STORMVALK: 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.
STORMVALK
Largest movements
- Receivables within one year -€13,783
down €13,783 (-29.3%), from €46,971 to €33,188
of which Other amounts receivable: -€13,783
- Tangible fixed assets -€8,622
down €8,622 (-6.7%), from €128,223 to €119,601
of which Other tangible fixed assets: -€7,032
- Trade debts -€39,215
down €39,215 (-71.3%), from €54,964 to €15,749
- Other debts +€36,287
up €36,287 (+89.0%), from €40,755 to €77,042
- Tax, wage and social debts -€34,388
down €34,388 (-99.3%), from €34,617 to €229
of which Remuneration and social security: -€34,587
- Advances received +€34,000
new in 2025: €34,000
- Debts after one year -€13,411
down €13,411 (-15.4%), from €86,847 to €73,436
- Gross operating margin -€46,747
down €46,747 (-87.3%), from €53,577 to €6,830
- Staff costs -€42,723
no longer reported in 2025 (was €42,723)
- Depreciation -€747
down €747 (-8.0%), from €9,369 to €8,622
- Financial charges -€690
down €690 (-23.4%), from €2,948 to €2,258
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 | €175,533 | €152,989 | -€22,544 | -12.8% |
| Fixed assets | 21/28 | €128,248 | €119,626 | -€8,622 | -6.7% |
| Tangible fixed assets | 22/27 | €128,223 | €119,601 | -€8,622 | -6.7% |
| Land and buildings | 22 | €1,934 | €1,851 | -€83 | -4.3% |
| Plant, machinery and equipment | 23 | €6,434 | €5,230 | -€1,204 | -18.7% |
| Furniture and vehicles | 24 | €302 | - | -€302 | |
| Other tangible fixed assets | 26 | €119,552 | €112,520 | -€7,032 | -5.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €47,285 | €33,363 | -€13,922 | -29.4% |
| Amounts receivable within one year | 40/41 | €46,971 | €33,188 | -€13,783 | -29.3% |
| Trade receivables | 40 | €28,099 | €28,099 | = | 0.0% |
| Other amounts receivable | 41 | €18,872 | €5,089 | -€13,783 | -73.0% |
| Cash at bank and in hand | 54/58 | €313 | €175 | -€138 | -44.2% |
| Total equity and liabilities | 10/49 | €175,533 | €152,989 | -€22,544 | -12.8% |
| Equity | 10/15 | -€54,812 | -€60,878 | -€6,066 | -11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,200 | €20,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €18,340 | €18,340 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,612 | -€99,678 | -€6,066 | -6.5% |
| Amounts payable | 17/49 | €230,344 | €213,867 | -€16,477 | -7.2% |
| Amounts payable after more than one year | 17 | €86,847 | €73,436 | -€13,411 | -15.4% |
| Financial debts | 170/4 | €86,847 | €73,436 | -€13,411 | -15.4% |
| Amounts payable within one year | 42/48 | €143,497 | €140,431 | -€3,067 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €13,162 | €13,411 | +€249 | +1.9% |
| Trade debts | 44 | €54,964 | €15,749 | -€39,215 | -71.3% |
| Suppliers | 440/4 | €54,964 | €15,749 | -€39,215 | -71.3% |
| Advances received on contracts in progress | 46 | - | €34,000 | +€34,000 | |
| Taxes, remuneration and social security | 45 | €34,617 | €229 | -€34,388 | -99.3% |
| Taxes | 450/3 | €29 | €229 | +€199 | +676% |
| Remuneration and social security | 454/9 | €34,587 | - | -€34,587 | |
| Other amounts payable | 47/48 | €40,755 | €77,042 | +€36,287 | +89.0% |
| Remuneration, social security and pensions | 62 | €42,723 | - | -€42,723 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,369 | €8,622 | -€747 | -8.0% |
| Other operating charges | 640/8 | €1,921 | €2,017 | +€96 | +5.0% |
| Gross operating margin | 9900 | €53,577 | €6,830 | -€46,747 | -87.3% |
| Operating profit (loss) | 9901 | -€436 | -€3,809 | -€3,373 | -774% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €2,948 | €2,258 | -€690 | -23.4% |
| Recurring financial charges | 65 | €2,948 | €2,258 | -€690 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,375 | -€6,066 | -€2,692 | -79.8% |
| Income taxes | 67/77 | €515 | - | -€515 | |
| Profit (loss) for the period | 9904 | -€3,890 | -€6,066 | -€2,176 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,890 | -€6,066 | -€2,176 | -55.9% |
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 15 October 2026 via checked.be.