STAKIM: 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.
STAKIM
Largest movements
- Receivables within one year +€372,484
up €372,484 (+49.2%), from €756,696 to €1.1m
- Other debts +€466,359
up €466,359 (+54.1%), from €862,016 to €1.3m
- Tax, wage and social debts -€127,128
down €127,128 (-63.7%), from €199,655 to €72,527
of which Remuneration and social security: -€134,616
- Reserves +€34,510
up €34,510 (+5.0%), from €691,293 to €725,803
of which Distributable reserves: +€34,510
- Gross operating margin -€16,301
down €16,301 (-20.3%), from €80,392 to €64,091
- Taxes -€3,302
down €3,302 (-19.2%), from €17,175 to €13,874
- Other operating charges +€2,033
up €2,033 (+51.5%), from €3,944 to €5,977
- Depreciation -€1,666
down €1,666 (-14.7%), from €11,372 to €9,706
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 | €1,846,585 | €2,214,583 | +€367,998 | +19.9% |
| Fixed assets | 21/28 | €1,086,591 | €1,076,885 | -€9,706 | -0.9% |
| Tangible fixed assets | 22/27 | €72,134 | €62,429 | -€9,706 | -13.5% |
| Land and buildings | 22 | €72,134 | €62,429 | -€9,706 | -13.5% |
| Financial fixed assets | 28 | €1,014,456 | €1,014,456 | = | 0.0% |
| Current assets | 29/58 | €759,994 | €1,137,699 | +€377,704 | +49.7% |
| Amounts receivable within one year | 40/41 | €756,696 | €1,129,180 | +€372,484 | +49.2% |
| Other amounts receivable | 41 | €756,696 | €1,129,180 | +€372,484 | +49.2% |
| Cash at bank and in hand | 54/58 | €3,298 | €8,518 | +€5,220 | +158% |
| Total equity and liabilities | 10/49 | €1,846,585 | €2,214,583 | +€367,998 | +19.9% |
| Equity | 10/15 | €753,293 | €787,803 | +€34,510 | +4.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €691,293 | €725,803 | +€34,510 | +5.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €685,093 | €719,603 | +€34,510 | +5.0% |
| Amounts payable | 17/49 | €1,093,292 | €1,426,781 | +€333,488 | +30.5% |
| Amounts payable after more than one year | 17 | €24,789 | €24,789 | = | 0.0% |
| Financial debts | 170/4 | €24,789 | €24,789 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,068,503 | €1,401,991 | +€333,488 | +31.2% |
| Trade debts | 44 | €6,831 | €1,089 | -€5,742 | -84.1% |
| Suppliers | 440/4 | €6,831 | €1,089 | -€5,742 | -84.1% |
| Taxes, remuneration and social security | 45 | €199,655 | €72,527 | -€127,128 | -63.7% |
| Taxes | 450/3 | €65,039 | €72,527 | +€7,488 | +11.5% |
| Remuneration and social security | 454/9 | €134,616 | - | -€134,616 | |
| Other amounts payable | 47/48 | €862,016 | €1,328,375 | +€466,359 | +54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,372 | €9,706 | -€1,666 | -14.7% |
| Other operating charges | 640/8 | €3,944 | €5,977 | +€2,033 | +51.5% |
| Gross operating margin | 9900 | €80,392 | €64,091 | -€16,301 | -20.3% |
| Operating profit (loss) | 9901 | €65,075 | €48,408 | -€16,668 | -25.6% |
| Financial charges | 65/66B | €149 | €24 | -€125 | -83.9% |
| Recurring financial charges | 65 | €149 | €24 | -€125 | -83.9% |
| Profit (loss) for the period before taxes | 9903 | €64,926 | €48,384 | -€16,543 | -25.5% |
| Income taxes | 67/77 | €17,175 | €13,874 | -€3,302 | -19.2% |
| Profit (loss) for the period | 9904 | €47,751 | €34,510 | -€13,241 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,751 | €34,510 | -€13,241 | -27.7% |
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 20 October 2026 via checked.be.