STAL JONCKHOEVE: 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.
What changed
STAL JONCKHOEVE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2,077
2024 · €1,247+€830
Equity
€28,331
2024 · €26,254+€2,077
Cash
€3,992
2024 · €7,780-€3,788
Balance sheet total
€400,051
2024 · €436,651-€36,600
Largest movements
Assets
- Stocks and contracts -€31,665
down €31,665 (-7.4%), from €425,203 to €393,538
Equity and liabilities
- Other debts -€20,488
down €20,488 (-5.5%), from €374,440 to €353,952
- Debts after one year -€14,659
down €14,659 (-92.2%), from €15,900 to €1,240
Income statement
- Staff costs -€399
no longer reported in 2025 (was €399)
- Taxes -€221
down €221 (-35.1%), from €630 to €409
- Gross operating margin +€192
up €192 (+3.7%), from €5,204 to €5,396
- Depreciation -€138
down €138 (-17.1%), from €810 to €672
- Other operating charges +€63
up €63 (+10.4%), from €611 to €674
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.
Result 2024
€1,247
Gross operating margin
+€192
Staff costs
+€399
Depreciation
+€138
Other operating charges
-€63
Financial income
-€1
Financial charges
-€55
Taxes
+€221
Result 2025
€2,077
raises the resultlowers the result
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.
From operations
+€10,432
Investment
€0
Financing
-€14,220
Cash 2024
€7,780
From operations (derived)
+€10,432
Net result for the year
+€2,077
Depreciation
+€672
Stocks and contracts
+€31,665
Receivables within one year
+€1,039
Deferred charges and accrued income
-€564
Trade debts
-€3,254
Tax, wage and social debts
-€611
Other debts
-€20,488
Accrued charges and deferred income
-€105
Financing
-€14,220
Debts after one year
-€14,659
Current portion of long-term debt
+€439
Cash 2025
€3,992
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €436,651 | €400,051 | -€36,600 | -8.4% |
| Fixed assets | 21/28 | €927 | €256 | -€672 | -72.4% |
| Tangible fixed assets | 22/27 | €927 | €256 | -€672 | -72.4% |
| Plant, machinery and equipment | 23 | €927 | €256 | -€672 | -72.4% |
| Current assets | 29/58 | €435,724 | €399,795 | -€35,929 | -8.2% |
| Stocks and contracts in progress | 3 | €425,203 | €393,538 | -€31,665 | -7.4% |
| Stocks | 30/36 | €425,203 | €393,538 | -€31,665 | -7.4% |
| Amounts receivable within one year | 40/41 | €1,368 | €328 | -€1,039 | -76.0% |
| Other amounts receivable | 41 | €1,368 | €328 | -€1,039 | -76.0% |
| Cash at bank and in hand | 54/58 | €7,780 | €3,992 | -€3,788 | -48.7% |
| Deferred charges and accrued income | 490/1 | €1,373 | €1,937 | +€564 | +41.1% |
| Total equity and liabilities | 10/49 | €436,651 | €400,051 | -€36,600 | -8.4% |
| Equity | 10/15 | €26,254 | €28,331 | +€2,077 | +7.9% |
| Contributions | 10/11 | €16,400 | €16,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,994 | €10,071 | +€2,077 | +26.0% |
| Amounts payable | 17/49 | €410,396 | €371,719 | -€38,677 | -9.4% |
| Amounts payable after more than one year | 17 | €15,900 | €1,240 | -€14,659 | -92.2% |
| Financial debts | 170/4 | €15,900 | €1,240 | -€14,659 | -92.2% |
| Amounts payable within one year | 42/48 | €394,392 | €370,479 | -€23,913 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €14,220 | €14,659 | +€439 | +3.1% |
| Trade debts | 44 | €4,082 | €828 | -€3,254 | -79.7% |
| Suppliers | 440/4 | €4,082 | €828 | -€3,254 | -79.7% |
| Taxes, remuneration and social security | 45 | €1,650 | €1,039 | -€611 | -37.0% |
| Taxes | 450/3 | €1,650 | €1,039 | -€611 | -37.0% |
| Other amounts payable | 47/48 | €374,440 | €353,952 | -€20,488 | -5.5% |
| Accrued charges and deferred income | 492/3 | €105 | - | -€105 | |
| Remuneration, social security and pensions | 62 | €399 | - | -€399 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €810 | €672 | -€138 | -17.1% |
| Other operating charges | 640/8 | €611 | €674 | +€63 | +10.4% |
| Gross operating margin | 9900 | €5,204 | €5,396 | +€192 | +3.7% |
| Operating profit (loss) | 9901 | €3,385 | €4,050 | +€665 | +19.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,509 | €1,564 | +€55 | +3.7% |
| Recurring financial charges | 65 | €1,509 | €1,564 | +€55 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €1,877 | €2,486 | +€609 | +32.5% |
| Income taxes | 67/77 | €630 | €409 | -€221 | -35.1% |
| Profit (loss) for the period | 9904 | €1,247 | €2,077 | +€830 | +66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,247 | €2,077 | +€830 | +66.6% |
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 29 October 2026 via checked.be.