STABETEK: 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.
STABETEK
Largest movements
- Receivables within one year -€53,752
down €53,752 (-15.6%), from €344,052 to €290,300
of which Trade receivables: -€59,159
- Cash +€29,282
up €29,282 (+96.1%), from €30,485 to €59,768
mainly Receivables within one year (+€53,752) and Depreciation (+€26,891)
- Tangible fixed assets -€8,243
down €8,243 (-5.2%), from €157,607 to €149,365
of which Other tangible fixed assets: -€18,830
- Trade debts -€17,590
down €17,590 (-10.9%), from €161,381 to €143,791
- Profit (loss) carried forward -€15,219
down €15,219 (-8.3%), from €182,759 to €167,540
- Debts after one year -€10,623
down €10,623 (-16.0%), from €66,339 to €55,715
- Staff costs +€68,483
up €68,483 (+17.8%), from €383,773 to €452,256
- Gross operating margin +€39,107
up €39,107 (+9.1%), from €428,926 to €468,034
- Depreciation +€6,213
up €6,213 (+30.0%), from €20,678 to €26,891
- Taxes -€5,404
down €5,404 (-92.3%), from €5,856 to €452
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 | €579,374 | €542,117 | -€37,256 | -6.4% |
| Fixed assets | 21/28 | €157,607 | €149,365 | -€8,243 | -5.2% |
| Tangible fixed assets | 22/27 | €157,607 | €149,365 | -€8,243 | -5.2% |
| Plant, machinery and equipment | 23 | €2,833 | €15,006 | +€12,173 | +430% |
| Furniture and vehicles | 24 | €5,852 | €4,266 | -€1,585 | -27.1% |
| Other tangible fixed assets | 26 | €148,922 | €130,092 | -€18,830 | -12.6% |
| Current assets | 29/58 | €421,766 | €392,753 | -€29,014 | -6.9% |
| Amounts receivable within one year | 40/41 | €344,052 | €290,300 | -€53,752 | -15.6% |
| Trade receivables | 40 | €339,911 | €280,752 | -€59,159 | -17.4% |
| Other amounts receivable | 41 | €4,141 | €9,548 | +€5,407 | +131% |
| Cash at bank and in hand | 54/58 | €30,485 | €59,768 | +€29,282 | +96.1% |
| Deferred charges and accrued income | 490/1 | €47,229 | €42,685 | -€4,544 | -9.6% |
| Total equity and liabilities | 10/49 | €579,374 | €542,117 | -€37,256 | -6.4% |
| Equity | 10/15 | €203,359 | €188,140 | -€15,219 | -7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,759 | €167,540 | -€15,219 | -8.3% |
| Amounts payable | 17/49 | €376,014 | €353,977 | -€22,038 | -5.9% |
| Amounts payable after more than one year | 17 | €66,339 | €55,715 | -€10,623 | -16.0% |
| Financial debts | 170/4 | €66,339 | €55,715 | -€10,623 | -16.0% |
| Amounts payable within one year | 42/48 | €309,610 | €298,261 | -€11,349 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €20,668 | €25,722 | +€5,054 | +24.5% |
| Trade debts | 44 | €161,381 | €143,791 | -€17,590 | -10.9% |
| Suppliers | 440/4 | €161,381 | €143,791 | -€17,590 | -10.9% |
| Advances received on contracts in progress | 46 | €3,020 | €3,020 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €124,423 | €125,610 | +€1,187 | +1.0% |
| Taxes | 450/3 | €52,414 | €41,727 | -€10,688 | -20.4% |
| Remuneration and social security | 454/9 | €72,009 | €83,884 | +€11,875 | +16.5% |
| Other amounts payable | 47/48 | €118 | €118 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €66 | €0 | -€66 | -100% |
| Non-recurring operating income | 76A | - | €1,144 | +€1,144 | |
| Remuneration, social security and pensions | 62 | €383,773 | €452,256 | +€68,483 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,678 | €26,891 | +€6,213 | +30.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,264 | €0 | -€3,264 | -100% |
| Other operating charges | 640/8 | €453 | €500 | +€47 | +10.3% |
| Gross operating margin | 9900 | €428,926 | €468,034 | +€39,107 | +9.1% |
| Operating profit (loss) | 9901 | €20,758 | -€11,613 | -€32,371 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €2,448 | €3,153 | +€705 | +28.8% |
| Recurring financial charges | 65 | €2,448 | €3,153 | +€705 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | €18,310 | -€14,767 | -€33,076 | |
| Income taxes | 67/77 | €5,856 | €452 | -€5,404 | -92.3% |
| Profit (loss) for the period | 9904 | €12,453 | -€15,219 | -€27,672 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,453 | -€15,219 | -€27,672 |
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 28 October 2026 via checked.be.