STICHELBOUT CONSTRUCT: what changed
Two fiscal 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.
STICHELBOUT CONSTRUCT
Largest movements
- Cash +€207,196
up €207,196 (+3446.8%), from €6,011 to €213,207
mainly Other debts (+€423,930) and Receivables within one year (+€124,731)
- Receivables within one year -€124,731
down €124,731 (-22.2%), from €560,740 to €436,009
of which Trade receivables: -€159,200
- Tangible fixed assets -€10,018
down €10,018 (-27.6%), from €36,270 to €26,252
of which Furniture and vehicles: -€13,387
- Other debts +€423,930
new in 2025: €423,930
- Reserves -€175,130
down €175,130 (-50.6%), from €346,200 to €171,070
of which Distributable reserves: -€175,130
- Current portion of long-term debt -€150,000
no longer reported in 2025 (was €150,000)
- Tax, wage and social debts -€18,915
down €18,915 (-57.0%), from €33,199 to €14,284
of which Taxes: -€20,101
- Gross operating margin -€43,362
down €43,362 (-28.9%), from €150,046 to €106,684
- Financial income +€21,112
up €21,112 (+717.9%), from €2,941 to €24,053
- Taxes +€6,231
new in 2025: €6,231
- Staff costs +€2,292
up €2,292 (+2.5%), from €92,979 to €95,271
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.
Cash bridge derived
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 | €647,695 | €724,250 | +€76,555 | +11.8% |
| Fixed assets | 21/28 | €36,270 | €26,252 | -€10,018 | -27.6% |
| Tangible fixed assets | 22/27 | €36,270 | €26,252 | -€10,018 | -27.6% |
| Land and buildings | 22 | €1,625 | €5,351 | +€3,726 | +229.3% |
| Plant, machinery and equipment | 23 | €1,468 | €1,112 | -€357 | -24.3% |
| Furniture and vehicles | 24 | €33,177 | €19,789 | -€13,387 | -40.4% |
| Current assets | 29/58 | €611,424 | €697,998 | +€86,573 | +14.2% |
| Amounts receivable within one year | 40/41 | €560,740 | €436,009 | -€124,731 | -22.2% |
| Trade receivables | 40 | €159,200 | - | -€159,200 | |
| Other amounts receivable | 41 | €401,540 | €436,009 | +€34,469 | +8.6% |
| Cash at bank and in hand | 54/58 | €6,011 | €213,207 | +€207,196 | +3446.8% |
| Deferred charges and accrued income | 490/1 | €44,673 | €48,782 | +€4,108 | +9.2% |
| Total equity and liabilities | 10/49 | €647,695 | €724,250 | +€76,555 | +11.8% |
| Equity | 10/15 | €460,980 | €281,292 | -€179,687 | -39.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €346,200 | €171,070 | -€175,130 | -50.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €340,000 | €164,870 | -€175,130 | -51.5% |
| Profit (loss) carried forward | 14 | €52,780 | €48,222 | -€4,557 | -8.6% |
| Amounts payable | 17/49 | €186,715 | €442,957 | +€256,242 | +137.2% |
| Amounts payable within one year | 42/48 | €186,715 | €442,957 | +€256,242 | +137.2% |
| Current portion of amounts payable after more than one year | 42 | €150,000 | - | -€150,000 | |
| Trade debts | 44 | €3,516 | €4,743 | +€1,227 | +34.9% |
| Suppliers | 440/4 | €3,516 | €4,743 | +€1,227 | +34.9% |
| Taxes, remuneration and social security | 45 | €33,199 | €14,284 | -€18,915 | -57.0% |
| Taxes | 450/3 | €26,495 | €6,394 | -€20,101 | -75.9% |
| Remuneration and social security | 454/9 | €6,703 | €7,889 | +€1,186 | +17.7% |
| Other amounts payable | 47/48 | - | €423,930 | +€423,930 | |
| Non-recurring operating income | 76A | €2,980 | - | -€2,980 | |
| Remuneration, social security and pensions | 62 | €92,979 | €95,271 | +€2,292 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,711 | €14,228 | +€517 | +3.8% |
| Other operating charges | 640/8 | €1,463 | €861 | -€602 | -41.2% |
| Gross operating margin | 9900 | €150,046 | €106,684 | -€43,362 | -28.9% |
| Operating profit (loss) | 9901 | €41,893 | -€3,676 | -€45,569 | |
| Financial income | 75/76B | €2,941 | €24,053 | +€21,112 | +717.9% |
| Recurring financial income | 75 | €2,941 | €24,053 | +€21,112 | +717.9% |
| Financial charges | 65/66B | €4,147 | €3,833 | -€314 | -7.6% |
| Recurring financial charges | 65 | €4,147 | €3,833 | -€314 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €40,688 | €16,544 | -€24,144 | -59.3% |
| Income taxes | 67/77 | - | €6,231 | +€6,231 | |
| Profit (loss) for the period | 9904 | €40,688 | €10,313 | -€30,375 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,688 | €10,313 | -€30,375 | -74.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.