STURBAUT: 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.
STURBAUT
Largest movements
- Tangible fixed assets -€31,014
down €31,014 (-30.1%), from €103,171 to €72,157
of which Furniture and vehicles: -€15,510
- Cash +€17,795
up €17,795 (+14.1%), from €126,516 to €144,312
mainly Depreciation (+€33,021) and Net result for the year (+€28,683)
- Reserves -€27,317
down €27,317 (-14.7%), from €185,410 to €158,093
- Other debts +€26,834
up €26,834 (+12055.2%), from €223 to €27,056
- Debts after one year -€14,621
down €14,621 (-62.4%), from €23,417 to €8,797
No income-statement line moved by more than 1% of the activity.
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 | €230,788 | €218,125 | -€12,663 | -5.5% |
| Fixed assets | 21/28 | €103,196 | €72,182 | -€31,014 | -30.1% |
| Tangible fixed assets | 22/27 | €103,171 | €72,157 | -€31,014 | -30.1% |
| Land and buildings | 22 | €7,856 | €7,741 | -€115 | -1.5% |
| Plant, machinery and equipment | 23 | €56,880 | €41,491 | -€15,389 | -27.1% |
| Furniture and vehicles | 24 | €38,435 | €22,925 | -€15,510 | -40.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €127,592 | €145,943 | +€18,351 | +14.4% |
| Amounts receivable within one year | 40/41 | - | €531 | +€531 | |
| Other amounts receivable | 41 | - | €531 | +€531 | |
| Cash at bank and in hand | 54/58 | €126,516 | €144,312 | +€17,795 | +14.1% |
| Deferred charges and accrued income | 490/1 | €1,076 | €1,101 | +€25 | +2.3% |
| Total equity and liabilities | 10/49 | €230,788 | €218,125 | -€12,663 | -5.5% |
| Equity | 10/15 | €191,162 | €163,844 | -€27,317 | -14.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €185,410 | €158,093 | -€27,317 | -14.7% |
| Distributable reserves | 133 | €185,410 | €158,093 | -€27,317 | -14.7% |
| Profit (loss) carried forward | 14 | €3,752 | €3,752 | = | 0.0% |
| Amounts payable | 17/49 | €39,626 | €54,280 | +€14,654 | +37.0% |
| Amounts payable after more than one year | 17 | €23,417 | €8,797 | -€14,621 | -62.4% |
| Financial debts | 170/4 | €23,417 | €8,797 | -€14,621 | -62.4% |
| Amounts payable within one year | 42/48 | €16,209 | €45,484 | +€29,275 | +180.6% |
| Current portion of amounts payable after more than one year | 42 | €14,264 | €14,621 | +€357 | +2.5% |
| Trade debts | 44 | €128 | €213 | +€85 | +66.2% |
| Suppliers | 440/4 | €128 | €213 | +€85 | +66.2% |
| Taxes, remuneration and social security | 45 | €1,594 | €3,594 | +€2,000 | +125.5% |
| Taxes | 450/3 | €1,594 | €3,594 | +€2,000 | +125.5% |
| Other amounts payable | 47/48 | €223 | €27,056 | +€26,834 | +12055.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,229 | €33,021 | -€208 | -0.6% |
| Other operating charges | 640/8 | €1,097 | €1,166 | +€69 | +6.3% |
| Gross operating margin | 9900 | €78,311 | €77,931 | -€380 | -0.5% |
| Operating profit (loss) | 9901 | €43,985 | €43,744 | -€241 | -0.5% |
| Financial income | 75/76B | €515 | €1,168 | +€653 | +126.6% |
| Recurring financial income | 75 | €515 | €1,168 | +€653 | +126.6% |
| Financial charges | 65/66B | €1,230 | €910 | -€320 | -26.0% |
| Recurring financial charges | 65 | €1,230 | €910 | -€320 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €43,270 | €44,002 | +€732 | +1.7% |
| Income taxes | 67/77 | €15,418 | €15,319 | -€99 | -0.6% |
| Profit (loss) for the period | 9904 | €27,852 | €28,683 | +€830 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,852 | €28,683 | +€830 | +3.0% |
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 5 October 2026 via checked.be.