STABILAME: 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.
What changed
STABILAME
NACE 16.210, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€104,557
2024 · -€156,918+€52,361
Equity
€2.5m
2024 · €2.6m-€114,300
Cash
€440,995
2024 · €146,829+€294,166
Balance sheet total
€13.9m
2024 · €11.3m+€2.7m
Largest movements
Assets
- Receivables within one year +€2.9m
up €2.9m (+108%), from €2.7m to €5.6m
of which Trade receivables: +€2.9m
- Tangible fixed assets -€392,528
down €392,528 (-8.6%), from €4.6m to €4.2m
of which Land and buildings: -€236,145
- Cash +€294,166
up €294,166 (+200%), from €146,829 to €440,995
mainly Short-term financial debts (+€1.5m) and Advances received (+€943,815)
- Stocks and contracts -€171,916
down €171,916 (-8.4%), from €2.1m to €1.9m
Equity and liabilities
- Short-term financial debts +€1.5m
up €1.5m (+64.7%), from €2.3m to €3.8m
- Advances received +€943,815
up €943,815 (+210%), from €449,775 to €1.4m
- Trade debts +€596,744
up €596,744 (+39.5%), from €1.5m to €2.1m
- Debts after one year -€503,266
down €503,266 (-19.0%), from €2.6m to €2.1m
- Tax, wage and social debts +€209,802
up €209,802 (+38.5%), from €545,185 to €754,987
of which Taxes: +€136,018
Income statement
- Turnover +€4.8m
up €4.8m (+47.3%), from €10.1m to €14.8m
- Goods and materials +€4.2m
up €4.2m (+117%), from €3.6m to €7.8m
of which Purchases: +€3.3m
- Services and other goods +€439,503
up €439,503 (+19.6%), from €2.2m to €2.7m
- Staff costs +€269,704
up €269,704 (+6.8%), from €4.0m to €4.2m
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
-€156,918
Turnover
+€4.8m
Other operating income
+€100,679
Goods and materials
-€4.2m
Services and other goods
-€439,503
Staff costs
-€269,704
Depreciation
+€67,997
Other operating charges
-€1,799
Other operating items
+€42,604
Financial income
+€13,590
Financial charges
+€20,349
Taxes
-€27,195
Deferred taxes and other
-€1,912
Result 2025
-€104,557
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€411,802
Investment
-€273,244
Financing
+€979,212
Cash 2024
€146,829
From operations (derived)
-€411,802
Net result for the year
-€104,557
Depreciation
+€630,863
Receivables after one year
+€2,671
Stocks and contracts
+€171,916
Receivables within one year
-€2.9m
Deferred charges and accrued income
-€11,144
Provisions
-€18,752
Trade debts
+€596,744
Tax, wage and social debts
+€209,802
Advances received
+€943,815
Other debts
+€84,212
Accrued charges and deferred income
-€30,158
Investment (derived)
-€273,244
Investment in fixed assets (net)
-€273,244
Financing
+€979,212
Debts after one year
-€503,266
Current portion of long-term debt
+€1,527
Short-term financial debts
+€1.5m
Contributions, distributions and other
-€9,743
Cash 2025
€440,995
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,269,286 | €13,929,605 | +€2.7m | +23.6% |
| Fixed assets | 21/28 | €6,234,273 | €5,876,654 | -€357,619 | -5.7% |
| Intangible fixed assets | 21 | €96,898 | €112,216 | +€15,318 | +15.8% |
| Tangible fixed assets | 22/27 | €4,572,472 | €4,179,945 | -€392,528 | -8.6% |
| Land and buildings | 22 | €3,561,702 | €3,325,556 | -€236,145 | -6.6% |
| Plant, machinery and equipment | 23 | €406,075 | €325,335 | -€80,740 | -19.9% |
