STACHBUD: 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.
STACHBUD
Largest movements
- Tangible fixed assets -€34,064
down €34,064 (-4.8%), from €709,066 to €675,002
of which Land and buildings: -€33,060
- Receivables within one year +€20,465
up €20,465 (+21.4%), from €95,700 to €116,165
of which Other amounts receivable: +€21,531
- Debts after one year -€49,224
down €49,224 (-10.7%), from €458,576 to €409,353
of which Financial debts: -€46,474
- Other debts +€46,000
new in 2025: €46,000
- Profit (loss) carried forward -€35,000
down €35,000 (-37.7%), from €92,844 to €57,844
- Reserves +€14,355
up €14,355 (+10.5%), from €137,200 to €151,555
- Trade debts +€13,627
up €13,627 (+142%), from €9,604 to €23,230
- Gross operating margin +€14,724
up €14,724 (+19.6%), from €74,940 to €89,664
- Depreciation -€4,769
down €4,769 (-12.3%), from €38,833 to €34,064
- Taxes +€4,749
up €4,749 (+78.5%), from €6,053 to €10,802
- Financial charges +€4,090
up €4,090 (+24.4%), from €16,766 to €20,856
- Other operating charges -€1,526
down €1,526 (-26.7%), from €5,726 to €4,200
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 | €811,617 | €796,776 | -€14,841 | -1.8% |
| Fixed assets | 21/28 | €711,666 | €677,602 | -€34,064 | -4.8% |
| Tangible fixed assets | 22/27 | €709,066 | €675,002 | -€34,064 | -4.8% |
| Land and buildings | 22 | €706,857 | €673,796 | -€33,060 | -4.7% |
| Plant, machinery and equipment | 23 | €1,207 | €597 | -€610 | -50.5% |
| Furniture and vehicles | 24 | €1,002 | €609 | -€393 | -39.2% |
| Financial fixed assets | 28 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €99,951 | €119,174 | +€19,223 | +19.2% |
| Amounts receivable within one year | 40/41 | €95,700 | €116,165 | +€20,465 | +21.4% |
| Trade receivables | 40 | €5,740 | €4,674 | -€1,066 | -18.6% |
| Other amounts receivable | 41 | €89,960 | €111,492 | +€21,531 | +23.9% |
| Cash at bank and in hand | 54/58 | €851 | €1 | -€850 | -99.9% |
| Deferred charges and accrued income | 490/1 | €3,400 | €3,008 | -€392 | -11.5% |
| Total equity and liabilities | 10/49 | €811,617 | €796,776 | -€14,841 | -1.8% |
| Equity | 10/15 | €238,104 | €217,459 | -€20,645 | -8.7% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €137,200 | €151,555 | +€14,355 | +10.5% |
| Distributable reserves | 133 | €137,200 | €151,555 | +€14,355 | +10.5% |
| Profit (loss) carried forward | 14 | €92,844 | €57,844 | -€35,000 | -37.7% |
| Amounts payable | 17/49 | €573,513 | €579,317 | +€5,805 | +1.0% |
| Amounts payable after more than one year | 17 | €458,576 | €409,353 | -€49,224 | -10.7% |
| Financial debts | 170/4 | €452,976 | €406,503 | -€46,474 | -10.3% |
| Other amounts payable | 178/9 | €5,600 | €2,850 | -€2,750 | -49.1% |
| Amounts payable within one year | 42/48 | €114,937 | €169,965 | +€55,028 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | €46,974 | €50,328 | +€3,354 | +7.1% |
| Financial debts | 43 | €28,217 | €33,231 | +€5,014 | +17.8% |
| Credit institutions | 430/8 | €28,217 | €33,231 | +€5,014 | +17.8% |
| Trade debts | 44 | €9,604 | €23,230 | +€13,627 | +142% |
| Suppliers | 440/4 | €9,604 | €23,230 | +€13,627 | +142% |
| Taxes, remuneration and social security | 45 | €30,142 | €17,175 | -€12,967 | -43.0% |
| Taxes | 450/3 | €30,142 | €17,175 | -€12,967 | -43.0% |
| Other amounts payable | 47/48 | - | €46,000 | +€46,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,833 | €34,064 | -€4,769 | -12.3% |
| Other operating charges | 640/8 | €5,726 | €4,200 | -€1,526 | -26.7% |
| Gross operating margin | 9900 | €74,940 | €89,664 | +€14,724 | +19.6% |
| Operating profit (loss) | 9901 | €30,381 | €51,400 | +€21,019 | +69.2% |
| Financial income | 75/76B | €4,680 | €5,612 | +€933 | +19.9% |
| Recurring financial income | 75 | €4,680 | €5,612 | +€933 | +19.9% |
| Financial charges | 65/66B | €16,766 | €20,856 | +€4,090 | +24.4% |
| Recurring financial charges | 65 | €16,766 | €20,856 | +€4,090 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €18,295 | €36,157 | +€17,861 | +97.6% |
| Income taxes | 67/77 | €6,053 | €10,802 | +€4,749 | +78.5% |
| Profit (loss) for the period | 9904 | €12,243 | €25,355 | +€13,112 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €12,243 | €25,355 | +€13,112 | +107% |
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 31 October 2026 via checked.be.