STALSHOP: 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.
STALSHOP
Largest movements
- Cash -€619,847
down €619,847 (-46.5%), from €1.3m to €711,937
mainly Contributions, distributions and other (-€650,000) and Other debts (-€299,162)
- Tangible fixed assets -€61,357
down €61,357 (-16.8%), from €364,911 to €303,554
of which Plant, machinery and equipment: -€43,335
- Stocks and contracts +€34,674
up €34,674 (+8.1%), from €427,290 to €461,964
- Profit (loss) carried forward -€326,511
down €326,511 (-33.4%), from €977,525 to €651,014
- Other debts -€299,162
down €299,162 (-85.7%), from €349,162 to €50,000
- Trade debts +€63,954
up €63,954 (+9.7%), from €660,404 to €724,358
- Advances received -€60,733
no longer reported in 2025 (was €60,733)
- Purchases and services +€313,262
up €313,262 (+3.4%), from €9.2m to €9.5m
- Turnover +€294,096
up €294,096 (+3.0%), from €9.8m to €10.1m
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 | €2,318,407 | €1,681,494 | -€636,913 | -27.5% |
| Fixed assets | 21/28 | €365,081 | €303,724 | -€61,357 | -16.8% |
| Tangible fixed assets | 22/27 | €364,911 | €303,554 | -€61,357 | -16.8% |
| Plant, machinery and equipment | 23 | €315,012 | €271,677 | -€43,335 | -13.8% |
| Furniture and vehicles | 24 | €49,900 | €31,877 | -€18,023 | -36.1% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €1,953,326 | €1,377,770 | -€575,556 | -29.5% |
| Stocks and contracts in progress | 3 | €427,290 | €461,964 | +€34,674 | +8.1% |
| Stocks | 30/36 | €427,290 | €461,964 | +€34,674 | +8.1% |
| Amounts receivable within one year | 40/41 | €160,422 | €181,600 | +€21,178 | +13.2% |
| Trade receivables | 40 | €122,456 | €132,664 | +€10,208 | +8.3% |
| Other amounts receivable | 41 | €37,966 | €48,936 | +€10,970 | +28.9% |
| Cash at bank and in hand | 54/58 | €1,331,784 | €711,937 | -€619,847 | -46.5% |
| Deferred charges and accrued income | 490/1 | €33,831 | €22,269 | -€11,562 | -34.2% |
| Total equity and liabilities | 10/49 | €2,318,407 | €1,681,494 | -€636,913 | -27.5% |
| Equity | 10/15 | €1,087,525 | €761,014 | -€326,511 | -30.0% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €977,525 | €651,014 | -€326,511 | -33.4% |
| Amounts payable | 17/49 | €1,230,883 | €920,480 | -€310,403 | -25.2% |
| Amounts payable after more than one year | 17 | €49,985 | €29,909 | -€20,076 | -40.2% |
| Financial debts | 170/4 | €49,985 | €29,909 | -€20,076 | -40.2% |
| Amounts payable within one year | 42/48 | €1,180,897 | €890,571 | -€290,326 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €19,258 | €20,076 | +€818 | +4.2% |
| Trade debts | 44 | €660,404 | €724,358 | +€63,954 | +9.7% |
| Suppliers | 440/4 | €660,404 | €724,358 | +€63,954 | +9.7% |
| Advances received on contracts in progress | 46 | €60,733 | - | -€60,733 | |
| Taxes, remuneration and social security | 45 | €91,340 | €96,137 | +€4,797 | +5.3% |
| Taxes | 450/3 | €6,772 | €14,140 | +€7,368 | +109% |
| Remuneration and social security | 454/9 | €84,568 | €81,997 | -€2,571 | -3.0% |
| Other amounts payable | 47/48 | €349,162 | €50,000 | -€299,162 | -85.7% |
| Turnover | 70 | €9,841,273 | €10,135,369 | +€294,096 | +3.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €9,217,371 | €9,530,633 | +€313,262 | +3.4% |
| Remuneration, social security and pensions | 62 | €452,402 | €498,908 | +€46,506 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,704 | €70,108 | -€8,596 | -10.9% |
| Other operating charges | 640/8 | €26,709 | €28,060 | +€1,351 | +5.1% |
| Non-recurring operating charges | 66A | €370 | - | -€370 | |
| Gross operating margin | 9900 | €1,050,124 | €1,036,203 | -€13,921 | -1.3% |
| Operating profit (loss) | 9901 | €491,938 | €439,127 | -€52,811 | -10.7% |
| Financial income | 75/76B | €12,373 | €9,187 | -€3,186 | -25.8% |
| Recurring financial income | 75 | €12,373 | €9,187 | -€3,186 | -25.8% |
| Financial charges | 65/66B | €17,730 | €16,478 | -€1,252 | -7.1% |
| Recurring financial charges | 65 | €17,730 | €16,478 | -€1,252 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €486,582 | €431,836 | -€54,746 | -11.3% |
| Income taxes | 67/77 | €121,300 | €108,347 | -€12,953 | -10.7% |
| Profit (loss) for the period | 9904 | €365,282 | €323,489 | -€41,793 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €365,282 | €323,489 | -€41,793 | -11.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.