STEF VAN HOYE: 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 VAN HOYE
Largest movements
- Cash +€58,651
up €58,651 (+1,401%), from €4,187 to €62,838
mainly Contributions, distributions and other (+€32,461) and Other debts (+€26,760)
- Other debts +€26,760
new in 2025: €26,760
- Profit (loss) carried forward +€23,196
no longer reported in 2025 (was -€23,196)
- Contributions +€14,368
up €14,368, from €0 to €14,368
- Debts after one year -€7,000
down €7,000 (-31.8%), from €22,000 to €15,000
- Short-term financial debts +€877
up €877 (+13.7%), from €6,408 to €7,285
- Turnover -€89,759
no longer reported in 2025 (was €89,759)
- Purchases and services -€81,323
no longer reported in 2025 (was €81,323)
- Staff costs -€22,000
no longer reported in 2025 (was €22,000)
- Gross operating margin +€8,436
new in 2025: €8,436
- Taxes +€1,282
up €1,282, from €0 to €1,282
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 | €5,212 | €63,413 | +€58,201 | +1,117% |
| Fixed assets | 21/28 | €1,025 | €575 | -€450 | -43.9% |
| Tangible fixed assets | 22/27 | €1,025 | €575 | -€450 | -43.9% |
| Plant, machinery and equipment | 23 | - | €575 | +€575 | |
| Furniture and vehicles | 24 | €1,025 | - | -€1,025 | |
| Current assets | 29/58 | €4,187 | €62,838 | +€58,651 | +1,401% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,187 | €62,838 | +€58,651 | +1,401% |
| Total equity and liabilities | 10/49 | €5,212 | €63,413 | +€58,201 | +1,117% |
| Equity | 10/15 | -€23,196 | €14,368 | +€37,564 | |
| Contributions | 10/11 | €0 | €14,368 | +€14,368 | |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€23,196 | - | +€23,196 | |
| Amounts payable | 17/49 | €28,408 | €49,045 | +€20,637 | +72.6% |
| Amounts payable after more than one year | 17 | €22,000 | €15,000 | -€7,000 | -31.8% |
| Financial debts | 170/4 | €22,000 | €15,000 | -€7,000 | -31.8% |
| Amounts payable within one year | 42/48 | €6,408 | €34,045 | +€27,637 | +431% |
| Financial debts | 43 | €6,408 | €7,285 | +€877 | +13.7% |
| Credit institutions | 430/8 | €6,408 | €7,285 | +€877 | +13.7% |
| Other amounts payable | 47/48 | - | €26,760 | +€26,760 | |
| Turnover | 70 | €89,759 | - | -€89,759 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €81,323 | - | -€81,323 | |
| Remuneration, social security and pensions | 62 | €22,000 | - | -€22,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €900 | €450 | -€450 | -50.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €0 | €1,040 | +€1,040 | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | - | €8,436 | +€8,436 | |
| Operating profit (loss) | 9901 | -€22,900 | €6,946 | +€29,846 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €296 | €561 | +€265 | +89.5% |
| Recurring financial charges | 65 | €296 | €561 | +€265 | +89.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€23,196 | €6,385 | +€29,581 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €0 | €1,282 | +€1,282 | |
| Profit (loss) for the period | 9904 | -€23,196 | €5,103 | +€28,299 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,196 | €5,103 | +€28,299 |
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 29 October 2026 via checked.be.