STIJN SCHOUTEDEN: 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 SCHOUTEDEN
Largest movements
- Receivables within one year +€10,558
up €10,558 (+57.9%), from €18,230 to €28,788
of which Other amounts receivable: +€6,974
- Cash -€10,179
down €10,179 (-66.4%), from €15,333 to €5,154
mainly Receivables within one year (-€10,558) and Debts after one year (-€7,481)
- Tangible fixed assets -€8,395
down €8,395 (-23.8%), from €35,258 to €26,863
of which Furniture and vehicles: -€7,454
- Debts after one year -€7,481
down €7,481 (-35.5%), from €21,048 to €13,567
- Profit (loss) carried forward -€1,563
down €1,563 (-4.4%), from €35,415 to €33,852
- Current portion of long-term debt +€704
up €704 (+11.6%), from €6,087 to €6,791
- Gross operating margin -€24,059
down €24,059 (-70.6%), from €34,086 to €10,027
- Taxes -€5,041
down €5,041 (-92.6%), from €5,442 to €401
- Financial charges -€611
down €611 (-29.4%), from €2,078 to €1,467
- Other operating charges -€507
down €507 (-31.9%), from €1,591 to €1,083
- Depreciation +€436
up €436 (+4.8%), from €9,004 to €9,440
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 | €68,821 | €60,805 | -€8,015 | -11.6% |
| Fixed assets | 21/28 | €35,258 | €26,863 | -€8,395 | -23.8% |
| Tangible fixed assets | 22/27 | €35,258 | €26,863 | -€8,395 | -23.8% |
| Land and buildings | 22 | €2,138 | €1,603 | -€534 | -25.0% |
| Plant, machinery and equipment | 23 | €1,240 | €834 | -€406 | -32.8% |
| Furniture and vehicles | 24 | €31,880 | €24,426 | -€7,454 | -23.4% |
| Current assets | 29/58 | €33,563 | €33,942 | +€379 | +1.1% |
| Amounts receivable within one year | 40/41 | €18,230 | €28,788 | +€10,558 | +57.9% |
| Trade receivables | 40 | €5,374 | €8,958 | +€3,584 | +66.7% |
| Other amounts receivable | 41 | €12,855 | €19,830 | +€6,974 | +54.3% |
| Cash at bank and in hand | 54/58 | €15,333 | €5,154 | -€10,179 | -66.4% |
| Total equity and liabilities | 10/49 | €68,821 | €60,805 | -€8,015 | -11.6% |
| Equity | 10/15 | €36,415 | €34,852 | -€1,563 | -4.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,415 | €33,852 | -€1,563 | -4.4% |
| Amounts payable | 17/49 | €32,405 | €25,953 | -€6,452 | -19.9% |
| Amounts payable after more than one year | 17 | €21,048 | €13,567 | -€7,481 | -35.5% |
| Financial debts | 170/4 | €21,048 | €13,567 | -€7,481 | -35.5% |
| Amounts payable within one year | 42/48 | €11,357 | €12,386 | +€1,029 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €6,087 | €6,791 | +€704 | +11.6% |
| Trade debts | 44 | €5,270 | €5,595 | +€325 | +6.2% |
| Suppliers | 440/4 | €5,270 | €5,595 | +€325 | +6.2% |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,004 | €9,440 | +€436 | +4.8% |
| Other operating charges | 640/8 | €1,591 | €1,083 | -€507 | -31.9% |
| Gross operating margin | 9900 | €34,086 | €10,027 | -€24,059 | -70.6% |
| Operating profit (loss) | 9901 | €23,492 | -€496 | -€23,988 | |
| Financial income | 75/76B | €493 | €801 | +€307 | +62.3% |
| Recurring financial income | 75 | €493 | €801 | +€307 | +62.3% |
| Financial charges | 65/66B | €2,078 | €1,467 | -€611 | -29.4% |
| Recurring financial charges | 65 | €2,078 | €1,467 | -€611 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €21,907 | -€1,162 | -€23,070 | |
| Income taxes | 67/77 | €5,442 | €401 | -€5,041 | -92.6% |
| Profit (loss) for the period | 9904 | €16,465 | -€1,563 | -€18,029 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,465 | -€1,563 | -€18,029 |
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.