STABIC: 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.
STABIC
Largest movements
- Stocks and contracts +€67,968
up €67,968 (+151%), from €45,082 to €113,050
of which Contracts in progress: +€66,000
- Tangible fixed assets +€30,554
up €30,554 (+10.3%), from €296,124 to €326,678
of which Furniture and vehicles: +€35,413
- Cash +€25,701
up €25,701 (+3.6%), from €722,090 to €747,791
mainly Trade debts (+€97,888) and Net result for the year (+€31,738)
- Receivables within one year -€23,004
down €23,004 (-31.4%), from €73,212 to €50,208
of which Trade receivables: -€35,048
- Trade debts +€97,888
up €97,888 (+43.8%), from €223,409 to €321,297
- Reserves +€31,738
up €31,738 (+3.7%), from €847,729 to €879,467
of which Distributable reserves: +€31,738
- Other debts -€29,685
down €29,685 (-100%), from €29,685 to €0
- Gross operating margin -€101,275
down €101,275 (-30.5%), from €331,815 to €230,540
- Write-downs -€40,000
down €40,000 (-66.7%), from €60,000 to €20,000
- Staff costs -€17,000
down €17,000 (-12.6%), from €134,429 to €117,429
- Depreciation +€13,266
up €13,266 (+147%), from €9,051 to €22,317
- Taxes -€12,453
down €12,453 (-37.9%), from €32,829 to €20,376
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 | €1,146,563 | €1,246,757 | +€100,194 | +8.7% |
| Fixed assets | 21/28 | €299,226 | €329,780 | +€30,554 | +10.2% |
| Tangible fixed assets | 22/27 | €296,124 | €326,678 | +€30,554 | +10.3% |
| Land and buildings | 22 | €152,550 | €152,550 | = | 0.0% |
| Plant, machinery and equipment | 23 | €20,732 | €15,872 | -€4,860 | -23.4% |
| Furniture and vehicles | 24 | €122,842 | €158,256 | +€35,413 | +28.8% |
| Financial fixed assets | 28 | €3,102 | €3,102 | = | 0.0% |
| Current assets | 29/58 | €847,337 | €916,977 | +€69,640 | +8.2% |
| Stocks and contracts in progress | 3 | €45,082 | €113,050 | +€67,968 | +151% |
| Stocks | 30/36 | €1,082 | €3,050 | +€1,968 | +182% |
| Contracts in progress | 37 | €44,000 | €110,000 | +€66,000 | +150% |
| Amounts receivable within one year | 40/41 | €73,212 | €50,208 | -€23,004 | -31.4% |
| Trade receivables | 40 | €63,785 | €28,737 | -€35,048 | -54.9% |
| Other amounts receivable | 41 | €9,427 | €21,471 | +€12,044 | +128% |
| Cash at bank and in hand | 54/58 | €722,090 | €747,791 | +€25,701 | +3.6% |
| Deferred charges and accrued income | 490/1 | €6,954 | €5,928 | -€1,026 | -14.8% |
| Total equity and liabilities | 10/49 | €1,146,563 | €1,246,757 | +€100,194 | +8.7% |
| Equity | 10/15 | €866,279 | €898,017 | +€31,738 | +3.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €847,729 | €879,467 | +€31,738 | +3.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €828,979 | €860,717 | +€31,738 | +3.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €280,285 | €348,740 | +€68,456 | +24.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €280,062 | €348,617 | +€68,556 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €9,727 | €0 | -€9,727 | -100% |
| Trade debts | 44 | €223,409 | €321,297 | +€97,888 | +43.8% |
| Suppliers | 440/4 | €223,409 | €321,297 | +€97,888 | +43.8% |
| Taxes, remuneration and social security | 45 | €17,240 | €27,320 | +€10,080 | +58.5% |
| Taxes | 450/3 | €7,086 | €19,327 | +€12,241 | +173% |
| Remuneration and social security | 454/9 | €10,155 | €7,994 | -€2,161 | -21.3% |
| Other amounts payable | 47/48 | €29,685 | €0 | -€29,685 | -100% |
| Accrued charges and deferred income | 492/3 | €223 | €123 | -€100 | -44.9% |
| Remuneration, social security and pensions | 62 | €134,429 | €117,429 | -€17,000 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,051 | €22,317 | +€13,266 | +147% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €60,000 | €20,000 | -€40,000 | -66.7% |
| Other operating charges | 640/8 | €4,265 | €11,373 | +€7,108 | +167% |
| Gross operating margin | 9900 | €331,815 | €230,540 | -€101,275 | -30.5% |
| Operating profit (loss) | 9901 | €124,070 | €59,420 | -€64,650 | -52.1% |
| Financial income | 75/76B | €3,995 | €4,123 | +€128 | +3.2% |
| Recurring financial income | 75 | €3,995 | €4,123 | +€128 | +3.2% |
| Financial charges | 65/66B | €2,409 | €11,429 | +€9,020 | +374% |
| Recurring financial charges | 65 | €2,409 | €11,429 | +€9,020 | +374% |
| Profit (loss) for the period before taxes | 9903 | €125,656 | €52,114 | -€73,541 | -58.5% |
| Income taxes | 67/77 | €32,829 | €20,376 | -€12,453 | -37.9% |
| Profit (loss) for the period | 9904 | €92,827 | €31,738 | -€61,088 | -65.8% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €92,827 | €31,738 | -€61,088 | -65.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.