Stal Spits: what changed
Two fiscal 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 Spits
Largest movements
- Deferred charges and accrued income -€25,864
down €25,864 (-95.8%), from €27,000 to €1,136
- Cash -€11,596
down €11,596 (-22.9%), from €50,705 to €39,109
mainly Trade debts (-€15,068) and Receivables within one year (-€11,470)
- Receivables within one year +€11,470
up €11,470 (+54.4%), from €21,095 to €32,566
of which Trade receivables: +€14,742
- Trade debts -€15,068
down €15,068 (-71.6%), from €21,038 to €5,970
- Profit (loss) carried forward -€7,824
down €7,824 (-9.2%), from -€84,768 to -€92,592
- Tax, wage and social debts -€3,999
down €3,999 (-59.4%), from €6,733 to €2,733
- Gross operating margin +€77,267
up €77,267 (+96.1%), from -€80,381 to -€3,113
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.
Cash bridge derived
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 | €270,559 | €242,801 | -€27,758 | -10.3% |
| Fixed assets | 21/28 | €10,414 | €8,346 | -€2,068 | -19.9% |
| Tangible fixed assets | 22/27 | €10,414 | €8,346 | -€2,068 | -19.9% |
| Plant, machinery and equipment | 23 | €3,081 | €3,013 | -€68 | -2.2% |
| Furniture and vehicles | 24 | €7,333 | €5,333 | -€2,000 | -27.3% |
| Current assets | 29/58 | €260,145 | €234,455 | -€25,690 | -9.9% |
| Stocks and contracts in progress | 3 | €161,345 | €161,645 | +€300 | +0.2% |
| Stocks | 30/36 | €161,345 | €161,645 | +€300 | +0.2% |
| Amounts receivable within one year | 40/41 | €21,095 | €32,566 | +€11,470 | +54.4% |
| Trade receivables | 40 | €17,722 | €32,464 | +€14,742 | +83.2% |
| Other amounts receivable | 41 | €3,374 | €102 | -€3,272 | -97.0% |
| Cash at bank and in hand | 54/58 | €50,705 | €39,109 | -€11,596 | -22.9% |
| Deferred charges and accrued income | 490/1 | €27,000 | €1,136 | -€25,864 | -95.8% |
| Total equity and liabilities | 10/49 | €270,559 | €242,801 | -€27,758 | -10.3% |
| Equity | 10/15 | -€81,768 | -€89,592 | -€7,824 | -9.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,768 | -€92,592 | -€7,824 | -9.2% |
| Amounts payable | 17/49 | €352,327 | €332,393 | -€19,935 | -5.7% |
| Amounts payable within one year | 42/48 | €352,327 | €332,393 | -€19,935 | -5.7% |
| Trade debts | 44 | €21,038 | €5,970 | -€15,068 | -71.6% |
| Suppliers | 440/4 | €21,038 | €5,970 | -€15,068 | -71.6% |
| Taxes, remuneration and social security | 45 | €6,733 | €2,733 | -€3,999 | -59.4% |
| Taxes | 450/3 | €6,733 | €2,733 | -€3,999 | -59.4% |
| Other amounts payable | 47/48 | €324,556 | €323,689 | -€867 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,086 | €3,318 | +€233 | +7.5% |
| Other operating charges | 640/8 | €1,167 | €1,328 | +€161 | +13.8% |
| Gross operating margin | 9900 | -€80,381 | -€3,113 | +€77,267 | +96.1% |
| Operating profit (loss) | 9901 | -€84,634 | -€7,760 | +€76,874 | +90.8% |
| Financial income | 75/76B | €20 | €28 | +€8 | +38.1% |
| Recurring financial income | 75 | €20 | €28 | +€8 | +38.1% |
| Financial charges | 65/66B | €155 | €92 | -€63 | -40.5% |
| Recurring financial charges | 65 | €155 | €92 | -€63 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | -€84,768 | -€7,824 | +€76,944 | +90.8% |
| Profit (loss) for the period | 9904 | -€84,768 | -€7,824 | +€76,944 | +90.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,768 | -€7,824 | +€76,944 | +90.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.