STUKKEN: 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.
STUKKEN
Largest movements
- Receivables within one year -€51,251
down €51,251 (-64.1%), from €79,923 to €28,672
of which Trade receivables: -€43,280
- Cash -€3,547
down €3,547 (-26.4%), from €13,461 to €9,914
mainly Trade debts (-€49,383) and Tax, wage and social debts (-€12,523)
- Trade debts -€49,383
down €49,383 (-89.5%), from €55,185 to €5,802
- Profit (loss) carried forward +€20,366
up €20,366, from -€20,046 to €320
- Tax, wage and social debts -€12,523
no longer reported in 2025 (was €12,523)
of which Remuneration and social security: -€12,265
- Debts after one year -€10,000
no longer reported in 2025 (was €10,000)
- Other debts -€10,000
down €10,000 (-91.7%), from €10,900 to €900
- Gross operating margin +€23,029
up €23,029 (+217%), from €10,613 to €33,642
- Other operating charges +€7,242
up €7,242 (+80.5%), from €8,995 to €16,237
- Financial income +€3,419
new in 2025: €3,419
- Financial charges -€578
down €578 (-91.7%), from €630 to €52
- Taxes +€407
new in 2025: €407
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 | €94,430 | €39,632 | -€54,798 | -58.0% |
| Fixed assets | 21/28 | €1,046 | €1,046 | = | 0.0% |
| Financial fixed assets | 28 | €1,046 | €1,046 | = | 0.0% |
| Current assets | 29/58 | €93,384 | €38,586 | -€54,798 | -58.7% |
| Amounts receivable within one year | 40/41 | €79,923 | €28,672 | -€51,251 | -64.1% |
| Trade receivables | 40 | €65,712 | €22,432 | -€43,280 | -65.9% |
| Other amounts receivable | 41 | €14,211 | €6,240 | -€7,971 | -56.1% |
| Cash at bank and in hand | 54/58 | €13,461 | €9,914 | -€3,547 | -26.4% |
| Total equity and liabilities | 10/49 | €94,430 | €39,632 | -€54,798 | -58.0% |
| Equity | 10/15 | €2,564 | €22,930 | +€20,366 | +794% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,010 | €4,010 | = | 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% |
| Tax-exempt reserves | 132 | €2,150 | €2,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,046 | €320 | +€20,366 | |
| Amounts payable | 17/49 | €91,866 | €16,702 | -€75,164 | -81.8% |
| Amounts payable after more than one year | 17 | €10,000 | - | -€10,000 | |
| Financial debts | 170/4 | €10,000 | - | -€10,000 | |
| Amounts payable within one year | 42/48 | €81,866 | €16,702 | -€65,164 | -79.6% |
| Current portion of amounts payable after more than one year | 42 | €3,258 | €10,000 | +€6,742 | +207% |
| Trade debts | 44 | €55,185 | €5,802 | -€49,383 | -89.5% |
| Suppliers | 440/4 | €55,185 | €5,802 | -€49,383 | -89.5% |
| Taxes, remuneration and social security | 45 | €12,523 | - | -€12,523 | |
| Taxes | 450/3 | €258 | - | -€258 | |
| Remuneration and social security | 454/9 | €12,265 | - | -€12,265 | |
| Other amounts payable | 47/48 | €10,900 | €900 | -€10,000 | -91.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90 | - | -€90 | |
| Other operating charges | 640/8 | €8,995 | €16,237 | +€7,242 | +80.5% |
| Gross operating margin | 9900 | €10,613 | €33,642 | +€23,029 | +217% |
| Operating profit (loss) | 9901 | €1,528 | €17,405 | +€15,877 | +1,039% |
| Financial income | 75/76B | - | €3,419 | +€3,419 | |
| Recurring financial income | 75 | - | €3,419 | +€3,419 | |
| Financial charges | 65/66B | €630 | €52 | -€578 | -91.7% |
| Recurring financial charges | 65 | €630 | €52 | -€578 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | €898 | €20,772 | +€19,874 | +2,213% |
| Income taxes | 67/77 | - | €407 | +€407 | |
| Profit (loss) for the period | 9904 | €898 | €20,365 | +€19,467 | +2,168% |
| Profit (loss) for the period to be appropriated | 9905 | €898 | €20,365 | +€19,467 | +2,168% |
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 15 October 2026 via checked.be.