Stefanie Wouters: what changed
Stefanie Wouters
Largest movements
- Cash +€7,744
up €7,744 (+73.7%), from €10,502 to €18,246
mainly Other debts (+€4,944) and Net result for the year (+€4,922)
- Receivables within one year +€1,862
up €1,862 (+25.4%), from €7,320 to €9,182
of which Trade receivables: +€1,195
- Other debts +€4,944
up €4,944 (+31.9%), from €15,480 to €20,424
- Profit (loss) carried forward +€4,922
up €4,922 (+62.0%), from -€7,944 to -€3,022
- Tax, wage and social debts -€1,025
down €1,025 (-27.1%), from €3,775 to €2,750
- Trade debts +€798
up €798 (+59.2%), from €1,347 to €2,145
- Gross operating margin +€17,716
up €17,716, from -€6,551 to €11,165
- Taxes +€2,306
up €2,306 (+3,234%), from €71 to €2,377
- Other operating charges +€2,223
up €2,223 (+459%), from €484 to €2,706
- Financial charges +€324
up €324 (+38.6%), from €840 to €1,165
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,657 | €28,296 | +€9,639 | +51.7% |
| Current assets | 29/58 | €18,657 | €28,296 | +€9,639 | +51.7% |
| Amounts receivable within one year | 40/41 | €7,320 | €9,182 | +€1,862 | +25.4% |
| Trade receivables | 40 | €7,320 | €8,515 | +€1,195 | +16.3% |
| Other amounts receivable | 41 | - | €667 | +€667 | |
| Cash at bank and in hand | 54/58 | €10,502 | €18,246 | +€7,744 | +73.7% |
| Deferred charges and accrued income | 490/1 | €835 | €868 | +€33 | +3.9% |
| Total equity and liabilities | 10/49 | €18,657 | €28,296 | +€9,639 | +51.7% |
| Equity | 10/15 | -€1,944 | €2,978 | +€4,922 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,944 | -€3,022 | +€4,922 | +62.0% |
| Amounts payable | 17/49 | €20,602 | €25,319 | +€4,717 | +22.9% |
| Amounts payable within one year | 42/48 | €20,602 | €25,319 | +€4,717 | +22.9% |
| Trade debts | 44 | €1,347 | €2,145 | +€798 | +59.2% |
| Suppliers | 440/4 | €1,347 | €2,145 | +€798 | +59.2% |
| Taxes, remuneration and social security | 45 | €3,775 | €2,750 | -€1,025 | -27.1% |
| Taxes | 450/3 | €3,775 | €2,750 | -€1,025 | -27.1% |
| Other amounts payable | 47/48 | €15,480 | €20,424 | +€4,944 | +31.9% |
| Other operating charges | 640/8 | €484 | €2,706 | +€2,223 | +459% |
| Gross operating margin | 9900 | -€6,551 | €11,165 | +€17,716 | |
| Operating profit (loss) | 9901 | -€7,034 | €8,459 | +€15,493 | |
| Financial income | 75/76B | €1 | €5 | +€4 | +301% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +301% |
| Financial charges | 65/66B | €840 | €1,165 | +€324 | +38.6% |
| Recurring financial charges | 65 | €840 | €1,165 | +€324 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,873 | €7,299 | +€15,173 | |
| Income taxes | 67/77 | €71 | €2,377 | +€2,306 | +3,234% |
| Profit (loss) for the period | 9904 | -€7,944 | €4,922 | +€12,866 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,944 | €4,922 | +€12,866 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.