STOVIE: 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.
STOVIE
Largest movements
- Tangible fixed assets -€73,987
down €73,987 (-9.2%), from €807,942 to €733,954
of which Land and buildings: -€48,840
- Intangible fixed assets -€30,000
down €30,000 (-33.3%), from €90,000 to €60,000
- Receivables within one year -€18,825
down €18,825 (-14.5%), from €130,152 to €111,326
of which Trade receivables: -€19,293
- Stocks and contracts -€18,457
down €18,457 (-15.1%), from €122,500 to €104,044
- Cash +€15,328
up €15,328 (+48.0%), from €31,900 to €47,228
mainly Depreciation (+€107,338) and Receivables within one year (+€18,825)
- Debts after one year -€93,851
down €93,851 (-13.4%), from €698,062 to €604,211
- Trade debts -€25,752
down €25,752 (-12.3%), from €208,564 to €182,812
- Current portion of long-term debt -€20,244
down €20,244 (-17.7%), from €114,060 to €93,815
- Financial charges -€8,275
down €8,275 (-25.5%), from €32,498 to €24,223
- Staff costs +€7,780
up €7,780 (+10.7%), from €72,573 to €80,352
- Taxes +€4,153
up €4,153 (+2046.5%), from €203 to €4,355
- Financial income +€2,338
up €2,338 (+48.0%), from €4,875 to €7,213
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 | €1,182,900 | €1,056,959 | -€125,941 | -10.6% |
| Fixed assets | 21/28 | €898,348 | €794,361 | -€103,987 | -11.6% |
| Intangible fixed assets | 21 | €90,000 | €60,000 | -€30,000 | -33.3% |
| Tangible fixed assets | 22/27 | €807,942 | €733,954 | -€73,987 | -9.2% |
| Land and buildings | 22 | €716,713 | €667,872 | -€48,840 | -6.8% |
| Plant, machinery and equipment | 23 | €12,295 | €9,541 | -€2,753 | -22.4% |
| Furniture and vehicles | 24 | €78,934 | €56,541 | -€22,393 | -28.4% |
| Financial fixed assets | 28 | €406 | €406 | = | 0.0% |
| Current assets | 29/58 | €284,553 | €262,598 | -€21,954 | -7.7% |
| Stocks and contracts in progress | 3 | €122,500 | €104,044 | -€18,457 | -15.1% |
| Stocks | 30/36 | €122,500 | €104,044 | -€18,457 | -15.1% |
| Amounts receivable within one year | 40/41 | €130,152 | €111,326 | -€18,825 | -14.5% |
| Trade receivables | 40 | €129,862 | €110,569 | -€19,293 | -14.9% |
| Other amounts receivable | 41 | €290 | €757 | +€467 | +161.1% |
| Cash at bank and in hand | 54/58 | €31,900 | €47,228 | +€15,328 | +48.0% |
| Total equity and liabilities | 10/49 | €1,182,900 | €1,056,959 | -€125,941 | -10.6% |
| Equity | 10/15 | €100,549 | €107,808 | +€7,259 | +7.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €94,349 | €101,608 | +€7,259 | +7.7% |
| Distributable reserves | 133 | €94,349 | €101,608 | +€7,259 | +7.7% |
| Amounts payable | 17/49 | €1,082,351 | €949,151 | -€133,200 | -12.3% |
| Amounts payable after more than one year | 17 | €698,062 | €604,211 | -€93,851 | -13.4% |
| Financial debts | 170/4 | €698,062 | €604,211 | -€93,851 | -13.4% |
| Amounts payable within one year | 42/48 | €384,289 | €344,939 | -€39,350 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €114,060 | €93,815 | -€20,244 | -17.7% |
| Trade debts | 44 | €208,564 | €182,812 | -€25,752 | -12.3% |
| Suppliers | 440/4 | €208,564 | €182,812 | -€25,752 | -12.3% |
| Taxes, remuneration and social security | 45 | €36,321 | €40,238 | +€3,917 | +10.8% |
| Taxes | 450/3 | €23,604 | €29,627 | +€6,023 | +25.5% |
| Remuneration and social security | 454/9 | €12,717 | €10,611 | -€2,106 | -16.6% |
| Other amounts payable | 47/48 | €25,345 | €28,074 | +€2,729 | +10.8% |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €72,573 | €80,352 | +€7,780 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,116 | €107,338 | +€222 | +0.2% |
| Other operating charges | 640/8 | €7,157 | €7,627 | +€470 | +6.6% |
| Gross operating margin | 9900 | €224,422 | €223,941 | -€481 | -0.2% |
| Operating profit (loss) | 9901 | €37,577 | €28,624 | -€8,952 | -23.8% |
| Financial income | 75/76B | €4,875 | €7,213 | +€2,338 | +48.0% |
| Recurring financial income | 75 | €4,875 | €7,213 | +€2,338 | +48.0% |
| Financial charges | 65/66B | €32,498 | €24,223 | -€8,275 | -25.5% |
| Recurring financial charges | 65 | €32,498 | €24,223 | -€8,275 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €9,954 | €11,614 | +€1,661 | +16.7% |
| Income taxes | 67/77 | €203 | €4,355 | +€4,153 | +2046.5% |
| Profit (loss) for the period | 9904 | €9,751 | €7,259 | -€2,492 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,751 | €7,259 | -€2,492 | -25.6% |
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.