STORMAN: 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.
STORMAN
Largest movements
- Tangible fixed assets +€188,468
up €188,468 (+41.6%), from €453,370 to €641,838
of which Land and buildings: +€209,099
- Cash -€19,343
down €19,343 (-99.9%), from €19,361 to €17
mainly Investment in fixed assets (net) (-€258,530) and Receivables within one year (-€14,513)
- Receivables within one year +€14,513
up €14,513 (+152.7%), from €9,506 to €24,019
- Debts after one year +€85,263
up €85,263 (+68.6%), from €124,231 to €209,494
- Reserves +€47,752
up €47,752 (+27.1%), from €175,894 to €223,646
of which Tax-exempt reserves: +€47,752
- Other debts +€27,121
up €27,121 (+209.2%), from €12,965 to €40,087
- Current portion of long-term debt +€22,449
up €22,449 (+93.2%), from €24,093 to €46,542
- Provisions +€15,917
new in 2025: €15,917
- Gross operating margin +€78,712
up €78,712 (+126.2%), from €62,385 to €141,097
- Depreciation +€29,386
up €29,386 (+72.2%), from €40,676 to €70,062
- Taxes -€5,243
down €5,243, from €4,887 to -€355
- Financial charges +€3,111
up €3,111 (+55.2%), from €5,633 to €8,744
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
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 | €489,020 | €670,331 | +€181,312 | +37.1% |
| Fixed assets | 21/28 | €455,895 | €644,363 | +€188,468 | +41.3% |
| Tangible fixed assets | 22/27 | €453,370 | €641,838 | +€188,468 | +41.6% |
| Land and buildings | 22 | €356,211 | €565,310 | +€209,099 | +58.7% |
| Plant, machinery and equipment | 23 | €30,537 | €36,345 | +€5,808 | +19.0% |
| Furniture and vehicles | 24 | €28,242 | €1,802 | -€26,440 | -93.6% |
| Other tangible fixed assets | 26 | €38,380 | €38,380 | = | 0.0% |
| Financial fixed assets | 28 | €2,525 | €2,525 | = | 0.0% |
| Current assets | 29/58 | €33,125 | €25,969 | -€7,156 | -21.6% |
| Amounts receivable within one year | 40/41 | €9,506 | €24,019 | +€14,513 | +152.7% |
| Trade receivables | 40 | €9,506 | €24,019 | +€14,513 | +152.7% |
| Current investments | 50/53 | €775 | - | -€775 | |
| Cash at bank and in hand | 54/58 | €19,361 | €17 | -€19,343 | -99.9% |
| Deferred charges and accrued income | 490/1 | €3,483 | €1,932 | -€1,550 | -44.5% |
| Total equity and liabilities | 10/49 | €489,020 | €670,331 | +€181,312 | +37.1% |
| Equity | 10/15 | €295,111 | €336,255 | +€41,143 | +13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175,894 | €223,646 | +€47,752 | +27.1% |
| Tax-exempt reserves | 132 | - | €47,752 | +€47,752 | |
| Distributable reserves | 133 | €175,894 | €175,894 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,618 | €94,009 | -€6,609 | -6.6% |
| Provisions and deferred taxes | 16 | - | €15,917 | +€15,917 | |
| Deferred taxes | 168 | - | €15,917 | +€15,917 | |
| Amounts payable | 17/49 | €193,908 | €318,159 | +€124,251 | +64.1% |
| Amounts payable after more than one year | 17 | €124,231 | €209,494 | +€85,263 | +68.6% |
| Financial debts | 170/4 | €124,231 | €209,494 | +€85,263 | +68.6% |
| Amounts payable within one year | 42/48 | €69,302 | €108,085 | +€38,783 | +56.0% |
| Current portion of amounts payable after more than one year | 42 | €24,093 | €46,542 | +€22,449 | +93.2% |
| Financial debts | 43 | - | €2,120 | +€2,120 | |
| Credit institutions | 430/8 | - | €2,120 | +€2,120 | |
| Trade debts | 44 | €17,021 | €14,512 | -€2,509 | -14.7% |
| Suppliers | 440/4 | €17,021 | €14,512 | -€2,509 | -14.7% |
| Taxes, remuneration and social security | 45 | €15,223 | €4,824 | -€10,399 | -68.3% |
| Taxes | 450/3 | €15,223 | €4,824 | -€10,399 | -68.3% |
| Other amounts payable | 47/48 | €12,965 | €40,087 | +€27,121 | +209.2% |
| Accrued charges and deferred income | 492/3 | €375 | €580 | +€205 | +54.6% |
| Non-recurring operating income | 76A | - | €91,293 | +€91,293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,676 | €70,062 | +€29,386 | +72.2% |
| Other operating charges | 640/8 | €4,548 | €3,693 | -€855 | -18.8% |
| Non-recurring operating charges | 66A | - | €1,894 | +€1,894 | |
| Gross operating margin | 9900 | €62,385 | €141,097 | +€78,712 | +126.2% |
| Operating profit (loss) | 9901 | €17,161 | €65,449 | +€48,288 | +281.4% |
| Financial income | 75/76B | €79 | €0 | -€79 | -99.4% |
| Recurring financial income | 75 | €79 | €0 | -€79 | -99.4% |
| Financial charges | 65/66B | €5,633 | €8,744 | +€3,111 | +55.2% |
| Recurring financial charges | 65 | €5,633 | €8,744 | +€3,111 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €11,607 | €56,705 | +€45,098 | +388.5% |
| Transfer from deferred taxes | 780 | - | €838 | +€838 | |
| Transfer to deferred taxes | 680 | - | €16,755 | +€16,755 | |
| Income taxes | 67/77 | €4,887 | -€355 | -€5,243 | |
| Profit (loss) for the period | 9904 | €6,720 | €41,143 | +€34,424 | +512.3% |
| Transfer from tax-exempt reserves | 789 | - | €2,513 | +€2,513 | |
| Transfer to tax-exempt reserves | 689 | - | €50,266 | +€50,266 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,720 | -€6,609 | -€13,329 |
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 7 October 2026 via checked.be.