STUBBE NICO CONSTRUCT: 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.
STUBBE NICO CONSTRUCT
Largest movements
- Cash -€140,498
down €140,498 (-27.0%), from €519,905 to €379,407
mainly Contributions, distributions and other (-€513,965) and Receivables within one year (-€102,184)
- Receivables within one year +€102,184
up €102,184 (+883.6%), from €11,564 to €113,748
of which Trade receivables: +€92,770
- Tangible fixed assets +€64,063
up €64,063 (+33.8%), from €189,358 to €253,420
of which Furniture and vehicles: +€39,531
- Stocks and contracts -€31,999
no longer reported in 2025 (was €31,999)
- Current investments -€25,000
down €25,000 (-33.3%), from €75,000 to €50,000
- Reserves -€513,965
down €513,965 (-78.3%), from €656,570 to €142,605
- Other debts +€499,578
up €499,578 (+355.2%), from €140,640 to €640,219
- Profit (loss) carried forward -€17,863
new in 2025: -€17,863
- Trade debts +€8,502
up €8,502 (+120.4%), from €7,059 to €15,561
- Gross operating margin -€49,884
down €49,884 (-81.5%), from €61,188 to €11,304
- Other operating charges -€13,930
down €13,930 (-72.7%), from €19,156 to €5,226
- Financial charges -€11,515
down €11,515 (-98.4%), from €11,703 to €188
- Depreciation +€10,915
up €10,915 (+75.3%), from €14,489 to €25,404
- Taxes -€7,307
down €7,307 (-98.5%), from €7,420 to €113
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 | €828,509 | €800,043 | -€28,467 | -3.4% |
| Fixed assets | 21/28 | €189,358 | €253,420 | +€64,063 | +33.8% |
| Tangible fixed assets | 22/27 | €189,358 | €253,420 | +€64,063 | +33.8% |
| Land and buildings | 22 | €178,469 | €167,640 | -€10,828 | -6.1% |
| Plant, machinery and equipment | 23 | €7,884 | €43,244 | +€35,360 | +448.5% |
| Furniture and vehicles | 24 | €3,005 | €42,536 | +€39,531 | +1315.5% |
| Current assets | 29/58 | €639,152 | €546,623 | -€92,529 | -14.5% |
| Stocks and contracts in progress | 3 | €31,999 | - | -€31,999 | |
| Contracts in progress | 37 | €31,999 | - | -€31,999 | |
| Amounts receivable within one year | 40/41 | €11,564 | €113,748 | +€102,184 | +883.6% |
| Trade receivables | 40 | €6,519 | €99,289 | +€92,770 | +1423.2% |
| Other amounts receivable | 41 | €5,046 | €14,459 | +€9,414 | +186.6% |
| Current investments | 50/53 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €519,905 | €379,407 | -€140,498 | -27.0% |
| Deferred charges and accrued income | 490/1 | €684 | €3,467 | +€2,783 | +406.9% |
| Total equity and liabilities | 10/49 | €828,509 | €800,043 | -€28,467 | -3.4% |
| Equity | 10/15 | €675,170 | €143,342 | -€531,828 | -78.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €656,570 | €142,605 | -€513,965 | -78.3% |
| Distributable reserves | 133 | €656,570 | €142,605 | -€513,965 | -78.3% |
| Profit (loss) carried forward | 14 | - | -€17,863 | -€17,863 | |
| Amounts payable | 17/49 | €153,340 | €656,701 | +€503,361 | +328.3% |
| Amounts payable within one year | 42/48 | €152,015 | €656,701 | +€504,686 | +332.0% |
| Trade debts | 44 | €7,059 | €15,561 | +€8,502 | +120.4% |
| Suppliers | 440/4 | €7,059 | €15,561 | +€8,502 | +120.4% |
| Taxes, remuneration and social security | 45 | €4,316 | €922 | -€3,394 | -78.6% |
| Taxes | 450/3 | €4,316 | €922 | -€3,394 | -78.6% |
| Other amounts payable | 47/48 | €140,640 | €640,219 | +€499,578 | +355.2% |
| Accrued charges and deferred income | 492/3 | €1,325 | - | -€1,325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,489 | €25,404 | +€10,915 | +75.3% |
| Other operating charges | 640/8 | €19,156 | €5,226 | -€13,930 | -72.7% |
| Non-recurring operating charges | 66A | - | €522 | +€522 | |
| Gross operating margin | 9900 | €61,188 | €11,304 | -€49,884 | -81.5% |
| Operating profit (loss) | 9901 | €27,543 | -€19,848 | -€47,391 | |
| Financial income | 75/76B | €2,297 | €2,286 | -€10 | -0.5% |
| Recurring financial income | 75 | €2,297 | €2,286 | -€10 | -0.5% |
| Financial charges | 65/66B | €11,703 | €188 | -€11,515 | -98.4% |
| Recurring financial charges | 65 | €11,703 | €188 | -€11,515 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | €18,136 | -€17,750 | -€35,887 | |
| Income taxes | 67/77 | €7,420 | €113 | -€7,307 | -98.5% |
| Profit (loss) for the period | 9904 | €10,716 | -€17,863 | -€28,580 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,716 | -€17,863 | -€28,580 |
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.