STORE 22: 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.
STORE 22
Largest movements
- Cash +€83,693
up €83,693 (+27.7%), from €302,229 to €385,922
mainly Depreciation (+€116,362) and Advances received (+€75,473)
- Receivables within one year +€51,962
up €51,962 (+31.0%), from €167,767 to €219,730
of which Trade receivables: +€47,524
- Tangible fixed assets -€51,582
down €51,582 (-13.0%), from €398,101 to €346,519
of which Other tangible fixed assets: -€26,941
- Stocks and contracts -€43,485
down €43,485 (-5.1%), from €853,072 to €809,586
- Financial fixed assets +€35,292
up €35,292 (+138.7%), from €25,450 to €60,742
- Advances received +€75,473
up €75,473 (+13.0%), from €580,147 to €655,620
- Other debts -€72,972
down €72,972 (-43.1%), from €169,153 to €96,181
- Reserves +€68,125
up €68,125 (+20.9%), from €325,194 to €393,320
- Debts after one year -€61,023
down €61,023 (-17.1%), from €357,706 to €296,683
- Tax, wage and social debts +€33,645
up €33,645 (+37.2%), from €90,392 to €124,037
of which Taxes: +€20,744
- Gross operating margin +€210,748
up €210,748 (+21.6%), from €974,296 to €1.2m
- Staff costs +€162,220
up €162,220 (+22.0%), from €736,877 to €899,096
- Financial charges +€65,424
up €65,424 (+210.1%), from €31,139 to €96,564
of which Non-recurring financial charges: +€67,479
- Depreciation +€29,983
up €29,983 (+34.7%), from €86,378 to €116,362
- Provisions -€16,535
down €16,535 (-60.9%), from €27,147 to €10,612
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 | €1,799,741 | €1,881,071 | +€81,330 | +4.5% |
| Fixed assets | 21/28 | €423,551 | €407,262 | -€16,289 | -3.8% |
| Tangible fixed assets | 22/27 | €398,101 | €346,519 | -€51,582 | -13.0% |
| Plant, machinery and equipment | 23 | €59,141 | €33,865 | -€25,275 | -42.7% |
| Furniture and vehicles | 24 | €1,354 | €1,988 | +€634 | +46.9% |
| Other tangible fixed assets | 26 | €337,607 | €310,666 | -€26,941 | -8.0% |
| Financial fixed assets | 28 | €25,450 | €60,742 | +€35,292 | +138.7% |
| Current assets | 29/58 | €1,376,191 | €1,473,810 | +€97,619 | +7.1% |
| Stocks and contracts in progress | 3 | €853,072 | €809,586 | -€43,485 | -5.1% |
| Stocks | 30/36 | €853,072 | €809,586 | -€43,485 | -5.1% |
| Amounts receivable within one year | 40/41 | €167,767 | €219,730 | +€51,962 | +31.0% |
| Trade receivables | 40 | €133,640 | €181,165 | +€47,524 | +35.6% |
| Other amounts receivable | 41 | €34,127 | €38,565 | +€4,438 | +13.0% |
| Current investments | 50/53 | €49,810 | €50,511 | +€701 | +1.4% |
| Cash at bank and in hand | 54/58 | €302,229 | €385,922 | +€83,693 | +27.7% |
| Deferred charges and accrued income | 490/1 | €3,313 | €8,061 | +€4,749 | +143.3% |
| Total equity and liabilities | 10/49 | €1,799,741 | €1,881,071 | +€81,330 | +4.5% |
| Equity | 10/15 | €425,194 | €493,320 | +€68,125 | +16.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €325,194 | €393,320 | +€68,125 | +20.9% |
| Distributable reserves | 133 | €325,194 | €393,320 | +€68,125 | +20.9% |
| Provisions and deferred taxes | 16 | €43,772 | €54,384 | +€10,612 | +24.2% |
| Provisions for liabilities and charges | 160/5 | €43,772 | €54,384 | +€10,612 | +24.2% |
| Environmental obligations | 163 | €43,772 | €54,384 | +€10,612 | +24.2% |
| Amounts payable | 17/49 | €1,330,775 | €1,333,368 | +€2,593 | +0.2% |
| Amounts payable after more than one year | 17 | €357,706 | €296,683 | -€61,023 | -17.1% |
| Financial debts | 170/4 | €357,706 | €296,683 | -€61,023 | -17.1% |
| Amounts payable within one year | 42/48 | €964,395 | €1,027,292 | +€62,897 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €58,917 | €61,023 | +€2,107 | +3.6% |
| Trade debts | 44 | €65,786 | €90,430 | +€24,645 | +37.5% |
| Suppliers | 440/4 | €65,786 | €90,430 | +€24,645 | +37.5% |
| Advances received on contracts in progress | 46 | €580,147 | €655,620 | +€75,473 | +13.0% |
| Taxes, remuneration and social security | 45 | €90,392 | €124,037 | +€33,645 | +37.2% |
| Taxes | 450/3 | €16,595 | €37,338 | +€20,744 | +125.0% |
| Remuneration and social security | 454/9 | €73,797 | €86,698 | +€12,901 | +17.5% |
| Other amounts payable | 47/48 | €169,153 | €96,181 | -€72,972 | -43.1% |
| Accrued charges and deferred income | 492/3 | €8,674 | €9,393 | +€719 | +8.3% |
| Remuneration, social security and pensions | 62 | €736,877 | €899,096 | +€162,220 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,378 | €116,362 | +€29,983 | +34.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €27,147 | €10,612 | -€16,535 | -60.9% |
| Other operating charges | 640/8 | €14,765 | €18,228 | +€3,463 | +23.5% |
| Gross operating margin | 9900 | €974,296 | €1,185,044 | +€210,748 | +21.6% |
| Operating profit (loss) | 9901 | €109,128 | €140,746 | +€31,618 | +29.0% |
| Financial income | 75/76B | €44,342 | €54,967 | +€10,625 | +24.0% |
| Recurring financial income | 75 | €44,342 | €54,967 | +€10,625 | +24.0% |
| Financial charges | 65/66B | €31,139 | €96,564 | +€65,424 | +210.1% |
| Recurring financial charges | 65 | €31,139 | €29,085 | -€2,055 | -6.6% |
| Non-recurring financial charges | 66B | - | €67,479 | +€67,479 | |
| Profit (loss) for the period before taxes | 9903 | €122,331 | €99,149 | -€23,182 | -18.9% |
| Income taxes | 67/77 | €28,221 | €31,024 | +€2,803 | +9.9% |
| Profit (loss) for the period | 9904 | €94,110 | €68,125 | -€25,985 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €94,110 | €68,125 | -€25,985 | -27.6% |
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 1 October 2026 via checked.be.