Stoefs-Maes: 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.
Stoefs-Maes
Largest movements
- Tangible fixed assets +€44,865
up €44,865 (+6,522%), from €688 to €45,553
of which Furniture and vehicles: +€44,609
- Cash +€11,806
up €11,806 (+127%), from €9,331 to €21,137
mainly Debts after one year (+€33,864) and Net result for the year (+€19,413)
- Deferred charges and accrued income +€1,056
new in 2025: €1,056
- Debts after one year +€33,864
new in 2025: €33,864
- Profit (loss) carried forward +€19,413
up €19,413 (+10.3%), from -€188,764 to -€169,351
- Current portion of long-term debt +€11,554
new in 2025: €11,554
- Other debts -€5,649
down €5,649 (-3.9%), from €146,326 to €140,677
- Trade debts -€2,327
down €2,327 (-98.8%), from €2,356 to €29
- Turnover +€13,221
up €13,221 (+51.3%), from €25,777 to €38,998
- Depreciation +€11,537
up €11,537 (+2,247%), from €513 to €12,050
- Gross operating margin +€10,765
up €10,765 (+47.6%), from €22,613 to €33,378
- Purchases and services +€2,456
up €2,456 (+77.6%), from €3,164 to €5,620
- Financial charges +€1,370
up €1,370 (+1,735%), from €79 to €1,449
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 | €11,454 | €69,600 | +€58,146 | +508% |
| Fixed assets | 21/28 | €688 | €45,553 | +€44,865 | +6,522% |
| Tangible fixed assets | 22/27 | €688 | €45,553 | +€44,865 | +6,522% |
| Plant, machinery and equipment | 23 | €688 | €944 | +€256 | +37.2% |
| Furniture and vehicles | 24 | - | €44,609 | +€44,609 | |
| Current assets | 29/58 | €10,766 | €24,047 | +€13,281 | +123% |
| Amounts receivable within one year | 40/41 | €1,435 | €1,855 | +€420 | +29.2% |
| Trade receivables | 40 | €1,435 | €1,855 | +€420 | +29.2% |
| Cash at bank and in hand | 54/58 | €9,331 | €21,137 | +€11,806 | +127% |
| Deferred charges and accrued income | 490/1 | - | €1,056 | +€1,056 | |
| Total equity and liabilities | 10/49 | €11,454 | €69,600 | +€58,146 | +508% |
| Equity | 10/15 | -€139,185 | -€119,772 | +€19,413 | +13.9% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,764 | -€169,351 | +€19,413 | +10.3% |
| Amounts payable | 17/49 | €150,639 | €189,371 | +€38,733 | +25.7% |
| Amounts payable after more than one year | 17 | - | €33,864 | +€33,864 | |
| Financial debts | 170/4 | - | €33,864 | +€33,864 | |
| Amounts payable within one year | 42/48 | €150,639 | €155,507 | +€4,868 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | - | €11,554 | +€11,554 | |
| Trade debts | 44 | €2,356 | €29 | -€2,327 | -98.8% |
| Suppliers | 440/4 | €2,356 | €29 | -€2,327 | -98.8% |
| Taxes, remuneration and social security | 45 | €1,957 | €3,246 | +€1,289 | +65.9% |
| Taxes | 450/3 | €1,957 | €3,246 | +€1,289 | +65.9% |
| Other amounts payable | 47/48 | €146,326 | €140,677 | -€5,649 | -3.9% |
| Turnover | 70 | €25,777 | €38,998 | +€13,221 | +51.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,164 | €5,620 | +€2,456 | +77.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €513 | €12,050 | +€11,537 | +2,247% |
| Other operating charges | 640/8 | €387 | €466 | +€78 | +20.2% |
| Gross operating margin | 9900 | €22,613 | €33,378 | +€10,765 | +47.6% |
| Operating profit (loss) | 9901 | €21,712 | €20,862 | -€851 | -3.9% |
| Financial charges | 65/66B | €79 | €1,449 | +€1,370 | +1,735% |
| Recurring financial charges | 65 | €79 | €1,449 | +€1,370 | +1,735% |
| Profit (loss) for the period before taxes | 9903 | €21,634 | €19,413 | -€2,221 | -10.3% |
| Profit (loss) for the period | 9904 | €21,634 | €19,413 | -€2,221 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,634 | €19,413 | -€2,221 | -10.3% |
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 18 October 2026 via checked.be.