STOREX: 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
STOREX
NACE 52.100, Warehousing and storage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€49,594
2024 · -€1.1m+€1.1m
Equity
€14.3m
2024 · €14.2m+€36,405
Cash
€96,747
2024 · €46,846+€49,902
Balance sheet total
€43.7m
2024 · €46.7m-€3.0m
Largest movements
Assets
- Financial fixed assets -€2.9m
down €2.9m (-34.2%), from €8.4m to €5.5m
of which Affiliated companies: -€2.9m
- Stocks and contracts -€2.5m
down €2.5m (-27.1%), from €9.1m to €6.6m
- Tangible fixed assets +€1.6m
up €1.6m (+7.7%), from €21.5m to €23.1m
of which Land and buildings: +€1.7m
- Receivables within one year +€613,134
up €613,134 (+8.0%), from €7.7m to €8.3m
of which Other amounts receivable: +€626,751
Equity and liabilities
- Short-term financial debts -€2.3m
down €2.3m (-18.4%), from €12.6m to €10.3m
- Debts after one year -€2.0m
down €2.0m (-18.7%), from €10.8m to €8.8m
of which Financial debts: -€2.0m
- Other debts +€2.0m
up €2.0m (+26.5%), from €7.4m to €9.4m
- Trade debts -€625,739
down €625,739 (-81.1%), from €771,754 to €146,014
Income statement
- Financial income +€3.4m
up €3.4m (+1,093%), from €311,803 to €3.7m
- Financial charges +€3.1m
up €3.1m (+297%), from €1.1m to €4.2m
of which Non-recurring financial charges: +€2.9m
- Goods and materials -€1.3m
down €1.3m (-33.5%), from €3.9m to €2.6m
of which Purchases: -€6.4m
- Turnover -€608,453
down €608,453 (-13.2%), from €4.6m to €4.0m
- Other operating charges -€265,241
down €265,241 (-90.9%), from €291,665 to €26,424
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
-€1.1m
Turnover
-€608,453
Other operating income
-€20,148
Goods and materials
+€1.3m
Services and other goods
+€102,647
Staff costs
+€5,731
Depreciation
-€257,478
Write-downs
-€550
Other operating charges
+€265,241
Other operating items
+€210,452
Financial income
+€3.4m
Financial charges
-€3.1m
Taxes
-€163,313
Deferred taxes and other
+€830
Result 2025
€49,594
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.8m
Investment
+€550,089
Financing
-€4.4m
Cash 2024
€46,846
From operations (derived)
+€3.8m
Net result for the year
+€49,594
Depreciation
+€685,734
Stocks and contracts
+€2.5m
Receivables within one year
-€613,134
Smaller working-capital items
+€3,865
Provisions
-€25,910
Trade debts
-€625,739
Advances received
-€7,192
Other debts
+€2.0m
Accrued charges and deferred income
-€33,169
Investment (derived)
+€550,089
Investment in fixed assets (net)
+€550,089
Financing
-€4.4m
Debts after one year
-€2.0m
Short-term financial debts
-€2.3m
Contributions, distributions and other
-€13,189
Cash 2025
€96,747
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,744,408 | €43,714,354 | -€3.0m | -6.5% |
| Fixed assets | 21/28 | €29,907,149 | €28,671,326 | -€1.2m | -4.1% |
| Tangible fixed assets | 22/27 | €21,475,588 | €23,122,953 | +€1.6m | +7.7% |
| Land and buildings | 22 | €21,201,883 | €22,905,715 | +€1.7m | +8.0% |
| Plant, machinery and equipment | 23 | €103,500 | €103,500 | = | 0.0% |
| Furniture and vehicles | 24 | €170,205 | €113,738 | -€56,467 | -33.2% |
| Financial fixed assets | 28 | €8,431,561 | €5,548,373 | -€2.9m | -34.2% |
| Affiliated companies | 280/1 | €8,425,761 | €5,542,573 | -€2.9m | -34.2% |
| Participating interests | 280 | €8,425,761 | €5,542,573 | -€2.9m | -34.2% |
| Other financial fixed assets | 284/8 | €5,800 | €5,800 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,800 | €5,800 | = | 0.0% |
| Current assets | 29/58 | €16,837,259 | €15,043,028 | -€1.8m | -10.7% |
| Amounts receivable after more than one year | 29 | €55,461 | €55,461 | = | 0.0% |
| Other amounts receivable | 291 | €55,461 | €55,461 | = | 0.0% |
| Stocks and contracts in progress | 3 | €9,061,289 | €6,608,578 | -€2.5m | -27.1% |
| Stocks | 30/36 | €9,061,289 | €6,608,578 | -€2.5m | -27.1% |
| Property held for sale | 35 | €9,061,289 | €6,608,578 | -€2.5m | -27.1% |
| Amounts receivable within one year | 40/41 | €7,653,159 | €8,266,293 | +€613,134 | +8.0% |
| Trade receivables | 40 | €20,188 | €6,571 | -€13,617 | -67.5% |
| Other amounts receivable | 41 | €7,632,971 | €8,259,722 | +€626,751 | +8.2% |
| Cash at bank and in hand | 54/58 | €46,846 | €96,747 | +€49,902 | +107% |
| Deferred charges and accrued income | 490/1 | €20,504 | €15,949 | -€4,555 | -22.2% |
| Total equity and liabilities | 10/49 | €46,744,408 | €43,714,354 | -€3.0m | -6.5% |
| Equity | 10/15 | €14,234,591 | €14,270,996 | +€36,405 | +0.3% |
| Contributions | 10/11 | €644,745 | €644,745 | = | 0.0% |
| Capital | 10 | €644,524 | €644,524 | = | 0.0% |
| Issued capital | 100 | €644,524 | €644,524 | = | 0.0% |
