STUKFORM: 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.
STUKFORM
Largest movements
- Tangible fixed assets +€25,864
up €25,864 (+648.0%), from €3,991 to €29,856
of which Leasing and similar rights: +€25,053
- Receivables within one year +€20,836
up €20,836 (+23.4%), from €88,910 to €109,746
of which Other amounts receivable: +€18,438
- Cash -€1,811
down €1,811 (-51.7%), from €3,507 to €1,695
mainly Investment in fixed assets (net) (-€31,398) and Receivables within one year (-€20,836)
- Profit (loss) carried forward +€17,108
up €17,108 (+50.6%), from €33,826 to €50,934
- Debts after one year +€15,726
up €15,726 (+71.0%), from €22,160 to €37,886
of which Financial debts: +€20,275
- Trade debts +€5,212
up €5,212, from €0 to €5,212
- Current portion of long-term debt +€5,079
new in 2024: €5,079
- Tax, wage and social debts +€1,850
up €1,850 (+21.3%), from €8,685 to €10,535
of which Remuneration and social security: +€2,831
- Staff costs -€35,642
down €35,642 (-58.9%), from €60,539 to €24,897
- Gross operating margin -€29,141
down €29,141 (-34.5%), from €84,536 to €55,395
- Taxes -€5,266
down €5,266 (-49.2%), from €10,711 to €5,444
- Depreciation +€3,778
up €3,778 (+215.2%), from €1,756 to €5,534
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,410 | €150,385 | +€44,975 | +42.7% |
| Fixed assets | 21/28 | €4,211 | €30,076 | +€25,864 | +614.1% |
| Tangible fixed assets | 22/27 | €3,991 | €29,856 | +€25,864 | +648.0% |
| Plant, machinery and equipment | 23 | €3,991 | €2,177 | -€1,815 | -45.5% |
| Furniture and vehicles | 24 | - | €2,626 | +€2,626 | |
| Leasing and similar rights | 25 | - | €25,053 | +€25,053 | |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €101,199 | €120,309 | +€19,110 | +18.9% |
| Stocks and contracts in progress | 3 | €3,500 | €3,500 | = | 0.0% |
| Contracts in progress | 37 | €3,500 | €3,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €88,910 | €109,746 | +€20,836 | +23.4% |
| Trade receivables | 40 | €16,288 | €18,686 | +€2,398 | +14.7% |
| Other amounts receivable | 41 | €72,622 | €91,060 | +€18,438 | +25.4% |
| Cash at bank and in hand | 54/58 | €3,507 | €1,695 | -€1,811 | -51.7% |
| Deferred charges and accrued income | 490/1 | €5,282 | €5,368 | +€85 | +1.6% |
| Total equity and liabilities | 10/49 | €105,410 | €150,385 | +€44,975 | +42.7% |
| Equity | 10/15 | €74,566 | €91,674 | +€17,108 | +22.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,140 | €22,140 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €20,280 | €20,280 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,826 | €50,934 | +€17,108 | +50.6% |
| Amounts payable | 17/49 | €30,845 | €58,711 | +€27,867 | +90.3% |
| Amounts payable after more than one year | 17 | €22,160 | €37,886 | +€15,726 | +71.0% |
| Financial debts | 170/4 | €6,331 | €26,606 | +€20,275 | +320.2% |
| Other amounts payable | 178/9 | €15,829 | €11,280 | -€4,549 | -28.7% |
| Amounts payable within one year | 42/48 | €8,685 | €20,825 | +€12,141 | +139.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,079 | +€5,079 | |
| Trade debts | 44 | €0 | €5,212 | +€5,212 | |
| Suppliers | 440/4 | €0 | €5,212 | +€5,212 | |
| Taxes, remuneration and social security | 45 | €8,685 | €10,535 | +€1,850 | +21.3% |
| Taxes | 450/3 | €6,315 | €5,334 | -€981 | -15.5% |
| Remuneration and social security | 454/9 | €2,370 | €5,201 | +€2,831 | +119.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €2,500 | +€2,500 | |
| Remuneration, social security and pensions | 62 | €60,539 | €24,897 | -€35,642 | -58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,756 | €5,534 | +€3,778 | +215.2% |
| Other operating charges | 640/8 | €923 | €989 | +€66 | +7.2% |
| Non-recurring operating charges | 66A | €425 | €63 | -€362 | -85.2% |
| Gross operating margin | 9900 | €84,536 | €55,395 | -€29,141 | -34.5% |
| Operating profit (loss) | 9901 | €20,894 | €23,912 | +€3,018 | +14.4% |
| Financial income | 75/76B | €235 | €0 | -€235 | -100.0% |
| Recurring financial income | 75 | €235 | €0 | -€235 | -100.0% |
| Financial charges | 65/66B | €1,220 | €1,359 | +€139 | +11.4% |
| Recurring financial charges | 65 | €1,220 | €1,359 | +€139 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €19,909 | €22,553 | +€2,644 | +13.3% |
| Income taxes | 67/77 | €10,711 | €5,444 | -€5,266 | -49.2% |
| Profit (loss) for the period | 9904 | €9,198 | €17,108 | +€7,910 | +86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,198 | €17,108 | +€7,910 | +86.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.