Stabiel Construct: 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.
Stabiel Construct
Largest movements
- Stocks and contracts -€411,386
down €411,386 (-77.8%), from €528,563 to €117,176
- Receivables within one year +€351,308
up €351,308 (+1,436%), from €24,461 to €375,769
of which Other amounts receivable: +€332,456
- Cash +€55,659
up €55,659 (+561%), from €9,924 to €65,584
mainly Stocks and contracts (+€411,386) and Debts after one year (+€200,000)
- Debts after one year +€200,000
new in 2025: €200,000
- Trade debts -€123,521
down €123,521 (-70.4%), from €175,461 to €51,940
- Short-term financial debts -€120,000
no longer reported in 2025 (was €120,000)
- Reserves +€41,725
up €41,725 (+39.8%), from €104,824 to €146,550
- Other debts -€15,065
down €15,065 (-12.9%), from €116,656 to €101,590
- Gross operating margin -€77,753
down €77,753 (-50.8%), from €153,207 to €75,455
- Taxes -€14,377
down €14,377 (-50.8%), from €28,309 to €13,932
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 | €570,979 | €567,522 | -€3,457 | -0.6% |
| Fixed assets | 21/28 | - | €2,732 | +€2,732 | |
| Tangible fixed assets | 22/27 | - | €2,132 | +€2,132 | |
| Plant, machinery and equipment | 23 | - | €2,132 | +€2,132 | |
| Financial fixed assets | 28 | - | €600 | +€600 | |
| Current assets | 29/58 | €570,979 | €564,790 | -€6,189 | -1.1% |
| Stocks and contracts in progress | 3 | €528,563 | €117,176 | -€411,386 | -77.8% |
| Stocks | 30/36 | €528,563 | €117,176 | -€411,386 | -77.8% |
| Amounts receivable within one year | 40/41 | €24,461 | €375,769 | +€351,308 | +1,436% |
| Trade receivables | 40 | €1,487 | €20,339 | +€18,852 | +1,267% |
| Other amounts receivable | 41 | €22,974 | €355,430 | +€332,456 | +1,447% |
| Cash at bank and in hand | 54/58 | €9,924 | €65,584 | +€55,659 | +561% |
| Deferred charges and accrued income | 490/1 | €8,030 | €6,261 | -€1,770 | -22.0% |
| Total equity and liabilities | 10/49 | €570,979 | €567,522 | -€3,457 | -0.6% |
| Equity | 10/15 | €129,824 | €171,550 | +€41,725 | +32.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €104,824 | €146,550 | +€41,725 | +39.8% |
| Distributable reserves | 133 | €104,824 | €146,550 | +€41,725 | +39.8% |
| Amounts payable | 17/49 | €441,154 | €395,972 | -€45,182 | -10.2% |
| Amounts payable after more than one year | 17 | - | €200,000 | +€200,000 | |
| Financial debts | 170/4 | - | €200,000 | +€200,000 | |
| Amounts payable within one year | 42/48 | €440,425 | €195,847 | -€244,579 | -55.5% |
| Financial debts | 43 | €120,000 | - | -€120,000 | |
| Credit institutions | 430/8 | €120,000 | - | -€120,000 | |
| Trade debts | 44 | €175,461 | €51,940 | -€123,521 | -70.4% |
| Suppliers | 440/4 | €175,461 | €51,940 | -€123,521 | -70.4% |
| Taxes, remuneration and social security | 45 | €28,309 | €42,316 | +€14,007 | +49.5% |
| Taxes | 450/3 | €28,309 | €42,316 | +€14,007 | +49.5% |
| Other amounts payable | 47/48 | €116,656 | €101,590 | -€15,065 | -12.9% |
| Accrued charges and deferred income | 492/3 | €729 | €126 | -€604 | -82.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,196 | €250 | -€946 | -79.1% |
| Other operating charges | 640/8 | €1,304 | €819 | -€485 | -37.2% |
| Gross operating margin | 9900 | €153,207 | €75,455 | -€77,753 | -50.8% |
| Operating profit (loss) | 9901 | €150,708 | €74,386 | -€76,322 | -50.6% |
| Financial income | 75/76B | €0 | €10 | +€10 | +2,979% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +2,979% |
| Financial charges | 65/66B | €17,575 | €18,739 | +€1,164 | +6.6% |
| Recurring financial charges | 65 | €17,575 | €18,739 | +€1,164 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €133,133 | €55,657 | -€77,476 | -58.2% |
| Income taxes | 67/77 | €28,309 | €13,932 | -€14,377 | -50.8% |
| Profit (loss) for the period | 9904 | €104,824 | €41,725 | -€63,099 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €104,824 | €41,725 | -€63,099 | -60.2% |
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 14 October 2026 via checked.be.