VAN STAPPEN & CADA: 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 STAPPEN & CADA
Largest movements
- Cash -€141,024
down €141,024 (-33.4%), from €422,440 to €281,415
mainly Net result for the year (-€145,310) and Receivables within one year (-€72,840)
- Receivables within one year +€72,840
up €72,840 (+15.8%), from €460,657 to €533,497
of which Trade receivables: +€58,656
- Stocks and contracts -€20,131
down €20,131 (-6.1%), from €327,345 to €307,214
of which Stocks: -€10,304
- Profit (loss) carried forward -€145,310
new in 2025: -€145,310
- Advances received +€51,283
up €51,283 (+495%), from €10,362 to €61,645
- Trade debts +€29,487
up €29,487 (+25.5%), from €115,567 to €145,054
- Tax, wage and social debts -€23,574
down €23,574 (-33.0%), from €71,341 to €47,768
of which Taxes: -€21,843
- Gross operating margin -€208,509
down €208,509 (-31.7%), from €657,824 to €449,315
- Taxes -€22,489
down €22,489 (-96.8%), from €23,244 to €755
- Write-downs +€11,588
up €11,588, from -€7,084 to €4,503
- Staff costs -€10,274
down €10,274 (-1.7%), from €605,348 to €595,073
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 | €1,222,014 | €1,136,919 | -€85,095 | -7.0% |
| Fixed assets | 21/28 | €9,693 | €7,857 | -€1,836 | -18.9% |
| Tangible fixed assets | 22/27 | €9,216 | €7,380 | -€1,836 | -19.9% |
| Plant, machinery and equipment | 23 | €8,914 | €6,239 | -€2,675 | -30.0% |
| Furniture and vehicles | 24 | €302 | €1,141 | +€839 | +278% |
| Financial fixed assets | 28 | €477 | €477 | = | 0.0% |
| Current assets | 29/58 | €1,212,322 | €1,129,063 | -€83,259 | -6.9% |
| Stocks and contracts in progress | 3 | €327,345 | €307,214 | -€20,131 | -6.1% |
| Stocks | 30/36 | €241,765 | €231,462 | -€10,304 | -4.3% |
| Contracts in progress | 37 | €85,579 | €75,752 | -€9,828 | -11.5% |
| Amounts receivable within one year | 40/41 | €460,657 | €533,497 | +€72,840 | +15.8% |
| Trade receivables | 40 | €251,477 | €310,132 | +€58,656 | +23.3% |
| Other amounts receivable | 41 | €209,180 | €223,365 | +€14,185 | +6.8% |
| Cash at bank and in hand | 54/58 | €422,440 | €281,415 | -€141,024 | -33.4% |
| Deferred charges and accrued income | 490/1 | €1,880 | €6,936 | +€5,056 | +269% |
| Total equity and liabilities | 10/49 | €1,222,014 | €1,136,919 | -€85,095 | -7.0% |
| Equity | 10/15 | €1,011,449 | €866,138 | -€145,310 | -14.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €949,449 | €949,449 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €943,249 | €943,249 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€145,310 | -€145,310 | |
| Amounts payable | 17/49 | €210,566 | €270,781 | +€60,215 | +28.6% |
| Amounts payable within one year | 42/48 | €197,270 | €254,466 | +€57,196 | +29.0% |
| Trade debts | 44 | €115,567 | €145,054 | +€29,487 | +25.5% |
| Suppliers | 440/4 | €115,567 | €145,054 | +€29,487 | +25.5% |
| Advances received on contracts in progress | 46 | €10,362 | €61,645 | +€51,283 | +495% |
| Taxes, remuneration and social security | 45 | €71,341 | €47,768 | -€23,574 | -33.0% |
| Taxes | 450/3 | €28,421 | €6,579 | -€21,843 | -76.9% |
| Remuneration and social security | 454/9 | €42,920 | €41,189 | -€1,731 | -4.0% |
| Accrued charges and deferred income | 492/3 | €13,295 | €16,315 | +€3,020 | +22.7% |
| Remuneration, social security and pensions | 62 | €605,348 | €595,073 | -€10,274 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,629 | €2,983 | -€1,646 | -35.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,084 | €4,503 | +€11,588 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,936 | €2,801 | +€865 | +44.7% |
| Gross operating margin | 9900 | €657,824 | €449,315 | -€208,509 | -31.7% |
| Operating profit (loss) | 9901 | €52,995 | -€156,046 | -€209,041 | |
| Financial income | 75/76B | €17,410 | €12,738 | -€4,672 | -26.8% |
| Recurring financial income | 75 | €17,410 | €12,738 | -€4,672 | -26.8% |
| Financial charges | 65/66B | €1,154 | €1,248 | +€94 | +8.2% |
| Recurring financial charges | 65 | €1,154 | €1,248 | +€94 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €69,251 | -€144,556 | -€213,807 | |
| Income taxes | 67/77 | €23,244 | €755 | -€22,489 | -96.8% |
| Profit (loss) for the period | 9904 | €46,008 | -€145,310 | -€191,318 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,008 | -€145,310 | -€191,318 |
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.