STORG: 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.
STORG
Largest movements
- Tangible fixed assets -€433,101
down €433,101 (-15.0%), from €2.9m to €2.5m
of which Leasing and similar rights: -€389,021
- Cash -€269,893
down €269,893 (-22.8%), from €1.2m to €913,964
mainly Debts after one year (-€395,005) and Trade debts (-€177,349)
- Receivables within one year +€155,548
up €155,548 (+63.5%), from €244,977 to €400,525
of which Trade receivables: +€173,964
- Debts after one year -€395,005
down €395,005 (-23.5%), from €1.7m to €1.3m
of which Financial debts: -€395,005
- Trade debts -€177,349
down €177,349 (-69.5%), from €255,333 to €77,983
- Current portion of long-term debt -€176,060
down €176,060 (-31.3%), from €561,711 to €385,650
- Reserves +€173,071
up €173,071 (+12.7%), from €1.4m to €1.5m
- Gross operating margin +€569,789
up €569,789 (+107.1%), from €531,890 to €1.1m
- Depreciation -€56,455
down €56,455 (-11.1%), from €510,151 to €453,695
- Other operating charges +€48,200
up €48,200 (+127.1%), from €37,925 to €86,124
- Financial charges -€20,568
down €20,568 (-51.8%), from €39,715 to €19,146
- Staff costs +€14,653
up €14,653 (+5.9%), from €249,245 to €263,897
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 | €4,405,366 | €3,832,810 | -€572,555 | -13.0% |
| Fixed assets | 21/28 | €2,895,218 | €2,462,116 | -€433,101 | -15.0% |
| Tangible fixed assets | 22/27 | €2,894,633 | €2,461,531 | -€433,101 | -15.0% |
| Land and buildings | 22 | €867,543 | €825,606 | -€41,936 | -4.8% |
| Plant, machinery and equipment | 23 | €270,543 | €215,616 | -€54,928 | -20.3% |
| Furniture and vehicles | 24 | €824,067 | €876,850 | +€52,783 | +6.4% |
| Leasing and similar rights | 25 | €932,479 | €543,459 | -€389,021 | -41.7% |
| Financial fixed assets | 28 | €585 | €585 | = | 0.0% |
| Current assets | 29/58 | €1,510,148 | €1,370,694 | -€139,454 | -9.2% |
| Stocks and contracts in progress | 3 | €58,550 | €39,000 | -€19,550 | -33.4% |
| Stocks | 30/36 | €58,550 | €39,000 | -€19,550 | -33.4% |
| Amounts receivable within one year | 40/41 | €244,977 | €400,525 | +€155,548 | +63.5% |
| Trade receivables | 40 | €214,803 | €388,767 | +€173,964 | +81.0% |
| Other amounts receivable | 41 | €30,174 | €11,758 | -€18,416 | -61.0% |
| Cash at bank and in hand | 54/58 | €1,183,857 | €913,964 | -€269,893 | -22.8% |
| Deferred charges and accrued income | 490/1 | €22,764 | €17,205 | -€5,559 | -24.4% |
| Total equity and liabilities | 10/49 | €4,405,366 | €3,832,810 | -€572,555 | -13.0% |
| Equity | 10/15 | €1,872,242 | €2,045,313 | +€173,071 | +9.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Revaluation surpluses | 12 | €448,592 | €448,592 | = | 0.0% |
| Reserves | 13 | €1,363,650 | €1,536,721 | +€173,071 | +12.7% |
| Distributable reserves | 133 | €1,363,650 | €1,536,721 | +€173,071 | +12.7% |
| Amounts payable | 17/49 | €2,533,124 | €1,787,497 | -€745,627 | -29.4% |
| Amounts payable after more than one year | 17 | €1,679,801 | €1,284,796 | -€395,005 | -23.5% |
| Financial debts | 170/4 | €498,101 | €103,096 | -€395,005 | -79.3% |
| Other amounts payable | 178/9 | €1,181,700 | €1,181,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €851,996 | €500,849 | -€351,147 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €561,711 | €385,650 | -€176,060 | -31.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €255,333 | €77,983 | -€177,349 | -69.5% |
| Suppliers | 440/4 | €255,333 | €77,983 | -€177,349 | -69.5% |
| Taxes, remuneration and social security | 45 | €34,953 | €37,216 | +€2,263 | +6.5% |
| Taxes | 450/3 | €560 | €532 | -€28 | -5.0% |
| Remuneration and social security | 454/9 | €34,394 | €36,685 | +€2,291 | +6.7% |
| Accrued charges and deferred income | 492/3 | €1,326 | €1,852 | +€525 | +39.6% |
| Non-recurring operating income | 76A | €133,471 | €31,908 | -€101,563 | -76.1% |
| Remuneration, social security and pensions | 62 | €249,245 | €263,897 | +€14,653 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €510,151 | €453,695 | -€56,455 | -11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €37,925 | €86,124 | +€48,200 | +127.1% |
| Non-recurring operating charges | 66A | €6,205 | €105,213 | +€99,009 | +1595.7% |
| Gross operating margin | 9900 | €531,890 | €1,101,679 | +€569,789 | +107.1% |
| Operating profit (loss) | 9901 | -€271,634 | €192,749 | +€464,383 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €39,715 | €19,146 | -€20,568 | -51.8% |
| Recurring financial charges | 65 | €39,715 | €19,146 | -€20,568 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | -€311,349 | €173,603 | +€484,952 | |
| Income taxes | 67/77 | €522 | €532 | +€9 | +1.8% |
| Profit (loss) for the period | 9904 | -€311,871 | €173,071 | +€484,942 | |
| Profit (loss) for the period to be appropriated | 9905 | -€311,871 | €173,071 | +€484,942 |
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.