Stofaer: 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.
Stofaer
Largest movements
- Cash +€424,223
up €424,223 (+192%), from €221,243 to €645,467
mainly Net result for the year (+€297,008) and Depreciation (+€120,276)
- Tangible fixed assets -€120,276
down €120,276 (-3.9%), from €3.1m to €2.9m
of which Land and buildings: -€116,582
- Reserves +€297,008
up €297,008 (+13.6%), from €2.2m to €2.5m
of which Distributable reserves: +€297,008
- Financial income -€17,431
down €17,431 (-92.8%), from €18,789 to €1,358
- Gross operating margin +€6,987
up €6,987 (+1.2%), from €571,478 to €578,465
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 | €4,024,352 | €4,336,758 | +€312,406 | +7.8% |
| Fixed assets | 21/28 | €3,058,403 | €2,938,127 | -€120,276 | -3.9% |
| Tangible fixed assets | 22/27 | €3,054,651 | €2,934,375 | -€120,276 | -3.9% |
| Land and buildings | 22 | €3,037,169 | €2,920,587 | -€116,582 | -3.8% |
| Plant, machinery and equipment | 23 | €17,482 | €13,788 | -€3,694 | -21.1% |
| Financial fixed assets | 28 | €3,753 | €3,753 | = | 0.0% |
| Current assets | 29/58 | €965,949 | €1,398,631 | +€432,682 | +44.8% |
| Amounts receivable within one year | 40/41 | €33,563 | €35,920 | +€2,357 | +7.0% |
| Other amounts receivable | 41 | €33,563 | €35,920 | +€2,357 | +7.0% |
| Current investments | 50/53 | €700,000 | €700,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €221,243 | €645,467 | +€424,223 | +192% |
| Deferred charges and accrued income | 490/1 | €11,143 | €17,245 | +€6,102 | +54.8% |
| Total equity and liabilities | 10/49 | €4,024,352 | €4,336,758 | +€312,406 | +7.8% |
| Equity | 10/15 | €4,015,670 | €4,312,679 | +€297,008 | +7.4% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Revaluation surpluses | 12 | €1,627,686 | €1,627,686 | = | 0.0% |
| Reserves | 13 | €2,189,669 | €2,486,677 | +€297,008 | +13.6% |
| Non-distributable reserves | 130/1 | €19,831 | €19,831 | = | 0.0% |
| Legal reserve | 130 | €19,831 | €19,831 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,000 | €62,000 | = | 0.0% |
| Distributable reserves | 133 | €2,107,837 | €2,404,846 | +€297,008 | +14.1% |
| Amounts payable | 17/49 | €8,682 | €24,080 | +€15,398 | +177% |
| Amounts payable within one year | 42/48 | €8,682 | €13,433 | +€4,751 | +54.7% |
| Trade debts | 44 | €2,432 | €13,433 | +€11,001 | +452% |
| Suppliers | 440/4 | €2,432 | €13,433 | +€11,001 | +452% |
| Taxes, remuneration and social security | 45 | €6,250 | €0 | -€6,250 | -100% |
| Taxes | 450/3 | €6,250 | €0 | -€6,250 | -100% |
| Accrued charges and deferred income | 492/3 | - | €10,646 | +€10,646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,948 | €120,276 | -€672 | -0.6% |
| Other operating charges | 640/8 | €61,693 | €63,329 | +€1,636 | +2.7% |
| Gross operating margin | 9900 | €571,478 | €578,465 | +€6,987 | +1.2% |
| Operating profit (loss) | 9901 | €388,837 | €394,860 | +€6,023 | +1.5% |
| Financial income | 75/76B | €18,789 | €1,358 | -€17,431 | -92.8% |
| Recurring financial income | 75 | €18,789 | €1,358 | -€17,431 | -92.8% |
| Financial charges | 65/66B | €51 | €207 | +€156 | +306% |
| Recurring financial charges | 65 | €51 | €207 | +€156 | +306% |
| Profit (loss) for the period before taxes | 9903 | €407,575 | €396,011 | -€11,564 | -2.8% |
| Income taxes | 67/77 | €101,894 | €99,003 | -€2,891 | -2.8% |
| Profit (loss) for the period | 9904 | €305,681 | €297,008 | -€8,673 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €305,681 | €297,008 | -€8,673 | -2.8% |
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 16 October 2026 via checked.be.