STOCKMANS E.: 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.
STOCKMANS E.
Largest movements
- Tangible fixed assets +€34,742
up €34,742 (+193%), from €18,002 to €52,744
of which Other tangible fixed assets: +€24,909
- Cash -€17,061
down €17,061 (-79.4%), from €21,489 to €4,428
mainly Investment in fixed assets (net) (-€39,677) and Receivables within one year (-€3,507)
- Receivables within one year +€3,507
up €3,507 (+20.5%), from €17,116 to €20,623
of which Trade receivables: +€6,182
- Current investments -€3,068
down €3,068 (-14.1%), from €21,771 to €18,703
- Deferred charges and accrued income -€1,067
down €1,067 (-42.4%), from €2,518 to €1,451
- Trade debts +€7,947
up €7,947 (+417%), from €1,907 to €9,854
- Advances received +€5,301
up €5,301 (+129%), from €4,119 to €9,420
- Reserves +€2,516
up €2,516 (+6.3%), from €39,623 to €42,138
of which Distributable reserves: +€2,558
- Gross operating margin -€13,729
down €13,729 (-40.9%), from €33,580 to €19,851
- Financial charges +€4,523
up €4,523 (+114%), from €3,984 to €8,507
- Taxes -€2,985
down €2,985 (-63.8%), from €4,680 to €1,695
- Depreciation +€897
up €897 (+22.2%), from €4,039 to €4,935
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 | €82,396 | €99,450 | +€17,054 | +20.7% |
| Fixed assets | 21/28 | €18,002 | €52,744 | +€34,742 | +193% |
| Tangible fixed assets | 22/27 | €18,002 | €52,744 | +€34,742 | +193% |
| Plant, machinery and equipment | 23 | €2,146 | €13,497 | +€11,351 | +529% |
| Furniture and vehicles | 24 | €3,476 | €1,957 | -€1,518 | -43.7% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €12,380 | €37,289 | +€24,909 | +201% |
| Current assets | 29/58 | €64,394 | €46,706 | -€17,688 | -27.5% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,116 | €20,623 | +€3,507 | +20.5% |
| Trade receivables | 40 | €1,911 | €8,093 | +€6,182 | +324% |
| Other amounts receivable | 41 | €15,206 | €12,531 | -€2,675 | -17.6% |
| Current investments | 50/53 | €21,771 | €18,703 | -€3,068 | -14.1% |
| Cash at bank and in hand | 54/58 | €21,489 | €4,428 | -€17,061 | -79.4% |
| Deferred charges and accrued income | 490/1 | €2,518 | €1,451 | -€1,067 | -42.4% |
| Total equity and liabilities | 10/49 | €82,396 | €99,450 | +€17,054 | +20.7% |
| Equity | 10/15 | €46,623 | €49,138 | +€2,516 | +5.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €39,623 | €42,138 | +€2,516 | +6.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €6,665 | €6,623 | -€42 | -0.6% |
| Distributable reserves | 133 | €32,957 | €35,515 | +€2,558 | +7.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €2,222 | €2,208 | -€14 | -0.6% |
| Deferred taxes | 168 | €2,222 | €2,208 | -€14 | -0.6% |
| Amounts payable | 17/49 | €33,552 | €48,104 | +€14,552 | +43.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €33,552 | €48,104 | +€14,552 | +43.4% |
| Current portion of amounts payable after more than one year | 42 | €1,667 | €1,667 | +€0 | 0.0% |
| Trade debts | 44 | €1,907 | €9,854 | +€7,947 | +417% |
| Suppliers | 440/4 | €1,907 | €9,854 | +€7,947 | +417% |
| Advances received on contracts in progress | 46 | €4,119 | €9,420 | +€5,301 | +129% |
| Taxes, remuneration and social security | 45 | €1,040 | €1,459 | +€419 | +40.3% |
| Taxes | 450/3 | €1,040 | €1,459 | +€419 | +40.3% |
| Other amounts payable | 47/48 | €24,819 | €25,704 | +€885 | +3.6% |
| Non-recurring operating income | 76A | €8,887 | €0 | -€8,887 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,039 | €4,935 | +€897 | +22.2% |
| Other operating charges | 640/8 | €1,680 | €1,587 | -€93 | -5.5% |
| Non-recurring operating charges | 66A | €0 | €750 | +€750 | |
| Gross operating margin | 9900 | €33,580 | €19,851 | -€13,729 | -40.9% |
| Operating profit (loss) | 9901 | €27,861 | €12,579 | -€15,282 | -54.9% |
| Financial income | 75/76B | €227 | €125 | -€102 | -45.0% |
| Recurring financial income | 75 | €227 | €125 | -€102 | -45.0% |
| Financial charges | 65/66B | €3,984 | €8,507 | +€4,523 | +114% |
| Recurring financial charges | 65 | €3,984 | €8,507 | +€4,523 | +114% |
| Profit (loss) for the period before taxes | 9903 | €24,103 | €4,196 | -€19,907 | -82.6% |
| Transfer from deferred taxes | 780 | - | €14 | +€14 | |
| Transfer to deferred taxes | 680 | €2,222 | €0 | -€2,222 | -100% |
| Income taxes | 67/77 | €4,680 | €1,695 | -€2,985 | -63.8% |
| Profit (loss) for the period | 9904 | €17,202 | €2,516 | -€14,687 | -85.4% |
| Transfer from tax-exempt reserves | 789 | - | €42 | +€42 | |
| Transfer to tax-exempt reserves | 689 | €6,665 | €0 | -€6,665 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €10,537 | €2,558 | -€7,979 | -75.7% |
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 25 October 2026 via checked.be.