STOUT MARKETING: 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 MARKETING
Largest movements
- Tangible fixed assets -€14,769
down €14,769 (-100%), from €14,769 to €0
- Receivables within one year -€10,236
down €10,236 (-28.3%), from €36,161 to €25,924
- Cash -€5,028
down €5,028 (-11.4%), from €44,264 to €39,236
mainly Other debts (-€21,585) and Tax, wage and social debts (-€11,509)
- Other debts -€21,585
down €21,585 (-44.4%), from €48,598 to €27,013
- Tax, wage and social debts -€11,509
down €11,509 (-63.4%), from €18,156 to €6,647
- Trade debts +€1,708
up €1,708 (+578%), from €295 to €2,004
- Reserves +€1,352
up €1,352 (+5.5%), from €24,692 to €26,044
- Gross operating margin -€18,425
down €18,425 (-50.5%), from €36,484 to €18,060
- Taxes -€3,861
down €3,861 (-69.5%), from €5,559 to €1,698
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 | €95,193 | €65,160 | -€30,033 | -31.5% |
| Fixed assets | 21/28 | €14,769 | €0 | -€14,769 | -100% |
| Tangible fixed assets | 22/27 | €14,769 | €0 | -€14,769 | -100% |
| Furniture and vehicles | 24 | €14,769 | €0 | -€14,769 | -100% |
| Current assets | 29/58 | €80,425 | €65,160 | -€15,264 | -19.0% |
| Amounts receivable within one year | 40/41 | €36,161 | €25,924 | -€10,236 | -28.3% |
| Trade receivables | 40 | €36,161 | €25,924 | -€10,236 | -28.3% |
| Cash at bank and in hand | 54/58 | €44,264 | €39,236 | -€5,028 | -11.4% |
| Total equity and liabilities | 10/49 | €95,193 | €65,160 | -€30,033 | -31.5% |
| Equity | 10/15 | €26,692 | €28,044 | +€1,352 | +5.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €24,692 | €26,044 | +€1,352 | +5.5% |
| Distributable reserves | 133 | €24,692 | €26,044 | +€1,352 | +5.5% |
| Amounts payable | 17/49 | €68,501 | €37,116 | -€31,385 | -45.8% |
| Amounts payable within one year | 42/48 | €68,501 | €37,116 | -€31,385 | -45.8% |
| Trade debts | 44 | €295 | €2,004 | +€1,708 | +578% |
| Suppliers | 440/4 | €295 | €2,004 | +€1,708 | +578% |
| Advances received on contracts in progress | 46 | €1,452 | €1,452 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €18,156 | €6,647 | -€11,509 | -63.4% |
| Taxes | 450/3 | €18,156 | €6,647 | -€11,509 | -63.4% |
| Other amounts payable | 47/48 | €48,598 | €27,013 | -€21,585 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,932 | €14,769 | -€164 | -1.1% |
| Other operating charges | 640/8 | €182 | €186 | +€4 | +2.1% |
| Gross operating margin | 9900 | €36,484 | €18,060 | -€18,425 | -50.5% |
| Operating profit (loss) | 9901 | €21,370 | €3,105 | -€18,265 | -85.5% |
| Financial income | 75/76B | - | €51 | +€51 | |
| Recurring financial income | 75 | - | €51 | +€51 | |
| Financial charges | 65/66B | €104 | €106 | +€3 | +2.5% |
| Recurring financial charges | 65 | €104 | €106 | +€3 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €21,267 | €3,050 | -€18,216 | -85.7% |
| Income taxes | 67/77 | €5,559 | €1,698 | -€3,861 | -69.5% |
| Profit (loss) for the period | 9904 | €15,707 | €1,352 | -€14,355 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,707 | €1,352 | -€14,355 | -91.4% |
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 27 October 2026 via checked.be.