STOPPELWEG: 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.
STOPPELWEG
Largest movements
- Receivables within one year +€90,050
up €90,050 (+380.3%), from €23,681 to €113,730
of which Other amounts receivable: +€89,925
- Tangible fixed assets -€18,638
down €18,638 (-6.5%), from €288,146 to €269,508
of which Land and buildings: -€18,330
- Cash +€14,176
up €14,176 (+71.0%), from €19,978 to €34,154
mainly Debts after one year (+€82,397) and Depreciation (+€27,608)
- Debts after one year +€82,397
up €82,397 (+3953.6%), from €2,084 to €84,481
- Reserves -€10,523
down €10,523 (-21.5%), from €48,903 to €38,379
of which Distributable reserves: -€10,523
- Current portion of long-term debt +€9,625
up €9,625 (+154.0%), from €6,250 to €15,875
- Trade debts +€9,447
up €9,447 (+272.8%), from €3,462 to €12,909
- Other debts -€5,586
down €5,586 (-2.7%), from €210,052 to €204,466
- Gross operating margin -€2,455
down €2,455 (-6.7%), from €36,499 to €34,043
- Financial charges +€1,642
up €1,642 (+261.8%), from €627 to €2,270
- Depreciation -€844
down €844 (-3.0%), from €28,453 to €27,608
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 | €332,563 | €417,611 | +€85,048 | +25.6% |
| Fixed assets | 21/28 | €288,146 | €269,508 | -€18,638 | -6.5% |
| Tangible fixed assets | 22/27 | €288,146 | €269,508 | -€18,638 | -6.5% |
| Land and buildings | 22 | €287,097 | €268,766 | -€18,330 | -6.4% |
| Plant, machinery and equipment | 23 | €1,049 | €742 | -€308 | -29.3% |
| Current assets | 29/58 | €44,417 | €148,103 | +€103,685 | +233.4% |
| Amounts receivable within one year | 40/41 | €23,681 | €113,730 | +€90,050 | +380.3% |
| Trade receivables | 40 | €1,956 | €2,081 | +€125 | +6.4% |
| Other amounts receivable | 41 | €21,725 | €111,650 | +€89,925 | +413.9% |
| Cash at bank and in hand | 54/58 | €19,978 | €34,154 | +€14,176 | +71.0% |
| Deferred charges and accrued income | 490/1 | €759 | €218 | -€541 | -71.2% |
| Total equity and liabilities | 10/49 | €332,563 | €417,611 | +€85,048 | +25.6% |
| Equity | 10/15 | €110,403 | €99,879 | -€10,523 | -9.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €48,903 | €38,379 | -€10,523 | -21.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €42,753 | €32,229 | -€10,523 | -24.6% |
| Amounts payable | 17/49 | €222,160 | €317,731 | +€95,571 | +43.0% |
| Amounts payable after more than one year | 17 | €2,084 | €84,481 | +€82,397 | +3953.6% |
| Financial debts | 170/4 | €2,084 | €84,481 | +€82,397 | +3953.6% |
| Amounts payable within one year | 42/48 | €220,076 | €233,250 | +€13,174 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €6,250 | €15,875 | +€9,625 | +154.0% |
| Trade debts | 44 | €3,462 | €12,909 | +€9,447 | +272.8% |
| Suppliers | 440/4 | €3,462 | €12,909 | +€9,447 | +272.8% |
| Taxes, remuneration and social security | 45 | €313 | - | -€313 | |
| Taxes | 450/3 | €313 | - | -€313 | |
| Other amounts payable | 47/48 | €210,052 | €204,466 | -€5,586 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,453 | €27,608 | -€844 | -3.0% |
| Other operating charges | 640/8 | €3,981 | €4,253 | +€272 | +6.8% |
| Gross operating margin | 9900 | €36,499 | €34,043 | -€2,455 | -6.7% |
| Operating profit (loss) | 9901 | €4,065 | €2,182 | -€1,883 | -46.3% |
| Financial charges | 65/66B | €627 | €2,270 | +€1,642 | +261.8% |
| Recurring financial charges | 65 | €627 | €2,270 | +€1,642 | +261.8% |
| Profit (loss) for the period before taxes | 9903 | €3,438 | -€87 | -€3,525 | |
| Income taxes | 67/77 | €313 | - | -€313 | |
| Profit (loss) for the period | 9904 | €3,125 | -€87 | -€3,213 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,125 | -€87 | -€3,213 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.