STOFFELS: 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.
What changed
STOFFELS
NACE 01.130, Growing of vegetables, melons, roots and tubers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€534,732
2024 · €1.2m-€695,141
Equity
€12.2m
2024 · €14.0m-€1.8m
Cash
€383,448
2024 · €1.3m-€901,940
Balance sheet total
€24.8m
2024 · €24.7m+€115,457
Largest movements
Assets
- Tangible fixed assets +€2.0m
up €2.0m (+69.4%), from €2.8m to €4.8m
of which Plant, machinery and equipment: +€2.0m
- Cash -€901,940
down €901,940 (-70.2%), from €1.3m to €383,448
mainly Investment in fixed assets (net) (-€2.8m) and Contributions, distributions and other (-€2.3m)
- Stocks and contracts -€612,060
down €612,060 (-21.7%), from €2.8m to €2.2m
- Receivables after one year -€587,051
down €587,051 (-7.6%), from €7.7m to €7.1m
Equity and liabilities
- Other debts +€3.3m
up €3.3m (+48,629%), from €6,888 to €3.4m
- Debts after one year +€3.0m
up €3.0m, from €0 to €3.0m
- Trade debts -€2.3m
down €2.3m (-34.8%), from €6.5m to €4.2m
- Current portion of long-term debt -€1.8m
down €1.8m (-72.5%), from €2.5m to €693,333
- Reserves -€1.8m
down €1.8m (-12.7%), from €13.9m to €12.1m
of which Distributable reserves: -€2.5m
Income statement
- Turnover -€4.6m
down €4.6m (-12.4%), from €37.2m to €32.6m
- Goods and materials -€4.4m
down €4.4m (-20.8%), from €21.3m to €16.9m
of which Purchases: -€4.9m
- Services and other goods +€498,291
up €498,291 (+10.1%), from €4.9m to €5.4m
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.
Result 2024
€1.2m
Turnover
-€4.6m
Other operating income
+€162,833
Goods and materials
+€4.4m
Services and other goods
-€498,291
Staff costs
+€356,182
Depreciation
-€48,183
Other operating charges
-€39,731
Other operating items
-€774,229
Financial income
-€16,083
Financial charges
-€31,530
Taxes
+€359,472
Result 2025
€534,732
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.9m
Investment
-€2.8m
Financing
-€943,029
Cash 2024
€1.3m
From operations (derived)
+€2.9m
Net result for the year
+€534,732
Depreciation
+€860,131
Receivables after one year
+€587,051
Stocks and contracts
+€612,060
Receivables within one year
-€218,417
Deferred charges and accrued income
-€32,595
Trade debts
-€2.3m
Tax, wage and social debts
+€150,866
Advances received
-€721,198
Other debts
+€3.3m
Investment (derived)
-€2.8m
Investment in fixed assets (net)
-€2.8m
Financing
-€943,029
Debts after one year
+€3.0m
Current portion of long-term debt
-€1.8m
Short-term financial debts
+€135,173
Contributions, distributions and other
-€2.3m
Cash 2025
€383,448
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,663,563 | €24,779,020 | +€115,457 | +0.5% |
| Fixed assets | 21/28 | €2,919,295 | €4,884,792 | +€2.0m | +67.3% |
| Intangible fixed assets | 21 | €97,090 | €98,280 | +€1,190 | +1.2% |
| Tangible fixed assets | 22/27 | €2,817,726 | €4,771,845 | +€2.0m | +69.4% |
| Land and buildings | 22 | €216,471 | €221,119 | +€4,647 | +2.1% |
| Plant, machinery and equipment | 23 | €2,374,812 | €4,377,959 | +€2.0m | +84.3% |
| Furniture and vehicles | 24 | €176,640 | €125,125 | -€51,515 | -29.2% |
| Other tangible fixed assets | 26 | €49,803 | €47,642 | -€2,161 | -4.3% |
| Financial fixed assets | 28 | €4,479 | €14,667 | +€10,187 | +227% |
| Affiliated companies | 280/1 | €2,373 | €2,373 | = | 0.0% |
| Participating interests | 280 | €2,373 | €2,373 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,107 | €12,294 | +€10,187 | +484% |
| Shares | 284 | €1,482 | €11,669 | +€10,187 | +688% |
| Amounts receivable and cash guarantees | 285/8 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €21,744,267 | €19,894,228 | -€1.9m | -8.5% |
| Amounts receivable after more than one year | 29 | €7,689,000 | €7,101,949 | -€587,051 | -7.6% |
| Other amounts receivable | 291 | €7,689,000 | €7,101,949 | -€587,051 | -7.6% |
| Stocks and contracts in progress | 3 | €2,817,620 | €2,205,560 | -€612,060 | -21.7% |
| Stocks | 30/36 | €2,817,620 | €2,205,560 | -€612,060 | -21.7% |
| Raw materials and consumables | 30/31 | €2,508,739 | €1,857,720 | -€651,019 | -26.0% |
| Finished goods | 33 | €308,881 | €347,840 | +€38,959 | +12.6% |
| Goods purchased for resale | 34 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €9,520,291 | €9,738,707 | +€218,417 | +2.3% |
| Trade receivables | 40 | €6,163,199 | €6,789,665 | +€626,466 | +10.2% |
