STUYCKENS: 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.
STUYCKENS
Largest movements
- Cash +€25,060
up €25,060 (+9.6%), from €260,059 to €285,120
mainly Net result for the year (+€45,420) and Tax, wage and social debts (+€12,082)
- Receivables within one year +€8,039
up €8,039 (+14.0%), from €57,556 to €65,595
of which Other amounts receivable: +€5,000
- Reserves +€45,420
up €45,420 (+20.4%), from €222,636 to €268,056
of which Distributable reserves: +€45,420
- Debts after one year -€15,000
down €15,000 (-23.1%), from €65,000 to €50,000
- Tax, wage and social debts +€12,082
up €12,082 (+73.1%), from €16,535 to €28,618
- Other debts -€9,792
down €9,792 (-25.8%), from €37,980 to €28,189
- Gross operating margin +€22,909
up €22,909 (+50.4%), from €45,416 to €68,325
- Taxes +€9,689
up €9,689 (+80.1%), from €12,092 to €21,780
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.
Derived cash bridge
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 | €360,277 | €393,376 | +€33,099 | +9.2% |
| Fixed assets | 21/28 | €42,662 | €42,662 | = | 0.0% |
| Financial fixed assets | 28 | €42,662 | €42,662 | = | 0.0% |
| Current assets | 29/58 | €317,615 | €350,714 | +€33,099 | +10.4% |
| Amounts receivable within one year | 40/41 | €57,556 | €65,595 | +€8,039 | +14.0% |
| Trade receivables | 40 | €47,556 | €50,595 | +€3,039 | +6.4% |
| Other amounts receivable | 41 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €260,059 | €285,120 | +€25,060 | +9.6% |
| Total equity and liabilities | 10/49 | €360,277 | €393,376 | +€33,099 | +9.2% |
| Equity | 10/15 | €235,036 | €280,456 | +€45,420 | +19.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €222,636 | €268,056 | +€45,420 | +20.4% |
| Tax-exempt reserves | 132 | €210 | €210 | = | 0.0% |
| Distributable reserves | 133 | €222,425 | €267,845 | +€45,420 | +20.4% |
| Amounts payable | 17/49 | €125,241 | €112,920 | -€12,321 | -9.8% |
| Amounts payable after more than one year | 17 | €65,000 | €50,000 | -€15,000 | -23.1% |
| Other amounts payable | 178/9 | €65,000 | €50,000 | -€15,000 | -23.1% |
| Amounts payable within one year | 42/48 | €60,241 | €62,920 | +€2,679 | +4.4% |
| Trade debts | 44 | €5,725 | €6,114 | +€389 | +6.8% |
| Suppliers | 440/4 | €5,725 | €6,114 | +€389 | +6.8% |
| Taxes, remuneration and social security | 45 | €16,535 | €28,618 | +€12,082 | +73.1% |
| Taxes | 450/3 | €16,535 | €28,618 | +€12,082 | +73.1% |
| Other amounts payable | 47/48 | €37,980 | €28,189 | -€9,792 | -25.8% |
| Other operating charges | 640/8 | €1,047 | €1,078 | +€32 | +3.0% |
| Gross operating margin | 9900 | €45,416 | €68,325 | +€22,909 | +50.4% |
| Operating profit (loss) | 9901 | €44,369 | €67,246 | +€22,877 | +51.6% |
| Financial charges | 65/66B | €61 | €46 | -€15 | -24.3% |
| Recurring financial charges | 65 | €61 | €46 | -€15 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €44,308 | €67,201 | +€22,892 | +51.7% |
| Income taxes | 67/77 | €12,092 | €21,780 | +€9,689 | +80.1% |
| Profit (loss) for the period | 9904 | €32,217 | €45,420 | +€13,203 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,217 | €45,420 | +€13,203 | +41.0% |
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 19 October 2026 via checked.be.