STORM 102: 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.
STORM 102
Largest movements
- Cash -€2.0m
down €2.0m (-95.9%), from €2.1m to €84,422
mainly Net result for the year (-€4.8m) and Trade debts (-€655,852)
- Stocks and contracts -€1.0m
down €1.0m (-71.8%), from €1.4m to €400,432
- Receivables after one year -€506,574
down €506,574 (-66.5%), from €761,945 to €255,372
- Receivables within one year -€318,754
down €318,754 (-58.2%), from €547,399 to €228,645
of which Trade receivables: -€196,534
- Profit (loss) carried forward -€4.8m
down €4.8m (-180.6%), from -€2.6m to -€7.4m
- Other debts +€1.6m
new in 2025: €1.6m
- Trade debts -€655,852
down €655,852 (-57.8%), from €1.1m to €479,301
- Provisions +€82,000
new in 2025: €82,000
- Tax, wage and social debts -€72,997
down €72,997 (-30.5%), from €239,174 to €166,177
of which Remuneration and social security: -€71,902
- Gross operating margin -€2.5m
down €2.5m (-401.8%), from -€613,393 to -€3.1m
- Staff costs -€434,717
down €434,717 (-21.9%), from €2.0m to €1.5m
- Provisions +€82,000
new in 2025: €82,000
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 | €4,810,082 | €987,104 | -€3.8m | -79.5% |
| Fixed assets | 21/28 | €9,182 | €5,673 | -€3,509 | -38.2% |
| Tangible fixed assets | 22/27 | €9,182 | €5,673 | -€3,509 | -38.2% |
| Furniture and vehicles | 24 | €9,182 | €5,673 | -€3,509 | -38.2% |
| Current assets | 29/58 | €4,800,900 | €981,432 | -€3.8m | -79.6% |
| Amounts receivable after more than one year | 29 | €761,945 | €255,372 | -€506,574 | -66.5% |
| Other amounts receivable | 291 | €761,945 | €255,372 | -€506,574 | -66.5% |
| Stocks and contracts in progress | 3 | €1,418,653 | €400,432 | -€1.0m | -71.8% |
| Contracts in progress | 37 | €1,418,653 | €400,432 | -€1.0m | -71.8% |
| Amounts receivable within one year | 40/41 | €547,399 | €228,645 | -€318,754 | -58.2% |
| Trade receivables | 40 | €369,522 | €172,989 | -€196,534 | -53.2% |
| Other amounts receivable | 41 | €177,877 | €55,656 | -€122,221 | -68.7% |
| Cash at bank and in hand | 54/58 | €2,054,172 | €84,422 | -€2.0m | -95.9% |
| Deferred charges and accrued income | 490/1 | €18,730 | €12,561 | -€6,169 | -32.9% |
| Total equity and liabilities | 10/49 | €4,810,082 | €987,104 | -€3.8m | -79.5% |
| Equity | 10/15 | €3,421,554 | -€1,345,389 | -€4.8m | |
| Contributions | 10/11 | €6,061,450 | €6,061,450 | = | 0.0% |
| Capital | 10 | €6,061,450 | €6,061,450 | = | 0.0% |
| Issued capital | 100 | €6,061,450 | €6,061,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,639,896 | -€7,406,839 | -€4.8m | -180.6% |
| Provisions and deferred taxes | 16 | - | €82,000 | +€82,000 | |
| Provisions for liabilities and charges | 160/5 | - | €82,000 | +€82,000 | |
| Other liabilities and charges | 164/5 | - | €82,000 | +€82,000 | |
| Amounts payable | 17/49 | €1,388,527 | €2,250,493 | +€861,966 | +62.1% |
| Amounts payable within one year | 42/48 | €1,374,328 | €2,239,306 | +€864,979 | +62.9% |
| Trade debts | 44 | €1,135,154 | €479,301 | -€655,852 | -57.8% |
| Suppliers | 440/4 | €1,135,154 | €479,301 | -€655,852 | -57.8% |
| Taxes, remuneration and social security | 45 | €239,174 | €166,177 | -€72,997 | -30.5% |
| Taxes | 450/3 | €3,340 | €2,245 | -€1,095 | -32.8% |
| Remuneration and social security | 454/9 | €235,834 | €163,932 | -€71,902 | -30.5% |
| Other amounts payable | 47/48 | - | €1,593,828 | +€1.6m | |
| Accrued charges and deferred income | 492/3 | €14,200 | €11,187 | -€3,013 | -21.2% |
| Remuneration, social security and pensions | 62 | €1,984,252 | €1,549,535 | -€434,717 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,418 | €4,789 | +€371 | +8.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €82,000 | +€82,000 | |
| Other operating charges | 640/8 | €1,446 | €17,117 | +€15,671 | +1083.5% |
| Gross operating margin | 9900 | -€613,393 | -€3,078,226 | -€2.5m | -401.8% |
| Operating profit (loss) | 9901 | -€2,603,509 | -€4,731,667 | -€2.1m | -81.7% |
| Financial income | 75/76B | €1 | €1 | -€0 | -33.0% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -33.0% |
| Financial charges | 65/66B | €33,048 | €33,033 | -€15 | 0.0% |
| Recurring financial charges | 65 | €33,048 | €33,033 | -€15 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,636,556 | -€4,764,699 | -€2.1m | -80.7% |
| Income taxes | 67/77 | €3,340 | €2,245 | -€1,095 | -32.8% |
| Profit (loss) for the period | 9904 | -€2,639,896 | -€4,766,943 | -€2.1m | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,639,896 | -€4,766,943 | -€2.1m | -80.6% |
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 30 September 2026 via checked.be.