Stalpaert Consulting: what changed
Stalpaert Consulting
Largest movements
- Current investments +€64,536
up €64,536 (+37.5%), from €172,255 to €236,791
- Receivables within one year -€13,473
down €13,473 (-100%), from €13,473 to €0
of which Trade receivables: -€13,473
- Cash -€11,120
down €11,120 (-21.3%), from €52,249 to €41,129
mainly Current investments (-€64,536) and Tax, wage and social debts (-€7,151)
- Tangible fixed assets -€7,831
down €7,831 (-44.2%), from €17,711 to €9,880
of which Furniture and vehicles: -€5,570
- Reserves +€38,077
up €38,077 (+17.0%), from €223,337 to €261,414
- Accrued charges and deferred income +€8,415
up €8,415 (+1,686%), from €499 to €8,914
- Tax, wage and social debts -€7,151
down €7,151 (-55.2%), from €12,964 to €5,813
of which Taxes: -€7,169
- Other debts -€3,804
down €3,804 (-64.4%), from €5,905 to €2,101
- Gross operating margin -€12,584
down €12,584 (-17.3%), from €72,816 to €60,232
- Financial income +€6,047
up €6,047 (+736%), from €822 to €6,869
- Taxes -€1,437
down €1,437 (-8.4%), from €17,087 to €15,650
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,641 | €301,344 | +€32,703 | +12.2% |
| Fixed assets | 21/28 | €18,086 | €9,880 | -€8,206 | -45.4% |
| Tangible fixed assets | 22/27 | €17,711 | €9,880 | -€7,831 | -44.2% |
| Plant, machinery and equipment | 23 | - | €1,086 | +€1,086 | |
| Furniture and vehicles | 24 | €7,152 | €1,582 | -€5,570 | -77.9% |
| Other tangible fixed assets | 26 | €10,559 | €7,212 | -€3,347 | -31.7% |
| Financial fixed assets | 28 | €375 | €0 | -€375 | -100% |
| Current assets | 29/58 | €250,555 | €291,464 | +€40,909 | +16.3% |
| Amounts receivable within one year | 40/41 | €13,473 | €0 | -€13,473 | -100% |
| Trade receivables | 40 | €13,473 | €0 | -€13,473 | -100% |
| Other amounts receivable | 41 | €0 | €0 | -€0 | -100% |
| Current investments | 50/53 | €172,255 | €236,791 | +€64,536 | +37.5% |
| Cash at bank and in hand | 54/58 | €52,249 | €41,129 | -€11,120 | -21.3% |
| Deferred charges and accrued income | 490/1 | €12,578 | €13,544 | +€966 | +7.7% |
| Total equity and liabilities | 10/49 | €268,641 | €301,344 | +€32,703 | +12.2% |
| Equity | 10/15 | €241,937 | €280,014 | +€38,077 | +15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €223,337 | €261,414 | +€38,077 | +17.0% |
| Distributable reserves | 133 | €223,337 | €261,414 | +€38,077 | +17.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €26,703 | €21,330 | -€5,374 | -20.1% |
| Amounts payable within one year | 42/48 | €26,204 | €12,416 | -€13,789 | -52.6% |
| Trade debts | 44 | €7,335 | €4,501 | -€2,834 | -38.6% |
| Suppliers | 440/4 | €7,335 | €4,501 | -€2,834 | -38.6% |
| Taxes, remuneration and social security | 45 | €12,964 | €5,813 | -€7,151 | -55.2% |
| Taxes | 450/3 | €10,008 | €2,839 | -€7,169 | -71.6% |
| Remuneration and social security | 454/9 | €2,956 | €2,974 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €5,905 | €2,101 | -€3,804 | -64.4% |
| Accrued charges and deferred income | 492/3 | €499 | €8,914 | +€8,415 | +1,686% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,715 | €12,285 | -€430 | -3.4% |
| Other operating charges | 640/8 | €528 | €782 | +€254 | +48.1% |
| Gross operating margin | 9900 | €72,816 | €60,232 | -€12,584 | -17.3% |
| Operating profit (loss) | 9901 | €59,573 | €47,166 | -€12,407 | -20.8% |
| Financial income | 75/76B | €822 | €6,869 | +€6,047 | +736% |
| Recurring financial income | 75 | €822 | €6,869 | +€6,047 | +736% |
| Financial charges | 65/66B | €529 | €308 | -€221 | -41.9% |
| Recurring financial charges | 65 | €529 | €308 | -€221 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €59,865 | €53,727 | -€6,138 | -10.3% |
| Income taxes | 67/77 | €17,087 | €15,650 | -€1,437 | -8.4% |
| Profit (loss) for the period | 9904 | €42,778 | €38,077 | -€4,702 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,778 | €38,077 | -€4,702 | -11.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.