STUVETEC: 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.
STUVETEC
Largest movements
- Receivables within one year +€4,810
up €4,810 (+260.7%), from €1,845 to €6,655
- Cash +€4,303
up €4,303 (+59357.9%), from €7 to €4,311
mainly Net result for the year (+€5,291) and Tax, wage and social debts (+€2,249)
- Deferred charges and accrued income -€336
no longer reported in 2025 (was €336)
- Tangible fixed assets -€123
no longer reported in 2025 (was €123)
- Profit (loss) carried forward +€3,500
no longer reported in 2025 (was -€3,500)
- Tax, wage and social debts +€2,249
up €2,249 (+7978.8%), from €28 to €2,277
- Reserves +€1,790
new in 2025: €1,790
- Other debts +€1,556
up €1,556 (+117.8%), from €1,321 to €2,877
- Trade debts -€383
down €383 (-27.3%), from €1,404 to €1,021
- Gross operating margin +€8,317
up €8,317, from -€1,022 to €7,295
- Taxes +€1,339
new in 2025: €1,339
- Other operating charges +€400
up €400 (+644.7%), from €62 to €462
- Depreciation -€244
down €244 (-66.6%), from €366 to €123
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 | €2,311 | €10,966 | +€8,655 | +374.5% |
| Fixed assets | 21/28 | €123 | - | -€123 | |
| Tangible fixed assets | 22/27 | €123 | - | -€123 | |
| Furniture and vehicles | 24 | €123 | - | -€123 | |
| Current assets | 29/58 | €2,188 | €10,966 | +€8,777 | +401.1% |
| Amounts receivable within one year | 40/41 | €1,845 | €6,655 | +€4,810 | +260.7% |
| Trade receivables | 40 | €1,845 | €6,655 | +€4,810 | +260.7% |
| Cash at bank and in hand | 54/58 | €7 | €4,311 | +€4,303 | +59357.9% |
| Deferred charges and accrued income | 490/1 | €336 | - | -€336 | |
| Total equity and liabilities | 10/49 | €2,311 | €10,966 | +€8,655 | +374.5% |
| Equity | 10/15 | -€500 | €4,790 | +€5,291 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €1,790 | +€1,790 | |
| Distributable reserves | 133 | - | €1,790 | +€1,790 | |
| Profit (loss) carried forward | 14 | -€3,500 | - | +€3,500 | |
| Amounts payable | 17/49 | €2,811 | €6,176 | +€3,364 | +119.7% |
| Amounts payable within one year | 42/48 | €2,753 | €6,176 | +€3,423 | +124.3% |
| Trade debts | 44 | €1,404 | €1,021 | -€383 | -27.3% |
| Suppliers | 440/4 | €1,404 | €1,021 | -€383 | -27.3% |
| Taxes, remuneration and social security | 45 | €28 | €2,277 | +€2,249 | +7978.8% |
| Taxes | 450/3 | €28 | €2,277 | +€2,249 | +7978.8% |
| Other amounts payable | 47/48 | €1,321 | €2,877 | +€1,556 | +117.8% |
| Accrued charges and deferred income | 492/3 | €59 | - | -€59 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €366 | €123 | -€244 | -66.6% |
| Other operating charges | 640/8 | €62 | €462 | +€400 | +644.7% |
| Gross operating margin | 9900 | -€1,022 | €7,295 | +€8,317 | |
| Operating profit (loss) | 9901 | -€1,451 | €6,711 | +€8,162 | |
| Financial charges | 65/66B | €135 | €81 | -€53 | -39.5% |
| Recurring financial charges | 65 | €135 | €81 | -€53 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,585 | €6,630 | +€8,215 | |
| Income taxes | 67/77 | - | €1,339 | +€1,339 | |
| Profit (loss) for the period | 9904 | -€1,585 | €5,291 | +€6,876 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,585 | €5,291 | +€6,876 |
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 4 October 2026 via checked.be.