Jan Stoffelen: what changed
Jan Stoffelen
Largest movements
- Cash +€76,078
up €76,078 (+105%), from €72,595 to €148,673
mainly Net result for the year (+€30,913) and Trade debts (+€19,814)
- Stocks and contracts -€11,372
down €11,372 (-35.1%), from €32,440 to €21,067
of which Contracts in progress: -€11,069
- Receivables within one year -€3,129
down €3,129 (-84.3%), from €3,710 to €581
- Reserves +€30,913
up €30,913 (+48.0%), from €64,411 to €95,325
- Trade debts +€19,814
up €19,814 (+139%), from €14,300 to €34,115
- Other debts +€8,902
up €8,902 (+55.1%), from €16,166 to €25,068
- Short-term financial debts -€6,000
down €6,000 (-50.0%), from €12,000 to €6,000
- Tax, wage and social debts +€5,390
up €5,390 (+37.9%), from €14,239 to €19,629
- Gross operating margin -€3,951
down €3,951 (-6.9%), from €57,449 to €53,499
- Taxes +€1,549
up €1,549 (+11.3%), from €13,659 to €15,208
- Financial income +€889
up €889 (+98.7%), from €901 to €1,790
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 | €129,116 | €190,844 | +€61,728 | +47.8% |
| Fixed assets | 21/28 | €20,226 | €20,353 | +€128 | +0.6% |
| Tangible fixed assets | 22/27 | €20,226 | €20,353 | +€128 | +0.6% |
| Plant, machinery and equipment | 23 | €2,366 | €1,608 | -€758 | -32.0% |
| Furniture and vehicles | 24 | €17,859 | €18,745 | +€886 | +5.0% |
| Current assets | 29/58 | €108,891 | €170,491 | +€61,600 | +56.6% |
| Stocks and contracts in progress | 3 | €32,440 | €21,067 | -€11,372 | -35.1% |
| Stocks | 30/36 | €4,290 | €3,987 | -€303 | -7.1% |
| Contracts in progress | 37 | €28,149 | €17,080 | -€11,069 | -39.3% |
| Amounts receivable within one year | 40/41 | €3,710 | €581 | -€3,129 | -84.3% |
| Other amounts receivable | 41 | €3,710 | €581 | -€3,129 | -84.3% |
| Cash at bank and in hand | 54/58 | €72,595 | €148,673 | +€76,078 | +105% |
| Deferred charges and accrued income | 490/1 | €146 | €169 | +€24 | +16.3% |
| Total equity and liabilities | 10/49 | €129,116 | €190,844 | +€61,728 | +47.8% |
| Equity | 10/15 | €66,411 | €97,325 | +€30,913 | +46.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €64,411 | €95,325 | +€30,913 | +48.0% |
| Distributable reserves | 133 | €64,411 | €95,325 | +€30,913 | +48.0% |
| Amounts payable | 17/49 | €62,705 | €93,519 | +€30,814 | +49.1% |
| Amounts payable after more than one year | 17 | €6,000 | €6,000 | = | 0.0% |
| Financial debts | 170/4 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €56,705 | €87,519 | +€30,814 | +54.3% |
| Financial debts | 43 | €12,000 | €6,000 | -€6,000 | -50.0% |
| Other loans | 439 | €12,000 | €6,000 | -€6,000 | -50.0% |
| Trade debts | 44 | €14,300 | €34,115 | +€19,814 | +139% |
| Suppliers | 440/4 | €14,300 | €34,115 | +€19,814 | +139% |
| Advances received on contracts in progress | 46 | - | €2,708 | +€2,708 | |
| Taxes, remuneration and social security | 45 | €14,239 | €19,629 | +€5,390 | +37.9% |
| Taxes | 450/3 | €14,239 | €19,629 | +€5,390 | +37.9% |
| Other amounts payable | 47/48 | €16,166 | €25,068 | +€8,902 | +55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,408 | €7,015 | -€393 | -5.3% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €57,449 | €53,499 | -€3,951 | -6.9% |
| Operating profit (loss) | 9901 | €49,924 | €46,364 | -€3,560 | -7.1% |
| Financial income | 75/76B | €901 | €1,790 | +€889 | +98.7% |
| Recurring financial income | 75 | €901 | €1,790 | +€889 | +98.7% |
| Financial charges | 65/66B | €1,862 | €2,033 | +€170 | +9.1% |
| Recurring financial charges | 65 | €1,862 | €2,033 | +€170 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €48,962 | €46,121 | -€2,841 | -5.8% |
| Income taxes | 67/77 | €13,659 | €15,208 | +€1,549 | +11.3% |
| Profit (loss) for the period | 9904 | €35,303 | €30,913 | -€4,390 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,303 | €30,913 | -€4,390 | -12.4% |
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 2 November 2026 via checked.be.