STOUVENACKERS: 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.
STOUVENACKERS
Largest movements
- Cash -€210,370
down €210,370 (-32.6%), from €645,200 to €434,830
mainly Stocks and contracts (-€191,758) and Receivables within one year (-€76,381)
- Stocks and contracts +€191,758
up €191,758 (+68.6%), from €279,527 to €471,285
- Receivables within one year +€76,381
up €76,381 (+44.5%), from €171,725 to €248,107
of which Other amounts receivable: +€62,809
- Tangible fixed assets -€17,793
down €17,793 (-3.5%), from €515,607 to €497,814
of which Land and buildings: -€14,831
- Reserves +€165,000
up €165,000 (+16.3%), from €1.0m to €1.2m
- Debts after one year -€63,616
down €63,616 (-19.1%), from €332,873 to €269,257
- Tax, wage and social debts -€53,489
down €53,489 (-32.5%), from €164,603 to €111,115
of which Taxes: -€53,585
- Other debts -€36,441
down €36,441 (-96.3%), from €37,823 to €1,382
- Trade debts +€20,534
up €20,534 (+42.1%), from €48,815 to €69,349
- Gross operating margin -€79,679
down €79,679 (-7.9%), from €1.0m to €929,243
- Staff costs +€39,456
up €39,456 (+6.8%), from €579,074 to €618,529
- Taxes -€25,577
down €25,577 (-30.2%), from €84,608 to €59,031
- Depreciation -€20,640
down €20,640 (-24.4%), from €84,731 to €64,091
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 | €1,682,237 | €1,710,186 | +€27,949 | +1.7% |
| Fixed assets | 21/28 | €515,607 | €497,814 | -€17,793 | -3.5% |
| Tangible fixed assets | 22/27 | €515,607 | €497,814 | -€17,793 | -3.5% |
| Land and buildings | 22 | €353,901 | €339,070 | -€14,831 | -4.2% |
| Plant, machinery and equipment | 23 | €58,835 | €55,873 | -€2,962 | -5.0% |
| Furniture and vehicles | 24 | €98,056 | €102,106 | +€4,049 | +4.1% |
| Leasing and similar rights | 25 | €4,815 | €766 | -€4,049 | -84.1% |
| Current assets | 29/58 | €1,166,630 | €1,212,373 | +€45,743 | +3.9% |
| Stocks and contracts in progress | 3 | €279,527 | €471,285 | +€191,758 | +68.6% |
| Stocks | 30/36 | €279,527 | €471,285 | +€191,758 | +68.6% |
| Amounts receivable within one year | 40/41 | €171,725 | €248,107 | +€76,381 | +44.5% |
| Trade receivables | 40 | €86,992 | €100,564 | +€13,572 | +15.6% |
| Other amounts receivable | 41 | €84,734 | €147,543 | +€62,809 | +74.1% |
| Cash at bank and in hand | 54/58 | €645,200 | €434,830 | -€210,370 | -32.6% |
| Deferred charges and accrued income | 490/1 | €70,178 | €58,151 | -€12,027 | -17.1% |
| Total equity and liabilities | 10/49 | €1,682,237 | €1,710,186 | +€27,949 | +1.7% |
| Equity | 10/15 | €1,028,734 | €1,195,843 | +€167,109 | +16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,010,000 | €1,175,000 | +€165,000 | +16.3% |
| Distributable reserves | 133 | €1,010,000 | €1,175,000 | +€165,000 | +16.3% |
| Profit (loss) carried forward | 14 | €134 | €2,243 | +€2,109 | +1570.1% |
| Amounts payable | 17/49 | €653,503 | €514,343 | -€139,159 | -21.3% |
| Amounts payable after more than one year | 17 | €332,873 | €269,257 | -€63,616 | -19.1% |
| Financial debts | 170/4 | €332,873 | €269,257 | -€63,616 | -19.1% |
| Amounts payable within one year | 42/48 | €320,630 | €245,087 | -€75,543 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €69,390 | €63,241 | -€6,149 | -8.9% |
| Trade debts | 44 | €48,815 | €69,349 | +€20,534 | +42.1% |
| Suppliers | 440/4 | €48,815 | €69,349 | +€20,534 | +42.1% |
| Taxes, remuneration and social security | 45 | €164,603 | €111,115 | -€53,489 | -32.5% |
| Taxes | 450/3 | €112,469 | €58,884 | -€53,585 | -47.6% |
| Remuneration and social security | 454/9 | €52,134 | €52,230 | +€96 | +0.2% |
| Other amounts payable | 47/48 | €37,823 | €1,382 | -€36,441 | -96.3% |
| Non-recurring operating income | 76A | €10,750 | €2,066 | -€8,683 | -80.8% |
| Remuneration, social security and pensions | 62 | €579,074 | €618,529 | +€39,456 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,731 | €64,091 | -€20,640 | -24.4% |
| Other operating charges | 640/8 | €8,679 | €8,943 | +€264 | +3.0% |
| Non-recurring operating charges | 66A | €723 | €627 | -€95 | -13.2% |
| Gross operating margin | 9900 | €1,008,922 | €929,243 | -€79,679 | -7.9% |
| Operating profit (loss) | 9901 | €335,716 | €237,052 | -€98,664 | -29.4% |
| Financial income | 75/76B | €3,805 | €1,694 | -€2,111 | -55.5% |
| Recurring financial income | 75 | €3,805 | €1,694 | -€2,111 | -55.5% |
| Financial charges | 65/66B | €11,550 | €12,606 | +€1,056 | +9.1% |
| Recurring financial charges | 65 | €11,550 | €12,606 | +€1,056 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €327,971 | €226,140 | -€101,831 | -31.0% |
| Income taxes | 67/77 | €84,608 | €59,031 | -€25,577 | -30.2% |
| Profit (loss) for the period | 9904 | €243,362 | €167,109 | -€76,254 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €243,362 | €167,109 | -€76,254 | -31.3% |
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 8 October 2026 via checked.be.