NIJSTEN STEFAN: 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.
NIJSTEN STEFAN
Largest movements
- Cash +€24,865
up €24,865 (+34.4%), from €72,352 to €97,217
mainly Receivables within one year (+€24,721) and Depreciation (+€11,052)
- Receivables within one year -€24,721
down €24,721 (-80.8%), from €30,591 to €5,869
of which Trade receivables: -€19,585
- Tangible fixed assets -€9,982
down €9,982 (-14.5%), from €68,866 to €58,884
of which Land and buildings: -€5,166
- Debts after one year -€8,709
down €8,709 (-26.4%), from €33,010 to €24,301
- Profit (loss) carried forward -€3,114
new in 2025: -€3,114
- Gross operating margin -€55,897
down €55,897 (-79.6%), from €70,246 to €14,350
- Taxes -€14,420
down €14,420 (-100.0%), from €14,420 to €0
- Financial income -€2,222
down €2,222 (-72.7%), from €3,058 to €836
- Financial charges -€733
down €733 (-14.9%), from €4,921 to €4,188
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 | €193,012 | €183,369 | -€9,644 | -5.0% |
| Fixed assets | 21/28 | €68,866 | €58,884 | -€9,982 | -14.5% |
| Tangible fixed assets | 22/27 | €68,866 | €58,884 | -€9,982 | -14.5% |
| Land and buildings | 22 | €51,952 | €46,786 | -€5,166 | -9.9% |
| Plant, machinery and equipment | 23 | €15,343 | €10,937 | -€4,406 | -28.7% |
| Furniture and vehicles | 24 | €1,571 | €1,161 | -€410 | -26.1% |
| Current assets | 29/58 | €124,146 | €124,485 | +€338 | +0.3% |
| Stocks and contracts in progress | 3 | €16,792 | €16,953 | +€160 | +1.0% |
| Stocks | 30/36 | €16,792 | €16,953 | +€160 | +1.0% |
| Amounts receivable within one year | 40/41 | €30,591 | €5,869 | -€24,721 | -80.8% |
| Trade receivables | 40 | €24,455 | €4,870 | -€19,585 | -80.1% |
| Other amounts receivable | 41 | €6,136 | €1,000 | -€5,136 | -83.7% |
| Cash at bank and in hand | 54/58 | €72,352 | €97,217 | +€24,865 | +34.4% |
| Deferred charges and accrued income | 490/1 | €4,411 | €4,445 | +€34 | +0.8% |
| Total equity and liabilities | 10/49 | €193,012 | €183,369 | -€9,644 | -5.0% |
| Equity | 10/15 | €107,062 | €103,949 | -€3,114 | -2.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €88,512 | €88,512 | = | 0.0% |
| Distributable reserves | 133 | €88,512 | €88,512 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,114 | -€3,114 | |
| Amounts payable | 17/49 | €85,950 | €79,420 | -€6,530 | -7.6% |
| Amounts payable after more than one year | 17 | €33,010 | €24,301 | -€8,709 | -26.4% |
| Financial debts | 170/4 | €33,010 | €24,301 | -€8,709 | -26.4% |
| Amounts payable within one year | 42/48 | €52,940 | €55,119 | +€2,179 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €8,344 | €8,709 | +€365 | +4.4% |
| Trade debts | 44 | €5,801 | €6,458 | +€658 | +11.3% |
| Suppliers | 440/4 | €5,801 | €6,458 | +€658 | +11.3% |
| Advances received on contracts in progress | 46 | €7,361 | €8,020 | +€659 | +9.0% |
| Taxes, remuneration and social security | 45 | €14,639 | €14,372 | -€267 | -1.8% |
| Taxes | 450/3 | €14,639 | €14,372 | -€267 | -1.8% |
| Other amounts payable | 47/48 | €16,796 | €17,560 | +€764 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,380 | €11,052 | -€328 | -2.9% |
| Other operating charges | 640/8 | €2,975 | €3,059 | +€84 | +2.8% |
| Gross operating margin | 9900 | €70,246 | €14,350 | -€55,897 | -79.6% |
| Operating profit (loss) | 9901 | €55,892 | €239 | -€55,653 | -99.6% |
| Financial income | 75/76B | €3,058 | €836 | -€2,222 | -72.7% |
| Recurring financial income | 75 | €3,058 | €836 | -€2,222 | -72.7% |
| Financial charges | 65/66B | €4,921 | €4,188 | -€733 | -14.9% |
| Recurring financial charges | 65 | €4,921 | €4,188 | -€733 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €54,028 | -€3,114 | -€57,142 | |
| Income taxes | 67/77 | €14,420 | €0 | -€14,420 | -100.0% |
| Profit (loss) for the period | 9904 | €39,608 | -€3,114 | -€42,721 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,608 | -€3,114 | -€42,721 |
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 19 October 2026 via checked.be.