STEFAN STAESSENS: 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 STAESSENS
Largest movements
- Tangible fixed assets -€16,547
down €16,547 (-37.5%), from €44,072 to €27,524
of which Furniture and vehicles: -€15,757
- Cash -€10,313
down €10,313 (-62.9%), from €16,400 to €6,087
mainly Net result for the year (-€13,006) and Debts after one year (-€5,404)
- Receivables within one year -€5,081
down €5,081 (-49.5%), from €10,259 to €5,178
of which Trade receivables: -€6,918
- Profit (loss) carried forward -€13,006
down €13,006, from €4,189 to -€8,817
- Debts after one year -€5,404
down €5,404 (-18.4%), from €29,325 to €23,921
- Trade debts -€5,102
down €5,102 (-61.9%), from €8,248 to €3,146
- Other debts -€3,575
down €3,575 (-52.6%), from €6,790 to €3,215
- Current portion of long-term debt -€3,345
down €3,345 (-26.2%), from €12,749 to €9,404
- Gross operating margin -€22,441
down €22,441 (-76.7%), from €29,267 to €6,826
- Taxes -€1,875
down €1,875 (-92.1%), from €2,037 to €162
- Other operating charges -€883
down €883 (-56.0%), from €1,575 to €693
- Financial charges -€576
down €576 (-19.1%), from €3,006 to €2,430
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 | €70,981 | €39,039 | -€31,942 | -45.0% |
| Fixed assets | 21/28 | €44,322 | €27,774 | -€16,547 | -37.3% |
| Tangible fixed assets | 22/27 | €44,072 | €27,524 | -€16,547 | -37.5% |
| Plant, machinery and equipment | 23 | €1,374 | €583 | -€791 | -57.6% |
| Furniture and vehicles | 24 | €42,698 | €26,941 | -€15,757 | -36.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €26,659 | €11,265 | -€15,394 | -57.7% |
| Amounts receivable within one year | 40/41 | €10,259 | €5,178 | -€5,081 | -49.5% |
| Trade receivables | 40 | €6,918 | - | -€6,918 | |
| Other amounts receivable | 41 | €3,341 | €5,178 | +€1,837 | +55.0% |
| Cash at bank and in hand | 54/58 | €16,400 | €6,087 | -€10,313 | -62.9% |
| Total equity and liabilities | 10/49 | €70,981 | €39,039 | -€31,942 | -45.0% |
| Equity | 10/15 | €10,189 | -€2,817 | -€13,006 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,189 | -€8,817 | -€13,006 | |
| Amounts payable | 17/49 | €60,792 | €41,857 | -€18,936 | -31.1% |
| Amounts payable after more than one year | 17 | €29,325 | €23,921 | -€5,404 | -18.4% |
| Financial debts | 170/4 | €29,325 | €23,921 | -€5,404 | -18.4% |
| Amounts payable within one year | 42/48 | €31,467 | €17,936 | -€13,531 | -43.0% |
| Current portion of amounts payable after more than one year | 42 | €12,749 | €9,404 | -€3,345 | -26.2% |
| Trade debts | 44 | €8,248 | €3,146 | -€5,102 | -61.9% |
| Suppliers | 440/4 | €8,248 | €3,146 | -€5,102 | -61.9% |
| Taxes, remuneration and social security | 45 | €3,680 | €2,170 | -€1,510 | -41.0% |
| Taxes | 450/3 | €1,680 | €170 | -€1,510 | -89.9% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €6,790 | €3,215 | -€3,575 | -52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,498 | €16,547 | +€50 | +0.3% |
| Other operating charges | 640/8 | €1,575 | €693 | -€883 | -56.0% |
| Gross operating margin | 9900 | €29,267 | €6,826 | -€22,441 | -76.7% |
| Operating profit (loss) | 9901 | €11,195 | -€10,414 | -€21,609 | |
| Financial charges | 65/66B | €3,006 | €2,430 | -€576 | -19.1% |
| Recurring financial charges | 65 | €3,006 | €2,430 | -€576 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €8,189 | -€12,844 | -€21,033 | |
| Income taxes | 67/77 | €2,037 | €162 | -€1,875 | -92.1% |
| Profit (loss) for the period | 9904 | €6,152 | -€13,006 | -€19,157 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,152 | -€13,006 | -€19,157 |
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 23 October 2026 via checked.be.