STEFAN SOMERS: 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.
STEFAN SOMERS
Largest movements
- Tangible fixed assets -€11,449
down €11,449 (-6.9%), from €165,519 to €154,070
of which Land and buildings: -€10,306
- Current investments +€5,045
up €5,045 (+8.7%), from €57,837 to €62,882
- Profit (loss) carried forward -€10,459
down €10,459 (-8.1%), from €129,413 to €118,954
- Other debts +€4,166
up €4,166 (+5.0%), from €83,468 to €87,634
- Gross operating margin -€1,826
down €1,826 (-16.7%), from €10,929 to €9,104
- Depreciation +€988
up €988 (+9.4%), from €10,461 to €11,449
- Financial charges +€825
up €825 (+14.3%), from €5,769 to €6,593
- Financial income -€451
down €451 (-26.7%), from €1,690 to €1,239
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 | €239,794 | €234,332 | -€5,463 | -2.3% |
| Fixed assets | 21/28 | €165,519 | €154,070 | -€11,449 | -6.9% |
| Tangible fixed assets | 22/27 | €165,519 | €154,070 | -€11,449 | -6.9% |
| Land and buildings | 22 | €160,363 | €150,057 | -€10,306 | -6.4% |
| Plant, machinery and equipment | 23 | €3,304 | €2,639 | -€665 | -20.1% |
| Furniture and vehicles | 24 | €1,853 | €1,375 | -€478 | -25.8% |
| Current assets | 29/58 | €74,275 | €80,261 | +€5,986 | +8.1% |
| Amounts receivable within one year | 40/41 | €507 | €564 | +€57 | +11.2% |
| Other amounts receivable | 41 | €507 | €564 | +€57 | +11.2% |
| Current investments | 50/53 | €57,837 | €62,882 | +€5,045 | +8.7% |
| Cash at bank and in hand | 54/58 | €14,956 | €16,036 | +€1,080 | +7.2% |
| Deferred charges and accrued income | 490/1 | €976 | €780 | -€196 | -20.1% |
| Total equity and liabilities | 10/49 | €239,794 | €234,332 | -€5,463 | -2.3% |
| Equity | 10/15 | €149,873 | €139,414 | -€10,459 | -7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,413 | €118,954 | -€10,459 | -8.1% |
| Amounts payable | 17/49 | €89,921 | €94,918 | +€4,996 | +5.6% |
| Amounts payable within one year | 42/48 | €83,468 | €87,634 | +€4,166 | +5.0% |
| Other amounts payable | 47/48 | €83,468 | €87,634 | +€4,166 | +5.0% |
| Accrued charges and deferred income | 492/3 | €6,453 | €7,283 | +€831 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,461 | €11,449 | +€988 | +9.4% |
| Other operating charges | 640/8 | €2,090 | €2,159 | +€69 | +3.3% |
| Gross operating margin | 9900 | €10,929 | €9,104 | -€1,826 | -16.7% |
| Operating profit (loss) | 9901 | -€1,622 | -€4,504 | -€2,882 | -178% |
| Financial income | 75/76B | €1,690 | €1,239 | -€451 | -26.7% |
| Recurring financial income | 75 | €1,690 | €1,239 | -€451 | -26.7% |
| Financial charges | 65/66B | €5,769 | €6,593 | +€825 | +14.3% |
| Recurring financial charges | 65 | €5,769 | €6,593 | +€825 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,701 | -€9,859 | -€4,158 | -72.9% |
| Profit (loss) for the period | 9904 | -€5,701 | -€9,859 | -€4,158 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,701 | -€9,859 | -€4,158 | -72.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.