Stut: 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.
Stut
Largest movements
- Tangible fixed assets -€17,947
down €17,947 (-5.6%), from €323,335 to €305,388
of which Land and buildings: -€13,915
- Cash +€8,059
up €8,059 (+856.2%), from €941 to €9,000
mainly Depreciation (+€24,477) and Net result for the year (+€3,756)
- Debts after one year -€16,670
down €16,670 (-8.1%), from €205,796 to €189,127
- Reserves +€3,756
up €3,756 (+19.8%), from €19,015 to €22,771
- Gross operating margin +€4,080
up €4,080 (+9.9%), from €41,069 to €45,149
- Other operating charges +€3,206
up €3,206 (+79.2%), from €4,048 to €7,254
- Depreciation +€757
up €757 (+3.2%), from €23,720 to €24,477
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 | €331,157 | €319,673 | -€11,483 | -3.5% |
| Fixed assets | 21/28 | €323,505 | €305,558 | -€17,947 | -5.5% |
| Tangible fixed assets | 22/27 | €323,335 | €305,388 | -€17,947 | -5.6% |
| Land and buildings | 22 | €295,291 | €281,376 | -€13,915 | -4.7% |
| Plant, machinery and equipment | 23 | €11,628 | €13,583 | +€1,956 | +16.8% |
| Furniture and vehicles | 24 | €16,417 | €10,429 | -€5,988 | -36.5% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €7,651 | €14,115 | +€6,463 | +84.5% |
| Amounts receivable within one year | 40/41 | €5,531 | €3,633 | -€1,897 | -34.3% |
| Trade receivables | 40 | - | €330 | +€330 | |
| Other amounts receivable | 41 | €5,531 | €3,303 | -€2,228 | -40.3% |
| Cash at bank and in hand | 54/58 | €941 | €9,000 | +€8,059 | +856.2% |
| Deferred charges and accrued income | 490/1 | €1,179 | €1,481 | +€302 | +25.6% |
| Total equity and liabilities | 10/49 | €331,157 | €319,673 | -€11,483 | -3.5% |
| Equity | 10/15 | €37,615 | €41,371 | +€3,756 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,015 | €22,771 | +€3,756 | +19.8% |
| Distributable reserves | 133 | €19,015 | €22,771 | +€3,756 | +19.8% |
| Amounts payable | 17/49 | €293,541 | €278,302 | -€15,239 | -5.2% |
| Amounts payable after more than one year | 17 | €205,796 | €189,127 | -€16,670 | -8.1% |
| Financial debts | 170/4 | €205,796 | €189,127 | -€16,670 | -8.1% |
| Amounts payable within one year | 42/48 | €86,765 | €88,196 | +€1,430 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €16,297 | €16,670 | +€372 | +2.3% |
| Trade debts | 44 | €790 | €1,253 | +€463 | +58.6% |
| Suppliers | 440/4 | €790 | €1,253 | +€463 | +58.6% |
| Taxes, remuneration and social security | 45 | €926 | €54 | -€872 | -94.1% |
| Taxes | 450/3 | €926 | €54 | -€872 | -94.1% |
| Other amounts payable | 47/48 | €68,752 | €70,219 | +€1,467 | +2.1% |
| Accrued charges and deferred income | 492/3 | €980 | €980 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,720 | €24,477 | +€757 | +3.2% |
| Other operating charges | 640/8 | €4,048 | €7,254 | +€3,206 | +79.2% |
| Gross operating margin | 9900 | €41,069 | €45,149 | +€4,080 | +9.9% |
| Operating profit (loss) | 9901 | €13,300 | €13,417 | +€117 | +0.9% |
| Financial income | 75/76B | €158 | €0 | -€158 | -100.0% |
| Recurring financial income | 75 | €158 | €0 | -€158 | -100.0% |
| Financial charges | 65/66B | €7,746 | €7,842 | +€96 | +1.2% |
| Recurring financial charges | 65 | €7,746 | €7,842 | +€96 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €5,712 | €5,575 | -€137 | -2.4% |
| Income taxes | 67/77 | €1,829 | €1,819 | -€10 | -0.5% |
| Profit (loss) for the period | 9904 | €3,883 | €3,756 | -€128 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,883 | €3,756 | -€128 | -3.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.