STALLAERT: 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.
STALLAERT
Largest movements
- Receivables within one year +€45,723
up €45,723 (+90.7%), from €50,409 to €96,132
of which Trade receivables: +€32,876
- Tangible fixed assets -€15,223
down €15,223 (-2.2%), from €699,821 to €684,598
of which Land and buildings: -€29,643
- Stocks and contracts -€15,059
no longer reported in 2025 (was €15,059)
- Other debts +€49,396
up €49,396 (+16.2%), from €305,059 to €354,456
- Current portion of long-term debt -€40,812
down €40,812 (-69.1%), from €59,025 to €18,213
- Trade debts -€28,770
down €28,770 (-75.5%), from €38,122 to €9,352
- Debts after one year +€23,126
up €23,126 (+17.3%), from €133,930 to €157,057
- Reserves +€8,958
up €8,958 (+4.0%), from €224,208 to €233,167
of which Distributable reserves: +€12,367
- Other operating charges -€30,956
down €30,956 (-96.6%), from €32,053 to €1,097
- Taxes -€10,831
down €10,831 (-99.3%), from €10,906 to €75
- Gross operating margin +€9,534
up €9,534 (+14.5%), from €65,556 to €75,090
- Depreciation +€1,742
up €1,742 (+2.9%), from €60,238 to €61,980
- Financial charges -€1,705
down €1,705 (-36.4%), from €4,685 to €2,980
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 | €773,830 | €796,700 | +€22,870 | +3.0% |
| Fixed assets | 21/28 | €699,821 | €684,598 | -€15,223 | -2.2% |
| Tangible fixed assets | 22/27 | €699,821 | €684,598 | -€15,223 | -2.2% |
| Land and buildings | 22 | €629,481 | €599,838 | -€29,643 | -4.7% |
| Plant, machinery and equipment | 23 | €37,207 | €26,399 | -€10,808 | -29.0% |
| Furniture and vehicles | 24 | €33,132 | €58,360 | +€25,228 | +76.1% |
| Current assets | 29/58 | €74,010 | €112,102 | +€38,093 | +51.5% |
| Stocks and contracts in progress | 3 | €15,059 | - | -€15,059 | |
| Contracts in progress | 37 | €15,059 | - | -€15,059 | |
| Amounts receivable within one year | 40/41 | €50,409 | €96,132 | +€45,723 | +90.7% |
| Trade receivables | 40 | €47,072 | €79,948 | +€32,876 | +69.8% |
| Other amounts receivable | 41 | €3,337 | €16,184 | +€12,847 | +385.0% |
| Cash at bank and in hand | 54/58 | €8,522 | €15,666 | +€7,144 | +83.8% |
| Deferred charges and accrued income | 490/1 | €20 | €305 | +€285 | +1416.6% |
| Total equity and liabilities | 10/49 | €773,830 | €796,700 | +€22,870 | +3.0% |
| Equity | 10/15 | €237,694 | €246,652 | +€8,958 | +3.8% |
| Contributions | 10/11 | €13,485 | €13,485 | = | 0.0% |
| Reserves | 13 | €224,208 | €233,167 | +€8,958 | +4.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €197,441 | €195,892 | -€1,549 | -0.8% |
| Distributable reserves | 133 | €24,908 | €37,275 | +€12,367 | +49.6% |
| Amounts payable | 17/49 | €536,137 | €550,048 | +€13,911 | +2.6% |
| Amounts payable after more than one year | 17 | €133,930 | €157,057 | +€23,126 | +17.3% |
| Financial debts | 170/4 | €133,930 | €157,057 | +€23,126 | +17.3% |
| Amounts payable within one year | 42/48 | €402,206 | €389,301 | -€12,905 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €59,025 | €18,213 | -€40,812 | -69.1% |
| Trade debts | 44 | €38,122 | €9,352 | -€28,770 | -75.5% |
| Suppliers | 440/4 | €38,122 | €9,352 | -€28,770 | -75.5% |
| Taxes, remuneration and social security | 45 | - | €7,281 | +€7,281 | |
| Taxes | 450/3 | - | €7,281 | +€7,281 | |
| Other amounts payable | 47/48 | €305,059 | €354,456 | +€49,396 | +16.2% |
| Accrued charges and deferred income | 492/3 | - | €3,690 | +€3,690 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,238 | €61,980 | +€1,742 | +2.9% |
| Other operating charges | 640/8 | €32,053 | €1,097 | -€30,956 | -96.6% |
| Gross operating margin | 9900 | €65,556 | €75,090 | +€9,534 | +14.5% |
| Operating profit (loss) | 9901 | -€26,735 | €12,012 | +€38,748 | |
| Financial income | 75/76B | €21 | €30 | +€8 | +39.2% |
| Recurring financial income | 75 | €21 | €30 | +€8 | +39.2% |
| Financial charges | 65/66B | €4,685 | €2,980 | -€1,705 | -36.4% |
| Recurring financial charges | 65 | €4,685 | €2,980 | -€1,705 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | -€31,399 | €9,062 | +€40,461 | |
| Transfer from deferred taxes | 780 | €39,798 | - | -€39,798 | |
| Transfer to deferred taxes | 680 | - | €29 | +€29 | |
| Income taxes | 67/77 | €10,906 | €75 | -€10,831 | -99.3% |
| Profit (loss) for the period | 9904 | -€2,506 | €8,958 | +€11,465 | |
| Transfer from tax-exempt reserves | 789 | €1,549 | €1,578 | +€29 | +1.8% |
| Transfer to tax-exempt reserves | 689 | €39,798 | - | -€39,798 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,755 | €10,536 | +€51,292 |
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.