STAWOLFIA: 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.
STAWOLFIA
Largest movements
- Cash +€35,174
up €35,174 (+207%), from €17,014 to €52,188
mainly Trade debts (+€45,794) and Net result for the year (+€24,581)
- Stocks and contracts +€14,939
up €14,939 (+8.9%), from €168,679 to €183,618
- Tangible fixed assets -€13,062
down €13,062 (-16.0%), from €81,505 to €68,442
of which Plant, machinery and equipment: -€9,555
- Receivables within one year +€4,196
up €4,196 (+1,169%), from €359 to €4,555
of which Other amounts receivable: +€4,015
- Trade debts +€45,794
up €45,794 (+89.8%), from €50,997 to €96,791
- Debts after one year -€25,324
down €25,324 (-36.4%), from €69,564 to €44,240
- Profit (loss) carried forward +€24,581
up €24,581 (+40.5%), from €60,667 to €85,248
- Tax, wage and social debts -€5,375
down €5,375 (-9.7%), from €55,203 to €49,828
of which Remuneration and social security: -€9,755
- Gross operating margin -€40,269
down €40,269 (-30.7%), from €131,125 to €90,856
- Other operating charges -€7,426
down €7,426 (-80.0%), from €9,279 to €1,853
- Taxes -€5,419
down €5,419 (-44.9%), from €12,075 to €6,655
- Staff costs +€3,096
up €3,096 (+10.3%), from €30,164 to €33,260
- Depreciation +€2,475
up €2,475 (+15.8%), from €15,656 to €18,131
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 | €313,296 | €353,270 | +€39,974 | +12.8% |
| Formation expenses | 20 | €353 | €88 | -€264 | -75.0% |
| Fixed assets | 21/28 | €105,694 | €89,631 | -€16,062 | -15.2% |
| Intangible fixed assets | 21 | €24,189 | €21,189 | -€3,000 | -12.4% |
| Tangible fixed assets | 22/27 | €81,505 | €68,442 | -€13,062 | -16.0% |
| Land and buildings | 22 | €20,465 | €17,672 | -€2,793 | -13.6% |
| Plant, machinery and equipment | 23 | €54,957 | €45,403 | -€9,555 | -17.4% |
| Furniture and vehicles | 24 | €6,082 | €5,367 | -€715 | -11.8% |
| Current assets | 29/58 | €207,250 | €263,551 | +€56,301 | +27.2% |
| Stocks and contracts in progress | 3 | €168,679 | €183,618 | +€14,939 | +8.9% |
| Stocks | 30/36 | €168,679 | €183,618 | +€14,939 | +8.9% |
| Amounts receivable within one year | 40/41 | €359 | €4,555 | +€4,196 | +1,169% |
| Trade receivables | 40 | €247 | €428 | +€181 | +73.0% |
| Other amounts receivable | 41 | €112 | €4,127 | +€4,015 | +3,593% |
| Cash at bank and in hand | 54/58 | €17,014 | €52,188 | +€35,174 | +207% |
| Deferred charges and accrued income | 490/1 | €21,198 | €23,189 | +€1,991 | +9.4% |
| Total equity and liabilities | 10/49 | €313,296 | €353,270 | +€39,974 | +12.8% |
| Equity | 10/15 | €80,667 | €105,248 | +€24,581 | +30.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,667 | €85,248 | +€24,581 | +40.5% |
| Amounts payable | 17/49 | €232,629 | €248,022 | +€15,393 | +6.6% |
| Amounts payable after more than one year | 17 | €69,564 | €44,240 | -€25,324 | -36.4% |
| Financial debts | 170/4 | €69,564 | €44,240 | -€25,324 | -36.4% |
| Amounts payable within one year | 42/48 | €163,066 | €203,782 | +€40,717 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €24,898 | €25,324 | +€426 | +1.7% |
| Trade debts | 44 | €50,997 | €96,791 | +€45,794 | +89.8% |
| Suppliers | 440/4 | €50,997 | €96,791 | +€45,794 | +89.8% |
| Taxes, remuneration and social security | 45 | €55,203 | €49,828 | -€5,375 | -9.7% |
| Taxes | 450/3 | €43,040 | €47,419 | +€4,380 | +10.2% |
| Remuneration and social security | 454/9 | €12,164 | €2,409 | -€9,755 | -80.2% |
| Other amounts payable | 47/48 | €31,967 | €31,839 | -€128 | -0.4% |
| Remuneration, social security and pensions | 62 | €30,164 | €33,260 | +€3,096 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,656 | €18,131 | +€2,475 | +15.8% |
| Other operating charges | 640/8 | €9,279 | €1,853 | -€7,426 | -80.0% |
| Gross operating margin | 9900 | €131,125 | €90,856 | -€40,269 | -30.7% |
| Operating profit (loss) | 9901 | €76,026 | €37,612 | -€38,413 | -50.5% |
| Financial income | 75/76B | €2 | €1 | -€1 | -35.4% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -35.4% |
| Financial charges | 65/66B | €8,640 | €6,376 | -€2,264 | -26.2% |
| Recurring financial charges | 65 | €8,640 | €6,376 | -€2,264 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €67,387 | €31,237 | -€36,150 | -53.6% |
| Income taxes | 67/77 | €12,075 | €6,655 | -€5,419 | -44.9% |
| Profit (loss) for the period | 9904 | €55,312 | €24,581 | -€30,731 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,312 | €24,581 | -€30,731 | -55.6% |
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 14 October 2026 via checked.be.