Stabigo: 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.
Stabigo
Largest movements
- Receivables within one year +€33,438
up €33,438 (+27.5%), from €121,813 to €155,251
of which Trade receivables: +€42,626
- Stocks and contracts -€23,706
down €23,706 (-6.0%), from €397,177 to €373,471
- Cash +€10,794
up €10,794 (+94.9%), from €11,379 to €22,173
mainly Other debts (+€83,524) and Short-term financial debts (+€80,000)
- Debts after one year -€167,813
down €167,813 (-46.5%), from €360,544 to €192,731
of which Financial debts: -€123,394
- Other debts +€83,524
up €83,524 (+968%), from €8,633 to €92,157
- Short-term financial debts +€80,000
new in 2025: €80,000
- Current portion of long-term debt -€35,610
down €35,610 (-60.4%), from €59,004 to €23,394
- Trade debts +€29,312
up €29,312 (+131%), from €22,394 to €51,706
- Gross operating margin -€23,707
down €23,707 (-32.4%), from €73,151 to €49,444
- Financial income +€6,248
up €6,248 (+98,240%), from €6 to €6,254
- Staff costs +€3,024
up €3,024 (+29.7%), from €10,188 to €13,211
- Other operating charges -€1,640
down €1,640 (-29.8%), from €5,496 to €3,857
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 | €545,591 | €561,248 | +€15,657 | +2.9% |
| Fixed assets | 21/28 | €14,316 | €8,846 | -€5,469 | -38.2% |
| Tangible fixed assets | 22/27 | €14,316 | €8,846 | -€5,469 | -38.2% |
| Plant, machinery and equipment | 23 | €12,916 | €8,504 | -€4,413 | -34.2% |
| Furniture and vehicles | 24 | €1,399 | €343 | -€1,057 | -75.5% |
| Current assets | 29/58 | €531,276 | €552,402 | +€21,126 | +4.0% |
| Stocks and contracts in progress | 3 | €397,177 | €373,471 | -€23,706 | -6.0% |
| Stocks | 30/36 | €397,177 | €373,471 | -€23,706 | -6.0% |
| Amounts receivable within one year | 40/41 | €121,813 | €155,251 | +€33,438 | +27.5% |
| Trade receivables | 40 | €105,899 | €148,525 | +€42,626 | +40.3% |
| Other amounts receivable | 41 | €15,914 | €6,726 | -€9,188 | -57.7% |
| Cash at bank and in hand | 54/58 | €11,379 | €22,173 | +€10,794 | +94.9% |
| Deferred charges and accrued income | 490/1 | €907 | €1,507 | +€600 | +66.2% |
| Total equity and liabilities | 10/49 | €545,591 | €561,248 | +€15,657 | +2.9% |
| Equity | 10/15 | €94,555 | €117,818 | +€23,263 | +24.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €338,706 | €338,706 | = | 0.0% |
| Distributable reserves | 133 | €338,706 | €338,706 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€264,611 | -€241,348 | +€23,263 | +8.8% |
| Amounts payable | 17/49 | €451,036 | €443,430 | -€7,606 | -1.7% |
| Amounts payable after more than one year | 17 | €360,544 | €192,731 | -€167,813 | -46.5% |
| Financial debts | 170/4 | €133,788 | €10,394 | -€123,394 | -92.2% |
| Other amounts payable | 178/9 | €226,756 | €182,337 | -€44,419 | -19.6% |
| Amounts payable within one year | 42/48 | €90,492 | €250,699 | +€160,207 | +177% |
| Current portion of amounts payable after more than one year | 42 | €59,004 | €23,394 | -€35,610 | -60.4% |
| Financial debts | 43 | - | €80,000 | +€80,000 | |
| Credit institutions | 430/8 | - | €80,000 | +€80,000 | |
| Trade debts | 44 | €22,394 | €51,706 | +€29,312 | +131% |
| Suppliers | 440/4 | €22,394 | €51,706 | +€29,312 | +131% |
| Taxes, remuneration and social security | 45 | €462 | €3,442 | +€2,981 | +646% |
| Taxes | 450/3 | €462 | €17 | -€445 | -96.4% |
| Remuneration and social security | 454/9 | €0 | €3,426 | +€3,426 | |
| Other amounts payable | 47/48 | €8,633 | €92,157 | +€83,524 | +968% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €825 | €0 | -€825 | -100% |
| Remuneration, social security and pensions | 62 | €10,188 | €13,211 | +€3,024 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,088 | €6,103 | +€15 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €5,496 | €3,857 | -€1,640 | -29.8% |
| Gross operating margin | 9900 | €73,151 | €49,444 | -€23,707 | -32.4% |
| Operating profit (loss) | 9901 | €51,379 | €26,273 | -€25,106 | -48.9% |
| Financial income | 75/76B | €6 | €6,254 | +€6,248 | +98,240% |
| Recurring financial income | 75 | €6 | €6,254 | +€6,248 | +98,240% |
| Financial charges | 65/66B | €8,549 | €9,264 | +€715 | +8.4% |
| Recurring financial charges | 65 | €8,549 | €9,264 | +€715 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €42,836 | €23,263 | -€19,573 | -45.7% |
| Income taxes | 67/77 | €17 | €0 | -€17 | -100% |
| Profit (loss) for the period | 9904 | €42,820 | €23,263 | -€19,557 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,820 | €23,263 | -€19,557 | -45.7% |
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 25 October 2026 via checked.be.