| Other amounts receivable | 41 | €3,357,092 | €2,949,043 | -€408,049 | -12.2% |
| Cash at bank and in hand | 54/58 | €1,285,388 | €383,448 | -€901,940 | -70.2% |
| Deferred charges and accrued income | 490/1 | €431,969 | €464,564 | +€32,595 | +7.5% |
| Total equity and liabilities | 10/49 | €24,663,563 | €24,779,020 | +€115,457 | +0.5% |
| Equity | 10/15 | €13,997,355 | €12,232,088 | -€1.8m | -12.6% |
| Contributions | 10/11 | €85,325 | €85,325 | = | 0.0% |
| Capital | 10 | €85,325 | €85,325 | = | 0.0% |
| Issued capital | 100 | €85,325 | €85,325 | = | 0.0% |
| Reserves | 13 | €13,912,030 | €12,146,762 | -€1.8m | -12.7% |
| Non-distributable reserves | 130/1 | €8,533 | €8,533 | = | 0.0% |
| Legal reserve | 130 | €8,533 | €8,533 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,389,068 | €12,104,768 | +€715,700 | +6.3% |
| Distributable reserves | 133 | €2,514,429 | €33,462 | -€2.5m | -98.7% |
| Amounts payable | 17/49 | €10,666,208 | €12,546,932 | +€1.9m | +17.6% |
| Amounts payable after more than one year | 17 | €0 | €3,048,465 | +€3.0m | |
| Financial debts | 170/4 | €0 | €3,048,465 | +€3.0m | |
| Credit institutions | 173 | €0 | €3,048,465 | +€3.0m | |
| Amounts payable within one year | 42/48 | €10,666,208 | €9,498,467 | -€1.2m | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €2,520,000 | €693,333 | -€1.8m | -72.5% |
| Financial debts | 43 | - | €135,173 | +€135,173 | |
| Credit institutions | 430/8 | - | €135,173 | +€135,173 | |
| Trade debts | 44 | €6,481,830 | €4,226,549 | -€2.3m | -34.8% |
| Suppliers | 440/4 | €6,481,830 | €4,226,549 | -€2.3m | -34.8% |
| Advances received on contracts in progress | 46 | €721,198 | €0 | -€721,198 | -100% |
| Taxes, remuneration and social security | 45 | €936,291 | €1,087,157 | +€150,866 | +16.1% |
| Taxes | 450/3 | €152,345 | €381,480 | +€229,135 | +150% |
| Remuneration and social security | 454/9 | €783,946 | €705,677 | -€78,269 | -10.0% |
| Other amounts payable | 47/48 | €6,888 | €3,356,254 | +€3.3m | +48,629% |
| Operating income | 70/76A | €37,525,605 | €33,094,206 | -€4.4m | -11.8% |
| Turnover | 70 | €37,191,556 | €32,594,845 | -€4.6m | -12.4% |
| Own construction capitalised | 72 | €0 | - | = | |
| Other operating income | 74 | €334,049 | €496,882 | +€162,833 | +48.7% |
| Non-recurring operating income | 76A | €0 | €2,479 | +€2,479 | |
| Operating charges | 60/66A | €35,921,729 | €32,497,329 | -€3.4m | -9.5% |
| Goods for resale, raw materials and consumables | 60 | €21,337,053 | €16,905,922 | -€4.4m | -20.8% |
| Purchases | 600/8 | €21,186,258 | €16,293,862 | -€4.9m | -23.1% |
| Change in stocks: decrease (increase) | 609 | €150,795 | €612,060 | +€461,265 | +306% |
| Services and other goods | 61 | €4,918,679 | €5,416,969 | +€498,291 | +10.1% |
| Remuneration, social security and pensions | 62 | €7,840,696 | €7,484,514 | -€356,182 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €811,949 | €860,131 | +€48,183 | +5.9% |
| Other operating charges | 640/8 | €89,945 | €129,676 | +€39,731 | +44.2% |
| Non-recurring operating charges | 66A | €923,408 | €1,700,116 | +€776,708 | +84.1% |
| Operating profit (loss) | 9901 | €1,603,876 | €596,877 | -€1.0m | -62.8% |
| Financial income | 75/76B | €245,655 | €229,572 | -€16,083 | -6.5% |
| Recurring financial income | 75 | €245,655 | €229,572 | -€16,083 | -6.5% |
| Income from financial fixed assets | 750 | - | €90 | +€90 | |
| Income from current assets | 751 | €230,670 | €229,482 | -€1,188 | -0.5% |
| Other financial income | 752/9 | €14,985 | €0 | -€14,985 | -100% |
| Financial charges | 65/66B | €76,849 | €108,379 | +€31,530 | +41.0% |
| Recurring financial charges | 65 | €76,849 | €108,379 | +€31,530 | +41.0% |
| Debt charges | 650 | €75,851 | €82,468 | +€6,616 | +8.7% |
| Other financial charges | 652/9 | €998 | €25,912 | +€24,914 | +2,497% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €1,772,683 | €718,070 | -€1.1m | -59.5% |
| Income taxes | 67/77 | €542,809 | €183,337 | -€359,472 | -66.2% |
| Taxes | 670/3 | €542,809 | €183,337 | -€359,472 | -66.2% |
| Profit (loss) for the period | 9904 | €1,229,874 | €534,732 | -€695,141 | -56.5% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | - | €715,700 | +€715,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,229,874 | -€180,968 | -€1.4m |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.