STIJN: 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.
STIJN
Largest movements
- Receivables within one year +€99,918
up €99,918 (+215.0%), from €46,482 to €146,400
of which Other amounts receivable: +€104,778
- Cash -€31,415
down €31,415 (-80.6%), from €38,984 to €7,569
mainly Receivables within one year (-€99,918) and Tax, wage and social debts (-€2,143)
- Other debts +€53,043
up €53,043 (+7773.2%), from €682 to €53,726
- Reserves +€15,780
up €15,780 (+26.4%), from €59,770 to €75,550
of which Distributable reserves: +€15,780
- Tax, wage and social debts -€2,143
down €2,143 (-40.7%), from €5,265 to €3,122
of which Taxes: -€1,217
- Trade debts +€1,570
up €1,570 (+994.2%), from €158 to €1,728
- Gross operating margin -€10,366
down €10,366 (-30.9%), from €33,525 to €23,158
- Taxes -€7,242
down €7,242 (-47.9%), from €15,111 to €7,869
- Financial income +€1,956
new in 2025: €1,956
- Staff costs +€723
new in 2025: €723
- Other operating charges +€418
up €418 (+311.4%), from €134 to €553
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 | €85,876 | €154,126 | +€68,250 | +79.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €85,876 | €154,126 | +€68,250 | +79.5% |
| Amounts receivable within one year | 40/41 | €46,482 | €146,400 | +€99,918 | +215.0% |
| Trade receivables | 40 | €4,860 | €0 | -€4,860 | -100.0% |
| Other amounts receivable | 41 | €41,622 | €146,400 | +€104,778 | +251.7% |
| Cash at bank and in hand | 54/58 | €38,984 | €7,569 | -€31,415 | -80.6% |
| Deferred charges and accrued income | 490/1 | €409 | €156 | -€253 | -61.8% |
| Total equity and liabilities | 10/49 | €85,876 | €154,126 | +€68,250 | +79.5% |
| Equity | 10/15 | €79,770 | €95,550 | +€15,780 | +19.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €59,770 | €75,550 | +€15,780 | +26.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €57,770 | €73,550 | +€15,780 | +27.3% |
| Amounts payable | 17/49 | €6,105 | €58,575 | +€52,470 | +859.4% |
| Amounts payable within one year | 42/48 | €6,105 | €58,575 | +€52,470 | +859.4% |
| Trade debts | 44 | €158 | €1,728 | +€1,570 | +994.2% |
| Suppliers | 440/4 | €158 | €1,728 | +€1,570 | +994.2% |
| Taxes, remuneration and social security | 45 | €5,265 | €3,122 | -€2,143 | -40.7% |
| Taxes | 450/3 | €4,339 | €3,122 | -€1,217 | -28.0% |
| Remuneration and social security | 454/9 | €926 | €0 | -€926 | -100.0% |
| Other amounts payable | 47/48 | €682 | €53,726 | +€53,043 | +7773.2% |
| Remuneration, social security and pensions | 62 | - | €723 | +€723 | |
| Other operating charges | 640/8 | €134 | €553 | +€418 | +311.4% |
| Gross operating margin | 9900 | €33,525 | €23,158 | -€10,366 | -30.9% |
| Operating profit (loss) | 9901 | €33,390 | €21,883 | -€11,507 | -34.5% |
| Financial income | 75/76B | - | €1,956 | +€1,956 | |
| Recurring financial income | 75 | - | €1,956 | +€1,956 | |
| Financial charges | 65/66B | €161 | €190 | +€29 | +18.0% |
| Recurring financial charges | 65 | €161 | €190 | +€29 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €33,229 | €23,649 | -€9,580 | -28.8% |
| Income taxes | 67/77 | €15,111 | €7,869 | -€7,242 | -47.9% |
| Profit (loss) for the period | 9904 | €18,118 | €15,780 | -€2,338 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,118 | €15,780 | -€2,338 | -12.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.