STBL HOLDING: what changed
STBL HOLDING
Largest movements
- Receivables within one year -€153,405
down €153,405 (-10.1%), from €1.5m to €1.4m
- Tangible fixed assets +€98,523
up €98,523 (+18.0%), from €548,115 to €646,639
- Cash +€24,631
up €24,631 (+1,335%), from €1,846 to €26,477
mainly Receivables within one year (+€153,405) and Deferred charges and accrued income (+€6,391)
- Profit (loss) carried forward -€40,966
down €40,966 (-5.0%), from -€823,268 to -€864,234
- Gross operating margin +€5,922
up €5,922 (+28.8%), from -€20,552 to -€14,630
- Financial charges -€818
down €818 (-3.0%), from €27,154 to €26,335
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,287,299 | €2,243,308 | -€43,991 | -1.9% |
| Fixed assets | 21/28 | €749,577 | €840,750 | +€91,173 | +12.2% |
| Tangible fixed assets | 22/27 | €548,115 | €646,639 | +€98,523 | +18.0% |
| Plant, machinery and equipment | 23 | €548,115 | €646,639 | +€98,523 | +18.0% |
| Financial fixed assets | 28 | €201,461 | €194,111 | -€7,350 | -3.6% |
| Current assets | 29/58 | €1,537,723 | €1,402,558 | -€135,165 | -8.8% |
| Amounts receivable within one year | 40/41 | €1,517,770 | €1,364,365 | -€153,405 | -10.1% |
| Other amounts receivable | 41 | €1,517,770 | €1,364,365 | -€153,405 | -10.1% |
| Cash at bank and in hand | 54/58 | €1,846 | €26,477 | +€24,631 | +1,335% |
| Deferred charges and accrued income | 490/1 | €18,107 | €11,716 | -€6,391 | -35.3% |
| Total equity and liabilities | 10/49 | €2,287,299 | €2,243,308 | -€43,991 | -1.9% |
| Equity | 10/15 | -€308,268 | -€349,234 | -€40,966 | -13.3% |
| Contributions | 10/11 | €515,000 | €515,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€823,268 | -€864,234 | -€40,966 | -5.0% |
| Amounts payable | 17/49 | €2,595,567 | €2,592,542 | -€3,026 | -0.1% |
| Amounts payable within one year | 42/48 | €2,595,567 | €2,592,542 | -€3,026 | -0.1% |
| Trade debts | 44 | €5,853 | €3,983 | -€1,869 | -31.9% |
| Suppliers | 440/4 | €5,853 | €3,983 | -€1,869 | -31.9% |
| Taxes, remuneration and social security | 45 | - | €2,220 | +€2,220 | |
| Taxes | 450/3 | - | €2,220 | +€2,220 | |
| Other amounts payable | 47/48 | €2,589,715 | €2,586,338 | -€3,376 | -0.1% |
| Gross operating margin | 9900 | -€20,552 | -€14,630 | +€5,922 | +28.8% |
| Operating profit (loss) | 9901 | -€20,552 | -€14,630 | +€5,922 | +28.8% |
| Financial charges | 65/66B | €27,154 | €26,335 | -€818 | -3.0% |
| Recurring financial charges | 65 | €27,154 | €26,335 | -€818 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€47,706 | -€40,966 | +€6,740 | +14.1% |
| Profit (loss) for the period | 9904 | -€47,706 | -€40,966 | +€6,740 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,706 | -€40,966 | +€6,740 | +14.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.