STUCWERK: 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.
STUCWERK
Largest movements
- Receivables within one year -€16,789
down €16,789 (-15.2%), from €110,413 to €93,624
of which Trade receivables: -€24,421
- Tangible fixed assets -€8,327
down €8,327 (-2.2%), from €373,088 to €364,761
of which Furniture and vehicles: -€4,905
- Debts after one year -€20,716
down €20,716 (-51.9%), from €39,888 to €19,172
- Trade debts -€6,312
down €6,312 (-16.6%), from €38,119 to €31,806
- Other debts +€5,930
up €5,930 (+19.1%), from €30,995 to €36,925
- Staff costs +€47,306
up €47,306 (+35.4%), from €133,583 to €180,889
- Gross operating margin +€40,041
up €40,041 (+17.0%), from €235,033 to €275,075
- Financial income +€5,454
up €5,454 (+427%), from €1,277 to €6,731
of which Non-recurring financial income: +€5,571
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 | €500,070 | €476,130 | -€23,940 | -4.8% |
| Fixed assets | 21/28 | €373,088 | €364,761 | -€8,327 | -2.2% |
| Tangible fixed assets | 22/27 | €373,088 | €364,761 | -€8,327 | -2.2% |
| Land and buildings | 22 | €365,631 | €362,208 | -€3,422 | -0.9% |
| Furniture and vehicles | 24 | €7,457 | €2,552 | -€4,905 | -65.8% |
| Current assets | 29/58 | €126,982 | €111,369 | -€15,613 | -12.3% |
| Amounts receivable within one year | 40/41 | €110,413 | €93,624 | -€16,789 | -15.2% |
| Trade receivables | 40 | €84,065 | €59,644 | -€24,421 | -29.0% |
| Other amounts receivable | 41 | €26,347 | €33,979 | +€7,632 | +29.0% |
| Cash at bank and in hand | 54/58 | €16,570 | €17,745 | +€1,176 | +7.1% |
| Total equity and liabilities | 10/49 | €500,070 | €476,130 | -€23,940 | -4.8% |
| Equity | 10/15 | €362,506 | €359,214 | -€3,292 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,312 | €73,312 | = | 0.0% |
| Distributable reserves | 133 | €73,312 | €73,312 | = | 0.0% |
| Profit (loss) carried forward | 14 | €270,594 | €267,301 | -€3,292 | -1.2% |
| Amounts payable | 17/49 | €137,564 | €116,917 | -€20,648 | -15.0% |
| Amounts payable after more than one year | 17 | €39,888 | €19,172 | -€20,716 | -51.9% |
| Financial debts | 170/4 | €39,888 | €19,172 | -€20,716 | -51.9% |
| Amounts payable within one year | 42/48 | €95,576 | €95,645 | +€69 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €20,511 | €20,716 | +€205 | +1.0% |
| Trade debts | 44 | €38,119 | €31,806 | -€6,312 | -16.6% |
| Suppliers | 440/4 | €38,119 | €31,806 | -€6,312 | -16.6% |
| Taxes, remuneration and social security | 45 | €5,951 | €6,197 | +€246 | +4.1% |
| Remuneration and social security | 454/9 | €5,951 | €6,197 | +€246 | +4.1% |
| Other amounts payable | 47/48 | €30,995 | €36,925 | +€5,930 | +19.1% |
| Accrued charges and deferred income | 492/3 | €2,100 | €2,100 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €133,583 | €180,889 | +€47,306 | +35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,019 | €29,471 | +€1,452 | +5.2% |
| Other operating charges | 640/8 | €4,838 | €5,044 | +€206 | +4.3% |
| Non-recurring operating charges | 66A | €580 | - | -€580 | |
| Gross operating margin | 9900 | €235,033 | €275,075 | +€40,041 | +17.0% |
| Operating profit (loss) | 9901 | €68,015 | €59,671 | -€8,344 | -12.3% |
| Financial income | 75/76B | €1,277 | €6,731 | +€5,454 | +427% |
| Recurring financial income | 75 | €1,277 | €1,160 | -€118 | -9.2% |
| Non-recurring financial income | 76B | - | €5,571 | +€5,571 | |
| Financial charges | 65/66B | €3,493 | €3,239 | -€254 | -7.3% |
| Recurring financial charges | 65 | €3,493 | €3,239 | -€254 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €65,799 | €63,163 | -€2,636 | -4.0% |
| Income taxes | 67/77 | €17,762 | €16,456 | -€1,306 | -7.4% |
| Profit (loss) for the period | 9904 | €48,037 | €46,708 | -€1,329 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,037 | €46,708 | -€1,329 | -2.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.