STORM 38: 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.
STORM 38
Largest movements
- Receivables within one year -€233
down €233 (-98.2%), from €237 to €4
- Debts after one year +€9,746
up €9,746 (+23.9%), from €40,751 to €50,498
- Profit (loss) carried forward -€5,014
down €5,014 (-11.6%), from -€43,078 to -€48,092
- Accrued charges and deferred income -€3,385
down €3,385 (-93.4%), from €3,625 to €240
- Trade debts -€1,612
down €1,612 (-95.7%), from €1,684 to €72
- Depreciation +€69
up €69 (+2.7%), from €2,550 to €2,619
- Gross operating margin -€28
down €28 (-1.7%), from -€1,647 to -€1,675
- Other operating charges +€17
up €17 (+2.9%), from €590 to €607
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,181 | €8,917 | -€264 | -2.9% |
| Fixed assets | 21/28 | €8,945 | €8,913 | -€32 | -0.4% |
| Intangible fixed assets | 21 | €8,945 | €8,913 | -€32 | -0.4% |
| Current assets | 29/58 | €237 | €4 | -€233 | -98.2% |
| Amounts receivable within one year | 40/41 | €237 | €4 | -€233 | -98.2% |
| Other amounts receivable | 41 | €237 | €4 | -€233 | -98.2% |
| Total equity and liabilities | 10/49 | €9,181 | €8,917 | -€264 | -2.9% |
| Equity | 10/15 | -€36,878 | -€41,892 | -€5,014 | -13.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,078 | -€48,092 | -€5,014 | -11.6% |
| Amounts payable | 17/49 | €46,060 | €50,810 | +€4,750 | +10.3% |
| Amounts payable after more than one year | 17 | €40,751 | €50,498 | +€9,746 | +23.9% |
| Other amounts payable | 178/9 | €40,751 | €50,498 | +€9,746 | +23.9% |
| Amounts payable within one year | 42/48 | €1,684 | €72 | -€1,612 | -95.7% |
| Trade debts | 44 | €1,684 | €72 | -€1,612 | -95.7% |
| Suppliers | 440/4 | €1,684 | €72 | -€1,612 | -95.7% |
| Accrued charges and deferred income | 492/3 | €3,625 | €240 | -€3,385 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,550 | €2,619 | +€69 | +2.7% |
| Other operating charges | 640/8 | €590 | €607 | +€17 | +2.9% |
| Gross operating margin | 9900 | -€1,647 | -€1,675 | -€28 | -1.7% |
| Operating profit (loss) | 9901 | -€4,787 | -€4,901 | -€114 | -2.4% |
| Financial charges | 65/66B | €111 | €113 | +€1 | +1.3% |
| Recurring financial charges | 65 | €111 | €113 | +€1 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,898 | -€5,014 | -€116 | -2.4% |
| Profit (loss) for the period | 9904 | -€4,898 | -€5,014 | -€116 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,898 | -€5,014 | -€116 | -2.4% |
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 18 October 2026 via checked.be.