Dr.C.Stinckens: what changed
Dr.C.Stinckens
Largest movements
- Cash +€64,889
up €64,889 (+28.1%), from €230,925 to €295,814
mainly Net result for the year (+€189,748) and Other debts (+€109,225)
- Intangible fixed assets -€20,000
down €20,000 (-26.7%), from €75,000 to €55,000
- Tangible fixed assets -€18,832
down €18,832 (-17.3%), from €108,694 to €89,862
of which Furniture and vehicles: -€13,094
- Other debts +€109,225
up €109,225 (+60.6%), from €180,353 to €289,578
- Reserves -€60,499
down €60,499 (-33.4%), from €181,087 to €120,588
- Profit (loss) carried forward -€32,578
down €32,578 (-99.9%), from €32,626 to €48
- Tax, wage and social debts +€7,036
up €7,036 (+39.7%), from €17,720 to €24,756
- Depreciation +€6,787
up €6,787 (+15.1%), from €44,990 to €51,777
- Financial charges -€4,437
down €4,437 (-63.6%), from €6,975 to €2,538
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €433,177 | €457,626 | +€24,449 | +5.6% |
| Fixed assets | 21/28 | €183,694 | €144,862 | -€38,832 | -21.1% |
| Intangible fixed assets | 21 | €75,000 | €55,000 | -€20,000 | -26.7% |
| Tangible fixed assets | 22/27 | €108,694 | €89,862 | -€18,832 | -17.3% |
| Plant, machinery and equipment | 23 | €59,476 | €53,737 | -€5,738 | -9.6% |
| Furniture and vehicles | 24 | €49,218 | €36,125 | -€13,094 | -26.6% |
| Current assets | 29/58 | €249,483 | €312,764 | +€63,281 | +25.4% |
| Cash at bank and in hand | 54/58 | €230,925 | €295,814 | +€64,889 | +28.1% |
| Deferred charges and accrued income | 490/1 | €18,557 | €16,950 | -€1,608 | -8.7% |
| Total equity and liabilities | 10/49 | €433,177 | €457,626 | +€24,449 | +5.6% |
| Equity | 10/15 | €232,313 | €139,236 | -€93,077 | -40.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181,087 | €120,588 | -€60,499 | -33.4% |
| Distributable reserves | 133 | €181,087 | €120,588 | -€60,499 | -33.4% |
| Profit (loss) carried forward | 14 | €32,626 | €48 | -€32,578 | -99.9% |
| Amounts payable | 17/49 | €200,864 | €318,390 | +€117,526 | +58.5% |
| Amounts payable within one year | 42/48 | €200,864 | €316,267 | +€115,403 | +57.5% |
| Trade debts | 44 | €2,791 | €1,933 | -€858 | -30.8% |
| Suppliers | 440/4 | €2,791 | €1,933 | -€858 | -30.8% |
| Taxes, remuneration and social security | 45 | €17,720 | €24,756 | +€7,036 | +39.7% |
| Taxes | 450/3 | €17,720 | €24,756 | +€7,036 | +39.7% |
| Other amounts payable | 47/48 | €180,353 | €289,578 | +€109,225 | +60.6% |
| Accrued charges and deferred income | 492/3 | - | €2,123 | +€2,123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,990 | €51,777 | +€6,787 | +15.1% |
| Other operating charges | 640/8 | €832 | €791 | -€41 | -5.0% |
| Gross operating margin | 9900 | €303,961 | €301,891 | -€2,070 | -0.7% |
| Operating profit (loss) | 9901 | €258,139 | €249,323 | -€8,816 | -3.4% |
| Financial charges | 65/66B | €6,975 | €2,538 | -€4,437 | -63.6% |
| Recurring financial charges | 65 | €6,975 | €2,538 | -€4,437 | -63.6% |
| Profit (loss) for the period before taxes | 9903 | €251,163 | €246,784 | -€4,379 | -1.7% |
| Income taxes | 67/77 | €57,537 | €57,036 | -€501 | -0.9% |
| Profit (loss) for the period | 9904 | €193,626 | €189,748 | -€3,878 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €193,626 | €189,748 | -€3,878 | -2.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.