STAVOMA: 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.
STAVOMA
Largest movements
- Stocks and contracts -€32,050
down €32,050 (-19.6%), from €163,368 to €131,319
- Cash +€6,168
up €6,168 (+9.7%), from €63,718 to €69,886
mainly Stocks and contracts (+€32,050) and Trade debts (+€9,029)
- Profit (loss) carried forward -€33,030
down €33,030 (-43.5%), from -€75,972 to -€109,002
- Trade debts +€9,029
up €9,029 (+84.1%), from €10,739 to €19,767
- Gross operating margin -€27,879
down €27,879 (-535%), from -€5,206 to -€33,085
- Financial charges -€376
down €376 (-11.8%), from €3,177 to €2,801
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 | €432,571 | €408,351 | -€24,220 | -5.6% |
| Current assets | 29/58 | €432,571 | €408,351 | -€24,220 | -5.6% |
| Stocks and contracts in progress | 3 | €163,368 | €131,319 | -€32,050 | -19.6% |
| Stocks | 30/36 | €163,368 | €131,319 | -€32,050 | -19.6% |
| Amounts receivable within one year | 40/41 | €35,010 | €36,671 | +€1,661 | +4.7% |
| Trade receivables | 40 | €17,244 | €17,189 | -€56 | -0.3% |
| Other amounts receivable | 41 | €17,765 | €19,483 | +€1,717 | +9.7% |
| Current investments | 50/53 | €170,475 | €170,475 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €63,718 | €69,886 | +€6,168 | +9.7% |
| Total equity and liabilities | 10/49 | €432,571 | €408,351 | -€24,220 | -5.6% |
| Equity | 10/15 | €421,614 | €388,584 | -€33,030 | -7.8% |
| Contributions | 10/11 | €474,789 | €474,789 | = | 0.0% |
| Reserves | 13 | €22,797 | €22,797 | = | 0.0% |
| Distributable reserves | 133 | €22,797 | €22,797 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,972 | -€109,002 | -€33,030 | -43.5% |
| Amounts payable | 17/49 | €10,958 | €19,767 | +€8,810 | +80.4% |
| Amounts payable within one year | 42/48 | €10,739 | €19,767 | +€9,029 | +84.1% |
| Trade debts | 44 | €10,739 | €19,767 | +€9,029 | +84.1% |
| Suppliers | 440/4 | €10,739 | €19,767 | +€9,029 | +84.1% |
| Accrued charges and deferred income | 492/3 | €219 | - | -€219 | |
| Other operating charges | 640/8 | €314 | €115 | -€198 | -63.3% |
| Gross operating margin | 9900 | -€5,206 | -€33,085 | -€27,879 | -535% |
| Operating profit (loss) | 9901 | -€5,520 | -€33,200 | -€27,680 | -501% |
| Financial income | 75/76B | €2,992 | €2,972 | -€20 | -0.7% |
| Recurring financial income | 75 | €2,992 | €2,972 | -€20 | -0.7% |
| Financial charges | 65/66B | €3,177 | €2,801 | -€376 | -11.8% |
| Recurring financial charges | 65 | €3,177 | €2,801 | -€376 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,705 | -€33,030 | -€27,324 | -479% |
| Profit (loss) for the period | 9904 | -€5,705 | -€33,030 | -€27,324 | -479% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,705 | -€33,030 | -€27,324 | -479% |
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 22 October 2026 via checked.be.