'T STADHUIS: 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.
'T STADHUIS
Largest movements
- Receivables within one year +€83,575
up €83,575 (+72.2%), from €115,706 to €199,281
of which Trade receivables: +€67,632
- Tangible fixed assets -€25,000
down €25,000 (-7.0%), from €357,731 to €332,731
of which Land and buildings: -€16,683
- Short-term financial debts +€67,866
up €67,866 (+34.2%), from €198,545 to €266,411
of which Credit institutions: +€67,866
- Accrued charges and deferred income -€60,000
no longer reported in 2024 (was €60,000)
- Tax, wage and social debts +€23,506
up €23,506 (+228%), from €10,314 to €33,820
- Debts after one year +€21,013
up €21,013 (+9.4%), from €224,388 to €245,401
of which Financial debts: +€21,013
- Gross operating margin +€9,710
up €9,710 (+36.6%), from €26,514 to €36,224
- Write-downs +€4,283
new in 2024: €4,283
- Staff costs +€1,047
new in 2024: €1,047
- Financial charges -€818
down €818 (-19.1%), from €4,274 to €3,456
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €609,148 | €659,209 | +€50,061 | +8.2% |
| Fixed assets | 21/28 | €357,731 | €332,731 | -€25,000 | -7.0% |
| Tangible fixed assets | 22/27 | €357,731 | €332,731 | -€25,000 | -7.0% |
| Land and buildings | 22 | €296,792 | €280,109 | -€16,683 | -5.6% |
| Plant, machinery and equipment | 23 | €1,736 | €1,163 | -€573 | -33.0% |
| Furniture and vehicles | 24 | €58,498 | €50,895 | -€7,603 | -13.0% |
| Other tangible fixed assets | 26 | €705 | €564 | -€141 | -20.0% |
| Current assets | 29/58 | €251,417 | €326,478 | +€75,061 | +29.9% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Trade receivables | 290 | €90,000 | €90,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,283 | - | -€4,283 | |
| Stocks | 30/36 | €4,283 | - | -€4,283 | |
| Amounts receivable within one year | 40/41 | €115,706 | €199,281 | +€83,575 | +72.2% |
| Trade receivables | 40 | €63,719 | €131,351 | +€67,632 | +106% |
| Other amounts receivable | 41 | €51,987 | €67,930 | +€15,943 | +30.7% |
| Cash at bank and in hand | 54/58 | €3,100 | €592 | -€2,508 | -80.9% |
| Deferred charges and accrued income | 490/1 | €38,328 | €36,605 | -€1,723 | -4.5% |
| Total equity and liabilities | 10/49 | €609,148 | €659,209 | +€50,061 | +8.2% |
| Equity | 10/15 | €91,462 | €91,825 | +€363 | +0.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €68,168 | €68,168 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,335 | €17,335 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Other | 1319 | €14,835 | €14,835 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,833 | €50,833 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,706 | -€1,343 | +€363 | +21.3% |
| Amounts payable | 17/49 | €517,686 | €567,384 | +€49,698 | +9.6% |
| Amounts payable after more than one year | 17 | €224,388 | €245,401 | +€21,013 | +9.4% |
| Financial debts | 170/4 | €206,238 | €227,251 | +€21,013 | +10.2% |
| Trade debts | 175 | €18,150 | €18,150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €233,298 | €321,983 | +€88,685 | +38.0% |
| Financial debts | 43 | €198,545 | €266,411 | +€67,866 | +34.2% |
| Credit institutions | 430/8 | €68,800 | €136,666 | +€67,866 | +98.6% |
| Other loans | 439 | €129,745 | €129,745 | = | 0.0% |
| Trade debts | 44 | €24,439 | €21,752 | -€2,687 | -11.0% |
| Suppliers | 440/4 | €24,439 | €21,752 | -€2,687 | -11.0% |
| Taxes, remuneration and social security | 45 | €10,314 | €33,820 | +€23,506 | +228% |
| Taxes | 450/3 | €10,314 | €33,820 | +€23,506 | +228% |
| Accrued charges and deferred income | 492/3 | €60,000 | - | -€60,000 | |
| Remuneration, social security and pensions | 62 | - | €1,047 | +€1,047 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,774 | €25,000 | +€226 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,283 | +€4,283 | |
| Other operating charges | 640/8 | €2,005 | €2,075 | +€70 | +3.5% |
| Gross operating margin | 9900 | €26,514 | €36,224 | +€9,710 | +36.6% |
| Operating profit (loss) | 9901 | -€265 | €3,819 | +€4,084 | |
| Financial charges | 65/66B | €4,274 | €3,456 | -€818 | -19.1% |
| Recurring financial charges | 65 | €4,274 | €3,456 | -€818 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,539 | €363 | +€4,902 | |
| Profit (loss) for the period | 9904 | -€4,539 | €363 | +€4,902 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,539 | €363 | +€4,902 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.