Stijndup: what changed
Two fiscal 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.
Stijndup
Largest movements
- Cash -€88,854
down €88,854 (-75.6%), from €117,485 to €28,631
mainly Contributions, distributions and other (-€205,825) and Investment in fixed assets (net) (-€61,670)
- Tangible fixed assets +€57,048
up €57,048 (+478.6%), from €11,920 to €68,968
of which Furniture and vehicles: +€57,988
- Receivables within one year +€6,083
up €6,083 (+37.2%), from €16,364 to €22,447
of which Trade receivables: +€4,436
- Deferred charges and accrued income -€3,635
down €3,635 (-82.9%), from €4,387 to €751
- Profit (loss) carried forward -€131,464
no longer reported in 2025 (was €131,464)
- Other debts +€67,703
up €67,703 (+2784.4%), from €2,432 to €70,135
- Debts after one year +€30,528
new in 2025: €30,528
- Current portion of long-term debt +€9,472
new in 2025: €9,472
- Trade debts -€3,628
down €3,628 (-77.3%), from €4,691 to €1,063
- Depreciation +€1,870
up €1,870 (+68.0%), from €2,752 to €4,622
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.
Cash bridge derived
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 | €150,156 | €120,797 | -€29,358 | -19.6% |
| Fixed assets | 21/28 | €11,920 | €68,968 | +€57,048 | +478.6% |
| Tangible fixed assets | 22/27 | €11,920 | €68,968 | +€57,048 | +478.6% |
| Furniture and vehicles | 24 | €8,268 | €66,256 | +€57,988 | +701.4% |
| Other tangible fixed assets | 26 | €3,652 | €2,712 | -€940 | -25.7% |
| Current assets | 29/58 | €138,236 | €51,830 | -€86,406 | -62.5% |
| Amounts receivable within one year | 40/41 | €16,364 | €22,447 | +€6,083 | +37.2% |
| Trade receivables | 40 | €15,748 | €20,185 | +€4,436 | +28.2% |
| Other amounts receivable | 41 | €616 | €2,263 | +€1,647 | +267.4% |
| Cash at bank and in hand | 54/58 | €117,485 | €28,631 | -€88,854 | -75.6% |
| Deferred charges and accrued income | 490/1 | €4,387 | €751 | -€3,635 | -82.9% |
| Total equity and liabilities | 10/49 | €150,156 | €120,797 | -€29,358 | -19.6% |
| Equity | 10/15 | €134,464 | €3,000 | -€131,464 | -97.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,464 | - | -€131,464 | |
| Amounts payable | 17/49 | €15,692 | €117,797 | +€102,106 | +650.7% |
| Amounts payable after more than one year | 17 | - | €30,528 | +€30,528 | |
| Financial debts | 170/4 | - | €30,528 | +€30,528 | |
| Amounts payable within one year | 42/48 | €15,692 | €87,269 | +€71,577 | +456.1% |
| Current portion of amounts payable after more than one year | 42 | - | €9,472 | +€9,472 | |
| Financial debts | 43 | €65 | €212 | +€147 | +226.1% |
| Credit institutions | 430/8 | €65 | €212 | +€147 | +226.1% |
| Trade debts | 44 | €4,691 | €1,063 | -€3,628 | -77.3% |
| Suppliers | 440/4 | €4,691 | €1,063 | -€3,628 | -77.3% |
| Taxes, remuneration and social security | 45 | €8,504 | €6,388 | -€2,116 | -24.9% |
| Taxes | 450/3 | €8,504 | €6,388 | -€2,116 | -24.9% |
| Other amounts payable | 47/48 | €2,432 | €70,135 | +€67,703 | +2784.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,752 | €4,622 | +€1,870 | +68.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €98,620 | €99,183 | +€562 | +0.6% |
| Operating profit (loss) | 9901 | €95,481 | €94,161 | -€1,320 | -1.4% |
| Financial charges | 65/66B | €555 | €62 | -€493 | -88.8% |
| Recurring financial charges | 65 | €555 | €62 | -€493 | -88.8% |
| Profit (loss) for the period before taxes | 9903 | €94,927 | €94,099 | -€828 | -0.9% |
| Income taxes | 67/77 | €19,684 | €19,737 | +€53 | +0.3% |
| Profit (loss) for the period | 9904 | €75,242 | €74,362 | -€881 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,242 | €74,362 | -€881 | -1.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.