STIJN DE LAERE: 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 LAERE
Largest movements
- Cash -€9,752
down €9,752 (-61.4%), from €15,892 to €6,140
mainly Investment in fixed assets (net) (-€7,135) and Tax, wage and social debts (-€3,991)
- Tangible fixed assets -€2,088
down €2,088 (-2.2%), from €92,877 to €90,789
of which Land and buildings: -€6,419
- Receivables within one year +€1,569
up €1,569 (+180%), from €870 to €2,439
of which Trade receivables: +€1,606
- Tax, wage and social debts -€3,991
down €3,991 (-53.5%), from €7,466 to €3,475
of which Remuneration and social security: -€2,272
- Debts after one year -€3,849
down €3,849 (-4.9%), from €79,087 to €75,238
- Other debts -€2,992
down €2,992 (-47.0%), from €6,367 to €3,376
- Trade debts -€2,152
down €2,152 (-46.0%), from €4,677 to €2,525
- Current portion of long-term debt +€2,057
up €2,057 (+21.4%), from €9,632 to €11,688
- Gross operating margin +€10,774
up €10,774 (+116%), from €9,293 to €20,067
- Other operating charges +€2,790
up €2,790 (+142%), from €1,965 to €4,754
- Taxes +€1,667
up €1,667, from €0 to €1,667
- Depreciation -€465
down €465 (-4.8%), from €9,689 to €9,223
- Financial charges -€224
down €224 (-5.2%), from €4,269 to €4,046
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 | €114,261 | €103,680 | -€10,581 | -9.3% |
| Fixed assets | 21/28 | €92,877 | €90,789 | -€2,088 | -2.2% |
| Tangible fixed assets | 22/27 | €92,877 | €90,789 | -€2,088 | -2.2% |
| Land and buildings | 22 | €86,955 | €80,537 | -€6,419 | -7.4% |
| Furniture and vehicles | 24 | €5,921 | €10,252 | +€4,330 | +73.1% |
| Current assets | 29/58 | €21,384 | €12,892 | -€8,493 | -39.7% |
| Stocks and contracts in progress | 3 | €4,313 | €4,313 | = | 0.0% |
| Stocks | 30/36 | €4,313 | €4,313 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €870 | €2,439 | +€1,569 | +180% |
| Trade receivables | 40 | €0 | €1,606 | +€1,606 | |
| Other amounts receivable | 41 | €870 | €833 | -€37 | -4.2% |
| Cash at bank and in hand | 54/58 | €15,892 | €6,140 | -€9,752 | -61.4% |
| Deferred charges and accrued income | 490/1 | €309 | €0 | -€309 | -100% |
| Total equity and liabilities | 10/49 | €114,261 | €103,680 | -€10,581 | -9.3% |
| Equity | 10/15 | €6,519 | €6,905 | +€386 | +5.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€5,881 | -€5,495 | +€386 | +6.6% |
| Amounts payable | 17/49 | €107,742 | €96,776 | -€10,967 | -10.2% |
| Amounts payable after more than one year | 17 | €79,087 | €75,238 | -€3,849 | -4.9% |
| Financial debts | 170/4 | €79,087 | €75,238 | -€3,849 | -4.9% |
| Amounts payable within one year | 42/48 | €28,142 | €21,064 | -€7,078 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €9,632 | €11,688 | +€2,057 | +21.4% |
| Trade debts | 44 | €4,677 | €2,525 | -€2,152 | -46.0% |
| Suppliers | 440/4 | €4,677 | €2,525 | -€2,152 | -46.0% |
| Taxes, remuneration and social security | 45 | €7,466 | €3,475 | -€3,991 | -53.5% |
| Taxes | 450/3 | €5,194 | €3,475 | -€1,719 | -33.1% |
| Remuneration and social security | 454/9 | €2,272 | €0 | -€2,272 | -100% |
| Other amounts payable | 47/48 | €6,367 | €3,376 | -€2,992 | -47.0% |
| Accrued charges and deferred income | 492/3 | €513 | €473 | -€40 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,689 | €9,223 | -€465 | -4.8% |
| Other operating charges | 640/8 | €1,965 | €4,754 | +€2,790 | +142% |
| Gross operating margin | 9900 | €9,293 | €20,067 | +€10,774 | +116% |
| Operating profit (loss) | 9901 | -€2,360 | €6,089 | +€8,449 | |
| Financial income | 75/76B | €0 | €9 | +€9 | +91,600% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +91,600% |
| Financial charges | 65/66B | €4,269 | €4,046 | -€224 | -5.2% |
| Recurring financial charges | 65 | €4,269 | €4,046 | -€224 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,630 | €2,053 | +€8,683 | |
| Income taxes | 67/77 | €0 | €1,667 | +€1,667 | |
| Profit (loss) for the period | 9904 | -€6,630 | €386 | +€7,016 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,630 | €386 | +€7,016 |
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.