STABIL: 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.
What changed
STABIL
NACE 71.111, Activities of building architects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€812,305
2024 · €1.6m-€767,667
Equity
€6.0m
2024 · €5.3m+€687,305
Cash
€575,546
2024 · €635,335-€59,790
Balance sheet total
€11.1m
2024 · €12.1m-€1.0m
Largest movements
Assets
- Receivables within one year -€458,688
down €458,688 (-25.9%), from €1.8m to €1.3m
of which Trade receivables: -€418,646
- Current investments -€250,000
down €250,000 (-50.0%), from €500,000 to €250,000
- Tangible fixed assets -€225,467
down €225,467 (-2.6%), from €8.7m to €8.5m
of which Land and buildings: -€283,617
Equity and liabilities
- Other debts -€1.1m
down €1.1m (-90.0%), from €1.3m to €125,000
- Reserves +€686,706
up €686,706 (+13.2%), from €5.2m to €5.9m
of which Distributable reserves: +€726,000
- Trade debts -€557,974
down €557,974 (-52.6%), from €1.1m to €503,169
- Debts after one year -€178,210
down €178,210 (-4.8%), from €3.8m to €3.6m
Income statement
- Gross operating margin -€964,881
down €964,881 (-20.5%), from €4.7m to €3.7m
- Taxes -€209,060
down €209,060 (-45.6%), from €458,005 to €248,945
- Financial income -€74,999
down €74,999 (-67.3%), from €111,452 to €36,453
of which Non-recurring financial income: -€63,047
- Depreciation -€71,335
down €71,335 (-7.3%), from €983,128 to €911,793
- Write-downs -€62,541
down €62,541, from €25,215 to -€37,326
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.
Result 2024
€1.6m
Gross operating margin
-€964,881
Staff costs
-€41,913
Depreciation
+€71,335
Write-downs
+€62,541
Other operating charges
-€54,686
Other operating items
+€585
Financial income
-€74,999
Financial charges
+€16,358
Taxes
+€209,060
Deferred taxes and other
+€8,934
Result 2025
€812,305
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.
From operations
+€585,372
Investment
-€403,267
Financing
-€241,896
Cash 2024
€635,335
From operations (derived)
+€585,372
Net result for the year
+€812,305
Depreciation
+€911,793
Stocks and contracts
-€17,133
Receivables within one year
+€458,688
Smaller working-capital items
+€3,097
Provisions
-€13,098
Trade debts
-€557,974
Tax, wage and social debts
+€37,795
Advances received
+€74,900
Other debts
-€1.1m
Investment (derived)
-€403,267
Investment in fixed assets (net)
-€653,267
Current investments
+€250,000
Financing
-€241,896
Debts after one year
-€178,210
Current portion of long-term debt
+€61,315
Contributions, distributions and other
-€125,000
Cash 2025
€575,546
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,147,588 | €11,135,565 | -€1.0m | -8.3% |
| Fixed assets | 21/28 | €9,061,249 | €8,802,722 | -€258,526 | -2.9% |
| Intangible fixed assets | 21 | €197,880 | €156,363 | -€41,516 | -21.0% |
| Tangible fixed assets | 22/27 | €8,677,447 | €8,451,980 | -€225,467 | -2.6% |
| Land and buildings | 22 | €6,670,957 | €6,387,340 | -€283,617 | -4.3% |
| Plant, machinery and equipment | 23 | €1,033,011 | €831,349 | -€201,661 | -19.5% |
| Furniture and vehicles | 24 | €154,576 | €149,388 | -€5,188 | -3.4% |
| Leasing and similar rights | 25 | €458,846 | €711,680 | +€252,834 | +55.1% |
| Other tangible fixed assets | 26 | €297,834 | €292,157 | -€5,677 | -1.9% |
| Assets under construction and advance payments | 27 | €62,223 | €80,066 | +€17,843 | +28.7% |
| Financial fixed assets | 28 | €185,923 | €194,379 | +€8,457 | +4.5% |
| Current assets | 29/58 | €3,086,339 | €2,332,843 | -€753,496 | -24.4% |
| Stocks and contracts in progress | 3 | €168,186 | €185,319 | +€17,133 | +10.2% |
| Stocks | 30/36 | €168,186 | €185,319 | +€17,133 | +10.2% |
| Amounts receivable within one year | 40/41 | €1,772,234 | €1,313,546 | -€458,688 | -25.9% |
