Stan SESTIGH: 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.
Stan SESTIGH
Largest movements
- Tangible fixed assets +€20,573
up €20,573 (+349%), from €5,891 to €26,464
of which Plant, machinery and equipment: +€24,873
- Receivables within one year +€9,578
up €9,578 (+78.7%), from €12,172 to €21,750
of which Other amounts receivable: +€10,616
- Cash +€3,782
up €3,782 (+93.3%), from €4,055 to €7,837
mainly Debts after one year (+€28,160) and Depreciation (+€8,200)
- Deferred charges and accrued income -€809
down €809 (-44.1%), from €1,835 to €1,027
- Debts after one year +€28,160
new in 2025: €28,160
- Current portion of long-term debt +€7,975
new in 2025: €7,975
- Trade debts -€5,537
down €5,537 (-72.3%), from €7,663 to €2,126
- Reserves +€4,685
up €4,685 (+18.6%), from €25,173 to €29,858
- Tax, wage and social debts -€2,961
down €2,961 (-49.1%), from €6,030 to €3,069
of which Taxes: -€2,900
- Gross operating margin +€11,295
up €11,295 (+228%), from €4,944 to €16,239
- Depreciation +€3,901
up €3,901 (+90.7%), from €4,300 to €8,200
- Taxes +€1,194
up €1,194 (+2,204%), from €54 to €1,249
- Financial charges +€885
up €885 (+180%), from €490 to €1,376
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 | €43,953 | €77,078 | +€33,125 | +75.4% |
| Fixed assets | 21/28 | €5,891 | €26,464 | +€20,573 | +349% |
| Tangible fixed assets | 22/27 | €5,891 | €26,464 | +€20,573 | +349% |
| Plant, machinery and equipment | 23 | - | €24,873 | +€24,873 | |
| Furniture and vehicles | 24 | €5,891 | €1,592 | -€4,300 | -73.0% |
| Current assets | 29/58 | €38,062 | €50,614 | +€12,552 | +33.0% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Trade receivables | 290 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,172 | €21,750 | +€9,578 | +78.7% |
| Trade receivables | 40 | €7,541 | €6,503 | -€1,038 | -13.8% |
| Other amounts receivable | 41 | €4,630 | €15,246 | +€10,616 | +229% |
| Cash at bank and in hand | 54/58 | €4,055 | €7,837 | +€3,782 | +93.3% |
| Deferred charges and accrued income | 490/1 | €1,835 | €1,027 | -€809 | -44.1% |
| Total equity and liabilities | 10/49 | €43,953 | €77,078 | +€33,125 | +75.4% |
| Equity | 10/15 | €30,260 | €34,862 | +€4,602 | +15.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,173 | €29,858 | +€4,685 | +18.6% |
| Distributable reserves | 133 | €25,173 | €29,858 | +€4,685 | +18.6% |
| Profit (loss) carried forward | 14 | €87 | €4 | -€83 | -95.2% |
| Amounts payable | 17/49 | €13,693 | €42,216 | +€28,523 | +208% |
| Amounts payable after more than one year | 17 | - | €28,160 | +€28,160 | |
| Financial debts | 170/4 | - | €28,160 | +€28,160 | |
| Amounts payable within one year | 42/48 | €13,693 | €14,056 | +€363 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,975 | +€7,975 | |
| Trade debts | 44 | €7,663 | €2,126 | -€5,537 | -72.3% |
| Suppliers | 440/4 | €7,663 | €2,126 | -€5,537 | -72.3% |
| Taxes, remuneration and social security | 45 | €6,030 | €3,069 | -€2,961 | -49.1% |
| Taxes | 450/3 | €5,969 | €3,069 | -€2,900 | -48.6% |
| Remuneration and social security | 454/9 | €61 | - | -€61 | |
| Other amounts payable | 47/48 | - | €886 | +€886 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,300 | €8,200 | +€3,901 | +90.7% |
| Other operating charges | 640/8 | €642 | €767 | +€125 | +19.5% |
| Gross operating margin | 9900 | €4,944 | €16,239 | +€11,295 | +228% |
| Operating profit (loss) | 9901 | €3 | €7,272 | +€7,269 | +267,260% |
| Financial income | 75/76B | €629 | €787 | +€158 | +25.2% |
| Recurring financial income | 75 | €629 | €787 | +€158 | +25.2% |
| Financial charges | 65/66B | €490 | €1,376 | +€885 | +180% |
| Recurring financial charges | 65 | €490 | €1,376 | +€885 | +180% |
| Profit (loss) for the period before taxes | 9903 | €141 | €6,684 | +€6,543 | +4,637% |
| Income taxes | 67/77 | €54 | €1,249 | +€1,194 | +2,204% |
| Profit (loss) for the period | 9904 | €87 | €5,435 | +€5,348 | +6,154% |
| Profit (loss) for the period to be appropriated | 9905 | €87 | €5,435 | +€5,348 | +6,154% |
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 27 October 2026 via checked.be.