| Furniture and vehicles | 24 | €213,266 | €210,918 | -€2,348 | -1.1% |
| Leasing and similar rights | 25 | €391,430 | €318,135 | -€73,295 | -18.7% |
| Financial fixed assets | 28 | €1,564,903 | €1,584,493 | +€19,591 | +1.3% |
| Affiliated companies | 280/1 | €1,509,275 | €1,509,275 | = | 0.0% |
| Participating interests | 280 | €1,009,275 | €1,009,275 | = | 0.0% |
| Amounts receivable | 281 | €500,000 | €500,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €55,628 | €75,218 | +€19,591 | +35.2% |
| Shares | 284 | €124 | €124 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €55,504 | €75,094 | +€19,591 | +35.3% |
| Current assets | 29/58 | €5,035,013 | €8,052,951 | +€3.0m | +59.9% |
| Amounts receivable after more than one year | 29 | €22,040 | €19,369 | -€2,671 | -12.1% |
| Other amounts receivable | 291 | €22,040 | €19,369 | -€2,671 | -12.1% |
| Stocks and contracts in progress | 3 | €2,051,069 | €1,879,154 | -€171,916 | -8.4% |
| Stocks | 30/36 | €2,051,069 | €1,879,154 | -€171,916 | -8.4% |
| Raw materials and consumables | 30/31 | €1,355,408 | €938,291 | -€417,117 | -30.8% |
| Work in progress | 32 | €589,589 | €834,790 | +€245,202 | +41.6% |
| Property held for sale | 35 | €106,073 | €106,073 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,676,292 | €5,563,505 | +€2.9m | +108% |
| Trade receivables | 40 | €2,554,458 | €5,462,389 | +€2.9m | +114% |
| Other amounts receivable | 41 | €121,834 | €101,116 | -€20,718 | -17.0% |
| Cash at bank and in hand | 54/58 | €146,829 | €440,995 | +€294,166 | +200% |
| Deferred charges and accrued income | 490/1 | €138,782 | €149,927 | +€11,144 | +8.0% |
| Total equity and liabilities | 10/49 | €11,269,286 | €13,929,605 | +€2.7m | +23.6% |
| Equity | 10/15 | €2,606,751 | €2,492,451 | -€114,300 | -4.4% |
| Contributions | 10/11 | €867,627 | €867,627 | = | 0.0% |
| Capital | 10 | €867,627 | €867,627 | = | 0.0% |
| Issued capital | 100 | €867,627 | €867,627 | = | 0.0% |
| Reserves | 13 | €1,567,607 | €1,463,050 | -€104,557 | -6.7% |
| Non-distributable reserves | 130/1 | €86,763 | €86,763 | = | 0.0% |
| Legal reserve | 130 | €86,763 | €86,763 | = | 0.0% |
| Tax-exempt reserves | 132 | €835,444 | €779,651 | -€55,793 | -6.7% |
| Distributable reserves | 133 | €645,401 | €596,637 | -€48,764 | -7.6% |
| Investment grants | 15 | €171,516 | €161,773 | -€9,743 | -5.7% |
| Provisions and deferred taxes | 16 | €278,636 | €259,884 | -€18,752 | -6.7% |
| Deferred taxes | 168 | €278,636 | €259,884 | -€18,752 | -6.7% |
| Amounts payable | 17/49 | €8,383,899 | €11,177,271 | +€2.8m | +33.3% |
| Amounts payable after more than one year | 17 | €2,649,804 | €2,146,538 | -€503,266 | -19.0% |
| Financial debts | 170/4 | €2,649,804 | €2,146,538 | -€503,266 | -19.0% |
| Subordinated loans | 170 | €1,082,894 | €875,449 | -€207,444 | -19.2% |
| Leasing and similar obligations | 172 | €366,746 | €303,235 | -€63,512 | -17.3% |
| Credit institutions | 173 | €1,080,955 | €927,322 | -€153,633 | -14.2% |
| Other loans | 174 | €119,209 | €40,532 | -€78,676 | -66.0% |
| Amounts payable within one year | 42/48 | €5,694,008 | €9,020,802 | +€3.3m | +58.4% |
| Current portion of amounts payable after more than one year | 42 | €661,539 | €663,067 | +€1,527 | +0.2% |
