't Stoelmakerke: what changed
't Stoelmakerke
Largest movements
- Receivables within one year -€36,552
down €36,552 (-46.5%), from €78,664 to €42,112
of which Trade receivables: -€40,626
- Cash -€35,675
down €35,675 (-40.9%), from €87,187 to €51,512
mainly Tax, wage and social debts (-€33,463) and Net result for the year (-€17,479)
- Stocks and contracts +€15,015
up €15,015 (+50.9%), from €29,471 to €44,486
- Tax, wage and social debts -€33,463
down €33,463 (-89.2%), from €37,496 to €4,033
- Profit (loss) carried forward -€17,479
down €17,479 (-17.1%), from €102,131 to €84,652
- Trade debts -€9,179
down €9,179 (-87.2%), from €10,525 to €1,346
- Accrued charges and deferred income -€2,959
down €2,959 (-25.3%), from €11,680 to €8,722
- Gross operating margin -€20,671
down €20,671 (-73.6%), from €28,096 to €7,425
- Financial charges -€1,480
down €1,480 (-69.9%), from €2,119 to €639
- Taxes -€1,123
down €1,123 (-86.5%), from €1,298 to €175
- Depreciation +€1,076
up €1,076 (+6.1%), from €17,591 to €18,667
- Other operating charges +€545
up €545 (+11.7%), from €4,663 to €5,207
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €255,979 | €197,285 | -€58,695 | -22.9% |
| Fixed assets | 21/28 | €59,818 | €58,336 | -€1,482 | -2.5% |
| Tangible fixed assets | 22/27 | €59,818 | €58,336 | -€1,482 | -2.5% |
| Land and buildings | 22 | €42,304 | €40,654 | -€1,651 | -3.9% |
| Plant, machinery and equipment | 23 | €1,042 | €542 | -€500 | -48.0% |
| Furniture and vehicles | 24 | €16,472 | €17,141 | +€668 | +4.1% |
| Current assets | 29/58 | €196,161 | €138,949 | -€57,212 | -29.2% |
| Stocks and contracts in progress | 3 | €29,471 | €44,486 | +€15,015 | +50.9% |
| Stocks | 30/36 | €29,471 | €44,486 | +€15,015 | +50.9% |
| Amounts receivable within one year | 40/41 | €78,664 | €42,112 | -€36,552 | -46.5% |
| Trade receivables | 40 | €67,483 | €26,857 | -€40,626 | -60.2% |
| Other amounts receivable | 41 | €11,181 | €15,255 | +€4,074 | +36.4% |
| Cash at bank and in hand | 54/58 | €87,187 | €51,512 | -€35,675 | -40.9% |
| Deferred charges and accrued income | 490/1 | €839 | €839 | = | 0.0% |
| Total equity and liabilities | 10/49 | €255,979 | €197,285 | -€58,695 | -22.9% |
| Equity | 10/15 | €129,631 | €112,152 | -€17,479 | -13.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,131 | €84,652 | -€17,479 | -17.1% |
| Amounts payable | 17/49 | €126,348 | €85,133 | -€41,216 | -32.6% |
| Amounts payable within one year | 42/48 | €114,668 | €76,411 | -€38,257 | -33.4% |
| Trade debts | 44 | €10,525 | €1,346 | -€9,179 | -87.2% |
| Suppliers | 440/4 | €10,525 | €1,346 | -€9,179 | -87.2% |
| Advances received on contracts in progress | 46 | €1,265 | €3,765 | +€2,500 | +198% |
| Taxes, remuneration and social security | 45 | €37,496 | €4,033 | -€33,463 | -89.2% |
| Taxes | 450/3 | €37,496 | €4,033 | -€33,463 | -89.2% |
| Other amounts payable | 47/48 | €65,382 | €67,267 | +€1,885 | +2.9% |
| Accrued charges and deferred income | 492/3 | €11,680 | €8,722 | -€2,959 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,591 | €18,667 | +€1,076 | +6.1% |
| Other operating charges | 640/8 | €4,663 | €5,207 | +€545 | +11.7% |
| Non-recurring operating charges | 66A | €2,264 | €782 | -€1,482 | -65.4% |
| Gross operating margin | 9900 | €28,096 | €7,425 | -€20,671 | -73.6% |
| Operating profit (loss) | 9901 | €3,578 | -€17,232 | -€20,810 | |
| Financial income | 75/76B | €253 | €567 | +€314 | +124% |
| Recurring financial income | 75 | €253 | €567 | +€314 | +124% |
| Financial charges | 65/66B | €2,119 | €639 | -€1,480 | -69.9% |
| Recurring financial charges | 65 | €2,119 | €639 | -€1,480 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | €1,712 | -€17,304 | -€19,016 | |
| Income taxes | 67/77 | €1,298 | €175 | -€1,123 | -86.5% |
| Profit (loss) for the period | 9904 | €415 | -€17,479 | -€17,893 | |
| Profit (loss) for the period to be appropriated | 9905 | €415 | -€17,479 | -€17,893 |
Next steps
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.