STOCKMAN: 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.
STOCKMAN
Largest movements
- Cash +€32,180
up €32,180 (+26.5%), from €121,550 to €153,730
mainly Net result for the year (+€31,469) and Depreciation (+€21,801)
- Tangible fixed assets -€20,551
down €20,551 (-15.8%), from €129,983 to €109,433
of which Land and buildings: -€14,171
- Stocks and contracts -€10,575
down €10,575 (-4.7%), from €227,275 to €216,700
- Trade debts -€36,218
down €36,218 (-37.2%), from €97,456 to €61,238
- Profit (loss) carried forward +€24,530
up €24,530, from -€24,530 to €0
- Current portion of long-term debt -€12,372
down €12,372 (-100%), from €12,372 to €0
- Tax, wage and social debts +€9,367
up €9,367 (+71.0%), from €13,200 to €22,567
of which Taxes: +€7,242
- Reserves +€6,940
up €6,940 (+3.0%), from €232,975 to €239,915
of which Distributable reserves: +€6,940
- Purchases and services -€24,742
down €24,742 (-4.1%), from €608,764 to €584,022
- Gross operating margin +€21,947
up €21,947 (+17.8%), from €123,282 to €145,229
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 | €598,208 | €593,910 | -€4,299 | -0.7% |
| Fixed assets | 21/28 | €139,667 | €117,867 | -€21,801 | -15.6% |
| Intangible fixed assets | 21 | €9,634 | €8,384 | -€1,250 | -13.0% |
| Tangible fixed assets | 22/27 | €129,983 | €109,433 | -€20,551 | -15.8% |
| Land and buildings | 22 | €112,690 | €98,519 | -€14,171 | -12.6% |
| Plant, machinery and equipment | 23 | €1,098 | €329 | -€769 | -70.1% |
| Furniture and vehicles | 24 | €16,195 | €10,585 | -€5,610 | -34.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €458,541 | €476,043 | +€17,502 | +3.8% |
| Stocks and contracts in progress | 3 | €227,275 | €216,700 | -€10,575 | -4.7% |
| Stocks | 30/36 | €227,275 | €216,700 | -€10,575 | -4.7% |
| Amounts receivable within one year | 40/41 | €108,131 | €102,766 | -€5,366 | -5.0% |
| Trade receivables | 40 | €108,131 | €102,766 | -€5,366 | -5.0% |
| Cash at bank and in hand | 54/58 | €121,550 | €153,730 | +€32,180 | +26.5% |
| Deferred charges and accrued income | 490/1 | €1,585 | €2,848 | +€1,263 | +79.7% |
| Total equity and liabilities | 10/49 | €598,208 | €593,910 | -€4,299 | -0.7% |
| Equity | 10/15 | €291,093 | €322,562 | +€31,469 | +10.8% |
| Contributions | 10/11 | €82,647 | €82,647 | = | 0.0% |
| Reserves | 13 | €232,975 | €239,915 | +€6,940 | +3.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €222,975 | €229,915 | +€6,940 | +3.1% |
| Profit (loss) carried forward | 14 | -€24,530 | €0 | +€24,530 | |
| Amounts payable | 17/49 | €307,116 | €271,348 | -€35,768 | -11.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €307,116 | €271,348 | -€35,768 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €12,372 | €0 | -€12,372 | -100% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €97,456 | €61,238 | -€36,218 | -37.2% |
| Suppliers | 440/4 | €97,456 | €61,238 | -€36,218 | -37.2% |
| Taxes, remuneration and social security | 45 | €13,200 | €22,567 | +€9,367 | +71.0% |
| Taxes | 450/3 | €6,287 | €13,530 | +€7,242 | +115% |
| Remuneration and social security | 454/9 | €6,913 | €9,037 | +€2,124 | +30.7% |
| Other amounts payable | 47/48 | €109,088 | €112,543 | +€3,456 | +3.2% |
| Turnover | 70 | €729,424 | €727,494 | -€1,930 | -0.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €608,764 | €584,022 | -€24,742 | -4.1% |
| Remuneration, social security and pensions | 62 | €76,686 | €70,627 | -€6,058 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,664 | €21,801 | -€6,863 | -23.9% |
| Other operating charges | 640/8 | €12,833 | €13,715 | +€882 | +6.9% |
| Gross operating margin | 9900 | €123,282 | €145,229 | +€21,947 | +17.8% |
| Operating profit (loss) | 9901 | €5,100 | €39,086 | +€33,987 | +666% |
| Financial income | 75/76B | €663 | €588 | -€75 | -11.3% |
| Recurring financial income | 75 | €663 | €588 | -€75 | -11.3% |
| Financial charges | 65/66B | €5,547 | €5,243 | -€304 | -5.5% |
| Recurring financial charges | 65 | €5,547 | €5,235 | -€312 | -5.6% |
| Non-recurring financial charges | 66B | - | €8 | +€8 | |
| Profit (loss) for the period before taxes | 9903 | €215 | €34,431 | +€34,216 | +15,901% |
| Income taxes | 67/77 | - | €2,961 | +€2,961 | |
| Profit (loss) for the period | 9904 | €215 | €31,469 | +€31,254 | +14,525% |
| Profit (loss) for the period to be appropriated | 9905 | €215 | €31,469 | +€31,254 | +14,525% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.