STIR IT UP: 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.
STIR IT UP
Largest movements
- Tangible fixed assets -€38,411
down €38,411 (-9.8%), from €389,997 to €351,587
of which Land and buildings: -€26,677
- Receivables within one year -€12,064
down €12,064 (-20.2%), from €59,593 to €47,528
of which Trade receivables: -€14,007
- Cash +€9,339
up €9,339 (+340.9%), from €2,739 to €12,079
mainly Depreciation (+€53,040) and Receivables within one year (+€12,064)
- Debts after one year -€29,483
down €29,483 (-6.8%), from €435,956 to €406,472
- Profit (loss) carried forward -€24,230
down €24,230 (-92.0%), from -€26,342 to -€50,572
- Tax, wage and social debts +€8,201
up €8,201 (+910.6%), from €901 to €9,101
- Current portion of long-term debt +€5,762
up €5,762 (+16.6%), from €34,635 to €40,397
- Gross operating margin -€21,878
down €21,878 (-31.2%), from €70,081 to €48,203
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 | €471,266 | €429,392 | -€41,874 | -8.9% |
| Fixed assets | 21/28 | €390,947 | €351,637 | -€39,311 | -10.1% |
| Tangible fixed assets | 22/27 | €389,997 | €351,587 | -€38,411 | -9.8% |
| Land and buildings | 22 | €293,446 | €266,769 | -€26,677 | -9.1% |
| Furniture and vehicles | 24 | €25,493 | €17,230 | -€8,263 | -32.4% |
| Other tangible fixed assets | 26 | €71,058 | €67,587 | -€3,471 | -4.9% |
| Financial fixed assets | 28 | €950 | €50 | -€900 | -94.7% |
| Current assets | 29/58 | €80,319 | €77,755 | -€2,564 | -3.2% |
| Amounts receivable after more than one year | 29 | €16,141 | €15,641 | -€500 | -3.1% |
| Other amounts receivable | 291 | €16,141 | €15,641 | -€500 | -3.1% |
| Amounts receivable within one year | 40/41 | €59,593 | €47,528 | -€12,064 | -20.2% |
| Trade receivables | 40 | €51,061 | €37,054 | -€14,007 | -27.4% |
| Other amounts receivable | 41 | €8,532 | €10,474 | +€1,942 | +22.8% |
| Cash at bank and in hand | 54/58 | €2,739 | €12,079 | +€9,339 | +340.9% |
| Deferred charges and accrued income | 490/1 | €1,846 | €2,507 | +€661 | +35.8% |
| Total equity and liabilities | 10/49 | €471,266 | €429,392 | -€41,874 | -8.9% |
| Equity | 10/15 | -€5,882 | -€30,112 | -€24,230 | -411.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,342 | -€50,572 | -€24,230 | -92.0% |
| Amounts payable | 17/49 | €477,148 | €459,504 | -€17,645 | -3.7% |
| Amounts payable after more than one year | 17 | €435,956 | €406,472 | -€29,483 | -6.8% |
| Financial debts | 170/4 | €435,956 | €406,472 | -€29,483 | -6.8% |
| Amounts payable within one year | 42/48 | €41,193 | €53,031 | +€11,839 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €34,635 | €40,397 | +€5,762 | +16.6% |
| Trade debts | 44 | €5,657 | €3,532 | -€2,125 | -37.6% |
| Suppliers | 440/4 | €5,657 | €3,532 | -€2,125 | -37.6% |
| Taxes, remuneration and social security | 45 | €901 | €9,101 | +€8,201 | +910.6% |
| Taxes | 450/3 | €901 | €9,101 | +€8,201 | +910.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,260 | €53,040 | -€220 | -0.4% |
| Other operating charges | 640/8 | €4,782 | €5,256 | +€473 | +9.9% |
| Gross operating margin | 9900 | €70,081 | €48,203 | -€21,878 | -31.2% |
| Operating profit (loss) | 9901 | €12,039 | -€10,092 | -€22,131 | |
| Financial income | 75/76B | €2 | €4 | +€2 | +81.1% |
| Recurring financial income | 75 | €2 | €4 | +€2 | +81.1% |
| Financial charges | 65/66B | €14,308 | €13,671 | -€637 | -4.5% |
| Recurring financial charges | 65 | €14,308 | €13,671 | -€637 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,267 | -€23,759 | -€21,492 | -948.1% |
| Income taxes | 67/77 | €901 | €470 | -€430 | -47.8% |
| Profit (loss) for the period | 9904 | -€3,168 | -€24,230 | -€21,062 | -664.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,168 | -€24,230 | -€21,062 | -664.9% |
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 4 October 2026 via checked.be.