STOPPANI: 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
STOPPANI
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€52,284
2024 · €59,568-€7,284
Equity
€5.8m
2024 · €5.8m+€52,284
Cash
€1.2m
2024 · €1.1m+€180,846
Balance sheet total
€6.2m
2024 · €6.2m+€19,355
Largest movements
Assets
- Cash +€180,846
up €180,846 (+17.2%), from €1.1m to €1.2m
mainly Depreciation (+€238,510) and Net result for the year (+€52,284)
- Tangible fixed assets -€156,916
down €156,916 (-3.8%), from €4.2m to €4.0m
of which Land and buildings: -€145,715
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€7,458
down €7,458 (-2.0%), from €379,284 to €371,826
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
€59,568
Gross operating margin
-€7,458
Depreciation
-€2,112
Other operating charges
-€2,671
Financial income
-€659
Financial charges
+€3,253
Taxes
+€2,362
Result 2025
€52,284
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.
From operations
+€294,884
Investment
-€80,655
Financing
-€33,383
Cash 2024
€1.1m
From operations (derived)
+€294,884
Net result for the year
+€52,284
Depreciation
+€238,510
Receivables within one year
+€3,636
Provisions
-€7,273
Trade debts
+€1,501
Tax, wage and social debts
+€4,320
Advances received
+€1,905
Investment (derived)
-€80,655
Investment in fixed assets (net)
-€80,655
Financing
-€33,383
Debts after one year
-€33,383
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,219,175 | €6,238,529 | +€19,355 | +0.3% |
| Fixed assets | 21/28 | €5,159,489 | €5,001,634 | -€157,855 | -3.1% |
| Tangible fixed assets | 22/27 | €4,161,324 | €4,004,408 | -€156,916 | -3.8% |
| Land and buildings | 22 | €3,957,556 | €3,811,841 | -€145,715 | -3.7% |
| Plant, machinery and equipment | 23 | €202,945 | €190,727 | -€12,219 | -6.0% |
| Furniture and vehicles | 24 | €823 | €1,840 | +€1,017 | +123.7% |
| Financial fixed assets | 28 | €998,165 | €997,226 | -€939 | -0.1% |
| Current assets | 29/58 | €1,059,686 | €1,236,895 | +€177,210 | +16.7% |
| Amounts receivable within one year | 40/41 | €6,985 | €3,349 | -€3,636 | -52.1% |
| Trade receivables | 40 | €1,079 | - | -€1,079 | |
| Other amounts receivable | 41 | €5,907 | €3,349 | -€2,557 | -43.3% |
| Cash at bank and in hand | 54/58 | €1,052,700 | €1,233,546 | +€180,846 | +17.2% |
| Total equity and liabilities | 10/49 | €6,219,175 | €6,238,529 | +€19,355 | +0.3% |
| Equity | 10/15 | €5,785,682 | €5,837,966 | +€52,284 | +0.9% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €5,661,682 | €5,713,966 | +€52,284 | +0.9% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €655,783 | €633,964 | -€21,819 | -3.3% |
| Distributable reserves | 133 | €4,993,499 | €5,067,602 | +€74,103 | +1.5% |
| Provisions and deferred taxes | 16 | €218,594 | €211,321 | -€7,273 | -3.3% |
| Deferred taxes | 168 | €218,594 | €211,321 | -€7,273 | -3.3% |
| Amounts payable | 17/49 | €214,898 | €189,242 | -€25,656 | -11.9% |
| Amounts payable after more than one year | 17 | €177,985 | €144,601 | -€33,383 | -18.8% |
| Financial debts | 170/4 | €175,000 | €141,666 | -€33,333 | -19.0% |
| Other amounts payable | 178/9 | €2,985 | €2,935 | -€50 | -1.7% |
| Amounts payable within one year | 42/48 | €36,914 | €44,641 | +€7,727 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €33,333 | €33,333 | = | 0.0% |
| Trade debts | 44 | €161 | €1,662 | +€1,501 | +934.4% |
| Suppliers | 440/4 | €161 | €1,662 | +€1,501 | +934.4% |
| Advances received on contracts in progress | 46 | €3,420 | €5,325 | +€1,905 | +55.7% |
| Taxes, remuneration and social security | 45 | - | €4,320 | +€4,320 | |
| Taxes | 450/3 | - | €4,320 | +€4,320 | |
| Non-recurring operating income | 76A | €504 | - | -€504 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236,398 | €238,510 | +€2,112 | +0.9% |
| Other operating charges | 640/8 | €58,201 | €60,872 | +€2,671 | +4.6% |
| Gross operating margin | 9900 | €379,284 | €371,826 | -€7,458 | -2.0% |
| Operating profit (loss) | 9901 | €84,685 | €72,444 | -€12,241 | -14.5% |
| Financial income | 75/76B | €4,961 | €4,302 | -€659 | -13.3% |
| Recurring financial income | 75 | €4,666 | €4,302 | -€364 | -7.8% |
| Non-recurring financial income | 76B | €294 | - | -€294 | |
| Financial charges | 65/66B | €10,287 | €7,034 | -€3,253 | -31.6% |
| Recurring financial charges | 65 | €10,287 | €6,095 | -€4,192 | -40.7% |
| Non-recurring financial charges | 66B | - | €939 | +€939 | |
| Profit (loss) for the period before taxes | 9903 | €79,358 | €69,712 | -€9,646 | -12.2% |
| Transfer from deferred taxes | 780 | €7,273 | €7,273 | = | 0.0% |
| Income taxes | 67/77 | €27,063 | €24,701 | -€2,362 | -8.7% |
| Profit (loss) for the period | 9904 | €59,568 | €52,284 | -€7,284 | -12.2% |
| Transfer from tax-exempt reserves | 789 | €21,819 | €21,819 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,387 | €74,103 | -€7,284 | -8.9% |
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 11 October 2026 via checked.be.