STORM 91: 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 91
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+36.9%), from €4.5m to €6.1m
of which Assets under construction and advance payments: +€1.6m
- Intangible fixed assets +€1.2m
up €1.2m (+164%), from €757,976 to €2.0m
- Cash +€386,281
new in 2025: €386,281
mainly Current portion of long-term debt (+€3.6m) and Trade debts (+€548,410)
- Current portion of long-term debt +€3.6m
new in 2025: €3.6m
- Debts after one year -€958,250
down €958,250 (-19.0%), from €5.1m to €4.1m
of which Financial debts: -€3.6m
- Trade debts +€548,410
up €548,410 (+1,228%), from €44,649 to €593,059
- Accrued charges and deferred income +€167,379
up €167,379 (+130%), from €128,668 to €296,046
- Financial charges +€8,744
up €8,744 (+1,710%), from €511 to €9,255
- Other operating charges +€918
up €918 (+319%), from €288 to €1,206
- Gross operating margin -€359
down €359 (-20.7%), from -€1,738 to -€2,097
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
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 | €5,230,921 | €8,563,048 | +€3.3m | +63.7% |
| Formation expenses | 20 | €764 | €509 | -€255 | -33.3% |
| Fixed assets | 21/28 | €5,222,636 | €8,109,905 | +€2.9m | +55.3% |
| Intangible fixed assets | 21 | €757,976 | €1,997,379 | +€1.2m | +164% |
| Tangible fixed assets | 22/27 | €4,464,660 | €6,112,525 | +€1.6m | +36.9% |
| Land and buildings | 22 | €4,464,660 | €4,464,660 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €1,647,865 | +€1.6m | |
| Current assets | 29/58 | €7,521 | €452,634 | +€445,113 | +5,918% |
| Amounts receivable within one year | 40/41 | €7,521 | €66,353 | +€58,832 | +782% |
| Other amounts receivable | 41 | €7,521 | €66,353 | +€58,832 | +782% |
| Cash at bank and in hand | 54/58 | - | €386,281 | +€386,281 | |
| Total equity and liabilities | 10/49 | €5,230,921 | €8,563,048 | +€3.3m | +63.7% |
| Equity | 10/15 | €1,129 | -€11,684 | -€12,812 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,071 | -€17,884 | -€12,812 | -253% |
| Amounts payable | 17/49 | €5,229,792 | €8,574,732 | +€3.3m | +64.0% |
| Amounts payable after more than one year | 17 | €5,056,476 | €4,098,226 | -€958,250 | -19.0% |
| Financial debts | 170/4 | €3,587,400 | €0 | -€3.6m | -100% |
| Other amounts payable | 178/9 | €1,469,076 | €4,098,226 | +€2.6m | +179% |
| Amounts payable within one year | 42/48 | €44,649 | €4,180,459 | +€4.1m | +9,263% |
| Current portion of amounts payable after more than one year | 42 | - | €3,587,400 | +€3.6m | |
| Trade debts | 44 | €44,649 | €593,059 | +€548,410 | +1,228% |
| Suppliers | 440/4 | €44,649 | €593,059 | +€548,410 | +1,228% |
| Accrued charges and deferred income | 492/3 | €128,668 | €296,046 | +€167,379 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255 | €255 | = | 0.0% |
| Other operating charges | 640/8 | €288 | €1,206 | +€918 | +319% |
| Gross operating margin | 9900 | -€1,738 | -€2,097 | -€359 | -20.7% |
| Operating profit (loss) | 9901 | -€2,280 | -€3,558 | -€1,277 | -56.0% |
| Financial charges | 65/66B | €511 | €9,255 | +€8,744 | +1,710% |
| Recurring financial charges | 65 | €511 | €9,255 | +€8,744 | +1,710% |
| Profit (loss) for the period before taxes | 9903 | -€2,791 | -€12,812 | -€10,021 | -359% |
| Profit (loss) for the period | 9904 | -€2,791 | -€12,812 | -€10,021 | -359% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,791 | -€12,812 | -€10,021 | -359% |
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 14 October 2026 via checked.be.