Stef Parys: 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 Parys
Largest movements
- Cash +€27,020
up €27,020 (+59.8%), from €45,195 to €72,215
mainly Depreciation (+€35,522) and Debts after one year (+€10,207)
- Tangible fixed assets +€6,556
up €6,556 (+6.9%), from €95,103 to €101,659
of which Leasing and similar rights: +€17,696
- Debts after one year +€10,207
up €10,207 (+30.8%), from €33,121 to €43,328
- Trade debts +€10,061
up €10,061 (+204%), from €4,936 to €14,997
- Current portion of long-term debt +€8,547
up €8,547 (+56.9%), from €15,012 to €23,559
- Reserves +€2,088
up €2,088 (+3.5%), from €60,307 to €62,395
- Depreciation +€9,576
up €9,576 (+36.9%), from €25,946 to €35,522
- Gross operating margin -€8,591
down €8,591 (-15.8%), from €54,507 to €45,917
- Taxes -€3,491
down €3,491 (-61.0%), from €5,723 to €2,232
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 | €165,886 | €197,887 | +€32,002 | +19.3% |
| Fixed assets | 21/28 | €95,103 | €101,659 | +€6,556 | +6.9% |
| Tangible fixed assets | 22/27 | €95,103 | €101,659 | +€6,556 | +6.9% |
| Plant, machinery and equipment | 23 | €29,154 | €19,635 | -€9,519 | -32.7% |
| Furniture and vehicles | 24 | €2,351 | €1,763 | -€588 | -25.0% |
| Leasing and similar rights | 25 | €57,282 | €74,978 | +€17,696 | +30.9% |
| Other tangible fixed assets | 26 | €6,316 | €5,282 | -€1,034 | -16.4% |
| Current assets | 29/58 | €70,783 | €96,229 | +€25,446 | +35.9% |
| Amounts receivable within one year | 40/41 | €22,388 | €22,541 | +€153 | +0.7% |
| Trade receivables | 40 | €16,652 | €16,592 | -€60 | -0.4% |
| Other amounts receivable | 41 | €5,736 | €5,949 | +€213 | +3.7% |
| Cash at bank and in hand | 54/58 | €45,195 | €72,215 | +€27,020 | +59.8% |
| Deferred charges and accrued income | 490/1 | €3,200 | €1,473 | -€1,727 | -54.0% |
| Total equity and liabilities | 10/49 | €165,886 | €197,887 | +€32,002 | +19.3% |
| Equity | 10/15 | €65,307 | €67,395 | +€2,088 | +3.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €60,307 | €62,395 | +€2,088 | +3.5% |
| Distributable reserves | 133 | €60,307 | €62,395 | +€2,088 | +3.5% |
| Amounts payable | 17/49 | €100,579 | €130,492 | +€29,914 | +29.7% |
| Amounts payable after more than one year | 17 | €33,121 | €43,328 | +€10,207 | +30.8% |
| Financial debts | 170/4 | €33,121 | €43,328 | +€10,207 | +30.8% |
| Amounts payable within one year | 42/48 | €67,458 | €87,164 | +€19,706 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €15,012 | €23,559 | +€8,547 | +56.9% |
| Trade debts | 44 | €4,936 | €14,997 | +€10,061 | +204% |
| Suppliers | 440/4 | €4,936 | €14,997 | +€10,061 | +204% |
| Taxes, remuneration and social security | 45 | €10,737 | €10,055 | -€682 | -6.4% |
| Taxes | 450/3 | €6,537 | €7,955 | +€1,418 | +21.7% |
| Remuneration and social security | 454/9 | €4,200 | €2,100 | -€2,100 | -50.0% |
| Other amounts payable | 47/48 | €36,774 | €38,554 | +€1,780 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,946 | €35,522 | +€9,576 | +36.9% |
| Other operating charges | 640/8 | €2,512 | €2,291 | -€221 | -8.8% |
| Gross operating margin | 9900 | €54,507 | €45,917 | -€8,591 | -15.8% |
| Operating profit (loss) | 9901 | €26,049 | €8,104 | -€17,945 | -68.9% |
| Financial income | 75/76B | €148 | €4 | -€144 | -97.6% |
| Recurring financial income | 75 | €148 | €4 | -€144 | -97.6% |
| Financial charges | 65/66B | €3,368 | €3,788 | +€419 | +12.4% |
| Recurring financial charges | 65 | €2,868 | €3,788 | +€919 | +32.0% |
| Non-recurring financial charges | 66B | €500 | - | -€500 | |
| Profit (loss) for the period before taxes | 9903 | €22,829 | €4,320 | -€18,509 | -81.1% |
| Income taxes | 67/77 | €5,723 | €2,232 | -€3,491 | -61.0% |
| Profit (loss) for the period | 9904 | €17,106 | €2,088 | -€15,018 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,106 | €2,088 | -€15,018 | -87.8% |
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 16 October 2026 via checked.be.