STABINVEST: 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.
STABINVEST
Largest movements
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Receivables within one year +€66,147
up €66,147 (+50.9%), from €130,052 to €196,198
of which Other amounts receivable: +€42,421
- Cash +€29,645
up €29,645 (+29.2%), from €101,497 to €131,142
mainly Current investments (+€250,000) and Depreciation (+€89,774)
- Tangible fixed assets -€20,015
down €20,015 (-2.7%), from €754,381 to €734,367
of which Furniture and vehicles: -€17,387
- Other debts -€110,203
down €110,203 (-99.8%), from €110,470 to €267
- Debts after one year -€51,574
down €51,574 (-11.6%), from €444,318 to €392,744
- Gross operating margin +€94,411
up €94,411 (+76.6%), from €123,304 to €217,715
- Taxes +€35,139
up €35,139 (+699%), from €5,028 to €40,167
- Depreciation +€4,160
up €4,160 (+4.9%), from €85,614 to €89,774
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 | €1,259,430 | €1,085,575 | -€173,856 | -13.8% |
| Fixed assets | 21/28 | €754,381 | €734,367 | -€20,015 | -2.7% |
| Tangible fixed assets | 22/27 | €754,381 | €734,367 | -€20,015 | -2.7% |
| Land and buildings | 22 | €635,083 | €639,599 | +€4,516 | +0.7% |
| Plant, machinery and equipment | 23 | €12,773 | €7,529 | -€5,244 | -41.1% |
| Furniture and vehicles | 24 | €70,878 | €53,491 | -€17,387 | -24.5% |
| Other tangible fixed assets | 26 | €35,648 | €33,748 | -€1,900 | -5.3% |
| Current assets | 29/58 | €505,049 | €351,208 | -€153,841 | -30.5% |
| Stocks and contracts in progress | 3 | €23,500 | €23,500 | = | 0.0% |
| Stocks | 30/36 | €23,500 | €23,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €130,052 | €196,198 | +€66,147 | +50.9% |
| Trade receivables | 40 | €127,618 | €151,344 | +€23,726 | +18.6% |
| Other amounts receivable | 41 | €2,434 | €44,855 | +€42,421 | +1,743% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €101,497 | €131,142 | +€29,645 | +29.2% |
| Deferred charges and accrued income | 490/1 | - | €368 | +€368 | |
| Total equity and liabilities | 10/49 | €1,259,430 | €1,085,575 | -€173,856 | -13.8% |
| Equity | 10/15 | €643,987 | €637,758 | -€6,228 | -1.0% |
| Contributions | 10/11 | €5,456 | €5,456 | = | 0.0% |
| Revaluation surpluses | 12 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €603,531 | €597,303 | -€6,228 | -1.0% |
| Non-distributable reserves | 130/1 | €1,637 | €1,637 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,637 | €1,637 | = | 0.0% |
| Distributable reserves | 133 | €601,894 | €595,666 | -€6,228 | -1.0% |
| Amounts payable | 17/49 | €615,444 | €447,816 | -€167,627 | -27.2% |
| Amounts payable after more than one year | 17 | €444,318 | €392,744 | -€51,574 | -11.6% |
| Financial debts | 170/4 | €444,318 | €392,744 | -€51,574 | -11.6% |
| Amounts payable within one year | 42/48 | €171,126 | €55,073 | -€116,053 | -67.8% |
| Current portion of amounts payable after more than one year | 42 | €51,024 | €51,574 | +€550 | +1.1% |
| Trade debts | 44 | €3,447 | €1,031 | -€2,416 | -70.1% |
| Suppliers | 440/4 | €3,447 | €1,031 | -€2,416 | -70.1% |
| Taxes, remuneration and social security | 45 | €6,185 | €2,200 | -€3,985 | -64.4% |
| Taxes | 450/3 | €3,985 | - | -€3,985 | |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €110,470 | €267 | -€110,203 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,614 | €89,774 | +€4,160 | +4.9% |
| Other operating charges | 640/8 | €6,656 | €7,281 | +€626 | +9.4% |
| Non-recurring operating charges | 66A | €2,500 | - | -€2,500 | |
| Gross operating margin | 9900 | €123,304 | €217,715 | +€94,411 | +76.6% |
| Operating profit (loss) | 9901 | €28,535 | €120,660 | +€92,125 | +323% |
| Financial income | 75/76B | €6,875 | €6,875 | = | 0.0% |
| Recurring financial income | 75 | €6,875 | €6,875 | = | 0.0% |
| Financial charges | 65/66B | €7,582 | €6,340 | -€1,241 | -16.4% |
| Recurring financial charges | 65 | €7,582 | €6,340 | -€1,241 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €27,828 | €121,195 | +€93,367 | +336% |
| Income taxes | 67/77 | €5,028 | €40,167 | +€35,139 | +699% |
| Profit (loss) for the period | 9904 | €22,800 | €81,027 | +€58,227 | +255% |
| Profit (loss) for the period to be appropriated | 9905 | €22,800 | €81,027 | +€58,227 | +255% |
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 19 October 2026 via checked.be.