STOFWOLK: 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.
STOFWOLK
Largest movements
- Tangible fixed assets +€205,558
up €205,558 (+23.5%), from €874,300 to €1.1m
of which Assets under construction and advance payments: +€126,056
- Receivables within one year -€92,781
down €92,781 (-83.6%), from €110,954 to €18,174
of which Trade receivables: -€92,781
- Deferred charges and accrued income +€16,719
up €16,719 (+7,849%), from €213 to €16,932
- Other debts +€62,316
up €62,316 (+7.7%), from €812,283 to €874,599
- Profit (loss) carried forward +€57,890
up €57,890 (+49.8%), from -€116,185 to -€58,295
- Other operating charges -€269,238
down €269,238 (-87.5%), from €307,703 to €38,464
- Gross operating margin -€138,496
down €138,496 (-50.0%), from €276,994 to €138,498
- Depreciation +€19,311
up €19,311 (+208%), from €9,270 to €28,581
- Financial charges -€2,788
down €2,788 (-17.3%), from €16,118 to €13,330
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 | €987,498 | €1,118,680 | +€131,183 | +13.3% |
| Fixed assets | 21/28 | €874,300 | €1,079,858 | +€205,558 | +23.5% |
| Tangible fixed assets | 22/27 | €874,300 | €1,079,858 | +€205,558 | +23.5% |
| Land and buildings | 22 | €348,625 | €328,866 | -€19,758 | -5.7% |
| Plant, machinery and equipment | 23 | €4,591 | €17,678 | +€13,087 | +285% |
| Furniture and vehicles | 24 | €47,682 | €133,856 | +€86,174 | +181% |
| Other tangible fixed assets | 26 | €50,000 | €50,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | €423,402 | €549,458 | +€126,056 | +29.8% |
| Current assets | 29/58 | €113,198 | €38,822 | -€74,375 | -65.7% |
| Amounts receivable within one year | 40/41 | €110,954 | €18,174 | -€92,781 | -83.6% |
| Trade receivables | 40 | €110,954 | €18,174 | -€92,781 | -83.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,030 | €3,716 | +€1,686 | +83.0% |
| Deferred charges and accrued income | 490/1 | €213 | €16,932 | +€16,719 | +7,849% |
| Total equity and liabilities | 10/49 | €987,498 | €1,118,680 | +€131,183 | +13.3% |
| Equity | 10/15 | -€83,634 | -€25,744 | +€57,890 | +69.2% |
| Contributions | 10/11 | €17,489 | €17,489 | = | 0.0% |
| Reserves | 13 | €15,062 | €15,062 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,141 | €12,141 | = | 0.0% |
| Distributable reserves | 133 | €2,920 | €2,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,185 | -€58,295 | +€57,890 | +49.8% |
| Amounts payable | 17/49 | €1,071,132 | €1,144,424 | +€73,293 | +6.8% |
| Amounts payable after more than one year | 17 | €226,561 | €224,561 | -€1,999 | -0.9% |
| Financial debts | 170/4 | €226,561 | €224,561 | -€1,999 | -0.9% |
| Amounts payable within one year | 42/48 | €844,571 | €919,863 | +€75,292 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €27,417 | €36,398 | +€8,980 | +32.8% |
| Trade debts | 44 | €0 | €6,936 | +€6,936 | |
| Suppliers | 440/4 | €0 | €6,936 | +€6,936 | |
| Taxes, remuneration and social security | 45 | €4,870 | €1,930 | -€2,941 | -60.4% |
| Taxes | 450/3 | €4,870 | €1,930 | -€2,941 | -60.4% |
| Other amounts payable | 47/48 | €812,283 | €874,599 | +€62,316 | +7.7% |
| Non-recurring operating income | 76A | €7,753 | €0 | -€7,753 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,270 | €28,581 | +€19,311 | +208% |
| Other operating charges | 640/8 | €307,703 | €38,464 | -€269,238 | -87.5% |
| Non-recurring operating charges | 66A | - | €26 | +€26 | |
| Gross operating margin | 9900 | €276,994 | €138,498 | -€138,496 | -50.0% |
| Operating profit (loss) | 9901 | -€39,979 | €71,427 | +€111,406 | |
| Financial income | 75/76B | €392 | €0 | -€392 | -100.0% |
| Recurring financial income | 75 | €392 | €0 | -€392 | -100.0% |
| Financial charges | 65/66B | €16,118 | €13,330 | -€2,788 | -17.3% |
| Recurring financial charges | 65 | €16,118 | €13,330 | -€2,788 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€55,705 | €58,097 | +€113,802 | |
| Income taxes | 67/77 | €0 | €207 | +€207 | |
| Profit (loss) for the period | 9904 | -€55,705 | €57,890 | +€113,596 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,705 | €57,890 | +€113,596 |
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 1 November 2026 via checked.be.