Kim Stessens: 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.
Kim Stessens
Largest movements
- Cash +€14,656
up €14,656 (+26.9%), from €54,470 to €69,125
mainly Other debts (+€29,444) and Receivables within one year (+€3,648)
- Receivables within one year -€3,648
down €3,648 (-65.2%), from €5,595 to €1,947
- Other debts +€29,444
up €29,444 (+106%), from €27,755 to €57,199
- Profit (loss) carried forward -€27,495
down €27,495 (-100%), from €27,495 to €0
- Reserves +€9,197
new in 2025: €9,197
- Trade debts -€797
down €797 (-25.2%), from €3,161 to €2,365
- Gross operating margin -€8,433
down €8,433 (-60.9%), from €13,843 to €5,410
- Financial charges +€2,147
up €2,147 (+1,821%), from €118 to €2,264
- Taxes -€1,887
down €1,887 (-75.3%), from €2,507 to €620
- Depreciation -€257
down €257 (-100%), from €257 to €0
- Other operating charges +€216
up €216 (+35.5%), from €608 to €824
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 | €60,912 | €71,950 | +€11,038 | +18.1% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €60,912 | €71,950 | +€11,038 | +18.1% |
| Amounts receivable within one year | 40/41 | €5,595 | €1,947 | -€3,648 | -65.2% |
| Other amounts receivable | 41 | €5,595 | €1,947 | -€3,648 | -65.2% |
| Cash at bank and in hand | 54/58 | €54,470 | €69,125 | +€14,656 | +26.9% |
| Deferred charges and accrued income | 490/1 | €847 | €878 | +€31 | +3.6% |
| Total equity and liabilities | 10/49 | €60,912 | €71,950 | +€11,038 | +18.1% |
| Equity | 10/15 | €29,995 | €11,697 | -€18,298 | -61.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €9,197 | +€9,197 | |
| Distributable reserves | 133 | - | €9,197 | +€9,197 | |
| Profit (loss) carried forward | 14 | €27,495 | €0 | -€27,495 | -100% |
| Amounts payable | 17/49 | €30,917 | €60,253 | +€29,336 | +94.9% |
| Amounts payable within one year | 42/48 | €30,917 | €60,253 | +€29,336 | +94.9% |
| Trade debts | 44 | €3,161 | €2,365 | -€797 | -25.2% |
| Suppliers | 440/4 | €3,161 | €2,365 | -€797 | -25.2% |
| Taxes, remuneration and social security | 45 | - | €689 | +€689 | |
| Taxes | 450/3 | - | €689 | +€689 | |
| Other amounts payable | 47/48 | €27,755 | €57,199 | +€29,444 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257 | €0 | -€257 | -100% |
| Other operating charges | 640/8 | €608 | €824 | +€216 | +35.5% |
| Gross operating margin | 9900 | €13,843 | €5,410 | -€8,433 | -60.9% |
| Operating profit (loss) | 9901 | €12,978 | €4,586 | -€8,392 | -64.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €118 | €2,264 | +€2,147 | +1,821% |
| Recurring financial charges | 65 | €118 | €2,264 | +€2,147 | +1,821% |
| Profit (loss) for the period before taxes | 9903 | €12,860 | €2,322 | -€10,538 | -81.9% |
| Income taxes | 67/77 | €2,507 | €620 | -€1,887 | -75.3% |
| Profit (loss) for the period | 9904 | €10,353 | €1,702 | -€8,651 | -83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,353 | €1,702 | -€8,651 | -83.6% |
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 28 October 2026 via checked.be.