Storm 49: 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 49
Largest movements
- Intangible fixed assets -€75,615
down €75,615 (-18.1%), from €416,987 to €341,372
- Receivables within one year +€69,218
up €69,218 (+414.2%), from €16,711 to €85,928
of which Trade receivables: +€84,337
- Debts after one year +€107,777
up €107,777 (+19.1%), from €563,072 to €670,850
- Trade debts -€81,862
down €81,862 (-100.0%), from €81,862 to €0
- Profit (loss) carried forward -€69,807
down €69,807 (-24.3%), from -€287,499 to -€357,306
- Accrued charges and deferred income +€37,495
up €37,495 (+53.5%), from €70,062 to €107,557
- Gross operating margin +€37,406
up €37,406, from -€1,598 to €35,808
- Depreciation -€665
down €665 (-0.6%), from €105,560 to €104,895
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
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 | €433,697 | €427,301 | -€6,397 | -1.5% |
| Fixed assets | 21/28 | €416,987 | €341,372 | -€75,615 | -18.1% |
| Intangible fixed assets | 21 | €416,987 | €341,372 | -€75,615 | -18.1% |
| Current assets | 29/58 | €16,711 | €85,928 | +€69,218 | +414.2% |
| Amounts receivable within one year | 40/41 | €16,711 | €85,928 | +€69,218 | +414.2% |
| Trade receivables | 40 | - | €84,337 | +€84,337 | |
| Other amounts receivable | 41 | €16,711 | €1,591 | -€15,119 | -90.5% |
| Total equity and liabilities | 10/49 | €433,697 | €427,301 | -€6,397 | -1.5% |
| Equity | 10/15 | -€281,299 | -€351,106 | -€69,807 | -24.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€287,499 | -€357,306 | -€69,807 | -24.3% |
| Amounts payable | 17/49 | €714,997 | €778,406 | +€63,410 | +8.9% |
| Amounts payable after more than one year | 17 | €563,072 | €670,850 | +€107,777 | +19.1% |
| Other amounts payable | 178/9 | €563,072 | €670,850 | +€107,777 | +19.1% |
| Amounts payable within one year | 42/48 | €81,862 | €0 | -€81,862 | -100.0% |
| Trade debts | 44 | €81,862 | €0 | -€81,862 | -100.0% |
| Suppliers | 440/4 | €81,862 | €0 | -€81,862 | -100.0% |
| Accrued charges and deferred income | 492/3 | €70,062 | €107,557 | +€37,495 | +53.5% |
| Non-recurring operating income | 76A | - | €37,483 | +€37,483 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,560 | €104,895 | -€665 | -0.6% |
| Other operating charges | 640/8 | €590 | €607 | +€17 | +2.9% |
| Gross operating margin | 9900 | -€1,598 | €35,808 | +€37,406 | |
| Operating profit (loss) | 9901 | -€107,749 | -€69,694 | +€38,055 | +35.3% |
| 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 | -€107,860 | -€69,807 | +€38,053 | +35.3% |
| Profit (loss) for the period | 9904 | -€107,860 | -€69,807 | +€38,053 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€107,860 | -€69,807 | +€38,053 | +35.3% |
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 8 October 2026 via checked.be.