STUPA: 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.
STUPA
Largest movements
- Receivables after one year -€141,287
down €141,287 (-27.1%), from €521,707 to €380,419
- Cash +€39,051
up €39,051 (+29.1%), from €134,220 to €173,271
mainly Receivables after one year (+€141,287) and Net result for the year (+€59,950)
- Tangible fixed assets -€26,320
down €26,320 (-26.6%), from €98,846 to €72,526
of which Plant, machinery and equipment: -€19,771
- Reserves -€81,337
down €81,337 (-26.9%), from €302,671 to €221,334
of which Distributable reserves: -€81,337
- Trade debts -€53,775
down €53,775 (-51.0%), from €105,490 to €51,715
- Tax, wage and social debts +€39,415
up €39,415 (+48.9%), from €80,667 to €120,082
of which Taxes: +€21,077
- Other debts -€21,442
down €21,442 (-55.8%), from €38,428 to €16,987
- Gross operating margin +€187,856
up €187,856 (+30.5%), from €615,216 to €803,072
- Other operating charges +€9,749
up €9,749 (+158.9%), from €6,135 to €15,884
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 | €776,691 | €651,966 | -€124,726 | -16.1% |
| Fixed assets | 21/28 | €100,727 | €74,408 | -€26,320 | -26.1% |
| Tangible fixed assets | 22/27 | €98,846 | €72,526 | -€26,320 | -26.6% |
| Land and buildings | 22 | €3,485 | €2,404 | -€1,081 | -31.0% |
| Plant, machinery and equipment | 23 | €80,491 | €60,720 | -€19,771 | -24.6% |
| Furniture and vehicles | 24 | €14,870 | €9,401 | -€5,468 | -36.8% |
| Financial fixed assets | 28 | €1,882 | €1,882 | = | 0.0% |
| Current assets | 29/58 | €675,964 | €577,558 | -€98,406 | -14.6% |
| Amounts receivable after more than one year | 29 | €521,707 | €380,419 | -€141,287 | -27.1% |
| Other amounts receivable | 291 | €521,707 | €380,419 | -€141,287 | -27.1% |
| Stocks and contracts in progress | 3 | €12,458 | €15,347 | +€2,890 | +23.2% |
| Stocks | 30/36 | €12,458 | €15,347 | +€2,890 | +23.2% |
| Amounts receivable within one year | 40/41 | €5,778 | €8,520 | +€2,742 | +47.5% |
| Other amounts receivable | 41 | €5,778 | €8,520 | +€2,742 | +47.5% |
| Cash at bank and in hand | 54/58 | €134,220 | €173,271 | +€39,051 | +29.1% |
| Deferred charges and accrued income | 490/1 | €1,801 | - | -€1,801 | |
| Total equity and liabilities | 10/49 | €776,691 | €651,966 | -€124,726 | -16.1% |
| Equity | 10/15 | €533,187 | €451,850 | -€81,337 | -15.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €302,671 | €221,334 | -€81,337 | -26.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €300,811 | €219,474 | -€81,337 | -27.0% |
| Profit (loss) carried forward | 14 | €224,319 | €224,319 | = | 0.0% |
| Amounts payable | 17/49 | €243,505 | €200,116 | -€43,389 | -17.8% |
| Amounts payable after more than one year | 17 | €2,591 | - | -€2,591 | |
| Financial debts | 170/4 | €2,591 | - | -€2,591 | |
| Amounts payable within one year | 42/48 | €239,653 | €200,116 | -€39,537 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €2,545 | €2,591 | +€47 | +1.8% |
| Trade debts | 44 | €105,490 | €51,715 | -€53,775 | -51.0% |
| Suppliers | 440/4 | €105,490 | €51,715 | -€53,775 | -51.0% |
| Advances received on contracts in progress | 46 | €12,523 | €8,742 | -€3,782 | -30.2% |
| Taxes, remuneration and social security | 45 | €80,667 | €120,082 | +€39,415 | +48.9% |
| Taxes | 450/3 | €10,947 | €32,025 | +€21,077 | +192.5% |
| Remuneration and social security | 454/9 | €69,720 | €88,057 | +€18,337 | +26.3% |
| Other amounts payable | 47/48 | €38,428 | €16,987 | -€21,442 | -55.8% |
| Accrued charges and deferred income | 492/3 | €1,260 | - | -€1,260 | |
| Remuneration, social security and pensions | 62 | €692,836 | €694,067 | +€1,230 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,401 | €26,320 | +€919 | +3.6% |
| Other operating charges | 640/8 | €6,135 | €15,884 | +€9,749 | +158.9% |
| Gross operating margin | 9900 | €615,216 | €803,072 | +€187,856 | +30.5% |
| Operating profit (loss) | 9901 | -€109,157 | €66,801 | +€175,958 | |
| Financial income | 75/76B | €5,203 | €926 | -€4,277 | -82.2% |
| Recurring financial income | 75 | €5,203 | €926 | -€4,277 | -82.2% |
| Financial charges | 65/66B | €1,575 | €1,547 | -€29 | -1.8% |
| Recurring financial charges | 65 | €1,575 | €1,547 | -€29 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€105,529 | €66,181 | +€171,710 | |
| Income taxes | 67/77 | €228 | €6,231 | +€6,003 | +2636.1% |
| Profit (loss) for the period | 9904 | -€105,757 | €59,950 | +€165,707 | |
| Profit (loss) for the period to be appropriated | 9905 | -€105,757 | €59,950 | +€165,707 |
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.