Stein Hoogstoel: 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.
Stein Hoogstoel
Largest movements
- Cash -€41,336
down €41,336 (-14.2%), from €291,336 to €250,001
mainly Contributions, distributions and other (-€128,815) and Receivables within one year (-€27,097)
- Receivables within one year +€27,097
up €27,097 (+73.8%), from €36,721 to €63,818
of which Trade receivables: +€28,510
- Tangible fixed assets +€18,130
up €18,130 (+383%), from €4,729 to €22,859
of which Plant, machinery and equipment: +€15,127
- Other debts +€104,670
up €104,670, from €0 to €104,670
- Reserves -€90,332
down €90,332 (-24.4%), from €370,660 to €280,328
- Tax, wage and social debts -€9,370
down €9,370 (-60.7%), from €15,429 to €6,059
of which Taxes: -€9,370
- Gross operating margin -€86,414
down €86,414 (-64.8%), from €133,381 to €46,967
- Taxes -€37,079
down €37,079 (-84.2%), from €44,053 to €6,974
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 | €422,735 | €426,762 | +€4,026 | +1.0% |
| Fixed assets | 21/28 | €4,729 | €22,859 | +€18,130 | +383% |
| Tangible fixed assets | 22/27 | €4,729 | €22,859 | +€18,130 | +383% |
| Plant, machinery and equipment | 23 | €2,101 | €17,229 | +€15,127 | +720% |
| Furniture and vehicles | 24 | €1,721 | €5,126 | +€3,405 | +198% |
| Other tangible fixed assets | 26 | €907 | €504 | -€402 | -44.4% |
| Current assets | 29/58 | €418,007 | €403,903 | -€14,104 | -3.4% |
| Amounts receivable after more than one year | 29 | €74,769 | €74,769 | = | 0.0% |
| Other amounts receivable | 291 | €74,769 | €74,769 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,721 | €63,818 | +€27,097 | +73.8% |
| Trade receivables | 40 | €19,890 | €48,400 | +€28,510 | +143% |
| Other amounts receivable | 41 | €16,831 | €15,418 | -€1,413 | -8.4% |
| Current investments | 50/53 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €291,336 | €250,001 | -€41,336 | -14.2% |
| Deferred charges and accrued income | 490/1 | €180 | €315 | +€135 | +75.2% |
| Total equity and liabilities | 10/49 | €422,735 | €426,762 | +€4,026 | +1.0% |
| Equity | 10/15 | €376,860 | €286,528 | -€90,332 | -24.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €370,660 | €280,328 | -€90,332 | -24.4% |
| Distributable reserves | 133 | €370,660 | €280,328 | -€90,332 | -24.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €22,400 | €22,400 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €22,400 | €22,400 | = | 0.0% |
| Pensions and similar obligations | 160 | €22,400 | €22,400 | = | 0.0% |
| Amounts payable | 17/49 | €23,475 | €117,833 | +€94,358 | +402% |
| Amounts payable within one year | 42/48 | €22,055 | €116,413 | +€94,358 | +428% |
| Financial debts | 43 | - | €862 | +€862 | |
| Credit institutions | 430/8 | - | €862 | +€862 | |
| Trade debts | 44 | €6,626 | €4,822 | -€1,804 | -27.2% |
| Suppliers | 440/4 | €6,626 | €4,822 | -€1,804 | -27.2% |
| Taxes, remuneration and social security | 45 | €15,429 | €6,059 | -€9,370 | -60.7% |
| Taxes | 450/3 | €14,404 | €5,034 | -€9,370 | -65.1% |
| Remuneration and social security | 454/9 | €1,025 | €1,025 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €104,670 | +€104,670 | |
| Accrued charges and deferred income | 492/3 | €1,420 | €1,420 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,648 | €2,095 | +€447 | +27.1% |
| Other operating charges | 640/8 | €2,213 | €1,972 | -€241 | -10.9% |
| Gross operating margin | 9900 | €133,381 | €46,967 | -€86,414 | -64.8% |
| Operating profit (loss) | 9901 | €129,519 | €42,900 | -€86,620 | -66.9% |
| Financial income | 75/76B | €2,866 | €2,808 | -€58 | -2.0% |
| Recurring financial income | 75 | €2,866 | €2,808 | -€58 | -2.0% |
| Financial charges | 65/66B | €77 | €251 | +€173 | +224% |
| Recurring financial charges | 65 | €77 | €251 | +€173 | +224% |
| Profit (loss) for the period before taxes | 9903 | €132,308 | €45,457 | -€86,851 | -65.6% |
| Income taxes | 67/77 | €44,053 | €6,974 | -€37,079 | -84.2% |
| Profit (loss) for the period | 9904 | €88,255 | €38,483 | -€49,772 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €88,255 | €38,483 | -€49,772 | -56.4% |
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 1 November 2026 via checked.be.