STAL VRINS: 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 VRINS
Largest movements
- Tangible fixed assets +€79,498
up €79,498 (+13.9%), from €573,338 to €652,835
of which Furniture and vehicles: +€91,222
- Cash +€67,792
up €67,792 (+37.1%), from €182,602 to €250,395
mainly Depreciation (+€114,239) and Net result for the year (+€83,126)
- Stocks and contracts -€41,773
down €41,773 (-26.2%), from €159,506 to €117,734
- Reserves +€83,126
up €83,126 (+18.5%), from €450,283 to €533,409
- Debts after one year +€30,080
up €30,080 (+35.4%), from €85,000 to €115,080
- Tax, wage and social debts -€22,140
down €22,140 (-61.8%), from €35,810 to €13,670
of which Taxes: -€21,048
- Current portion of long-term debt +€12,102
new in 2025: €12,102
- Gross operating margin +€126,664
up €126,664 (+63.9%), from €198,098 to €324,762
- Taxes +€44,053
up €44,053 (+898%), from €4,904 to €48,958
- Depreciation +€21,504
up €21,504 (+23.2%), from €92,735 to €114,239
- Financial charges -€10,736
down €10,736 (-83.1%), from €12,921 to €2,185
- Staff costs -€9,975
down €9,975 (-12.6%), from €79,074 to €69,099
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 | €943,249 | €1,045,292 | +€102,043 | +10.8% |
| Fixed assets | 21/28 | €574,351 | €653,688 | +€79,337 | +13.8% |
| Intangible fixed assets | 21 | €1,013 | €852 | -€161 | -15.9% |
| Tangible fixed assets | 22/27 | €573,338 | €652,835 | +€79,498 | +13.9% |
| Land and buildings | 22 | €479,423 | €468,400 | -€11,023 | -2.3% |
| Plant, machinery and equipment | 23 | €40,370 | €39,668 | -€701 | -1.7% |
| Furniture and vehicles | 24 | €53,545 | €144,767 | +€91,222 | +170% |
| Current assets | 29/58 | €368,898 | €391,605 | +€22,707 | +6.2% |
| Stocks and contracts in progress | 3 | €159,506 | €117,734 | -€41,773 | -26.2% |
| Stocks | 30/36 | €159,506 | €117,734 | -€41,773 | -26.2% |
| Amounts receivable within one year | 40/41 | €25,360 | €17,602 | -€7,758 | -30.6% |
| Trade receivables | 40 | €25,025 | €12,581 | -€12,444 | -49.7% |
| Other amounts receivable | 41 | €335 | €5,021 | +€4,686 | +1,399% |
| Cash at bank and in hand | 54/58 | €182,602 | €250,395 | +€67,792 | +37.1% |
| Deferred charges and accrued income | 490/1 | €1,430 | €5,874 | +€4,444 | +311% |
| Total equity and liabilities | 10/49 | €943,249 | €1,045,292 | +€102,043 | +10.8% |
| Equity | 10/15 | €483,558 | €566,684 | +€83,126 | +17.2% |
| Contributions | 10/11 | €33,275 | €33,275 | = | 0.0% |
| Reserves | 13 | €450,283 | €533,409 | +€83,126 | +18.5% |
| Distributable reserves | 133 | €450,283 | €533,409 | +€83,126 | +18.5% |
| Amounts payable | 17/49 | €459,691 | €478,608 | +€18,917 | +4.1% |
| Amounts payable after more than one year | 17 | €85,000 | €115,080 | +€30,080 | +35.4% |
| Financial debts | 170/4 | €85,000 | €115,080 | +€30,080 | +35.4% |
| Amounts payable within one year | 42/48 | €374,691 | €363,529 | -€11,163 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | - | €12,102 | +€12,102 | |
| Trade debts | 44 | €15,519 | €18,601 | +€3,081 | +19.9% |
| Suppliers | 440/4 | €15,519 | €18,601 | +€3,081 | +19.9% |
| Taxes, remuneration and social security | 45 | €35,810 | €13,670 | -€22,140 | -61.8% |
| Taxes | 450/3 | €29,555 | €8,507 | -€21,048 | -71.2% |
| Remuneration and social security | 454/9 | €6,255 | €5,163 | -€1,092 | -17.5% |
| Other amounts payable | 47/48 | €323,362 | €319,156 | -€4,206 | -1.3% |
| Non-recurring operating income | 76A | €50,000 | €33,000 | -€17,000 | -34.0% |
| Remuneration, social security and pensions | 62 | €79,074 | €69,099 | -€9,975 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,735 | €114,239 | +€21,504 | +23.2% |
| Other operating charges | 640/8 | €6,845 | €7,212 | +€367 | +5.4% |
| Gross operating margin | 9900 | €198,098 | €324,762 | +€126,664 | +63.9% |
| Operating profit (loss) | 9901 | €19,444 | €134,211 | +€114,767 | +590% |
| Financial income | 75/76B | €7 | €58 | +€51 | +744% |
| Recurring financial income | 75 | €7 | €58 | +€51 | +744% |
| Financial charges | 65/66B | €12,921 | €2,185 | -€10,736 | -83.1% |
| Recurring financial charges | 65 | €12,921 | €2,185 | -€10,736 | -83.1% |
| Profit (loss) for the period before taxes | 9903 | €6,529 | €132,084 | +€125,554 | +1,923% |
| Income taxes | 67/77 | €4,904 | €48,958 | +€44,053 | +898% |
| Profit (loss) for the period | 9904 | €1,625 | €83,126 | +€81,501 | +5,016% |
| Profit (loss) for the period to be appropriated | 9905 | €1,625 | €83,126 | +€81,501 | +5,016% |
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 28 October 2026 via checked.be.