STIJLVOL VERBOUWEN: 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.
STIJLVOL VERBOUWEN
Largest movements
- Receivables within one year -€16,496
down €16,496 (-51.6%), from €31,973 to €15,477
of which Trade receivables: -€20,148
- Tangible fixed assets +€5,837
up €5,837 (+45.8%), from €12,739 to €18,575
of which Furniture and vehicles: +€7,166
- Deferred charges and accrued income -€1,503
down €1,503 (-23.4%), from €6,428 to €4,925
- Stocks and contracts +€1,317
up €1,317 (+17.6%), from €7,488 to €8,805
- Cash -€1,011
no longer reported in 2025 (was €1,011)
mainly Net result for the year (-€48,468) and Investment in fixed assets (net) (-€9,730)
- Profit (loss) carried forward -€48,468
down €48,468 (-387.3%), from -€12,514 to -€60,982
- Short-term financial debts +€14,913
new in 2025: €14,913
- Current portion of long-term debt +€12,300
new in 2025: €12,300
- Trade debts +€7,909
up €7,909 (+54.2%), from €14,581 to €22,491
- Advances received +€1,860
new in 2025: €1,860
- Gross operating margin -€41,013
down €41,013, from €3,898 to -€37,115
- Financial charges +€3,824
up €3,824 (+561.9%), from €681 to €4,505
- Other operating charges +€2,986
up €2,986 (+1153.6%), from €259 to €3,245
- Depreciation +€1,790
up €1,790 (+85.1%), from €2,103 to €3,893
- Financial income -€1,307
down €1,307 (-81.8%), from €1,598 to €291
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 | €59,639 | €47,782 | -€11,857 | -19.9% |
| Fixed assets | 21/28 | €12,739 | €18,575 | +€5,837 | +45.8% |
| Tangible fixed assets | 22/27 | €12,739 | €18,575 | +€5,837 | +45.8% |
| Plant, machinery and equipment | 23 | €4,390 | €3,307 | -€1,083 | -24.7% |
| Furniture and vehicles | 24 | €4,250 | €11,417 | +€7,166 | +168.6% |
| Other tangible fixed assets | 26 | €4,099 | €3,852 | -€247 | -6.0% |
| Current assets | 29/58 | €46,900 | €29,207 | -€17,693 | -37.7% |
| Stocks and contracts in progress | 3 | €7,488 | €8,805 | +€1,317 | +17.6% |
| Stocks | 30/36 | €7,488 | €8,805 | +€1,317 | +17.6% |
| Amounts receivable within one year | 40/41 | €31,973 | €15,477 | -€16,496 | -51.6% |
| Trade receivables | 40 | €27,293 | €7,145 | -€20,148 | -73.8% |
| Other amounts receivable | 41 | €4,680 | €8,332 | +€3,652 | +78.0% |
| Cash at bank and in hand | 54/58 | €1,011 | - | -€1,011 | |
| Deferred charges and accrued income | 490/1 | €6,428 | €4,925 | -€1,503 | -23.4% |
| Total equity and liabilities | 10/49 | €59,639 | €47,782 | -€11,857 | -19.9% |
| Equity | 10/15 | €44,686 | -€3,782 | -€48,468 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,000 | €51,000 | = | 0.0% |
| Distributable reserves | 133 | €51,000 | €51,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,514 | -€60,982 | -€48,468 | -387.3% |
| Amounts payable | 17/49 | €14,953 | €51,564 | +€36,611 | +244.8% |
| Amounts payable within one year | 42/48 | €14,953 | €51,564 | +€36,611 | +244.8% |
| Current portion of amounts payable after more than one year | 42 | - | €12,300 | +€12,300 | |
| Financial debts | 43 | - | €14,913 | +€14,913 | |
| Credit institutions | 430/8 | - | €14,913 | +€14,913 | |
| Trade debts | 44 | €14,581 | €22,491 | +€7,909 | +54.2% |
| Suppliers | 440/4 | €14,581 | €22,491 | +€7,909 | +54.2% |
| Advances received on contracts in progress | 46 | - | €1,860 | +€1,860 | |
| Taxes, remuneration and social security | 45 | €163 | - | -€163 | |
| Taxes | 450/3 | €163 | - | -€163 | |
| Other amounts payable | 47/48 | €209 | - | -€209 | |
| Non-recurring operating income | 76A | - | €6,500 | +€6,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,103 | €3,893 | +€1,790 | +85.1% |
| Other operating charges | 640/8 | €259 | €3,245 | +€2,986 | +1153.6% |
| Non-recurring operating charges | 66A | €1,440 | - | -€1,440 | |
| Gross operating margin | 9900 | €3,898 | -€37,115 | -€41,013 | |
| Operating profit (loss) | 9901 | €96 | -€44,254 | -€44,349 | |
| Financial income | 75/76B | €1,598 | €291 | -€1,307 | -81.8% |
| Recurring financial income | 75 | €1,598 | €291 | -€1,307 | -81.8% |
| Financial charges | 65/66B | €681 | €4,505 | +€3,824 | +561.9% |
| Recurring financial charges | 65 | €681 | €4,505 | +€3,824 | +561.9% |
| Profit (loss) for the period before taxes | 9903 | €1,013 | -€48,468 | -€49,481 | |
| Income taxes | 67/77 | €68 | - | -€68 | |
| Profit (loss) for the period | 9904 | €945 | -€48,468 | -€49,413 | |
| Profit (loss) for the period to be appropriated | 9905 | €945 | -€48,468 | -€49,413 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.