SZTALBERG: 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.
SZTALBERG
Largest movements
- Cash -€25,222
down €25,222 (-17.3%), from €145,497 to €120,274
mainly Other debts (-€20,505) and Net result for the year (-€4,601)
- Other debts -€20,505
down €20,505 (-8.1%), from €251,790 to €231,285
- Profit (loss) carried forward -€4,601
down €4,601 (-3.3%), from -€137,347 to -€141,948
- Depreciation +€327
up €327 (+9.6%), from €3,402 to €3,729
- Other operating charges -€188
down €188 (-5.5%), from €3,398 to €3,210
- Gross operating margin +€94
up €94 (+3.9%), from €2,434 to €2,528
- Financial charges +€50
up €50 (+35.7%), from €140 to €190
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 | €179,581 | €154,415 | -€25,166 | -14.0% |
| Fixed assets | 21/28 | €33,996 | €34,141 | +€145 | +0.4% |
| Tangible fixed assets | 22/27 | €33,996 | €34,141 | +€145 | +0.4% |
| Land and buildings | 22 | €33,996 | €30,594 | -€3,402 | -10.0% |
| Furniture and vehicles | 24 | - | €3,547 | +€3,547 | |
| Current assets | 29/58 | €145,585 | €120,274 | -€25,311 | -17.4% |
| Amounts receivable within one year | 40/41 | €89 | €0 | -€89 | -100% |
| Other amounts receivable | 41 | €89 | €0 | -€89 | -100% |
| Cash at bank and in hand | 54/58 | €145,497 | €120,274 | -€25,222 | -17.3% |
| Total equity and liabilities | 10/49 | €179,581 | €154,415 | -€25,166 | -14.0% |
| Equity | 10/15 | -€74,118 | -€78,719 | -€4,601 | -6.2% |
| Contributions | 10/11 | €39,059 | €39,059 | = | 0.0% |
| Reserves | 13 | €24,170 | €24,170 | = | 0.0% |
| Distributable reserves | 133 | €24,170 | €24,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,347 | -€141,948 | -€4,601 | -3.3% |
| Amounts payable | 17/49 | €253,700 | €233,134 | -€20,565 | -8.1% |
| Amounts payable within one year | 42/48 | €253,150 | €232,584 | -€20,565 | -8.1% |
| Trade debts | 44 | €1,359 | €1,299 | -€60 | -4.4% |
| Suppliers | 440/4 | €1,359 | €1,299 | -€60 | -4.4% |
| Other amounts payable | 47/48 | €251,790 | €231,285 | -€20,505 | -8.1% |
| Accrued charges and deferred income | 492/3 | €550 | €550 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,402 | €3,729 | +€327 | +9.6% |
| Other operating charges | 640/8 | €3,398 | €3,210 | -€188 | -5.5% |
| Gross operating margin | 9900 | €2,434 | €2,528 | +€94 | +3.9% |
| Operating profit (loss) | 9901 | -€4,365 | -€4,411 | -€45 | -1.0% |
| Financial charges | 65/66B | €140 | €190 | +€50 | +35.7% |
| Recurring financial charges | 65 | €140 | €190 | +€50 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,505 | -€4,601 | -€95 | -2.1% |
| Profit (loss) for the period | 9904 | -€4,505 | -€4,601 | -€95 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,505 | -€4,601 | -€95 | -2.1% |
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 20 October 2026 via checked.be.