Stijn VDB: 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 VDB
Largest movements
- Cash +€41,617
up €41,617 (+122%), from €34,000 to €75,617
mainly Net result for the year (+€68,977) and Receivables within one year (+€13,825)
- Receivables within one year -€13,825
down €13,825 (-40.6%), from €34,045 to €20,220
of which Trade receivables: -€14,316
- Tangible fixed assets -€7,500
down €7,500 (-17.1%), from €43,820 to €36,320
of which Furniture and vehicles: -€9,549
- Stocks and contracts +€3,969
up €3,969 (+21.9%), from €18,141 to €22,110
- Reserves +€68,977
up €68,977 (+171%), from €40,330 to €109,307
- Other debts -€41,658
down €41,658 (-53.3%), from €78,215 to €36,556
- Tax, wage and social debts -€3,240
down €3,240 (-75.5%), from €4,292 to €1,052
- Gross operating margin +€35,137
up €35,137 (+56.2%), from €62,488 to €97,625
- Taxes +€4,131
up €4,131 (+28.9%), from €14,292 to €18,423
- Depreciation +€2,755
up €2,755 (+36.1%), from €7,635 to €10,390
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 | €130,257 | €154,591 | +€24,334 | +18.7% |
| Fixed assets | 21/28 | €43,820 | €36,320 | -€7,500 | -17.1% |
| Tangible fixed assets | 22/27 | €43,820 | €36,320 | -€7,500 | -17.1% |
| Plant, machinery and equipment | 23 | €3,342 | €2,600 | -€742 | -22.2% |
| Furniture and vehicles | 24 | €40,479 | €30,929 | -€9,549 | -23.6% |
| Other tangible fixed assets | 26 | - | €2,791 | +€2,791 | |
| Current assets | 29/58 | €86,437 | €118,271 | +€31,834 | +36.8% |
| Stocks and contracts in progress | 3 | €18,141 | €22,110 | +€3,969 | +21.9% |
| Stocks | 30/36 | €18,141 | €22,110 | +€3,969 | +21.9% |
| Amounts receivable within one year | 40/41 | €34,045 | €20,220 | -€13,825 | -40.6% |
| Trade receivables | 40 | €29,650 | €15,334 | -€14,316 | -48.3% |
| Other amounts receivable | 41 | €4,394 | €4,886 | +€491 | +11.2% |
| Cash at bank and in hand | 54/58 | €34,000 | €75,617 | +€41,617 | +122% |
| Deferred charges and accrued income | 490/1 | €252 | €325 | +€73 | +29.0% |
| Total equity and liabilities | 10/49 | €130,257 | €154,591 | +€24,334 | +18.7% |
| Equity | 10/15 | €45,330 | €114,307 | +€68,977 | +152% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €40,330 | €109,307 | +€68,977 | +171% |
| Distributable reserves | 133 | €40,330 | €109,307 | +€68,977 | +171% |
| Amounts payable | 17/49 | €84,927 | €40,284 | -€44,643 | -52.6% |
| Amounts payable within one year | 42/48 | €84,927 | €40,284 | -€44,643 | -52.6% |
| Trade debts | 44 | €2,420 | €2,676 | +€256 | +10.6% |
| Suppliers | 440/4 | €2,420 | €2,676 | +€256 | +10.6% |
| Taxes, remuneration and social security | 45 | €4,292 | €1,052 | -€3,240 | -75.5% |
| Taxes | 450/3 | €4,292 | €1,052 | -€3,240 | -75.5% |
| Other amounts payable | 47/48 | €78,215 | €36,556 | -€41,658 | -53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,635 | €10,390 | +€2,755 | +36.1% |
| Other operating charges | 640/8 | €1,055 | €1,379 | +€323 | +30.6% |
| Gross operating margin | 9900 | €62,488 | €97,625 | +€35,137 | +56.2% |
| Operating profit (loss) | 9901 | €53,798 | €85,857 | +€32,059 | +59.6% |
| Financial income | 75/76B | €1,027 | €1,678 | +€651 | +63.4% |
| Recurring financial income | 75 | €1,027 | €1,678 | +€651 | +63.4% |
| Financial charges | 65/66B | €202 | €134 | -€68 | -33.5% |
| Recurring financial charges | 65 | €202 | €134 | -€68 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €54,622 | €87,400 | +€32,778 | +60.0% |
| Income taxes | 67/77 | €14,292 | €18,423 | +€4,131 | +28.9% |
| Profit (loss) for the period | 9904 | €40,330 | €68,977 | +€28,647 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,330 | €68,977 | +€28,647 | +71.0% |
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 14 October 2026 via checked.be.