STUYTS: what changed
What changed
STUYTS
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€135,904
2024 · €50,276+€85,628
Equity
€1.5m
2024 · €1.4m+€135,904
Cash
€346,531
2024 · €75,753+€270,778
Balance sheet total
€4.0m
2024 · €4.3m-€320,016
Largest movements
Assets
- Receivables within one year -€645,629
down €645,629 (-36.8%), from €1.8m to €1.1m
of which Trade receivables: -€601,515
- Cash +€270,778
up €270,778 (+357%), from €75,753 to €346,531
mainly Receivables within one year (+€645,629) and Depreciation (+€221,075)
- Stocks and contracts +€184,780
up €184,780 (+19.5%), from €946,691 to €1.1m
- Tangible fixed assets -€129,945
down €129,945 (-8.6%), from €1.5m to €1.4m
of which Plant, machinery and equipment: -€76,181
Equity and liabilities
- Other debts -€294,684
down €294,684 (-36.0%), from €818,990 to €524,306
- Reserves +€135,904
up €135,904 (+10.6%), from €1.3m to €1.4m
of which Distributable reserves: +€135,904
- Debts after one year -€80,020
down €80,020 (-16.1%), from €496,117 to €416,097
- Trade debts -€54,913
down €54,913 (-20.1%), from €272,975 to €218,062
Income statement
- Gross operating margin +€202,421
up €202,421 (+9.1%), from €2.2m to €2.4m
- Staff costs +€126,429
up €126,429 (+6.9%), from €1.8m to €2.0m
- Financial charges -€30,275
down €30,275 (-38.3%), from €78,953 to €48,678
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
€50,276
Gross operating margin
+€202,421
Staff costs
-€126,429
Depreciation
-€14,683
Write-downs
+€4,694
Other operating charges
+€981
Financial income
-€236
Financial charges
+€30,275
Taxes
-€11,396
Result 2025
€135,904
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
+€464,400
Investment
-€91,130
Financing
-€102,492
Cash 2024
€75,753
From operations (derived)
+€464,400
Net result for the year
+€135,904
Depreciation
+€221,075
Stocks and contracts
-€184,780
Receivables within one year
+€645,629
Trade debts
-€54,913
Tax, wage and social debts
-€21,825
Advances received
+€17,994
Other debts
-€294,684
Investment (derived)
-€91,130
Investment in fixed assets (net)
-€91,130
Financing
-€102,492
Debts after one year
-€80,020
Current portion of long-term debt
-€22,472
Cash 2025
€346,531
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,278,377 | €3,958,361 | -€320,016 | -7.5% |
| Fixed assets | 21/28 | €1,502,791 | €1,372,846 | -€129,945 | -8.6% |
| Tangible fixed assets | 22/27 | €1,502,791 | €1,372,846 | -€129,945 | -8.6% |
| Plant, machinery and equipment | 23 | €1,319,936 | €1,243,755 | -€76,181 | -5.8% |
| Furniture and vehicles | 24 | €182,855 | €129,091 | -€53,764 | -29.4% |
| Current assets | 29/58 | €2,775,585 | €2,585,515 | -€190,071 | -6.8% |
| Stocks and contracts in progress | 3 | €946,691 | €1,131,471 | +€184,780 | +19.5% |
| Stocks | 30/36 | €946,691 | €1,131,471 | +€184,780 | +19.5% |
| Amounts receivable within one year | 40/41 | €1,753,142 | €1,107,513 | -€645,629 | -36.8% |
| Trade receivables | 40 | €1,661,967 | €1,060,452 | -€601,515 | -36.2% |
| Other amounts receivable | 41 | €91,175 | €47,061 | -€44,114 | -48.4% |
| Cash at bank and in hand | 54/58 | €75,753 | €346,531 | +€270,778 | +357% |
| Total equity and liabilities | 10/49 | €4,278,377 | €3,958,361 | -€320,016 | -7.5% |
| Equity | 10/15 | €1,359,636 | €1,495,540 | +€135,904 | +10.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,284,636 | €1,420,540 | +€135,904 | +10.6% |
| Non-distributable reserves | 130/1 | €32,289 | €32,289 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Other | 1319 | €24,789 | €24,789 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,909 | €20,909 | = | 0.0% |
| Distributable reserves | 133 | €1,231,438 | €1,367,342 | +€135,904 | +11.0% |
| Amounts payable | 17/49 | €2,918,740 | €2,462,820 | -€455,920 | -15.6% |
| Amounts payable after more than one year | 17 | €496,117 | €416,097 | -€80,020 | -16.1% |
| Financial debts | 170/4 | €496,117 | €416,097 | -€80,020 | -16.1% |
| Amounts payable within one year | 42/48 | €2,422,623 | €2,046,724 | -€375,900 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €102,492 | €80,020 | -€22,472 | -21.9% |
| Trade debts | 44 | €272,975 | €218,062 | -€54,913 | -20.1% |
| Suppliers | 440/4 | €272,975 | €218,062 | -€54,913 | -20.1% |
| Advances received on contracts in progress | 46 | €970,396 | €988,390 | +€17,994 | +1.9% |
| Taxes, remuneration and social security | 45 | €257,770 | €235,945 | -€21,825 | -8.5% |
| Taxes | 450/3 | €139,714 | €111,884 | -€27,831 | -19.9% |
| Remuneration and social security | 454/9 | €118,056 | €124,062 | +€6,006 | +5.1% |
| Other amounts payable | 47/48 | €818,990 | €524,306 | -€294,684 | -36.0% |
| Remuneration, social security and pensions | 62 | €1,842,476 | €1,968,905 | +€126,429 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,392 | €221,075 | +€14,683 | +7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,694 | - | -€4,694 | |
| Other operating charges | 640/8 | €6,184 | €5,203 | -€981 | -15.9% |
| Gross operating margin | 9900 | €2,226,448 | €2,428,869 | +€202,421 | +9.1% |
| Operating profit (loss) | 9901 | €166,702 | €233,686 | +€66,984 | +40.2% |
| Financial income | 75/76B | €304 | €68 | -€236 | -77.6% |
| Recurring financial income | 75 | €304 | €68 | -€236 | -77.6% |
| Financial charges | 65/66B | €78,953 | €48,678 | -€30,275 | -38.3% |
| Recurring financial charges | 65 | €78,953 | €48,678 | -€30,275 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €88,052 | €185,076 | +€97,024 | +110% |
| Income taxes | 67/77 | €37,777 | €49,172 | +€11,396 | +30.2% |
| Profit (loss) for the period | 9904 | €50,276 | €135,904 | +€85,628 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €50,276 | €135,904 | +€85,628 | +170% |
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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.