Stalumat: 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.
Stalumat
Largest movements
- Receivables within one year +€12,871
up €12,871 (+61.2%), from €21,018 to €33,889
of which Trade receivables: +€7,660
- Tangible fixed assets -€3,344
down €3,344 (-43.0%), from €7,772 to €4,428
- Cash +€3,228
up €3,228 (+324.1%), from €996 to €4,224
mainly Other debts (+€15,359) and Net result for the year (+€14,916)
- Deferred charges and accrued income -€1,960
down €1,960 (-100.0%), from €1,960 to €0
- Other debts +€15,359
up €15,359 (+953.7%), from €1,611 to €16,970
- Reserves -€5,084
down €5,084 (-25.7%), from €19,754 to €14,670
- Tax, wage and social debts +€5,011
up €5,011 (+580.3%), from €864 to €5,874
of which Taxes: +€3,051
- Accrued charges and deferred income -€4,000
down €4,000 (-100.0%), from €4,000 to €0
- Trade debts -€491
down €491 (-16.3%), from €3,017 to €2,526
- Gross operating margin +€17,501
up €17,501 (+429.2%), from €4,077 to €21,578
- Taxes +€3,937
up €3,937 (+1984.7%), from €198 to €4,135
- Depreciation -€482
down €482 (-22.1%), from €2,181 to €1,699
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 | €31,746 | €42,540 | +€10,795 | +34.0% |
| Fixed assets | 21/28 | €7,772 | €4,428 | -€3,344 | -43.0% |
| Tangible fixed assets | 22/27 | €7,772 | €4,428 | -€3,344 | -43.0% |
| Plant, machinery and equipment | 23 | €7,772 | €4,428 | -€3,344 | -43.0% |
| Current assets | 29/58 | €23,974 | €38,113 | +€14,139 | +59.0% |
| Amounts receivable within one year | 40/41 | €21,018 | €33,889 | +€12,871 | +61.2% |
| Trade receivables | 40 | €20,400 | €28,060 | +€7,660 | +37.5% |
| Other amounts receivable | 41 | €618 | €5,829 | +€5,211 | +843.8% |
| Cash at bank and in hand | 54/58 | €996 | €4,224 | +€3,228 | +324.1% |
| Deferred charges and accrued income | 490/1 | €1,960 | €0 | -€1,960 | -100.0% |
| Total equity and liabilities | 10/49 | €31,746 | €42,540 | +€10,795 | +34.0% |
| Equity | 10/15 | €22,254 | €17,170 | -€5,084 | -22.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €19,754 | €14,670 | -€5,084 | -25.7% |
| Distributable reserves | 133 | €19,754 | €14,670 | -€5,084 | -25.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,491 | €25,370 | +€15,879 | +167.3% |
| Amounts payable within one year | 42/48 | €5,491 | €25,370 | +€19,879 | +362.0% |
| Trade debts | 44 | €3,017 | €2,526 | -€491 | -16.3% |
| Suppliers | 440/4 | €3,017 | €2,526 | -€491 | -16.3% |
| Taxes, remuneration and social security | 45 | €864 | €5,874 | +€5,011 | +580.3% |
| Taxes | 450/3 | €864 | €3,914 | +€3,051 | +353.3% |
| Remuneration and social security | 454/9 | - | €1,960 | +€1,960 | |
| Other amounts payable | 47/48 | €1,611 | €16,970 | +€15,359 | +953.7% |
| Accrued charges and deferred income | 492/3 | €4,000 | €0 | -€4,000 | -100.0% |
| Non-recurring operating income | 76A | - | €1,355 | +€1,355 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,181 | €1,699 | -€482 | -22.1% |
| Other operating charges | 640/8 | €513 | €611 | +€98 | +19.2% |
| Gross operating margin | 9900 | €4,077 | €21,578 | +€17,501 | +429.2% |
| Operating profit (loss) | 9901 | €1,383 | €19,268 | +€17,885 | +1293.4% |
| Financial income | 75/76B | €5 | €109 | +€104 | +2089.0% |
| Recurring financial income | 75 | €5 | €109 | +€104 | +2089.0% |
| Financial charges | 65/66B | €477 | €327 | -€151 | -31.6% |
| Recurring financial charges | 65 | €477 | €327 | -€151 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €910 | €19,051 | +€18,140 | +1992.6% |
| Income taxes | 67/77 | €198 | €4,135 | +€3,937 | +1984.7% |
| Profit (loss) for the period | 9904 | €712 | €14,916 | +€14,204 | +1994.8% |
| Profit (loss) for the period to be appropriated | 9905 | €712 | €14,916 | +€14,204 | +1994.8% |
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.