STALVA: 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.
STALVA
Largest movements
- Cash +€84,268
up €84,268 (+37.1%), from €226,849 to €311,117
mainly Net result for the year (+€90,523) and Tax, wage and social debts (+€42,392)
- Tangible fixed assets +€20,480
up €20,480 (+67.0%), from €30,561 to €51,041
of which Plant, machinery and equipment: +€13,594
- Receivables within one year +€17,677
up €17,677 (+27.2%), from €64,888 to €82,566
of which Other amounts receivable: +€39,457
- Reserves +€50,000
up €50,000 (+25.5%), from €196,220 to €246,220
of which Distributable reserves: +€50,000
- Tax, wage and social debts +€42,392
up €42,392 (+32.1%), from €132,065 to €174,457
of which Taxes: +€49,059
- Profit (loss) carried forward +€40,523
up €40,523 (+38.4%), from -€105,448 to -€64,926
- Gross operating margin +€26,801
up €26,801 (+7.4%), from €360,464 to €387,265
- Taxes +€13,774
up €13,774 (+46.9%), from €29,348 to €43,122
- Staff costs +€10,213
up €10,213 (+4.5%), from €226,987 to €237,200
- Other operating charges -€8,970
down €8,970 (-67.0%), from €13,392 to €4,422
- Depreciation +€4,266
up €4,266 (+97.5%), from €4,374 to €8,640
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €444,751 | €571,615 | +€126,864 | +28.5% |
| Fixed assets | 21/28 | €92,627 | €113,107 | +€20,480 | +22.1% |
| Tangible fixed assets | 22/27 | €30,561 | €51,041 | +€20,480 | +67.0% |
| Plant, machinery and equipment | 23 | €17,152 | €30,746 | +€13,594 | +79.3% |
| Furniture and vehicles | 24 | €13,409 | €20,295 | +€6,886 | +51.4% |
| Financial fixed assets | 28 | €62,067 | €62,067 | = | 0.0% |
| Current assets | 29/58 | €352,124 | €458,508 | +€106,384 | +30.2% |
| Stocks and contracts in progress | 3 | €3,772 | €3,415 | -€357 | -9.5% |
| Stocks | 30/36 | €3,772 | €3,415 | -€357 | -9.5% |
| Amounts receivable within one year | 40/41 | €64,888 | €82,566 | +€17,677 | +27.2% |
| Trade receivables | 40 | €21,780 | - | -€21,780 | |
| Other amounts receivable | 41 | €43,108 | €82,566 | +€39,457 | +91.5% |
| Current investments | 50/53 | €3,849 | €4,732 | +€883 | +22.9% |
| Cash at bank and in hand | 54/58 | €226,849 | €311,117 | +€84,268 | +37.1% |
| Deferred charges and accrued income | 490/1 | €52,766 | €56,679 | +€3,913 | +7.4% |
| Total equity and liabilities | 10/49 | €444,751 | €571,615 | +€126,864 | +28.5% |
| Equity | 10/15 | €96,971 | €187,494 | +€90,523 | +93.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €196,220 | €246,220 | +€50,000 | +25.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €194,360 | €244,360 | +€50,000 | +25.7% |
| Profit (loss) carried forward | 14 | -€105,448 | -€64,926 | +€40,523 | +38.4% |
| Amounts payable | 17/49 | €347,780 | €384,122 | +€36,341 | +10.4% |
| Amounts payable within one year | 42/48 | €347,780 | €384,122 | +€36,341 | +10.4% |
| Trade debts | 44 | €212,243 | €208,317 | -€3,926 | -1.8% |
| Suppliers | 440/4 | €212,243 | €208,317 | -€3,926 | -1.8% |
| Taxes, remuneration and social security | 45 | €132,065 | €174,457 | +€42,392 | +32.1% |
| Taxes | 450/3 | €85,572 | €134,631 | +€49,059 | +57.3% |
| Remuneration and social security | 454/9 | €46,493 | €39,826 | -€6,667 | -14.3% |
| Other amounts payable | 47/48 | €3,473 | €1,348 | -€2,125 | -61.2% |
| Remuneration, social security and pensions | 62 | €226,987 | €237,200 | +€10,213 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,374 | €8,640 | +€4,266 | +97.5% |
| Other operating charges | 640/8 | €13,392 | €4,422 | -€8,970 | -67.0% |
| Gross operating margin | 9900 | €360,464 | €387,265 | +€26,801 | +7.4% |
| Operating profit (loss) | 9901 | €115,712 | €137,003 | +€21,291 | +18.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.5% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.5% |
| Financial charges | 65/66B | €2,265 | €3,359 | +€1,094 | +48.3% |
| Recurring financial charges | 65 | €2,265 | €3,359 | +€1,094 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | €113,449 | €133,645 | +€20,196 | +17.8% |
| Income taxes | 67/77 | €29,348 | €43,122 | +€13,774 | +46.9% |
| Profit (loss) for the period | 9904 | €84,101 | €90,523 | +€6,422 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €84,101 | €90,523 | +€6,422 | +7.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.