De Stijve Laars: 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.
De Stijve Laars
Largest movements
- Tangible fixed assets +€12,905
up €12,905 (+53.5%), from €24,105 to €37,011
of which Furniture and vehicles: +€15,547
- Receivables within one year -€6,382
down €6,382 (-60.5%), from €10,551 to €4,169
- Cash +€1,706
up €1,706 (+11.6%), from €14,697 to €16,402
mainly Debts after one year (+€11,500) and Current portion of long-term debt (+€6,447)
- Deferred charges and accrued income -€1,544
no longer reported in 2025 (was €1,544)
- Stocks and contracts +€1,011
up €1,011 (+70.4%), from €1,435 to €2,446
- Debts after one year +€11,500
up €11,500 (+529%), from €2,173 to €13,672
- Tax, wage and social debts -€7,993
down €7,993 (-67.3%), from €11,883 to €3,890
- Current portion of long-term debt +€6,447
up €6,447 (+314%), from €2,053 to €8,500
- Trade debts -€4,341
down €4,341 (-28.6%), from €15,177 to €10,836
- Reserves +€2,084
up €2,084 (+57.6%), from €3,618 to €5,701
- Gross operating margin -€27,204
down €27,204 (-67.2%), from €40,496 to €13,292
- Taxes -€3,648
down €3,648 (-71.8%), from €5,083 to €1,435
- Depreciation -€1,609
down €1,609 (-24.9%), from €6,468 to €4,859
- Financial charges +€741
up €741 (+72.8%), from €1,017 to €1,757
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 | €52,332 | €60,028 | +€7,696 | +14.7% |
| Fixed assets | 21/28 | €24,105 | €37,011 | +€12,905 | +53.5% |
| Tangible fixed assets | 22/27 | €24,105 | €37,011 | +€12,905 | +53.5% |
| Plant, machinery and equipment | 23 | €7,285 | €6,394 | -€890 | -12.2% |
| Furniture and vehicles | 24 | €6,026 | €21,572 | +€15,547 | +258% |
| Other tangible fixed assets | 26 | €10,795 | €9,044 | -€1,751 | -16.2% |
| Current assets | 29/58 | €28,227 | €23,018 | -€5,209 | -18.5% |
| Stocks and contracts in progress | 3 | €1,435 | €2,446 | +€1,011 | +70.4% |
| Stocks | 30/36 | €1,435 | €2,446 | +€1,011 | +70.4% |
| Amounts receivable within one year | 40/41 | €10,551 | €4,169 | -€6,382 | -60.5% |
| Trade receivables | 40 | €10,551 | €4,169 | -€6,382 | -60.5% |
| Cash at bank and in hand | 54/58 | €14,697 | €16,402 | +€1,706 | +11.6% |
| Deferred charges and accrued income | 490/1 | €1,544 | - | -€1,544 | |
| Total equity and liabilities | 10/49 | €52,332 | €60,028 | +€7,696 | +14.7% |
| Equity | 10/15 | €21,046 | €22,297 | +€1,251 | +5.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €3,618 | €5,701 | +€2,084 | +57.6% |
| Distributable reserves | 133 | €3,618 | €5,701 | +€2,084 | +57.6% |
| Profit (loss) carried forward | 14 | €14,928 | €14,095 | -€833 | -5.6% |
| Amounts payable | 17/49 | €31,287 | €37,732 | +€6,445 | +20.6% |
| Amounts payable after more than one year | 17 | €2,173 | €13,672 | +€11,500 | +529% |
| Financial debts | 170/4 | €2,173 | €13,672 | +€11,500 | +529% |
| Amounts payable within one year | 42/48 | €29,114 | €24,059 | -€5,055 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €2,053 | €8,500 | +€6,447 | +314% |
| Trade debts | 44 | €15,177 | €10,836 | -€4,341 | -28.6% |
| Suppliers | 440/4 | €15,177 | €10,836 | -€4,341 | -28.6% |
| Taxes, remuneration and social security | 45 | €11,883 | €3,890 | -€7,993 | -67.3% |
| Taxes | 450/3 | €11,883 | €3,890 | -€7,993 | -67.3% |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Non-recurring operating income | 76A | €17 | - | -€17 | |
| Remuneration, social security and pensions | 62 | €253 | €406 | +€153 | +60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,468 | €4,859 | -€1,609 | -24.9% |
| Other operating charges | 640/8 | €1,438 | €1,457 | +€19 | +1.3% |
| Non-recurring operating charges | 66A | - | €1,306 | +€1,306 | |
| Gross operating margin | 9900 | €40,496 | €13,292 | -€27,204 | -67.2% |
| Operating profit (loss) | 9901 | €32,337 | €5,264 | -€27,073 | -83.7% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €1,017 | €1,757 | +€741 | +72.8% |
| Recurring financial charges | 65 | €1,017 | €1,757 | +€741 | +72.8% |
| Profit (loss) for the period before taxes | 9903 | €31,321 | €3,519 | -€27,802 | -88.8% |
| Income taxes | 67/77 | €5,083 | €1,435 | -€3,648 | -71.8% |
| Profit (loss) for the period | 9904 | €26,238 | €2,084 | -€24,154 | -92.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,238 | €2,084 | -€24,154 | -92.1% |
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 20 October 2026 via checked.be.