MATTI STIENS: what changed
MATTI STIENS
Largest movements
- Cash +€12,212
up €12,212 (+77.3%), from €15,792 to €28,005
mainly Other debts (+€23,431) and Receivables within one year (+€2,688)
- Receivables within one year -€2,688
no longer reported in 2025 (was €2,688)
of which Other amounts receivable: -€2,083
- Tangible fixed assets +€855
new in 2025: €855
- Other debts +€23,431
new in 2025: €23,431
- Profit (loss) carried forward -€12,844
down €12,844 (-621%), from -€2,069 to -€14,913
- Tax, wage and social debts -€2,653
down €2,653 (-52.9%), from €5,014 to €2,361
- Trade debts +€2,446
up €2,446 (+505%), from €485 to €2,930
of which Suppliers: +€2,930
- Gross operating margin -€25,698
down €25,698, from €14,895 to -€10,804
- Taxes -€2,688
down €2,688 (-88.2%), from €3,046 to €358
- Other operating charges -€965
no longer reported in 2025 (was €965)
- Financial charges +€439
new in 2025: €439
- Depreciation +€384
new in 2025: €384
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 | €18,480 | €28,860 | +€10,380 | +56.2% |
| Fixed assets | 21/28 | - | €855 | +€855 | |
| Tangible fixed assets | 22/27 | - | €855 | +€855 | |
| Plant, machinery and equipment | 23 | - | €855 | +€855 | |
| Current assets | 29/58 | €18,480 | €28,005 | +€9,524 | +51.5% |
| Amounts receivable within one year | 40/41 | €2,688 | - | -€2,688 | |
| Trade receivables | 40 | €605 | - | -€605 | |
| Other amounts receivable | 41 | €2,083 | - | -€2,083 | |
| Cash at bank and in hand | 54/58 | €15,792 | €28,005 | +€12,212 | +77.3% |
| Total equity and liabilities | 10/49 | €18,480 | €28,860 | +€10,380 | +56.2% |
| Equity | 10/15 | €12,982 | €138 | -€12,844 | -98.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,051 | €10,051 | = | 0.0% |
| Distributable reserves | 133 | €10,051 | €10,051 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,069 | -€14,913 | -€12,844 | -621% |
| Amounts payable | 17/49 | €5,499 | €28,722 | +€23,223 | +422% |
| Amounts payable within one year | 42/48 | €5,499 | €28,722 | +€23,223 | +422% |
| Trade debts | 44 | €485 | €2,930 | +€2,446 | +505% |
| Suppliers | 440/4 | - | €2,930 | +€2,930 | |
| Bills of exchange payable | 441 | €485 | - | -€485 | |
| Taxes, remuneration and social security | 45 | €5,014 | €2,361 | -€2,653 | -52.9% |
| Taxes | 450/3 | €5,014 | €2,361 | -€2,653 | -52.9% |
| Other amounts payable | 47/48 | - | €23,431 | +€23,431 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €384 | +€384 | |
| Other operating charges | 640/8 | €965 | - | -€965 | |
| Gross operating margin | 9900 | €14,895 | -€10,804 | -€25,698 | |
| Operating profit (loss) | 9901 | €13,929 | -€11,187 | -€25,117 | |
| Financial charges | 65/66B | - | €439 | +€439 | |
| Recurring financial charges | 65 | - | €439 | +€439 | |
| Profit (loss) for the period before taxes | 9903 | €13,929 | -€11,627 | -€25,556 | |
| Income taxes | 67/77 | €3,046 | €358 | -€2,688 | -88.2% |
| Profit (loss) for the period | 9904 | €10,884 | -€11,985 | -€22,868 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,884 | -€11,985 | -€22,868 |
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 7 November 2026 via checked.be.