STOCKPAR: 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.
STOCKPAR
Largest movements
- Tangible fixed assets -€233,034
down €233,034 (-10.0%), from €2.3m to €2.1m
of which Land and buildings: -€208,513
- Other debts -€919,960
down €919,960 (-78.2%), from €1.2m to €256,603
- Reserves +€628,557
up €628,557 (+57.1%), from €1.1m to €1.7m
of which Tax-exempt reserves: +€620,057
- Provisions +€206,686
new in 2025: €206,686
- Profit (loss) carried forward -€83,588
new in 2025: -€83,588
- Trade debts -€33,704
down €33,704 (-99.5%), from €33,880 to €176
- Taxes -€72,330
down €72,330 (-92.4%), from €78,313 to €5,983
- Depreciation -€47,168
down €47,168 (-45.8%), from €102,889 to €55,721
- Financial charges -€31,935
down €31,935 (-98.8%), from €32,322 to €387
- Gross operating margin +€20,651
up €20,651 (+2.4%), from €851,694 to €872,345
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 | €2,573,419 | €2,356,810 | -€216,609 | -8.4% |
| Fixed assets | 21/28 | €2,515,310 | €2,282,276 | -€233,034 | -9.3% |
| Tangible fixed assets | 22/27 | €2,341,066 | €2,108,032 | -€233,034 | -10.0% |
| Land and buildings | 22 | €1,165,770 | €957,257 | -€208,513 | -17.9% |
| Plant, machinery and equipment | 23 | €1,175,296 | €1,150,775 | -€24,521 | -2.1% |
| Financial fixed assets | 28 | €174,244 | €174,244 | = | 0.0% |
| Current assets | 29/58 | €58,109 | €74,534 | +€16,425 | +28.3% |
| Amounts receivable within one year | 40/41 | €33,794 | €57,476 | +€23,682 | +70.1% |
| Trade receivables | 40 | €1,476 | €1,476 | = | 0.0% |
| Other amounts receivable | 41 | €32,318 | €56,000 | +€23,682 | +73.3% |
| Cash at bank and in hand | 54/58 | €24,315 | €17,058 | -€7,257 | -29.8% |
| Total equity and liabilities | 10/49 | €2,573,419 | €2,356,810 | -€216,609 | -8.4% |
| Equity | 10/15 | €1,348,376 | €1,893,345 | +€544,969 | +40.4% |
| Contributions | 10/11 | €246,681 | €246,681 | = | 0.0% |
| Capital | 10 | €246,681 | €246,681 | = | 0.0% |
| Issued capital | 100 | €246,681 | €246,681 | = | 0.0% |
| Reserves | 13 | €1,101,695 | €1,730,252 | +€628,557 | +57.1% |
| Non-distributable reserves | 130/1 | €24,669 | €24,669 | = | 0.0% |
| Legal reserve | 130 | €24,669 | €24,669 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €620,057 | +€620,057 | |
| Distributable reserves | 133 | €1,077,026 | €1,085,526 | +€8,500 | +0.8% |
| Profit (loss) carried forward | 14 | - | -€83,588 | -€83,588 | |
| Provisions and deferred taxes | 16 | - | €206,686 | +€206,686 | |
| Deferred taxes | 168 | - | €206,686 | +€206,686 | |
| Amounts payable | 17/49 | €1,225,043 | €256,779 | -€968,264 | -79.0% |
| Amounts payable within one year | 42/48 | €1,218,943 | €256,779 | -€962,164 | -78.9% |
| Trade debts | 44 | €33,880 | €176 | -€33,704 | -99.5% |
| Suppliers | 440/4 | €33,880 | €176 | -€33,704 | -99.5% |
| Taxes, remuneration and social security | 45 | €8,500 | - | -€8,500 | |
| Taxes | 450/3 | €8,500 | - | -€8,500 | |
| Other amounts payable | 47/48 | €1,176,563 | €256,603 | -€919,960 | -78.2% |
| Accrued charges and deferred income | 492/3 | €6,100 | - | -€6,100 | |
| Non-recurring operating income | 76A | €820,329 | €852,578 | +€32,249 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,889 | €55,721 | -€47,168 | -45.8% |
| Other operating charges | 640/8 | €11,286 | €5,331 | -€5,955 | -52.8% |
| Non-recurring operating charges | 66A | - | €62,000 | +€62,000 | |
| Gross operating margin | 9900 | €851,694 | €872,345 | +€20,651 | +2.4% |
| Operating profit (loss) | 9901 | €737,519 | €749,293 | +€11,774 | +1.6% |
| Financial income | 75/76B | - | €231 | +€231 | |
| Recurring financial income | 75 | - | €231 | +€231 | |
| Financial charges | 65/66B | €32,322 | €387 | -€31,935 | -98.8% |
| Recurring financial charges | 65 | €32,322 | €387 | -€31,935 | -98.8% |
| Profit (loss) for the period before taxes | 9903 | €705,197 | €749,137 | +€43,940 | +6.2% |
| Transfer from deferred taxes | 780 | - | €6,459 | +€6,459 | |
| Transfer to deferred taxes | 680 | - | €213,144 | +€213,144 | |
| Income taxes | 67/77 | €78,313 | €5,983 | -€72,330 | -92.4% |
| Profit (loss) for the period | 9904 | €626,884 | €536,469 | -€90,415 | -14.4% |
| Transfer from tax-exempt reserves | 789 | - | €19,377 | +€19,377 | |
| Transfer to tax-exempt reserves | 689 | - | €639,434 | +€639,434 | |
| Profit (loss) for the period to be appropriated | 9905 | €626,884 | -€83,588 | -€710,472 |
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 13 October 2026 via checked.be.