Stijn M: 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 M
Largest movements
- Tangible fixed assets -€6,952
down €6,952 (-92.1%), from €7,551 to €599
of which Furniture and vehicles: -€6,061
- Receivables within one year +€5,608
up €5,608 (+420%), from €1,334 to €6,942
of which Trade receivables: +€4,233
- Stocks and contracts +€2,569
up €2,569, from €0 to €2,569
of which Stocks: +€2,569
- Deferred charges and accrued income +€1,573
up €1,573, from €0 to €1,573
- Cash +€1,031
up €1,031 (+96.9%), from €1,064 to €2,095
mainly Investment in fixed assets (net) (+€4,861) and Trade debts (+€4,825)
- Trade debts +€4,825
up €4,825 (+330%), from €1,464 to €6,288
- Tax, wage and social debts -€3,254
down €3,254 (-54.0%), from €6,023 to €2,769
of which Taxes: -€5,168
- Other debts +€1,956
up €1,956 (+120%), from €1,627 to €3,583
- Profit (loss) carried forward +€301
up €301 (+2.1%), from -€14,550 to -€14,249
- Gross operating margin +€14,377
up €14,377, from -€7,306 to €7,071
- Depreciation -€3,077
down €3,077 (-59.5%), from €5,168 to €2,091
- Other operating charges +€1,081
up €1,081 (+82.4%), from €1,312 to €2,393
- Taxes -€855
down €855 (-100%), from €855 to €0
- Financial income -€289
down €289 (-96.3%), from €300 to €11
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 | €10,999 | €14,827 | +€3,828 | +34.8% |
| Fixed assets | 21/28 | €8,601 | €1,649 | -€6,952 | -80.8% |
| Tangible fixed assets | 22/27 | €7,551 | €599 | -€6,952 | -92.1% |
| Plant, machinery and equipment | 23 | €1,362 | €471 | -€891 | -65.4% |
| Furniture and vehicles | 24 | €6,188 | €127 | -€6,061 | -97.9% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €2,398 | €13,179 | +€10,780 | +450% |
| Stocks and contracts in progress | 3 | €0 | €2,569 | +€2,569 | |
| Stocks | 30/36 | - | €2,569 | +€2,569 | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,334 | €6,942 | +€5,608 | +420% |
| Trade receivables | 40 | €0 | €4,233 | +€4,233 | |
| Other amounts receivable | 41 | €1,334 | €2,709 | +€1,375 | +103% |
| Cash at bank and in hand | 54/58 | €1,064 | €2,095 | +€1,031 | +96.9% |
| Deferred charges and accrued income | 490/1 | €0 | €1,573 | +€1,573 | |
| Total equity and liabilities | 10/49 | €10,999 | €14,827 | +€3,828 | +34.8% |
| Equity | 10/15 | €1,885 | €2,187 | +€301 | +16.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,436 | €13,436 | = | 0.0% |
| Distributable reserves | 133 | €13,436 | €13,436 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,550 | -€14,249 | +€301 | +2.1% |
| Amounts payable | 17/49 | €9,113 | €12,640 | +€3,527 | +38.7% |
| Amounts payable within one year | 42/48 | €9,113 | €12,640 | +€3,527 | +38.7% |
| Trade debts | 44 | €1,464 | €6,288 | +€4,825 | +330% |
| Suppliers | 440/4 | €1,464 | €6,288 | +€4,825 | +330% |
| Taxes, remuneration and social security | 45 | €6,023 | €2,769 | -€3,254 | -54.0% |
| Taxes | 450/3 | €6,023 | €855 | -€5,168 | -85.8% |
| Remuneration and social security | 454/9 | €0 | €1,915 | +€1,915 | |
| Other amounts payable | 47/48 | €1,627 | €3,583 | +€1,956 | +120% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,168 | €2,091 | -€3,077 | -59.5% |
| Other operating charges | 640/8 | €1,312 | €2,393 | +€1,081 | +82.4% |
| Non-recurring operating charges | 66A | - | €2,175 | +€2,175 | |
| Gross operating margin | 9900 | -€7,306 | €7,071 | +€14,377 | |
| Operating profit (loss) | 9901 | -€13,786 | €412 | +€14,198 | |
| Financial income | 75/76B | €300 | €11 | -€289 | -96.3% |
| Recurring financial income | 75 | €300 | €11 | -€289 | -96.3% |
| Financial charges | 65/66B | €210 | €122 | -€88 | -41.8% |
| Recurring financial charges | 65 | €210 | €122 | -€88 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,696 | €301 | +€13,997 | |
| Income taxes | 67/77 | €855 | €0 | -€855 | -100% |
| Profit (loss) for the period | 9904 | -€14,550 | €301 | +€14,852 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,550 | €301 | +€14,852 |
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.