STEF BOMANS: 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.
STEF BOMANS
Largest movements
- Tangible fixed assets +€9,372
up €9,372 (+660.9%), from €1,418 to €10,790
of which Furniture and vehicles: +€9,537
- Reserves +€20,638
up €20,638 (+61.4%), from €33,594 to €54,232
- Debts after one year -€17,459
down €17,459 (-30.5%), from €57,300 to €39,842
- Other debts +€6,063
up €6,063 (+36.0%), from €16,819 to €22,882
- Gross operating margin +€9,524
up €9,524 (+39.2%), from €24,313 to €33,837
- Taxes +€2,731
up €2,731 (+43.5%), from €6,276 to €9,007
- Depreciation -€999
down €999 (-49.8%), from €2,005 to €1,006
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 | €140,554 | €151,846 | +€11,293 | +8.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €133,028 | €142,400 | +€9,372 | +7.0% |
| Tangible fixed assets | 22/27 | €1,418 | €10,790 | +€9,372 | +660.9% |
| Plant, machinery and equipment | 23 | €500 | €335 | -€165 | -32.9% |
| Furniture and vehicles | 24 | €918 | €10,455 | +€9,537 | +1039.2% |
| Financial fixed assets | 28 | €131,610 | €131,610 | = | 0.0% |
| Current assets | 29/58 | €7,526 | €9,446 | +€1,920 | +25.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | - | €1,449 | +€1,449 | |
| Deferred charges and accrued income | 490/1 | €7,526 | €7,997 | +€471 | +6.3% |
| Total equity and liabilities | 10/49 | €140,554 | €151,846 | +€11,293 | +8.0% |
| Equity | 10/15 | €38,594 | €59,232 | +€20,638 | +53.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €33,594 | €54,232 | +€20,638 | +61.4% |
| Distributable reserves | 133 | €33,594 | €54,232 | +€20,638 | +61.4% |
| Amounts payable | 17/49 | €101,959 | €92,614 | -€9,345 | -9.2% |
| Amounts payable after more than one year | 17 | €57,300 | €39,842 | -€17,459 | -30.5% |
| Financial debts | 170/4 | €57,300 | €39,842 | -€17,459 | -30.5% |
| Amounts payable within one year | 42/48 | €43,388 | €51,379 | +€7,990 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €19,072 | €20,557 | +€1,485 | +7.8% |
| Trade debts | 44 | €1,365 | €583 | -€783 | -57.3% |
| Suppliers | 440/4 | €1,365 | €583 | -€783 | -57.3% |
| Taxes, remuneration and social security | 45 | €6,132 | €7,357 | +€1,225 | +20.0% |
| Taxes | 450/3 | €4,182 | €5,407 | +€1,225 | +29.3% |
| Remuneration and social security | 454/9 | €1,950 | €1,950 | = | 0.0% |
| Other amounts payable | 47/48 | €16,819 | €22,882 | +€6,063 | +36.0% |
| Accrued charges and deferred income | 492/3 | €1,271 | €1,394 | +€123 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,005 | €1,006 | -€999 | -49.8% |
| Other operating charges | 640/8 | €729 | €735 | +€5 | +0.8% |
| Gross operating margin | 9900 | €24,313 | €33,837 | +€9,524 | +39.2% |
| Operating profit (loss) | 9901 | €21,579 | €32,096 | +€10,517 | +48.7% |
| Financial income | 75/76B | €25 | €0 | -€25 | -100.0% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -100.0% |
| Financial charges | 65/66B | €2,640 | €2,451 | -€189 | -7.2% |
| Recurring financial charges | 65 | €2,640 | €2,451 | -€189 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €18,964 | €29,645 | +€10,681 | +56.3% |
| Income taxes | 67/77 | €6,276 | €9,007 | +€2,731 | +43.5% |
| Profit (loss) for the period | 9904 | €12,687 | €20,638 | +€7,951 | +62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,687 | €20,638 | +€7,951 | +62.7% |
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.