Eugène Stassen Management: what changed
Eugène Stassen Management
Largest movements
- Receivables within one year +€29,994
up €29,994 (+804%), from €3,728 to €33,723
of which Other amounts receivable: +€25,253
- Cash -€15,178
down €15,178 (-72.9%), from €20,818 to €5,640
mainly Debts after one year (-€33,632) and Receivables within one year (-€29,994)
- Profit (loss) carried forward +€44,539
up €44,539 (+108%), from €41,238 to €85,777
- Debts after one year -€33,632
down €33,632 (-24.8%), from €135,863 to €102,231
of which Other amounts payable: -€17,000
- Other debts +€3,659
up €3,659 (+868%), from €422 to €4,081
- Gross operating margin +€10,389
up €10,389 (+162%), from €6,426 to €16,814
- Financial income -€5,000
down €5,000 (-11.8%), from €42,500 to €37,500
- Taxes +€2,089
up €2,089 (+184%), from €1,135 to €3,224
- Financial charges +€1,537
up €1,537 (+48.7%), from €3,158 to €4,695
- Depreciation +€391
up €391 (+46.7%), from €837 to €1,228
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 | €203,172 | €216,764 | +€13,592 | +6.7% |
| Formation expenses | 20 | €765 | €510 | -€255 | -33.3% |
| Fixed assets | 21/28 | €177,664 | €176,690 | -€973 | -0.5% |
| Tangible fixed assets | 22/27 | €2,625 | €1,652 | -€973 | -37.1% |
| Plant, machinery and equipment | 23 | €1,004 | €716 | -€288 | -28.6% |
| Furniture and vehicles | 24 | €1,621 | €936 | -€686 | -42.3% |
| Financial fixed assets | 28 | €175,038 | €175,038 | = | 0.0% |
| Current assets | 29/58 | €24,744 | €39,564 | +€14,821 | +59.9% |
| Amounts receivable within one year | 40/41 | €3,728 | €33,723 | +€29,994 | +804% |
| Trade receivables | 40 | €3,728 | €8,470 | +€4,742 | +127% |
| Other amounts receivable | 41 | - | €25,253 | +€25,253 | |
| Cash at bank and in hand | 54/58 | €20,818 | €5,640 | -€15,178 | -72.9% |
| Deferred charges and accrued income | 490/1 | €197 | €202 | +€5 | +2.4% |
| Total equity and liabilities | 10/49 | €203,172 | €216,764 | +€13,592 | +6.7% |
| Equity | 10/15 | €44,238 | €88,777 | +€44,539 | +101% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,238 | €85,777 | +€44,539 | +108% |
| Amounts payable | 17/49 | €158,934 | €127,988 | -€30,947 | -19.5% |
| Amounts payable after more than one year | 17 | €135,863 | €102,231 | -€33,632 | -24.8% |
| Financial debts | 170/4 | €106,363 | €89,731 | -€16,632 | -15.6% |
| Other amounts payable | 178/9 | €29,500 | €12,500 | -€17,000 | -57.6% |
| Amounts payable within one year | 42/48 | €21,178 | €25,757 | +€4,578 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €16,024 | €16,632 | +€608 | +3.8% |
| Trade debts | 44 | €301 | €508 | +€208 | +69.1% |
| Suppliers | 440/4 | €301 | €508 | +€208 | +69.1% |
| Taxes, remuneration and social security | 45 | €4,432 | €4,535 | +€103 | +2.3% |
| Taxes | 450/3 | €4,432 | €4,535 | +€103 | +2.3% |
| Other amounts payable | 47/48 | €422 | €4,081 | +€3,659 | +868% |
| Accrued charges and deferred income | 492/3 | €1,893 | €0 | -€1,893 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €837 | €1,228 | +€391 | +46.7% |
| Other operating charges | 640/8 | €625 | €628 | +€3 | +0.5% |
| Gross operating margin | 9900 | €6,426 | €16,814 | +€10,389 | +162% |
| Operating profit (loss) | 9901 | €4,963 | €14,958 | +€9,995 | +201% |
| Financial income | 75/76B | €42,500 | €37,500 | -€5,000 | -11.8% |
| Recurring financial income | 75 | €42,500 | €37,500 | -€5,000 | -11.8% |
| Financial charges | 65/66B | €3,158 | €4,695 | +€1,537 | +48.7% |
| Recurring financial charges | 65 | €3,158 | €4,695 | +€1,537 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | €44,306 | €47,763 | +€3,458 | +7.8% |
| Income taxes | 67/77 | €1,135 | €3,224 | +€2,089 | +184% |
| Profit (loss) for the period | 9904 | €43,170 | €44,539 | +€1,369 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,170 | €44,539 | +€1,369 | +3.2% |
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 3 November 2026 via checked.be.