STIJNS: 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.
STIJNS
Largest movements
- Receivables within one year -€98,634
down €98,634 (-71.2%), from €138,464 to €39,830
of which Other amounts receivable: -€122,318
- Cash -€38,432
down €38,432 (-54.4%), from €70,687 to €32,255
mainly Contributions, distributions and other (-€297,453) and Current investments (-€10,800)
- Current investments +€10,800
up €10,800 (+1200.0%), from €900 to €11,700
- Deferred charges and accrued income -€4,721
down €4,721 (-38.8%), from €12,161 to €7,440
- Reserves -€194,359
no longer reported in 2025 (was €194,359)
- Other debts +€60,396
new in 2025: €60,396
- Tax, wage and social debts +€3,953
up €3,953 (+16.0%), from €24,723 to €28,676
- Gross operating margin +€58,193
up €58,193 (+78.6%), from €74,080 to €132,274
- Taxes +€13,843
up €13,843 (+86.5%), from €15,996 to €29,840
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 | €223,716 | €92,304 | -€131,412 | -58.7% |
| Fixed assets | 21/28 | €1,504 | €1,079 | -€425 | -28.2% |
| Tangible fixed assets | 22/27 | €1,254 | €829 | -€425 | -33.9% |
| Furniture and vehicles | 24 | €1,254 | €829 | -€425 | -33.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €222,212 | €91,225 | -€130,987 | -58.9% |
| Amounts receivable within one year | 40/41 | €138,464 | €39,830 | -€98,634 | -71.2% |
| Trade receivables | 40 | €16,146 | €39,830 | +€23,684 | +146.7% |
| Other amounts receivable | 41 | €122,318 | - | -€122,318 | |
| Current investments | 50/53 | €900 | €11,700 | +€10,800 | +1200.0% |
| Cash at bank and in hand | 54/58 | €70,687 | €32,255 | -€38,432 | -54.4% |
| Deferred charges and accrued income | 490/1 | €12,161 | €7,440 | -€4,721 | -38.8% |
| Total equity and liabilities | 10/49 | €223,716 | €92,304 | -€131,412 | -58.7% |
| Equity | 10/15 | €196,859 | €2,500 | -€194,359 | -98.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €194,359 | - | -€194,359 | |
| Distributable reserves | 133 | €194,359 | - | -€194,359 | |
| Amounts payable | 17/49 | €26,857 | €89,804 | +€62,947 | +234.4% |
| Amounts payable within one year | 42/48 | €26,857 | €89,242 | +€62,385 | +232.3% |
| Trade debts | 44 | €2,134 | €170 | -€1,964 | -92.0% |
| Suppliers | 440/4 | €2,134 | €170 | -€1,964 | -92.0% |
| Taxes, remuneration and social security | 45 | €24,723 | €28,676 | +€3,953 | +16.0% |
| Taxes | 450/3 | €24,723 | €28,676 | +€3,953 | +16.0% |
| Other amounts payable | 47/48 | - | €60,396 | +€60,396 | |
| Accrued charges and deferred income | 492/3 | - | €562 | +€562 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €837 | €799 | -€39 | -4.6% |
| Other operating charges | 640/8 | €1,079 | €1,566 | +€487 | +45.1% |
| Gross operating margin | 9900 | €74,080 | €132,274 | +€58,193 | +78.6% |
| Operating profit (loss) | 9901 | €72,165 | €129,909 | +€57,745 | +80.0% |
| Financial income | 75/76B | €5,205 | €4,059 | -€1,146 | -22.0% |
| Recurring financial income | 75 | €5,205 | €4,059 | -€1,146 | -22.0% |
| Financial charges | 65/66B | €443 | €1,034 | +€591 | +133.6% |
| Recurring financial charges | 65 | €443 | €1,034 | +€591 | +133.6% |
| Profit (loss) for the period before taxes | 9903 | €76,927 | €132,934 | +€56,007 | +72.8% |
| Income taxes | 67/77 | €15,996 | €29,840 | +€13,843 | +86.5% |
| Profit (loss) for the period | 9904 | €60,931 | €103,095 | +€42,164 | +69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,931 | €103,095 | +€42,164 | +69.2% |
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 8 October 2026 via checked.be.