Stellantis Belux: 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.
What changed
Stellantis Belux
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€22.4m
2024 · €23.6m-€1.1m
Equity
€20.3m
2024 · €30.8m-€10.6m
Cash
€56.4m
2024 · €39.4m+€17.0m
Balance sheet total
€778.5m
2024 · €564.1m+€214.4m
Largest movements
Assets
- Receivables within one year +€256.4m
up €256.4m (+192%), from €133.7m to €390.1m
of which Trade receivables: +€256.4m
- Stocks and contracts -€46.0m
down €46.0m (-15.5%), from €297.9m to €251.9m
- Financial fixed assets -€20.5m
down €20.5m (-22.3%), from €91.7m to €71.2m
of which Affiliated companies: -€20.0m
- Cash +€17.0m
up €17.0m (+43.2%), from €39.4m to €56.4m
mainly Trade debts (+€123.8m) and Provisions (+€68.2m)
Equity and liabilities
- Trade debts +€123.8m
up €123.8m (+47.5%), from €260.5m to €384.3m
- Provisions +€68.2m
up €68.2m (+43.5%), from €156.6m to €224.7m
- Other debts +€19.8m
up €19.8m (+110%), from €18.0m to €37.7m
- Accrued charges and deferred income +€18.1m
up €18.1m (+31.6%), from €57.3m to €75.5m
- Profit (loss) carried forward -€10.6m
no longer reported in 2025 (was €10.6m)
Income statement
- Turnover +€163.6m
up €163.6m (+9.2%), from €1.77bn to €1.94bn
- Provisions +€51.0m
up €51.0m (+426%), from €12.0m to €62.9m
- Goods and materials +€39.6m
up €39.6m (+2.8%), from €1.40bn to €1.44bn
of which Change in stocks: decrease (increase): +€46.5m
- Services and other goods +€35.8m
up €35.8m (+10.3%), from €348.6m to €384.4m
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
€23.6m
Turnover
+€163.6m
Other operating income
-€13.0m
Goods and materials
-€39.6m
Services and other goods
-€35.8m
Staff costs
-€2.7m
Depreciation
+€1,086
Write-downs
-€6.5m
Provisions
-€51.0m
Other operating charges
-€833,481
Other operating items
-€9.9m
Financial income
-€5.3m
Financial charges
+€3.0m
Taxes
-€3.2m
Result 2025
€22.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€29.6m
Investment
+€20.5m
Financing
-€33.0m
Cash 2024
€39.4m
From operations (derived)
+€29.6m
Net result for the year
+€22.4m
Depreciation
+€184,376
Stocks and contracts
+€46.0m
Receivables within one year
-€256.4m
Deferred charges and accrued income
-€7.7m
Provisions
+€68.2m
Trade debts
+€123.8m
Tax, wage and social debts
-€4.9m
Other debts
+€19.8m
Accrued charges and deferred income
+€18.1m
Investment (derived)
+€20.5m
Investment in fixed assets (net)
+€20.5m
Financing
-€33.0m
Short-term financial debts
-€82
Contributions, distributions and other
-€33.0m
Cash 2025
€56.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €564,097,496 | €778,454,017 | +€214.4m | +38.0% |
| Fixed assets | 21/28 | €93,046,027 | €72,383,207 | -€20.7m | -22.2% |
| Tangible fixed assets | 22/27 | €1,334,959 | €1,150,582 | -€184,376 | -13.8% |
| Land and buildings | 22 | €72,905 | €68,940 | -€3,965 | -5.4% |
| Plant, machinery and equipment | 23 | €1,215,586 | €1,045,199 | -€170,387 | -14.0% |
| Furniture and vehicles | 24 | €46,468 | €36,443 | -€10,025 | -21.6% |
| Financial fixed assets | 28 | €91,711,068 | €71,232,625 | -€20.5m | -22.3% |
| Affiliated companies | 280/1 | €89,855,551 | €69,855,551 | -€20.0m | -22.3% |
| Participating interests | 280 | €8,055,551 | €8,055,551 | = | 0.0% |
| Amounts receivable | 281 | €81,800,000 | €61,800,000 | -€20.0m | -24.4% |
| Other financial fixed assets | 284/8 | €1,855,517 | €1,377,074 | -€478,443 | -25.8% |
| Amounts receivable and cash guarantees | 285/8 | €1,855,517 | €1,377,074 | -€478,443 | -25.8% |
| Current assets | 29/58 | €471,051,470 | €706,070,810 | +€235.0m | +49.9% |
| Stocks and contracts in progress | 3 | €297,915,759 | €251,878,715 | -€46.0m | -15.5% |
| Stocks | 30/36 | €297,915,759 | €251,878,715 | -€46.0m | -15.5% |
| Goods purchased for resale | 34 | €297,915,759 | €251,878,715 | -€46.0m | -15.5% |
| Amounts receivable within one year | 40/41 | €133,740,386 | €390,103,016 | +€256.4m | +192% |
| Trade receivables | 40 | €127,808,968 | €384,186,326 | +€256.4m | +201% |
| Other amounts receivable | 41 | €5,931,419 | €5,916,690 | -€14,729 | -0.2% |
| Cash at bank and in hand | 54/58 | €39,395,325 | €56,418,802 | +€17.0m | +43.2% |
| Deferred charges and accrued income | 490/1 | - | €7,670,276 | +€7.7m | |
| Total equity and liabilities | 10/49 | €564,097,496 | €778,454,017 | +€214.4m | +38.0% |
| Equity | 10/15 | €30,827,846 | €20,254,854 | -€10.6m | -34.3% |
