STALSO: 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.
STALSO
Largest movements
- Receivables after one year -€1.1m
no longer reported in 2025 (was €1.1m)
- Current investments +€325,000
up €325,000 (+325.0%), from €100,000 to €425,000
- Receivables within one year +€240,645
new in 2025: €240,645
- Debts after one year -€1.2m
no longer reported in 2025 (was €1.2m)
- Short-term financial debts +€645,000
new in 2025: €645,000
- Profit (loss) carried forward +€43,243
up €43,243 (+51.4%), from €84,151 to €127,394
- Turnover +€29,544
up €29,544 (+37.7%), from €78,456 to €108,000
- Gross operating margin +€16,407
up €16,407 (+66.6%), from €24,652 to €41,059
- Financial income +€13,642
up €13,642 (+1070.0%), from €1,275 to €14,917
- Purchases and services +€13,137
up €13,137 (+24.4%), from €53,804 to €66,941
- Taxes +€4,963
up €4,963 (+67.0%), from €7,408 to €12,371
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 | €1,332,771 | €812,283 | -€520,488 | -39.1% |
| Current assets | 29/58 | €1,332,771 | €812,283 | -€520,488 | -39.1% |
| Amounts receivable after more than one year | 29 | €1,080,000 | - | -€1.1m | |
| Other amounts receivable | 291 | €1,080,000 | - | -€1.1m | |
| Amounts receivable within one year | 40/41 | - | €240,645 | +€240,645 | |
| Other amounts receivable | 41 | - | €240,645 | +€240,645 | |
| Current investments | 50/53 | €100,000 | €425,000 | +€325,000 | +325.0% |
| Cash at bank and in hand | 54/58 | €152,771 | €146,638 | -€6,133 | -4.0% |
| Total equity and liabilities | 10/49 | €1,332,771 | €812,283 | -€520,488 | -39.1% |
| Equity | 10/15 | €94,151 | €137,394 | +€43,243 | +45.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | - | €10,000 | +€10,000 | |
| Issued capital | 100 | - | €10,000 | +€10,000 | |
| Outside capital | 11 | €10,000 | - | -€10,000 | |
| Other | 1109/19 | €10,000 | - | -€10,000 | |
| Profit (loss) carried forward | 14 | €84,151 | €127,394 | +€43,243 | +51.4% |
| Amounts payable | 17/49 | €1,238,620 | €674,889 | -€563,731 | -45.5% |
| Amounts payable after more than one year | 17 | €1,200,000 | - | -€1.2m | |
| Other amounts payable | 178/9 | €1,200,000 | - | -€1.2m | |
| Amounts payable within one year | 42/48 | €38,620 | €674,889 | +€636,269 | +1647.5% |
| Financial debts | 43 | - | €645,000 | +€645,000 | |
| Other loans | 439 | - | €645,000 | +€645,000 | |
| Trade debts | 44 | €1,644 | €3,959 | +€2,315 | +140.8% |
| Suppliers | 440/4 | €1,644 | €3,959 | +€2,315 | +140.8% |
| Taxes, remuneration and social security | 45 | €36,976 | €25,930 | -€11,046 | -29.9% |
| Taxes | 450/3 | €36,976 | €25,930 | -€11,046 | -29.9% |
| Turnover | 70 | €78,456 | €108,000 | +€29,544 | +37.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €53,804 | €66,941 | +€13,137 | +24.4% |
| Gross operating margin | 9900 | €24,652 | €41,059 | +€16,407 | +66.6% |
| Operating profit (loss) | 9901 | €24,652 | €41,059 | +€16,407 | +66.6% |
| Financial income | 75/76B | €1,275 | €14,917 | +€13,642 | +1070.0% |
| Recurring financial income | 75 | €1,275 | €14,917 | +€13,642 | +1070.0% |
| Financial charges | 65/66B | - | €362 | +€362 | |
| Recurring financial charges | 65 | - | €362 | +€362 | |
| Profit (loss) for the period before taxes | 9903 | €25,927 | €55,614 | +€29,687 | +114.5% |
| Income taxes | 67/77 | €7,408 | €12,371 | +€4,963 | +67.0% |
| Profit (loss) for the period | 9904 | €18,519 | €43,243 | +€24,724 | +133.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,519 | €43,243 | +€24,724 | +133.5% |
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 8 October 2026 via checked.be.