'T STOVEKEN: 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.
'T STOVEKEN
Largest movements
- Cash +€15,372
up €15,372 (+22.4%), from €68,604 to €83,976
mainly Other debts (+€24,764) and Depreciation (+€15,241)
- Tangible fixed assets -€12,929
down €12,929 (-24.0%), from €53,846 to €40,917
of which Other tangible fixed assets: -€7,199
- Receivables within one year +€4,605
up €4,605 (+5,402%), from €85 to €4,691
- Stocks and contracts -€2,702
down €2,702 (-33.5%), from €8,068 to €5,366
- Other debts +€24,764
up €24,764 (+204%), from €12,160 to €36,923
- Reserves -€18,369
down €18,369 (-14.4%), from €127,581 to €109,212
of which Distributable reserves: -€18,369
- Gross operating margin -€27,379
down €27,379 (-34.8%), from €78,568 to €51,188
- Taxes -€8,030
down €8,030 (-60.6%), from €13,248 to €5,218
- Staff costs +€3,080
up €3,080 (+19.6%), from €15,748 to €18,829
- Financial income +€968
up €968 (+145%), from €667 to €1,635
- Depreciation -€788
down €788 (-4.9%), from €16,029 to €15,241
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 | €172,257 | €176,272 | +€4,015 | +2.3% |
| Fixed assets | 21/28 | €53,846 | €40,917 | -€12,929 | -24.0% |
| Tangible fixed assets | 22/27 | €53,846 | €40,917 | -€12,929 | -24.0% |
| Plant, machinery and equipment | 23 | €3,266 | €2,952 | -€314 | -9.6% |
| Furniture and vehicles | 24 | €7,142 | €1,726 | -€5,415 | -75.8% |
| Other tangible fixed assets | 26 | €43,438 | €36,239 | -€7,199 | -16.6% |
| Current assets | 29/58 | €118,411 | €135,355 | +€16,944 | +14.3% |
| Amounts receivable after more than one year | 29 | €37,000 | €37,000 | = | 0.0% |
| Other amounts receivable | 291 | €37,000 | €37,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €8,068 | €5,366 | -€2,702 | -33.5% |
| Stocks | 30/36 | €8,068 | €5,366 | -€2,702 | -33.5% |
| Amounts receivable within one year | 40/41 | €85 | €4,691 | +€4,605 | +5,402% |
| Other amounts receivable | 41 | €85 | €4,691 | +€4,605 | +5,402% |
| Cash at bank and in hand | 54/58 | €68,604 | €83,976 | +€15,372 | +22.4% |
| Deferred charges and accrued income | 490/1 | €4,654 | €4,322 | -€331 | -7.1% |
| Total equity and liabilities | 10/49 | €172,257 | €176,272 | +€4,015 | +2.3% |
| Equity | 10/15 | €148,041 | €129,672 | -€18,369 | -12.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €127,581 | €109,212 | -€18,369 | -14.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €127,581 | €109,212 | -€18,369 | -14.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,216 | €46,600 | +€22,384 | +92.4% |
| Amounts payable within one year | 42/48 | €24,216 | €46,280 | +€22,064 | +91.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €40 | €0 | -€40 | -100% |
| Credit institutions | 430/8 | €40 | €0 | -€40 | -100% |
| Trade debts | 44 | €1,861 | €877 | -€984 | -52.9% |
| Suppliers | 440/4 | €1,861 | €877 | -€984 | -52.9% |
| Taxes, remuneration and social security | 45 | €10,156 | €8,480 | -€1,676 | -16.5% |
| Taxes | 450/3 | €8,932 | €7,373 | -€1,559 | -17.5% |
| Remuneration and social security | 454/9 | €1,224 | €1,107 | -€117 | -9.5% |
| Other amounts payable | 47/48 | €12,160 | €36,923 | +€24,764 | +204% |
| Accrued charges and deferred income | 492/3 | €0 | €320 | +€320 | |
| Remuneration, social security and pensions | 62 | €15,748 | €18,829 | +€3,080 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,029 | €15,241 | -€788 | -4.9% |
| Other operating charges | 640/8 | €961 | €941 | -€20 | -2.1% |
| Gross operating margin | 9900 | €78,568 | €51,188 | -€27,379 | -34.8% |
| Operating profit (loss) | 9901 | €45,830 | €16,177 | -€29,652 | -64.7% |
| Financial income | 75/76B | €667 | €1,635 | +€968 | +145% |
| Recurring financial income | 75 | €667 | €1,635 | +€968 | +145% |
| Financial charges | 65/66B | €538 | €963 | +€425 | +79.0% |
| Recurring financial charges | 65 | €538 | €963 | +€425 | +79.0% |
| Profit (loss) for the period before taxes | 9903 | €45,958 | €16,849 | -€29,110 | -63.3% |
| Income taxes | 67/77 | €13,248 | €5,218 | -€8,030 | -60.6% |
| Profit (loss) for the period | 9904 | €32,711 | €11,631 | -€21,080 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,711 | €11,631 | -€21,080 | -64.4% |
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 29 October 2026 via checked.be.