Stolm: 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.
Stolm
Largest movements
- Receivables within one year +€97,474
up €97,474 (+65.9%), from €147,894 to €245,368
of which Trade receivables: +€93,416
- Cash -€22,175
down €22,175 (-70.7%), from €31,352 to €9,176
- Intangible fixed assets -€5,358
down €5,358 (-38.5%), from €13,900 to €8,542
- Tangible fixed assets -€3,882
down €3,882 (-5.2%), from €74,245 to €70,363
of which Leasing and similar rights: -€14,400
- Trade debts +€76,526
up €76,526 (+96.5%), from €79,296 to €155,822
- Current portion of long-term debt -€29,349
down €29,349 (-75.6%), from €38,814 to €9,465
- Other debts +€24,296
up €24,296 (+296.2%), from €8,202 to €32,498
- Debts after one year -€14,082
down €14,082 (-34.3%), from €41,097 to €27,015
- Reserves +€7,237
up €7,237 (+8.3%), from €87,417 to €94,654
- Depreciation +€19,588
up €19,588 (+173.7%), from €11,277 to €30,865
- Staff costs +€8,432
up €8,432 (+621.2%), from €1,357 to €9,789
- Gross operating margin +€7,200
up €7,200 (+11.6%), from €61,830 to €69,030
- Other operating charges +€5,605
up €5,605 (+281.6%), from €1,990 to €7,595
- Financial charges +€5,234
up €5,234 (+128.5%), from €4,074 to €9,307
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €272,475 | €335,460 | +€62,986 | +23.1% |
| Fixed assets | 21/28 | €88,145 | €78,905 | -€9,240 | -10.5% |
| Intangible fixed assets | 21 | €13,900 | €8,542 | -€5,358 | -38.5% |
| Tangible fixed assets | 22/27 | €74,245 | €70,363 | -€3,882 | -5.2% |
| Plant, machinery and equipment | 23 | €2,599 | €691 | -€1,908 | -73.4% |
| Furniture and vehicles | 24 | €4,447 | €3,276 | -€1,172 | -26.3% |
| Leasing and similar rights | 25 | €45,639 | €31,239 | -€14,400 | -31.6% |
| Other tangible fixed assets | 26 | €21,559 | €35,157 | +€13,598 | +63.1% |
| Current assets | 29/58 | €184,329 | €256,555 | +€72,226 | +39.2% |
| Amounts receivable within one year | 40/41 | €147,894 | €245,368 | +€97,474 | +65.9% |
| Trade receivables | 40 | €135,154 | €228,570 | +€93,416 | +69.1% |
| Other amounts receivable | 41 | €12,740 | €16,798 | +€4,058 | +31.9% |
| Cash at bank and in hand | 54/58 | €31,352 | €9,176 | -€22,175 | -70.7% |
| Deferred charges and accrued income | 490/1 | €5,084 | €2,011 | -€3,073 | -60.4% |
| Total equity and liabilities | 10/49 | €272,475 | €335,460 | +€62,986 | +23.1% |
| Equity | 10/15 | €90,417 | €97,654 | +€7,237 | +8.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €87,417 | €94,654 | +€7,237 | +8.3% |
| Distributable reserves | 133 | €87,417 | €94,654 | +€7,237 | +8.3% |
| Amounts payable | 17/49 | €182,058 | €237,806 | +€55,748 | +30.6% |
| Amounts payable after more than one year | 17 | €41,097 | €27,015 | -€14,082 | -34.3% |
| Financial debts | 170/4 | €41,097 | €27,015 | -€14,082 | -34.3% |
| Amounts payable within one year | 42/48 | €139,161 | €210,791 | +€71,631 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €38,814 | €9,465 | -€29,349 | -75.6% |
| Financial debts | 43 | - | €150 | +€150 | |
| Credit institutions | 430/8 | - | €150 | +€150 | |
| Trade debts | 44 | €79,296 | €155,822 | +€76,526 | +96.5% |
| Suppliers | 440/4 | €79,296 | €155,822 | +€76,526 | +96.5% |
| Advances received on contracts in progress | 46 | - | €96 | +€96 | |
| Taxes, remuneration and social security | 45 | €12,848 | €12,759 | -€89 | -0.7% |
| Taxes | 450/3 | €10,348 | €5,935 | -€4,413 | -42.6% |
| Remuneration and social security | 454/9 | €2,500 | €6,824 | +€4,324 | +173.0% |
| Other amounts payable | 47/48 | €8,202 | €32,498 | +€24,296 | +296.2% |
| Accrued charges and deferred income | 492/3 | €1,800 | - | -€1,800 | |
| Remuneration, social security and pensions | 62 | €1,357 | €9,789 | +€8,432 | +621.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,277 | €30,865 | +€19,588 | +173.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,485 | +€1,485 | |
| Other operating charges | 640/8 | €1,990 | €7,595 | +€5,605 | +281.6% |
| Non-recurring operating charges | 66A | €9,009 | - | -€9,009 | |
| Gross operating margin | 9900 | €61,830 | €69,030 | +€7,200 | +11.6% |
| Operating profit (loss) | 9901 | €38,196 | €19,296 | -€18,901 | -49.5% |
| Financial income | 75/76B | €105 | €571 | +€466 | +445.2% |
| Recurring financial income | 75 | €105 | €571 | +€466 | +445.2% |
| Financial charges | 65/66B | €4,074 | €9,307 | +€5,234 | +128.5% |
| Recurring financial charges | 65 | €4,074 | €9,307 | +€5,234 | +128.5% |
| Profit (loss) for the period before taxes | 9903 | €34,227 | €10,559 | -€23,668 | -69.2% |
| Income taxes | 67/77 | €7,735 | €3,322 | -€4,413 | -57.1% |
| Profit (loss) for the period | 9904 | €26,492 | €7,237 | -€19,255 | -72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,492 | €7,237 | -€19,255 | -72.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.