STAMPAERT: 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.
STAMPAERT
Largest movements
- Stocks and contracts +€312,563
up €312,563 (+30.4%), from €1.0m to €1.3m
- Receivables within one year +€76,667
up €76,667 (+1980.0%), from €3,872 to €80,539
of which Other amounts receivable: +€58,088
- Tangible fixed assets -€41,175
down €41,175 (-13.1%), from €315,191 to €274,017
of which Furniture and vehicles: -€23,847
- Reserves +€209,116
up €209,116 (+19.1%), from €1.1m to €1.3m
- Short-term financial debts +€105,000
up €105,000 (+525.0%), from €20,000 to €125,000
- Trade debts +€58,570
up €58,570 (+123.4%), from €47,460 to €106,030
- Debts after one year -€32,380
down €32,380 (-70.3%), from €46,061 to €13,681
- Other debts +€18,646
up €18,646 (+44.1%), from €42,239 to €60,885
- Gross operating margin +€146,908
up €146,908 (+49.7%), from €295,860 to €442,768
- Taxes +€39,796
up €39,796 (+48.2%), from €82,491 to €122,287
- Financial income -€20,510
down €20,510 (-96.7%), from €21,220 to €710
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 | €1,392,196 | €1,738,075 | +€345,879 | +24.8% |
| Fixed assets | 21/28 | €315,191 | €274,017 | -€41,175 | -13.1% |
| Tangible fixed assets | 22/27 | €315,191 | €274,017 | -€41,175 | -13.1% |
| Land and buildings | 22 | €255,512 | €241,824 | -€13,688 | -5.4% |
| Plant, machinery and equipment | 23 | €11,448 | €12,638 | +€1,190 | +10.4% |
| Furniture and vehicles | 24 | €23,847 | - | -€23,847 | |
| Other tangible fixed assets | 26 | €24,384 | €19,555 | -€4,829 | -19.8% |
| Current assets | 29/58 | €1,077,004 | €1,464,058 | +€387,054 | +35.9% |
| Stocks and contracts in progress | 3 | €1,026,881 | €1,339,443 | +€312,563 | +30.4% |
| Stocks | 30/36 | €1,026,881 | €1,339,443 | +€312,563 | +30.4% |
| Amounts receivable within one year | 40/41 | €3,872 | €80,539 | +€76,667 | +1980.0% |
| Trade receivables | 40 | €3,872 | €22,451 | +€18,579 | +479.8% |
| Other amounts receivable | 41 | - | €58,088 | +€58,088 | |
| Cash at bank and in hand | 54/58 | €41,807 | €39,561 | -€2,246 | -5.4% |
| Deferred charges and accrued income | 490/1 | €4,444 | €4,515 | +€70 | +1.6% |
| Total equity and liabilities | 10/49 | €1,392,196 | €1,738,075 | +€345,879 | +24.8% |
| Equity | 10/15 | €1,117,661 | €1,326,777 | +€209,116 | +18.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,097,661 | €1,306,777 | +€209,116 | +19.1% |
| Distributable reserves | 133 | €1,097,661 | €1,306,777 | +€209,116 | +19.1% |
| Amounts payable | 17/49 | €274,535 | €411,298 | +€136,763 | +49.8% |
| Amounts payable after more than one year | 17 | €46,061 | €13,681 | -€32,380 | -70.3% |
| Financial debts | 170/4 | €46,061 | €13,681 | -€32,380 | -70.3% |
| Amounts payable within one year | 42/48 | €228,474 | €397,617 | +€169,143 | +74.0% |
| Current portion of amounts payable after more than one year | 42 | €43,419 | €32,380 | -€11,039 | -25.4% |
| Financial debts | 43 | €20,000 | €125,000 | +€105,000 | +525.0% |
| Credit institutions | 430/8 | €20,000 | €125,000 | +€105,000 | +525.0% |
| Trade debts | 44 | €47,460 | €106,030 | +€58,570 | +123.4% |
| Suppliers | 440/4 | €47,460 | €106,030 | +€58,570 | +123.4% |
| Taxes, remuneration and social security | 45 | €75,355 | €73,321 | -€2,034 | -2.7% |
| Taxes | 450/3 | €75,355 | €73,321 | -€2,034 | -2.7% |
| Other amounts payable | 47/48 | €42,239 | €60,885 | +€18,646 | +44.1% |
| Non-recurring operating income | 76A | - | €13,444 | +€13,444 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,801 | €35,722 | -€1,079 | -2.9% |
| Other operating charges | 640/8 | €3,307 | €4,759 | +€1,452 | +43.9% |
| Gross operating margin | 9900 | €295,860 | €442,768 | +€146,908 | +49.7% |
| Operating profit (loss) | 9901 | €255,751 | €402,286 | +€146,535 | +57.3% |
| Financial income | 75/76B | €21,220 | €710 | -€20,510 | -96.7% |
| Recurring financial income | 75 | €21,220 | €710 | -€20,510 | -96.7% |
| Financial charges | 65/66B | €6,085 | €7,504 | +€1,418 | +23.3% |
| Recurring financial charges | 65 | €6,085 | €7,504 | +€1,418 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €270,886 | €395,492 | +€124,607 | +46.0% |
| Income taxes | 67/77 | €82,491 | €122,287 | +€39,796 | +48.2% |
| Profit (loss) for the period | 9904 | €188,395 | €273,205 | +€84,810 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €188,395 | €273,205 | +€84,810 | +45.0% |
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 5 October 2026 via checked.be.