Stinvast: 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.
Stinvast
Largest movements
- Tangible fixed assets +€555,653
up €555,653 (+315.3%), from €176,219 to €731,873
of which Land and buildings: +€546,941
- Debts after one year +€472,717
new in 2025: €472,717
- Trade debts +€51,360
new in 2025: €51,360
- Other debts +€43,479
up €43,479 (+19.5%), from €223,265 to €266,745
- Profit (loss) carried forward -€31,899
down €31,899 (-75.8%), from -€42,086 to -€73,985
- Current portion of long-term debt +€18,194
new in 2025: €18,194
- Gross operating margin +€19,643
up €19,643 (+97.9%), from -€20,074 to -€431
- Other operating charges -€15,852
down €15,852 (-97.0%), from €16,351 to €498
- Depreciation +€14,579
up €14,579 (+740.5%), from €1,969 to €16,548
- Financial charges +€11,633
up €11,633 (+382.0%), from €3,045 to €14,678
- Taxes -€911
down €911, from €655 to -€256
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 | €184,546 | €739,074 | +€554,528 | +300.5% |
| Fixed assets | 21/28 | €176,219 | €731,873 | +€555,653 | +315.3% |
| Tangible fixed assets | 22/27 | €176,219 | €731,873 | +€555,653 | +315.3% |
| Land and buildings | 22 | €176,219 | €723,160 | +€546,941 | +310.4% |
| Other tangible fixed assets | 26 | - | €8,712 | +€8,712 | |
| Current assets | 29/58 | €8,326 | €7,202 | -€1,125 | -13.5% |
| Amounts receivable within one year | 40/41 | €3,821 | €4,634 | +€813 | +21.3% |
| Trade receivables | 40 | €2,810 | €4,634 | +€1,824 | +64.9% |
| Other amounts receivable | 41 | €1,011 | - | -€1,011 | |
| Cash at bank and in hand | 54/58 | €4,505 | €2,568 | -€1,938 | -43.0% |
| Total equity and liabilities | 10/49 | €184,546 | €739,074 | +€554,528 | +300.5% |
| Equity | 10/15 | -€39,586 | -€71,485 | -€31,899 | -80.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,086 | -€73,985 | -€31,899 | -75.8% |
| Amounts payable | 17/49 | €224,132 | €810,560 | +€586,428 | +261.6% |
| Amounts payable after more than one year | 17 | - | €472,717 | +€472,717 | |
| Financial debts | 170/4 | - | €472,717 | +€472,717 | |
| Amounts payable within one year | 42/48 | €224,132 | €336,623 | +€112,491 | +50.2% |
| Current portion of amounts payable after more than one year | 42 | - | €18,194 | +€18,194 | |
| Trade debts | 44 | - | €51,360 | +€51,360 | |
| Suppliers | 440/4 | - | €51,360 | +€51,360 | |
| Taxes, remuneration and social security | 45 | €866 | €324 | -€542 | -62.6% |
| Taxes | 450/3 | €866 | €324 | -€542 | -62.6% |
| Other amounts payable | 47/48 | €223,265 | €266,745 | +€43,479 | +19.5% |
| Accrued charges and deferred income | 492/3 | - | €1,220 | +€1,220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,969 | €16,548 | +€14,579 | +740.5% |
| Other operating charges | 640/8 | €16,351 | €498 | -€15,852 | -97.0% |
| Gross operating margin | 9900 | -€20,074 | -€431 | +€19,643 | +97.9% |
| Operating profit (loss) | 9901 | -€38,394 | -€17,477 | +€20,916 | +54.5% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €3,045 | €14,678 | +€11,633 | +382.0% |
| Recurring financial charges | 65 | €3,045 | €14,678 | +€11,633 | +382.0% |
| Profit (loss) for the period before taxes | 9903 | -€41,431 | -€32,155 | +€9,276 | +22.4% |
| Income taxes | 67/77 | €655 | -€256 | -€911 | |
| Profit (loss) for the period | 9904 | -€42,086 | -€31,899 | +€10,186 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,086 | -€31,899 | +€10,186 | +24.2% |
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 28 September 2026 via checked.be.