Stal J&L: 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 J&L
Largest movements
- Tangible fixed assets +€139,600
up €139,600 (+56.1%), from €248,957 to €388,557
of which Land and buildings: +€125,547
- Receivables within one year -€26,445
down €26,445 (-97.5%), from €27,122 to €677
of which Trade receivables: -€25,155
- Debts after one year +€105,169
up €105,169 (+515%), from €20,429 to €125,598
- Accrued charges and deferred income -€26,303
down €26,303 (-96.9%), from €27,143 to €840
- Profit (loss) carried forward +€25,879
up €25,879 (+417%), from €6,200 to €32,079
- Current portion of long-term debt +€13,415
up €13,415 (+140%), from €9,583 to €22,998
- Other debts -€5,952
down €5,952 (-1.9%), from €309,112 to €303,160
- Gross operating margin +€14,302
up €14,302 (+26.8%), from €53,404 to €67,706
- Depreciation +€7,604
up €7,604 (+32.1%), from €23,680 to €31,285
- Financial charges +€2,304
up €2,304 (+46.1%), from €4,997 to €7,302
- Other operating charges +€699
up €699 (+79.8%), from €876 to €1,575
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 | €437,351 | €548,988 | +€111,637 | +25.5% |
| Fixed assets | 21/28 | €248,957 | €388,557 | +€139,600 | +56.1% |
| Tangible fixed assets | 22/27 | €248,957 | €388,557 | +€139,600 | +56.1% |
| Land and buildings | 22 | €234,385 | €359,932 | +€125,547 | +53.6% |
| Plant, machinery and equipment | 23 | €6,978 | €2,309 | -€4,669 | -66.9% |
| Furniture and vehicles | 24 | €7,594 | €26,316 | +€18,722 | +247% |
| Current assets | 29/58 | €188,394 | €160,431 | -€27,963 | -14.8% |
| Stocks and contracts in progress | 3 | €148,206 | €144,481 | -€3,724 | -2.5% |
| Stocks | 30/36 | €148,206 | €144,481 | -€3,724 | -2.5% |
| Amounts receivable within one year | 40/41 | €27,122 | €677 | -€26,445 | -97.5% |
| Trade receivables | 40 | €25,602 | €447 | -€25,155 | -98.3% |
| Other amounts receivable | 41 | €1,520 | €230 | -€1,290 | -84.9% |
| Cash at bank and in hand | 54/58 | €12,602 | €12,558 | -€45 | -0.4% |
| Deferred charges and accrued income | 490/1 | €465 | €2,715 | +€2,250 | +484% |
| Total equity and liabilities | 10/49 | €437,351 | €548,988 | +€111,637 | +25.5% |
| Equity | 10/15 | €9,200 | €35,079 | +€25,879 | +281% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,200 | €32,079 | +€25,879 | +417% |
| Amounts payable | 17/49 | €428,151 | €513,909 | +€85,758 | +20.0% |
| Amounts payable after more than one year | 17 | €20,429 | €125,598 | +€105,169 | +515% |
| Financial debts | 170/4 | €20,429 | €125,598 | +€105,169 | +515% |
| Amounts payable within one year | 42/48 | €380,579 | €387,471 | +€6,892 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €9,583 | €22,998 | +€13,415 | +140% |
| Financial debts | 43 | €24,820 | €25,000 | +€180 | +0.7% |
| Credit institutions | 430/8 | €24,820 | €25,000 | +€180 | +0.7% |
| Trade debts | 44 | €36,319 | €33,913 | -€2,405 | -6.6% |
| Suppliers | 440/4 | €36,319 | €33,913 | -€2,405 | -6.6% |
| Taxes, remuneration and social security | 45 | €746 | €2,400 | +€1,654 | +222% |
| Taxes | 450/3 | €746 | €2,400 | +€1,654 | +222% |
| Other amounts payable | 47/48 | €309,112 | €303,160 | -€5,952 | -1.9% |
| Accrued charges and deferred income | 492/3 | €27,143 | €840 | -€26,303 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,680 | €31,285 | +€7,604 | +32.1% |
| Other operating charges | 640/8 | €876 | €1,575 | +€699 | +79.8% |
| Gross operating margin | 9900 | €53,404 | €67,706 | +€14,302 | +26.8% |
| Operating profit (loss) | 9901 | €28,848 | €34,846 | +€5,998 | +20.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €4,997 | €7,302 | +€2,304 | +46.1% |
| Recurring financial charges | 65 | €4,997 | €7,302 | +€2,304 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | €23,851 | €27,545 | +€3,694 | +15.5% |
| Profit (loss) for the period | 9904 | €23,851 | €27,545 | +€3,694 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,851 | €27,545 | +€3,694 | +15.5% |
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 26 October 2026 via checked.be.