STIJNEN PROJECTS: 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.
STIJNEN PROJECTS
Largest movements
- Tangible fixed assets -€36,856
down €36,856 (-26.3%), from €140,099 to €103,243
of which Land and buildings: -€34,663
- Cash +€4,129
up €4,129 (+497.4%), from €830 to €4,959
mainly Other debts (+€96,046) and Depreciation (+€36,856)
- Receivables within one year +€2,790
up €2,790 (+27.9%), from €9,984 to €12,773
of which Trade receivables: +€3,292
- Profit (loss) carried forward -€102,293
down €102,293 (-11.9%), from -€858,976 to -€961,269
- Other debts +€96,046
up €96,046 (+14.5%), from €664,664 to €760,710
- Current portion of long-term debt -€16,077
down €16,077 (-57.1%), from €28,144 to €12,068
- Debts after one year -€12,068
down €12,068 (-100.0%), from €12,068 to €0
- Accrued charges and deferred income +€5,696
up €5,696 (+8.9%), from €63,728 to €69,424
- Staff costs -€7,833
down €7,833 (-53.5%), from €14,649 to €6,816
- Gross operating margin +€4,039
up €4,039 (+8.6%), from -€46,727 to -€42,688
- Financial charges -€2,860
down €2,860 (-20.5%), from €13,970 to €11,110
- Other operating charges +€2,841
up €2,841 (+143.2%), from €1,984 to €4,826
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 | €156,779 | €127,346 | -€29,433 | -18.8% |
| Fixed assets | 21/28 | €141,590 | €104,733 | -€36,856 | -26.0% |
| Tangible fixed assets | 22/27 | €140,099 | €103,243 | -€36,856 | -26.3% |
| Land and buildings | 22 | €134,993 | €100,330 | -€34,663 | -25.7% |
| Plant, machinery and equipment | 23 | €2,326 | €751 | -€1,576 | -67.7% |
| Furniture and vehicles | 24 | €2,780 | €2,162 | -€618 | -22.2% |
| Financial fixed assets | 28 | €1,491 | €1,491 | = | 0.0% |
| Current assets | 29/58 | €15,189 | €22,613 | +€7,423 | +48.9% |
| Stocks and contracts in progress | 3 | €3,185 | €3,453 | +€268 | +8.4% |
| Stocks | 30/36 | €3,185 | €3,453 | +€268 | +8.4% |
| Amounts receivable within one year | 40/41 | €9,984 | €12,773 | +€2,790 | +27.9% |
| Trade receivables | 40 | €4,766 | €8,058 | +€3,292 | +69.1% |
| Other amounts receivable | 41 | €5,217 | €4,715 | -€502 | -9.6% |
| Cash at bank and in hand | 54/58 | €830 | €4,959 | +€4,129 | +497.4% |
| Deferred charges and accrued income | 490/1 | €1,190 | €1,428 | +€237 | +19.9% |
| Total equity and liabilities | 10/49 | €156,779 | €127,346 | -€29,433 | -18.8% |
| Equity | 10/15 | -€658,976 | -€761,269 | -€102,293 | -15.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€858,976 | -€961,269 | -€102,293 | -11.9% |
| Amounts payable | 17/49 | €815,755 | €888,615 | +€72,860 | +8.9% |
| Amounts payable after more than one year | 17 | €12,068 | €0 | -€12,068 | -100.0% |
| Financial debts | 170/4 | €12,068 | €0 | -€12,068 | -100.0% |
| Amounts payable within one year | 42/48 | €739,960 | €819,192 | +€79,232 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €28,144 | €12,068 | -€16,077 | -57.1% |
| Financial debts | 43 | - | €1,022 | +€1,022 | |
| Credit institutions | 430/8 | - | €1,022 | +€1,022 | |
| Trade debts | 44 | €42,454 | €42,700 | +€246 | +0.6% |
| Suppliers | 440/4 | €42,454 | €42,700 | +€246 | +0.6% |
| Advances received on contracts in progress | 46 | €2,324 | €0 | -€2,324 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,373 | €2,692 | +€319 | +13.4% |
| Taxes | 450/3 | €0 | €789 | +€789 | |
| Remuneration and social security | 454/9 | €2,373 | €1,903 | -€470 | -19.8% |
| Other amounts payable | 47/48 | €664,664 | €760,710 | +€96,046 | +14.5% |
| Accrued charges and deferred income | 492/3 | €63,728 | €69,424 | +€5,696 | +8.9% |
| Remuneration, social security and pensions | 62 | €14,649 | €6,816 | -€7,833 | -53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,865 | €36,856 | -€9 | 0.0% |
| Other operating charges | 640/8 | €1,984 | €4,826 | +€2,841 | +143.2% |
| Gross operating margin | 9900 | -€46,727 | -€42,688 | +€4,039 | +8.6% |
| Operating profit (loss) | 9901 | -€100,225 | -€91,185 | +€9,039 | +9.0% |
| Financial income | 75/76B | €258 | €2 | -€256 | -99.0% |
| Recurring financial income | 75 | €258 | €2 | -€256 | -99.0% |
| Financial charges | 65/66B | €13,970 | €11,110 | -€2,860 | -20.5% |
| Recurring financial charges | 65 | €13,970 | €11,110 | -€2,860 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | -€113,937 | -€102,293 | +€11,644 | +10.2% |
| Profit (loss) for the period | 9904 | -€113,937 | -€102,293 | +€11,644 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€113,937 | -€102,293 | +€11,644 | +10.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.