Stijl 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.
Stijl Construct
Largest movements
- Stocks and contracts -€233,441
down €233,441 (-85.1%), from €274,208 to €40,767
of which Stocks: -€233,441
- Cash +€122,788
up €122,788 (+850.3%), from €14,441 to €137,229
mainly Stocks and contracts (+€233,441) and Trade debts (+€61,165)
- Receivables within one year -€30,543
down €30,543 (-47.4%), from €64,421 to €33,878
of which Trade receivables: -€40,178
- Tangible fixed assets +€28,702
up €28,702 (+31.6%), from €90,935 to €119,638
of which Furniture and vehicles: +€21,265
- Short-term financial debts -€206,845
down €206,845 (-99.7%), from €207,541 to €697
of which Other loans: -€200,000
- Trade debts +€61,165
up €61,165 (+155.8%), from €39,263 to €100,428
- Profit (loss) carried forward +€45,827
no longer reported in 2025 (was -€45,827)
- Debts after one year -€19,981
down €19,981 (-29.3%), from €68,221 to €48,239
- Other debts +€6,305
up €6,305 (+986.6%), from €639 to €6,944
- Gross operating margin +€101,267
up €101,267, from -€15,214 to €86,053
- Financial charges -€4,386
down €4,386 (-31.3%), from €14,033 to €9,648
- Depreciation +€2,796
up €2,796 (+18.3%), from €15,300 to €18,095
- Taxes +€1,461
up €1,461 (+754.7%), from €194 to €1,655
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 | €444,801 | €331,702 | -€113,099 | -25.4% |
| Fixed assets | 21/28 | €90,935 | €119,638 | +€28,702 | +31.6% |
| Tangible fixed assets | 22/27 | €90,935 | €119,638 | +€28,702 | +31.6% |
| Land and buildings | 22 | - | €10,247 | +€10,247 | |
| Plant, machinery and equipment | 23 | €13,343 | €10,533 | -€2,810 | -21.1% |
| Furniture and vehicles | 24 | €77,593 | €98,857 | +€21,265 | +27.4% |
| Current assets | 29/58 | €353,865 | €212,064 | -€141,802 | -40.1% |
| Stocks and contracts in progress | 3 | €274,208 | €40,767 | -€233,441 | -85.1% |
| Stocks | 30/36 | €235,208 | €1,767 | -€233,441 | -99.2% |
| Contracts in progress | 37 | €39,000 | €39,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €64,421 | €33,878 | -€30,543 | -47.4% |
| Trade receivables | 40 | €40,605 | €427 | -€40,178 | -98.9% |
| Other amounts receivable | 41 | €23,816 | €33,451 | +€9,635 | +40.5% |
| Cash at bank and in hand | 54/58 | €14,441 | €137,229 | +€122,788 | +850.3% |
| Deferred charges and accrued income | 490/1 | €796 | €190 | -€605 | -76.1% |
| Total equity and liabilities | 10/49 | €444,801 | €331,702 | -€113,099 | -25.4% |
| Equity | 10/15 | €101,171 | €148,659 | +€47,488 | +46.9% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €143,398 | €145,059 | +€1,661 | +1.2% |
| Distributable reserves | 133 | €143,398 | €145,059 | +€1,661 | +1.2% |
| Profit (loss) carried forward | 14 | -€45,827 | - | +€45,827 | |
| Amounts payable | 17/49 | €343,630 | €183,042 | -€160,587 | -46.7% |
| Amounts payable after more than one year | 17 | €68,221 | €48,239 | -€19,981 | -29.3% |
| Financial debts | 170/4 | €68,221 | €48,239 | -€19,981 | -29.3% |
| Amounts payable within one year | 42/48 | €275,409 | €134,803 | -€140,606 | -51.1% |
| Current portion of amounts payable after more than one year | 42 | €27,853 | €26,622 | -€1,232 | -4.4% |
| Financial debts | 43 | €207,541 | €697 | -€206,845 | -99.7% |
| Credit institutions | 430/8 | €7,541 | €697 | -€6,845 | -90.8% |
| Other loans | 439 | €200,000 | - | -€200,000 | |
| Trade debts | 44 | €39,263 | €100,428 | +€61,165 | +155.8% |
| Suppliers | 440/4 | €39,263 | €100,428 | +€61,165 | +155.8% |
| Taxes, remuneration and social security | 45 | €113 | €113 | = | 0.0% |
| Taxes | 450/3 | €113 | €113 | = | 0.0% |
| Other amounts payable | 47/48 | €639 | €6,944 | +€6,305 | +986.6% |
| Non-recurring operating income | 76A | €6,612 | - | -€6,612 | |
| Remuneration, social security and pensions | 62 | €75 | - | -€75 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,300 | €18,095 | +€2,796 | +18.3% |
| Other operating charges | 640/8 | €1,676 | €1,242 | -€434 | -25.9% |
| Non-recurring operating charges | 66A | - | €7,132 | +€7,132 | |
| Gross operating margin | 9900 | -€15,214 | €86,053 | +€101,267 | |
| Operating profit (loss) | 9901 | -€32,265 | €59,585 | +€91,850 | |
| Financial income | 75/76B | €665 | €39 | -€626 | -94.1% |
| Recurring financial income | 75 | €665 | €39 | -€626 | -94.1% |
| Financial charges | 65/66B | €14,033 | €9,648 | -€4,386 | -31.3% |
| Recurring financial charges | 65 | €14,033 | €9,648 | -€4,386 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | -€45,633 | €49,976 | +€95,609 | |
| Income taxes | 67/77 | €194 | €1,655 | +€1,461 | +754.7% |
| Profit (loss) for the period | 9904 | -€45,827 | €48,321 | +€94,148 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,827 | €48,321 | +€94,148 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.