Stockvelde: 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.
Stockvelde
Largest movements
- Receivables after one year +€350,000
new in 2025: €350,000
- Cash -€188,196
down €188,196 (-83.6%), from €225,016 to €36,820
mainly Receivables after one year (-€350,000) and Net result for the year (-€41,942)
- Receivables within one year -€82,797
down €82,797 (-78.3%), from €105,733 to €22,936
of which Other amounts receivable: -€76,964
- Tangible fixed assets -€40,168
down €40,168 (-3.6%), from €1.1m to €1.1m
of which Land and buildings: -€49,688
- Other debts +€89,539
up €89,539 (+28.5%), from €313,830 to €403,369
- Profit (loss) carried forward -€22,339
down €22,339 (-7.8%), from -€284,614 to -€306,953
- Reserves -€19,603
down €19,603 (-3.8%), from €512,218 to €492,616
of which Tax-exempt reserves: -€19,603
- Financial income +€14,816
up €14,816 (+8,236%), from €180 to €14,996
- Gross operating margin -€5,162
down €5,162 (-93.3%), from €5,534 to €373
- Financial charges +€596
up €596 (+19.0%), from €3,135 to €3,731
- Depreciation -€431
down €431 (-0.8%), from €51,166 to €50,735
- Taxes -€372
down €372 (-46.9%), from €793 to €421
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 | €1,456,939 | €1,499,693 | +€42,754 | +2.9% |
| Fixed assets | 21/28 | €1,125,289 | €1,085,120 | -€40,168 | -3.6% |
| Tangible fixed assets | 22/27 | €1,111,195 | €1,071,026 | -€40,168 | -3.6% |
| Land and buildings | 22 | €1,110,333 | €1,060,645 | -€49,688 | -4.5% |
| Furniture and vehicles | 24 | €862 | €466 | -€395 | -45.9% |
| Other tangible fixed assets | 26 | €0 | €9,915 | +€9,915 | |
| Financial fixed assets | 28 | €14,094 | €14,094 | = | 0.0% |
| Current assets | 29/58 | €331,650 | €414,573 | +€82,922 | +25.0% |
| Amounts receivable after more than one year | 29 | - | €350,000 | +€350,000 | |
| Other amounts receivable | 291 | - | €350,000 | +€350,000 | |
| Amounts receivable within one year | 40/41 | €105,733 | €22,936 | -€82,797 | -78.3% |
| Trade receivables | 40 | €6,778 | €945 | -€5,833 | -86.1% |
| Other amounts receivable | 41 | €98,955 | €21,991 | -€76,964 | -77.8% |
| Cash at bank and in hand | 54/58 | €225,016 | €36,820 | -€188,196 | -83.6% |
| Deferred charges and accrued income | 490/1 | €902 | €4,817 | +€3,915 | +434% |
| Total equity and liabilities | 10/49 | €1,456,939 | €1,499,693 | +€42,754 | +2.9% |
| Equity | 10/15 | €1,006,104 | €964,163 | -€41,942 | -4.2% |
| Contributions | 10/11 | €778,500 | €778,500 | = | 0.0% |
| Capital | 10 | €778,500 | €778,500 | = | 0.0% |
| Issued capital | 100 | €778,500 | €778,500 | = | 0.0% |
| Reserves | 13 | €512,218 | €492,616 | -€19,603 | -3.8% |
| Non-distributable reserves | 130/1 | €107,850 | €107,850 | = | 0.0% |
| Legal reserve | 130 | €107,850 | €107,850 | = | 0.0% |
| Tax-exempt reserves | 132 | €404,368 | €384,766 | -€19,603 | -4.8% |
| Profit (loss) carried forward | 14 | -€284,614 | -€306,953 | -€22,339 | -7.8% |
| Provisions and deferred taxes | 16 | €134,400 | €127,866 | -€6,534 | -4.9% |
| Deferred taxes | 168 | €134,400 | €127,866 | -€6,534 | -4.9% |
| Amounts payable | 17/49 | €316,434 | €407,664 | +€91,230 | +28.8% |
| Amounts payable within one year | 42/48 | €315,059 | €406,117 | +€91,057 | +28.9% |
| Trade debts | 44 | €821 | €2,326 | +€1,506 | +183% |
| Suppliers | 440/4 | €821 | €2,326 | +€1,506 | +183% |
| Taxes, remuneration and social security | 45 | €409 | €421 | +€13 | +3.1% |
| Taxes | 450/3 | €409 | €421 | +€13 | +3.1% |
| Other amounts payable | 47/48 | €313,830 | €403,369 | +€89,539 | +28.5% |
| Accrued charges and deferred income | 492/3 | €1,375 | €1,547 | +€172 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,166 | €50,735 | -€431 | -0.8% |
| Other operating charges | 640/8 | €5,582 | €5,670 | +€89 | +1.6% |
| Non-recurring operating charges | 66A | - | €3,286 | +€3,286 | |
| Gross operating margin | 9900 | €5,534 | €373 | -€5,162 | -93.3% |
| Operating profit (loss) | 9901 | -€51,213 | -€59,319 | -€8,106 | -15.8% |
| Financial income | 75/76B | €180 | €14,996 | +€14,816 | +8,236% |
| Recurring financial income | 75 | €180 | €14,996 | +€14,816 | +8,236% |
| Financial charges | 65/66B | €3,135 | €3,731 | +€596 | +19.0% |
| Recurring financial charges | 65 | €3,135 | €3,731 | +€596 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | -€54,169 | -€48,054 | +€6,114 | +11.3% |
| Transfer from deferred taxes | 780 | €6,534 | €6,534 | = | 0.0% |
| Income taxes | 67/77 | €793 | €421 | -€372 | -46.9% |
| Profit (loss) for the period | 9904 | -€48,428 | -€41,942 | +€6,486 | +13.4% |
| Transfer from tax-exempt reserves | 789 | €19,603 | €19,603 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,825 | -€22,339 | +€6,486 | +22.5% |
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 15 October 2026 via checked.be.