STUBRUX SA: 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.
STUBRUX SA
Largest movements
- Cash +€241,245
up €241,245 (+2318.9%), from €10,404 to €251,649
mainly Current investments (+€233,254) and Receivables within one year (+€83,712)
- Current investments -€233,254
down €233,254 (-46.7%), from €500,000 to €266,746
- Receivables within one year -€83,712
down €83,712 (-10.0%), from €835,312 to €751,600
- Profit (loss) carried forward -€92,868
down €92,868 (-31.7%), from -€292,917 to -€385,784
- Gross operating margin -€81,130
down €81,130 (-1270.2%), from -€6,387 to -€87,517
- Financial charges +€9,496
up €9,496 (+104.5%), from €9,083 to €18,579
- Other operating charges -€5,839
down €5,839 (-50.3%), from €11,606 to €5,767
- Financial income +€2,875
up €2,875 (+17.8%), from €16,121 to €18,996
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 | €3,537,093 | €3,454,651 | -€82,442 | -2.3% |
| Fixed assets | 21/28 | €2,165,549 | €2,165,549 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,164,685 | €2,164,685 | = | 0.0% |
| Land and buildings | 22 | €2,164,685 | €2,164,685 | = | 0.0% |
| Financial fixed assets | 28 | €864 | €864 | = | 0.0% |
| Current assets | 29/58 | €1,371,544 | €1,289,103 | -€82,442 | -6.0% |
| Amounts receivable within one year | 40/41 | €835,312 | €751,600 | -€83,712 | -10.0% |
| Other amounts receivable | 41 | €835,312 | €751,600 | -€83,712 | -10.0% |
| Current investments | 50/53 | €500,000 | €266,746 | -€233,254 | -46.7% |
| Cash at bank and in hand | 54/58 | €10,404 | €251,649 | +€241,245 | +2318.9% |
| Deferred charges and accrued income | 490/1 | €25,829 | €19,108 | -€6,721 | -26.0% |
| Total equity and liabilities | 10/49 | €3,537,093 | €3,454,651 | -€82,442 | -2.3% |
| Equity | 10/15 | €3,535,362 | €3,454,240 | -€81,122 | -2.3% |
| Contributions | 10/11 | €3,450,000 | €3,450,000 | = | 0.0% |
| Revaluation surpluses | 12 | €378,279 | €390,025 | +€11,746 | +3.1% |
| Profit (loss) carried forward | 14 | -€292,917 | -€385,784 | -€92,868 | -31.7% |
| Amounts payable | 17/49 | €1,731 | €411 | -€1,320 | -76.3% |
| Amounts payable within one year | 42/48 | €1,731 | €411 | -€1,320 | -76.3% |
| Current portion of amounts payable after more than one year | 42 | - | €411 | +€411 | |
| Other amounts payable | 47/48 | €1,731 | - | -€1,731 | |
| Non-recurring operating income | 76A | €52,232 | - | -€52,232 | |
| Other operating charges | 640/8 | €11,606 | €5,767 | -€5,839 | -50.3% |
| Gross operating margin | 9900 | -€6,387 | -€87,517 | -€81,130 | -1270.2% |
| Operating profit (loss) | 9901 | -€17,993 | -€93,284 | -€75,291 | -418.4% |
| Financial income | 75/76B | €16,121 | €18,996 | +€2,875 | +17.8% |
| Recurring financial income | 75 | €16,121 | €18,996 | +€2,875 | +17.8% |
| Financial charges | 65/66B | €9,083 | €18,579 | +€9,496 | +104.5% |
| Recurring financial charges | 65 | €9,083 | €18,579 | +€9,496 | +104.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,955 | -€92,868 | -€81,913 | -747.7% |
| Profit (loss) for the period | 9904 | -€10,955 | -€92,868 | -€81,913 | -747.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,955 | -€92,868 | -€81,913 | -747.7% |
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 9 October 2026 via checked.be.