 21/28 | €128,117 | €107,310 | -€20,807 | -16.2% |
| Tangible fixed assets | 22/27 | €128,117 | €107,310 | -€20,807 | -16.2% |
| Land and buildings | 22 | €89,411 | €78,503 | -€10,908 | -12.2% |
| Plant, machinery and equipment | 23 | €38,706 | €28,807 | -€9,899 | -25.6% |
| Current assets | 29/58 | €97,535 | €102,925 | +€5,391 | +5.5% |
| Stocks and contracts in progress | 3 | €88,000 | €91,000 | +€3,000 | +3.4% |
| Stocks | 30/36 | €88,000 | €91,000 | +€3,000 | +3.4% |
| Amounts receivable within one year | 40/41 | €8,747 | €1,825 | -€6,922 | -79.1% |
| Trade receivables | 40 | €4,130 | €1,825 | -€2,305 | -55.8% |
| Other amounts receivable | 41 | €4,617 | - | -€4,617 | |
| Cash at bank and in hand | 54/58 | €787 | €10,100 | +€9,313 | +1,183% |
| Total equity and liabilities | 10/49 | €225,652 | €210,235 | -€15,417 | -6.8% |
| Equity | 10/15 | -€112,191 | -€149,964 | -€37,773 | -33.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,360 | €1,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €405 | €405 | = | 0.0% |
| Distributable reserves | 133 | €956 | €956 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,151 | -€169,925 | -€37,773 | -28.6% |
| Amounts payable | 17/49 | €337,843 | €360,200 | +€22,357 | +6.6% |
| Amounts payable within one year | 42/48 | €337,843 | €360,200 | +€22,357 | +6.6% |
| Trade debts | 44 | €2,515 | €200 | -€2,316 | -92.1% |
| Suppliers | 440/4 | €2,515 | €200 | -€2,316 | -92.1% |
| Other amounts payable | 47/48 | €335,327 | €360,000 | +€24,673 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,922 | €22,816 | -€105 | -0.5% |
| Other operating charges | 640/8 | €491 | €494 | +€4 | +0.7% |
| Gross operating margin | 9900 | -€4,239 | -€14,418 | -€10,179 | -240% |
| Operating profit (loss) | 9901 | -€27,651 | -€37,729 | -€10,078 | -36.4% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.5% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.5% |
| Financial charges | 65/66B | €43 | €45 | +€2 | +4.1% |
| Recurring financial charges | 65 | €43 | €45 | +€2 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€27,690 | -€37,773 | -€10,083 | -36.4% |
| Profit (loss) for the period | 9904 | -€27,690 | -€37,773 | -€10,083 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,690 | -€37,773 | -€10,083 | -36.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.