DE STIP: what changed
Two fiscal 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.
DE STIP
Largest movements
- Stocks and contracts -€1.5m
down €1.5m (-47.9%), from €3.2m to €1.7m
- Current portion of long-term debt -€1.1m
down €1.1m (-68.7%), from €1.6m to €505,750
- Short-term financial debts -€140,885
no longer reported in 2025 (was €140,885)
- Other debts -€118,952
down €118,952 (-21.2%), from €560,680 to €441,728
- Tax, wage and social debts -€108,612
down €108,612 (-60.1%), from €180,841 to €72,229
- Financial charges +€119,676
up €119,676 (+37303.1%), from €321 to €119,997
- Gross operating margin +€85,360
up €85,360 (+906.4%), from €9,417 to €94,777
- Taxes +€2,097
up €2,097 (+95.7%), from €2,190 to €4,287
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 | €3,337,634 | €1,817,768 | -€1.5m | -45.5% |
| Current assets | 29/58 | €3,337,634 | €1,817,768 | -€1.5m | -45.5% |
| Stocks and contracts in progress | 3 | €3,172,329 | €1,652,065 | -€1.5m | -47.9% |
| Stocks | 30/36 | €3,172,329 | €1,652,065 | -€1.5m | -47.9% |
| Amounts receivable within one year | 40/41 | €5,976 | €500 | -€5,476 | -91.6% |
| Trade receivables | 40 | €1,746 | - | -€1,746 | |
| Other amounts receivable | 41 | €4,230 | €500 | -€3,730 | -88.2% |
| Cash at bank and in hand | 54/58 | €159,329 | €165,203 | +€5,873 | +3.7% |
| Total equity and liabilities | 10/49 | €3,337,634 | €1,817,768 | -€1.5m | -45.5% |
| Equity | 10/15 | €599,866 | €568,816 | -€31,050 | -5.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €499,000 | €468,816 | -€30,184 | -6.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,418 | €3,418 | = | 0.0% |
| Distributable reserves | 133 | €485,582 | €455,398 | -€30,184 | -6.2% |
| Profit (loss) carried forward | 14 | €866 | - | -€866 | |
| Amounts payable | 17/49 | €2,737,768 | €1,248,951 | -€1.5m | -54.4% |
| Amounts payable within one year | 42/48 | €2,721,881 | €1,231,101 | -€1.5m | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €1,613,250 | €505,750 | -€1.1m | -68.7% |
| Financial debts | 43 | €140,885 | - | -€140,885 | |
| Credit institutions | 430/8 | €140,885 | - | -€140,885 | |
| Trade debts | 44 | €226,225 | €211,394 | -€14,830 | -6.6% |
| Suppliers | 440/4 | €226,225 | €211,394 | -€14,830 | -6.6% |
| Taxes, remuneration and social security | 45 | €180,841 | €72,229 | -€108,612 | -60.1% |
| Taxes | 450/3 | €180,841 | €72,229 | -€108,612 | -60.1% |
| Other amounts payable | 47/48 | €560,680 | €441,728 | -€118,952 | -21.2% |
| Accrued charges and deferred income | 492/3 | €15,888 | €17,850 | +€1,962 | +12.4% |
| Other operating charges | 640/8 | €1,128 | €1,143 | +€15 | +1.3% |
| Non-recurring operating charges | 66A | - | €400 | +€400 | |
| Gross operating margin | 9900 | €9,417 | €94,777 | +€85,360 | +906.4% |
| Operating profit (loss) | 9901 | €8,289 | €93,234 | +€84,945 | +1024.7% |
| Financial income | 75/76B | €69 | - | -€69 | |
| Recurring financial income | 75 | €69 | - | -€69 | |
| Financial charges | 65/66B | €321 | €119,997 | +€119,676 | +37303.1% |
| Recurring financial charges | 65 | €321 | €119,997 | +€119,676 | +37303.1% |
| Profit (loss) for the period before taxes | 9903 | €8,038 | -€26,762 | -€34,800 | |
| Income taxes | 67/77 | €2,190 | €4,287 | +€2,097 | +95.7% |
| Profit (loss) for the period | 9904 | €5,847 | -€31,050 | -€36,897 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,847 | -€31,050 | -€36,897 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.