VAN NECK STIJN: 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.
VAN NECK STIJN
Largest movements
- Tangible fixed assets +€7,327
up €7,327 (+59.4%), from €12,335 to €19,662
of which Furniture and vehicles: +€9,268
- Deferred charges and accrued income -€7,174
down €7,174 (-69.5%), from €10,316 to €3,141
- Cash +€1,396
up €1,396 (+2.0%), from €71,000 to €72,396
mainly Net result for the year (+€19,846) and Deferred charges and accrued income (+€7,174)
- Receivables within one year +€1,291
up €1,291 (+4.8%), from €27,142 to €28,433
of which Trade receivables: +€1,742
- Other debts +€3,567
up €3,567 (+51.1%), from €6,975 to €10,542
- Gross operating margin -€20,546
down €20,546 (-41.0%), from €50,060 to €29,514
- Taxes -€4,101
down €4,101 (-42.7%), from €9,594 to €5,494
- Financial income -€898
down €898 (-52.0%), from €1,727 to €829
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 | €120,900 | €123,735 | +€2,835 | +2.3% |
| Fixed assets | 21/28 | €12,335 | €19,662 | +€7,327 | +59.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €12,335 | €19,662 | +€7,327 | +59.4% |
| Plant, machinery and equipment | 23 | €6,713 | €5,326 | -€1,387 | -20.7% |
| Furniture and vehicles | 24 | €4,848 | €14,116 | +€9,268 | +191% |
| Other tangible fixed assets | 26 | €774 | €220 | -€554 | -71.6% |
| Current assets | 29/58 | €108,565 | €104,072 | -€4,493 | -4.1% |
| Stocks and contracts in progress | 3 | €107 | €102 | -€5 | -4.7% |
| Stocks | 30/36 | €107 | €102 | -€5 | -4.7% |
| Amounts receivable within one year | 40/41 | €27,142 | €28,433 | +€1,291 | +4.8% |
| Trade receivables | 40 | €23,559 | €25,301 | +€1,742 | +7.4% |
| Other amounts receivable | 41 | €3,584 | €3,132 | -€451 | -12.6% |
| Cash at bank and in hand | 54/58 | €71,000 | €72,396 | +€1,396 | +2.0% |
| Deferred charges and accrued income | 490/1 | €10,316 | €3,141 | -€7,174 | -69.5% |
| Total equity and liabilities | 10/49 | €120,900 | €123,735 | +€2,835 | +2.3% |
| Equity | 10/15 | €102,210 | €102,210 | = | 0.0% |
| Reserves | 13 | €102,000 | €102,000 | = | 0.0% |
| Distributable reserves | 133 | €102,000 | €102,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €210 | €210 | = | 0.0% |
| Amounts payable | 17/49 | €18,690 | €21,524 | +€2,835 | +15.2% |
| Amounts payable within one year | 42/48 | €18,690 | €21,524 | +€2,835 | +15.2% |
| Trade debts | 44 | €744 | €744 | +€0 | +0.1% |
| Suppliers | 440/4 | €744 | €744 | +€0 | +0.1% |
| Taxes, remuneration and social security | 45 | €10,971 | €10,238 | -€733 | -6.7% |
| Taxes | 450/3 | €8,971 | €8,238 | -€733 | -8.2% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €6,975 | €10,542 | +€3,567 | +51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,038 | €4,403 | +€366 | +9.1% |
| Other operating charges | 640/8 | €597 | €545 | -€52 | -8.7% |
| Gross operating margin | 9900 | €50,060 | €29,514 | -€20,546 | -41.0% |
| Operating profit (loss) | 9901 | €45,426 | €24,566 | -€20,860 | -45.9% |
| Financial income | 75/76B | €1,727 | €829 | -€898 | -52.0% |
| Recurring financial income | 75 | €1,727 | €829 | -€898 | -52.0% |
| Financial charges | 65/66B | €45 | €55 | +€10 | +21.9% |
| Recurring financial charges | 65 | €45 | €55 | +€10 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €47,107 | €25,340 | -€21,767 | -46.2% |
| Income taxes | 67/77 | €9,594 | €5,494 | -€4,101 | -42.7% |
| Profit (loss) for the period | 9904 | €37,513 | €19,846 | -€17,667 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,513 | €19,846 | -€17,667 | -47.1% |
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 21 October 2026 via checked.be.