STOVER: 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.
What changed
STOVER
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €36,933+€1.9m
Equity
€5.5m
2024 · €3.6m+€1.9m
Cash
€308,697
2024 · €452,371-€143,674
Balance sheet total
€5.6m
2024 · €3.6m+€1.9m
Largest movements
Assets
- Receivables within one year +€2.1m
up €2.1m (+429.0%), from €494,497 to €2.6m
of which Other amounts receivable: +€1.9m
- Cash -€143,674
down €143,674 (-31.8%), from €452,371 to €308,697
mainly Receivables within one year (-€2.1m) and Current portion of long-term debt (-€893)
Equity and liabilities
- Profit (loss) carried forward +€1.9m
up €1.9m (+146.9%), from €1.3m to €3.3m
Income statement
- Financial income +€1.9m
up €1.9m, from €0 to €1.9m
- Staff costs +€32,457
up €32,457 (+10.0%), from €323,361 to €355,817
- Services and other goods -€10,567
down €10,567 (-22.8%), from €46,424 to €35,856
- Depreciation -€10,027
down €10,027 (-30.1%), from €33,271 to €23,244
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.
Result 2024
€36,933
Turnover
-€3,800
Other operating income
+€1,440
Services and other goods
+€10,567
Staff costs
-€32,457
Depreciation
+€10,027
Other operating charges
+€73
Other operating items
+€17,589
Financial income
+€1.9m
Financial charges
+€94
Taxes
+€2,651
Result 2025
€1.9m
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.
From operations
-€152,333
Investment
+€9,553
Financing
-€893
Cash 2024
€452,371
From operations (derived)
-€152,333
Net result for the year
+€1.9m
Depreciation
+€23,244
Receivables within one year
-€2.1m
Smaller working-capital items
+€2,788
Investment (derived)
+€9,553
Investment in fixed assets (net)
+€9,553
Financing
-€893
Current portion of long-term debt
-€893
Cash 2025
€308,697
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,620,541 | €5,564,545 | +€1.9m | +53.7% |
| Fixed assets | 21/28 | €2,672,666 | €2,639,869 | -€32,797 | -1.2% |
| Intangible fixed assets | 21 | €30,240 | €10,913 | -€19,327 | -63.9% |
| Tangible fixed assets | 22/27 | €13,470 | €0 | -€13,470 | -100.0% |
| Furniture and vehicles | 24 | €13,470 | €0 | -€13,470 | -100.0% |
| Financial fixed assets | 28 | €2,628,956 | €2,628,956 | = | 0.0% |
| Affiliated companies | 280/1 | €2,628,956 | €2,628,956 | = | 0.0% |
| Participating interests | 280 | €2,628,956 | €2,628,956 | = | 0.0% |
| Current assets | 29/58 | €947,875 | €2,924,676 | +€2.0m | +208.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €494,497 | €2,615,979 | +€2.1m | +429.0% |
| Trade receivables | 40 | €493,448 | €715,000 | +€221,552 | +44.9% |
| Other amounts receivable | 41 | €1,048 | €1,900,979 | +€1.9m | +181254.8% |
| Cash at bank and in hand | 54/58 | €452,371 | €308,697 | -€143,674 | -31.8% |
| Deferred charges and accrued income | 490/1 | €1,008 | €0 | -€1,008 | -100.0% |
| Total equity and liabilities | 10/49 | €3,620,541 | €5,564,545 | +€1.9m | +53.7% |
| Equity | 10/15 | €3,554,342 | €5,497,460 | +€1.9m | +54.7% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €2,091,183 | €2,091,183 | = | 0.0% |
| Distributable reserves | 133 | €2,091,183 | €2,091,183 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,323,159 | €3,266,277 | +€1.9m | +146.9% |
| Amounts payable | 17/49 | €66,199 | €67,086 | +€887 | +1.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €66,199 | €67,086 | +€887 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €893 | €0 | -€893 | -100.0% |
| Trade debts | 44 | €2,068 | €3,752 | +€1,684 | +81.4% |
| Suppliers | 440/4 | €2,068 | €3,752 | +€1,684 | +81.4% |
| Taxes, remuneration and social security | 45 | €63,238 | €63,334 | +€96 | +0.2% |
| Taxes | 450/3 | €25,000 | €17,388 | -€7,612 | -30.4% |
| Remuneration and social security | 454/9 | €38,238 | €45,946 | +€7,708 | +20.2% |
| Operating income | 70/76A | €462,266 | €477,494 | +€15,229 | +3.3% |
| Turnover | 70 | €453,800 | €450,000 | -€3,800 | -0.8% |
| Other operating income | 74 | €7,552 | €8,992 | +€1,440 | +19.1% |
| Non-recurring operating income | 76A | €913 | €18,502 | +€17,589 | +1926.0% |
| Operating charges | 60/66A | €404,141 | €415,930 | +€11,789 | +2.9% |
| Services and other goods | 61 | €46,424 | €35,856 | -€10,567 | -22.8% |
| Remuneration, social security and pensions | 62 | €323,361 | €355,817 | +€32,457 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,271 | €23,244 | -€10,027 | -30.1% |
| Other operating charges | 640/8 | €1,086 | €1,013 | -€73 | -6.7% |
| Operating profit (loss) | 9901 | €58,125 | €61,564 | +€3,439 | +5.9% |
| Financial income | 75/76B | €0 | €1,900,000 | +€1.9m | |
| Recurring financial income | 75 | €0 | €1,900,000 | +€1.9m | |
| Income from financial fixed assets | 750 | - | €1,900,000 | +€1.9m | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €1,192 | €1,097 | -€94 | -7.9% |
| Recurring financial charges | 65 | €1,192 | €1,097 | -€94 | -7.9% |
| Debt charges | 650 | €38 | €1 | -€37 | -96.4% |
| Other financial charges | 652/9 | €1,154 | €1,096 | -€58 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €56,933 | €1,960,467 | +€1.9m | +3343.5% |
| Income taxes | 67/77 | €20,000 | €17,349 | -€2,651 | -13.3% |
| Taxes | 670/3 | €20,000 | €18,000 | -€2,000 | -10.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €651 | +€651 | |
| Profit (loss) for the period | 9904 | €36,933 | €1,943,117 | +€1.9m | +5161.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,933 | €1,943,117 | +€1.9m | +5161.2% |
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 10 October 2026 via checked.be.