STALF: 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.
STALF
Largest movements
- Financial fixed assets +€165,000
up €165,000 (+16.5%), from €997,829 to €1.2m
- Debts after one year +€174,403
up €174,403 (+16.2%), from €1.1m to €1.3m
- Gross operating margin -€2,211
down €2,211 (-31.7%), from -€6,972 to -€9,183
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 | €998,297 | €1,163,455 | +€165,158 | +16.5% |
| Fixed assets | 21/28 | €997,829 | €1,162,829 | +€165,000 | +16.5% |
| Financial fixed assets | 28 | €997,829 | €1,162,829 | +€165,000 | +16.5% |
| Current assets | 29/58 | €468 | €626 | +€158 | +33.7% |
| Cash at bank and in hand | 54/58 | €468 | €626 | +€158 | +33.7% |
| Total equity and liabilities | 10/49 | €998,297 | €1,163,455 | +€165,158 | +16.5% |
| Equity | 10/15 | -€79,843 | -€90,306 | -€10,463 | -13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,443 | -€108,906 | -€10,463 | -10.6% |
| Amounts payable | 17/49 | €1,078,140 | €1,253,761 | +€175,620 | +16.3% |
| Amounts payable after more than one year | 17 | €1,078,018 | €1,252,421 | +€174,403 | +16.2% |
| Other amounts payable | 178/9 | €1,078,018 | €1,252,421 | +€174,403 | +16.2% |
| Amounts payable within one year | 42/48 | €122 | €1,340 | +€1,217 | +994.0% |
| Trade debts | 44 | €122 | €1,340 | +€1,217 | +994.0% |
| Suppliers | 440/4 | €122 | €1,340 | +€1,217 | +994.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€6,972 | -€9,183 | -€2,211 | -31.7% |
| Operating profit (loss) | 9901 | -€7,360 | -€9,583 | -€2,224 | -30.2% |
| Financial income | 75/76B | €22 | - | -€22 | |
| Recurring financial income | 75 | €22 | - | -€22 | |
| Financial charges | 65/66B | €818 | €880 | +€62 | +7.5% |
| Recurring financial charges | 65 | €818 | €880 | +€62 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,156 | -€10,463 | -€2,307 | -28.3% |
| Profit (loss) for the period | 9904 | -€8,156 | -€10,463 | -€2,307 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,156 | -€10,463 | -€2,307 | -28.3% |
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 2 October 2026 via checked.be.