't Stift: what changed
Two fiscal 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 Stift
Largest movements
- Cash +€90,102
up €90,102 (+149.8%), from €60,161 to €150,263
mainly Net result for the year (+€52,550) and Current investments (+€30,400)
- Current investments -€30,400
down €30,400 (-76.0%), from €40,000 to €9,600
- Tangible fixed assets -€10,445
down €10,445 (-65.6%), from €15,919 to €5,474
of which Furniture and vehicles: -€10,151
- Deferred charges and accrued income -€8,200
down €8,200 (-75.6%), from €10,851 to €2,651
- Reserves +€52,550
up €52,550 (+53.6%), from €98,097 to €150,647
- Debts after one year -€6,661
down €6,661 (-100.0%), from €6,661 to €0
- Tax, wage and social debts -€2,432
down €2,432 (-24.4%), from €9,953 to €7,521
- Current portion of long-term debt -€2,011
down €2,011 (-23.2%), from €8,672 to €6,661
- Gross operating margin -€13,138
down €13,138 (-14.7%), from €89,377 to €76,239
- Depreciation -€2,949
down €2,949 (-22.0%), from €13,394 to €10,445
- Taxes -€1,895
down €1,895 (-11.9%), from €15,983 to €14,088
- Financial income +€1,780
up €1,780 (+1633.6%), from €109 to €1,889
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.
Cash bridge derived
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 | €127,470 | €168,788 | +€41,318 | +32.4% |
| Fixed assets | 21/28 | €15,919 | €5,474 | -€10,445 | -65.6% |
| Tangible fixed assets | 22/27 | €15,919 | €5,474 | -€10,445 | -65.6% |
| Land and buildings | 22 | €1,874 | €1,580 | -€294 | -15.7% |
| Furniture and vehicles | 24 | €14,045 | €3,894 | -€10,151 | -72.3% |
| Current assets | 29/58 | €111,551 | €163,314 | +€51,763 | +46.4% |
| Amounts receivable within one year | 40/41 | €540 | €800 | +€260 | +48.3% |
| Trade receivables | 40 | - | €800 | +€800 | |
| Other amounts receivable | 41 | €540 | €0 | -€540 | -100.0% |
| Current investments | 50/53 | €40,000 | €9,600 | -€30,400 | -76.0% |
| Cash at bank and in hand | 54/58 | €60,161 | €150,263 | +€90,102 | +149.8% |
| Deferred charges and accrued income | 490/1 | €10,851 | €2,651 | -€8,200 | -75.6% |
| Total equity and liabilities | 10/49 | €127,470 | €168,788 | +€41,318 | +32.4% |
| Equity | 10/15 | €101,097 | €153,647 | +€52,550 | +52.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €98,097 | €150,647 | +€52,550 | +53.6% |
| Distributable reserves | 133 | €98,097 | €150,647 | +€52,550 | +53.6% |
| Amounts payable | 17/49 | €26,373 | €15,141 | -€11,232 | -42.6% |
| Amounts payable after more than one year | 17 | €6,661 | €0 | -€6,661 | -100.0% |
| Financial debts | 170/4 | €6,661 | €0 | -€6,661 | -100.0% |
| Amounts payable within one year | 42/48 | €19,712 | €15,141 | -€4,571 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €8,672 | €6,661 | -€2,011 | -23.2% |
| Financial debts | 43 | €197 | €48 | -€149 | -75.6% |
| Credit institutions | 430/8 | €197 | €48 | -€149 | -75.6% |
| Trade debts | 44 | €272 | €67 | -€205 | -75.4% |
| Suppliers | 440/4 | €272 | €67 | -€205 | -75.4% |
| Taxes, remuneration and social security | 45 | €9,953 | €7,521 | -€2,432 | -24.4% |
| Taxes | 450/3 | €9,953 | €7,521 | -€2,432 | -24.4% |
| Other amounts payable | 47/48 | €618 | €844 | +€226 | +36.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,394 | €10,445 | -€2,949 | -22.0% |
| Other operating charges | 640/8 | €740 | €492 | -€248 | -33.6% |
| Gross operating margin | 9900 | €89,377 | €76,239 | -€13,138 | -14.7% |
| Operating profit (loss) | 9901 | €75,243 | €65,302 | -€9,941 | -13.2% |
| Financial income | 75/76B | €109 | €1,889 | +€1,780 | +1633.6% |
| Recurring financial income | 75 | €109 | €1,889 | +€1,780 | +1633.6% |
| Financial charges | 65/66B | €748 | €553 | -€194 | -26.0% |
| Recurring financial charges | 65 | €748 | €553 | -€194 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €74,604 | €66,638 | -€7,966 | -10.7% |
| Income taxes | 67/77 | €15,983 | €14,088 | -€1,895 | -11.9% |
| Profit (loss) for the period | 9904 | €58,621 | €52,550 | -€6,071 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,621 | €52,550 | -€6,071 | -10.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.