Storm Gent 2: 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 Gent 2
Largest movements
- Current investments -€1.4m
down €1.4m (-100%), from €1.4m to €0
- Cash +€989,328
up €989,328 (+2,136%), from €46,312 to €1.0m
mainly Current investments (+€1.4m) and Depreciation (+€640,248)
- Tangible fixed assets -€640,248
down €640,248 (-10.1%), from €6.3m to €5.7m
- Debts after one year -€729,612
down €729,612 (-12.0%), from €6.1m to €5.4m
- Reserves -€309,423
down €309,423 (-30.7%), from €1.0m to €698,500
of which Distributable reserves: -€309,423
- Short-term financial debts -€215,058
down €215,058 (-100%), from €215,058 to €0
- Tax, wage and social debts +€160,021
up €160,021 (+1,305%), from €12,266 to €172,286
- Gross operating margin +€543,514
up €543,514 (+56.8%), from €957,656 to €1.5m
- Taxes +€141,070
up €141,070 (+305%), from €46,299 to €187,369
- Financial income -€34,725
down €34,725 (-57.8%), from €60,130 to €25,404
- Financial charges -€16,265
down €16,265 (-8.2%), from €198,224 to €181,959
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 | €8,699,000 | €7,678,148 | -€1.0m | -11.7% |
| Fixed assets | 21/28 | €6,315,384 | €5,675,136 | -€640,248 | -10.1% |
| Tangible fixed assets | 22/27 | €6,315,384 | €5,675,136 | -€640,248 | -10.1% |
| Plant, machinery and equipment | 23 | €6,315,384 | €5,675,136 | -€640,248 | -10.1% |
| Current assets | 29/58 | €2,383,617 | €2,003,012 | -€380,605 | -16.0% |
| Amounts receivable within one year | 40/41 | €866,750 | €948,822 | +€82,072 | +9.5% |
| Trade receivables | 40 | €414,704 | €943,747 | +€529,043 | +128% |
| Other amounts receivable | 41 | €452,046 | €5,075 | -€446,971 | -98.9% |
| Current investments | 50/53 | €1,442,290 | €0 | -€1.4m | -100% |
| Cash at bank and in hand | 54/58 | €46,312 | €1,035,639 | +€989,328 | +2,136% |
| Deferred charges and accrued income | 490/1 | €28,264 | €18,551 | -€9,714 | -34.4% |
| Total equity and liabilities | 10/49 | €8,699,000 | €7,678,148 | -€1.0m | -11.7% |
| Equity | 10/15 | €1,209,752 | €900,329 | -€309,423 | -25.6% |
| Contributions | 10/11 | €201,829 | €201,829 | = | 0.0% |
| Capital | 10 | €201,829 | €201,829 | = | 0.0% |
| Issued capital | 100 | €201,829 | €201,829 | = | 0.0% |
| Reserves | 13 | €1,007,924 | €698,500 | -€309,423 | -30.7% |
| Non-distributable reserves | 130/1 | €20,183 | €20,183 | = | 0.0% |
| Legal reserve | 130 | €20,183 | €20,183 | = | 0.0% |
| Distributable reserves | 133 | €987,741 | €678,317 | -€309,423 | -31.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,489,248 | €6,777,819 | -€711,429 | -9.5% |
| Amounts payable after more than one year | 17 | €6,095,046 | €5,365,434 | -€729,612 | -12.0% |
| Financial debts | 170/4 | €6,095,046 | €5,365,434 | -€729,612 | -12.0% |
| Amounts payable within one year | 42/48 | €992,023 | €961,128 | -€30,895 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €714,437 | €729,612 | +€15,175 | +2.1% |
| Financial debts | 43 | €215,058 | €0 | -€215,058 | -100% |
| Credit institutions | 430/8 | €215,058 | €0 | -€215,058 | -100% |
| Trade debts | 44 | €50,262 | €59,219 | +€8,958 | +17.8% |
| Suppliers | 440/4 | €50,262 | €59,219 | +€8,958 | +17.8% |
| Taxes, remuneration and social security | 45 | €12,266 | €172,286 | +€160,021 | +1,305% |
| Taxes | 450/3 | €12,266 | €172,286 | +€160,021 | +1,305% |
| Other amounts payable | 47/48 | €0 | €10 | +€10 | |
| Accrued charges and deferred income | 492/3 | €402,180 | €451,257 | +€49,077 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €645,442 | €640,248 | -€5,194 | -0.8% |
| Other operating charges | 640/8 | €1,568 | €1,767 | +€199 | +12.7% |
| Gross operating margin | 9900 | €957,656 | €1,501,170 | +€543,514 | +56.8% |
| Operating profit (loss) | 9901 | €310,646 | €859,155 | +€548,510 | +177% |
| Financial income | 75/76B | €60,130 | €25,404 | -€34,725 | -57.8% |
| Recurring financial income | 75 | €60,130 | €25,404 | -€34,725 | -57.8% |
| Financial charges | 65/66B | €198,224 | €181,959 | -€16,265 | -8.2% |
| Recurring financial charges | 65 | €198,224 | €181,959 | -€16,265 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €172,551 | €702,600 | +€530,049 | +307% |
| Income taxes | 67/77 | €46,299 | €187,369 | +€141,070 | +305% |
| Profit (loss) for the period | 9904 | €126,253 | €515,231 | +€388,978 | +308% |
| Profit (loss) for the period to be appropriated | 9905 | €126,253 | €515,231 | +€388,978 | +308% |
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 24 October 2026 via checked.be.