STINUS PROJECTS: 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.
STINUS PROJECTS
Largest movements
- Cash +€23,726
up €23,726 (+20.2%), from €117,485 to €141,211
mainly Net result for the year (+€35,824) and Tax, wage and social debts (+€9,129)
- Receivables within one year +€16,335
up €16,335 (+50.0%), from €32,670 to €49,005
- Profit (loss) carried forward +€35,824
up €35,824 (+26.0%), from €137,982 to €173,807
- Tax, wage and social debts +€9,129
up €9,129 (+12.5%), from €73,002 to €82,132
of which Taxes: +€9,391
- Trade debts -€5,330
down €5,330 (-46.0%), from €11,575 to €6,246
- Gross operating margin -€138,590
down €138,590 (-72.7%), from €190,704 to €52,114
- Taxes -€35,267
down €35,267 (-71.0%), from €49,672 to €14,405
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 | €228,892 | €268,554 | +€39,662 | +17.3% |
| Fixed assets | 21/28 | €77,400 | €76,931 | -€469 | -0.6% |
| Tangible fixed assets | 22/27 | €2,150 | €1,681 | -€469 | -21.8% |
| Plant, machinery and equipment | 23 | €2,150 | €1,681 | -€469 | -21.8% |
| Financial fixed assets | 28 | €75,250 | €75,250 | = | 0.0% |
| Current assets | 29/58 | €151,492 | €191,623 | +€40,131 | +26.5% |
| Amounts receivable within one year | 40/41 | €32,670 | €49,005 | +€16,335 | +50.0% |
| Trade receivables | 40 | €32,670 | €49,005 | +€16,335 | +50.0% |
| Cash at bank and in hand | 54/58 | €117,485 | €141,211 | +€23,726 | +20.2% |
| Deferred charges and accrued income | 490/1 | €1,337 | €1,407 | +€70 | +5.3% |
| Total equity and liabilities | 10/49 | €228,892 | €268,554 | +€39,662 | +17.3% |
| Equity | 10/15 | €144,282 | €180,107 | +€35,824 | +24.8% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,982 | €173,807 | +€35,824 | +26.0% |
| Amounts payable | 17/49 | €84,610 | €88,447 | +€3,837 | +4.5% |
| Amounts payable within one year | 42/48 | €84,610 | €88,447 | +€3,837 | +4.5% |
| Trade debts | 44 | €11,575 | €6,246 | -€5,330 | -46.0% |
| Suppliers | 440/4 | €11,575 | €6,246 | -€5,330 | -46.0% |
| Taxes, remuneration and social security | 45 | €73,002 | €82,132 | +€9,129 | +12.5% |
| Taxes | 450/3 | €62,779 | €72,170 | +€9,391 | +15.0% |
| Remuneration and social security | 454/9 | €10,223 | €9,962 | -€262 | -2.6% |
| Other amounts payable | 47/48 | €32 | €70 | +€38 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195 | €469 | +€274 | +140% |
| Other operating charges | 640/8 | €1,963 | €1,191 | -€772 | -39.3% |
| Gross operating margin | 9900 | €190,704 | €52,114 | -€138,590 | -72.7% |
| Operating profit (loss) | 9901 | €188,546 | €50,454 | -€138,091 | -73.2% |
| Financial income | 75/76B | €21 | €36 | +€14 | +67.6% |
| Recurring financial income | 75 | €21 | €36 | +€14 | +67.6% |
| Financial charges | 65/66B | €913 | €261 | -€652 | -71.5% |
| Recurring financial charges | 65 | €913 | €261 | -€652 | -71.5% |
| Profit (loss) for the period before taxes | 9903 | €187,654 | €50,230 | -€137,425 | -73.2% |
| Income taxes | 67/77 | €49,672 | €14,405 | -€35,267 | -71.0% |
| Profit (loss) for the period | 9904 | €137,982 | €35,824 | -€102,158 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €137,982 | €35,824 | -€102,158 | -74.0% |
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 13 October 2026 via checked.be.