Stucco Projects: 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.
Stucco Projects
Largest movements
- Cash +€22,997
up €22,997 (+61.8%), from €37,187 to €60,185
mainly Net result for the year (+€32,237) and Depreciation (+€4,967)
- Receivables within one year +€10,873
up €10,873 (+190087.8%), from €6 to €10,879
of which Trade receivables: +€10,763
- Tangible fixed assets -€3,439
down €3,439 (-37.2%), from €9,251 to €5,812
of which Furniture and vehicles: -€3,691
- Reserves +€31,404
up €31,404 (+85.9%), from €36,564 to €67,968
- Gross operating margin -€5,676
down €5,676 (-11.0%), from €51,672 to €45,995
- Taxes -€1,267
down €1,267 (-12.9%), from €9,784 to €8,517
- Depreciation +€894
up €894 (+21.9%), from €4,074 to €4,967
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 | €46,831 | €77,703 | +€30,872 | +65.9% |
| Fixed assets | 21/28 | €9,251 | €5,812 | -€3,439 | -37.2% |
| Tangible fixed assets | 22/27 | €9,251 | €5,812 | -€3,439 | -37.2% |
| Plant, machinery and equipment | 23 | €1,193 | €1,445 | +€252 | +21.2% |
| Furniture and vehicles | 24 | €8,058 | €4,367 | -€3,691 | -45.8% |
| Current assets | 29/58 | €37,580 | €71,891 | +€34,311 | +91.3% |
| Stocks and contracts in progress | 3 | €88 | €517 | +€428 | +486.3% |
| Stocks | 30/36 | €88 | €517 | +€428 | +486.3% |
| Amounts receivable within one year | 40/41 | €6 | €10,879 | +€10,873 | +190087.8% |
| Trade receivables | 40 | €6 | €10,769 | +€10,763 | +188164.0% |
| Other amounts receivable | 41 | - | €110 | +€110 | |
| Cash at bank and in hand | 54/58 | €37,187 | €60,185 | +€22,997 | +61.8% |
| Deferred charges and accrued income | 490/1 | €299 | €311 | +€12 | +4.2% |
| Total equity and liabilities | 10/49 | €46,831 | €77,703 | +€30,872 | +65.9% |
| Equity | 10/15 | €39,564 | €70,968 | +€31,404 | +79.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €36,564 | €67,968 | +€31,404 | +85.9% |
| Distributable reserves | 133 | €36,564 | €67,968 | +€31,404 | +85.9% |
| Amounts payable | 17/49 | €7,266 | €6,735 | -€532 | -7.3% |
| Amounts payable within one year | 42/48 | €7,266 | €6,735 | -€532 | -7.3% |
| Trade debts | 44 | €199 | - | -€199 | |
| Suppliers | 440/4 | €199 | - | -€199 | |
| Taxes, remuneration and social security | 45 | €4,628 | €4,296 | -€333 | -7.2% |
| Taxes | 450/3 | €4,628 | €4,296 | -€333 | -7.2% |
| Other amounts payable | 47/48 | €2,439 | €2,439 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,074 | €4,967 | +€894 | +21.9% |
| Other operating charges | 640/8 | €277 | €432 | +€154 | +55.6% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | €51,672 | €45,995 | -€5,676 | -11.0% |
| Operating profit (loss) | 9901 | €47,071 | €40,596 | -€6,474 | -13.8% |
| Financial income | 75/76B | €227 | €298 | +€70 | +31.0% |
| Recurring financial income | 75 | €227 | €298 | +€70 | +31.0% |
| Financial charges | 65/66B | €117 | €140 | +€23 | +20.0% |
| Recurring financial charges | 65 | €117 | €140 | +€23 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €47,182 | €40,754 | -€6,427 | -13.6% |
| Income taxes | 67/77 | €9,784 | €8,517 | -€1,267 | -12.9% |
| Profit (loss) for the period | 9904 | €37,397 | €32,237 | -€5,161 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,397 | €32,237 | -€5,161 | -13.8% |
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 7 October 2026 via checked.be.