STANY WOUTERS: 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.
STANY WOUTERS
Largest movements
- Cash +€1.0m
up €1.0m (+551%), from €188,775 to €1.2m
mainly Net result for the year (+€1.3m) and Investment in fixed assets (net) (+€127,727)
- Receivables within one year +€336,933
up €336,933 (+327%), from €103,043 to €439,976
of which Other amounts receivable: +€339,294
- Financial fixed assets -€127,727
down €127,727 (-13.6%), from €938,545 to €810,818
- Reserves +€1.2m
up €1.2m (+138%), from €894,664 to €2.1m
- Tax, wage and social debts +€105,708
up €105,708 (+1,122%), from €9,419 to €115,127
of which Taxes: +€107,808
- Debts after one year -€60,000
down €60,000 (-25.0%), from €240,000 to €180,000
- Other debts -€39,842
down €39,842 (-88.8%), from €44,874 to €5,031
- Financial income +€1.3m
up €1.3m (+1,255%), from €101,570 to €1.4m
of which Non-recurring financial income: +€872,273
- Taxes +€123,145
up €123,145 (+300%), from €41,039 to €164,185
- Other operating charges -€6,583
down €6,583 (-89.5%), from €7,353 to €770
- Financial charges +€5,441
up €5,441 (+40.0%), from €13,602 to €19,043
- Gross operating margin +€3,896
up €3,896 (+2.9%), from €133,069 to €136,964
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 | €1,260,085 | €2,501,023 | +€1.2m | +98.5% |
| Fixed assets | 21/28 | €964,645 | €831,391 | -€133,254 | -13.8% |
| Tangible fixed assets | 22/27 | €26,099 | €20,572 | -€5,527 | -21.2% |
| Plant, machinery and equipment | 23 | €357 | €227 | -€130 | -36.4% |
| Furniture and vehicles | 24 | €9,344 | €8,647 | -€696 | -7.5% |
| Other tangible fixed assets | 26 | €16,398 | €11,698 | -€4,701 | -28.7% |
| Financial fixed assets | 28 | €938,545 | €810,818 | -€127,727 | -13.6% |
| Current assets | 29/58 | €295,441 | €1,669,632 | +€1.4m | +465% |
| Amounts receivable within one year | 40/41 | €103,043 | €439,976 | +€336,933 | +327% |
| Trade receivables | 40 | €2,381 | €20 | -€2,361 | -99.2% |
| Other amounts receivable | 41 | €100,662 | €439,956 | +€339,294 | +337% |
| Cash at bank and in hand | 54/58 | €188,775 | €1,228,025 | +€1.0m | +551% |
| Deferred charges and accrued income | 490/1 | €3,623 | €1,631 | -€1,992 | -55.0% |
| Total equity and liabilities | 10/49 | €1,260,085 | €2,501,023 | +€1.2m | +98.5% |
| Equity | 10/15 | €895,664 | €2,126,227 | +€1.2m | +137% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €894,664 | €2,125,227 | +€1.2m | +138% |
| Distributable reserves | 133 | €894,664 | €2,125,227 | +€1.2m | +138% |
| Amounts payable | 17/49 | €364,422 | €374,796 | +€10,374 | +2.8% |
| Amounts payable after more than one year | 17 | €240,000 | €180,000 | -€60,000 | -25.0% |
| Financial debts | 170/4 | €240,000 | €180,000 | -€60,000 | -25.0% |
| Amounts payable within one year | 42/48 | €119,184 | €191,214 | +€72,030 | +60.4% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €4,891 | €11,055 | +€6,164 | +126% |
| Suppliers | 440/4 | €4,891 | €11,055 | +€6,164 | +126% |
| Taxes, remuneration and social security | 45 | €9,419 | €115,127 | +€105,708 | +1,122% |
| Taxes | 450/3 | €7,319 | €115,127 | +€107,808 | +1,473% |
| Remuneration and social security | 454/9 | €2,100 | - | -€2,100 | |
| Other amounts payable | 47/48 | €44,874 | €5,031 | -€39,842 | -88.8% |
| Accrued charges and deferred income | 492/3 | €5,238 | €3,581 | -€1,656 | -31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,828 | €5,527 | -€301 | -5.2% |
| Other operating charges | 640/8 | €7,353 | €770 | -€6,583 | -89.5% |
| Gross operating margin | 9900 | €133,069 | €136,964 | +€3,896 | +2.9% |
| Operating profit (loss) | 9901 | €119,887 | €130,668 | +€10,780 | +9.0% |
| Financial income | 75/76B | €101,570 | €1,376,076 | +€1.3m | +1,255% |
| Recurring financial income | 75 | €101,570 | €503,803 | +€402,232 | +396% |
| Non-recurring financial income | 76B | - | €872,273 | +€872,273 | |
| Financial charges | 65/66B | €13,602 | €19,043 | +€5,441 | +40.0% |
| Recurring financial charges | 65 | €13,602 | €19,043 | +€5,441 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €207,856 | €1,487,701 | +€1.3m | +616% |
| Income taxes | 67/77 | €41,039 | €164,185 | +€123,145 | +300% |
| Profit (loss) for the period | 9904 | €166,817 | €1,323,516 | +€1.2m | +693% |
| Profit (loss) for the period to be appropriated | 9905 | €166,817 | €1,323,516 | +€1.2m | +693% |
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 1 November 2026 via checked.be.