Storm 44: 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 44
Largest movements
- Intangible fixed assets +€231,801
up €231,801 (+105%), from €221,576 to €453,377
- Receivables within one year -€34,008
down €34,008 (-76.9%), from €44,204 to €10,196
- Debts after one year +€353,743
up €353,743 (+909%), from €38,931 to €392,674
- Trade debts -€168,284
down €168,284 (-72.2%), from €233,152 to €64,868
- Accrued charges and deferred income +€14,661
up €14,661 (+233%), from €6,305 to €20,966
- Taxes -€4,158
down €4,158 (-100%), from €4,158 to €0
- Gross operating margin -€106
down €106 (-6.8%), from -€1,569 to -€1,675
- Financial charges -€66
down €66 (-59.6%), from €111 to €45
- 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 | €265,780 | €463,573 | +€197,793 | +74.4% |
| Fixed assets | 21/28 | €221,576 | €453,377 | +€231,801 | +105% |
| Intangible fixed assets | 21 | €221,576 | €453,377 | +€231,801 | +105% |
| Current assets | 29/58 | €44,204 | €10,196 | -€34,008 | -76.9% |
| Amounts receivable within one year | 40/41 | €44,204 | €10,196 | -€34,008 | -76.9% |
| Other amounts receivable | 41 | €44,204 | €10,196 | -€34,008 | -76.9% |
| Total equity and liabilities | 10/49 | €265,780 | €463,573 | +€197,793 | +74.4% |
| Equity | 10/15 | -€12,608 | -€14,936 | -€2,327 | -18.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,808 | -€21,136 | -€2,327 | -12.4% |
| Amounts payable | 17/49 | €278,388 | €478,508 | +€200,120 | +71.9% |
| Amounts payable after more than one year | 17 | €38,931 | €392,674 | +€353,743 | +909% |
| Other amounts payable | 178/9 | €38,931 | €392,674 | +€353,743 | +909% |
| Amounts payable within one year | 42/48 | €233,152 | €64,868 | -€168,284 | -72.2% |
| Trade debts | 44 | €233,152 | €64,868 | -€168,284 | -72.2% |
| Suppliers | 440/4 | €233,152 | €64,868 | -€168,284 | -72.2% |
| Accrued charges and deferred income | 492/3 | €6,305 | €20,966 | +€14,661 | +233% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €590 | €607 | +€17 | +2.9% |
| Gross operating margin | 9900 | -€1,569 | -€1,675 | -€106 | -6.8% |
| Operating profit (loss) | 9901 | -€2,159 | -€2,282 | -€123 | -5.7% |
| Financial charges | 65/66B | €111 | €45 | -€66 | -59.6% |
| Recurring financial charges | 65 | €111 | €45 | -€66 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,271 | -€2,327 | -€57 | -2.5% |
| Income taxes | 67/77 | €4,158 | €0 | -€4,158 | -100% |
| Profit (loss) for the period | 9904 | -€6,428 | -€2,327 | +€4,101 | +63.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,428 | -€2,327 | +€4,101 | +63.8% |
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 15 October 2026 via checked.be.