Stordeur Mgmt: 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.
Stordeur Mgmt
Largest movements
- Receivables within one year +€32,161
up €32,161 (+69.3%), from €46,377 to €78,539
of which Other amounts receivable: +€17,488
- Cash -€8,877
down €8,877 (-65.5%), from €13,552 to €4,675
mainly Debts after one year (-€59,476) and Receivables within one year (-€32,161)
- Tangible fixed assets -€5,157
down €5,157 (-35.0%), from €14,738 to €9,580
- Debts after one year -€59,476
down €59,476 (-34.8%), from €171,126 to €111,650
of which Other amounts payable: -€33,491
- Provisions +€40,898
new in 2025: €40,898
- Profit (loss) carried forward +€20,062
up €20,062 (+47.8%), from €41,952 to €62,014
- Short-term financial debts +€14,963
up €14,963 (+40,473%), from €37 to €15,000
- Provisions +€40,898
new in 2025: €40,898
- Financial charges -€38,351
down €38,351 (-83.7%), from €45,804 to €7,454
- Gross operating margin +€29,463
up €29,463 (+44.7%), from €65,873 to €95,336
- Taxes +€15,932
up €15,932 (+257%), from €6,194 to €22,126
- Financial income +€1,496
up €1,496 (+395%), from €378 to €1,875
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 | €325,226 | €344,985 | +€19,760 | +6.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €264,609 | €259,601 | -€5,007 | -1.9% |
| Tangible fixed assets | 22/27 | €14,738 | €9,580 | -€5,157 | -35.0% |
| Furniture and vehicles | 24 | €14,738 | €9,580 | -€5,157 | -35.0% |
| Financial fixed assets | 28 | €249,871 | €250,021 | +€150 | +0.1% |
| Current assets | 29/58 | €60,617 | €85,384 | +€24,767 | +40.9% |
| Amounts receivable within one year | 40/41 | €46,377 | €78,539 | +€32,161 | +69.3% |
| Trade receivables | 40 | €38,377 | €53,051 | +€14,673 | +38.2% |
| Other amounts receivable | 41 | €8,000 | €25,488 | +€17,488 | +219% |
| Cash at bank and in hand | 54/58 | €13,552 | €4,675 | -€8,877 | -65.5% |
| Deferred charges and accrued income | 490/1 | €687 | €2,171 | +€1,484 | +216% |
| Total equity and liabilities | 10/49 | €325,226 | €344,985 | +€19,760 | +6.1% |
| Equity | 10/15 | €44,952 | €65,014 | +€20,062 | +44.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,952 | €62,014 | +€20,062 | +47.8% |
| Provisions and deferred taxes | 16 | - | €40,898 | +€40,898 | |
| Provisions for liabilities and charges | 160/5 | - | €40,898 | +€40,898 | |
| Other liabilities and charges | 164/5 | - | €40,898 | +€40,898 | |
| Amounts payable | 17/49 | €280,274 | €239,074 | -€41,200 | -14.7% |
| Amounts payable after more than one year | 17 | €171,126 | €111,650 | -€59,476 | -34.8% |
| Financial debts | 170/4 | €137,635 | €111,650 | -€25,985 | -18.9% |
| Other amounts payable | 178/9 | €33,491 | - | -€33,491 | |
| Amounts payable within one year | 42/48 | €106,594 | €124,648 | +€18,054 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €25,469 | €25,985 | +€516 | +2.0% |
| Financial debts | 43 | €37 | €15,000 | +€14,963 | +40,473% |
| Credit institutions | 430/8 | €37 | €15,000 | +€14,963 | +40,473% |
| Trade debts | 44 | €596 | €590 | -€7 | -1.1% |
| Suppliers | 440/4 | €596 | €590 | -€7 | -1.1% |
| Taxes, remuneration and social security | 45 | €21,389 | €23,970 | +€2,581 | +12.1% |
| Taxes | 450/3 | €21,389 | €23,970 | +€2,581 | +12.1% |
| Other amounts payable | 47/48 | €59,102 | €59,102 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,554 | €2,776 | +€222 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,542 | €6,123 | +€581 | +10.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €40,898 | +€40,898 | |
| Other operating charges | 640/8 | €567 | €549 | -€18 | -3.2% |
| Gross operating margin | 9900 | €65,873 | €95,336 | +€29,463 | +44.7% |
| Operating profit (loss) | 9901 | €59,765 | €47,766 | -€11,998 | -20.1% |
| Financial income | 75/76B | €378 | €1,875 | +€1,496 | +395% |
| Recurring financial income | 75 | €378 | €1,875 | +€1,496 | +395% |
| Financial charges | 65/66B | €45,804 | €7,454 | -€38,351 | -83.7% |
| Recurring financial charges | 65 | €45,804 | €7,454 | -€38,351 | -83.7% |
| Profit (loss) for the period before taxes | 9903 | €14,339 | €42,187 | +€27,849 | +194% |
| Income taxes | 67/77 | €6,194 | €22,126 | +€15,932 | +257% |
| Profit (loss) for the period | 9904 | €8,145 | €20,062 | +€11,917 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €8,145 | €20,062 | +€11,917 | +146% |
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 21 October 2026 via checked.be.