STOUT: 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.
STOUT
Largest movements
- Tangible fixed assets +€10,003
up €10,003 (+5.9%), from €168,349 to €178,352
of which Furniture and vehicles: +€19,219
- Cash -€8,880
down €8,880 (-35.2%), from €25,226 to €16,346
mainly Investment in fixed assets (net) (-€26,810) and Net result for the year (-€13,193)
- Profit (loss) carried forward -€13,193
down €13,193 (-77.6%), from €16,997 to €3,803
- Debts after one year +€7,987
up €7,987 (+5.2%), from €152,844 to €160,831
- Current portion of long-term debt +€4,223
up €4,223 (+72.1%), from €5,860 to €10,084
- Trade debts +€2,500
up €2,500 (+80.9%), from €3,091 to €5,591
- Tax, wage and social debts -€2,491
down €2,491 (-70.2%), from €3,548 to €1,057
of which Remuneration and social security: -€2,590
- Depreciation +€9,608
up €9,608 (+133.5%), from €7,199 to €16,807
- Gross operating margin -€4,418
down €4,418 (-28.4%), from €15,532 to €11,114
- Financial charges +€4,225
up €4,225 (+177.1%), from €2,386 to €6,611
- Taxes -€1,676
down €1,676 (-92.7%), from €1,808 to €132
- Other operating charges +€807
up €807 (+371.2%), from €217 to €1,024
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 | €195,879 | €198,963 | +€3,084 | +1.6% |
| Fixed assets | 21/28 | €168,349 | €178,352 | +€10,003 | +5.9% |
| Tangible fixed assets | 22/27 | €168,349 | €178,352 | +€10,003 | +5.9% |
| Land and buildings | 22 | €150,832 | €143,187 | -€7,645 | -5.1% |
| Plant, machinery and equipment | 23 | €17,517 | €15,946 | -€1,571 | -9.0% |
| Furniture and vehicles | 24 | - | €19,219 | +€19,219 | |
| Current assets | 29/58 | €27,530 | €20,611 | -€6,919 | -25.1% |
| Amounts receivable within one year | 40/41 | €2,305 | €3,756 | +€1,451 | +63.0% |
| Trade receivables | 40 | €0 | €3,557 | +€3,557 | |
| Other amounts receivable | 41 | €2,305 | €198 | -€2,106 | -91.4% |
| Cash at bank and in hand | 54/58 | €25,226 | €16,346 | -€8,880 | -35.2% |
| Deferred charges and accrued income | 490/1 | - | €510 | +€510 | |
| Total equity and liabilities | 10/49 | €195,879 | €198,963 | +€3,084 | +1.6% |
| Equity | 10/15 | €18,997 | €5,803 | -€13,193 | -69.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,997 | €3,803 | -€13,193 | -77.6% |
| Amounts payable | 17/49 | €176,882 | €193,160 | +€16,278 | +9.2% |
| Amounts payable after more than one year | 17 | €152,844 | €160,831 | +€7,987 | +5.2% |
| Financial debts | 170/4 | €152,844 | €160,831 | +€7,987 | +5.2% |
| Amounts payable within one year | 42/48 | €24,038 | €31,618 | +€7,580 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €5,860 | €10,084 | +€4,223 | +72.1% |
| Trade debts | 44 | €3,091 | €5,591 | +€2,500 | +80.9% |
| Suppliers | 440/4 | €3,091 | €5,591 | +€2,500 | +80.9% |
| Advances received on contracts in progress | 46 | - | €1,097 | +€1,097 | |
| Taxes, remuneration and social security | 45 | €3,548 | €1,057 | -€2,491 | -70.2% |
| Taxes | 450/3 | €958 | €1,057 | +€99 | +10.3% |
| Remuneration and social security | 454/9 | €2,590 | €0 | -€2,590 | -100.0% |
| Other amounts payable | 47/48 | €11,539 | €13,790 | +€2,251 | +19.5% |
| Accrued charges and deferred income | 492/3 | - | €710 | +€710 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,199 | €16,807 | +€9,608 | +133.5% |
| Other operating charges | 640/8 | €217 | €1,024 | +€807 | +371.2% |
| Gross operating margin | 9900 | €15,532 | €11,114 | -€4,418 | -28.4% |
| Operating profit (loss) | 9901 | €8,115 | -€6,717 | -€14,833 | |
| Financial income | 75/76B | €536 | €267 | -€269 | -50.2% |
| Recurring financial income | 75 | €536 | €267 | -€269 | -50.2% |
| Financial charges | 65/66B | €2,386 | €6,611 | +€4,225 | +177.1% |
| Recurring financial charges | 65 | €2,386 | €6,611 | +€4,225 | +177.1% |
| Profit (loss) for the period before taxes | 9903 | €6,266 | -€13,061 | -€19,327 | |
| Income taxes | 67/77 | €1,808 | €132 | -€1,676 | -92.7% |
| Profit (loss) for the period | 9904 | €4,458 | -€13,193 | -€17,651 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,458 | -€13,193 | -€17,651 |
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 10 October 2026 via checked.be.