STIJN VAN AELST: 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 VAN AELST
Largest movements
- Tangible fixed assets +€221,954
up €221,954 (+118%), from €187,776 to €409,730
of which Land and buildings: +€221,030
- Other debts +€235,598
up €235,598 (+99.1%), from €237,730 to €473,328
- Profit (loss) carried forward -€39,322
down €39,322 (-73.4%), from -€53,555 to -€92,877
- Trade debts +€27,329
up €27,329 (+140,147%), from €20 to €27,348
- Other operating charges -€23,132
down €23,132 (-87.2%), from €26,535 to €3,403
- Gross operating margin -€8,371
down €8,371 (-61.8%), from -€13,547 to -€21,917
- Depreciation +€585
up €585 (+4.4%), from €13,372 to €13,957
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 | €188,844 | €410,199 | +€221,355 | +117% |
| Fixed assets | 21/28 | €187,776 | €409,730 | +€221,954 | +118% |
| Tangible fixed assets | 22/27 | €187,776 | €409,730 | +€221,954 | +118% |
| Land and buildings | 22 | €187,223 | €408,253 | +€221,030 | +118% |
| Plant, machinery and equipment | 23 | €553 | €171 | -€383 | -69.2% |
| Furniture and vehicles | 24 | - | €1,307 | +€1,307 | |
| Current assets | 29/58 | €1,068 | €468 | -€599 | -56.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,068 | €468 | -€599 | -56.1% |
| Total equity and liabilities | 10/49 | €188,844 | €410,199 | +€221,355 | +117% |
| Equity | 10/15 | -€51,155 | -€90,477 | -€39,322 | -76.9% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,555 | -€92,877 | -€39,322 | -73.4% |
| Amounts payable | 17/49 | €239,999 | €500,676 | +€260,677 | +109% |
| Amounts payable within one year | 42/48 | €239,999 | €500,676 | +€260,677 | +109% |
| Trade debts | 44 | €20 | €27,348 | +€27,329 | +140,147% |
| Suppliers | 440/4 | €20 | €27,348 | +€27,329 | +140,147% |
| Taxes, remuneration and social security | 45 | €2,250 | - | -€2,250 | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | €237,730 | €473,328 | +€235,598 | +99.1% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,372 | €13,957 | +€585 | +4.4% |
| Other operating charges | 640/8 | €26,535 | €3,403 | -€23,132 | -87.2% |
| Non-recurring operating charges | 66A | €43 | - | -€43 | |
| Gross operating margin | 9900 | -€13,547 | -€21,917 | -€8,371 | -61.8% |
| Operating profit (loss) | 9901 | -€53,496 | -€39,277 | +€14,219 | +26.6% |
| Financial charges | 65/66B | €60 | €45 | -€15 | -24.7% |
| Recurring financial charges | 65 | €60 | €45 | -€15 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | -€53,555 | -€39,322 | +€14,234 | +26.6% |
| Profit (loss) for the period | 9904 | -€53,555 | -€39,322 | +€14,234 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,555 | -€39,322 | +€14,234 | +26.6% |
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 18 October 2026 via checked.be.