STIJN SEURS: 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 SEURS
Largest movements
- Receivables within one year +€30,831
up €30,831 (+110%), from €27,935 to €58,766
- Cash -€12,798
down €12,798 (-14.9%), from €86,073 to €73,275
mainly Receivables within one year (-€30,831) and Tax, wage and social debts (-€8,193)
- Reserves +€21,550
up €21,550 (+36.6%), from €58,825 to €80,374
- Tax, wage and social debts -€8,193
down €8,193 (-19.5%), from €41,962 to €33,769
of which Remuneration and social security: -€4,755
- Other debts +€2,539
up €2,539 (+53.5%), from €4,747 to €7,286
- Trade debts +€1,866
up €1,866 (+29.6%), from €6,294 to €8,160
- Gross operating margin -€9,402
down €9,402 (-24.1%), from €39,033 to €29,631
- Taxes -€2,156
down €2,156 (-23.7%), from €9,085 to €6,929
- Financial charges +€451
up €451 (+175%), from €259 to €710
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 | €114,900 | €132,950 | +€18,050 | +15.7% |
| Current assets | 29/58 | €114,900 | €132,950 | +€18,050 | +15.7% |
| Amounts receivable within one year | 40/41 | €27,935 | €58,766 | +€30,831 | +110% |
| Trade receivables | 40 | €27,935 | €58,766 | +€30,831 | +110% |
| Cash at bank and in hand | 54/58 | €86,073 | €73,275 | -€12,798 | -14.9% |
| Deferred charges and accrued income | 490/1 | €892 | €910 | +€18 | +2.0% |
| Total equity and liabilities | 10/49 | €114,900 | €132,950 | +€18,050 | +15.7% |
| Equity | 10/15 | €61,825 | €83,374 | +€21,550 | +34.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €58,825 | €80,374 | +€21,550 | +36.6% |
| Distributable reserves | 133 | €58,825 | €80,374 | +€21,550 | +36.6% |
| Amounts payable | 17/49 | €53,076 | €49,576 | -€3,500 | -6.6% |
| Amounts payable within one year | 42/48 | €53,003 | €49,215 | -€3,788 | -7.1% |
| Trade debts | 44 | €6,294 | €8,160 | +€1,866 | +29.6% |
| Suppliers | 440/4 | €6,294 | €8,160 | +€1,866 | +29.6% |
| Taxes, remuneration and social security | 45 | €41,962 | €33,769 | -€8,193 | -19.5% |
| Taxes | 450/3 | €29,092 | €25,655 | -€3,438 | -11.8% |
| Remuneration and social security | 454/9 | €12,870 | €8,115 | -€4,755 | -36.9% |
| Other amounts payable | 47/48 | €4,747 | €7,286 | +€2,539 | +53.5% |
| Accrued charges and deferred income | 492/3 | €73 | €361 | +€288 | +395% |
| Other operating charges | 640/8 | €738 | €445 | -€293 | -39.7% |
| Gross operating margin | 9900 | €39,033 | €29,631 | -€9,402 | -24.1% |
| Operating profit (loss) | 9901 | €38,295 | €29,186 | -€9,109 | -23.8% |
| Financial income | 75/76B | €2 | €2 | +€0 | +11.4% |
| Recurring financial income | 75 | €2 | €2 | +€0 | +11.4% |
| Financial charges | 65/66B | €259 | €710 | +€451 | +175% |
| Recurring financial charges | 65 | €259 | €710 | +€451 | +175% |
| Profit (loss) for the period before taxes | 9903 | €38,039 | €28,478 | -€9,560 | -25.1% |
| Income taxes | 67/77 | €9,085 | €6,929 | -€2,156 | -23.7% |
| Profit (loss) for the period | 9904 | €28,954 | €21,550 | -€7,404 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,954 | €21,550 | -€7,404 | -25.6% |
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 27 October 2026 via checked.be.