STAPPER: 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.
What changed
STAPPER
NACE 47.721, Retail sale of footwear
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€317,106
2024 · €334,859-€17,754
Equity
€1.5m
2024 · €1.2m+€317,106
Cash
€897,391
2024 · €720,323+€177,067
Balance sheet total
€1.8m
2024 · €1.5m+€277,601
Largest movements
Assets
- Cash +€177,067
up €177,067 (+24.6%), from €720,323 to €897,391
mainly Net result for the year (+€317,106) and Depreciation (+€50,365)
- Stocks and contracts +€74,875
up €74,875 (+12.8%), from €585,842 to €660,717
- Deferred charges and accrued income +€24,742
up €24,742 (+310.2%), from €7,976 to €32,717
Equity and liabilities
- Reserves +€317,106
up €317,106 (+31.3%), from €1.0m to €1.3m
of which Distributable reserves: +€317,106
- Trade debts -€25,460
down €25,460 (-45.4%), from €56,102 to €30,641
Income statement
- Staff costs +€56,353
up €56,353 (+10.7%), from €525,703 to €582,056
- Gross operating margin +€33,317
up €33,317 (+3.2%), from €1.0m to €1.1m
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.
Result 2024
€334,859
Gross operating margin
+€33,317
Staff costs
-€56,353
Depreciation
+€7,621
Other operating charges
-€4,564
Other operating items
-€643
Financial income
+€66
Financial charges
-€2,036
Taxes
+€4,838
Result 2025
€317,106
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.
From operations
+€210,922
Investment
-€34,606
Financing
+€752
Cash 2024
€720,323
From operations (derived)
+€210,922
Net result for the year
+€317,106
Depreciation
+€50,365
Stocks and contracts
-€74,875
Receivables within one year
-€16,677
Deferred charges and accrued income
-€24,742
Trade debts
-€25,460
Tax, wage and social debts
-€12,029
Other debts
-€4,289
Accrued charges and deferred income
+€1,522
Investment (derived)
-€34,606
Investment in fixed assets (net)
-€34,606
Financing
+€752
Current portion of long-term debt
+€7,587
Short-term financial debts
-€6,835
Cash 2025
€897,391
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,503,750 | €1,781,352 | +€277,601 | +18.5% |
| Fixed assets | 21/28 | €104,205 | €88,446 | -€15,759 | -15.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €103,586 | €87,826 | -€15,759 | -15.2% |
| Land and buildings | 22 | €31,791 | €20,932 | -€10,859 | -34.2% |
| Plant, machinery and equipment | 23 | €7,893 | €7,401 | -€491 | -6.2% |
| Furniture and vehicles | 24 | €33,902 | €44,493 | +€10,591 | +31.2% |
| Other tangible fixed assets | 26 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €1,399,545 | €1,692,906 | +€293,361 | +21.0% |
| Stocks and contracts in progress | 3 | €585,842 | €660,717 | +€74,875 | +12.8% |
| Stocks | 30/36 | €585,842 | €660,717 | +€74,875 | +12.8% |
| Amounts receivable within one year | 40/41 | €85,404 | €102,081 | +€16,677 | +19.5% |
| Trade receivables | 40 | €2,340 | €14,268 | +€11,929 | +509.9% |
| Other amounts receivable | 41 | €83,064 | €87,813 | +€4,748 | +5.7% |
| Cash at bank and in hand | 54/58 | €720,323 | €897,391 | +€177,067 | +24.6% |
| Deferred charges and accrued income | 490/1 | €7,976 | €32,717 | +€24,742 | +310.2% |
| Total equity and liabilities | 10/49 | €1,503,750 | €1,781,352 | +€277,601 | +18.5% |
| Equity | 10/15 | €1,197,203 | €1,514,309 | +€317,106 | +26.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,014,236 | €1,331,342 | +€317,106 | +31.3% |
| Non-distributable reserves | 130/1 | €2,571 | €2,571 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,571 | €2,571 | = | 0.0% |
| Distributable reserves | 133 | €1,011,665 | €1,328,770 | +€317,106 | +31.3% |
| Profit (loss) carried forward | 14 | €176,768 | €176,768 | = | 0.0% |
| Amounts payable | 17/49 | €306,547 | €267,043 | -€39,504 | -12.9% |
| Amounts payable within one year | 42/48 | €297,079 | €256,053 | -€41,026 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | - | €7,587 | +€7,587 | |
| Financial debts | 43 | €6,835 | €0 | -€6,835 | -100.0% |
| Credit institutions | 430/8 | €6,835 | €0 | -€6,835 | -100.0% |
| Trade debts | 44 | €56,102 | €30,641 | -€25,460 | -45.4% |
| Suppliers | 440/4 | €56,102 | €30,641 | -€25,460 | -45.4% |
| Advances received on contracts in progress | 46 | €1,050 | €1,050 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €138,340 | €126,311 | -€12,029 | -8.7% |
| Taxes | 450/3 | €107,207 | €90,501 | -€16,706 | -15.6% |
| Remuneration and social security | 454/9 | €31,133 | €35,810 | +€4,677 | +15.0% |
| Other amounts payable | 47/48 | €94,752 | €90,464 | -€4,289 | -4.5% |
| Accrued charges and deferred income | 492/3 | €9,468 | €10,990 | +€1,522 | +16.1% |
| Remuneration, social security and pensions | 62 | €525,703 | €582,056 | +€56,353 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,986 | €50,365 | -€7,621 | -13.1% |
| Other operating charges | 640/8 | €16,340 | €20,904 | +€4,564 | +27.9% |
| Non-recurring operating charges | 66A | €82 | €725 | +€643 | +780.6% |
| Gross operating margin | 9900 | €1,040,475 | €1,073,793 | +€33,317 | +3.2% |
| Operating profit (loss) | 9901 | €440,364 | €419,743 | -€20,622 | -4.7% |
| Financial income | 75/76B | €47,836 | €47,902 | +€66 | +0.1% |
| Recurring financial income | 75 | €47,836 | €47,902 | +€66 | +0.1% |
| Financial charges | 65/66B | €12,439 | €14,474 | +€2,036 | +16.4% |
| Recurring financial charges | 65 | €12,439 | €14,474 | +€2,036 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €475,762 | €453,171 | -€22,591 | -4.7% |
| Income taxes | 67/77 | €140,903 | €136,065 | -€4,838 | -3.4% |
| Profit (loss) for the period | 9904 | €334,859 | €317,106 | -€17,754 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €334,859 | €317,106 | -€17,754 | -5.3% |
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 3 October 2026 via checked.be.