STOLNA: 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.
STOLNA
Largest movements
- Current investments +€99,359
up €99,359 (+127.8%), from €77,745 to €177,104
- Tangible fixed assets +€85,478
up €85,478 (+24.2%), from €353,458 to €438,937
of which Furniture and vehicles: +€73,492
- Cash -€68,372
down €68,372 (-32.7%), from €209,164 to €140,792
mainly Investment in fixed assets (net) (-€113,929) and Current investments (-€99,359)
- Reserves +€84,635
up €84,635 (+19.4%), from €435,221 to €519,856
- Debts after one year +€23,979
up €23,979 (+13.5%), from €178,213 to €202,192
of which Financial debts: +€23,979
- Gross operating margin +€29,169
up €29,169 (+15.0%), from €194,299 to €223,469
- Taxes +€8,214
up €8,214 (+17.2%), from €47,702 to €55,916
- Depreciation +€3,584
up €3,584 (+14.4%), from €24,867 to €28,451
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 | €688,904 | €806,747 | +€117,843 | +17.1% |
| Fixed assets | 21/28 | €353,458 | €438,937 | +€85,478 | +24.2% |
| Tangible fixed assets | 22/27 | €353,458 | €438,937 | +€85,478 | +24.2% |
| Land and buildings | 22 | €325,200 | €312,600 | -€12,600 | -3.9% |
| Plant, machinery and equipment | 23 | €12,743 | €37,330 | +€24,587 | +192.9% |
| Furniture and vehicles | 24 | €15,515 | €89,007 | +€73,492 | +473.7% |
| Current assets | 29/58 | €335,445 | €367,810 | +€32,365 | +9.6% |
| Amounts receivable within one year | 40/41 | €286 | €3,817 | +€3,531 | +1234.7% |
| Other amounts receivable | 41 | €286 | €3,817 | +€3,531 | +1234.7% |
| Current investments | 50/53 | €77,745 | €177,104 | +€99,359 | +127.8% |
| Cash at bank and in hand | 54/58 | €209,164 | €140,792 | -€68,372 | -32.7% |
| Deferred charges and accrued income | 490/1 | €48,251 | €46,098 | -€2,153 | -4.5% |
| Total equity and liabilities | 10/49 | €688,904 | €806,747 | +€117,843 | +17.1% |
| Equity | 10/15 | €447,621 | €532,256 | +€84,635 | +18.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €435,221 | €519,856 | +€84,635 | +19.4% |
| Distributable reserves | 133 | €435,221 | €519,856 | +€84,635 | +19.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €241,283 | €274,491 | +€33,208 | +13.8% |
| Amounts payable after more than one year | 17 | €178,213 | €202,192 | +€23,979 | +13.5% |
| Financial debts | 170/4 | €176,561 | €200,540 | +€23,979 | +13.6% |
| Other amounts payable | 178/9 | €1,652 | €1,652 | = | 0.0% |
| Amounts payable within one year | 42/48 | €63,070 | €70,426 | +€7,356 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €31,327 | €36,021 | +€4,694 | +15.0% |
| Trade debts | 44 | €2,378 | €3,983 | +€1,605 | +67.5% |
| Suppliers | 440/4 | €2,378 | €3,983 | +€1,605 | +67.5% |
| Taxes, remuneration and social security | 45 | €3,819 | €3,767 | -€52 | -1.4% |
| Taxes | 450/3 | €3,819 | €3,767 | -€52 | -1.4% |
| Other amounts payable | 47/48 | €25,546 | €26,655 | +€1,109 | +4.3% |
| Accrued charges and deferred income | 492/3 | - | €1,873 | +€1,873 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,867 | €28,451 | +€3,584 | +14.4% |
| Other operating charges | 640/8 | €2,691 | €3,187 | +€496 | +18.4% |
| Gross operating margin | 9900 | €194,299 | €223,469 | +€29,169 | +15.0% |
| Operating profit (loss) | 9901 | €166,742 | €191,831 | +€25,090 | +15.0% |
| Financial income | 75/76B | €1,465 | €2,546 | +€1,082 | +73.9% |
| Recurring financial income | 75 | €1,465 | €2,546 | +€1,082 | +73.9% |
| Financial charges | 65/66B | €5,952 | €5,576 | -€375 | -6.3% |
| Recurring financial charges | 65 | €5,952 | €5,576 | -€375 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €162,254 | €188,801 | +€26,547 | +16.4% |
| Income taxes | 67/77 | €47,702 | €55,916 | +€8,214 | +17.2% |
| Profit (loss) for the period | 9904 | €114,553 | €132,886 | +€18,333 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €114,553 | €132,886 | +€18,333 | +16.0% |
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 7 October 2026 via checked.be.