Stadsman Projects: what changed
Two fiscal 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.
Stadsman Projects
Largest movements
- Receivables within one year +€6,919
up €6,919 (+3.9%), from €177,438 to €184,357
of which Trade receivables: +€8,434
- Other debts +€68,000
new in 2025: €68,000
- Trade debts -€32,953
down €32,953 (-79.9%), from €41,237 to €8,284
- Tax, wage and social debts -€20,585
no longer reported in 2025 (was €20,585)
- Profit (loss) carried forward -€3,658
down €3,658 (-51.7%), from €7,081 to €3,423
- Provisions -€3,000
down €3,000 (-50.0%), from €6,000 to €3,000
- Gross operating margin -€71,028
down €71,028, from €65,681 to -€5,347
- Other operating charges -€40,335
down €40,335 (-97.3%), from €41,454 to €1,118
- Provisions -€9,000
down €9,000, from €6,000 to -€3,000
- Financial charges -€7,163
down €7,163 (-93.8%), from €7,639 to €476
- Taxes -€5,283
down €5,283, from €5,000 to -€283
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 | €181,304 | €189,107 | +€7,804 | +4.3% |
| Current assets | 29/58 | €181,304 | €189,107 | +€7,804 | +4.3% |
| Amounts receivable within one year | 40/41 | €177,438 | €184,357 | +€6,919 | +3.9% |
| Trade receivables | 40 | - | €8,434 | +€8,434 | |
| Other amounts receivable | 41 | €177,438 | €175,923 | -€1,515 | -0.9% |
| Cash at bank and in hand | 54/58 | €3,865 | €4,751 | +€885 | +22.9% |
| Total equity and liabilities | 10/49 | €181,304 | €189,107 | +€7,804 | +4.3% |
| Equity | 10/15 | €113,481 | €109,823 | -€3,658 | -3.2% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,081 | €3,423 | -€3,658 | -51.7% |
| Provisions and deferred taxes | 16 | €6,000 | €3,000 | -€3,000 | -50.0% |
| Provisions for liabilities and charges | 160/5 | €6,000 | €3,000 | -€3,000 | -50.0% |
| Environmental obligations | 163 | €6,000 | €3,000 | -€3,000 | -50.0% |
| Amounts payable | 17/49 | €61,822 | €76,284 | +€14,462 | +23.4% |
| Amounts payable within one year | 42/48 | €61,822 | €76,284 | +€14,462 | +23.4% |
| Trade debts | 44 | €41,237 | €8,284 | -€32,953 | -79.9% |
| Suppliers | 440/4 | €41,237 | €8,284 | -€32,953 | -79.9% |
| Taxes, remuneration and social security | 45 | €20,585 | - | -€20,585 | |
| Taxes | 450/3 | €20,585 | - | -€20,585 | |
| Other amounts payable | 47/48 | - | €68,000 | +€68,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €6,000 | -€3,000 | -€9,000 | |
| Other operating charges | 640/8 | €41,454 | €1,118 | -€40,335 | -97.3% |
| Gross operating margin | 9900 | €65,681 | -€5,347 | -€71,028 | |
| Operating profit (loss) | 9901 | €18,227 | -€3,465 | -€21,693 | |
| Financial charges | 65/66B | €7,639 | €476 | -€7,163 | -93.8% |
| Recurring financial charges | 65 | €7,639 | €476 | -€7,163 | -93.8% |
| Profit (loss) for the period before taxes | 9903 | €10,589 | -€3,941 | -€14,530 | |
| Income taxes | 67/77 | €5,000 | -€283 | -€5,283 | |
| Profit (loss) for the period | 9904 | €5,589 | -€3,658 | -€9,246 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,589 | -€3,658 | -€9,246 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.