STALLEN: 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.
STALLEN
Largest movements
- Cash +€74,854
up €74,854 (+101.2%), from €73,947 to €148,801
mainly Net result for the year (+€85,278) and Tax, wage and social debts (+€18,296)
- Tangible fixed assets -€9,273
down €9,273 (-17.6%), from €52,693 to €43,419
of which Furniture and vehicles: -€12,285
- Receivables within one year -€3,628
down €3,628 (-14.8%), from €24,565 to €20,937
of which Other amounts receivable: -€4,565
- Reserves +€78,079
up €78,079 (+85.4%), from €91,446 to €169,524
- Other debts -€24,523
down €24,523 (-43.9%), from €55,916 to €31,392
- Tax, wage and social debts +€18,296
up €18,296 (+7321.2%), from €250 to €18,546
- Trade debts -€10,002
down €10,002 (-99.1%), from €10,093 to €91
- Gross operating margin +€45,043
up €45,043 (+49.9%), from €90,338 to €135,381
- Taxes +€13,116
up €13,116 (+58.5%), from €22,435 to €35,550
- Financial charges +€2,542
up €2,542 (+1815.3%), from €140 to €2,683
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 | €157,804 | €219,708 | +€61,904 | +39.2% |
| Fixed assets | 21/28 | €52,693 | €43,419 | -€9,273 | -17.6% |
| Tangible fixed assets | 22/27 | €52,693 | €43,419 | -€9,273 | -17.6% |
| Furniture and vehicles | 24 | €52,693 | €40,408 | -€12,285 | -23.3% |
| Other tangible fixed assets | 26 | - | €3,012 | +€3,012 | |
| Current assets | 29/58 | €105,112 | €176,289 | +€71,177 | +67.7% |
| Amounts receivable within one year | 40/41 | €24,565 | €20,937 | -€3,628 | -14.8% |
| Trade receivables | 40 | - | €937 | +€937 | |
| Other amounts receivable | 41 | €24,565 | €20,000 | -€4,565 | -18.6% |
| Cash at bank and in hand | 54/58 | €73,947 | €148,801 | +€74,854 | +101.2% |
| Deferred charges and accrued income | 490/1 | €6,599 | €6,550 | -€49 | -0.7% |
| Total equity and liabilities | 10/49 | €157,804 | €219,708 | +€61,904 | +39.2% |
| Equity | 10/15 | €91,546 | €169,624 | +€78,079 | +85.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €91,446 | €169,524 | +€78,079 | +85.4% |
| Distributable reserves | 133 | €91,446 | €169,524 | +€78,079 | +85.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €66,259 | €50,084 | -€16,175 | -24.4% |
| Amounts payable within one year | 42/48 | €66,259 | €50,029 | -€16,229 | -24.5% |
| Trade debts | 44 | €10,093 | €91 | -€10,002 | -99.1% |
| Suppliers | 440/4 | €10,093 | €91 | -€10,002 | -99.1% |
| Taxes, remuneration and social security | 45 | €250 | €18,546 | +€18,296 | +7321.2% |
| Taxes | 450/3 | €250 | €18,546 | +€18,296 | +7321.2% |
| Other amounts payable | 47/48 | €55,916 | €31,392 | -€24,523 | -43.9% |
| Accrued charges and deferred income | 492/3 | - | €54 | +€54 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,574 | €12,437 | -€137 | -1.1% |
| Other operating charges | 640/8 | €468 | €478 | +€11 | +2.3% |
| Gross operating margin | 9900 | €90,338 | €135,381 | +€45,043 | +49.9% |
| Operating profit (loss) | 9901 | €77,297 | €122,465 | +€45,168 | +58.4% |
| Financial income | 75/76B | €584 | €1,046 | +€462 | +79.2% |
| Recurring financial income | 75 | €584 | €1,046 | +€462 | +79.2% |
| Financial charges | 65/66B | €140 | €2,683 | +€2,542 | +1815.3% |
| Recurring financial charges | 65 | €140 | €2,683 | +€2,542 | +1815.3% |
| Profit (loss) for the period before taxes | 9903 | €77,741 | €120,829 | +€43,088 | +55.4% |
| Income taxes | 67/77 | €22,435 | €35,550 | +€13,116 | +58.5% |
| Profit (loss) for the period | 9904 | €55,306 | €85,278 | +€29,972 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,306 | €85,278 | +€29,972 | +54.2% |
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 3 October 2026 via checked.be.