Stijn Lammertijn: what changed
What changed
Stijn Lammertijn
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€131,114
2024 · €115,090+€16,025
Equity
€719,014
2024 · €587,899+€131,114
Cash
€364,660
2024 · €170,084+€194,576
Balance sheet total
€847,545
2024 · €671,533+€176,013
Largest movements
Assets
- Cash +€194,576
up €194,576 (+114%), from €170,084 to €364,660
mainly Net result for the year (+€131,114) and Debts after one year (+€86,000)
- Tangible fixed assets -€13,529
down €13,529 (-20.1%), from €67,255 to €53,726
of which Furniture and vehicles: -€14,304
Equity and liabilities
- Reserves +€131,114
up €131,114 (+23.0%), from €569,349 to €700,464
- Debts after one year +€86,000
up €86,000 (+614%), from €14,000 to €100,000
- Other debts -€35,000
down €35,000 (-99.9%), from €35,042 to €42
- Current portion of long-term debt -€10,000
down €10,000 (-41.7%), from €24,000 to €14,000
Income statement
- Gross operating margin +€21,657
up €21,657 (+12.7%), from €170,767 to €192,424
- Taxes +€5,454
up €5,454 (+14.1%), from €38,748 to €44,202
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.
Result 2024
€115,090
Gross operating margin
+€21,657
Depreciation
-€1,645
Other operating charges
-€180
Financial income
+€1,380
Financial charges
+€266
Taxes
-€5,454
Result 2025
€131,114
raises the resultlowers the result
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.
From operations
+€122,335
Investment
-€3,759
Financing
+€76,000
Cash 2024
€170,084
From operations (derived)
+€122,335
Net result for the year
+€131,114
Depreciation
+€17,287
Receivables within one year
+€6,470
Deferred charges and accrued income
-€1,435
Trade debts
-€1,199
Tax, wage and social debts
+€5,192
Other debts
-€35,000
Accrued charges and deferred income
-€95
Investment (derived)
-€3,759
Investment in fixed assets (net)
-€3,759
Financing
+€76,000
Debts after one year
+€86,000
Current portion of long-term debt
-€10,000
Cash 2025
€364,660
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €671,533 | €847,545 | +€176,013 | +26.2% |
| Fixed assets | 21/28 | €416,783 | €403,254 | -€13,529 | -3.2% |
| Tangible fixed assets | 22/27 | €67,255 | €53,726 | -€13,529 | -20.1% |
| Plant, machinery and equipment | 23 | €1,209 | €1,984 | +€775 | +64.1% |
| Furniture and vehicles | 24 | €66,046 | €51,742 | -€14,304 | -21.7% |
| Financial fixed assets | 28 | €349,528 | €349,528 | = | 0.0% |
| Current assets | 29/58 | €254,750 | €444,291 | +€189,541 | +74.4% |
| Amounts receivable within one year | 40/41 | €83,676 | €77,206 | -€6,470 | -7.7% |
| Trade receivables | 40 | €45,580 | €70,954 | +€25,375 | +55.7% |
| Other amounts receivable | 41 | €38,097 | €6,252 | -€31,845 | -83.6% |
| Cash at bank and in hand | 54/58 | €170,084 | €364,660 | +€194,576 | +114% |
| Deferred charges and accrued income | 490/1 | €990 | €2,425 | +€1,435 | +145% |
| Total equity and liabilities | 10/49 | €671,533 | €847,545 | +€176,013 | +26.2% |
| Equity | 10/15 | €587,899 | €719,014 | +€131,114 | +22.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €569,349 | €700,464 | +€131,114 | +23.0% |
| Distributable reserves | 133 | €569,349 | €700,464 | +€131,114 | +23.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €83,634 | €128,532 | +€44,898 | +53.7% |
| Amounts payable after more than one year | 17 | €14,000 | €100,000 | +€86,000 | +614% |
| Financial debts | 170/4 | €14,000 | €100,000 | +€86,000 | +614% |
| Amounts payable within one year | 42/48 | €68,914 | €27,907 | -€41,007 | -59.5% |
| Current portion of amounts payable after more than one year | 42 | €24,000 | €14,000 | -€10,000 | -41.7% |
| Trade debts | 44 | €1,693 | €494 | -€1,199 | -70.8% |
| Suppliers | 440/4 | €1,693 | €494 | -€1,199 | -70.8% |
| Taxes, remuneration and social security | 45 | €8,180 | €13,371 | +€5,192 | +63.5% |
| Taxes | 450/3 | €8,180 | €13,371 | +€5,192 | +63.5% |
| Other amounts payable | 47/48 | €35,042 | €42 | -€35,000 | -99.9% |
| Accrued charges and deferred income | 492/3 | €719 | €625 | -€95 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,642 | €17,287 | +€1,645 | +10.5% |
| Other operating charges | 640/8 | €577 | €757 | +€180 | +31.1% |
| Gross operating margin | 9900 | €170,767 | €192,424 | +€21,657 | +12.7% |
| Operating profit (loss) | 9901 | €154,548 | €174,380 | +€19,832 | +12.8% |
| Financial income | 75/76B | €0 | €1,380 | +€1,380 | |
| Recurring financial income | 75 | €0 | €1,380 | +€1,380 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €710 | €443 | -€266 | -37.5% |
| Recurring financial charges | 65 | €710 | €443 | -€266 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €153,838 | €175,317 | +€21,479 | +14.0% |
| Income taxes | 67/77 | €38,748 | €44,202 | +€5,454 | +14.1% |
| Profit (loss) for the period | 9904 | €115,090 | €131,114 | +€16,025 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €115,090 | €131,114 | +€16,025 | +13.9% |
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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 3 November 2026 via checked.be.