Stoyan Bouw: what changed
Stoyan Bouw
Largest movements
- Receivables within one year +€5,135
up €5,135 (+266%), from €1,927 to €7,062
of which Trade receivables: +€5,472
- Tangible fixed assets -€3,451
down €3,451 (-25.2%), from €13,700 to €10,249
- Cash -€2,664
down €2,664 (-7.0%), from €38,138 to €35,474
mainly Receivables within one year (-€5,135) and Investment in fixed assets (net) (-€2,000)
- Financial fixed assets +€2,000
new in 2025: €2,000
- Profit (loss) carried forward +€1,759
up €1,759 (+4.4%), from €40,295 to €42,054
- Other debts -€1,616
down €1,616 (-32.3%), from €5,006 to €3,390
- Trade debts +€850
new in 2025: €850
- Gross operating margin -€7,949
down €7,949 (-51.4%), from €15,459 to €7,510
- Taxes -€1,388
down €1,388 (-48.1%), from €2,888 to €1,500
- Other operating charges -€527
down €527 (-48.8%), from €1,079 to €552
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,764 | €54,785 | +€1,021 | +1.9% |
| Fixed assets | 21/28 | €13,700 | €12,249 | -€1,451 | -10.6% |
| Tangible fixed assets | 22/27 | €13,700 | €10,249 | -€3,451 | -25.2% |
| Furniture and vehicles | 24 | €13,700 | €10,249 | -€3,451 | -25.2% |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €40,065 | €42,536 | +€2,471 | +6.2% |
| Amounts receivable within one year | 40/41 | €1,927 | €7,062 | +€5,135 | +266% |
| Trade receivables | 40 | €288 | €5,760 | +€5,472 | +1,897% |
| Other amounts receivable | 41 | €1,638 | €1,302 | -€337 | -20.5% |
| Cash at bank and in hand | 54/58 | €38,138 | €35,474 | -€2,664 | -7.0% |
| Total equity and liabilities | 10/49 | €53,764 | €54,785 | +€1,021 | +1.9% |
| Equity | 10/15 | €43,295 | €45,054 | +€1,759 | +4.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,295 | €42,054 | +€1,759 | +4.4% |
| Amounts payable | 17/49 | €10,470 | €9,731 | -€738 | -7.1% |
| Amounts payable within one year | 42/48 | €10,470 | €9,731 | -€738 | -7.1% |
| Trade debts | 44 | - | €850 | +€850 | |
| Suppliers | 440/4 | - | €850 | +€850 | |
| Taxes, remuneration and social security | 45 | €5,463 | €5,491 | +€27 | +0.5% |
| Taxes | 450/3 | €2,800 | €2,800 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,663 | €2,691 | +€27 | +1.0% |
| Other amounts payable | 47/48 | €5,006 | €3,390 | -€1,616 | -32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,555 | €3,451 | -€104 | -2.9% |
| Other operating charges | 640/8 | €1,079 | €552 | -€527 | -48.8% |
| Gross operating margin | 9900 | €15,459 | €7,510 | -€7,949 | -51.4% |
| Operating profit (loss) | 9901 | €10,826 | €3,507 | -€7,319 | -67.6% |
| Financial income | 75/76B | €36 | €1 | -€36 | -98.5% |
| Recurring financial income | 75 | €36 | €1 | -€36 | -98.5% |
| Financial charges | 65/66B | €111 | €249 | +€137 | +124% |
| Recurring financial charges | 65 | €111 | €249 | +€137 | +124% |
| Profit (loss) for the period before taxes | 9903 | €10,751 | €3,259 | -€7,492 | -69.7% |
| Income taxes | 67/77 | €2,888 | €1,500 | -€1,388 | -48.1% |
| Profit (loss) for the period | 9904 | €7,863 | €1,759 | -€6,104 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,863 | €1,759 | -€6,104 | -77.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.