Stijn Holsbeek: what changed
Stijn Holsbeek
Largest movements
- Cash -€9,481
down €9,481 (-68.9%), from €13,752 to €4,271
mainly Receivables within one year (-€7,742) and Tax, wage and social debts (-€3,824)
- Receivables within one year +€7,742
up €7,742 (+80.8%), from €9,584 to €17,326
of which Trade receivables: +€7,742
- Deferred charges and accrued income -€735
down €735 (-48.8%), from €1,506 to €771
- Tangible fixed assets +€369
up €369 (+15.7%), from €2,355 to €2,724
- Tax, wage and social debts -€3,824
down €3,824 (-32.1%), from €11,908 to €8,084
of which Taxes: -€3,824
- Other debts +€2,166
up €2,166 (+79.1%), from €2,739 to €4,906
- Gross operating margin +€1,364
up €1,364 (+46.5%), from €2,934 to €4,299
- Other operating charges -€279
down €279 (-25.2%), from €1,106 to €827
- Depreciation +€273
up €273 (+33.0%), from €829 to €1,102
- Taxes +€220
up €220, from -€105 to €115
- Financial charges -€75
down €75 (-2.9%), from €2,590 to €2,514
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,196 | €25,091 | -€2,105 | -7.7% |
| Fixed assets | 21/28 | €2,355 | €2,724 | +€369 | +15.7% |
| Tangible fixed assets | 22/27 | €2,355 | €2,724 | +€369 | +15.7% |
| Plant, machinery and equipment | 23 | €2,355 | €2,724 | +€369 | +15.7% |
| Current assets | 29/58 | €24,842 | €22,368 | -€2,474 | -10.0% |
| Amounts receivable within one year | 40/41 | €9,584 | €17,326 | +€7,742 | +80.8% |
| Trade receivables | 40 | €9,513 | €17,255 | +€7,742 | +81.4% |
| Other amounts receivable | 41 | €71 | €71 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,752 | €4,271 | -€9,481 | -68.9% |
| Deferred charges and accrued income | 490/1 | €1,506 | €771 | -€735 | -48.8% |
| Total equity and liabilities | 10/49 | €27,196 | €25,091 | -€2,105 | -7.7% |
| Equity | 10/15 | €9,830 | €9,632 | -€198 | -2.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €7,830 | €7,830 | = | 0.0% |
| Distributable reserves | 133 | €7,830 | €7,830 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€198 | -€198 | |
| Amounts payable | 17/49 | €17,366 | €15,459 | -€1,907 | -11.0% |
| Amounts payable within one year | 42/48 | €17,366 | €15,459 | -€1,907 | -11.0% |
| Trade debts | 44 | €2,719 | €2,469 | -€249 | -9.2% |
| Suppliers | 440/4 | €2,719 | €2,469 | -€249 | -9.2% |
| Taxes, remuneration and social security | 45 | €11,908 | €8,084 | -€3,824 | -32.1% |
| Taxes | 450/3 | €9,608 | €5,784 | -€3,824 | -39.8% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €2,739 | €4,906 | +€2,166 | +79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €829 | €1,102 | +€273 | +33.0% |
| Other operating charges | 640/8 | €1,106 | €827 | -€279 | -25.2% |
| Gross operating margin | 9900 | €2,934 | €4,299 | +€1,364 | +46.5% |
| Operating profit (loss) | 9901 | €1,000 | €2,370 | +€1,370 | +137% |
| Financial income | 75/76B | €0 | €61 | +€61 | +609,900% |
| Recurring financial income | 75 | €0 | €61 | +€61 | +609,900% |
| Financial charges | 65/66B | €2,590 | €2,514 | -€75 | -2.9% |
| Recurring financial charges | 65 | €2,590 | €2,514 | -€75 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,590 | -€84 | +€1,507 | +94.7% |
| Income taxes | 67/77 | -€105 | €115 | +€220 | |
| Profit (loss) for the period | 9904 | -€1,485 | -€198 | +€1,286 | +86.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,485 | -€198 | +€1,286 | +86.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.