STAPPERS P.: 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.
STAPPERS P.
Largest movements
- Tangible fixed assets -€54,192
down €54,192 (-30.7%), from €176,423 to €122,231
of which Land and buildings: -€37,477
- Cash +€33,421
up €33,421 (+12.7%), from €263,371 to €296,791
mainly Net result for the year (+€112,401) and Depreciation (+€54,893)
- Stocks and contracts +€22,967
up €22,967 (+35.0%), from €65,709 to €88,676
- Reserves +€112,401
up €112,401 (+37.7%), from €297,924 to €410,325
- Other debts -€78,047
down €78,047 (-98.6%), from €79,162 to €1,116
- Debts after one year -€47,224
down €47,224 (-31.9%), from €148,241 to €101,018
- Trade debts +€17,429
up €17,429 (+19.7%), from €88,633 to €106,062
- Gross operating margin +€89,737
up €89,737 (+57.0%), from €157,514 to €247,251
- Taxes +€26,093
up €26,093 (+110%), from €23,633 to €49,726
- Financial charges +€18,764
up €18,764 (+138%), from €13,563 to €32,327
- Write-downs -€14,693
new in 2025: -€14,693
- Other operating charges +€10,851
up €10,851 (+222%), from €4,884 to €15,734
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.
Derived cash bridge
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 | €721,168 | €728,282 | +€7,114 | +1.0% |
| Fixed assets | 21/28 | €176,727 | €122,536 | -€54,192 | -30.7% |
| Tangible fixed assets | 22/27 | €176,423 | €122,231 | -€54,192 | -30.7% |
| Land and buildings | 22 | €134,113 | €96,637 | -€37,477 | -27.9% |
| Plant, machinery and equipment | 23 | €14,560 | €8,302 | -€6,257 | -43.0% |
| Furniture and vehicles | 24 | €27,749 | €17,292 | -€10,458 | -37.7% |
| Financial fixed assets | 28 | €305 | €305 | = | 0.0% |
| Current assets | 29/58 | €544,441 | €605,746 | +€61,305 | +11.3% |
| Amounts receivable after more than one year | 29 | €185,436 | €187,272 | +€1,836 | +1.0% |
| Other amounts receivable | 291 | €185,436 | €187,272 | +€1,836 | +1.0% |
| Stocks and contracts in progress | 3 | €65,709 | €88,676 | +€22,967 | +35.0% |
| Stocks | 30/36 | €65,709 | €88,676 | +€22,967 | +35.0% |
| Amounts receivable within one year | 40/41 | €27,903 | €30,020 | +€2,117 | +7.6% |
| Trade receivables | 40 | €4,304 | €4,978 | +€674 | +15.7% |
| Other amounts receivable | 41 | €23,599 | €25,042 | +€1,443 | +6.1% |
| Current investments | 50/53 | €320 | €320 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €263,371 | €296,791 | +€33,421 | +12.7% |
| Deferred charges and accrued income | 490/1 | €1,701 | €2,666 | +€965 | +56.7% |
| Total equity and liabilities | 10/49 | €721,168 | €728,282 | +€7,114 | +1.0% |
| Equity | 10/15 | €310,316 | €422,717 | +€112,401 | +36.2% |
| Contributions | 10/11 | €12,392 | €12,392 | = | 0.0% |
| Reserves | 13 | €297,924 | €410,325 | +€112,401 | +37.7% |
| Distributable reserves | 133 | €297,924 | €410,325 | +€112,401 | +37.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €410,851 | €305,565 | -€105,287 | -25.6% |
| Amounts payable after more than one year | 17 | €148,241 | €101,018 | -€47,224 | -31.9% |
| Financial debts | 170/4 | €148,241 | €101,018 | -€47,224 | -31.9% |
| Amounts payable within one year | 42/48 | €259,148 | €203,178 | -€55,970 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €48,732 | €47,224 | -€1,508 | -3.1% |
| Trade debts | 44 | €88,633 | €106,062 | +€17,429 | +19.7% |
| Suppliers | 440/4 | €88,633 | €106,062 | +€17,429 | +19.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €42,621 | €48,777 | +€6,156 | +14.4% |
| Taxes | 450/3 | €42,621 | €48,777 | +€6,156 | +14.4% |
| Other amounts payable | 47/48 | €79,162 | €1,116 | -€78,047 | -98.6% |
| Accrued charges and deferred income | 492/3 | €3,463 | €1,369 | -€2,094 | -60.5% |
| Remuneration, social security and pensions | 62 | €542 | €0 | -€542 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,523 | €54,893 | -€4,630 | -7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€14,693 | -€14,693 | |
| Other operating charges | 640/8 | €4,884 | €15,734 | +€10,851 | +222% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €157,514 | €247,251 | +€89,737 | +57.0% |
| Operating profit (loss) | 9901 | €92,566 | €191,317 | +€98,751 | +107% |
| Financial income | 75/76B | €3,138 | €3,136 | -€2 | -0.1% |
| Recurring financial income | 75 | €3,138 | €3,136 | -€2 | -0.1% |
| Financial charges | 65/66B | €13,563 | €32,327 | +€18,764 | +138% |
| Recurring financial charges | 65 | €13,563 | €32,327 | +€18,764 | +138% |
| Profit (loss) for the period before taxes | 9903 | €82,142 | €162,126 | +€79,985 | +97.4% |
| Income taxes | 67/77 | €23,633 | €49,726 | +€26,093 | +110% |
| Profit (loss) for the period | 9904 | €58,509 | €112,401 | +€53,892 | +92.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,509 | €112,401 | +€53,892 | +92.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.