STUBIS: 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.
STUBIS
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€20,716
down €20,716 (-10.1%), from -€204,740 to -€225,456
- Other debts +€17,193
up €17,193 (+22.7%), from €75,691 to €92,884
- Debts after one year +€11,660
up €11,660 (+1.9%), from €630,171 to €641,831
- Trade debts -€6,407
down €6,407 (-100.0%), from €6,407 to €0
- Other operating charges -€2,460
down €2,460 (-82.6%), from €2,980 to €520
- Gross operating margin +€1,921
up €1,921 (+22.9%), from -€8,405 to -€6,483
- Financial charges +€449
up €449 (+3.4%), from €13,290 to €13,738
- Financial income -€85
down €85 (-76.9%), from €110 to €25
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €515,200 | €516,632 | +€1,432 | +0.3% |
| Fixed assets | 21/28 | €515,200 | €515,200 | = | 0.0% |
| Tangible fixed assets | 22/27 | €515,200 | €515,200 | = | 0.0% |
| Other tangible fixed assets | 26 | €515,200 | €515,200 | = | 0.0% |
| Current assets | 29/58 | €0 | €1,432 | +€1,432 | |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | - | €1,432 | +€1,432 | |
| Total equity and liabilities | 10/49 | €515,200 | €516,632 | +€1,432 | +0.3% |
| Equity | 10/15 | -€198,540 | -€219,256 | -€20,716 | -10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€204,740 | -€225,456 | -€20,716 | -10.1% |
| Amounts payable | 17/49 | €713,740 | €735,888 | +€22,148 | +3.1% |
| Amounts payable after more than one year | 17 | €630,171 | €641,831 | +€11,660 | +1.9% |
| Other amounts payable | 178/9 | €630,171 | €641,831 | +€11,660 | +1.9% |
| Amounts payable within one year | 42/48 | €82,098 | €92,884 | +€10,786 | +13.1% |
| Trade debts | 44 | €6,407 | €0 | -€6,407 | -100.0% |
| Suppliers | 440/4 | €6,407 | €0 | -€6,407 | -100.0% |
| Other amounts payable | 47/48 | €75,691 | €92,884 | +€17,193 | +22.7% |
| Accrued charges and deferred income | 492/3 | €1,472 | €1,173 | -€299 | -20.3% |
| Other operating charges | 640/8 | €2,980 | €520 | -€2,460 | -82.6% |
| Gross operating margin | 9900 | -€8,405 | -€6,483 | +€1,921 | +22.9% |
| Operating profit (loss) | 9901 | -€11,385 | -€7,003 | +€4,382 | +38.5% |
| Financial income | 75/76B | €110 | €25 | -€85 | -76.9% |
| Recurring financial income | 75 | €110 | €25 | -€85 | -76.9% |
| Financial charges | 65/66B | €13,290 | €13,738 | +€449 | +3.4% |
| Recurring financial charges | 65 | €13,290 | €13,738 | +€449 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,564 | -€20,716 | +€3,848 | +15.7% |
| Profit (loss) for the period | 9904 | -€24,564 | -€20,716 | +€3,848 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,564 | -€20,716 | +€3,848 | +15.7% |
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 11 October 2026 via checked.be.