STUBBATRANS: 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.
STUBBATRANS
Largest movements
- Tangible fixed assets -€42,643
down €42,643 (-22.3%), from €190,986 to €148,344
of which Furniture and vehicles: -€41,339
- Cash +€16,427
up €16,427 (+85.8%), from €19,137 to €35,564
mainly Depreciation (+€42,643) and Trade debts (+€13,162)
- Debts after one year -€41,889
down €41,889 (-38.4%), from €109,041 to €67,153
- Trade debts +€13,162
up €13,162 (+16.8%), from €78,508 to €91,670
- Other debts -€12,753
down €12,753 (-5.2%), from €244,182 to €231,429
- Tax, wage and social debts +€7,267
up €7,267 (+64.1%), from €11,330 to €18,596
of which Remuneration and social security: +€4,307
- Depreciation -€32,743
down €32,743 (-43.4%), from €75,386 to €42,643
- Staff costs +€20,347
up €20,347 (+16.2%), from €125,427 to €145,774
- Gross operating margin +€10,547
up €10,547 (+5.3%), from €199,106 to €209,653
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 | €316,092 | €285,961 | -€30,130 | -9.5% |
| Fixed assets | 21/28 | €192,902 | €150,290 | -€42,613 | -22.1% |
| Tangible fixed assets | 22/27 | €190,986 | €148,344 | -€42,643 | -22.3% |
| Plant, machinery and equipment | 23 | €2,727 | €1,424 | -€1,303 | -47.8% |
| Furniture and vehicles | 24 | €188,260 | €146,920 | -€41,339 | -22.0% |
| Financial fixed assets | 28 | €1,916 | €1,946 | +€30 | +1.6% |
| Current assets | 29/58 | €123,189 | €135,671 | +€12,482 | +10.1% |
| Amounts receivable within one year | 40/41 | €68,471 | €65,509 | -€2,962 | -4.3% |
| Trade receivables | 40 | €67,115 | €63,677 | -€3,437 | -5.1% |
| Other amounts receivable | 41 | €1,356 | €1,832 | +€475 | +35.0% |
| Cash at bank and in hand | 54/58 | €19,137 | €35,564 | +€16,427 | +85.8% |
| Deferred charges and accrued income | 490/1 | €35,581 | €34,599 | -€983 | -2.8% |
| Total equity and liabilities | 10/49 | €316,092 | €285,961 | -€30,130 | -9.5% |
| Equity | 10/15 | -€177,608 | -€174,611 | +€2,997 | +1.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€217,608 | -€214,611 | +€2,997 | +1.4% |
| Amounts payable | 17/49 | €493,699 | €460,572 | -€33,127 | -6.7% |
| Amounts payable after more than one year | 17 | €109,041 | €67,153 | -€41,889 | -38.4% |
| Financial debts | 170/4 | €109,041 | €67,153 | -€41,889 | -38.4% |
| Amounts payable within one year | 42/48 | €374,356 | €383,583 | +€9,228 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €40,336 | €41,889 | +€1,552 | +3.8% |
| Trade debts | 44 | €78,508 | €91,670 | +€13,162 | +16.8% |
| Suppliers | 440/4 | €78,508 | €91,670 | +€13,162 | +16.8% |
| Taxes, remuneration and social security | 45 | €11,330 | €18,596 | +€7,267 | +64.1% |
| Taxes | 450/3 | €8,226 | €11,185 | +€2,959 | +36.0% |
| Remuneration and social security | 454/9 | €3,103 | €7,411 | +€4,307 | +139% |
| Other amounts payable | 47/48 | €244,182 | €231,429 | -€12,753 | -5.2% |
| Accrued charges and deferred income | 492/3 | €10,302 | €9,836 | -€466 | -4.5% |
| Remuneration, social security and pensions | 62 | €125,427 | €145,774 | +€20,347 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,386 | €42,643 | -€32,743 | -43.4% |
| Other operating charges | 640/8 | €4,069 | €3,562 | -€507 | -12.5% |
| Gross operating margin | 9900 | €199,106 | €209,653 | +€10,547 | +5.3% |
| Operating profit (loss) | 9901 | -€5,776 | €17,674 | +€23,450 | |
| Financial income | 75/76B | €536 | €671 | +€135 | +25.2% |
| Recurring financial income | 75 | €536 | €671 | +€135 | +25.2% |
| Financial charges | 65/66B | €17,037 | €15,348 | -€1,689 | -9.9% |
| Recurring financial charges | 65 | €17,037 | €15,348 | -€1,689 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€22,277 | €2,997 | +€25,274 | |
| Profit (loss) for the period | 9904 | -€22,277 | €2,997 | +€25,274 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,277 | €2,997 | +€25,274 |
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 14 October 2026 via checked.be.