STIJN VAN OPSTAL: 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.
What changed
STIJN VAN OPSTAL
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€11,698
2024 · €1.4m-€1.4m
Equity
€1.7m
2024 · €1.7m+€11,698
Cash
€207,993
2024 · €30,874+€177,119
Balance sheet total
€2.1m
2024 · €1.9m+€192,539
Largest movements
Assets
- Cash +€177,119
up €177,119 (+574%), from €30,874 to €207,993
mainly Debts after one year (+€188,848) and Depreciation (+€33,415)
- Tangible fixed assets -€32,168
down €32,168 (-18.5%), from €173,577 to €141,409
- Current investments +€28,604
up €28,604 (+2.3%), from €1.2m to €1.3m
Equity and liabilities
- Debts after one year +€188,848
up €188,848 (+172%), from €109,861 to €298,708
of which Other amounts payable: +€200,000
Income statement
- Gross operating margin -€2.1m
down €2.1m (-98.6%), from €2.1m to €30,319
- Taxes -€668,656
down €668,656 (-99.6%), from €671,365 to €2,709
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.
Result 2024
€1.4m
Gross operating margin
-€2.1m
Depreciation
-€6,240
Other operating charges
+€55
Financial income
-€3,283
Financial charges
-€4,234
Taxes
+€668,656
Result 2025
€11,698
raises the resultlowers the result
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.
From operations
+€17,735
Investment
-€29,851
Financing
+€189,235
Cash 2024
€30,874
From operations (derived)
+€17,735
Net result for the year
+€11,698
Depreciation
+€33,415
Receivables after one year
-€7,170
Receivables within one year
-€12,064
Smaller working-capital items
+€78
Tax, wage and social debts
-€11,696
Other debts
+€3,475
Investment (derived)
-€29,851
Investment in fixed assets (net)
-€1,247
Current investments
-€28,604
Financing
+€189,235
Debts after one year
+€188,848
Current portion of long-term debt
+€387
Cash 2025
€207,993
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,942,883 | €2,135,422 | +€192,539 | +9.9% |
| Fixed assets | 21/28 | €173,578 | €141,410 | -€32,168 | -18.5% |
| Tangible fixed assets | 22/27 | €173,577 | €141,409 | -€32,168 | -18.5% |
| Land and buildings | 22 | €94,200 | €85,550 | -€8,650 | -9.2% |
| Plant, machinery and equipment | 23 | €64,211 | €49,693 | -€14,519 | -22.6% |
| Furniture and vehicles | 24 | €15,166 | €6,166 | -€8,999 | -59.3% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €1,769,305 | €1,994,012 | +€224,707 | +12.7% |
| Amounts receivable after more than one year | 29 | €25,000 | €32,170 | +€7,170 | +28.7% |
| Trade receivables | 290 | €25,000 | €32,170 | +€7,170 | +28.7% |
| Stocks and contracts in progress | 3 | €481,600 | €481,600 | = | 0.0% |
| Stocks | 30/36 | €481,600 | €481,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €121 | €12,185 | +€12,064 | +10,006% |
| Other amounts receivable | 41 | €121 | €12,185 | +€12,064 | +10,006% |
| Current investments | 50/53 | €1,231,461 | €1,260,065 | +€28,604 | +2.3% |
| Cash at bank and in hand | 54/58 | €30,874 | €207,993 | +€177,119 | +574% |
| Deferred charges and accrued income | 490/1 | €250 | - | -€250 | |
| Total equity and liabilities | 10/49 | €1,942,883 | €2,135,422 | +€192,539 | +9.9% |
| Equity | 10/15 | €1,666,922 | €1,678,620 | +€11,698 | +0.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,654,522 | €1,666,220 | +€11,698 | +0.7% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €1,652,522 | €1,666,220 | +€13,698 | +0.8% |
| Amounts payable | 17/49 | €275,961 | €456,802 | +€180,841 | +65.5% |
| Amounts payable after more than one year | 17 | €109,861 | €298,708 | +€188,848 | +172% |
| Financial debts | 170/4 | €109,861 | €98,708 | -€11,152 | -10.2% |
| Other amounts payable | 178/9 | - | €200,000 | +€200,000 | |
| Amounts payable within one year | 42/48 | €162,081 | €154,074 | -€8,007 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €10,765 | €11,152 | +€387 | +3.6% |
| Trade debts | 44 | €285 | €113 | -€172 | -60.3% |
| Suppliers | 440/4 | €285 | €113 | -€172 | -60.3% |
| Taxes, remuneration and social security | 45 | €148,667 | €136,971 | -€11,696 | -7.9% |
| Taxes | 450/3 | €148,667 | €136,971 | -€11,696 | -7.9% |
| Other amounts payable | 47/48 | €2,363 | €5,838 | +€3,475 | +147% |
| Accrued charges and deferred income | 492/3 | €4,020 | €4,020 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,175 | €33,415 | +€6,240 | +23.0% |
| Other operating charges | 640/8 | €3,062 | €3,007 | -€55 | -1.8% |
| Gross operating margin | 9900 | €2,119,582 | €30,319 | -€2.1m | -98.6% |
| Operating profit (loss) | 9901 | €2,089,344 | -€6,103 | -€2.1m | |
| Financial income | 75/76B | €31,161 | €27,878 | -€3,283 | -10.5% |
| Recurring financial income | 75 | €31,161 | €27,878 | -€3,283 | -10.5% |
| Financial charges | 65/66B | €3,134 | €7,368 | +€4,234 | +135% |
| Recurring financial charges | 65 | €3,134 | €7,368 | +€4,234 | +135% |
| Profit (loss) for the period before taxes | 9903 | €2,117,371 | €14,407 | -€2.1m | -99.3% |
| Income taxes | 67/77 | €671,365 | €2,709 | -€668,656 | -99.6% |
| Profit (loss) for the period | 9904 | €1,446,006 | €11,698 | -€1.4m | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,446,006 | €11,698 | -€1.4m | -99.2% |
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 31 October 2026 via checked.be.