Storm Gent 3: 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 3
Largest movements
- Cash +€5.8m
up €5.8m (+1,154%), from €505,233 to €6.3m
mainly Current investments (+€5.1m) and Depreciation (+€2.2m)
- Current investments -€5.1m
down €5.1m (-100%), from €5.1m to €0
- Tangible fixed assets -€1.9m
down €1.9m (-5.7%), from €34.0m to €32.1m
- Receivables within one year -€1.1m
down €1.1m (-45.0%), from €2.5m to €1.4m
of which Trade receivables: -€1.1m
- Debts after one year -€1.4m
down €1.4m (-4.5%), from €32.0m to €30.5m
- Tax, wage and social debts -€1.2m
down €1.2m (-94.5%), from €1.3m to €71,205
- Gross operating margin -€2.7m
down €2.7m (-47.8%), from €5.6m to €2.9m
- Taxes -€1.4m
down €1.4m, from €1.4m to -€9,352
- Depreciation -€120,844
down €120,844 (-5.3%), from €2.3m to €2.2m
- Financial income -€64,806
down €64,806 (-46.3%), from €139,840 to €75,035
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 | €42,445,253 | €39,900,319 | -€2.5m | -6.0% |
| Formation expenses | 20 | €3,228 | €675 | -€2,553 | -79.1% |
| Fixed assets | 21/28 | €34,306,495 | €32,147,775 | -€2.2m | -6.3% |
| Intangible fixed assets | 21 | €285,856 | €59,266 | -€226,590 | -79.3% |
| Tangible fixed assets | 22/27 | €34,020,639 | €32,088,509 | -€1.9m | -5.7% |
| Plant, machinery and equipment | 23 | €34,020,639 | €32,088,509 | -€1.9m | -5.7% |
| Current assets | 29/58 | €8,135,530 | €7,751,869 | -€383,661 | -4.7% |
| Amounts receivable within one year | 40/41 | €2,459,766 | €1,352,200 | -€1.1m | -45.0% |
| Trade receivables | 40 | €2,458,676 | €1,317,900 | -€1.1m | -46.4% |
| Other amounts receivable | 41 | €1,090 | €34,300 | +€33,210 | +3,046% |
| Current investments | 50/53 | €5,105,666 | €0 | -€5.1m | -100% |
| Cash at bank and in hand | 54/58 | €505,233 | €6,335,705 | +€5.8m | +1,154% |
| Deferred charges and accrued income | 490/1 | €64,865 | €63,964 | -€902 | -1.4% |
| Total equity and liabilities | 10/49 | €42,445,253 | €39,900,319 | -€2.5m | -6.0% |
| Equity | 10/15 | €6,903,763 | €7,120,015 | +€216,253 | +3.1% |
| Contributions | 10/11 | €953,761 | €953,761 | = | 0.0% |
| Capital | 10 | €953,761 | €953,761 | = | 0.0% |
| Issued capital | 100 | €953,761 | €953,761 | = | 0.0% |
| Reserves | 13 | €5,950,001 | €6,166,254 | +€216,253 | +3.6% |
| Non-distributable reserves | 130/1 | €95,376 | €95,376 | = | 0.0% |
| Legal reserve | 130 | €95,376 | €95,376 | = | 0.0% |
| Distributable reserves | 133 | €5,854,625 | €6,070,878 | +€216,253 | +3.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €35,541,491 | €32,780,304 | -€2.8m | -7.8% |
| Amounts payable after more than one year | 17 | €31,958,619 | €30,527,351 | -€1.4m | -4.5% |
| Financial debts | 170/4 | €31,958,619 | €30,527,351 | -€1.4m | -4.5% |
| Amounts payable within one year | 42/48 | €2,971,876 | €1,660,480 | -€1.3m | -44.1% |
| Current portion of amounts payable after more than one year | 42 | €1,482,111 | €1,431,268 | -€50,843 | -3.4% |
| Trade debts | 44 | €186,639 | €158,007 | -€28,632 | -15.3% |
| Suppliers | 440/4 | €186,639 | €158,007 | -€28,632 | -15.3% |
| Taxes, remuneration and social security | 45 | €1,303,126 | €71,205 | -€1.2m | -94.5% |
| Taxes | 450/3 | €1,303,126 | €71,205 | -€1.2m | -94.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €610,996 | €592,473 | -€18,523 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,282,117 | €2,161,273 | -€120,844 | -5.3% |
| Other operating charges | 640/8 | €2,163 | €7,877 | +€5,714 | +264% |
| Gross operating margin | 9900 | €5,601,030 | €2,925,196 | -€2.7m | -47.8% |
| Operating profit (loss) | 9901 | €3,316,751 | €756,046 | -€2.6m | -77.2% |
| Financial income | 75/76B | €139,840 | €75,035 | -€64,806 | -46.3% |
| Recurring financial income | 75 | €139,840 | €75,035 | -€64,806 | -46.3% |
| Financial charges | 65/66B | €658,188 | €624,180 | -€34,008 | -5.2% |
| Recurring financial charges | 65 | €658,188 | €624,180 | -€34,008 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €2,798,404 | €206,901 | -€2.6m | -92.6% |
| Income taxes | 67/77 | €1,368,751 | -€9,352 | -€1.4m | |
| Profit (loss) for the period | 9904 | €1,429,653 | €216,253 | -€1.2m | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,429,653 | €216,253 | -€1.2m | -84.9% |
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 26 October 2026 via checked.be.