STOFCO: 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.
STOFCO
Largest movements
- Financial fixed assets +€375,000
up €375,000 (+75000.0%), from €500 to €375,500
- Current investments -€60,000
down €60,000 (-100.0%), from €60,000 to €0
- Tangible fixed assets -€13,560
down €13,560 (-32.8%), from €41,340 to €27,779
- Receivables within one year -€9,056
down €9,056 (-74.7%), from €12,119 to €3,062
of which Trade receivables: -€9,075
- Other debts +€243,225
up €243,225 (+13440.5%), from €1,810 to €245,035
- Reserves +€41,766
up €41,766 (+49.7%), from €83,980 to €125,745
- Tax, wage and social debts +€19,273
up €19,273 (+154.1%), from €12,508 to €31,781
- Debts after one year -€10,816
down €10,816 (-43.2%), from €25,042 to €14,225
- Gross operating margin +€9,329
up €9,329 (+15.1%), from €61,926 to €71,255
- Taxes +€5,211
up €5,211 (+51.0%), from €10,222 to €15,433
- Financial income +€1,496
up €1,496 (+3739375.0%), from €0 to €1,496
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 | €134,623 | €429,979 | +€295,355 | +219.4% |
| Fixed assets | 21/28 | €41,840 | €403,279 | +€361,440 | +863.9% |
| Tangible fixed assets | 22/27 | €41,340 | €27,779 | -€13,560 | -32.8% |
| Furniture and vehicles | 24 | €41,340 | €27,779 | -€13,560 | -32.8% |
| Financial fixed assets | 28 | €500 | €375,500 | +€375,000 | +75000.0% |
| Current assets | 29/58 | €92,783 | €26,699 | -€66,084 | -71.2% |
| Amounts receivable within one year | 40/41 | €12,119 | €3,062 | -€9,056 | -74.7% |
| Trade receivables | 40 | €12,100 | €3,025 | -€9,075 | -75.0% |
| Other amounts receivable | 41 | €19 | €37 | +€19 | +101.9% |
| Current investments | 50/53 | €60,000 | €0 | -€60,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €20,145 | €23,103 | +€2,958 | +14.7% |
| Deferred charges and accrued income | 490/1 | €520 | €534 | +€14 | +2.7% |
| Total equity and liabilities | 10/49 | €134,623 | €429,979 | +€295,355 | +219.4% |
| Equity | 10/15 | €84,480 | €126,245 | +€41,766 | +49.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €83,980 | €125,745 | +€41,766 | +49.7% |
| Distributable reserves | 133 | €83,980 | €125,745 | +€41,766 | +49.7% |
| Amounts payable | 17/49 | €50,144 | €303,733 | +€253,590 | +505.7% |
| Amounts payable after more than one year | 17 | €25,042 | €14,225 | -€10,816 | -43.2% |
| Financial debts | 170/4 | €25,042 | €14,225 | -€10,816 | -43.2% |
| Amounts payable within one year | 42/48 | €25,102 | €289,508 | +€264,406 | +1053.3% |
| Current portion of amounts payable after more than one year | 42 | €10,339 | €10,816 | +€477 | +4.6% |
| Trade debts | 44 | €445 | €1,875 | +€1,431 | +321.7% |
| Suppliers | 440/4 | €445 | €1,875 | +€1,431 | +321.7% |
| Taxes, remuneration and social security | 45 | €12,508 | €31,781 | +€19,273 | +154.1% |
| Taxes | 450/3 | €12,508 | €31,781 | +€19,273 | +154.1% |
| Other amounts payable | 47/48 | €1,810 | €245,035 | +€243,225 | +13440.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,336 | €13,560 | +€225 | +1.7% |
| Other operating charges | 640/8 | €757 | €473 | -€284 | -37.5% |
| Gross operating margin | 9900 | €61,926 | €71,255 | +€9,329 | +15.1% |
| Operating profit (loss) | 9901 | €47,833 | €57,221 | +€9,388 | +19.6% |
| Financial income | 75/76B | €0 | €1,496 | +€1,496 | +3739375.0% |
| Recurring financial income | 75 | €0 | €1,496 | +€1,496 | +3739375.0% |
| Financial charges | 65/66B | €1,973 | €1,518 | -€454 | -23.0% |
| Recurring financial charges | 65 | €1,973 | €1,518 | -€454 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €45,860 | €57,198 | +€11,338 | +24.7% |
| Income taxes | 67/77 | €10,222 | €15,433 | +€5,211 | +51.0% |
| Profit (loss) for the period | 9904 | €35,639 | €41,766 | +€6,127 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,639 | €41,766 | +€6,127 | +17.2% |
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 3 October 2026 via checked.be.