Stalpaert Joris: what changed
Stalpaert Joris
Largest movements
- Cash +€171,361
up €171,361 (+296%), from €57,946 to €229,307
mainly Net result for the year (+€117,564) and Tax, wage and social debts (+€58,212)
- Receivables within one year +€7,900
up €7,900 (+121%), from €6,534 to €14,434
- Tangible fixed assets -€3,155
down €3,155 (-13.9%), from €22,755 to €19,600
of which Furniture and vehicles: -€3,155
- Reserves +€117,500
up €117,500 (+241%), from €48,800 to €166,300
- Tax, wage and social debts +€58,212
up €58,212 (+179%), from €32,609 to €90,821
- Gross operating margin +€99,379
up €99,379 (+117%), from €85,050 to €184,429
- Taxes +€30,785
up €30,785 (+126%), from €24,363 to €55,149
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 | €88,658 | €264,403 | +€175,745 | +198% |
| Fixed assets | 21/28 | €22,755 | €19,600 | -€3,155 | -13.9% |
| Tangible fixed assets | 22/27 | €22,755 | €19,600 | -€3,155 | -13.9% |
| Plant, machinery and equipment | 23 | €4,300 | €4,300 | = | 0.0% |
| Furniture and vehicles | 24 | €18,455 | €15,300 | -€3,155 | -17.1% |
| Current assets | 29/58 | €65,903 | €244,803 | +€178,900 | +271% |
| Amounts receivable within one year | 40/41 | €6,534 | €14,434 | +€7,900 | +121% |
| Trade receivables | 40 | €6,534 | €14,434 | +€7,900 | +121% |
| Cash at bank and in hand | 54/58 | €57,946 | €229,307 | +€171,361 | +296% |
| Deferred charges and accrued income | 490/1 | €1,422 | €1,062 | -€360 | -25.3% |
| Total equity and liabilities | 10/49 | €88,658 | €264,403 | +€175,745 | +198% |
| Equity | 10/15 | €49,963 | €167,527 | +€117,564 | +235% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €48,800 | €166,300 | +€117,500 | +241% |
| Distributable reserves | 133 | €48,800 | €166,300 | +€117,500 | +241% |
| Profit (loss) carried forward | 14 | €163 | €227 | +€64 | +39.0% |
| Amounts payable | 17/49 | €38,695 | €96,877 | +€58,182 | +150% |
| Amounts payable within one year | 42/48 | €38,695 | €96,877 | +€58,182 | +150% |
| Trade debts | 44 | €4,295 | €5,560 | +€1,265 | +29.5% |
| Suppliers | 440/4 | €4,295 | €5,560 | +€1,265 | +29.5% |
| Taxes, remuneration and social security | 45 | €32,609 | €90,821 | +€58,212 | +179% |
| Taxes | 450/3 | €32,609 | €90,821 | +€58,212 | +179% |
| Other amounts payable | 47/48 | €1,791 | €496 | -€1,295 | -72.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,595 | €4,328 | +€1,733 | +66.8% |
| Other operating charges | 640/8 | €4,728 | €3,152 | -€1,575 | -33.3% |
| Gross operating margin | 9900 | €85,050 | €184,429 | +€99,379 | +117% |
| Operating profit (loss) | 9901 | €77,727 | €176,949 | +€99,221 | +128% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €4,401 | €4,254 | -€147 | -3.3% |
| Recurring financial charges | 65 | €4,401 | €4,254 | -€147 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €73,326 | €172,712 | +€99,386 | +136% |
| Income taxes | 67/77 | €24,363 | €55,149 | +€30,785 | +126% |
| Profit (loss) for the period | 9904 | €48,963 | €117,564 | +€68,601 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €48,963 | €117,564 | +€68,601 | +140% |
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 3 November 2026 via checked.be.