STALLAERTS: 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.
STALLAERTS
Largest movements
- Cash -€10,910
down €10,910 (-10.4%), from €105,169 to €94,259
mainly Net result for the year (-€14,131) and Tax, wage and social debts (-€7,075)
- Tangible fixed assets -€7,917
down €7,917 (-29.2%), from €27,100 to €19,183
- Profit (loss) carried forward -€14,131
down €14,131 (-14.5%), from -€97,770 to -€111,901
- Tax, wage and social debts -€7,075
down €7,075 (-84.6%), from €8,359 to €1,284
of which Taxes: -€7,829
- Gross operating margin -€5,940
down €5,940, from €2,393 to -€3,547
- Depreciation +€765
up €765 (+10.7%), from €7,153 to €7,917
- Financial charges -€675
down €675 (-43.8%), from €1,542 to €867
- Other operating charges -€524
down €524 (-29.2%), from €1,798 to €1,274
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 | €446,044 | €430,509 | -€15,535 | -3.5% |
| Fixed assets | 21/28 | €27,100 | €19,183 | -€7,917 | -29.2% |
| Tangible fixed assets | 22/27 | €27,100 | €19,183 | -€7,917 | -29.2% |
| Furniture and vehicles | 24 | €27,100 | €19,183 | -€7,917 | -29.2% |
| Current assets | 29/58 | €418,943 | €411,326 | -€7,617 | -1.8% |
| Amounts receivable within one year | 40/41 | €311,934 | €315,516 | +€3,582 | +1.1% |
| Trade receivables | 40 | €10,122 | €15,972 | +€5,850 | +57.8% |
| Other amounts receivable | 41 | €301,812 | €299,544 | -€2,268 | -0.8% |
| Cash at bank and in hand | 54/58 | €105,169 | €94,259 | -€10,910 | -10.4% |
| Deferred charges and accrued income | 490/1 | €1,840 | €1,551 | -€290 | -15.7% |
| Total equity and liabilities | 10/49 | €446,044 | €430,509 | -€15,535 | -3.5% |
| Equity | 10/15 | €425,315 | €411,185 | -€14,131 | -3.3% |
| Contributions | 10/11 | €37,211 | €37,211 | = | 0.0% |
| Reserves | 13 | €485,875 | €485,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,912 | €7,912 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,912 | €7,912 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,500 | €54,500 | = | 0.0% |
| Distributable reserves | 133 | €423,462 | €423,462 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,770 | -€111,901 | -€14,131 | -14.5% |
| Amounts payable | 17/49 | €20,729 | €19,324 | -€1,404 | -6.8% |
| Amounts payable within one year | 42/48 | €20,729 | €19,324 | -€1,404 | -6.8% |
| Trade debts | 44 | €5,410 | €7,001 | +€1,591 | +29.4% |
| Suppliers | 440/4 | €5,410 | €7,001 | +€1,591 | +29.4% |
| Taxes, remuneration and social security | 45 | €8,359 | €1,284 | -€7,075 | -84.6% |
| Taxes | 450/3 | €8,359 | €530 | -€7,829 | -93.7% |
| Remuneration and social security | 454/9 | - | €754 | +€754 | |
| Other amounts payable | 47/48 | €6,960 | €11,040 | +€4,080 | +58.6% |
| Non-recurring operating income | 76A | €26,244 | - | -€26,244 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,153 | €7,917 | +€765 | +10.7% |
| Other operating charges | 640/8 | €1,798 | €1,274 | -€524 | -29.2% |
| Gross operating margin | 9900 | €2,393 | -€3,547 | -€5,940 | |
| Operating profit (loss) | 9901 | -€6,557 | -€12,738 | -€6,180 | -94.3% |
| Financial income | 75/76B | €1 | €4 | +€2 | +188% |
| Recurring financial income | 75 | €1 | €4 | +€2 | +188% |
| Financial charges | 65/66B | €1,542 | €867 | -€675 | -43.8% |
| Recurring financial charges | 65 | €1,542 | €867 | -€675 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,098 | -€13,601 | -€5,503 | -68.0% |
| Income taxes | 67/77 | €519 | €530 | +€11 | +2.1% |
| Profit (loss) for the period | 9904 | -€8,617 | -€14,131 | -€5,514 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,617 | -€14,131 | -€5,514 | -64.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.