433 STIL: 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.
433 STIL
Largest movements
- Cash +€65,542
up €65,542 (+309.2%), from €21,199 to €86,741
mainly Receivables within one year (+€45,820) and Net result for the year (+€44,015)
- Receivables within one year -€45,820
down €45,820 (-36.3%), from €126,135 to €80,315
of which Trade receivables: -€47,908
- Tangible fixed assets -€12,505
down €12,505 (-23.2%), from €54,013 to €41,508
of which Furniture and vehicles: -€11,938
- Other debts +€31,484
up €31,484 (+104.2%), from €30,225 to €61,709
- Reserves -€12,500
down €12,500 (-14.7%), from €84,750 to €72,250
of which Distributable reserves: -€12,500
- Debts after one year -€8,136
down €8,136 (-40.9%), from €19,895 to €11,759
- Trade debts -€3,326
down €3,326 (-34.9%), from €9,526 to €6,201
- Gross operating margin +€29,978
up €29,978 (+68.4%), from €43,832 to €73,810
- Taxes +€5,912
up €5,912 (+103.9%), from €5,687 to €11,599
- Depreciation +€894
up €894 (+5.6%), from €15,861 to €16,755
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 | €201,348 | €208,564 | +€7,217 | +3.6% |
| Fixed assets | 21/28 | €54,013 | €41,508 | -€12,505 | -23.2% |
| Tangible fixed assets | 22/27 | €54,013 | €41,508 | -€12,505 | -23.2% |
| Land and buildings | 22 | €3,850 | €3,283 | -€567 | -14.7% |
| Furniture and vehicles | 24 | €50,162 | €38,225 | -€11,938 | -23.8% |
| Current assets | 29/58 | €147,335 | €167,056 | +€19,721 | +13.4% |
| Amounts receivable within one year | 40/41 | €126,135 | €80,315 | -€45,820 | -36.3% |
| Trade receivables | 40 | €123,822 | €75,914 | -€47,908 | -38.7% |
| Other amounts receivable | 41 | €2,313 | €4,401 | +€2,088 | +90.3% |
| Cash at bank and in hand | 54/58 | €21,199 | €86,741 | +€65,542 | +309.2% |
| Total equity and liabilities | 10/49 | €201,348 | €208,564 | +€7,217 | +3.6% |
| Equity | 10/15 | €125,545 | €113,045 | -€12,500 | -10.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €84,750 | €72,250 | -€12,500 | -14.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €82,890 | €70,390 | -€12,500 | -15.1% |
| Profit (loss) carried forward | 14 | €28,396 | €28,396 | = | 0.0% |
| Amounts payable | 17/49 | €75,802 | €95,519 | +€19,717 | +26.0% |
| Amounts payable after more than one year | 17 | €19,895 | €11,759 | -€8,136 | -40.9% |
| Financial debts | 170/4 | €19,895 | €11,759 | -€8,136 | -40.9% |
| Amounts payable within one year | 42/48 | €53,904 | €83,059 | +€29,155 | +54.1% |
| Current portion of amounts payable after more than one year | 42 | €8,002 | €8,136 | +€134 | +1.7% |
| Trade debts | 44 | €9,526 | €6,201 | -€3,326 | -34.9% |
| Suppliers | 440/4 | €9,526 | €6,201 | -€3,326 | -34.9% |
| Taxes, remuneration and social security | 45 | €6,150 | €7,013 | +€863 | +14.0% |
| Taxes | 450/3 | €6,150 | €7,013 | +€863 | +14.0% |
| Other amounts payable | 47/48 | €30,225 | €61,709 | +€31,484 | +104.2% |
| Accrued charges and deferred income | 492/3 | €2,003 | €700 | -€1,302 | -65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,861 | €16,755 | +€894 | +5.6% |
| Other operating charges | 640/8 | €511 | €673 | +€162 | +31.7% |
| Gross operating margin | 9900 | €43,832 | €73,810 | +€29,978 | +68.4% |
| Operating profit (loss) | 9901 | €27,460 | €56,382 | +€28,922 | +105.3% |
| Financial charges | 65/66B | €605 | €769 | +€164 | +27.0% |
| Recurring financial charges | 65 | €605 | €769 | +€164 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €26,855 | €55,613 | +€28,759 | +107.1% |
| Income taxes | 67/77 | €5,687 | €11,599 | +€5,912 | +103.9% |
| Profit (loss) for the period | 9904 | €21,168 | €44,015 | +€22,847 | +107.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,168 | €44,015 | +€22,847 | +107.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.