STAL MOLENAERS: 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 MOLENAERS
Largest movements
- Receivables within one year -€50,565
down €50,565 (-65.8%), from €76,849 to €26,285
of which Other amounts receivable: -€29,849
- Tangible fixed assets -€15,084
down €15,084 (-7.9%), from €189,932 to €174,848
of which Land and buildings: -€14,476
- Stocks and contracts +€13,250
up €13,250 (+11.6%), from €114,045 to €127,295
- Cash +€9,465
up €9,465 (+108%), from €8,727 to €18,192
mainly Receivables within one year (+€50,565) and Depreciation (+€15,084)
- Other debts -€23,648
down €23,648 (-7.3%), from €325,496 to €301,849
- Trade debts -€8,697
down €8,697 (-71.3%), from €12,191 to €3,494
- Profit (loss) carried forward -€7,770
down €7,770 (-16.5%), from -€47,153 to -€54,923
- Accrued charges and deferred income -€6,053
down €6,053 (-99.6%), from €6,078 to €25
- Gross operating margin -€98,837
down €98,837 (-87.6%), from €112,882 to €14,044
- Other operating charges +€1,557
up €1,557 (+37.8%), from €4,120 to €5,677
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 | €399,419 | €353,159 | -€46,260 | -11.6% |
| Fixed assets | 21/28 | €190,024 | €174,940 | -€15,084 | -7.9% |
| Tangible fixed assets | 22/27 | €189,932 | €174,848 | -€15,084 | -7.9% |
| Land and buildings | 22 | €185,068 | €170,592 | -€14,476 | -7.8% |
| Plant, machinery and equipment | 23 | €2,364 | €1,756 | -€608 | -25.7% |
| Furniture and vehicles | 24 | €2,500 | €2,500 | = | 0.0% |
| Financial fixed assets | 28 | €92 | €92 | = | 0.0% |
| Current assets | 29/58 | €209,395 | €178,219 | -€31,176 | -14.9% |
| Stocks and contracts in progress | 3 | €114,045 | €127,295 | +€13,250 | +11.6% |
| Stocks | 30/36 | €114,045 | €127,295 | +€13,250 | +11.6% |
| Amounts receivable within one year | 40/41 | €76,849 | €26,285 | -€50,565 | -65.8% |
| Trade receivables | 40 | €22,242 | €1,526 | -€20,716 | -93.1% |
| Other amounts receivable | 41 | €54,608 | €24,759 | -€29,849 | -54.7% |
| Cash at bank and in hand | 54/58 | €8,727 | €18,192 | +€9,465 | +108% |
| Deferred charges and accrued income | 490/1 | €9,774 | €6,448 | -€3,326 | -34.0% |
| Total equity and liabilities | 10/49 | €399,419 | €353,159 | -€46,260 | -11.6% |
| Equity | 10/15 | €53,687 | €45,917 | -€7,770 | -14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,240 | €82,240 | = | 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% |
| Tax-exempt reserves | 132 | €78,848 | €78,848 | = | 0.0% |
| Distributable reserves | 133 | €1,532 | €1,532 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,153 | -€54,923 | -€7,770 | -16.5% |
| Amounts payable | 17/49 | €345,732 | €307,242 | -€38,490 | -11.1% |
| Amounts payable within one year | 42/48 | €339,654 | €307,217 | -€32,437 | -9.6% |
| Financial debts | 43 | €164 | €0 | -€164 | -100% |
| Credit institutions | 430/8 | €164 | €0 | -€164 | -100% |
| Trade debts | 44 | €12,191 | €3,494 | -€8,697 | -71.3% |
| Suppliers | 440/4 | €12,191 | €3,494 | -€8,697 | -71.3% |
| Taxes, remuneration and social security | 45 | €1,802 | €1,874 | +€72 | +4.0% |
| Taxes | 450/3 | €1,802 | €1,874 | +€72 | +4.0% |
| Other amounts payable | 47/48 | €325,496 | €301,849 | -€23,648 | -7.3% |
| Accrued charges and deferred income | 492/3 | €6,078 | €25 | -€6,053 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,079 | €15,084 | -€995 | -6.2% |
| Other operating charges | 640/8 | €4,120 | €5,677 | +€1,557 | +37.8% |
| Gross operating margin | 9900 | €112,882 | €14,044 | -€98,837 | -87.6% |
| Operating profit (loss) | 9901 | €92,683 | -€6,717 | -€99,400 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €520 | €532 | +€12 | +2.3% |
| Recurring financial charges | 65 | €520 | €532 | +€12 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €92,163 | -€7,249 | -€99,412 | |
| Income taxes | 67/77 | €507 | €521 | +€14 | +2.7% |
| Profit (loss) for the period | 9904 | €91,656 | -€7,770 | -€99,426 | |
| Profit (loss) for the period to be appropriated | 9905 | €91,656 | -€7,770 | -€99,426 |
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 31 October 2026 via checked.be.