STIJN CAMPS: 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.
STIJN CAMPS
Largest movements
- Cash -€12,676
down €12,676 (-88.1%), from €14,388 to €1,713
mainly Investment in fixed assets (net) (-€14,995) and Tax, wage and social debts (-€9,507)
- Tangible fixed assets -€10,761
down €10,761 (-14.5%), from €74,380 to €63,619
of which Furniture and vehicles: -€15,989
- Receivables within one year +€5,921
up €5,921 (+183%), from €3,228 to €9,149
of which Other amounts receivable: +€9,149
- Tax, wage and social debts -€9,507
down €9,507 (-38.3%), from €24,839 to €15,332
of which Taxes: -€10,858
- Other debts -€5,911
down €5,911 (-48.4%), from €12,217 to €6,306
- Profit (loss) carried forward -€1,921
new in 2025: -€1,921
- Gross operating margin -€54,392
down €54,392 (-68.3%), from €79,594 to €25,202
- Taxes -€17,582
down €17,582 (-94.7%), from €18,557 to €975
- Depreciation +€4,373
up €4,373 (+20.5%), from €21,383 to €25,756
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 | €92,615 | €75,467 | -€17,148 | -18.5% |
| Fixed assets | 21/28 | €74,380 | €63,619 | -€10,761 | -14.5% |
| Tangible fixed assets | 22/27 | €74,380 | €63,619 | -€10,761 | -14.5% |
| Plant, machinery and equipment | 23 | €6,245 | €9,973 | +€3,728 | +59.7% |
| Furniture and vehicles | 24 | €68,135 | €52,146 | -€15,989 | -23.5% |
| Other tangible fixed assets | 26 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €18,235 | €11,848 | -€6,387 | -35.0% |
| Amounts receivable within one year | 40/41 | €3,228 | €9,149 | +€5,921 | +183% |
| Trade receivables | 40 | €3,228 | - | -€3,228 | |
| Other amounts receivable | 41 | - | €9,149 | +€9,149 | |
| Cash at bank and in hand | 54/58 | €14,388 | €1,713 | -€12,676 | -88.1% |
| Deferred charges and accrued income | 490/1 | €619 | €986 | +€367 | +59.4% |
| Total equity and liabilities | 10/49 | €92,615 | €75,467 | -€17,148 | -18.5% |
| Equity | 10/15 | €55,559 | €53,638 | -€1,921 | -3.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €43,159 | €43,159 | = | 0.0% |
| Distributable reserves | 133 | €43,159 | €43,159 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,921 | -€1,921 | |
| Amounts payable | 17/49 | €37,056 | €21,829 | -€15,227 | -41.1% |
| Amounts payable within one year | 42/48 | €37,056 | €21,829 | -€15,227 | -41.1% |
| Trade debts | 44 | - | €191 | +€191 | |
| Suppliers | 440/4 | - | €191 | +€191 | |
| Taxes, remuneration and social security | 45 | €24,839 | €15,332 | -€9,507 | -38.3% |
| Taxes | 450/3 | €23,390 | €12,532 | -€10,858 | -46.4% |
| Remuneration and social security | 454/9 | €1,449 | €2,800 | +€1,351 | +93.2% |
| Other amounts payable | 47/48 | €12,217 | €6,306 | -€5,911 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,383 | €25,756 | +€4,373 | +20.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €79,594 | €25,202 | -€54,392 | -68.3% |
| Operating profit (loss) | 9901 | €57,824 | -€954 | -€58,778 | |
| Financial income | 75/76B | - | €192 | +€192 | |
| Recurring financial income | 75 | - | €192 | +€192 | |
| Financial charges | 65/66B | €241 | €184 | -€57 | -23.5% |
| Recurring financial charges | 65 | €241 | €184 | -€57 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €57,583 | -€946 | -€58,529 | |
| Income taxes | 67/77 | €18,557 | €975 | -€17,582 | -94.7% |
| Profit (loss) for the period | 9904 | €39,026 | -€1,921 | -€40,947 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,026 | -€1,921 | -€40,947 |
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 31 October 2026 via checked.be.