Stuivenberg Grond: what changed
What changed
Stuivenberg Grond
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€2,893
2024 · €1,072-€3,965
Equity
€707,675
2024 · €710,568-€2,893
Cash
€292,795
2024 · €171,778+€121,017
Balance sheet total
€4.8m
2024 · €4.7m+€72,355
Largest movements
Assets
- Stocks and contracts -€478,429
down €478,429 (-29.5%), from €1.6m to €1.1m
- Tangible fixed assets +€449,929
up €449,929 (+15.4%), from €2.9m to €3.4m
- Cash +€121,017
up €121,017 (+70.4%), from €171,778 to €292,795
mainly Stocks and contracts (+€478,429) and Depreciation (+€72,895)
Equity and liabilities
- Accrued charges and deferred income +€51,000
up €51,000 (+85.7%), from €59,500 to €110,500
Income statement
- Financial charges +€19,834
up €19,834 (+62.9%), from €31,519 to €51,353
- Gross operating margin +€15,581
up €15,581 (+14.7%), from €105,772 to €121,353
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.
Result 2024
€1,072
Gross operating margin
+€15,581
Depreciation
-€34
Financial charges
-€19,834
Taxes
+€322
Result 2025
-€2,893
raises the resultlowers the result
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.
From operations
+€643,841
Investment
-€522,824
Financing
€0
Cash 2024
€171,778
From operations (derived)
+€643,841
Net result for the year
-€2,893
Depreciation
+€72,895
Stocks and contracts
+€478,429
Receivables within one year
+€2,414
Deferred charges and accrued income
+€17,748
Trade debts
-€5,500
Tax, wage and social debts
+€29,748
Accrued charges and deferred income
+€51,000
Investment (derived)
-€522,824
Investment in fixed assets (net)
-€522,824
Cash 2025
€292,795
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,742,657 | €4,815,012 | +€72,355 | +1.5% |
| Fixed assets | 21/28 | €2,915,779 | €3,365,708 | +€449,929 | +15.4% |
| Tangible fixed assets | 22/27 | €2,915,779 | €3,365,708 | +€449,929 | +15.4% |
| Land and buildings | 22 | €2,915,779 | €3,365,708 | +€449,929 | +15.4% |
| Current assets | 29/58 | €1,826,878 | €1,449,304 | -€377,574 | -20.7% |
| Stocks and contracts in progress | 3 | €1,622,050 | €1,143,621 | -€478,429 | -29.5% |
| Contracts in progress | 37 | €1,622,050 | €1,143,621 | -€478,429 | -29.5% |
| Amounts receivable within one year | 40/41 | €15,302 | €12,888 | -€2,414 | -15.8% |
| Trade receivables | 40 | €5,652 | €2,887 | -€2,765 | -48.9% |
| Other amounts receivable | 41 | €9,650 | €10,001 | +€351 | +3.6% |
| Cash at bank and in hand | 54/58 | €171,778 | €292,795 | +€121,017 | +70.4% |
| Deferred charges and accrued income | 490/1 | €17,748 | - | -€17,748 | |
| Total equity and liabilities | 10/49 | €4,742,657 | €4,815,012 | +€72,355 | +1.5% |
| Equity | 10/15 | €710,568 | €707,675 | -€2,893 | -0.4% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €27,142 | €27,142 | = | 0.0% |
| Distributable reserves | 133 | €27,142 | €27,142 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,426 | €80,533 | -€2,893 | -3.5% |
| Amounts payable | 17/49 | €4,032,089 | €4,107,337 | +€75,248 | +1.9% |
| Amounts payable after more than one year | 17 | €3,400,000 | €3,400,000 | = | 0.0% |
| Financial debts | 170/4 | €3,400,000 | €3,400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €572,589 | €596,837 | +€24,248 | +4.2% |
| Trade debts | 44 | €5,500 | - | -€5,500 | |
| Suppliers | 440/4 | €5,500 | - | -€5,500 | |
| Taxes, remuneration and social security | 45 | €13,548 | €43,296 | +€29,748 | +220% |
| Taxes | 450/3 | €13,548 | €43,296 | +€29,748 | +220% |
| Other amounts payable | 47/48 | €553,541 | €553,541 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €59,500 | €110,500 | +€51,000 | +85.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,861 | €72,895 | +€34 | 0.0% |
| Gross operating margin | 9900 | €105,772 | €121,353 | +€15,581 | +14.7% |
| Operating profit (loss) | 9901 | €32,911 | €48,458 | +€15,547 | +47.2% |
| Financial charges | 65/66B | €31,519 | €51,353 | +€19,834 | +62.9% |
| Recurring financial charges | 65 | €31,519 | €51,353 | +€19,834 | +62.9% |
| Profit (loss) for the period before taxes | 9903 | €1,392 | -€2,895 | -€4,287 | |
| Income taxes | 67/77 | €320 | -€2 | -€322 | |
| Profit (loss) for the period | 9904 | €1,072 | -€2,893 | -€3,965 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,072 | -€2,893 | -€3,965 |
Next steps
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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 2 November 2026 via checked.be.