STACUBO: 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.
STACUBO
Largest movements
- Cash -€284,136
down €284,136 (-99.6%), from €285,238 to €1,102
mainly Short-term financial debts (-€150,000) and Receivables within one year (-€67,602)
- Receivables within one year +€67,602
up €67,602 (+13.6%), from €497,504 to €565,105
of which Other amounts receivable: +€68,728
- Short-term financial debts -€150,000
no longer reported in 2025 (was €150,000)
- Reserves -€25,940
down €25,940 (-3.5%), from €741,015 to €715,074
- Taxes -€158,598
down €158,598 (-98.1%), from €161,704 to €3,106
- Gross operating margin +€31,328
up €31,328, from -€1,374 to €29,954
- Financial income +€8,384
up €8,384 (+71.3%), from €11,758 to €20,142
- Financial charges -€4,114
down €4,114 (-17.8%), from €23,096 to €18,982
- Other operating charges -€1,463
down €1,463 (-40.9%), from €3,580 to €2,116
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 | €1,340,646 | €1,129,368 | -€211,278 | -15.8% |
| Fixed assets | 21/28 | €316,550 | €316,550 | = | 0.0% |
| Tangible fixed assets | 22/27 | €314,050 | €314,050 | = | 0.0% |
| Land and buildings | 22 | €234,050 | €234,050 | = | 0.0% |
| Other tangible fixed assets | 26 | €80,000 | €80,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €1,024,096 | €812,818 | -€211,278 | -20.6% |
| Stocks and contracts in progress | 3 | €220,000 | €220,000 | = | 0.0% |
| Stocks | 30/36 | €220,000 | €220,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €497,504 | €565,105 | +€67,602 | +13.6% |
| Trade receivables | 40 | €12,480 | €11,353 | -€1,127 | -9.0% |
| Other amounts receivable | 41 | €485,024 | €553,753 | +€68,728 | +14.2% |
| Cash at bank and in hand | 54/58 | €285,238 | €1,102 | -€284,136 | -99.6% |
| Deferred charges and accrued income | 490/1 | €21,355 | €26,611 | +€5,256 | +24.6% |
| Total equity and liabilities | 10/49 | €1,340,646 | €1,129,368 | -€211,278 | -15.8% |
| Equity | 10/15 | €897,352 | €871,411 | -€25,940 | -2.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €741,015 | €715,074 | -€25,940 | -3.5% |
| Distributable reserves | 133 | €741,015 | €715,074 | -€25,940 | -3.5% |
| Profit (loss) carried forward | 14 | €94,337 | €94,337 | = | 0.0% |
| Amounts payable | 17/49 | €443,295 | €257,957 | -€185,338 | -41.8% |
| Amounts payable after more than one year | 17 | €241,405 | €230,068 | -€11,337 | -4.7% |
| Financial debts | 170/4 | €241,405 | €230,068 | -€11,337 | -4.7% |
| Amounts payable within one year | 42/48 | €199,657 | €27,410 | -€172,247 | -86.3% |
| Current portion of amounts payable after more than one year | 42 | €11,711 | €12,259 | +€548 | +4.7% |
| Financial debts | 43 | €150,000 | - | -€150,000 | |
| Credit institutions | 430/8 | €150,000 | - | -€150,000 | |
| Trade debts | 44 | €24,080 | €12,425 | -€11,655 | -48.4% |
| Suppliers | 440/4 | €24,080 | €12,425 | -€11,655 | -48.4% |
| Taxes, remuneration and social security | 45 | €13,866 | €2,726 | -€11,140 | -80.3% |
| Taxes | 450/3 | €13,866 | €2,726 | -€11,140 | -80.3% |
| Accrued charges and deferred income | 492/3 | €2,233 | €479 | -€1,753 | -78.5% |
| Other operating charges | 640/8 | €3,580 | €2,116 | -€1,463 | -40.9% |
| Gross operating margin | 9900 | -€1,374 | €29,954 | +€31,328 | |
| Operating profit (loss) | 9901 | -€4,953 | €27,838 | +€32,791 | |
| Financial income | 75/76B | €11,758 | €20,142 | +€8,384 | +71.3% |
| Recurring financial income | 75 | €11,758 | €20,142 | +€8,384 | +71.3% |
| Financial charges | 65/66B | €23,096 | €18,982 | -€4,114 | -17.8% |
| Recurring financial charges | 65 | €23,096 | €18,982 | -€4,114 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,292 | €28,997 | +€45,289 | |
| Transfer from deferred taxes | 780 | €143,758 | - | -€143,758 | |
| Income taxes | 67/77 | €161,704 | €3,106 | -€158,598 | -98.1% |
| Profit (loss) for the period | 9904 | -€34,237 | €25,892 | +€60,129 | |
| Transfer from tax-exempt reserves | 789 | €373,274 | - | -€373,274 | |
| Profit (loss) for the period to be appropriated | 9905 | €339,037 | €25,892 | -€313,146 | -92.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.