Stock Tuning: 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.
Stock Tuning
Largest movements
- Tangible fixed assets +€33,779
up €33,779 (+2,254%), from €1,499 to €35,277
of which Furniture and vehicles: +€28,789
- Receivables within one year +€5,851
new in 2025: €5,851
- Stocks and contracts -€3,596
down €3,596 (-24.3%), from €14,800 to €11,204
- Cash -€3,238
down €3,238 (-8.9%), from €36,417 to €33,179
mainly Investment in fixed assets (net) (-€40,654) and Receivables within one year (-€5,851)
- Debts after one year +€21,425
new in 2025: €21,425
- Current portion of long-term debt +€8,315
new in 2025: €8,315
- Profit (loss) carried forward +€6,863
up €6,863 (+32.3%), from €21,244 to €28,107
- Other debts -€3,644
down €3,644 (-37.5%), from €9,714 to €6,070
- Trade debts -€2,204
no longer reported in 2025 (was €2,204)
- Gross operating margin +€6,597
up €6,597 (+49.3%), from €13,390 to €19,987
- Depreciation +€5,375
up €5,375 (+234%), from €2,300 to €7,675
- Other operating charges +€1,990
up €1,990 (+230%), from €865 to €2,855
- Financial charges +€894
up €894 (+688%), from €130 to €1,024
- Taxes -€508
down €508 (-24.4%), from €2,080 to €1,572
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 | €59,833 | €91,894 | +€32,061 | +53.6% |
| Fixed assets | 21/28 | €7,899 | €40,877 | +€32,979 | +418% |
| Intangible fixed assets | 21 | €6,400 | €5,600 | -€800 | -12.5% |
| Tangible fixed assets | 22/27 | €1,499 | €35,277 | +€33,779 | +2,254% |
| Plant, machinery and equipment | 23 | - | €4,990 | +€4,990 | |
| Furniture and vehicles | 24 | €1,499 | €30,288 | +€28,789 | +1,921% |
| Current assets | 29/58 | €51,934 | €51,016 | -€918 | -1.8% |
| Stocks and contracts in progress | 3 | €14,800 | €11,204 | -€3,596 | -24.3% |
| Stocks | 30/36 | €14,800 | €11,204 | -€3,596 | -24.3% |
| Amounts receivable within one year | 40/41 | - | €5,851 | +€5,851 | |
| Other amounts receivable | 41 | - | €5,851 | +€5,851 | |
| Cash at bank and in hand | 54/58 | €36,417 | €33,179 | -€3,238 | -8.9% |
| Deferred charges and accrued income | 490/1 | €717 | €782 | +€65 | +9.1% |
| Total equity and liabilities | 10/49 | €59,833 | €91,894 | +€32,061 | +53.6% |
| Equity | 10/15 | €29,244 | €36,107 | +€6,863 | +23.5% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,244 | €28,107 | +€6,863 | +32.3% |
| Amounts payable | 17/49 | €30,589 | €55,787 | +€25,198 | +82.4% |
| Amounts payable after more than one year | 17 | - | €21,425 | +€21,425 | |
| Financial debts | 170/4 | - | €21,425 | +€21,425 | |
| Amounts payable within one year | 42/48 | €30,589 | €34,362 | +€3,773 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | - | €8,315 | +€8,315 | |
| Trade debts | 44 | €2,204 | - | -€2,204 | |
| Suppliers | 440/4 | €2,204 | - | -€2,204 | |
| Taxes, remuneration and social security | 45 | €18,671 | €19,978 | +€1,307 | +7.0% |
| Taxes | 450/3 | €12,671 | €10,978 | -€1,693 | -13.4% |
| Remuneration and social security | 454/9 | €6,000 | €9,000 | +€3,000 | +50.0% |
| Other amounts payable | 47/48 | €9,714 | €6,070 | -€3,644 | -37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,300 | €7,675 | +€5,375 | +234% |
| Other operating charges | 640/8 | €865 | €2,855 | +€1,990 | +230% |
| Gross operating margin | 9900 | €13,390 | €19,987 | +€6,597 | +49.3% |
| Operating profit (loss) | 9901 | €10,225 | €9,456 | -€768 | -7.5% |
| Financial income | 75/76B | €275 | €3 | -€272 | -98.9% |
| Recurring financial income | 75 | €275 | €3 | -€272 | -98.9% |
| Financial charges | 65/66B | €130 | €1,024 | +€894 | +688% |
| Recurring financial charges | 65 | €130 | €1,024 | +€894 | +688% |
| Profit (loss) for the period before taxes | 9903 | €10,370 | €8,435 | -€1,935 | -18.7% |
| Income taxes | 67/77 | €2,080 | €1,572 | -€508 | -24.4% |
| Profit (loss) for the period | 9904 | €8,290 | €6,863 | -€1,427 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,290 | €6,863 | -€1,427 | -17.2% |
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 13 October 2026 via checked.be.