Stalcom: 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.
Stalcom
Largest movements
- Tangible fixed assets +€44,899
up €44,899 (+373.1%), from €12,033 to €56,933
- Receivables within one year -€3,544
down €3,544 (-8.8%), from €40,364 to €36,820
- Debts after one year +€38,746
up €38,746 (+530.1%), from €7,309 to €46,055
- Other debts -€13,314
down €13,314 (-88.8%), from €14,996 to €1,681
- Tax, wage and social debts +€6,604
up €6,604 (+38.8%), from €17,019 to €23,623
- Current portion of long-term debt +€5,055
up €5,055 (+96.2%), from €5,256 to €10,311
- Trade debts +€2,646
up €2,646 (+55.9%), from €4,736 to €7,382
- Depreciation -€4,302
down €4,302 (-74.6%), from €5,770 to €1,468
- Other operating charges +€2,226
up €2,226 (+99.3%), from €2,243 to €4,469
- Taxes +€981
up €981 (+46.5%), from €2,109 to €3,090
- Gross operating margin -€527
down €527 (-4.3%), from €12,165 to €11,639
- Financial charges +€360
up €360 (+23.4%), from €1,539 to €1,899
of which Financial charges: +€1,370
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,707 | €94,156 | +€40,449 | +75.3% |
| Formation expenses | 20 | €743 | €385 | -€358 | -48.2% |
| Fixed assets | 21/28 | €12,033 | €56,933 | +€44,899 | +373.1% |
| Tangible fixed assets | 22/27 | €12,033 | €56,933 | +€44,899 | +373.1% |
| Leasing and similar rights | 25 | €12,033 | €56,933 | +€44,899 | +373.1% |
| Current assets | 29/58 | €40,930 | €36,838 | -€4,092 | -10.0% |
| Amounts receivable within one year | 40/41 | €40,364 | €36,820 | -€3,544 | -8.8% |
| Trade receivables | 40 | €40,364 | €36,820 | -€3,544 | -8.8% |
| Cash at bank and in hand | 54/58 | €567 | €18 | -€548 | -96.8% |
| Total equity and liabilities | 10/49 | €53,707 | €94,156 | +€40,449 | +75.3% |
| Equity | 10/15 | €4,392 | €5,105 | +€713 | +16.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,392 | €2,105 | +€713 | +51.2% |
| Distributable reserves | 133 | €1,392 | €2,105 | +€713 | +51.2% |
| Amounts payable | 17/49 | €49,315 | €89,051 | +€39,736 | +80.6% |
| Amounts payable after more than one year | 17 | €7,309 | €46,055 | +€38,746 | +530.1% |
| Financial debts | 170/4 | €7,309 | €46,055 | +€38,746 | +530.1% |
| Amounts payable within one year | 42/48 | €42,007 | €42,997 | +€990 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €5,256 | €10,311 | +€5,055 | +96.2% |
| Trade debts | 44 | €4,736 | €7,382 | +€2,646 | +55.9% |
| Suppliers | 440/4 | €4,736 | €7,382 | +€2,646 | +55.9% |
| Taxes, remuneration and social security | 45 | €17,019 | €23,623 | +€6,604 | +38.8% |
| Taxes | 450/3 | €17,019 | €23,623 | +€6,604 | +38.8% |
| Other amounts payable | 47/48 | €14,996 | €1,681 | -€13,314 | -88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,770 | €1,468 | -€4,302 | -74.6% |
| Other operating charges | 640/8 | €2,243 | €4,469 | +€2,226 | +99.3% |
| Gross operating margin | 9900 | €12,165 | €11,639 | -€527 | -4.3% |
| Operating profit (loss) | 9901 | €4,153 | €5,702 | +€1,549 | +37.3% |
| Financial charges | 65/66B | €1,539 | €1,899 | +€360 | +23.4% |
| Recurring financial charges | 65 | €529 | €1,899 | +€1,370 | +258.9% |
| Non-recurring financial charges | 66B | €1,010 | - | -€1,010 | |
| Profit (loss) for the period before taxes | 9903 | €2,614 | €3,803 | +€1,189 | +45.5% |
| Income taxes | 67/77 | €2,109 | €3,090 | +€981 | +46.5% |
| Profit (loss) for the period | 9904 | €505 | €713 | +€208 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €505 | €713 | +€208 | +41.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.