| Contributions | 10/11 | €15,077,268 | €15,077,268 | = | 0.0% |
| Capital | 10 | €15,072,021 | €15,072,021 | = | 0.0% |
| Issued capital | 100 | €15,072,021 | €15,072,021 | = | 0.0% |
| Contributions outside capital | 11 | €5,248 | €5,248 | = | 0.0% |
| Share premium | 1100/10 | €5,248 | €5,248 | = | 0.0% |
| Reserves | 13 | €5,177,586 | €5,177,586 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,964,971 | €1,964,971 | = | 0.0% |
| Legal reserve | 130 | €1,964,971 | €1,964,971 | = | 0.0% |
| Tax-exempt reserves | 132 | €827,934 | €827,934 | = | 0.0% |
| Distributable reserves | 133 | €2,384,681 | €2,384,681 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,572,992 | - | -€10.6m | |
| Provisions and deferred taxes | 16 | €156,559,817 | €224,712,064 | +€68.2m | +43.5% |
| Provisions for liabilities and charges | 160/5 | €156,559,817 | €224,712,064 | +€68.2m | +43.5% |
| Pensions and similar obligations | 160 | €1,536,862 | €1,435,884 | -€100,977 | -6.6% |
| Other liabilities and charges | 164/5 | €155,022,956 | €223,276,180 | +€68.3m | +44.0% |
| Amounts payable | 17/49 | €376,709,833 | €533,487,099 | +€156.8m | +41.6% |
| Amounts payable within one year | 42/48 | €319,383,512 | €458,033,749 | +€138.7m | +43.4% |
| Financial debts | 43 | €408 | €326 | -€82 | -20.1% |
| Credit institutions | 430/8 | €408 | €326 | -€82 | -20.1% |
| Trade debts | 44 | €260,527,186 | €384,316,804 | +€123.8m | +47.5% |
| Suppliers | 440/4 | €260,527,186 | €384,316,804 | +€123.8m | +47.5% |
| Taxes, remuneration and social security | 45 | €40,897,059 | €35,967,005 | -€4.9m | -12.1% |
| Taxes | 450/3 | €34,516,903 | €28,392,841 | -€6.1m | -17.7% |
| Remuneration and social security | 454/9 | €6,380,156 | €7,574,164 | +€1.2m | +18.7% |
| Other amounts payable | 47/48 | €17,958,859 | €37,749,613 | +€19.8m | +110% |
| Accrued charges and deferred income | 492/3 | €57,326,321 | €75,453,350 | +€18.1m | +31.6% |
| Operating income | 70/76A | €1,815,588,284 | €1,956,338,745 | +€140.8m | +7.8% |
| Turnover | 70 | €1,771,928,260 | €1,935,542,848 | +€163.6m | +9.2% |
| Other operating income | 74 | €32,363,500 | €19,384,605 | -€13.0m | -40.1% |
| Non-recurring operating income | 76A | €11,296,523 | €1,411,292 | -€9.9m | -87.5% |
| Operating charges | 60/66A | €1,776,163,353 | €1,912,515,779 | +€136.4m | +7.7% |
| Goods for resale, raw materials and consumables | 60 | €1,396,731,591 | €1,436,336,156 | +€39.6m | +2.8% |
| Purchases | 600/8 | €1,390,444,059 | €1,383,592,839 | -€6.9m | -0.5% |
| Change in stocks: decrease (increase) | 609 | €6,287,532 | €52,743,317 | +€46.5m | +739% |
| Services and other goods | 61 | €348,584,001 | €384,352,271 | +€35.8m | +10.3% |
| Remuneration, social security and pensions | 62 | €31,123,889 | €33,796,620 | +€2.7m | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,462 | €184,376 | -€1,086 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€13,132,305 | -€6,638,477 | +€6.5m | +49.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €11,958,621 | €62,939,257 | +€51.0m | +426% |
| Other operating charges | 640/8 | €712,094 | €1,545,575 | +€833,481 | +117% |
| Operating profit (loss) | 9901 | €39,424,931 | €43,822,966 | +€4.4m | +11.2% |
| Financial income | 75/76B | €8,374,171 | €3,041,464 | -€5.3m | -63.7% |
| Recurring financial income | 75 | €8,374,171 | €3,041,464 | -€5.3m | -63.7% |
| Income from financial fixed assets | 750 | €8,367,647 | €3,038,736 | -€5.3m | -63.7% |
| Other financial income | 752/9 | €6,524 | €2,728 | -€3,795 | -58.2% |
| Financial charges | 65/66B | €12,945,149 | €9,966,141 | -€3.0m | -23.0% |
| Recurring financial charges | 65 | €12,936,746 | €9,768,963 | -€3.2m | -24.5% |
| Debt charges | 650 | €3,052,750 | €3,945,901 | +€893,151 | +29.3% |
| Other financial charges | 652/9 | €9,883,996 | €5,823,062 | -€4.1m | -41.1% |
| Non-recurring financial charges | 66B | €8,403 | €197,178 | +€188,775 | +2,247% |
| Profit (loss) for the period before taxes | 9903 | €34,853,953 | €36,898,290 | +€2.0m | +5.9% |
| Income taxes | 67/77 | €11,289,090 | €14,463,526 | +€3.2m | +28.1% |
| Taxes | 670/3 | €11,289,090 | €14,463,526 | +€3.2m | +28.1% |
| Profit (loss) for the period | 9904 | €23,564,863 | €22,434,764 | -€1.1m | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,564,863 | €22,434,764 | -€1.1m | -4.8% |
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 17 October 2026 via checked.be.