STEMMENWERKEN THALER: 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.
STEMMENWERKEN THALER
Largest movements
- Cash -€8,543
down €8,543 (-75.6%), from €11,307 to €2,764
mainly Net result for the year (-€11,306) and Receivables within one year (-€3,133)
- Tangible fixed assets -€3,823
down €3,823 (-47.8%), from €7,994 to €4,171
of which Furniture and vehicles: -€1,965
- Receivables within one year +€3,133
up €3,133 (+18.3%), from €17,085 to €20,219
of which Other amounts receivable: +€3,098
- Profit (loss) carried forward -€11,306
down €11,306, from €0 to -€11,306
- Other debts +€3,502
up €3,502 (+27.4%), from €12,798 to €16,301
- Accrued charges and deferred income -€894
down €894 (-47.2%), from €1,894 to €1,000
- Trade debts -€844
down €844 (-66.2%), from €1,274 to €430
- Short-term financial debts +€434
new in 2025: €434
- Gross operating margin -€19,934
down €19,934, from €14,440 to -€5,494
- Taxes -€3,022
down €3,022 (-95.8%), from €3,154 to €132
- Depreciation +€743
up €743 (+24.1%), from €3,080 to €3,823
- Financial charges -€307
down €307 (-20.1%), from €1,529 to €1,222
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 | €37,698 | €28,574 | -€9,124 | -24.2% |
| Fixed assets | 21/28 | €7,994 | €4,171 | -€3,823 | -47.8% |
| Tangible fixed assets | 22/27 | €7,994 | €4,171 | -€3,823 | -47.8% |
| Plant, machinery and equipment | 23 | €4,965 | €3,107 | -€1,858 | -37.4% |
| Furniture and vehicles | 24 | €3,029 | €1,064 | -€1,965 | -64.9% |
| Current assets | 29/58 | €29,704 | €24,403 | -€5,301 | -17.8% |
| Amounts receivable within one year | 40/41 | €17,085 | €20,219 | +€3,133 | +18.3% |
| Trade receivables | 40 | €16,689 | €16,725 | +€35 | +0.2% |
| Other amounts receivable | 41 | €396 | €3,494 | +€3,098 | +783% |
| Cash at bank and in hand | 54/58 | €11,307 | €2,764 | -€8,543 | -75.6% |
| Deferred charges and accrued income | 490/1 | €1,312 | €1,420 | +€109 | +8.3% |
| Total equity and liabilities | 10/49 | €37,698 | €28,574 | -€9,124 | -24.2% |
| Equity | 10/15 | €20,899 | €9,592 | -€11,306 | -54.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €16,899 | €16,899 | = | 0.0% |
| Distributable reserves | 133 | €16,899 | €16,899 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€11,306 | -€11,306 | |
| Amounts payable | 17/49 | €16,800 | €18,982 | +€2,182 | +13.0% |
| Amounts payable within one year | 42/48 | €14,906 | €17,982 | +€3,076 | +20.6% |
| Financial debts | 43 | - | €434 | +€434 | |
| Credit institutions | 430/8 | - | €434 | +€434 | |
| Trade debts | 44 | €1,274 | €430 | -€844 | -66.2% |
| Suppliers | 440/4 | €1,274 | €430 | -€844 | -66.2% |
| Taxes, remuneration and social security | 45 | €833 | €818 | -€16 | -1.9% |
| Taxes | 450/3 | €833 | €818 | -€16 | -1.9% |
| Other amounts payable | 47/48 | €12,798 | €16,301 | +€3,502 | +27.4% |
| Accrued charges and deferred income | 492/3 | €1,894 | €1,000 | -€894 | -47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,080 | €3,823 | +€743 | +24.1% |
| Other operating charges | 640/8 | €750 | €731 | -€19 | -2.5% |
| Gross operating margin | 9900 | €14,440 | -€5,494 | -€19,934 | |
| Operating profit (loss) | 9901 | €10,610 | -€10,048 | -€20,658 | |
| Financial income | 75/76B | €0 | €95 | +€95 | |
| Recurring financial income | 75 | €0 | €95 | +€95 | |
| Financial charges | 65/66B | €1,529 | €1,222 | -€307 | -20.1% |
| Recurring financial charges | 65 | €1,529 | €1,222 | -€307 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €9,081 | -€11,174 | -€20,256 | |
| Income taxes | 67/77 | €3,154 | €132 | -€3,022 | -95.8% |
| Profit (loss) for the period | 9904 | €5,927 | -€11,306 | -€17,234 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,927 | -€11,306 | -€17,234 |
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 29 October 2026 via checked.be.