STASSART HIMBE: 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.
STASSART HIMBE
Largest movements
- Receivables within one year +€532,428
up €532,428 (+168%), from €317,676 to €850,104
of which Trade receivables: +€553,854
- Tangible fixed assets +€243,577
up €243,577 (+30.1%), from €809,700 to €1.1m
of which Plant, machinery and equipment: +€254,599
- Cash -€35,691
down €35,691 (-67.9%), from €52,573 to €16,882
mainly Receivables within one year (-€532,428) and Investment in fixed assets (net) (-€317,337)
- Stocks and contracts -€24,201
down €24,201 (-21.8%), from €110,846 to €86,645
- Debts after one year +€307,239
up €307,239 (+65.5%), from €469,285 to €776,524
- Trade debts +€194,875
up €194,875 (+85.6%), from €227,535 to €422,409
- Short-term financial debts +€61,817
new in 2025: €61,817
- Current portion of long-term debt +€60,422
up €60,422 (+77.6%), from €77,898 to €138,320
- Reserves +€47,518
up €47,518 (+10.5%), from €451,764 to €499,281
of which Tax-exempt reserves: +€43,743
- Gross operating margin +€79,126
up €79,126 (+48.1%), from €164,334 to €243,460
- Depreciation -€21,919
down €21,919 (-23.1%), from €94,911 to €72,992
- Financial charges +€11,803
up €11,803 (+54.9%), from €21,495 to €33,298
- Other operating charges -€10,857
down €10,857 (-54.4%), from €19,956 to €9,099
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 | €1,350,129 | €2,057,391 | +€707,262 | +52.4% |
| Fixed assets | 21/28 | €810,200 | €1,054,545 | +€244,345 | +30.2% |
| Tangible fixed assets | 22/27 | €809,700 | €1,053,277 | +€243,577 | +30.1% |
| Land and buildings | 22 | €615,987 | €602,803 | -€13,184 | -2.1% |
| Plant, machinery and equipment | 23 | €193,714 | €448,313 | +€254,599 | +131% |
| Furniture and vehicles | 24 | €0 | €2,161 | +€2,161 | |
| Financial fixed assets | 28 | €500 | €1,268 | +€768 | +154% |
| Current assets | 29/58 | €539,929 | €1,002,846 | +€462,917 | +85.7% |
| Stocks and contracts in progress | 3 | €110,846 | €86,645 | -€24,201 | -21.8% |
| Stocks | 30/36 | €110,846 | €86,645 | -€24,201 | -21.8% |
| Amounts receivable within one year | 40/41 | €317,676 | €850,104 | +€532,428 | +168% |
| Trade receivables | 40 | €276,181 | €830,036 | +€553,854 | +201% |
| Other amounts receivable | 41 | €41,494 | €20,068 | -€21,426 | -51.6% |
| Current investments | 50/53 | €10,106 | €10,106 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €52,573 | €16,882 | -€35,691 | -67.9% |
| Deferred charges and accrued income | 490/1 | €48,728 | €39,109 | -€9,619 | -19.7% |
| Total equity and liabilities | 10/49 | €1,350,129 | €2,057,391 | +€707,262 | +52.4% |
| Equity | 10/15 | €488,547 | €533,358 | +€44,812 | +9.2% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €451,764 | €499,281 | +€47,518 | +10.5% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,100 | €3,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,992 | €70,736 | +€43,743 | +162% |
| Distributable reserves | 133 | €421,671 | €425,446 | +€3,774 | +0.9% |
| Investment grants | 15 | €5,783 | €3,077 | -€2,706 | -46.8% |
| Provisions and deferred taxes | 16 | €9,688 | €24,226 | +€14,538 | +150% |
| Deferred taxes | 168 | €9,688 | €24,226 | +€14,538 | +150% |
| Amounts payable | 17/49 | €851,895 | €1,499,807 | +€647,912 | +76.1% |
| Amounts payable after more than one year | 17 | €469,285 | €776,524 | +€307,239 | +65.5% |
| Financial debts | 170/4 | €469,285 | €776,524 | +€307,239 | +65.5% |
| Amounts payable within one year | 42/48 | €369,953 | €707,255 | +€337,302 | +91.2% |
| Current portion of amounts payable after more than one year | 42 | €77,898 | €138,320 | +€60,422 | +77.6% |
| Financial debts | 43 | - | €61,817 | +€61,817 | |
| Credit institutions | 430/8 | - | €61,817 | +€61,817 | |
| Trade debts | 44 | €227,535 | €422,409 | +€194,875 | +85.6% |
| Suppliers | 440/4 | €227,535 | €422,409 | +€194,875 | +85.6% |
| Taxes, remuneration and social security | 45 | €10,354 | €10,453 | +€99 | +1.0% |
| Taxes | 450/3 | €10,354 | €10,453 | +€99 | +1.0% |
| Other amounts payable | 47/48 | €54,167 | €74,255 | +€20,089 | +37.1% |
| Accrued charges and deferred income | 492/3 | €12,657 | €16,028 | +€3,372 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,911 | €72,992 | -€21,919 | -23.1% |
| Other operating charges | 640/8 | €19,956 | €9,099 | -€10,857 | -54.4% |
| Gross operating margin | 9900 | €164,334 | €243,460 | +€79,126 | +48.1% |
| Operating profit (loss) | 9901 | €49,468 | €161,370 | +€111,902 | +226% |
| Financial income | 75/76B | €3,660 | €3,225 | -€436 | -11.9% |
| Recurring financial income | 75 | €3,660 | €3,225 | -€436 | -11.9% |
| Financial charges | 65/66B | €21,495 | €33,298 | +€11,803 | +54.9% |
| Recurring financial charges | 65 | €21,495 | €33,298 | +€11,803 | +54.9% |
| Profit (loss) for the period before taxes | 9903 | €31,633 | €131,296 | +€99,663 | +315% |
| Transfer from deferred taxes | 780 | €6,350 | €5,757 | -€593 | -9.3% |
| Transfer to deferred taxes | 680 | - | €20,295 | +€20,295 | |
| Income taxes | 67/77 | €15,049 | €15,700 | +€651 | +4.3% |
| Profit (loss) for the period | 9904 | €22,934 | €101,058 | +€78,124 | +341% |
| Transfer from tax-exempt reserves | 789 | €16,758 | €17,141 | +€383 | +2.3% |
| Transfer to tax-exempt reserves | 689 | - | €60,884 | +€60,884 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,692 | €57,315 | +€17,623 | +44.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.