STIJN DE SAEDELEER: what changed
STIJN DE SAEDELEER
Largest movements
- Cash -€7,923
down €7,923 (-76.2%), from €10,404 to €2,481
mainly Receivables within one year (-€5,132) and Net result for the year (-€4,151)
- Receivables within one year +€5,132
up €5,132 (+69.2%), from €7,417 to €12,549
of which Trade receivables: +€4,538
- Deferred charges and accrued income -€2,280
down €2,280 (-33.3%), from €6,846 to €4,566
- Profit (loss) carried forward -€4,151
new in 2026: -€4,151
- Tax, wage and social debts -€544
down €544 (-52.7%), from €1,032 to €489
- Trade debts -€523
down €523 (-25.2%), from €2,077 to €1,554
- Gross operating margin -€7,752
down €7,752, from €6,515 to -€1,236
- Other operating charges -€949
down €949 (-51.9%), from €1,830 to €881
- Taxes -€882
down €882 (-85.4%), from €1,032 to €151
- Financial charges -€185
down €185 (-11.6%), from €1,599 to €1,414
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,044 | €20,827 | -€5,217 | -20.0% |
| Fixed assets | 21/28 | €1,377 | €1,231 | -€146 | -10.6% |
| Tangible fixed assets | 22/27 | €1,377 | €1,231 | -€146 | -10.6% |
| Plant, machinery and equipment | 23 | €620 | €737 | +€117 | +18.8% |
| Furniture and vehicles | 24 | €757 | €494 | -€263 | -34.7% |
| Current assets | 29/58 | €24,668 | €19,596 | -€5,071 | -20.6% |
| Amounts receivable within one year | 40/41 | €7,417 | €12,549 | +€5,132 | +69.2% |
| Trade receivables | 40 | - | €4,538 | +€4,538 | |
| Other amounts receivable | 41 | €7,417 | €8,011 | +€594 | +8.0% |
| Cash at bank and in hand | 54/58 | €10,404 | €2,481 | -€7,923 | -76.2% |
| Deferred charges and accrued income | 490/1 | €6,846 | €4,566 | -€2,280 | -33.3% |
| Total equity and liabilities | 10/49 | €26,044 | €20,827 | -€5,217 | -20.0% |
| Equity | 10/15 | €22,935 | €18,784 | -€4,151 | -18.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €19,935 | €19,935 | = | 0.0% |
| Distributable reserves | 133 | €19,935 | €19,935 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,151 | -€4,151 | |
| Amounts payable | 17/49 | €3,109 | €2,043 | -€1,066 | -34.3% |
| Amounts payable within one year | 42/48 | €3,109 | €2,043 | -€1,066 | -34.3% |
| Trade debts | 44 | €2,077 | €1,554 | -€523 | -25.2% |
| Suppliers | 440/4 | €2,077 | €1,554 | -€523 | -25.2% |
| Taxes, remuneration and social security | 45 | €1,032 | €489 | -€544 | -52.7% |
| Taxes | 450/3 | €1,032 | €489 | -€544 | -52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €463 | €510 | +€47 | +10.2% |
| Other operating charges | 640/8 | €1,830 | €881 | -€949 | -51.9% |
| Gross operating margin | 9900 | €6,515 | -€1,236 | -€7,752 | |
| Operating profit (loss) | 9901 | €4,222 | -€2,628 | -€6,850 | |
| Financial income | 75/76B | €1 | €41 | +€40 | +4,189% |
| Recurring financial income | 75 | €1 | €41 | +€40 | +4,189% |
| Financial charges | 65/66B | €1,599 | €1,414 | -€185 | -11.6% |
| Recurring financial charges | 65 | €1,599 | €1,414 | -€185 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €2,625 | -€4,000 | -€6,625 | |
| Income taxes | 67/77 | €1,032 | €151 | -€882 | -85.4% |
| Profit (loss) for the period | 9904 | €1,592 | -€4,151 | -€5,743 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,592 | -€4,151 | -€5,743 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.