STABECON: 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.
STABECON
Largest movements
- Cash -€34,349
down €34,349 (-8.5%), from €405,317 to €370,968
mainly Contributions, distributions and other (-€84,000) and Tax, wage and social debts (-€5,439)
- Receivables within one year -€9,811
down €9,811 (-33.2%), from €29,544 to €19,733
of which Other amounts receivable: -€5,000
- Tangible fixed assets -€9,282
down €9,282 (-52.7%), from €17,599 to €8,317
- Reserves -€84,000
down €84,000 (-36.6%), from €229,600 to €145,600
- Other debts +€31,603
up €31,603 (+18.4%), from €171,920 to €203,523
- Tax, wage and social debts -€5,439
down €5,439 (-38.2%), from €14,225 to €8,786
- Gross operating margin -€23,259
down €23,259 (-47.1%), from €49,372 to €26,113
- Taxes -€6,834
down €6,834 (-74.9%), from €9,130 to €2,295
- Financial charges +€994
up €994 (+19.8%), from €5,024 to €6,018
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 | €452,460 | €399,018 | -€53,442 | -11.8% |
| Fixed assets | 21/28 | €17,599 | €8,317 | -€9,282 | -52.7% |
| Tangible fixed assets | 22/27 | €17,599 | €8,317 | -€9,282 | -52.7% |
| Furniture and vehicles | 24 | €17,599 | €8,317 | -€9,282 | -52.7% |
| Current assets | 29/58 | €434,861 | €390,701 | -€44,160 | -10.2% |
| Amounts receivable within one year | 40/41 | €29,544 | €19,733 | -€9,811 | -33.2% |
| Trade receivables | 40 | €14,544 | €9,733 | -€4,811 | -33.1% |
| Other amounts receivable | 41 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €405,317 | €370,968 | -€34,349 | -8.5% |
| Total equity and liabilities | 10/49 | €452,460 | €399,018 | -€53,442 | -11.8% |
| Equity | 10/15 | €266,246 | €185,844 | -€80,402 | -30.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €229,600 | €145,600 | -€84,000 | -36.6% |
| Distributable reserves | 133 | €229,600 | €145,600 | -€84,000 | -36.6% |
| Profit (loss) carried forward | 14 | €18,046 | €21,644 | +€3,598 | +19.9% |
| Amounts payable | 17/49 | €186,214 | €213,174 | +€26,961 | +14.5% |
| Amounts payable within one year | 42/48 | €186,214 | €213,174 | +€26,961 | +14.5% |
| Trade debts | 44 | €69 | €865 | +€796 | +1154.0% |
| Suppliers | 440/4 | €69 | €865 | +€796 | +1154.0% |
| Taxes, remuneration and social security | 45 | €14,225 | €8,786 | -€5,439 | -38.2% |
| Taxes | 450/3 | €14,225 | €8,786 | -€5,439 | -38.2% |
| Other amounts payable | 47/48 | €171,920 | €203,523 | +€31,603 | +18.4% |
| Remuneration, social security and pensions | 62 | €120 | - | -€120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,184 | €13,250 | +€66 | +0.5% |
| Other operating charges | 640/8 | €870 | €952 | +€81 | +9.3% |
| Gross operating margin | 9900 | €49,372 | €26,113 | -€23,259 | -47.1% |
| Operating profit (loss) | 9901 | €35,198 | €11,911 | -€23,287 | -66.2% |
| Financial charges | 65/66B | €5,024 | €6,018 | +€994 | +19.8% |
| Recurring financial charges | 65 | €5,024 | €6,018 | +€994 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €30,174 | €5,893 | -€24,281 | -80.5% |
| Income taxes | 67/77 | €9,130 | €2,295 | -€6,834 | -74.9% |
| Profit (loss) for the period | 9904 | €21,044 | €3,598 | -€17,446 | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,044 | €3,598 | -€17,446 | -82.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.