| Trade receivables | 40 | €1,706,545 | €1,287,898 | -€418,646 | -24.5% |
| Other amounts receivable | 41 | €65,690 | €25,648 | -€40,042 | -61.0% |
| Current investments | 50/53 | €500,000 | €250,000 | -€250,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €635,335 | €575,546 | -€59,790 | -9.4% |
| Deferred charges and accrued income | 490/1 | €10,583 | €8,432 | -€2,152 | -20.3% |
| Total equity and liabilities | 10/49 | €12,147,588 | €11,135,565 | -€1.0m | -8.3% |
| Equity | 10/15 | €5,263,792 | €5,951,096 | +€687,305 | +13.1% |
| Contributions | 10/11 | €68,179 | €68,179 | = | 0.0% |
| Reserves | 13 | €5,195,094 | €5,881,800 | +€686,706 | +13.2% |
| Tax-exempt reserves | 132 | €485,094 | €445,800 | -€39,294 | -8.1% |
| Distributable reserves | 133 | €4,710,000 | €5,436,000 | +€726,000 | +15.4% |
| Profit (loss) carried forward | 14 | €519 | €1,117 | +€599 | +115.3% |
| Provisions and deferred taxes | 16 | €149,409 | €136,311 | -€13,098 | -8.8% |
| Deferred taxes | 168 | €149,409 | €136,311 | -€13,098 | -8.8% |
| Amounts payable | 17/49 | €6,734,388 | €5,048,159 | -€1.7m | -25.0% |
| Amounts payable after more than one year | 17 | €3,751,193 | €3,572,982 | -€178,210 | -4.8% |
| Financial debts | 170/4 | €3,751,193 | €3,572,982 | -€178,210 | -4.8% |
| Amounts payable within one year | 42/48 | €2,983,009 | €1,474,045 | -€1.5m | -50.6% |
| Current portion of amounts payable after more than one year | 42 | €511,808 | €573,122 | +€61,315 | +12.0% |
| Trade debts | 44 | €1,061,143 | €503,169 | -€557,974 | -52.6% |
| Suppliers | 440/4 | €1,061,143 | €503,169 | -€557,974 | -52.6% |
| Advances received on contracts in progress | 46 | - | €74,900 | +€74,900 | |
| Taxes, remuneration and social security | 45 | €160,059 | €197,854 | +€37,795 | +23.6% |
| Taxes | 450/3 | €45,728 | €81,419 | +€35,691 | +78.0% |
| Remuneration and social security | 454/9 | €114,331 | €116,435 | +€2,105 | +1.8% |
| Other amounts payable | 47/48 | €1,250,000 | €125,000 | -€1.1m | -90.0% |
| Accrued charges and deferred income | 492/3 | €186 | €1,131 | +€945 | +508.0% |
| Non-recurring operating income | 76A | €72,588 | €0 | -€72,588 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,605,336 | €1,647,249 | +€41,913 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €983,128 | €911,793 | -€71,335 | -7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,215 | -€37,326 | -€62,541 | |
| Other operating charges | 640/8 | €52,111 | €106,797 | +€54,686 | +104.9% |
| Non-recurring operating charges | 66A | €4,932 | €4,346 | -€585 | -11.9% |
| Gross operating margin | 9900 | €4,701,798 | €3,736,917 | -€964,881 | -20.5% |
| Operating profit (loss) | 9901 | €2,031,077 | €1,104,057 | -€927,020 | -45.6% |
| Financial income | 75/76B | €111,452 | €36,453 | -€74,999 | -67.3% |
| Recurring financial income | 75 | €33,425 | €21,473 | -€11,952 | -35.8% |
| Non-recurring financial income | 76B | €78,027 | €14,980 | -€63,047 | -80.8% |
| Financial charges | 65/66B | €108,717 | €92,359 | -€16,358 | -15.0% |
| Recurring financial charges | 65 | €108,717 | €92,359 | -€16,358 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €2,033,812 | €1,048,151 | -€985,661 | -48.5% |
| Transfer from deferred taxes | 780 | €14,757 | €13,098 | -€1,659 | -11.2% |
| Transfer to deferred taxes | 680 | €10,593 | €0 | -€10,593 | -100.0% |
| Income taxes | 67/77 | €458,005 | €248,945 | -€209,060 | -45.6% |
| Profit (loss) for the period | 9904 | €1,579,972 | €812,305 | -€767,667 | -48.6% |
| Transfer from tax-exempt reserves | 789 | €44,271 | €39,294 | -€4,977 | -11.2% |
| Transfer to tax-exempt reserves | 689 | €51,398 | €0 | -€51,398 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,572,845 | €851,599 | -€721,246 | -45.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.