Stappin Limburg: what changed
Stappin Limburg
Largest movements
- Cash -€24,667
down €24,667 (-67.1%), from €36,776 to €12,110
mainly Investment in fixed assets (net) (-€35,895) and Net result for the year (-€19,624)
- Tangible fixed assets +€11,712
up €11,712 (+29.9%), from €39,122 to €50,834
- Receivables within one year -€11,004
down €11,004 (-44.5%), from €24,741 to €13,737
of which Other amounts receivable: -€8,198
- Profit (loss) carried forward -€12,971
new in 2025: -€12,971
- Debts after one year -€11,984
down €11,984 (-25.5%), from €46,937 to €34,953
- Trade debts +€7,749
up €7,749 (+25.3%), from €30,592 to €38,341
- Reserves -€6,654
down €6,654 (-100%), from €6,654 to €0
- Depreciation +€22,293
up €22,293 (+993%), from €2,245 to €24,538
- Financial charges +€3,523
up €3,523 (+386%), from €913 to €4,435
- Gross operating margin -€1,260
down €1,260 (-11.4%), from €11,040 to €9,780
- Taxes -€841
down €841 (-100%), from €841 to €0
- Other operating charges +€138
up €138 (+35.7%), from €387 to €526
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 | €102,481 | €77,843 | -€24,637 | -24.0% |
| Formation expenses | 20 | €1,518 | €1,163 | -€355 | -23.4% |
| Fixed assets | 21/28 | €39,122 | €50,834 | +€11,712 | +29.9% |
| Tangible fixed assets | 22/27 | €39,122 | €50,834 | +€11,712 | +29.9% |
| Plant, machinery and equipment | 23 | €39,122 | €50,834 | +€11,712 | +29.9% |
| Current assets | 29/58 | €61,841 | €25,847 | -€35,994 | -58.2% |
| Amounts receivable within one year | 40/41 | €24,741 | €13,737 | -€11,004 | -44.5% |
| Trade receivables | 40 | €15,910 | €13,105 | -€2,805 | -17.6% |
| Other amounts receivable | 41 | €8,831 | €632 | -€8,198 | -92.8% |
| Cash at bank and in hand | 54/58 | €36,776 | €12,110 | -€24,667 | -67.1% |
| Deferred charges and accrued income | 490/1 | €324 | €0 | -€324 | -100% |
| Total equity and liabilities | 10/49 | €102,481 | €77,843 | -€24,637 | -24.0% |
| Equity | 10/15 | €11,654 | -€7,971 | -€19,624 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,654 | €0 | -€6,654 | -100% |
| Distributable reserves | 133 | €6,654 | €0 | -€6,654 | -100% |
| Profit (loss) carried forward | 14 | - | -€12,971 | -€12,971 | |
| Amounts payable | 17/49 | €90,827 | €85,814 | -€5,013 | -5.5% |
| Amounts payable after more than one year | 17 | €46,937 | €34,953 | -€11,984 | -25.5% |
| Financial debts | 170/4 | €46,937 | €34,953 | -€11,984 | -25.5% |
| Amounts payable within one year | 42/48 | €43,890 | €50,861 | +€6,971 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €11,984 | €11,984 | = | 0.0% |
| Trade debts | 44 | €30,592 | €38,341 | +€7,749 | +25.3% |
| Suppliers | 440/4 | €30,592 | €38,341 | +€7,749 | +25.3% |
| Taxes, remuneration and social security | 45 | €1,313 | €535 | -€778 | -59.2% |
| Taxes | 450/3 | €1,313 | €535 | -€778 | -59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,245 | €24,538 | +€22,293 | +993% |
| Other operating charges | 640/8 | €387 | €526 | +€138 | +35.7% |
| Gross operating margin | 9900 | €11,040 | €9,780 | -€1,260 | -11.4% |
| Operating profit (loss) | 9901 | €8,408 | -€15,284 | -€23,692 | |
| Financial income | 75/76B | - | €95 | +€95 | |
| Recurring financial income | 75 | - | €95 | +€95 | |
| Financial charges | 65/66B | €913 | €4,435 | +€3,523 | +386% |
| Recurring financial charges | 65 | €913 | €4,435 | +€3,523 | +386% |
| Profit (loss) for the period before taxes | 9903 | €7,495 | -€19,624 | -€27,120 | |
| Income taxes | 67/77 | €841 | €0 | -€841 | -100% |
| Profit (loss) for the period | 9904 | €6,654 | -€19,624 | -€26,278 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,654 | -€19,624 | -€26,278 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.