STALLAERT GROUP: 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.
STALLAERT GROUP
Largest movements
- Tangible fixed assets +€198,483
up €198,483 (+22.9%), from €866,127 to €1.1m
of which Land and buildings: +€201,294
- Cash -€92,779
down €92,779 (-68.9%), from €134,736 to €41,957
mainly Investment in fixed assets (net) (-€257,317) and Current investments (-€80,408)
- Current investments +€80,408
new in 2025: €80,408
- Receivables within one year +€70,471
up €70,471 (+631%), from €11,173 to €81,643
of which Other amounts receivable: +€71,030
- Stocks and contracts +€70,310
up €70,310 (+23.6%), from €297,406 to €367,717
- Other debts +€257,307
up €257,307 (+98.0%), from €262,517 to €519,824
- Profit (loss) carried forward +€155,998
up €155,998, from -€8,386 to €147,612
- Debts after one year -€30,163
down €30,163 (-8.6%), from €349,788 to €319,625
- Trade debts -€21,658
down €21,658 (-67.8%), from €31,965 to €10,308
- Tax, wage and social debts -€20,544
down €20,544 (-99.9%), from €20,560 to €17
- Other operating charges -€65,227
down €65,227 (-58.2%), from €112,140 to €46,912
- Depreciation +€12,309
up €12,309 (+26.5%), from €46,524 to €58,834
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 | €1,310,029 | €1,636,922 | +€326,893 | +25.0% |
| Fixed assets | 21/28 | €866,714 | €1,065,197 | +€198,483 | +22.9% |
| Tangible fixed assets | 22/27 | €866,127 | €1,064,610 | +€198,483 | +22.9% |
| Land and buildings | 22 | €857,614 | €1,058,908 | +€201,294 | +23.5% |
| Plant, machinery and equipment | 23 | €2,628 | €2,020 | -€608 | -23.1% |
| Furniture and vehicles | 24 | €5,884 | €3,682 | -€2,203 | -37.4% |
| Financial fixed assets | 28 | €587 | €587 | = | 0.0% |
| Current assets | 29/58 | €443,315 | €571,725 | +€128,410 | +29.0% |
| Stocks and contracts in progress | 3 | €297,406 | €367,717 | +€70,310 | +23.6% |
| Stocks | 30/36 | €297,406 | €367,717 | +€70,310 | +23.6% |
| Amounts receivable within one year | 40/41 | €11,173 | €81,643 | +€70,471 | +631% |
| Trade receivables | 40 | €1,429 | €869 | -€559 | -39.1% |
| Other amounts receivable | 41 | €9,744 | €80,774 | +€71,030 | +729% |
| Current investments | 50/53 | - | €80,408 | +€80,408 | |
| Cash at bank and in hand | 54/58 | €134,736 | €41,957 | -€92,779 | -68.9% |
| Total equity and liabilities | 10/49 | €1,310,029 | €1,636,922 | +€326,893 | +25.0% |
| Equity | 10/15 | €600,987 | €756,986 | +€155,998 | +26.0% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Capital | 10 | €31,000 | €31,000 | = | 0.0% |
| Issued capital | 100 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €578,373 | €578,373 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Legal reserve | 130 | €3,100 | €3,100 | = | 0.0% |
| Distributable reserves | 133 | €575,273 | €575,273 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,386 | €147,612 | +€155,998 | |
| Amounts payable | 17/49 | €709,042 | €879,937 | +€170,895 | +24.1% |
| Amounts payable after more than one year | 17 | €349,788 | €319,625 | -€30,163 | -8.6% |
| Financial debts | 170/4 | €349,788 | €319,625 | -€30,163 | -8.6% |
| Amounts payable within one year | 42/48 | €359,254 | €560,311 | +€201,057 | +56.0% |
| Financial debts | 43 | €44,212 | €30,163 | -€14,049 | -31.8% |
| Credit institutions | 430/8 | €44,212 | €30,163 | -€14,049 | -31.8% |
| Trade debts | 44 | €31,965 | €10,308 | -€21,658 | -67.8% |
| Suppliers | 440/4 | €31,965 | €10,308 | -€21,658 | -67.8% |
| Taxes, remuneration and social security | 45 | €20,560 | €17 | -€20,544 | -99.9% |
| Taxes | 450/3 | €20,560 | €17 | -€20,544 | -99.9% |
| Other amounts payable | 47/48 | €262,517 | €519,824 | +€257,307 | +98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,524 | €58,834 | +€12,309 | +26.5% |
| Other operating charges | 640/8 | €112,140 | €46,912 | -€65,227 | -58.2% |
| Gross operating margin | 9900 | €323,656 | €326,090 | +€2,434 | +0.8% |
| Operating profit (loss) | 9901 | €164,992 | €220,344 | +€55,352 | +33.5% |
| Financial income | 75/76B | €39 | €467 | +€428 | +1,107% |
| Recurring financial income | 75 | €39 | €467 | +€428 | +1,107% |
| Financial charges | 65/66B | €9,583 | €11,956 | +€2,373 | +24.8% |
| Recurring financial charges | 65 | €9,583 | €11,604 | +€2,021 | +21.1% |
| Non-recurring financial charges | 66B | - | €352 | +€352 | |
| Profit (loss) for the period before taxes | 9903 | €155,447 | €208,855 | +€53,407 | +34.4% |
| Income taxes | 67/77 | €50,491 | €52,857 | +€2,366 | +4.7% |
| Profit (loss) for the period | 9904 | €104,957 | €155,998 | +€51,042 | +48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €104,957 | €155,998 | +€51,042 | +48.6% |
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 15 October 2026 via checked.be.