El Stini: 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.
El Stini
Largest movements
- Receivables within one year -€50,924
down €50,924 (-92.9%), from €54,844 to €3,919
of which Trade receivables: -€54,450
- Cash +€45,144
up €45,144 (+439%), from €10,279 to €55,423
mainly Net result for the year (+€107,768) and Receivables within one year (+€50,924)
- Tangible fixed assets -€4,290
down €4,290 (-20.5%), from €20,958 to €16,668
of which Furniture and vehicles: -€2,516
- Deferred charges and accrued income -€3,471
down €3,471 (-58.0%), from €5,986 to €2,514
- Profit (loss) carried forward -€15,732
down €15,732 (-24.7%), from €63,696 to €47,964
- Tax, wage and social debts +€3,616
up €3,616 (+25.2%), from €14,345 to €17,960
- Trade debts -€2,589
down €2,589 (-44.6%), from €5,810 to €3,221
- Other debts +€1,683
up €1,683 (+32.9%), from €5,116 to €6,800
- Gross operating margin +€9,384
up €9,384 (+6.8%), from €138,378 to €147,763
- Taxes +€1,868
up €1,868 (+6.3%), from €29,606 to €31,474
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 | €92,066 | €79,045 | -€13,021 | -14.1% |
| Fixed assets | 21/28 | €20,958 | €17,188 | -€3,770 | -18.0% |
| Tangible fixed assets | 22/27 | €20,958 | €16,668 | -€4,290 | -20.5% |
| Furniture and vehicles | 24 | €7,923 | €5,407 | -€2,516 | -31.8% |
| Other tangible fixed assets | 26 | €13,035 | €11,261 | -€1,774 | -13.6% |
| Financial fixed assets | 28 | - | €520 | +€520 | |
| Current assets | 29/58 | €71,109 | €61,857 | -€9,252 | -13.0% |
| Amounts receivable within one year | 40/41 | €54,844 | €3,919 | -€50,924 | -92.9% |
| Trade receivables | 40 | €54,450 | - | -€54,450 | |
| Other amounts receivable | 41 | €394 | €3,919 | +€3,526 | +895% |
| Cash at bank and in hand | 54/58 | €10,279 | €55,423 | +€45,144 | +439% |
| Deferred charges and accrued income | 490/1 | €5,986 | €2,514 | -€3,471 | -58.0% |
| Total equity and liabilities | 10/49 | €92,066 | €79,045 | -€13,021 | -14.1% |
| Equity | 10/15 | €66,796 | €51,064 | -€15,732 | -23.6% |
| Contributions | 10/11 | €3,100 | €3,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,696 | €47,964 | -€15,732 | -24.7% |
| Amounts payable | 17/49 | €25,271 | €27,981 | +€2,710 | +10.7% |
| Amounts payable within one year | 42/48 | €25,271 | €27,981 | +€2,710 | +10.7% |
| Trade debts | 44 | €5,810 | €3,221 | -€2,589 | -44.6% |
| Suppliers | 440/4 | €5,810 | €3,221 | -€2,589 | -44.6% |
| Taxes, remuneration and social security | 45 | €14,345 | €17,960 | +€3,616 | +25.2% |
| Taxes | 450/3 | €14,345 | €17,960 | +€3,616 | +25.2% |
| Other amounts payable | 47/48 | €5,116 | €6,800 | +€1,683 | +32.9% |
| Remuneration, social security and pensions | 62 | - | €982 | +€982 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,687 | €7,006 | +€318 | +4.8% |
| Other operating charges | 640/8 | €762 | €383 | -€378 | -49.7% |
| Gross operating margin | 9900 | €138,378 | €147,763 | +€9,384 | +6.8% |
| Operating profit (loss) | 9901 | €130,929 | €139,392 | +€8,462 | +6.5% |
| Financial income | 75/76B | €1 | €0 | -€0 | -42.3% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -42.3% |
| Financial charges | 65/66B | €128 | €149 | +€21 | +16.4% |
| Recurring financial charges | 65 | €128 | €149 | +€21 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €130,802 | €139,243 | +€8,441 | +6.5% |
| Income taxes | 67/77 | €29,606 | €31,474 | +€1,868 | +6.3% |
| Profit (loss) for the period | 9904 | €101,196 | €107,768 | +€6,573 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €101,196 | €107,768 | +€6,573 | +6.5% |
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 16 October 2026 via checked.be.