STABO: 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
STABO
NACE 25.110, Manufacture of metal structures and parts of structures
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€731,148
2024 · -€1.6m+€888,636
Equity
€1.2m
2024 · -€1.1m+€2.3m
Cash
€3.1m
2024 · €21,891+€3.1m
Balance sheet total
€8.5m
2024 · €6.2m+€2.4m
Largest movements
Assets
- Cash +€3.1m
up €3.1m (+13965.5%), from €21,891 to €3.1m
mainly Contributions, distributions and other (+€3.0m) and Other debts (+€1.4m)
- Receivables within one year -€757,569
down €757,569 (-23.4%), from €3.2m to €2.5m
of which Trade receivables: -€609,150
- Stocks and contracts +€87,766
up €87,766 (+5.1%), from €1.7m to €1.8m
Equity and liabilities
- Contributions +€3.0m
up €3.0m (+283.0%), from €1.1m to €4.1m
- Other debts +€1.4m
up €1.4m (+31.3%), from €4.4m to €5.7m
- Trade debts -€993,895
down €993,895 (-42.9%), from €2.3m to €1.3m
- Profit (loss) carried forward -€731,148
down €731,148 (-33.6%), from -€2.2m to -€2.9m
- Debts after one year -€90,598
down €90,598 (-30.9%), from €293,497 to €202,899
of which Financial debts: -€90,598
Income statement
- Turnover -€3.4m
down €3.4m (-17.1%), from €20.2m to €16.7m
- Goods and materials -€3.4m
down €3.4m (-18.8%), from €18.2m to €14.8m
of which Purchases: -€3.3m
- Services and other goods -€626,446
down €626,446 (-25.4%), from €2.5m to €1.8m
- Staff costs -€258,321
down €258,321 (-41.8%), from €618,125 to €359,804
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
Turnover
-€3.4m
Other operating income
-€99,151
Goods and materials
+€3.4m
Services and other goods
+€626,446
Staff costs
+€258,321
Depreciation
+€46,340
Write-downs
-€40,812
Other operating charges
+€3,748
Financial income
-€40,536
Financial charges
+€169,100
Taxes
-€8,336
Result 2025
-€731,148
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
+€503,505
Investment
-€277,569
Financing
+€2.8m
Cash 2024
€21,891
From operations (derived)
+€503,505
Net result for the year
-€731,148
Depreciation
+€335,671
Stocks and contracts
-€87,766
Receivables within one year
+€757,569
Deferred charges and accrued income
-€22,105
Trade debts
-€993,895
Tax, wage and social debts
-€39,812
Other debts
+€1.4m
Accrued charges and deferred income
-€77,206
Investment (derived)
-€277,569
Investment in fixed assets (net)
-€277,569
Financing
+€2.8m
Debts after one year
-€90,598
Current portion of long-term debt
-€78,212
Contributions, distributions and other
+€3.0m
Cash 2025
€3.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,185,132 | €8,536,458 | +€2.4m | +38.0% |
| Fixed assets | 21/28 | €1,179,128 | €1,121,025 | -€58,103 | -4.9% |
| Intangible fixed assets | 21 | €33,427 | €15,670 | -€17,756 | -53.1% |
| Tangible fixed assets | 22/27 | €1,145,701 | €1,104,855 | -€40,846 | -3.6% |
| Plant, machinery and equipment | 23 | €748,528 | €778,933 | +€30,405 | +4.1% |
| Furniture and vehicles | 24 | €113,746 | €108,377 | -€5,370 | -4.7% |
| Leasing and similar rights | 25 | €267,012 | €203,272 | -€63,740 | -23.9% |
| Other tangible fixed assets | 26 | €16,414 | €14,273 | -€2,141 | -13.0% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Other financial fixed assets | 284/8 | - | €500 | +€500 | |
| Amounts receivable and cash guarantees | 285/8 | - | €500 | +€500 | |
| Current assets | 29/58 | €5,006,004 | €7,415,433 | +€2.4m | +48.1% |
| Stocks and contracts in progress | 3 | €1,732,616 | €1,820,382 | +€87,766 | +5.1% |
| Stocks | 30/36 | €1,732,616 | €1,820,382 | +€87,766 | +5.1% |
| Goods purchased for resale | 34 | €1,732,616 | €1,820,382 | +€87,766 | +5.1% |
| Amounts receivable within one year | 40/41 | €3,231,675 | €2,474,107 | -€757,569 | -23.4% |
| Trade receivables | 40 | €2,889,706 | €2,280,557 | -€609,150 | -21.1% |
| Other amounts receivable | 41 | €341,969 | €193,550 | -€148,419 | -43.4% |
| Cash at bank and in hand | 54/58 | €21,891 | €3,079,017 | +€3.1m | +13965.5% |
