STOKI: what changed
Two fiscal 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.
STOKI
Largest movements
- Tangible fixed assets +€299,390
up €299,390 (+45.5%), from €658,468 to €957,858
of which Plant, machinery and equipment: +€160,318
- Cash +€20,802
up €20,802 (+35.0%), from €59,388 to €80,191
mainly Other debts (+€200,837) and Contributions, distributions and other (+€200,000)
- Intangible fixed assets -€15,074
down €15,074 (-12.1%), from €125,000 to €109,926
- Other debts +€200,837
up €200,837 (+102.7%), from €195,495 to €396,332
- Contributions +€200,000
up €200,000 (+200.0%), from €100,000 to €300,000
- Profit (loss) carried forward -€93,769
down €93,769 (-57.7%), from -€162,557 to -€256,326
- Depreciation +€28,572
up €28,572 (+53.9%), from €53,022 to €81,594
- Gross operating margin +€17,960
up €17,960 (+248.9%), from €7,216 to €25,176
- Financial charges +€3,826
up €3,826 (+12.9%), from €29,619 to €33,446
- Other operating charges +€2,455
up €2,455 (+169.3%), from €1,450 to €3,905
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.
Cash bridge derived
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 | €864,411 | €1,168,826 | +€304,414 | +35.2% |
| Formation expenses | 20 | €16,563 | €11,148 | -€5,415 | -32.7% |
| Fixed assets | 21/28 | €783,468 | €1,067,784 | +€284,316 | +36.3% |
| Intangible fixed assets | 21 | €125,000 | €109,926 | -€15,074 | -12.1% |
| Tangible fixed assets | 22/27 | €658,468 | €957,858 | +€299,390 | +45.5% |
| Land and buildings | 22 | €210,000 | €360,000 | +€150,000 | +71.4% |
| Plant, machinery and equipment | 23 | €187,278 | €347,596 | +€160,318 | +85.6% |
| Furniture and vehicles | 24 | €34,334 | €40,224 | +€5,890 | +17.2% |
| Leasing and similar rights | 25 | €226,857 | €210,038 | -€16,819 | -7.4% |
| Current assets | 29/58 | €64,379 | €89,893 | +€25,514 | +39.6% |
| Amounts receivable within one year | 40/41 | €4,991 | €8,883 | +€3,892 | +78.0% |
| Trade receivables | 40 | €2,992 | €4,819 | +€1,826 | +61.0% |
| Other amounts receivable | 41 | €1,999 | €4,064 | +€2,065 | +103.3% |
| Cash at bank and in hand | 54/58 | €59,388 | €80,191 | +€20,802 | +35.0% |
| Deferred charges and accrued income | 490/1 | €0 | €820 | +€820 | |
| Total equity and liabilities | 10/49 | €864,411 | €1,168,826 | +€304,414 | +35.2% |
| Equity | 10/15 | -€62,557 | €43,674 | +€106,231 | |
| Contributions | 10/11 | €100,000 | €300,000 | +€200,000 | +200.0% |
| Profit (loss) carried forward | 14 | -€162,557 | -€256,326 | -€93,769 | -57.7% |
| Amounts payable | 17/49 | €926,968 | €1,125,151 | +€198,183 | +21.4% |
| Amounts payable after more than one year | 17 | €647,035 | €639,326 | -€7,708 | -1.2% |
| Financial debts | 170/4 | €635,735 | €621,426 | -€14,308 | -2.3% |
| Other amounts payable | 178/9 | €11,300 | €17,900 | +€6,600 | +58.4% |
| Amounts payable within one year | 42/48 | €279,852 | €484,681 | +€204,830 | +73.2% |
| Current portion of amounts payable after more than one year | 42 | €7,021 | €14,308 | +€7,287 | +103.8% |
| Trade debts | 44 | €77,335 | €74,040 | -€3,295 | -4.3% |
| Suppliers | 440/4 | €77,335 | €74,040 | -€3,295 | -4.3% |
| Other amounts payable | 47/48 | €195,495 | €396,332 | +€200,837 | +102.7% |
| Accrued charges and deferred income | 492/3 | €82 | €1,144 | +€1,062 | +1297.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,022 | €81,594 | +€28,572 | +53.9% |
| Other operating charges | 640/8 | €1,450 | €3,905 | +€2,455 | +169.3% |
| Gross operating margin | 9900 | €7,216 | €25,176 | +€17,960 | +248.9% |
| Operating profit (loss) | 9901 | -€47,256 | -€60,323 | -€13,067 | -27.7% |
| Financial charges | 65/66B | €29,619 | €33,446 | +€3,826 | +12.9% |
| Recurring financial charges | 65 | €29,619 | €33,446 | +€3,826 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | -€76,876 | -€93,769 | -€16,893 | -22.0% |
| Profit (loss) for the period | 9904 | -€76,876 | -€93,769 | -€16,893 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,876 | -€93,769 | -€16,893 | -22.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.