| Contributions outside capital | 11 | €221 | €221 | = | 0.0% |
| Share premium | 1100/10 | €221 | €221 | = | 0.0% |
| Revaluation surpluses | 12 | €1,011,969 | €998,780 | -€13,189 | -1.3% |
| Reserves | 13 | €12,577,877 | €12,627,471 | +€49,594 | +0.4% |
| Non-distributable reserves | 130/1 | €560,055 | €560,055 | = | 0.0% |
| Legal reserve | 130 | €560,055 | €560,055 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,709,498 | €1,630,568 | -€78,929 | -4.6% |
| Distributable reserves | 133 | €10,308,323 | €10,436,847 | +€128,523 | +1.2% |
| Provisions and deferred taxes | 16 | €696,509 | €670,599 | -€25,910 | -3.7% |
| Provisions for liabilities and charges | 160/5 | €254,925 | €254,925 | = | 0.0% |
| Taxes | 161 | €254,925 | €254,925 | = | 0.0% |
| Deferred taxes | 168 | €441,584 | €415,674 | -€25,910 | -5.9% |
| Amounts payable | 17/49 | €31,813,308 | €28,772,759 | -€3.0m | -9.6% |
| Amounts payable after more than one year | 17 | €10,773,778 | €8,761,828 | -€2.0m | -18.7% |
| Financial debts | 170/4 | €10,773,778 | €8,761,828 | -€2.0m | -18.7% |
| Credit institutions | 173 | €22,904 | €10,954 | -€11,950 | -52.2% |
| Other loans | 174 | €10,750,874 | €8,750,874 | -€2.0m | -18.6% |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €20,928,495 | €19,933,065 | -€995,430 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €11,950 | €11,950 | = | 0.0% |
| Financial debts | 43 | €12,625,000 | €10,300,000 | -€2.3m | -18.4% |
| Other loans | 439 | €12,625,000 | €10,300,000 | -€2.3m | -18.4% |
| Trade debts | 44 | €771,754 | €146,014 | -€625,739 | -81.1% |
| Suppliers | 440/4 | €771,754 | €146,014 | -€625,739 | -81.1% |
| Advances received on contracts in progress | 46 | €7,192 | €0 | -€7,192 | -100% |
| Taxes, remuneration and social security | 45 | €90,589 | €89,899 | -€690 | -0.8% |
| Taxes | 450/3 | €77,652 | €76,814 | -€837 | -1.1% |
| Remuneration and social security | 454/9 | €12,937 | €13,084 | +€147 | +1.1% |
| Other amounts payable | 47/48 | €7,422,011 | €9,385,202 | +€2.0m | +26.5% |
| Accrued charges and deferred income | 492/3 | €111,034 | €77,865 | -€33,169 | -29.9% |
| Operating income | 70/76A | €4,813,786 | €4,395,637 | -€418,149 | -8.7% |
| Turnover | 70 | €4,598,903 | €3,990,449 | -€608,453 | -13.2% |
| Other operating income | 74 | €214,884 | €194,736 | -€20,148 | -9.4% |
| Non-recurring operating income | 76A | €0 | €210,452 | +€210,452 | |
| Operating charges | 60/66A | €5,152,863 | €3,741,405 | -€1.4m | -27.4% |
| Goods for resale, raw materials and consumables | 60 | €3,873,819 | €2,577,951 | -€1.3m | -33.5% |
| Purchases | 600/8 | €6,516,218 | €125,240 | -€6.4m | -98.1% |
| Change in stocks: decrease (increase) | 609 | -€2,642,399 | €2,452,711 | +€5.1m | |
| Services and other goods | 61 | €489,151 | €386,504 | -€102,647 | -21.0% |
| Remuneration, social security and pensions | 62 | €70,522 | €64,791 | -€5,731 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €428,256 | €685,734 | +€257,478 | +60.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€550 | €0 | +€550 | |
| Other operating charges | 640/8 | €291,665 | €26,424 | -€265,241 | -90.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | -€339,077 | €654,232 | +€993,309 | |
| Financial income | 75/76B | €311,803 | €3,719,503 | +€3.4m | +1,093% |
| Recurring financial income | 75 | €311,803 | €3,719,503 | +€3.4m | +1,093% |
| Income from financial fixed assets | 750 | €289,224 | €3,475,225 | +€3.2m | +1,102% |
| Income from current assets | 751 | - | €236,933 | +€236,933 | |
| Other financial income | 752/9 | €22,579 | €7,345 | -€15,234 | -67.5% |
| Financial charges | 65/66B | €1,054,117 | €4,182,261 | +€3.1m | +297% |
| Recurring financial charges | 65 | €1,054,117 | €1,299,073 | +€244,956 | +23.2% |
| Debt charges | 650 | €771,549 | €1,288,956 | +€517,407 | +67.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €268,731 | - | -€268,731 | |
| Other financial charges | 652/9 | €13,837 | €10,117 | -€3,721 | -26.9% |
| Non-recurring financial charges | 66B | - | €2,883,188 | +€2.9m | |
| Profit (loss) for the period before taxes | 9903 | -€1,081,391 | €191,474 | +€1.3m | |
| Transfer from deferred taxes | 780 | €25,080 | €25,910 | +€830 | +3.3% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €4,478 | €167,791 | +€163,313 | +3,647% |
| Taxes | 670/3 | €4,478 | €167,791 | +€163,313 | +3,647% |
| Profit (loss) for the period | 9904 | -€1,060,788 | €49,594 | +€1.1m | |
| Transfer from tax-exempt reserves | 789 | €77,317 | €78,929 | +€1,612 | +2.1% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€983,471 | €128,523 | +€1.1m |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.