DE STOBBE: 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.
DE STOBBE
Largest movements
- Receivables within one year +€55,813
up €55,813 (+348%), from €16,052 to €71,865
of which Trade receivables: +€71,098
- Cash -€10,720
down €10,720 (-99.3%), from €10,799 to €79
mainly Receivables within one year (-€55,813) and Other debts (-€13,295)
- Tangible fixed assets -€9,449
down €9,449 (-14.3%), from €66,115 to €56,666
of which Furniture and vehicles: -€5,557
- Stocks and contracts +€1,471
up €1,471 (+155%), from €947 to €2,418
- Reserves +€42,305
up €42,305 (+2,274%), from €1,860 to €44,165
- Other debts -€13,295
down €13,295 (-26.6%), from €50,024 to €36,730
- Tax, wage and social debts +€10,066
up €10,066 (+227%), from €4,439 to €14,505
of which Taxes: +€5,737
- Trade debts -€2,138
down €2,138 (-74.4%), from €2,873 to €735
- Gross operating margin +€57,989
up €57,989 (+374%), from €15,507 to €73,497
- Taxes +€13,326
new in 2025: €13,326
- Depreciation +€9,918
up €9,918 (+157%), from €6,335 to €16,253
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 | €94,659 | €131,598 | +€36,938 | +39.0% |
| Fixed assets | 21/28 | €66,115 | €56,666 | -€9,449 | -14.3% |
| Tangible fixed assets | 22/27 | €66,115 | €56,666 | -€9,449 | -14.3% |
| Plant, machinery and equipment | 23 | €18,551 | €15,558 | -€2,993 | -16.1% |
| Furniture and vehicles | 24 | €43,610 | €38,053 | -€5,557 | -12.7% |
| Other tangible fixed assets | 26 | €3,954 | €3,055 | -€899 | -22.7% |
| Current assets | 29/58 | €28,545 | €74,932 | +€46,387 | +163% |
| Stocks and contracts in progress | 3 | €947 | €2,418 | +€1,471 | +155% |
| Stocks | 30/36 | €947 | €2,418 | +€1,471 | +155% |
| Amounts receivable within one year | 40/41 | €16,052 | €71,865 | +€55,813 | +348% |
| Trade receivables | 40 | €767 | €71,865 | +€71,098 | +9,266% |
| Other amounts receivable | 41 | €15,285 | - | -€15,285 | |
| Cash at bank and in hand | 54/58 | €10,799 | €79 | -€10,720 | -99.3% |
| Deferred charges and accrued income | 490/1 | €747 | €570 | -€177 | -23.7% |
| Total equity and liabilities | 10/49 | €94,659 | €131,598 | +€36,938 | +39.0% |
| Equity | 10/15 | €37,323 | €79,628 | +€42,305 | +113% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €44,165 | +€42,305 | +2,274% |
| Distributable reserves | 133 | €1,860 | €44,165 | +€42,305 | +2,274% |
| Profit (loss) carried forward | 14 | €16,863 | €16,863 | = | 0.0% |
| Amounts payable | 17/49 | €57,336 | €51,969 | -€5,367 | -9.4% |
| Amounts payable within one year | 42/48 | €57,336 | €51,969 | -€5,367 | -9.4% |
| Trade debts | 44 | €2,873 | €735 | -€2,138 | -74.4% |
| Suppliers | 440/4 | €2,873 | €735 | -€2,138 | -74.4% |
| Taxes, remuneration and social security | 45 | €4,439 | €14,505 | +€10,066 | +227% |
| Taxes | 450/3 | €4,439 | €10,175 | +€5,737 | +129% |
| Remuneration and social security | 454/9 | - | €4,329 | +€4,329 | |
| Other amounts payable | 47/48 | €50,024 | €36,730 | -€13,295 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,335 | €16,253 | +€9,918 | +157% |
| Other operating charges | 640/8 | €1,514 | €1,565 | +€51 | +3.3% |
| Gross operating margin | 9900 | €15,507 | €73,497 | +€57,989 | +374% |
| Operating profit (loss) | 9901 | €7,658 | €55,679 | +€48,021 | +627% |
| Financial income | 75/76B | €42 | €24 | -€18 | -42.6% |
| Recurring financial income | 75 | €42 | €24 | -€18 | -42.6% |
| Financial charges | 65/66B | €90 | €72 | -€17 | -19.5% |
| Recurring financial charges | 65 | €90 | €72 | -€17 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €7,610 | €55,631 | +€48,021 | +631% |
| Income taxes | 67/77 | - | €13,326 | +€13,326 | |
| Profit (loss) for the period | 9904 | €7,610 | €42,305 | +€34,695 | +456% |
| Profit (loss) for the period to be appropriated | 9905 | €7,610 | €42,305 | +€34,695 | +456% |
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.