STEFANI ARMURY: what changed
What changed
STEFANI ARMURY
NACE 47.631, Retail trade
filed annual accounts (NBB)
Net result for the year
€17,239
2024 · €2,202+€15,038
Equity
€49,743
2024 · €44,004+€5,739
Cash
€452
2024 · €453-€1
Balance sheet total
€97,172
2024 · €103,229-€6,057
Largest movements
Assets
- Stocks and contracts -€8,244
down €8,244 (-8.6%), from €96,394 to €88,150
- Receivables within one year +€2,792
up €2,792 (+51.2%), from €5,458 to €8,250
of which Trade receivables: +€3,283
Equity and liabilities
- Debts after one year -€10,972
down €10,972 (-44.6%), from €24,600 to €13,629
of which Other amounts payable: -€8,930
- Profit (loss) carried forward +€5,739
up €5,739 (+22.6%), from €25,404 to €31,143
- Tax, wage and social debts +€4,740
up €4,740 (+89.2%), from €5,315 to €10,055
- Short-term financial debts -€2,453
no longer reported in 2025 (was €2,453)
- Trade debts -€1,540
down €1,540 (-40.1%), from €3,838 to €2,298
Income statement
- Gross operating margin +€19,952
up €19,952 (+278%), from €7,186 to €27,139
- Taxes +€5,485
up €5,485 (+376%), from €1,459 to €6,944
- Depreciation -€819
down €819 (-58.0%), from €1,412 to €593
- Financial charges +€479
up €479 (+30.2%), from €1,586 to €2,066
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2,202
Gross operating margin
+€19,952
Depreciation
+€819
Other operating charges
+€238
Financial income
-€7
Financial charges
-€479
Taxes
-€5,485
Result 2025
€17,239
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€24,735
Investment
€0
Financing
-€24,737
Cash 2024
€453
From operations (derived)
+€24,735
Net result for the year
+€17,239
Depreciation
+€593
Stocks and contracts
+€8,244
Receivables within one year
-€2,792
Deferred charges and accrued income
+€11
Trade debts
-€1,540
Tax, wage and social debts
+€4,740
Other debts
-€646
Accrued charges and deferred income
-€1,113
Financing
-€24,737
Debts after one year
-€10,972
Current portion of long-term debt
+€188
Short-term financial debts
-€2,453
Contributions, distributions and other
-€11,500
Cash 2025
€452
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,229 | €97,172 | -€6,057 | -5.9% |
| Fixed assets | 21/28 | €913 | €320 | -€593 | -64.9% |
| Tangible fixed assets | 22/27 | €893 | €300 | -€593 | -66.4% |
| Land and buildings | 22 | €502 | €300 | -€202 | -40.2% |
| Plant, machinery and equipment | 23 | €147 | - | -€147 | |
| Furniture and vehicles | 24 | €245 | - | -€245 | |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €102,316 | €96,852 | -€5,464 | -5.3% |
| Stocks and contracts in progress | 3 | €96,394 | €88,150 | -€8,244 | -8.6% |
| Stocks | 30/36 | €96,394 | €88,150 | -€8,244 | -8.6% |
| Amounts receivable within one year | 40/41 | €5,458 | €8,250 | +€2,792 | +51.2% |
| Trade receivables | 40 | €4,967 | €8,250 | +€3,283 | +66.1% |
| Other amounts receivable | 41 | €491 | - | -€491 | |
| Cash at bank and in hand | 54/58 | €453 | €452 | -€1 | -0.2% |
| Deferred charges and accrued income | 490/1 | €11 | - | -€11 | |
| Total equity and liabilities | 10/49 | €103,229 | €97,172 | -€6,057 | -5.9% |
| Equity | 10/15 | €44,004 | €49,743 | +€5,739 | +13.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,404 | €31,143 | +€5,739 | +22.6% |
| Amounts payable | 17/49 | €59,226 | €47,430 | -€11,796 | -19.9% |
| Amounts payable after more than one year | 17 | €24,600 | €13,629 | -€10,972 | -44.6% |
| Financial debts | 170/4 | €9,023 | €6,981 | -€2,042 | -22.6% |
| Other amounts payable | 178/9 | €15,577 | €6,647 | -€8,930 | -57.3% |
| Amounts payable within one year | 42/48 | €33,512 | €33,801 | +€289 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €1,853 | €2,042 | +€188 | +10.2% |
| Financial debts | 43 | €2,453 | - | -€2,453 | |
| Credit institutions | 430/8 | €2,453 | - | -€2,453 | |
| Trade debts | 44 | €3,838 | €2,298 | -€1,540 | -40.1% |
| Suppliers | 440/4 | €3,838 | €2,298 | -€1,540 | -40.1% |
| Taxes, remuneration and social security | 45 | €5,315 | €10,055 | +€4,740 | +89.2% |
| Taxes | 450/3 | €5,315 | €10,055 | +€4,740 | +89.2% |
| Other amounts payable | 47/48 | €20,052 | €19,406 | -€646 | -3.2% |
| Accrued charges and deferred income | 492/3 | €1,113 | - | -€1,113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,412 | €593 | -€819 | -58.0% |
| Other operating charges | 640/8 | €538 | €300 | -€238 | -44.2% |
| Gross operating margin | 9900 | €7,186 | €27,139 | +€19,952 | +278% |
| Operating profit (loss) | 9901 | €5,236 | €26,246 | +€21,009 | +401% |
| Financial income | 75/76B | €10 | €3 | -€7 | -68.4% |
| Recurring financial income | 75 | €10 | €3 | -€7 | -68.4% |
| Financial charges | 65/66B | €1,586 | €2,066 | +€479 | +30.2% |
| Recurring financial charges | 65 | €1,586 | €2,066 | +€479 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €3,660 | €24,183 | +€20,523 | +561% |
| Income taxes | 67/77 | €1,459 | €6,944 | +€5,485 | +376% |
| Profit (loss) for the period | 9904 | €2,202 | €17,239 | +€15,038 | +683% |
| Profit (loss) for the period to be appropriated | 9905 | €2,202 | €17,239 | +€15,038 | +683% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.