Stal TB: 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 TB
Largest movements
- Cash -€49,039
down €49,039 (-68.7%), from €71,350 to €22,311
mainly Investment in fixed assets (net) (-€56,900) and Receivables within one year (-€43,128)
- Receivables within one year +€43,128
up €43,128 (+75.0%), from €57,470 to €100,598
of which Trade receivables: +€44,699
- Tangible fixed assets +€24,587
up €24,587 (+21.5%), from €114,522 to €139,109
of which Furniture and vehicles: +€20,187
- Stocks and contracts -€5,000
down €5,000 (-25.0%), from €20,000 to €15,000
- Reserves +€29,312
up €29,312 (+219%), from €13,361 to €42,673
- Tax, wage and social debts +€23,920
up €23,920 (+111%), from €21,523 to €45,442
of which Taxes: +€12,616
- Trade debts -€21,244
down €21,244 (-24.5%), from €86,611 to €65,366
- Debts after one year -€10,100
down €10,100 (-11.8%), from €85,850 to €75,750
- Other debts -€6,416
down €6,416 (-15.8%), from €40,567 to €34,151
- Gross operating margin +€54,137
up €54,137 (+204%), from €26,551 to €80,688
- Depreciation +€18,114
up €18,114 (+128%), from €14,199 to €32,313
- Taxes +€12,159
up €12,159 (+800%), from €1,520 to €13,679
- Staff costs -€3,626
down €3,626, from €2,930 to -€696
- Financial charges +€1,190
up €1,190 (+34.5%), from €3,447 to €4,638
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 | €265,095 | €278,483 | +€13,388 | +5.1% |
| Fixed assets | 21/28 | €114,522 | €139,109 | +€24,587 | +21.5% |
| Tangible fixed assets | 22/27 | €114,522 | €139,109 | +€24,587 | +21.5% |
| Land and buildings | 22 | €96,818 | €86,568 | -€10,250 | -10.6% |
| Plant, machinery and equipment | 23 | €10,598 | €25,247 | +€14,649 | +138% |
| Furniture and vehicles | 24 | €7,106 | €27,294 | +€20,187 | +284% |
| Current assets | 29/58 | €150,573 | €139,374 | -€11,199 | -7.4% |
| Stocks and contracts in progress | 3 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Stocks | 30/36 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €57,470 | €100,598 | +€43,128 | +75.0% |
| Trade receivables | 40 | €55,899 | €100,598 | +€44,699 | +80.0% |
| Other amounts receivable | 41 | €1,571 | - | -€1,571 | |
| Cash at bank and in hand | 54/58 | €71,350 | €22,311 | -€49,039 | -68.7% |
| Deferred charges and accrued income | 490/1 | €1,753 | €1,465 | -€288 | -16.4% |
| Total equity and liabilities | 10/49 | €265,095 | €278,483 | +€13,388 | +5.1% |
| Equity | 10/15 | €18,361 | €47,673 | +€29,312 | +160% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,361 | €42,673 | +€29,312 | +219% |
| Distributable reserves | 133 | €13,361 | €42,673 | +€29,312 | +219% |
| Amounts payable | 17/49 | €246,734 | €230,810 | -€15,924 | -6.5% |
| Amounts payable after more than one year | 17 | €85,850 | €75,750 | -€10,100 | -11.8% |
| Financial debts | 170/4 | €85,850 | €75,750 | -€10,100 | -11.8% |
| Amounts payable within one year | 42/48 | €160,884 | €155,060 | -€5,824 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €12,183 | €10,100 | -€2,083 | -17.1% |
| Trade debts | 44 | €86,611 | €65,366 | -€21,244 | -24.5% |
| Suppliers | 440/4 | €86,611 | €65,366 | -€21,244 | -24.5% |
| Taxes, remuneration and social security | 45 | €21,523 | €45,442 | +€23,920 | +111% |
| Taxes | 450/3 | €1,520 | €14,136 | +€12,616 | +830% |
| Remuneration and social security | 454/9 | €20,002 | €31,306 | +€11,304 | +56.5% |
| Other amounts payable | 47/48 | €40,567 | €34,151 | -€6,416 | -15.8% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | €2,930 | -€696 | -€3,626 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,199 | €32,313 | +€18,114 | +128% |
| Other operating charges | 640/8 | €1,084 | €1,525 | +€440 | +40.6% |
| Non-recurring operating charges | 66A | - | €139 | +€139 | |
| Gross operating margin | 9900 | €26,551 | €80,688 | +€54,137 | +204% |
| Operating profit (loss) | 9901 | €8,337 | €47,407 | +€39,070 | +469% |
| Financial income | 75/76B | €11 | €221 | +€210 | +1,928% |
| Recurring financial income | 75 | €11 | €221 | +€210 | +1,928% |
| Financial charges | 65/66B | €3,447 | €4,638 | +€1,190 | +34.5% |
| Recurring financial charges | 65 | €3,447 | €4,638 | +€1,190 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €4,901 | €42,991 | +€38,090 | +777% |
| Income taxes | 67/77 | €1,520 | €13,679 | +€12,159 | +800% |
| Profit (loss) for the period | 9904 | €3,380 | €29,312 | +€25,931 | +767% |
| Profit (loss) for the period to be appropriated | 9905 | €3,380 | €29,312 | +€25,931 | +767% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.