STIJN DECROOS: 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 DECROOS
Largest movements
- Cash +€100,343
up €100,343 (+295%), from €34,009 to €134,352
mainly Net result for the year (+€83,870) and Depreciation (+€35,858)
- Tangible fixed assets -€31,541
down €31,541 (-26.7%), from €118,177 to €86,636
of which Furniture and vehicles: -€25,558
- Current investments +€25,000
up €25,000 (+33.3%), from €75,000 to €100,000
- Receivables within one year -€11,872
down €11,872 (-31.7%), from €37,487 to €25,615
of which Other amounts receivable: -€10,087
- Reserves +€83,870
up €83,870 (+47.0%), from €178,619 to €262,490
- Depreciation +€4,716
up €4,716 (+15.1%), from €31,142 to €35,858
- Financial charges -€1,595
down €1,595 (-20.6%), from €7,756 to €6,162
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 | €279,888 | €363,353 | +€83,465 | +29.8% |
| Fixed assets | 21/28 | €118,177 | €86,636 | -€31,541 | -26.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €118,177 | €86,636 | -€31,541 | -26.7% |
| Plant, machinery and equipment | 23 | €18,846 | €12,863 | -€5,983 | -31.7% |
| Furniture and vehicles | 24 | €99,332 | €73,774 | -€25,558 | -25.7% |
| Current assets | 29/58 | €161,710 | €276,716 | +€115,006 | +71.1% |
| Stocks and contracts in progress | 3 | €9,850 | €10,249 | +€398 | +4.0% |
| Stocks | 30/36 | €9,850 | €10,249 | +€398 | +4.0% |
| Amounts receivable within one year | 40/41 | €37,487 | €25,615 | -€11,872 | -31.7% |
| Trade receivables | 40 | €24,320 | €22,534 | -€1,785 | -7.3% |
| Other amounts receivable | 41 | €13,168 | €3,081 | -€10,087 | -76.6% |
| Current investments | 50/53 | €75,000 | €100,000 | +€25,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €34,009 | €134,352 | +€100,343 | +295% |
| Deferred charges and accrued income | 490/1 | €5,364 | €6,501 | +€1,137 | +21.2% |
| Total equity and liabilities | 10/49 | €279,888 | €363,353 | +€83,465 | +29.8% |
| Equity | 10/15 | €183,619 | €267,490 | +€83,870 | +45.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €178,619 | €262,490 | +€83,870 | +47.0% |
| Distributable reserves | 133 | €178,619 | €262,490 | +€83,870 | +47.0% |
| Amounts payable | 17/49 | €96,268 | €95,863 | -€405 | -0.4% |
| Amounts payable within one year | 42/48 | €96,268 | €95,863 | -€405 | -0.4% |
| Trade debts | 44 | €2,089 | €1,468 | -€622 | -29.8% |
| Suppliers | 440/4 | €2,089 | €1,468 | -€622 | -29.8% |
| Taxes, remuneration and social security | 45 | €3,908 | €6,829 | +€2,920 | +74.7% |
| Taxes | 450/3 | €2,658 | €5,550 | +€2,891 | +109% |
| Remuneration and social security | 454/9 | €1,250 | €1,279 | +€29 | +2.3% |
| Other amounts payable | 47/48 | €90,271 | €87,567 | -€2,704 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,142 | €35,858 | +€4,716 | +15.1% |
| Other operating charges | 640/8 | €1,192 | €1,559 | +€367 | +30.8% |
| Gross operating margin | 9900 | €146,378 | €147,600 | +€1,221 | +0.8% |
| Operating profit (loss) | 9901 | €114,044 | €110,183 | -€3,861 | -3.4% |
| Financial income | 75/76B | €2,699 | €1,915 | -€785 | -29.1% |
| Recurring financial income | 75 | €2,699 | €1,915 | -€785 | -29.1% |
| Financial charges | 65/66B | €7,756 | €6,162 | -€1,595 | -20.6% |
| Recurring financial charges | 65 | €7,756 | €6,162 | -€1,595 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €108,987 | €105,936 | -€3,051 | -2.8% |
| Income taxes | 67/77 | €22,797 | €22,065 | -€731 | -3.2% |
| Profit (loss) for the period | 9904 | €86,190 | €83,870 | -€2,320 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,190 | €83,870 | -€2,320 | -2.7% |
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 22 October 2026 via checked.be.