STUCCARE: 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.
STUCCARE
Largest movements
- Cash +€72,528
new in 2025: €72,528
mainly Receivables within one year (+€65,421) and Debts after one year (+€12,578)
- Receivables within one year -€65,421
down €65,421 (-40.4%), from €161,955 to €96,534
of which Other amounts receivable: -€44,764
- Tangible fixed assets -€11,250
down €11,250 (-29.6%), from €38,018 to €26,768
of which Plant, machinery and equipment: -€7,287
- Stocks and contracts +€2,225
up €2,225 (+21.2%), from €10,500 to €12,725
- Trade debts -€13,240
down €13,240 (-41.0%), from €32,330 to €19,090
- Debts after one year +€12,578
new in 2025: €12,578
- Short-term financial debts -€7,212
no longer reported in 2025 (was €7,212)
- Reserves +€7,000
up €7,000 (+4.7%), from €148,760 to €155,760
- Staff costs -€8,121
no longer reported in 2025 (was €8,121)
- Other operating charges -€7,654
down €7,654 (-24.3%), from €31,453 to €23,799
- Gross operating margin -€6,106
down €6,106 (-11.0%), from €55,709 to €49,603
- Financial income -€3,924
down €3,924 (-29.6%), from €13,279 to €9,355
- Depreciation +€2,332
up €2,332 (+23.6%), from €9,876 to €12,207
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 | €210,660 | €208,741 | -€1,919 | -0.9% |
| Fixed assets | 21/28 | €38,204 | €26,954 | -€11,250 | -29.4% |
| Tangible fixed assets | 22/27 | €38,018 | €26,768 | -€11,250 | -29.6% |
| Plant, machinery and equipment | 23 | €20,219 | €12,932 | -€7,287 | -36.0% |
| Furniture and vehicles | 24 | €17,799 | €13,836 | -€3,963 | -22.3% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €172,455 | €181,787 | +€9,331 | +5.4% |
| Stocks and contracts in progress | 3 | €10,500 | €12,725 | +€2,225 | +21.2% |
| Stocks | 30/36 | €10,500 | €12,725 | +€2,225 | +21.2% |
| Amounts receivable within one year | 40/41 | €161,955 | €96,534 | -€65,421 | -40.4% |
| Trade receivables | 40 | €102,467 | €81,810 | -€20,657 | -20.2% |
| Other amounts receivable | 41 | €59,489 | €14,724 | -€44,764 | -75.2% |
| Cash at bank and in hand | 54/58 | - | €72,528 | +€72,528 | |
| Total equity and liabilities | 10/49 | €210,660 | €208,741 | -€1,919 | -0.9% |
| Equity | 10/15 | €168,869 | €175,884 | +€7,014 | +4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €148,760 | €155,760 | +€7,000 | +4.7% |
| Distributable reserves | 133 | €148,760 | €155,760 | +€7,000 | +4.7% |
| Profit (loss) carried forward | 14 | €1,509 | €1,524 | +€14 | +0.9% |
| Amounts payable | 17/49 | €41,790 | €32,857 | -€8,933 | -21.4% |
| Amounts payable after more than one year | 17 | - | €12,578 | +€12,578 | |
| Financial debts | 170/4 | - | €12,578 | +€12,578 | |
| Amounts payable within one year | 42/48 | €41,790 | €20,280 | -€21,510 | -51.5% |
| Financial debts | 43 | €7,212 | - | -€7,212 | |
| Credit institutions | 430/8 | €7,212 | - | -€7,212 | |
| Trade debts | 44 | €32,330 | €19,090 | -€13,240 | -41.0% |
| Suppliers | 440/4 | €32,330 | €19,090 | -€13,240 | -41.0% |
| Taxes, remuneration and social security | 45 | €2,248 | €1,190 | -€1,058 | -47.1% |
| Taxes | 450/3 | €490 | €1,190 | +€700 | +143% |
| Remuneration and social security | 454/9 | €1,758 | - | -€1,758 | |
| Remuneration, social security and pensions | 62 | €8,121 | - | -€8,121 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,876 | €12,207 | +€2,332 | +23.6% |
| Other operating charges | 640/8 | €31,453 | €23,799 | -€7,654 | -24.3% |
| Gross operating margin | 9900 | €55,709 | €49,603 | -€6,106 | -11.0% |
| Operating profit (loss) | 9901 | €6,258 | €13,596 | +€7,337 | +117% |
| Financial income | 75/76B | €13,279 | €9,355 | -€3,924 | -29.6% |
| Recurring financial income | 75 | €13,279 | €9,355 | -€3,924 | -29.6% |
| Financial charges | 65/66B | €9,534 | €9,574 | +€41 | +0.4% |
| Recurring financial charges | 65 | €9,534 | €9,574 | +€41 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €10,004 | €13,376 | +€3,373 | +33.7% |
| Income taxes | 67/77 | €5,052 | €6,362 | +€1,310 | +25.9% |
| Profit (loss) for the period | 9904 | €4,952 | €7,014 | +€2,063 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,952 | €7,014 | +€2,063 | +41.7% |
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 13 October 2026 via checked.be.