ROEL STUKKEN: what changed
ROEL STUKKEN
Largest movements
- Stocks and contracts +€12,170
up €12,170 (+395%), from €3,081 to €15,251
- Receivables within one year -€10,330
down €10,330 (-10.1%), from €101,833 to €91,503
of which Trade receivables: -€14,442
- Tangible fixed assets -€2,780
down €2,780 (-19.2%), from €14,513 to €11,733
of which Leasing and similar rights: -€9,316
- Cash +€1,362
up €1,362 (+20.9%), from €6,515 to €7,878
mainly Short-term financial debts (+€20,000) and Receivables within one year (+€10,330)
- Short-term financial debts +€20,000
new in 2025: €20,000
- Trade debts -€9,469
down €9,469 (-40.8%), from €23,213 to €13,744
- Other debts +€8,141
up €8,141 (+22.0%), from €37,046 to €45,188
- Current portion of long-term debt -€7,766
down €7,766 (-100%), from €7,766 to €0
- Debts after one year -€5,347
down €5,347 (-100%), from €5,347 to €0
- Gross operating margin -€20,498
down €20,498 (-66.4%), from €30,848 to €10,350
- Financial charges -€2,409
down €2,409 (-93.1%), from €2,587 to €178
- Taxes -€1,439
down €1,439 (-85.0%), from €1,693 to €254
- Depreciation +€320
up €320 (+3.6%), from €8,845 to €9,165
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 | €125,942 | €126,365 | +€422 | +0.3% |
| Fixed assets | 21/28 | €14,513 | €11,733 | -€2,780 | -19.2% |
| Tangible fixed assets | 22/27 | €14,513 | €11,733 | -€2,780 | -19.2% |
| Plant, machinery and equipment | 23 | €3,508 | €4,290 | +€781 | +22.3% |
| Furniture and vehicles | 24 | €1,689 | €7,443 | +€5,754 | +341% |
| Leasing and similar rights | 25 | €9,316 | €0 | -€9,316 | -100% |
| Current assets | 29/58 | €111,429 | €114,632 | +€3,203 | +2.9% |
| Stocks and contracts in progress | 3 | €3,081 | €15,251 | +€12,170 | +395% |
| Stocks | 30/36 | €3,081 | €15,251 | +€12,170 | +395% |
| Amounts receivable within one year | 40/41 | €101,833 | €91,503 | -€10,330 | -10.1% |
| Trade receivables | 40 | €98,922 | €84,480 | -€14,442 | -14.6% |
| Other amounts receivable | 41 | €2,911 | €7,023 | +€4,112 | +141% |
| Cash at bank and in hand | 54/58 | €6,515 | €7,878 | +€1,362 | +20.9% |
| Total equity and liabilities | 10/49 | €125,942 | €126,365 | +€422 | +0.3% |
| Equity | 10/15 | €47,595 | €47,179 | -€417 | -0.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,578 | €1,578 | = | 0.0% |
| Distributable reserves | 133 | €1,578 | €1,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,617 | €33,201 | -€417 | -1.2% |
| Amounts payable | 17/49 | €78,347 | €79,186 | +€839 | +1.1% |
| Amounts payable after more than one year | 17 | €5,347 | €0 | -€5,347 | -100% |
| Financial debts | 170/4 | €5,347 | €0 | -€5,347 | -100% |
| Amounts payable within one year | 42/48 | €73,000 | €79,186 | +€6,186 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €7,766 | €0 | -€7,766 | -100% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Credit institutions | 430/8 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €23,213 | €13,744 | -€9,469 | -40.8% |
| Suppliers | 440/4 | €23,213 | €13,744 | -€9,469 | -40.8% |
| Taxes, remuneration and social security | 45 | €4,975 | €254 | -€4,721 | -94.9% |
| Taxes | 450/3 | €4,975 | €254 | -€4,721 | -94.9% |
| Other amounts payable | 47/48 | €37,046 | €45,188 | +€8,141 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,845 | €9,165 | +€320 | +3.6% |
| Other operating charges | 640/8 | €1,099 | €1,181 | +€82 | +7.5% |
| Gross operating margin | 9900 | €30,848 | €10,350 | -€20,498 | -66.4% |
| Operating profit (loss) | 9901 | €20,904 | €4 | -€20,900 | -100.0% |
| Financial income | 75/76B | €25 | €12 | -€13 | -52.2% |
| Recurring financial income | 75 | €25 | €12 | -€13 | -52.2% |
| Financial charges | 65/66B | €2,587 | €178 | -€2,409 | -93.1% |
| Recurring financial charges | 65 | €2,587 | €178 | -€2,409 | -93.1% |
| Profit (loss) for the period before taxes | 9903 | €18,342 | -€162 | -€18,505 | |
| Income taxes | 67/77 | €1,693 | €254 | -€1,439 | -85.0% |
| Profit (loss) for the period | 9904 | €16,649 | -€417 | -€17,065 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,649 | -€417 | -€17,065 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.