STOA MANAGEMENT: what changed
Two fiscal 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.
STOA MANAGEMENT
Largest movements
- Cash -€45,757
down €45,757 (-68.2%), from €67,138 to €21,381
mainly Net result for the year (-€42,374) and Deferred charges and accrued income (-€12,415)
- Deferred charges and accrued income +€12,415
up €12,415 (+1817.7%), from €683 to €13,098
- Tangible fixed assets -€2,675
down €2,675 (-58.2%), from €4,596 to €1,921
- Receivables within one year -€1,438
down €1,438 (-37.4%), from €3,850 to €2,412
- Profit (loss) carried forward -€42,374
down €42,374 (-26.2%), from -€161,523 to -€203,897
- Trade debts +€3,466
up €3,466 (+117.3%), from €2,956 to €6,422
- Other debts +€1,452
up €1,452 (+5.7%), from €25,417 to €26,869
- Gross operating margin -€4,108
down €4,108 (-11.9%), from -€34,458 to -€38,566
- Depreciation -€2,556
down €2,556 (-48.9%), from €5,231 to €2,675
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.
Cash bridge derived
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 | €76,267 | €38,812 | -€37,455 | -49.1% |
| Fixed assets | 21/28 | €4,596 | €1,921 | -€2,675 | -58.2% |
| Tangible fixed assets | 22/27 | €4,596 | €1,921 | -€2,675 | -58.2% |
| Furniture and vehicles | 24 | €4,596 | €1,921 | -€2,675 | -58.2% |
| Current assets | 29/58 | €71,671 | €36,891 | -€34,780 | -48.5% |
| Amounts receivable within one year | 40/41 | €3,850 | €2,412 | -€1,438 | -37.4% |
| Other amounts receivable | 41 | €3,850 | €2,412 | -€1,438 | -37.4% |
| Cash at bank and in hand | 54/58 | €67,138 | €21,381 | -€45,757 | -68.2% |
| Deferred charges and accrued income | 490/1 | €683 | €13,098 | +€12,415 | +1817.7% |
| Total equity and liabilities | 10/49 | €76,267 | €38,812 | -€37,455 | -49.1% |
| Equity | 10/15 | €47,719 | €5,345 | -€42,374 | -88.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €203,042 | €203,042 | = | 0.0% |
| Distributable reserves | 133 | €203,042 | €203,042 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,523 | -€203,897 | -€42,374 | -26.2% |
| Amounts payable | 17/49 | €28,548 | €33,467 | +€4,919 | +17.2% |
| Amounts payable within one year | 42/48 | €28,548 | €33,467 | +€4,919 | +17.2% |
| Trade debts | 44 | €2,956 | €6,422 | +€3,466 | +117.3% |
| Suppliers | 440/4 | €2,956 | €6,422 | +€3,466 | +117.3% |
| Taxes, remuneration and social security | 45 | €175 | €176 | +€1 | +0.6% |
| Taxes | 450/3 | €175 | €176 | +€1 | +0.6% |
| Other amounts payable | 47/48 | €25,417 | €26,869 | +€1,452 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,231 | €2,675 | -€2,556 | -48.9% |
| Other operating charges | 640/8 | €360 | €704 | +€344 | +95.6% |
| Gross operating margin | 9900 | -€34,458 | -€38,566 | -€4,108 | -11.9% |
| Operating profit (loss) | 9901 | -€40,049 | -€41,945 | -€1,896 | -4.7% |
| Financial income | 75/76B | €192 | - | -€192 | |
| Recurring financial income | 75 | €192 | - | -€192 | |
| Financial charges | 65/66B | €157 | €289 | +€132 | +84.1% |
| Recurring financial charges | 65 | €157 | €289 | +€132 | +84.1% |
| Profit (loss) for the period before taxes | 9903 | -€40,014 | -€42,234 | -€2,220 | -5.5% |
| Income taxes | 67/77 | €180 | €140 | -€40 | -22.2% |
| Profit (loss) for the period | 9904 | -€40,194 | -€42,374 | -€2,180 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,194 | -€42,374 | -€2,180 | -5.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.