Van Stichel: 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.
What changed
Van Stichel
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€69,154
2024 · €130,512-€61,358
Equity
€1.2m
2024 · €1.1m+€9,154
Cash
€252,976
2024 · €266,620-€13,644
Balance sheet total
€1.5m
2024 · €1.4m+€90,209
Largest movements
Assets
- Stocks and contracts +€104,792
up €104,792 (+11.5%), from €907,885 to €1.0m
- Deferred charges and accrued income +€17,469
up €17,469 (+14,129%), from €124 to €17,593
Equity and liabilities
- Other debts +€133,600
up €133,600 (+148%), from €90,000 to €223,600
- Trade debts -€106,774
down €106,774 (-78.6%), from €135,797 to €29,023
- Provisions +€56,145
new in 2025: €56,145
Income statement
- Provisions +€116,993
up €116,993, from -€60,848 to €56,145
- Staff costs -€44,742
down €44,742 (-43.8%), from €102,240 to €57,499
- Taxes -€19,090
down €19,090 (-84.7%), from €22,547 to €3,458
- Depreciation +€6,601
up €6,601 (+41.2%), from €16,015 to €22,616
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.
Result 2024
€130,512
Gross operating margin
-€1,023
Staff costs
+€44,742
Depreciation
-€6,601
Provisions
-€116,993
Other operating charges
-€714
Financial income
-€24
Financial charges
+€166
Taxes
+€19,090
Result 2025
€69,154
raises the resultlowers the result
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.
From operations
+€65,060
Investment
-€18,705
Financing
-€60,000
Cash 2024
€266,620
From operations (derived)
+€65,060
Net result for the year
+€69,154
Depreciation
+€22,616
Stocks and contracts
-€104,792
Receivables within one year
+€14,496
Deferred charges and accrued income
-€17,469
Provisions
+€56,145
Trade debts
-€106,774
Tax, wage and social debts
-€2,305
Other debts
+€133,600
Accrued charges and deferred income
+€390
Investment (derived)
-€18,705
Investment in fixed assets (net)
-€18,551
Current investments
-€154
Financing
-€60,000
Contributions, distributions and other
-€60,000
Cash 2025
€252,976
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,386,632 | €1,476,842 | +€90,209 | +6.5% |
| Fixed assets | 21/28 | €104,321 | €100,255 | -€4,065 | -3.9% |
| Intangible fixed assets | 21 | €1,447 | €702 | -€745 | -51.5% |
| Tangible fixed assets | 22/27 | €102,874 | €99,553 | -€3,320 | -3.2% |
| Land and buildings | 22 | €9,774 | €8,932 | -€842 | -8.6% |
| Plant, machinery and equipment | 23 | €47,794 | €54,812 | +€7,018 | +14.7% |
| Furniture and vehicles | 24 | €45,305 | €35,809 | -€9,496 | -21.0% |
| Current assets | 29/58 | €1,282,311 | €1,376,586 | +€94,275 | +7.4% |
| Stocks and contracts in progress | 3 | €907,885 | €1,012,677 | +€104,792 | +11.5% |
| Stocks | 30/36 | €907,885 | €1,012,677 | +€104,792 | +11.5% |
| Amounts receivable within one year | 40/41 | €44,620 | €30,124 | -€14,496 | -32.5% |
| Trade receivables | 40 | €37,080 | €27,920 | -€9,161 | -24.7% |
| Other amounts receivable | 41 | €7,539 | €2,204 | -€5,335 | -70.8% |
| Current investments | 50/53 | €63,063 | €63,217 | +€154 | +0.2% |
| Cash at bank and in hand | 54/58 | €266,620 | €252,976 | -€13,644 | -5.1% |
| Deferred charges and accrued income | 490/1 | €124 | €17,593 | +€17,469 | +14,129% |
| Total equity and liabilities | 10/49 | €1,386,632 | €1,476,842 | +€90,209 | +6.5% |
| Equity | 10/15 | €1,143,824 | €1,152,977 | +€9,154 | +0.8% |
| Contributions | 10/11 | €74,370 | €74,370 | = | 0.0% |
| Reserves | 13 | €1,069,454 | €1,078,607 | +€9,154 | +0.9% |
| Distributable reserves | 133 | €1,069,454 | €1,078,607 | +€9,154 | +0.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €56,145 | +€56,145 | |
| Provisions for liabilities and charges | 160/5 | - | €56,145 | +€56,145 | |
| Major repairs and maintenance | 162 | - | €56,145 | +€56,145 | |
| Amounts payable | 17/49 | €242,808 | €267,719 | +€24,911 | +10.3% |
| Amounts payable within one year | 42/48 | €242,808 | €267,329 | +€24,521 | +10.1% |
| Trade debts | 44 | €135,797 | €29,023 | -€106,774 | -78.6% |
| Suppliers | 440/4 | €135,797 | €29,023 | -€106,774 | -78.6% |
| Taxes, remuneration and social security | 45 | €17,011 | €14,706 | -€2,305 | -13.5% |
| Taxes | 450/3 | €4,685 | €11,660 | +€6,975 | +149% |
| Remuneration and social security | 454/9 | €12,326 | €3,046 | -€9,280 | -75.3% |
| Other amounts payable | 47/48 | €90,000 | €223,600 | +€133,600 | +148% |
| Accrued charges and deferred income | 492/3 | - | €390 | +€390 | |
| Remuneration, social security and pensions | 62 | €102,240 | €57,499 | -€44,742 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,015 | €22,616 | +€6,601 | +41.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€60,848 | €56,145 | +€116,993 | |
| Other operating charges | 640/8 | €17,217 | €17,931 | +€714 | +4.1% |
| Gross operating margin | 9900 | €227,809 | €226,787 | -€1,023 | -0.4% |
| Operating profit (loss) | 9901 | €153,186 | €72,596 | -€80,590 | -52.6% |
| Financial income | 75/76B | €1,210 | €1,186 | -€24 | -2.0% |
| Recurring financial income | 75 | €1,210 | €1,186 | -€24 | -2.0% |
| Financial charges | 65/66B | €1,337 | €1,171 | -€166 | -12.4% |
| Recurring financial charges | 65 | €1,337 | €1,171 | -€166 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €153,059 | €72,611 | -€80,448 | -52.6% |
| Income taxes | 67/77 | €22,547 | €3,458 | -€19,090 | -84.7% |
| Profit (loss) for the period | 9904 | €130,512 | €69,154 | -€61,358 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €130,512 | €69,154 | -€61,358 | -47.0% |
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 13 October 2026 via checked.be.