DR. JOHAN VAN STAPPEN: 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.
DR. JOHAN VAN STAPPEN
Largest movements
- Cash -€317,853
down €317,853 (-91.3%), from €348,136 to €30,283
mainly Contributions, distributions and other (-€389,255) and Other debts (-€96,998)
- Current investments +€46,716
up €46,716 (+55.4%), from €84,371 to €131,086
- Receivables within one year -€7,896
down €7,896 (-9.0%), from €87,541 to €79,645
- Reserves -€173,978
down €173,978 (-44.7%), from €389,255 to €215,277
- Other debts -€96,998
down €96,998 (-94.1%), from €103,037 to €6,039
- Tax, wage and social debts -€9,240
down €9,240 (-34.9%), from €26,438 to €17,198
- Gross operating margin -€21,912
down €21,912 (-7.0%), from €314,400 to €292,488
- Financial income +€5,407
up €5,407 (+1,544,783%), from €0 to €5,407
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 | €537,330 | €261,179 | -€276,151 | -51.4% |
| Fixed assets | 21/28 | €9,835 | €11,312 | +€1,477 | +15.0% |
| Tangible fixed assets | 22/27 | €9,835 | €11,312 | +€1,477 | +15.0% |
| Land and buildings | 22 | €803 | €188 | -€614 | -76.5% |
| Furniture and vehicles | 24 | €9,032 | €11,124 | +€2,091 | +23.2% |
| Current assets | 29/58 | €527,495 | €249,867 | -€277,629 | -52.6% |
| Amounts receivable within one year | 40/41 | €87,541 | €79,645 | -€7,896 | -9.0% |
| Trade receivables | 40 | €87,541 | €79,645 | -€7,896 | -9.0% |
| Current investments | 50/53 | €84,371 | €131,086 | +€46,716 | +55.4% |
| Cash at bank and in hand | 54/58 | €348,136 | €30,283 | -€317,853 | -91.3% |
| Deferred charges and accrued income | 490/1 | €7,448 | €8,853 | +€1,405 | +18.9% |
| Total equity and liabilities | 10/49 | €537,330 | €261,179 | -€276,151 | -51.4% |
| Equity | 10/15 | €407,855 | €233,877 | -€173,978 | -42.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €389,255 | €215,277 | -€173,978 | -44.7% |
| Distributable reserves | 133 | €389,255 | €215,277 | -€173,978 | -44.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €129,475 | €27,302 | -€102,173 | -78.9% |
| Amounts payable within one year | 42/48 | €129,475 | €27,302 | -€102,173 | -78.9% |
| Trade debts | 44 | €0 | €4,065 | +€4,065 | |
| Suppliers | 440/4 | €0 | €4,065 | +€4,065 | |
| Taxes, remuneration and social security | 45 | €26,438 | €17,198 | -€9,240 | -34.9% |
| Taxes | 450/3 | €26,438 | €17,198 | -€9,240 | -34.9% |
| Other amounts payable | 47/48 | €103,037 | €6,039 | -€96,998 | -94.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,808 | €3,909 | +€1,101 | +39.2% |
| Other operating charges | 640/8 | €666 | €807 | +€141 | +21.1% |
| Gross operating margin | 9900 | €314,400 | €292,488 | -€21,912 | -7.0% |
| Operating profit (loss) | 9901 | €310,925 | €287,772 | -€23,153 | -7.4% |
| Financial income | 75/76B | €0 | €5,407 | +€5,407 | +1,544,783% |
| Recurring financial income | 75 | €0 | €5,407 | +€5,407 | +1,544,783% |
| Financial charges | 65/66B | €2,662 | €2,703 | +€41 | +1.5% |
| Recurring financial charges | 65 | €2,662 | €2,703 | +€41 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €308,263 | €290,476 | -€17,787 | -5.8% |
| Income taxes | 67/77 | €73,621 | €75,199 | +€1,579 | +2.1% |
| Profit (loss) for the period | 9904 | €234,642 | €215,277 | -€19,366 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €234,642 | €215,277 | -€19,366 | -8.3% |
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 24 October 2026 via checked.be.