StijnPower: 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.
StijnPower
Largest movements
- Current investments -€240,000
no longer reported in 2025 (was €240,000)
- Cash +€187,008
up €187,008 (+3,141%), from €5,955 to €192,963
mainly Current investments (+€240,000) and Contributions, distributions and other (+€23,450)
- Tangible fixed assets +€49,562
up €49,562 (+78.0%), from €63,517 to €113,079
of which Plant, machinery and equipment: +€28,460
- Receivables within one year +€49,037
up €49,037 (+1,874%), from €2,616 to €51,653
of which Trade receivables: +€25,607
- Investment grants +€23,450
new in 2025: €23,450
- Trade debts +€17,135
up €17,135 (+429%), from €3,994 to €21,129
- Gross operating margin +€10,863
up €10,863, from -€5,798 to €5,066
- Financial income -€6,033
down €6,033 (-65.0%), from €9,287 to €3,254
- Depreciation +€4,167
up €4,167 (+284%), from €1,466 to €5,633
- Other operating charges -€496
down €496 (-46.9%), from €1,059 to €563
- Taxes +€260
up €260 (+171%), from €152 to €413
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 | €314,872 | €357,713 | +€42,841 | +13.6% |
| Fixed assets | 21/28 | €63,517 | €113,079 | +€49,562 | +78.0% |
| Tangible fixed assets | 22/27 | €63,517 | €113,079 | +€49,562 | +78.0% |
| Plant, machinery and equipment | 23 | €63,517 | €91,977 | +€28,460 | +44.8% |
| Assets under construction and advance payments | 27 | - | €21,102 | +€21,102 | |
| Current assets | 29/58 | €251,355 | €244,634 | -€6,721 | -2.7% |
| Amounts receivable within one year | 40/41 | €2,616 | €51,653 | +€49,037 | +1,874% |
| Trade receivables | 40 | - | €25,607 | +€25,607 | |
| Other amounts receivable | 41 | €2,616 | €26,046 | +€23,430 | +896% |
| Current investments | 50/53 | €240,000 | - | -€240,000 | |
| Cash at bank and in hand | 54/58 | €5,955 | €192,963 | +€187,008 | +3,141% |
| Deferred charges and accrued income | 490/1 | €2,784 | €18 | -€2,767 | -99.4% |
| Total equity and liabilities | 10/49 | €314,872 | €357,713 | +€42,841 | +13.6% |
| Equity | 10/15 | €310,757 | €335,445 | +€24,689 | +7.9% |
| Contributions | 10/11 | €310,500 | €310,500 | = | 0.0% |
| Reserves | 13 | €257 | €1,495 | +€1,239 | +483% |
| Distributable reserves | 133 | €257 | €1,495 | +€1,239 | +483% |
| Investment grants | 15 | - | €23,450 | +€23,450 | |
| Amounts payable | 17/49 | €4,116 | €22,268 | +€18,152 | +441% |
| Amounts payable within one year | 42/48 | €4,069 | €22,268 | +€18,199 | +447% |
| Trade debts | 44 | €3,994 | €21,129 | +€17,135 | +429% |
| Suppliers | 440/4 | €3,994 | €21,129 | +€17,135 | +429% |
| Taxes, remuneration and social security | 45 | - | €1,139 | +€1,139 | |
| Taxes | 450/3 | - | €1,139 | +€1,139 | |
| Other amounts payable | 47/48 | €75 | - | -€75 | |
| Accrued charges and deferred income | 492/3 | €46 | - | -€46 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,466 | €5,633 | +€4,167 | +284% |
| Other operating charges | 640/8 | €1,059 | €563 | -€496 | -46.9% |
| Gross operating margin | 9900 | -€5,798 | €5,066 | +€10,863 | |
| Operating profit (loss) | 9901 | -€8,322 | -€1,130 | +€7,193 | +86.4% |
| Financial income | 75/76B | €9,287 | €3,254 | -€6,033 | -65.0% |
| Recurring financial income | 75 | €9,287 | €3,254 | -€6,033 | -65.0% |
| Financial charges | 65/66B | €556 | €474 | -€82 | -14.8% |
| Recurring financial charges | 65 | €556 | €474 | -€82 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €409 | €1,651 | +€1,242 | +304% |
| Income taxes | 67/77 | €152 | €413 | +€260 | +171% |
| Profit (loss) for the period | 9904 | €257 | €1,239 | +€982 | +383% |
| Profit (loss) for the period to be appropriated | 9905 | €257 | €1,239 | +€982 | +383% |
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 22 October 2026 via checked.be.