STABRU: 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.
STABRU
Largest movements
- Tangible fixed assets +€131,283
up €131,283 (+77.4%), from €169,672 to €300,955
of which Other tangible fixed assets: +€114,131
- Receivables within one year +€67,016
up €67,016 (+490%), from €13,673 to €80,688
of which Trade receivables: +€76,092
- Cash +€30,321
up €30,321 (+2,293%), from €1,323 to €31,643
mainly Other debts (+€178,395) and Depreciation (+€35,104)
- Stocks and contracts +€5,897
new in 2025: €5,897
- Deferred charges and accrued income +€5,597
up €5,597 (+155%), from €3,605 to €9,201
- Other debts +€178,395
up €178,395 (+40.0%), from €445,908 to €624,303
- Tax, wage and social debts +€28,289
new in 2025: €28,289
of which Remuneration and social security: +€26,461
- Debts after one year +€16,528
up €16,528 (+476%), from €3,472 to €20,000
- Trade debts +€9,728
up €9,728 (+13.5%), from €71,823 to €81,551
- Profit (loss) carried forward +€9,470
up €9,470 (+2.6%), from -€358,225 to -€348,755
- Staff costs -€128,729
down €128,729 (-72.6%), from €177,417 to €48,688
- Gross operating margin -€22,736
down €22,736 (-18.7%), from €121,683 to €98,946
- Depreciation +€3,652
up €3,652 (+11.6%), from €31,452 to €35,104
- Financial charges -€3,463
down €3,463 (-60.2%), from €5,750 to €2,288
- Other operating charges -€1,686
down €1,686 (-33.2%), from €5,082 to €3,397
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 | €188,272 | €431,531 | +€243,259 | +129% |
| Fixed assets | 21/28 | €169,672 | €304,101 | +€134,429 | +79.2% |
| Intangible fixed assets | 21 | - | €3,146 | +€3,146 | |
| Tangible fixed assets | 22/27 | €169,672 | €300,955 | +€131,283 | +77.4% |
| Plant, machinery and equipment | 23 | €34,961 | €34,921 | -€40 | -0.1% |
| Furniture and vehicles | 24 | €5,471 | €22,662 | +€17,192 | +314% |
| Other tangible fixed assets | 26 | €129,241 | €243,372 | +€114,131 | +88.3% |
| Current assets | 29/58 | €18,600 | €127,430 | +€108,831 | +585% |
| Stocks and contracts in progress | 3 | - | €5,897 | +€5,897 | |
| Stocks | 30/36 | - | €5,897 | +€5,897 | |
| Amounts receivable within one year | 40/41 | €13,673 | €80,688 | +€67,016 | +490% |
| Trade receivables | 40 | - | €76,092 | +€76,092 | |
| Other amounts receivable | 41 | €13,673 | €4,596 | -€9,076 | -66.4% |
| Cash at bank and in hand | 54/58 | €1,323 | €31,643 | +€30,321 | +2,293% |
| Deferred charges and accrued income | 490/1 | €3,605 | €9,201 | +€5,597 | +155% |
| Total equity and liabilities | 10/49 | €188,272 | €431,531 | +€243,259 | +129% |
| Equity | 10/15 | -€343,225 | -€333,755 | +€9,470 | +2.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€358,225 | -€348,755 | +€9,470 | +2.6% |
| Amounts payable | 17/49 | €531,497 | €765,286 | +€233,790 | +44.0% |
| Amounts payable after more than one year | 17 | €3,472 | €20,000 | +€16,528 | +476% |
| Financial debts | 170/4 | €3,472 | €20,000 | +€16,528 | +476% |
| Amounts payable within one year | 42/48 | €528,025 | €744,292 | +€216,267 | +41.0% |
| Current portion of amounts payable after more than one year | 42 | €10,294 | €3,472 | -€6,822 | -66.3% |
| Trade debts | 44 | €71,823 | €81,551 | +€9,728 | +13.5% |
| Suppliers | 440/4 | €71,823 | €81,551 | +€9,728 | +13.5% |
| Advances received on contracts in progress | 46 | - | €6,677 | +€6,677 | |
| Taxes, remuneration and social security | 45 | - | €28,289 | +€28,289 | |
| Taxes | 450/3 | - | €1,829 | +€1,829 | |
| Remuneration and social security | 454/9 | - | €26,461 | +€26,461 | |
| Other amounts payable | 47/48 | €445,908 | €624,303 | +€178,395 | +40.0% |
| Accrued charges and deferred income | 492/3 | - | €994 | +€994 | |
| Non-recurring operating income | 76A | - | €150,000 | +€150,000 | |
| Remuneration, social security and pensions | 62 | €177,417 | €48,688 | -€128,729 | -72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,452 | €35,104 | +€3,652 | +11.6% |
| Other operating charges | 640/8 | €5,082 | €3,397 | -€1,686 | -33.2% |
| Non-recurring operating charges | 66A | €14,447 | - | -€14,447 | |
| Gross operating margin | 9900 | €121,683 | €98,946 | -€22,736 | -18.7% |
| Operating profit (loss) | 9901 | -€106,716 | €11,757 | +€118,473 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -95.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -95.3% |
| Financial charges | 65/66B | €5,750 | €2,288 | -€3,463 | -60.2% |
| Recurring financial charges | 65 | €5,750 | €2,288 | -€3,463 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | -€112,465 | €9,470 | +€121,934 | |
| Profit (loss) for the period | 9904 | -€112,465 | €9,470 | +€121,934 | |
| Profit (loss) for the period to be appropriated | 9905 | -€112,465 | €9,470 | +€121,934 |
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 15 October 2026 via checked.be.