STIJNWERKT: 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.
STIJNWERKT
Largest movements
- Tangible fixed assets -€41,793
down €41,793 (-7.7%), from €540,118 to €498,324
of which Land and buildings: -€22,331
- Cash +€23,172
up €23,172 (+58.8%), from €39,388 to €62,559
mainly Depreciation (+€44,769) and Contributions, distributions and other (+€12,400)
- Debts after one year -€14,956
down €14,956 (-4.0%), from €373,913 to €358,957
- Other debts -€12,720
down €12,720 (-14.2%), from €89,703 to €76,983
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Profit (loss) carried forward -€7,222
down €7,222 (-7.0%), from €103,578 to €96,357
- Gross operating margin +€14,553
up €14,553 (+32.2%), from €45,154 to €59,707
- Depreciation +€7,795
up €7,795 (+21.1%), from €36,973 to €44,769
- Taxes +€2,916
up €2,916, from -€193 to €2,723
- Financial charges +€2,538
up €2,538 (+17.5%), from €14,482 to €17,020
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 | €601,709 | €581,792 | -€19,917 | -3.3% |
| Fixed assets | 21/28 | €540,293 | €498,499 | -€41,793 | -7.7% |
| Tangible fixed assets | 22/27 | €540,118 | €498,324 | -€41,793 | -7.7% |
| Land and buildings | 22 | €478,002 | €455,671 | -€22,331 | -4.7% |
| Plant, machinery and equipment | 23 | €17,062 | €11,003 | -€6,059 | -35.5% |
| Furniture and vehicles | 24 | €45,054 | €31,650 | -€13,403 | -29.7% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €61,416 | €83,293 | +€21,877 | +35.6% |
| Amounts receivable within one year | 40/41 | €22,029 | €20,734 | -€1,295 | -5.9% |
| Trade receivables | 40 | €1,232 | €5,722 | +€4,490 | +364% |
| Other amounts receivable | 41 | €20,796 | €15,011 | -€5,785 | -27.8% |
| Cash at bank and in hand | 54/58 | €39,388 | €62,559 | +€23,172 | +58.8% |
| Total equity and liabilities | 10/49 | €601,709 | €581,792 | -€19,917 | -3.3% |
| Equity | 10/15 | €111,638 | €116,817 | +€5,178 | +4.6% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,578 | €96,357 | -€7,222 | -7.0% |
| Amounts payable | 17/49 | €490,071 | €464,976 | -€25,095 | -5.1% |
| Amounts payable after more than one year | 17 | €373,913 | €358,957 | -€14,956 | -4.0% |
| Financial debts | 170/4 | €373,913 | €358,957 | -€14,956 | -4.0% |
| Amounts payable within one year | 42/48 | €116,158 | €106,019 | -€10,139 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €17,269 | €21,333 | +€4,064 | +23.5% |
| Trade debts | 44 | €1,685 | - | -€1,685 | |
| Suppliers | 440/4 | €1,685 | - | -€1,685 | |
| Taxes, remuneration and social security | 45 | €7,500 | €7,703 | +€203 | +2.7% |
| Taxes | 450/3 | - | €203 | +€203 | |
| Remuneration and social security | 454/9 | €7,500 | €7,500 | = | 0.0% |
| Other amounts payable | 47/48 | €89,703 | €76,983 | -€12,720 | -14.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,973 | €44,769 | +€7,795 | +21.1% |
| Other operating charges | 640/8 | €1,982 | €2,420 | +€438 | +22.1% |
| Gross operating margin | 9900 | €45,154 | €59,707 | +€14,553 | +32.2% |
| Operating profit (loss) | 9901 | €6,199 | €12,519 | +€6,320 | +102% |
| Financial income | 75/76B | €0 | €3 | +€2 | +2,058% |
| Recurring financial income | 75 | €0 | €3 | +€2 | +2,058% |
| Financial charges | 65/66B | €14,482 | €17,020 | +€2,538 | +17.5% |
| Recurring financial charges | 65 | €14,482 | €17,020 | +€2,538 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,283 | -€4,499 | +€3,784 | +45.7% |
| Income taxes | 67/77 | -€193 | €2,723 | +€2,916 | |
| Profit (loss) for the period | 9904 | -€8,090 | -€7,222 | +€868 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,090 | -€7,222 | +€868 | +10.7% |
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 28 October 2026 via checked.be.