STUYTS S.: 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.
STUYTS S.
Largest movements
- Cash +€65,022
up €65,022 (+135%), from €48,333 to €113,355
mainly Receivables within one year (+€37,224) and Current investments (+€35,131)
- Receivables within one year -€37,224
down €37,224 (-33.9%), from €109,761 to €72,537
of which Trade receivables: -€21,631
- Current investments -€35,131
no longer reported in 2025 (was €35,131)
- Tangible fixed assets -€14,280
down €14,280 (-6.5%), from €219,830 to €205,550
of which Land and buildings: -€9,675
- Reserves -€25,000
down €25,000 (-8.3%), from €300,240 to €275,240
of which Distributable reserves: -€25,000
- Other debts +€10,120
new in 2025: €10,120
- Debts after one year -€9,979
down €9,979 (-9.3%), from €107,482 to €97,503
- Gross operating margin +€12,584
up €12,584 (+51.1%), from €24,611 to €37,195
- Taxes +€6,198
up €6,198 (+191%), from €3,245 to €9,443
- Financial income +€5,911
up €5,911 (+3,242%), from €182 to €6,093
of which Non-recurring financial income: +€5,739
- Staff costs +€2,372
up €2,372 (+539%), from €440 to €2,812
- Depreciation +€1,323
up €1,323 (+10.2%), from €12,957 to €14,280
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 | €462,017 | €435,809 | -€26,208 | -5.7% |
| Fixed assets | 21/28 | €219,830 | €205,550 | -€14,280 | -6.5% |
| Tangible fixed assets | 22/27 | €219,830 | €205,550 | -€14,280 | -6.5% |
| Land and buildings | 22 | €196,186 | €186,511 | -€9,675 | -4.9% |
| Plant, machinery and equipment | 23 | €23,644 | €19,039 | -€4,605 | -19.5% |
| Current assets | 29/58 | €242,187 | €230,259 | -€11,929 | -4.9% |
| Stocks and contracts in progress | 3 | €47,206 | €44,205 | -€3,001 | -6.4% |
| Stocks | 30/36 | €47,206 | €44,205 | -€3,001 | -6.4% |
| Amounts receivable within one year | 40/41 | €109,761 | €72,537 | -€37,224 | -33.9% |
| Trade receivables | 40 | €84,812 | €63,181 | -€21,631 | -25.5% |
| Other amounts receivable | 41 | €24,949 | €9,355 | -€15,594 | -62.5% |
| Current investments | 50/53 | €35,131 | - | -€35,131 | |
| Cash at bank and in hand | 54/58 | €48,333 | €113,355 | +€65,022 | +135% |
| Deferred charges and accrued income | 490/1 | €1,756 | €162 | -€1,595 | -90.8% |
| Total equity and liabilities | 10/49 | €462,017 | €435,809 | -€26,208 | -5.7% |
| Equity | 10/15 | €320,524 | €295,599 | -€24,925 | -7.8% |
| Contributions | 10/11 | €12,404 | €12,404 | = | 0.0% |
| Contributions outside capital | 11 | €12,404 | €12,404 | = | 0.0% |
| Other | 1109/19 | €12,404 | €12,404 | = | 0.0% |
| Reserves | 13 | €300,240 | €275,240 | -€25,000 | -8.3% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €299,000 | €274,000 | -€25,000 | -8.4% |
| Profit (loss) carried forward | 14 | €7,880 | €7,955 | +€75 | +1.0% |
| Amounts payable | 17/49 | €141,493 | €140,210 | -€1,283 | -0.9% |
| Amounts payable after more than one year | 17 | €107,482 | €97,503 | -€9,979 | -9.3% |
| Financial debts | 170/4 | €107,482 | €97,503 | -€9,979 | -9.3% |
| Amounts payable within one year | 42/48 | €34,011 | €42,707 | +€8,696 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €9,855 | €9,979 | +€124 | +1.3% |
| Trade debts | 44 | €21,056 | €17,308 | -€3,748 | -17.8% |
| Suppliers | 440/4 | €21,056 | €17,308 | -€3,748 | -17.8% |
| Taxes, remuneration and social security | 45 | €3,100 | €5,300 | +€2,200 | +71.0% |
| Taxes | 450/3 | €3,100 | €5,300 | +€2,200 | +71.0% |
| Other amounts payable | 47/48 | - | €10,120 | +€10,120 | |
| Remuneration, social security and pensions | 62 | €440 | €2,812 | +€2,372 | +539% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,957 | €14,280 | +€1,323 | +10.2% |
| Other operating charges | 640/8 | €1,659 | €1,564 | -€96 | -5.8% |
| Gross operating margin | 9900 | €24,611 | €37,195 | +€12,584 | +51.1% |
| Operating profit (loss) | 9901 | €9,555 | €18,540 | +€8,985 | +94.0% |
| Financial income | 75/76B | €182 | €6,093 | +€5,911 | +3,242% |
| Recurring financial income | 75 | €182 | €355 | +€172 | +94.5% |
| Non-recurring financial income | 76B | - | €5,739 | +€5,739 | |
| Financial charges | 65/66B | €1,779 | €2,116 | +€337 | +18.9% |
| Recurring financial charges | 65 | €1,779 | €2,116 | +€337 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €7,958 | €22,518 | +€14,560 | +183% |
| Income taxes | 67/77 | €3,245 | €9,443 | +€6,198 | +191% |
| Profit (loss) for the period | 9904 | €4,713 | €13,075 | +€8,362 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €4,713 | €13,075 | +€8,362 | +177% |
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.