BRYAN STEYNS: 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.
BRYAN STEYNS
Largest movements
- Cash +€71,563
up €71,563 (+46.4%), from €154,255 to €225,819
mainly Net result for the year (+€117,580) and Tax, wage and social debts (+€1,232)
- Receivables within one year +€37,531
up €37,531 (+3,695%), from €1,016 to €38,547
- Financial fixed assets +€4,980
new in 2025: €4,980
- Profit (loss) carried forward +€117,580
up €117,580 (+72.9%), from €161,379 to €278,959
- Other debts -€3,121
down €3,121 (-64.3%), from €4,857 to €1,736
- Gross operating margin +€38,035
up €38,035 (+33.7%), from €112,961 to €150,996
- Taxes +€9,302
up €9,302 (+39.1%), from €23,810 to €33,113
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 | €176,394 | €292,084 | +€115,690 | +65.6% |
| Fixed assets | 21/28 | €843 | €7,155 | +€6,312 | +749% |
| Tangible fixed assets | 22/27 | €843 | €2,175 | +€1,332 | +158% |
| Furniture and vehicles | 24 | €843 | €2,175 | +€1,332 | +158% |
| Financial fixed assets | 28 | - | €4,980 | +€4,980 | |
| Current assets | 29/58 | €175,551 | €284,929 | +€109,378 | +62.3% |
| Amounts receivable after more than one year | 29 | €20,280 | €20,564 | +€284 | +1.4% |
| Other amounts receivable | 291 | €20,280 | €20,564 | +€284 | +1.4% |
| Amounts receivable within one year | 40/41 | €1,016 | €38,547 | +€37,531 | +3,695% |
| Trade receivables | 40 | €1,016 | €38,547 | +€37,531 | +3,695% |
| Cash at bank and in hand | 54/58 | €154,255 | €225,819 | +€71,563 | +46.4% |
| Total equity and liabilities | 10/49 | €176,394 | €292,084 | +€115,690 | +65.6% |
| Equity | 10/15 | €162,879 | €280,459 | +€117,580 | +72.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,379 | €278,959 | +€117,580 | +72.9% |
| Amounts payable | 17/49 | €13,515 | €11,625 | -€1,890 | -14.0% |
| Amounts payable within one year | 42/48 | €13,515 | €11,625 | -€1,890 | -14.0% |
| Trade debts | 44 | €101 | €100 | -€1 | -0.6% |
| Suppliers | 440/4 | €101 | €100 | -€1 | -0.6% |
| Taxes, remuneration and social security | 45 | €8,557 | €9,789 | +€1,232 | +14.4% |
| Taxes | 450/3 | €8,557 | €9,789 | +€1,232 | +14.4% |
| Other amounts payable | 47/48 | €4,857 | €1,736 | -€3,121 | -64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €302 | +€52 | +20.9% |
| Gross operating margin | 9900 | €112,961 | €150,996 | +€38,035 | +33.7% |
| Operating profit (loss) | 9901 | €112,711 | €150,694 | +€37,982 | +33.7% |
| Financial income | 75/76B | €280 | €284 | +€4 | +1.4% |
| Recurring financial income | 75 | €280 | €284 | +€4 | +1.4% |
| Financial charges | 65/66B | €97 | €285 | +€188 | +195% |
| Recurring financial charges | 65 | €97 | €285 | +€188 | +195% |
| Profit (loss) for the period before taxes | 9903 | €112,895 | €150,693 | +€37,798 | +33.5% |
| Income taxes | 67/77 | €23,810 | €33,113 | +€9,302 | +39.1% |
| Profit (loss) for the period | 9904 | €89,085 | €117,580 | +€28,495 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,085 | €117,580 | +€28,495 | +32.0% |
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 25 October 2026 via checked.be.