STALPOM: 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.
STALPOM
Largest movements
- Tangible fixed assets +€561,215
up €561,215 (+123.9%), from €453,033 to €1.0m
of which Land and buildings: +€549,293
- Cash -€268,156
down €268,156 (-54.4%), from €492,916 to €224,760
mainly Investment in fixed assets (net) (-€632,230) and Trade debts (-€116,488)
- Receivables within one year -€63,853
down €63,853 (-22.3%), from €286,322 to €222,469
of which Trade receivables: -€38,244
- Debts after one year +€290,000
up €290,000 (+966.7%), from €30,000 to €320,000
- Trade debts -€116,488
down €116,488 (-18.5%), from €628,410 to €511,923
- Current portion of long-term debt +€72,500
up €72,500 (+193.3%), from €37,500 to €110,000
- Accrued charges and deferred income -€58,275
no longer reported in 2025 (was €58,275)
- Profit (loss) carried forward +€26,900
up €26,900 (+12.2%), from €220,693 to €247,593
- Gross operating margin +€107,810
up €107,810 (+117.0%), from €92,180 to €199,990
- Other operating charges +€73,730
up €73,730 (+1343.2%), from €5,489 to €79,220
- Financial charges +€7,443
up €7,443 (+86.3%), from €8,625 to €16,068
- Taxes +€5,452
up €5,452 (+408.1%), from €1,336 to €6,787
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 | €1,232,271 | €1,461,477 | +€229,206 | +18.6% |
| Fixed assets | 21/28 | €453,033 | €1,014,248 | +€561,215 | +123.9% |
| Tangible fixed assets | 22/27 | €453,033 | €1,014,248 | +€561,215 | +123.9% |
| Land and buildings | 22 | €408,330 | €957,623 | +€549,293 | +134.5% |
| Plant, machinery and equipment | 23 | €28,703 | €48,625 | +€19,922 | +69.4% |
| Furniture and vehicles | 24 | €16,000 | €8,000 | -€8,000 | -50.0% |
| Current assets | 29/58 | €779,238 | €447,229 | -€332,009 | -42.6% |
| Amounts receivable within one year | 40/41 | €286,322 | €222,469 | -€63,853 | -22.3% |
| Trade receivables | 40 | €222,731 | €184,487 | -€38,244 | -17.2% |
| Other amounts receivable | 41 | €63,591 | €37,981 | -€25,609 | -40.3% |
| Cash at bank and in hand | 54/58 | €492,916 | €224,760 | -€268,156 | -54.4% |
| Total equity and liabilities | 10/49 | €1,232,271 | €1,461,477 | +€229,206 | +18.6% |
| Equity | 10/15 | €288,893 | €315,793 | +€26,900 | +9.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €220,693 | €247,593 | +€26,900 | +12.2% |
| Amounts payable | 17/49 | €943,378 | €1,145,684 | +€202,306 | +21.4% |
| Amounts payable after more than one year | 17 | €30,000 | €320,000 | +€290,000 | +966.7% |
| Financial debts | 170/4 | €30,000 | €320,000 | +€290,000 | +966.7% |
| Amounts payable within one year | 42/48 | €855,103 | €825,684 | -€29,419 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €37,500 | €110,000 | +€72,500 | +193.3% |
| Trade debts | 44 | €628,410 | €511,923 | -€116,488 | -18.5% |
| Suppliers | 440/4 | €628,410 | €511,923 | -€116,488 | -18.5% |
| Taxes, remuneration and social security | 45 | €2,214 | €6,286 | +€4,072 | +183.9% |
| Taxes | 450/3 | €2,214 | €6,286 | +€4,072 | +183.9% |
| Other amounts payable | 47/48 | €186,978 | €197,475 | +€10,497 | +5.6% |
| Accrued charges and deferred income | 492/3 | €58,275 | - | -€58,275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,245 | €71,015 | -€231 | -0.3% |
| Other operating charges | 640/8 | €5,489 | €79,220 | +€73,730 | +1343.2% |
| Gross operating margin | 9900 | €92,180 | €199,990 | +€107,810 | +117.0% |
| Operating profit (loss) | 9901 | €15,445 | €49,755 | +€34,310 | +222.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -91.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -91.3% |
| Financial charges | 65/66B | €8,625 | €16,068 | +€7,443 | +86.3% |
| Recurring financial charges | 65 | €8,625 | €16,068 | +€7,443 | +86.3% |
| Profit (loss) for the period before taxes | 9903 | €6,820 | €33,687 | +€26,867 | +393.9% |
| Income taxes | 67/77 | €1,336 | €6,787 | +€5,452 | +408.1% |
| Profit (loss) for the period | 9904 | €5,484 | €26,900 | +€21,416 | +390.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,484 | €26,900 | +€21,416 | +390.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.