STIJN LEIRS: 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 LEIRS
Largest movements
- Receivables within one year -€17,032
down €17,032 (-9.6%), from €178,054 to €161,022
of which Other amounts receivable: -€23,758
- Tangible fixed assets -€13,401
down €13,401 (-35.2%), from €38,044 to €24,644
of which Leasing and similar rights: -€11,887
- Cash +€7,870
up €7,870 (+4,462%), from €176 to €8,046
mainly Net result for the year (+€30,321) and Receivables within one year (+€17,032)
- Current investments +€2,544
new in 2025: €2,544
- Reserves +€30,321
up €30,321 (+29.5%), from €102,655 to €132,977
- Other debts -€29,119
down €29,119 (-88.1%), from €33,065 to €3,946
- Debts after one year -€28,915
down €28,915 (-62.9%), from €46,000 to €17,085
- Tax, wage and social debts +€11,452
up €11,452 (+33.8%), from €33,830 to €45,282
- Trade debts -€7,875
down €7,875 (-82.0%), from €9,601 to €1,726
- Gross operating margin -€44,584
down €44,584 (-42.3%), from €105,279 to €60,694
- Taxes -€14,569
down €14,569 (-48.6%), from €30,003 to €15,434
- Financial charges -€3,083
down €3,083 (-54.3%), from €5,681 to €2,598
- Depreciation +€1,261
up €1,261 (+10.4%), from €12,140 to €13,401
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 | €253,631 | €234,887 | -€18,744 | -7.4% |
| Fixed assets | 21/28 | €74,635 | €61,235 | -€13,401 | -18.0% |
| Tangible fixed assets | 22/27 | €38,044 | €24,644 | -€13,401 | -35.2% |
| Furniture and vehicles | 24 | €7,138 | €5,625 | -€1,514 | -21.2% |
| Leasing and similar rights | 25 | €30,906 | €19,019 | -€11,887 | -38.5% |
| Financial fixed assets | 28 | €36,591 | €36,591 | = | 0.0% |
| Current assets | 29/58 | €178,996 | €173,652 | -€5,343 | -3.0% |
| Amounts receivable within one year | 40/41 | €178,054 | €161,022 | -€17,032 | -9.6% |
| Trade receivables | 40 | €52,223 | €58,949 | +€6,726 | +12.9% |
| Other amounts receivable | 41 | €125,831 | €102,073 | -€23,758 | -18.9% |
| Current investments | 50/53 | - | €2,544 | +€2,544 | |
| Cash at bank and in hand | 54/58 | €176 | €8,046 | +€7,870 | +4,462% |
| Deferred charges and accrued income | 490/1 | €765 | €2,040 | +€1,275 | +167% |
| Total equity and liabilities | 10/49 | €253,631 | €234,887 | -€18,744 | -7.4% |
| Equity | 10/15 | €103,155 | €133,477 | +€30,321 | +29.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €102,655 | €132,977 | +€30,321 | +29.5% |
| Distributable reserves | 133 | €102,655 | €132,977 | +€30,321 | +29.5% |
| Amounts payable | 17/49 | €150,476 | €101,410 | -€49,065 | -32.6% |
| Amounts payable after more than one year | 17 | €46,000 | €17,085 | -€28,915 | -62.9% |
| Financial debts | 170/4 | €46,000 | €17,085 | -€28,915 | -62.9% |
| Amounts payable within one year | 42/48 | €99,117 | €75,368 | -€23,748 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €22,595 | €22,872 | +€277 | +1.2% |
| Trade debts | 44 | €9,601 | €1,726 | -€7,875 | -82.0% |
| Suppliers | 440/4 | €9,601 | €1,726 | -€7,875 | -82.0% |
| Advances received on contracts in progress | 46 | €25 | €1,543 | +€1,518 | +6,022% |
| Taxes, remuneration and social security | 45 | €33,830 | €45,282 | +€11,452 | +33.8% |
| Taxes | 450/3 | €33,830 | €45,282 | +€11,452 | +33.8% |
| Other amounts payable | 47/48 | €33,065 | €3,946 | -€29,119 | -88.1% |
| Accrued charges and deferred income | 492/3 | €5,359 | €8,957 | +€3,598 | +67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,140 | €13,401 | +€1,261 | +10.4% |
| Other operating charges | 640/8 | €523 | €508 | -€14 | -2.7% |
| Gross operating margin | 9900 | €105,279 | €60,694 | -€44,584 | -42.3% |
| Operating profit (loss) | 9901 | €92,616 | €46,786 | -€45,831 | -49.5% |
| Financial income | 75/76B | €2,168 | €1,567 | -€600 | -27.7% |
| Recurring financial income | 75 | €2,168 | €1,567 | -€600 | -27.7% |
| Financial charges | 65/66B | €5,681 | €2,598 | -€3,083 | -54.3% |
| Recurring financial charges | 65 | €5,681 | €2,598 | -€3,083 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | €89,103 | €45,755 | -€43,348 | -48.6% |
| Income taxes | 67/77 | €30,003 | €15,434 | -€14,569 | -48.6% |
| Profit (loss) for the period | 9904 | €59,100 | €30,321 | -€28,779 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,100 | €30,321 | -€28,779 | -48.7% |
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 23 October 2026 via checked.be.