STABILI.D: 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.
STABILI.D
Largest movements
- Receivables within one year +€36,274
up €36,274 (+418.7%), from €8,663 to €44,937
of which Trade receivables: +€36,287
- Stocks and contracts -€25,531
no longer reported in 2025 (was €25,531)
- Cash -€2,832
down €2,832 (-42.1%), from €6,733 to €3,901
mainly Receivables within one year (-€36,274) and Other debts (-€16,411)
- Deferred charges and accrued income -€1,720
down €1,720 (-19.7%), from €8,711 to €6,991
- Intangible fixed assets +€1,509
new in 2025: €1,509
- Profit (loss) carried forward +€18,300
up €18,300 (+8.5%), from -€216,138 to -€197,838
- Other debts -€16,411
down €16,411 (-21.1%), from €77,875 to €61,464
- Short-term financial debts +€13,588
up €13,588 (+30.7%), from €44,318 to €57,906
- Current portion of long-term debt -€8,289
down €8,289 (-90.6%), from €9,146 to €857
- Trade debts +€1,879
up €1,879 (+13.7%), from €13,715 to €15,595
- Gross operating margin +€16,568
up €16,568 (+82.2%), from €20,155 to €36,723
- Staff costs -€501
down €501 (-4.4%), from €11,311 to €10,810
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,215 | €82,929 | +€8,714 | +11.7% |
| Fixed assets | 21/28 | €24,577 | €27,100 | +€2,523 | +10.3% |
| Intangible fixed assets | 21 | - | €1,509 | +€1,509 | |
| Tangible fixed assets | 22/27 | €24,527 | €25,541 | +€1,014 | +4.1% |
| Land and buildings | 22 | €23,995 | €23,995 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €1,511 | +€1,511 | |
| Furniture and vehicles | 24 | €532 | €35 | -€497 | -93.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €49,638 | €55,829 | +€6,191 | +12.5% |
| Stocks and contracts in progress | 3 | €25,531 | - | -€25,531 | |
| Contracts in progress | 37 | €25,531 | - | -€25,531 | |
| Amounts receivable within one year | 40/41 | €8,663 | €44,937 | +€36,274 | +418.7% |
| Trade receivables | 40 | €7,305 | €43,592 | +€36,287 | +496.8% |
| Other amounts receivable | 41 | €1,358 | €1,345 | -€13 | -0.9% |
| Cash at bank and in hand | 54/58 | €6,733 | €3,901 | -€2,832 | -42.1% |
| Deferred charges and accrued income | 490/1 | €8,711 | €6,991 | -€1,720 | -19.7% |
| Total equity and liabilities | 10/49 | €74,215 | €82,929 | +€8,714 | +11.7% |
| Equity | 10/15 | -€81,914 | -€63,614 | +€18,300 | +22.3% |
| Contributions | 10/11 | €78,600 | €78,600 | = | 0.0% |
| Reserves | 13 | €55,624 | €55,624 | = | 0.0% |
| Distributable reserves | 133 | €55,624 | €55,624 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€216,138 | -€197,838 | +€18,300 | +8.5% |
| Amounts payable | 17/49 | €156,129 | €146,543 | -€9,586 | -6.1% |
| Amounts payable after more than one year | 17 | €857 | - | -€857 | |
| Financial debts | 170/4 | €857 | - | -€857 | |
| Amounts payable within one year | 42/48 | €155,271 | €146,543 | -€8,729 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €9,146 | €857 | -€8,289 | -90.6% |
| Financial debts | 43 | €44,318 | €57,906 | +€13,588 | +30.7% |
| Credit institutions | 430/8 | €44,318 | €57,906 | +€13,588 | +30.7% |
| Trade debts | 44 | €13,715 | €15,595 | +€1,879 | +13.7% |
| Suppliers | 440/4 | €13,715 | €15,595 | +€1,879 | +13.7% |
| Taxes, remuneration and social security | 45 | €10,217 | €10,720 | +€503 | +4.9% |
| Taxes | 450/3 | €10,217 | €10,002 | -€214 | -2.1% |
| Remuneration and social security | 454/9 | - | €718 | +€718 | |
| Other amounts payable | 47/48 | €77,875 | €61,464 | -€16,411 | -21.1% |
| Remuneration, social security and pensions | 62 | €11,311 | €10,810 | -€501 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €773 | €833 | +€60 | +7.8% |
| Other operating charges | 640/8 | €1,276 | €1,548 | +€272 | +21.3% |
| Non-recurring operating charges | 66A | €1,030 | - | -€1,030 | |
| Gross operating margin | 9900 | €20,155 | €36,723 | +€16,568 | +82.2% |
| Operating profit (loss) | 9901 | €5,765 | €23,532 | +€17,767 | +308.2% |
| Financial income | 75/76B | €4 | €16 | +€12 | +286.6% |
| Recurring financial income | 75 | €4 | €16 | +€12 | +286.6% |
| Financial charges | 65/66B | €5,045 | €5,019 | -€26 | -0.5% |
| Recurring financial charges | 65 | €5,045 | €4,690 | -€355 | -7.0% |
| Non-recurring financial charges | 66B | - | €329 | +€329 | |
| Profit (loss) for the period before taxes | 9903 | €723 | €18,529 | +€17,806 | +2461.2% |
| Income taxes | 67/77 | €186 | €230 | +€43 | +23.3% |
| Profit (loss) for the period | 9904 | €537 | €18,300 | +€17,763 | +3306.2% |
| Profit (loss) for the period to be appropriated | 9905 | €537 | €18,300 | +€17,763 | +3306.2% |
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 3 October 2026 via checked.be.