| Deferred charges and accrued income | 490/1 | €19,822 | €41,927 | +€22,105 | +111.5% |
| Total equity and liabilities | 10/49 | €6,185,132 | €8,536,458 | +€2.4m | +38.0% |
| Equity | 10/15 | -€1,114,539 | €1,154,313 | +€2.3m | |
| Contributions | 10/11 | €1,060,000 | €4,060,000 | +€3.0m | +283.0% |
| Profit (loss) carried forward | 14 | -€2,174,539 | -€2,905,687 | -€731,148 | -33.6% |
| Amounts payable | 17/49 | €7,299,671 | €7,382,145 | +€82,474 | +1.1% |
| Amounts payable after more than one year | 17 | €293,497 | €202,899 | -€90,598 | -30.9% |
| Financial debts | 170/4 | €293,497 | €202,899 | -€90,598 | -30.9% |
| Leasing and similar obligations | 172 | €48,719 | €2,316 | -€46,404 | -95.2% |
| Credit institutions | 173 | €44,195 | €0 | -€44,195 | -100.0% |
| Other loans | 174 | €200,583 | €200,583 | = | 0.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €6,918,242 | €7,168,520 | +€250,278 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €171,394 | €93,182 | -€78,212 | -45.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,315,243 | €1,321,348 | -€993,895 | -42.9% |
| Suppliers | 440/4 | €2,315,243 | €1,321,348 | -€993,895 | -42.9% |
| Taxes, remuneration and social security | 45 | €80,797 | €40,985 | -€39,812 | -49.3% |
| Taxes | 450/3 | €5,975 | €9,848 | +€3,873 | +64.8% |
| Remuneration and social security | 454/9 | €74,822 | €31,137 | -€43,684 | -58.4% |
| Other amounts payable | 47/48 | €4,350,807 | €5,713,004 | +€1.4m | +31.3% |
| Accrued charges and deferred income | 492/3 | €87,931 | €10,726 | -€77,206 | -87.8% |
| Operating income | 70/76A | €20,284,740 | €16,742,445 | -€3.5m | -17.5% |
| Turnover | 70 | €20,155,114 | €16,711,970 | -€3.4m | -17.1% |
| Own construction capitalised | 72 | €0 | - | = | |
| Other operating income | 74 | €129,626 | €30,475 | -€99,151 | -76.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €21,682,850 | €17,372,147 | -€4.3m | -19.9% |
| Goods for resale, raw materials and consumables | 60 | €18,180,127 | €14,763,468 | -€3.4m | -18.8% |
| Purchases | 600/8 | €18,158,183 | €14,851,234 | -€3.3m | -18.2% |
| Change in stocks: decrease (increase) | 609 | €21,944 | -€87,766 | -€109,710 | |
| Services and other goods | 61 | €2,467,518 | €1,841,072 | -€626,446 | -25.4% |
| Remuneration, social security and pensions | 62 | €618,125 | €359,804 | -€258,321 | -41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €382,012 | €335,671 | -€46,340 | -12.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,722 | €34,090 | +€40,812 | |
| Other operating charges | 640/8 | €41,790 | €38,042 | -€3,748 | -9.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | -€1,398,109 | -€629,702 | +€768,407 | +55.0% |
| Financial income | 75/76B | €67,367 | €26,831 | -€40,536 | -60.2% |
| Recurring financial income | 75 | €67,367 | €26,831 | -€40,536 | -60.2% |
| Income from current assets | 751 | €6,840 | €0 | -€6,840 | -100.0% |
| Other financial income | 752/9 | €60,528 | €26,831 | -€33,697 | -55.7% |
| Financial charges | 65/66B | €296,278 | €127,177 | -€169,100 | -57.1% |
| Recurring financial charges | 65 | €296,278 | €127,177 | -€169,100 | -57.1% |
| Debt charges | 650 | €269,679 | €125,225 | -€144,454 | -53.6% |
| Other financial charges | 652/9 | €26,598 | €1,952 | -€24,646 | -92.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,627,020 | -€730,048 | +€896,972 | +55.1% |
| Income taxes | 67/77 | -€7,236 | €1,100 | +€8,336 | |
| Taxes | 670/3 | €1,806 | €1,100 | -€706 | -39.1% |
| Tax adjustments and reversals of tax provisions | 77 | €9,042 | €0 | -€9,042 | -100.0% |
| Profit (loss) for the period | 9904 | -€1,619,783 | -€731,148 | +€888,636 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,619,783 | -€731,148 | +€888,636 | +54.9% |
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 10 October 2026 via checked.be.