STUBAL: 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.
STUBAL
Largest movements
- Cash +€3,677
up €3,677 (+3335.5%), from €110 to €3,787
mainly Other debts (+€9,240)
- Other debts +€9,240
up €9,240 (+1215.9%), from €760 to €10,000
- Profit (loss) carried forward -€5,563
down €5,563 (-164.8%), from -€3,375 to -€8,939
- Gross operating margin -€320
down €320 (-11.4%), from -€2,817 to -€3,137
- Other operating charges +€84
up €84 (+3.8%), from €2,192 to €2,276
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 | €18,066 | €21,742 | +€3,677 | +20.4% |
| Fixed assets | 21/28 | €17,155 | €17,155 | = | 0.0% |
| Tangible fixed assets | 22/27 | €17,155 | €17,155 | = | 0.0% |
| Land and buildings | 22 | €17,155 | €17,155 | = | 0.0% |
| Current assets | 29/58 | €910 | €4,587 | +€3,677 | +403.9% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €110 | €3,787 | +€3,677 | +3335.5% |
| Deferred charges and accrued income | 490/1 | €800 | €800 | = | 0.0% |
| Total equity and liabilities | 10/49 | €18,066 | €21,742 | +€3,677 | +20.4% |
| Equity | 10/15 | €17,030 | €11,466 | -€5,563 | -32.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€3,375 | -€8,939 | -€5,563 | -164.8% |
| Amounts payable | 17/49 | €1,036 | €10,276 | +€9,240 | +892.0% |
| Amounts payable within one year | 42/48 | €1,036 | €10,276 | +€9,240 | +892.0% |
| Taxes, remuneration and social security | 45 | €276 | €276 | = | 0.0% |
| Taxes | 450/3 | €276 | €276 | = | 0.0% |
| Other amounts payable | 47/48 | €760 | €10,000 | +€9,240 | +1215.9% |
| Other operating charges | 640/8 | €2,192 | €2,276 | +€84 | +3.8% |
| Gross operating margin | 9900 | -€2,817 | -€3,137 | -€320 | -11.4% |
| Operating profit (loss) | 9901 | -€5,010 | -€5,413 | -€404 | -8.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,144 | -€5,563 | -€419 | -8.1% |
| Profit (loss) for the period | 9904 | -€5,144 | -€5,563 | -€419 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,144 | -€5,563 | -€419 | -8.1% |
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 3 October 2026 via checked.be.