STAL VAN DE MORETTE: what changed
What changed
STAL VAN DE MORETTE
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€59,260
2024 · -€57,085-€2,175
Equity
€330,973
2024 · €390,233-€59,260
Cash
-
2024 · €1,840-€1,840
Balance sheet total
€2.2m
2024 · €2.2m-€58,232
Largest movements
Assets
- Deferred charges and accrued income -€42,000
down €42,000 (-86.2%), from €48,750 to €6,750
- Tangible fixed assets -€24,868
down €24,868 (-2.5%), from €984,835 to €959,967
of which Assets under construction and advance payments: -€24,706
Equity and liabilities
- Profit (loss) carried forward -€43,782
down €43,782 (-28.0%), from -€156,508 to -€200,289
Income statement
- Gross operating margin -€33,711
down €33,711, from €23,919 to -€9,792
- Financial charges -€29,931
down €29,931 (-44.1%), from €67,912 to €37,981
of which Financial charges: -€29,931
- Other operating charges -€4,782
no longer reported in 2025 (was €4,782)
- Financial income -€2,530
down €2,530 (-26.9%), from €9,410 to €6,880
- Depreciation +€647
up €647 (+2.7%), from €24,222 to €24,868
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€57,085
Gross operating margin
-€33,711
Depreciation
-€647
Other operating charges
+€4,782
Financial income
-€2,530
Financial charges
+€29,931
Result 2025
-€59,260
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€7,813
Investment
€0
Financing
+€5,974
Cash 2024
€1,840
From operations (derived)
-€7,813
Net result for the year
-€59,260
Depreciation
+€24,868
Receivables within one year
-€10,476
Deferred charges and accrued income
+€42,000
Provisions
-€6,502
Trade debts
-€9,157
Tax, wage and social debts
+€10,713
Financing
+€5,974
Debts after one year
-€4,525
Current portion of long-term debt
+€2,968
Short-term financial debts
+€7,530
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,219,966 | €2,161,734 | -€58,232 | -2.6% |
| Fixed assets | 21/28 | €986,503 | €961,634 | -€24,868 | -2.5% |
| Tangible fixed assets | 22/27 | €984,835 | €959,967 | -€24,868 | -2.5% |
| Land and buildings | 22 | €219,299 | €219,299 | = | 0.0% |
| Furniture and vehicles | 24 | €257 | €95 | -€162 | -63.1% |
| Assets under construction and advance payments | 27 | €765,279 | €740,572 | -€24,706 | -3.2% |
| Financial fixed assets | 28 | €1,668 | €1,668 | = | 0.0% |
| Current assets | 29/58 | €1,233,463 | €1,200,099 | -€33,363 | -2.7% |
| Amounts receivable after more than one year | 29 | €395,000 | €395,000 | = | 0.0% |
| Other amounts receivable | 291 | €395,000 | €395,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €641,600 | €641,600 | = | 0.0% |
| Stocks | 30/36 | €641,600 | €641,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €146,273 | €156,749 | +€10,476 | +7.2% |
| Trade receivables | 40 | €14,164 | €21,266 | +€7,102 | +50.1% |
| Other amounts receivable | 41 | €132,109 | €135,483 | +€3,374 | +2.6% |
| Cash at bank and in hand | 54/58 | €1,840 | - | -€1,840 | |
| Deferred charges and accrued income | 490/1 | €48,750 | €6,750 | -€42,000 | -86.2% |
| Total equity and liabilities | 10/49 | €2,219,966 | €2,161,734 | -€58,232 | -2.6% |
| Equity | 10/15 | €390,233 | €330,973 | -€59,260 | -15.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €484,741 | €469,263 | -€15,478 | -3.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €478,541 | €463,063 | -€15,478 | -3.2% |
| Profit (loss) carried forward | 14 | -€156,508 | -€200,289 | -€43,782 | -28.0% |
| Provisions and deferred taxes | 16 | €201,012 | €194,510 | -€6,502 | -3.2% |
| Deferred taxes | 168 | €201,012 | €194,510 | -€6,502 | -3.2% |
| Amounts payable | 17/49 | €1,628,721 | €1,636,250 | +€7,530 | +0.5% |
| Amounts payable after more than one year | 17 | €17,018 | €12,493 | -€4,525 | -26.6% |
| Financial debts | 170/4 | €17,018 | €12,493 | -€4,525 | -26.6% |
| Amounts payable within one year | 42/48 | €1,611,703 | €1,623,757 | +€12,054 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €16,244 | €19,212 | +€2,968 | +18.3% |
| Financial debts | 43 | €710,588 | €718,118 | +€7,530 | +1.1% |
| Credit institutions | 430/8 | €710,588 | €718,118 | +€7,530 | +1.1% |
| Trade debts | 44 | €882,534 | €873,377 | -€9,157 | -1.0% |
| Suppliers | 440/4 | €882,534 | €873,377 | -€9,157 | -1.0% |
| Taxes, remuneration and social security | 45 | €2,336 | €13,049 | +€10,713 | +459% |
| Taxes | 450/3 | €2,336 | €13,049 | +€10,713 | +459% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,222 | €24,868 | +€647 | +2.7% |
| Other operating charges | 640/8 | €4,782 | - | -€4,782 | |
| Gross operating margin | 9900 | €23,919 | -€9,792 | -€33,711 | |
| Operating profit (loss) | 9901 | -€5,085 | -€34,661 | -€29,576 | -582% |
| Financial income | 75/76B | €9,410 | €6,880 | -€2,530 | -26.9% |
| Recurring financial income | 75 | €9,410 | €6,880 | -€2,530 | -26.9% |
| Financial charges | 65/66B | €67,912 | €37,981 | -€29,931 | -44.1% |
| Recurring financial charges | 65 | €67,912 | €37,981 | -€29,931 | -44.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€63,587 | -€65,762 | -€2,175 | -3.4% |
| Transfer from deferred taxes | 780 | €6,502 | €6,502 | -€0 | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€57,085 | -€59,260 | -€2,175 | -3.8% |
| Transfer from tax-exempt reserves | 789 | €15,478 | €15,478 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,607 | -€43,782 | -€2,175 | -5.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.