Stadsmakersfonds: 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.
Stadsmakersfonds
Largest movements
- Receivables after one year +€1.5m
new in 2025: €1.5m
- Cash -€481,460
down €481,460 (-73.5%), from €654,682 to €173,222
mainly Receivables after one year (-€1.5m) and Net result for the year (-€94,753)
- Receivables within one year -€178,905
down €178,905 (-7.9%), from €2.3m to €2.1m
of which Other amounts receivable: -€198,333
- Deferred charges and accrued income +€69,390
up €69,390 (+1163.8%), from €5,962 to €75,352
- Contributions +€1.0m
up €1.0m (+22.7%), from €4.5m to €5.5m
- Profit (loss) carried forward -€94,753
down €94,753 (-43.0%), from -€220,411 to -€315,164
- Financial income +€46,591
up €46,591 (+87.8%), from €53,094 to €99,685
- Gross operating margin -€33,424
down €33,424 (-26.4%), from -€126,821 to -€160,246
- Financial charges +€27,127
up €27,127 (+636.9%), from €4,260 to €31,387
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.
Cash bridge derived
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 | €4,839,045 | €5,784,770 | +€945,726 | +19.5% |
| Fixed assets | 21/28 | €1,927,246 | €1,925,731 | -€1,515 | -0.1% |
| Intangible fixed assets | 21 | €2,780 | €1,265 | -€1,515 | -54.5% |
| Financial fixed assets | 28 | €1,924,466 | €1,924,466 | = | 0.0% |
| Current assets | 29/58 | €2,911,799 | €3,859,040 | +€947,241 | +32.5% |
| Amounts receivable after more than one year | 29 | - | €1,538,216 | +€1.5m | |
| Other amounts receivable | 291 | - | €1,538,216 | +€1.5m | |
| Amounts receivable within one year | 40/41 | €2,251,155 | €2,072,249 | -€178,905 | -7.9% |
| Trade receivables | 40 | €257,825 | €277,252 | +€19,427 | +7.5% |
| Other amounts receivable | 41 | €1,993,330 | €1,794,997 | -€198,333 | -9.9% |
| Cash at bank and in hand | 54/58 | €654,682 | €173,222 | -€481,460 | -73.5% |
| Deferred charges and accrued income | 490/1 | €5,962 | €75,352 | +€69,390 | +1163.8% |
| Total equity and liabilities | 10/49 | €4,839,045 | €5,784,770 | +€945,726 | +19.5% |
| Equity | 10/15 | €4,289,789 | €5,220,676 | +€930,887 | +21.7% |
| Contributions | 10/11 | €4,510,200 | €5,535,840 | +€1.0m | +22.7% |
| Profit (loss) carried forward | 14 | -€220,411 | -€315,164 | -€94,753 | -43.0% |
| Amounts payable | 17/49 | €549,256 | €564,094 | +€14,838 | +2.7% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 170/4 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €49,256 | €64,094 | +€14,838 | +30.1% |
| Trade debts | 44 | €46,023 | €59,522 | +€13,499 | +29.3% |
| Suppliers | 440/4 | €46,023 | €59,522 | +€13,499 | +29.3% |
| Other amounts payable | 47/48 | €3,233 | €4,573 | +€1,339 | +41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,515 | €1,515 | = | 0.0% |
| Other operating charges | 640/8 | €1,163 | €1,290 | +€127 | +11.0% |
| Gross operating margin | 9900 | -€126,821 | -€160,246 | -€33,424 | -26.4% |
| Operating profit (loss) | 9901 | -€129,499 | -€163,051 | -€33,552 | -25.9% |
| Financial income | 75/76B | €53,094 | €99,685 | +€46,591 | +87.8% |
| Recurring financial income | 75 | €53,094 | €99,685 | +€46,591 | +87.8% |
| Financial charges | 65/66B | €4,260 | €31,387 | +€27,127 | +636.9% |
| Recurring financial charges | 65 | €4,260 | €31,387 | +€27,127 | +636.9% |
| Profit (loss) for the period before taxes | 9903 | -€80,665 | -€94,753 | -€14,088 | -17.5% |
| Profit (loss) for the period | 9904 | -€80,665 | -€94,753 | -€14,088 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,665 | -€94,753 | -€14,088 | -17.5% |
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 12 October 2026 via checked.be.