| Financial debts | 43 | €2,302,416 | €3,793,109 | +€1.5m | +64.7% |
| Credit institutions | 430/8 | €2,302,416 | €3,793,109 | +€1.5m | +64.7% |
| Trade debts | 44 | €1,510,587 | €2,107,331 | +€596,744 | +39.5% |
| Suppliers | 440/4 | €1,510,587 | €2,107,331 | +€596,744 | +39.5% |
| Advances received on contracts in progress | 46 | €449,775 | €1,393,590 | +€943,815 | +210% |
| Taxes, remuneration and social security | 45 | €545,185 | €754,987 | +€209,802 | +38.5% |
| Taxes | 450/3 | €96,041 | €232,058 | +€136,018 | +142% |
| Remuneration and social security | 454/9 | €449,144 | €522,929 | +€73,784 | +16.4% |
| Other amounts payable | 47/48 | €224,505 | €308,718 | +€84,212 | +37.5% |
| Accrued charges and deferred income | 492/3 | €40,088 | €9,930 | -€30,158 | -75.2% |
| Operating income | 70/76A | €10,684,774 | €15,662,697 | +€5.0m | +46.6% |
| Turnover | 70 | €10,071,564 | €14,833,599 | +€4.8m | +47.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €171,476 | €245,202 | +€73,726 | +43.0% |
| Other operating income | 74 | €441,734 | €542,413 | +€100,679 | +22.8% |
| Non-recurring operating income | 76A | €0 | €41,483 | +€41,483 | |
| Operating charges | 60/66A | €10,582,755 | €15,513,149 | +€4.9m | +46.6% |
| Goods for resale, raw materials and consumables | 60 | €3,596,743 | €7,811,523 | +€4.2m | +117% |
| Purchases | 600/8 | €4,138,052 | €7,394,406 | +€3.3m | +78.7% |
| Change in stocks: decrease (increase) | 609 | -€541,308 | €417,117 | +€958,426 | |
| Services and other goods | 61 | €2,241,432 | €2,680,935 | +€439,503 | +19.6% |
| Remuneration, social security and pensions | 62 | €3,961,522 | €4,231,227 | +€269,704 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €698,860 | €630,863 | -€67,997 | -9.7% |
| Other operating charges | 640/8 | €84,198 | €85,997 | +€1,799 | +2.1% |
| Non-recurring operating charges | 66A | - | €72,605 | +€72,605 | |
| Operating profit (loss) | 9901 | €102,019 | €149,548 | +€47,529 | +46.6% |
| Financial income | 75/76B | €19,749 | €33,339 | +€13,590 | +68.8% |
| Recurring financial income | 75 | €19,749 | €33,339 | +€13,590 | +68.8% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €4,064 | €2,048 | -€2,016 | -49.6% |
| Other financial income | 752/9 | €15,685 | €31,292 | +€15,606 | +99.5% |
| Financial charges | 65/66B | €304,209 | €283,860 | -€20,349 | -6.7% |
| Recurring financial charges | 65 | €304,209 | €283,860 | -€20,349 | -6.7% |
| Debt charges | 650 | €275,774 | €252,935 | -€22,838 | -8.3% |
| Other financial charges | 652/9 | €28,435 | €30,924 | +€2,489 | +8.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€182,441 | -€100,973 | +€81,468 | +44.7% |
| Transfer from deferred taxes | 780 | €20,665 | €18,752 | -€1,912 | -9.3% |
| Income taxes | 67/77 | -€4,859 | €22,336 | +€27,195 | |
| Taxes | 670/3 | €3,000 | €22,336 | +€19,336 | +645% |
| Tax adjustments and reversals of tax provisions | 77 | €7,859 | €0 | -€7,859 | -100% |
| Profit (loss) for the period | 9904 | -€156,918 | -€104,557 | +€52,361 | +33.4% |
| Transfer from tax-exempt reserves | 789 | €57,740 | €55,793 | -€1,947 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,178 | -€48,764 | +€50,414 | +50.8% |
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 17 October 2026 via checked.be.