STIJN STEVENS: 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 STEVENS
Largest movements
- Receivables within one year +€16,240
up €16,240 (+18.1%), from €89,618 to €105,858
of which Trade receivables: +€12,609
- Tangible fixed assets -€13,542
down €13,542 (-15.0%), from €90,397 to €76,855
of which Plant, machinery and equipment: -€13,359
- Debts after one year -€14,653
down €14,653 (-11.6%), from €126,305 to €111,652
- Profit (loss) carried forward +€12,350
up €12,350 (+24.7%), from -€49,954 to -€37,605
- Trade debts +€4,852
up €4,852 (+11.9%), from €40,780 to €45,632
- Short-term financial debts +€3,201
new in 2023: €3,201
- Staff costs -€36,339
down €36,339 (-74.0%), from €49,088 to €12,749
- Gross operating margin -€26,540
down €26,540 (-38.1%), from €69,600 to €43,059
- Other operating charges +€1,458
up €1,458 (+113%), from €1,287 to €2,745
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,712 | €188,936 | +€4,223 | +2.3% |
| Fixed assets | 21/28 | €90,397 | €76,855 | -€13,542 | -15.0% |
| Tangible fixed assets | 22/27 | €90,397 | €76,855 | -€13,542 | -15.0% |
| Land and buildings | 22 | €1,638 | €1,455 | -€184 | -11.2% |
| Plant, machinery and equipment | 23 | €88,758 | €75,400 | -€13,359 | -15.1% |
| Current assets | 29/58 | €94,316 | €112,081 | +€17,765 | +18.8% |
| Stocks and contracts in progress | 3 | €3,774 | €4,095 | +€322 | +8.5% |
| Stocks | 30/36 | €3,774 | €4,095 | +€322 | +8.5% |
| Amounts receivable within one year | 40/41 | €89,618 | €105,858 | +€16,240 | +18.1% |
| Trade receivables | 40 | €87,360 | €99,969 | +€12,609 | +14.4% |
| Other amounts receivable | 41 | €2,258 | €5,889 | +€3,631 | +161% |
| Cash at bank and in hand | 54/58 | €39 | €464 | +€425 | +1,095% |
| Deferred charges and accrued income | 490/1 | €885 | €1,664 | +€778 | +87.9% |
| Total equity and liabilities | 10/49 | €184,712 | €188,936 | +€4,223 | +2.3% |
| Equity | 10/15 | €14,129 | €26,479 | +€12,350 | +87.4% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €14,504 | €14,504 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,895 | €1,895 | = | 0.0% |
| Distributable reserves | 133 | €7,652 | €7,652 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,954 | -€37,605 | +€12,350 | +24.7% |
| Amounts payable | 17/49 | €170,584 | €162,457 | -€8,126 | -4.8% |
| Amounts payable after more than one year | 17 | €126,305 | €111,652 | -€14,653 | -11.6% |
| Financial debts | 170/4 | €126,305 | €111,652 | -€14,653 | -11.6% |
| Amounts payable within one year | 42/48 | €44,279 | €50,806 | +€6,527 | +14.7% |
| Financial debts | 43 | - | €3,201 | +€3,201 | |
| Credit institutions | 430/8 | - | €3,201 | +€3,201 | |
| Trade debts | 44 | €40,780 | €45,632 | +€4,852 | +11.9% |
| Suppliers | 440/4 | €40,780 | €45,632 | +€4,852 | +11.9% |
| Taxes, remuneration and social security | 45 | €3,498 | €1,972 | -€1,526 | -43.6% |
| Taxes | 450/3 | - | €296 | +€296 | |
| Remuneration and social security | 454/9 | €3,498 | €1,677 | -€1,822 | -52.1% |
| Remuneration, social security and pensions | 62 | €49,088 | €12,749 | -€36,339 | -74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,095 | €15,141 | +€46 | +0.3% |
| Other operating charges | 640/8 | €1,287 | €2,745 | +€1,458 | +113% |
| Non-recurring operating charges | 66A | - | €126 | +€126 | |
| Gross operating margin | 9900 | €69,600 | €43,059 | -€26,540 | -38.1% |
| Operating profit (loss) | 9901 | €4,130 | €12,298 | +€8,168 | +198% |
| Financial income | 75/76B | €55 | €83 | +€28 | +52.0% |
| Recurring financial income | 75 | €55 | €83 | +€28 | +52.0% |
| Financial charges | 65/66B | €209 | -€228 | -€438 | |
| Recurring financial charges | 65 | €209 | -€228 | -€438 | |
| Profit (loss) for the period before taxes | 9903 | €3,975 | €12,609 | +€8,634 | +217% |
| Income taxes | 67/77 | - | €260 | +€260 | |
| Profit (loss) for the period | 9904 | €3,975 | €12,350 | +€8,375 | +211% |
| Profit (loss) for the period to be appropriated | 9905 | €3,975 | €12,350 | +€8,375 | +211% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.