STIJN DINGENEN: 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 DINGENEN
Largest movements
- Cash +€197,248
up €197,248 (+29.4%), from €671,273 to €868,521
mainly Net result for the year (+€374,253) and Depreciation (+€41,806)
- Current investments +€143,556
up €143,556 (+6.5%), from €2.2m to €2.4m
- Reserves +€354,253
up €354,253 (+13.7%), from €2.6m to €2.9m
of which Distributable reserves: +€354,253
- Tax, wage and social debts +€40,340
up €40,340 (+73.1%), from €55,189 to €95,529
of which Taxes: +€36,090
- Gross operating margin +€58,490
up €58,490 (+13.2%), from €442,041 to €500,531
- Financial income -€43,756
down €43,756 (-27.4%), from €159,643 to €115,887
of which Non-recurring financial income: -€39,922
- Taxes +€27,443
up €27,443 (+19.4%), from €141,824 to €169,267
- Staff costs -€20,092
down €20,092 (-49.7%), from €40,403 to €20,311
- Depreciation +€14,358
up €14,358 (+52.3%), from €27,448 to €41,806
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 | €3,311,320 | €3,673,947 | +€362,627 | +11.0% |
| Fixed assets | 21/28 | €414,842 | €440,244 | +€25,402 | +6.1% |
| Tangible fixed assets | 22/27 | €414,842 | €440,244 | +€25,402 | +6.1% |
| Land and buildings | 22 | €340,831 | €325,329 | -€15,502 | -4.5% |
| Plant, machinery and equipment | 23 | €39,580 | €35,023 | -€4,557 | -11.5% |
| Furniture and vehicles | 24 | €34,431 | €79,892 | +€45,461 | +132% |
| Current assets | 29/58 | €2,896,478 | €3,233,703 | +€337,225 | +11.6% |
| Amounts receivable within one year | 40/41 | €3,579 | - | -€3,579 | |
| Other amounts receivable | 41 | €3,579 | - | -€3,579 | |
| Current investments | 50/53 | €2,221,626 | €2,365,182 | +€143,556 | +6.5% |
| Cash at bank and in hand | 54/58 | €671,273 | €868,521 | +€197,248 | +29.4% |
| Total equity and liabilities | 10/49 | €3,311,320 | €3,673,947 | +€362,627 | +11.0% |
| Equity | 10/15 | €2,718,499 | €3,072,752 | +€354,253 | +13.0% |
| Contributions | 10/11 | €123,987 | €123,987 | = | 0.0% |
| Reserves | 13 | €2,594,512 | €2,948,765 | +€354,253 | +13.7% |
| Non-distributable reserves | 130/1 | €13,059 | €13,059 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,059 | €13,059 | = | 0.0% |
| Distributable reserves | 133 | €2,581,453 | €2,935,706 | +€354,253 | +13.7% |
| Amounts payable | 17/49 | €592,821 | €601,195 | +€8,374 | +1.4% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 170/4 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €91,925 | €100,222 | +€8,297 | +9.0% |
| Trade debts | 44 | €377 | €86 | -€291 | -77.2% |
| Suppliers | 440/4 | €377 | €86 | -€291 | -77.2% |
| Taxes, remuneration and social security | 45 | €55,189 | €95,529 | +€40,340 | +73.1% |
| Taxes | 450/3 | €55,189 | €91,279 | +€36,090 | +65.4% |
| Remuneration and social security | 454/9 | - | €4,250 | +€4,250 | |
| Other amounts payable | 47/48 | €36,359 | €4,607 | -€31,752 | -87.3% |
| Accrued charges and deferred income | 492/3 | €896 | €973 | +€77 | +8.6% |
| Remuneration, social security and pensions | 62 | €40,403 | €20,311 | -€20,092 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,448 | €41,806 | +€14,358 | +52.3% |
| Other operating charges | 640/8 | €1,248 | €5,014 | +€3,766 | +302% |
| Gross operating margin | 9900 | €442,041 | €500,531 | +€58,490 | +13.2% |
| Operating profit (loss) | 9901 | €372,942 | €433,400 | +€60,458 | +16.2% |
| Financial income | 75/76B | €159,643 | €115,887 | -€43,756 | -27.4% |
| Recurring financial income | 75 | €60,427 | €56,593 | -€3,834 | -6.3% |
| Non-recurring financial income | 76B | €99,216 | €59,294 | -€39,922 | -40.2% |
| Financial charges | 65/66B | €5,306 | €5,767 | +€461 | +8.7% |
| Recurring financial charges | 65 | €5,306 | €5,767 | +€461 | +8.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €527,279 | €543,520 | +€16,241 | +3.1% |
| Income taxes | 67/77 | €141,824 | €169,267 | +€27,443 | +19.4% |
| Profit (loss) for the period | 9904 | €385,455 | €374,253 | -€11,202 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €385,455 | €374,253 | -€11,202 | -2.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.