STHILL WERKEN: 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.
STHILL WERKEN
Largest movements
- Receivables within one year +€40,588
up €40,588 (+25.7%), from €157,722 to €198,310
of which Trade receivables: +€31,730
- Tangible fixed assets -€11,257
down €11,257 (-41.2%), from €27,332 to €16,075
of which Furniture and vehicles: -€11,692
- Cash -€4,616
down €4,616 (-11.4%), from €40,396 to €35,780
mainly Receivables within one year (-€40,588) and Short-term financial debts (-€9,027)
- Trade debts +€29,208
up €29,208 (+55.5%), from €52,626 to €81,834
- Profit (loss) carried forward +€12,153
up €12,153 (+8.9%), from €136,568 to €148,721
- Short-term financial debts -€9,027
down €9,027 (-68.7%), from €13,135 to €4,108
- Tax, wage and social debts -€7,646
down €7,646 (-42.3%), from €18,064 to €10,418
- Purchases and services -€9,190
down €9,190 (-3.5%), from €264,080 to €254,890
- Depreciation +€7,822
up €7,822 (+112%), from €7,010 to €14,832
- Turnover -€5,022
down €5,022 (-1.7%), from €292,394 to €287,372
- Gross operating margin +€4,313
up €4,313 (+12.7%), from €34,022 to €38,335
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 | €227,871 | €252,356 | +€24,486 | +10.7% |
| Fixed assets | 21/28 | €27,332 | €16,075 | -€11,257 | -41.2% |
| Tangible fixed assets | 22/27 | €27,332 | €16,075 | -€11,257 | -41.2% |
| Plant, machinery and equipment | 23 | €1,630 | €2,065 | +€435 | +26.7% |
| Furniture and vehicles | 24 | €25,702 | €14,010 | -€11,692 | -45.5% |
| Current assets | 29/58 | €200,539 | €236,282 | +€35,742 | +17.8% |
| Amounts receivable within one year | 40/41 | €157,722 | €198,310 | +€40,588 | +25.7% |
| Trade receivables | 40 | €83,028 | €114,759 | +€31,730 | +38.2% |
| Other amounts receivable | 41 | €74,694 | €83,551 | +€8,857 | +11.9% |
| Cash at bank and in hand | 54/58 | €40,396 | €35,780 | -€4,616 | -11.4% |
| Deferred charges and accrued income | 490/1 | €2,421 | €2,191 | -€230 | -9.5% |
| Total equity and liabilities | 10/49 | €227,871 | €252,356 | +€24,486 | +10.7% |
| Equity | 10/15 | €140,568 | €152,721 | +€12,153 | +8.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,568 | €148,721 | +€12,153 | +8.9% |
| Amounts payable | 17/49 | €87,303 | €99,636 | +€12,332 | +14.1% |
| Amounts payable after more than one year | 17 | €3,479 | €3,275 | -€204 | -5.9% |
| Financial debts | 170/4 | €3,479 | €3,275 | -€204 | -5.9% |
| Amounts payable within one year | 42/48 | €83,824 | €96,361 | +€12,536 | +15.0% |
| Financial debts | 43 | €13,135 | €4,108 | -€9,027 | -68.7% |
| Credit institutions | 430/8 | €13,135 | €4,108 | -€9,027 | -68.7% |
| Trade debts | 44 | €52,626 | €81,834 | +€29,208 | +55.5% |
| Suppliers | 440/4 | €52,626 | €81,834 | +€29,208 | +55.5% |
| Taxes, remuneration and social security | 45 | €18,064 | €10,418 | -€7,646 | -42.3% |
| Taxes | 450/3 | €18,064 | €10,418 | -€7,646 | -42.3% |
| Turnover | 70 | €292,394 | €287,372 | -€5,022 | -1.7% |
| Non-recurring operating income | 76A | €5,708 | - | -€5,708 | |
| Goods, raw materials, services and sundry goods | 60/61 | €264,080 | €254,890 | -€9,190 | -3.5% |
| Remuneration, social security and pensions | 62 | €709 | €424 | -€285 | -40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,010 | €14,832 | +€7,822 | +112% |
| Other operating charges | 640/8 | €6,312 | €4,482 | -€1,831 | -29.0% |
| Gross operating margin | 9900 | €34,022 | €38,335 | +€4,313 | +12.7% |
| Operating profit (loss) | 9901 | €19,990 | €18,597 | -€1,393 | -7.0% |
| Financial income | 75/76B | €515 | €0 | -€514 | -99.9% |
| Recurring financial income | 75 | €515 | €0 | -€514 | -99.9% |
| Financial charges | 65/66B | €1,116 | €895 | -€221 | -19.8% |
| Recurring financial charges | 65 | €1,116 | €895 | -€221 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €19,389 | €17,702 | -€1,687 | -8.7% |
| Income taxes | 67/77 | €6,255 | €5,549 | -€706 | -11.3% |
| Profit (loss) for the period | 9904 | €13,134 | €12,153 | -€981 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,134 | €12,153 | -€981 | -7.5% |
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.