STALGES: 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.
STALGES
Largest movements
- Cash -€24,410
down €24,410 (-52.7%), from €46,343 to €21,933
mainly Other debts (-€45,394) and Debts after one year (-€2,064)
- Tangible fixed assets -€16,777
down €16,777 (-22.9%), from €73,330 to €56,553
of which Land and buildings: -€9,965
- Other debts -€45,394
down €45,394 (-90.9%), from €49,946 to €4,552
- Profit (loss) carried forward +€8,543
up €8,543 (+1.7%), from -€493,250 to -€484,706
- Debts after one year -€2,064
down €2,064 (-0.4%), from €470,165 to €468,101
of which Financial debts: -€2,064
- Gross operating margin +€3,268
up €3,268 (+10.8%), from €30,316 to €33,584
- Financial charges +€1,578
up €1,578 (+576.6%), from €274 to €1,852
- Other operating charges +€745
up €745 (+12.7%), from €5,876 to €6,621
- Depreciation +€418
up €418 (+2.6%), from €16,359 to €16,777
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 | €122,278 | €81,595 | -€40,683 | -33.3% |
| Fixed assets | 21/28 | €73,330 | €56,553 | -€16,777 | -22.9% |
| Tangible fixed assets | 22/27 | €73,330 | €56,553 | -€16,777 | -22.9% |
| Land and buildings | 22 | €42,191 | €32,226 | -€9,965 | -23.6% |
| Leasing and similar rights | 25 | €22,056 | €17,613 | -€4,443 | -20.1% |
| Other tangible fixed assets | 26 | €9,083 | €6,714 | -€2,369 | -26.1% |
| Current assets | 29/58 | €48,948 | €25,042 | -€23,907 | -48.8% |
| Amounts receivable within one year | 40/41 | €434 | €234 | -€200 | -46.1% |
| Trade receivables | 40 | €434 | €234 | -€200 | -46.1% |
| Cash at bank and in hand | 54/58 | €46,343 | €21,933 | -€24,410 | -52.7% |
| Deferred charges and accrued income | 490/1 | €2,172 | €2,875 | +€703 | +32.4% |
| Total equity and liabilities | 10/49 | €122,278 | €81,595 | -€40,683 | -33.3% |
| Equity | 10/15 | -€402,918 | -€394,375 | +€8,543 | +2.1% |
| Contributions | 10/11 | €87,233 | €87,233 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €25,233 | €25,233 | = | 0.0% |
| Share premium | 1100/10 | €25,233 | €25,233 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€493,250 | -€484,706 | +€8,543 | +1.7% |
| Amounts payable | 17/49 | €525,196 | €475,970 | -€49,226 | -9.4% |
| Amounts payable after more than one year | 17 | €470,165 | €468,101 | -€2,064 | -0.4% |
| Financial debts | 170/4 | €463,545 | €461,481 | -€2,064 | -0.4% |
| Other amounts payable | 178/9 | €6,620 | €6,620 | = | 0.0% |
| Amounts payable within one year | 42/48 | €54,483 | €7,869 | -€46,614 | -85.6% |
| Current portion of amounts payable after more than one year | 42 | €4,537 | €3,317 | -€1,220 | -26.9% |
| Other amounts payable | 47/48 | €49,946 | €4,552 | -€45,394 | -90.9% |
| Accrued charges and deferred income | 492/3 | €548 | - | -€548 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,359 | €16,777 | +€418 | +2.6% |
| Other operating charges | 640/8 | €5,876 | €6,621 | +€745 | +12.7% |
| Gross operating margin | 9900 | €30,316 | €33,584 | +€3,268 | +10.8% |
| Operating profit (loss) | 9901 | €8,081 | €10,186 | +€2,105 | +26.0% |
| Financial income | 75/76B | €167 | €227 | +€60 | +35.9% |
| Recurring financial income | 75 | €167 | €227 | +€60 | +35.9% |
| Financial charges | 65/66B | €274 | €1,852 | +€1,578 | +576.6% |
| Recurring financial charges | 65 | €274 | €1,852 | +€1,578 | +576.6% |
| Profit (loss) for the period before taxes | 9903 | €7,975 | €8,561 | +€586 | +7.4% |
| Income taxes | 67/77 | €47 | €18 | -€29 | -61.5% |
| Profit (loss) for the period | 9904 | €7,928 | €8,543 | +€615 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,928 | €8,543 | +€615 | +7.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.