Storm 51: 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 51
Largest movements
- Intangible fixed assets +€119,922
up €119,922 (+82.9%), from €144,730 to €264,652
- Receivables within one year -€98,868
down €98,868 (-74.9%), from €131,988 to €33,120
of which Trade receivables: -€104,036
- Debts after one year +€167,447
up €167,447 (+58.6%), from €285,820 to €453,266
- Trade debts -€88,850
down €88,850 (-63.8%), from €139,318 to €50,468
- Profit (loss) carried forward -€75,043
down €75,043 (-34.8%), from -€215,891 to -€290,934
- Accrued charges and deferred income +€21,701
up €21,701 (+38.0%), from €57,072 to €78,772
- Tax, wage and social debts -€4,200
down €4,200 (-100%), from €4,200 to €0
- Gross operating margin +€76,007
up €76,007 (+467%), from €16,265 to €92,271
- Other operating charges +€75,406
up €75,406 (+394%), from €19,148 to €94,554
- Depreciation +€12,835
up €12,835 (+21.5%), from €59,813 to €72,648
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 | €276,718 | €297,772 | +€21,054 | +7.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €144,730 | €264,652 | +€119,922 | +82.9% |
| Intangible fixed assets | 21 | €144,730 | €264,652 | +€119,922 | +82.9% |
| Current assets | 29/58 | €131,988 | €33,120 | -€98,868 | -74.9% |
| Amounts receivable within one year | 40/41 | €131,988 | €33,120 | -€98,868 | -74.9% |
| Trade receivables | 40 | €131,988 | €27,952 | -€104,036 | -78.8% |
| Other amounts receivable | 41 | €0 | €5,168 | +€5,168 | |
| Total equity and liabilities | 10/49 | €276,718 | €297,772 | +€21,054 | +7.6% |
| Equity | 10/15 | -€209,691 | -€284,734 | -€75,043 | -35.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€215,891 | -€290,934 | -€75,043 | -34.8% |
| Amounts payable | 17/49 | €486,409 | €582,507 | +€96,097 | +19.8% |
| Amounts payable after more than one year | 17 | €285,820 | €453,266 | +€167,447 | +58.6% |
| Other amounts payable | 178/9 | €285,820 | €453,266 | +€167,447 | +58.6% |
| Amounts payable within one year | 42/48 | €143,518 | €50,468 | -€93,050 | -64.8% |
| Trade debts | 44 | €139,318 | €50,468 | -€88,850 | -63.8% |
| Suppliers | 440/4 | €139,318 | €50,468 | -€88,850 | -63.8% |
| Taxes, remuneration and social security | 45 | €4,200 | €0 | -€4,200 | -100% |
| Taxes | 450/3 | €4,200 | €0 | -€4,200 | -100% |
| Accrued charges and deferred income | 492/3 | €57,072 | €78,772 | +€21,701 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,813 | €72,648 | +€12,835 | +21.5% |
| Other operating charges | 640/8 | €19,148 | €94,554 | +€75,406 | +394% |
| Gross operating margin | 9900 | €16,265 | €92,271 | +€76,007 | +467% |
| Operating profit (loss) | 9901 | -€62,696 | -€74,930 | -€12,234 | -19.5% |
| 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 | -€62,807 | -€75,043 | -€12,235 | -19.5% |
| Profit (loss) for the period | 9904 | -€62,807 | -€75,043 | -€12,235 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,807 | -€75,043 | -€12,235 | -19.5% |
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 19 October 2026 via checked.be.