STRETCH & MORE: 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.
STRETCH & MORE
Largest movements
- Receivables within one year -€35,427
down €35,427 (-24.0%), from €147,383 to €111,956
of which Trade receivables: -€49,481
- Stocks and contracts -€11,347
down €11,347 (-47.0%), from €24,154 to €12,808
- Cash +€6,804
up €6,804 (+15.4%), from €44,154 to €50,957
mainly Receivables within one year (+€35,427) and Depreciation (+€29,407)
- Tangible fixed assets +€5,860
up €5,860 (+7.9%), from €74,107 to €79,966
of which Furniture and vehicles: +€23,416
- Debts after one year -€33,305
down €33,305 (-53.9%), from €61,824 to €28,519
- Trade debts -€5,681
down €5,681 (-6.1%), from €93,353 to €87,671
- Gross operating margin -€16,348
down €16,348 (-15.2%), from €107,750 to €91,402
- Staff costs -€4,179
down €4,179 (-8.1%), from €51,865 to €47,686
- Taxes -€2,486
down €2,486 (-40.5%), from €6,136 to €3,650
- Depreciation +€1,450
up €1,450 (+5.2%), from €27,956 to €29,407
- Financial income +€1,270
up €1,270 (+88.7%), from €1,433 to €2,703
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 | €317,898 | €280,676 | -€37,222 | -11.7% |
| Fixed assets | 21/28 | €77,432 | €83,291 | +€5,860 | +7.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €74,107 | €79,966 | +€5,860 | +7.9% |
| Plant, machinery and equipment | 23 | €56,306 | €37,391 | -€18,915 | -33.6% |
| Furniture and vehicles | 24 | €8,518 | €31,934 | +€23,416 | +274.9% |
| Leasing and similar rights | 25 | €9,283 | €6,476 | -€2,807 | -30.2% |
| Other tangible fixed assets | 26 | - | €4,166 | +€4,166 | |
| Financial fixed assets | 28 | €3,325 | €3,325 | = | 0.0% |
| Current assets | 29/58 | €240,467 | €197,385 | -€43,081 | -17.9% |
| Amounts receivable after more than one year | 29 | €11,000 | €11,000 | = | 0.0% |
| Other amounts receivable | 291 | €11,000 | €11,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €24,154 | €12,808 | -€11,347 | -47.0% |
| Stocks | 30/36 | €24,154 | €12,808 | -€11,347 | -47.0% |
| Amounts receivable within one year | 40/41 | €147,383 | €111,956 | -€35,427 | -24.0% |
| Trade receivables | 40 | €132,722 | €83,241 | -€49,481 | -37.3% |
| Other amounts receivable | 41 | €14,661 | €28,715 | +€14,054 | +95.9% |
| Cash at bank and in hand | 54/58 | €44,154 | €50,957 | +€6,804 | +15.4% |
| Deferred charges and accrued income | 490/1 | €13,776 | €10,664 | -€3,111 | -22.6% |
| Total equity and liabilities | 10/49 | €317,898 | €280,676 | -€37,222 | -11.7% |
| Equity | 10/15 | €32,633 | €33,770 | +€1,137 | +3.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,633 | €28,770 | +€1,137 | +4.1% |
| Distributable reserves | 133 | €27,633 | €28,770 | +€1,137 | +4.1% |
| Amounts payable | 17/49 | €285,265 | €246,907 | -€38,358 | -13.4% |
| Amounts payable after more than one year | 17 | €61,824 | €28,519 | -€33,305 | -53.9% |
| Financial debts | 170/4 | €61,824 | €28,519 | -€33,305 | -53.9% |
| Amounts payable within one year | 42/48 | €223,441 | €218,388 | -€5,054 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €39,503 | €36,667 | -€2,836 | -7.2% |
| Financial debts | 43 | €52,017 | €52,175 | +€157 | +0.3% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Other loans | 439 | €2,017 | €2,175 | +€157 | +7.8% |
| Trade debts | 44 | €93,353 | €87,671 | -€5,681 | -6.1% |
| Suppliers | 440/4 | €93,353 | €87,671 | -€5,681 | -6.1% |
| Taxes, remuneration and social security | 45 | €20,557 | €23,247 | +€2,690 | +13.1% |
| Taxes | 450/3 | €6,982 | €9,786 | +€2,804 | +40.2% |
| Remuneration and social security | 454/9 | €13,575 | €13,461 | -€114 | -0.8% |
| Other amounts payable | 47/48 | €18,011 | €18,628 | +€617 | +3.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,034 | €0 | -€1,034 | -100.0% |
| Remuneration, social security and pensions | 62 | €51,865 | €47,686 | -€4,179 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,956 | €29,407 | +€1,450 | +5.2% |
| Other operating charges | 640/8 | €2,718 | €3,577 | +€859 | +31.6% |
| Gross operating margin | 9900 | €107,750 | €91,402 | -€16,348 | -15.2% |
| Operating profit (loss) | 9901 | €25,210 | €10,731 | -€14,479 | -57.4% |
| Financial income | 75/76B | €1,433 | €2,703 | +€1,270 | +88.7% |
| Recurring financial income | 75 | €1,433 | €2,703 | +€1,270 | +88.7% |
| Financial charges | 65/66B | €8,436 | €8,648 | +€212 | +2.5% |
| Recurring financial charges | 65 | €8,436 | €8,648 | +€212 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €18,207 | €4,787 | -€13,420 | -73.7% |
| Income taxes | 67/77 | €6,136 | €3,650 | -€2,486 | -40.5% |
| Profit (loss) for the period | 9904 | €12,071 | €1,137 | -€10,934 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,071 | €1,137 | -€10,934 | -90.6% |
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 11 October 2026 via checked.be.