Stucapro: what changed
Stucapro
Largest movements
- Stocks and contracts +€135,760
up €135,760 (+762%), from €17,808 to €153,568
of which Stocks: +€135,760
- Receivables within one year -€128,851
down €128,851 (-44.4%), from €290,362 to €161,511
of which Trade receivables: -€108,664
- Tangible fixed assets +€87,596
up €87,596 (+129%), from €67,964 to €155,561
of which Furniture and vehicles: +€87,596
- Current investments +€33,315
up €33,315 (+121%), from €27,500 to €60,815
- Cash -€21,358
down €21,358 (-27.3%), from €78,364 to €57,006
mainly Stocks and contracts (-€135,760) and Investment in fixed assets (net) (-€128,843)
- Reserves +€88,740
up €88,740 (+45.3%), from €195,679 to €284,419
of which Distributable reserves: +€88,740
- Trade debts -€82,528
down €82,528 (-41.5%), from €198,849 to €116,321
- Debts after one year +€56,573
up €56,573 (+157%), from €36,037 to €92,610
- Tax, wage and social debts +€20,660
up €20,660 (+73.0%), from €28,294 to €48,955
- Current portion of long-term debt +€19,670
up €19,670 (+209%), from €9,402 to €29,072
- Gross operating margin +€38,161
up €38,161 (+30.2%), from €126,278 to €164,438
- Depreciation +€28,024
up €28,024 (+304%), from €9,232 to €37,256
- Taxes -€5,202
down €5,202 (-19.9%), from €26,199 to €20,998
- Financial charges +€5,153
up €5,153 (+38.5%), from €13,384 to €18,537
- Other operating charges -€2,777
down €2,777 (-72.2%), from €3,849 to €1,072
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €488,261 | €595,997 | +€107,736 | +22.1% |
| Fixed assets | 21/28 | €67,964 | €159,551 | +€91,586 | +135% |
| Tangible fixed assets | 22/27 | €67,964 | €155,561 | +€87,596 | +129% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €67,964 | €155,561 | +€87,596 | +129% |
| Financial fixed assets | 28 | - | €3,990 | +€3,990 | |
| Current assets | 29/58 | €420,297 | €436,446 | +€16,150 | +3.8% |
| Stocks and contracts in progress | 3 | €17,808 | €153,568 | +€135,760 | +762% |
| Stocks | 30/36 | €17,808 | €153,568 | +€135,760 | +762% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €290,362 | €161,511 | -€128,851 | -44.4% |
| Trade receivables | 40 | €266,652 | €157,987 | -€108,664 | -40.8% |
| Other amounts receivable | 41 | €23,710 | €3,524 | -€20,186 | -85.1% |
| Current investments | 50/53 | €27,500 | €60,815 | +€33,315 | +121% |
| Cash at bank and in hand | 54/58 | €78,364 | €57,006 | -€21,358 | -27.3% |
| Deferred charges and accrued income | 490/1 | €6,263 | €3,546 | -€2,717 | -43.4% |
| Total equity and liabilities | 10/49 | €488,261 | €595,997 | +€107,736 | +22.1% |
| Equity | 10/15 | €215,679 | €304,419 | +€88,740 | +41.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €195,679 | €284,419 | +€88,740 | +45.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €195,679 | €284,419 | +€88,740 | +45.3% |
| Amounts payable | 17/49 | €272,582 | €291,578 | +€18,996 | +7.0% |
| Amounts payable after more than one year | 17 | €36,037 | €92,610 | +€56,573 | +157% |
| Financial debts | 170/4 | €36,037 | €92,610 | +€56,573 | +157% |
| Amounts payable within one year | 42/48 | €236,545 | €198,968 | -€37,577 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €9,402 | €29,072 | +€19,670 | +209% |
| Trade debts | 44 | €198,849 | €116,321 | -€82,528 | -41.5% |
| Suppliers | 440/4 | €198,849 | €116,321 | -€82,528 | -41.5% |
| Taxes, remuneration and social security | 45 | €28,294 | €48,955 | +€20,660 | +73.0% |
| Taxes | 450/3 | €28,294 | €48,955 | +€20,660 | +73.0% |
| Other amounts payable | 47/48 | €0 | €4,620 | +€4,620 | |
| Non-recurring operating income | 76A | €0 | €9,492 | +€9,492 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,232 | €37,256 | +€28,024 | +304% |
| Other operating charges | 640/8 | €3,849 | €1,072 | -€2,777 | -72.2% |
| Gross operating margin | 9900 | €126,278 | €164,438 | +€38,161 | +30.2% |
| Operating profit (loss) | 9901 | €113,196 | €126,110 | +€12,914 | +11.4% |
| Financial income | 75/76B | €480 | €2,164 | +€1,684 | +351% |
| Recurring financial income | 75 | €480 | €2,164 | +€1,684 | +351% |
| Financial charges | 65/66B | €13,384 | €18,537 | +€5,153 | +38.5% |
| Recurring financial charges | 65 | €13,384 | €18,537 | +€5,153 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €100,292 | €109,737 | +€9,445 | +9.4% |
| Income taxes | 67/77 | €26,199 | €20,998 | -€5,202 | -19.9% |
| Profit (loss) for the period | 9904 | €74,093 | €88,740 | +€14,647 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €74,093 | €88,740 | +€14,647 | +19.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.