STIJN DE BRABANDER: 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 DE BRABANDER
Largest movements
- Cash +€279,099
up €279,099 (+253%), from €110,410 to €389,509
mainly Current investments (+€190,214) and Net result for the year (+€84,749)
- Current investments -€190,214
down €190,214 (-33.1%), from €575,035 to €384,821
- Tangible fixed assets -€25,463
down €25,463 (-7.3%), from €348,205 to €322,742
- Reserves +€84,749
up €84,749 (+20.3%), from €418,329 to €503,078
of which Distributable reserves: +€84,749
- Other debts +€78,438
up €78,438 (+107%), from €73,042 to €151,479
- Tax, wage and social debts -€74,312
down €74,312 (-99.9%), from €74,394 to €82
- Debts after one year -€25,809
down €25,809 (-19.1%), from €135,153 to €109,344
- Taxes -€48,417
down €48,417 (-61.2%), from €79,075 to €30,658
- Financial income +€19,073
up €19,073 (+118%), from €16,166 to €35,240
- Gross operating margin -€13,203
down €13,203 (-9.9%), from €133,233 to €120,030
- Depreciation -€6,348
down €6,348 (-20.0%), from €31,812 to €25,463
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 | €1,033,864 | €1,102,603 | +€68,739 | +6.6% |
| Fixed assets | 21/28 | €348,205 | €322,742 | -€25,463 | -7.3% |
| Tangible fixed assets | 22/27 | €348,205 | €322,742 | -€25,463 | -7.3% |
| Land and buildings | 22 | €348,205 | €322,742 | -€25,463 | -7.3% |
| Current assets | 29/58 | €685,659 | €779,861 | +€94,202 | +13.7% |
| Amounts receivable within one year | 40/41 | - | €4,939 | +€4,939 | |
| Other amounts receivable | 41 | - | €4,939 | +€4,939 | |
| Current investments | 50/53 | €575,035 | €384,821 | -€190,214 | -33.1% |
| Cash at bank and in hand | 54/58 | €110,410 | €389,509 | +€279,099 | +253% |
| Deferred charges and accrued income | 490/1 | €213 | €592 | +€379 | +178% |
| Total equity and liabilities | 10/49 | €1,033,864 | €1,102,603 | +€68,739 | +6.6% |
| Equity | 10/15 | €724,427 | €809,176 | +€84,749 | +11.7% |
| Contributions | 10/11 | €306,098 | €306,098 | = | 0.0% |
| Reserves | 13 | €418,329 | €503,078 | +€84,749 | +20.3% |
| Non-distributable reserves | 130/1 | €30,610 | €30,610 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,610 | €30,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €387,719 | €472,468 | +€84,749 | +21.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €309,437 | €293,427 | -€16,010 | -5.2% |
| Amounts payable after more than one year | 17 | €135,153 | €109,344 | -€25,809 | -19.1% |
| Financial debts | 170/4 | €135,153 | €109,344 | -€25,809 | -19.1% |
| Amounts payable within one year | 42/48 | €172,567 | €179,462 | +€6,896 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €25,013 | €25,809 | +€796 | +3.2% |
| Trade debts | 44 | €118 | €2,091 | +€1,973 | +1,672% |
| Suppliers | 440/4 | €118 | €2,091 | +€1,973 | +1,672% |
| Taxes, remuneration and social security | 45 | €74,394 | €82 | -€74,312 | -99.9% |
| Taxes | 450/3 | €74,394 | €82 | -€74,312 | -99.9% |
| Other amounts payable | 47/48 | €73,042 | €151,479 | +€78,438 | +107% |
| Accrued charges and deferred income | 492/3 | €1,718 | €4,621 | +€2,904 | +169% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,812 | €25,463 | -€6,348 | -20.0% |
| Other operating charges | 640/8 | €2,168 | €1,863 | -€305 | -14.1% |
| Gross operating margin | 9900 | €133,233 | €120,030 | -€13,203 | -9.9% |
| Operating profit (loss) | 9901 | €99,254 | €92,704 | -€6,549 | -6.6% |
| Financial income | 75/76B | €16,166 | €35,240 | +€19,073 | +118% |
| Recurring financial income | 75 | €16,166 | €35,240 | +€19,073 | +118% |
| Financial charges | 65/66B | €12,283 | €12,537 | +€254 | +2.1% |
| Recurring financial charges | 65 | €12,283 | €12,537 | +€254 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €103,137 | €115,407 | +€12,270 | +11.9% |
| Transfer from deferred taxes | 780 | €36,129 | €0 | -€36,129 | -100% |
| Income taxes | 67/77 | €79,075 | €30,658 | -€48,417 | -61.2% |
| Profit (loss) for the period | 9904 | €60,192 | €84,749 | +€24,558 | +40.8% |
| Transfer from tax-exempt reserves | 789 | €108,387 | €0 | -€108,387 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €168,579 | €84,749 | -€83,830 | -49.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.