Le Stift: 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.
Le Stift
Largest movements
- Cash -€7,249
down €7,249 (-38.1%), from €19,016 to €11,767
mainly Net result for the year (-€40,640) and Debts after one year (-€4,609)
- Tangible fixed assets -€6,230
down €6,230 (-15.3%), from €40,824 to €34,594
of which Land and buildings: -€4,500
- Receivables within one year -€3,687
down €3,687 (-51.4%), from €7,176 to €3,489
of which Trade receivables: -€3,687
- Profit (loss) carried forward -€40,640
down €40,640 (-72.0%), from -€56,482 to -€97,122
- Other debts +€29,641
up €29,641 (+87.5%), from €33,866 to €63,506
- Debts after one year -€4,609
down €4,609 (-12.1%), from €38,123 to €33,514
- Trade debts -€2,171
down €2,171 (-26.7%), from €8,127 to €5,956
- Tax, wage and social debts +€1,098
up €1,098 (+90.1%), from €1,218 to €2,316
- Depreciation -€5,375
down €5,375 (-43.5%), from €12,351 to €6,976
- Gross operating margin -€1,179
down €1,179 (-3.9%), from -€29,846 to -€31,025
- Staff costs -€436
down €436 (-87.7%), from €497 to €61
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 | €74,917 | €57,199 | -€17,718 | -23.6% |
| Fixed assets | 21/28 | €42,336 | €35,360 | -€6,976 | -16.5% |
| Intangible fixed assets | 21 | €1,511 | €766 | -€745 | -49.3% |
| Tangible fixed assets | 22/27 | €40,824 | €34,594 | -€6,230 | -15.3% |
| Land and buildings | 22 | €36,375 | €31,875 | -€4,500 | -12.4% |
| Furniture and vehicles | 24 | €3,906 | €2,625 | -€1,280 | -32.8% |
| Other tangible fixed assets | 26 | €544 | €94 | -€450 | -82.8% |
| Current assets | 29/58 | €32,581 | €21,839 | -€10,742 | -33.0% |
| Stocks and contracts in progress | 3 | €343 | €235 | -€109 | -31.7% |
| Stocks | 30/36 | €343 | €235 | -€109 | -31.7% |
| Amounts receivable within one year | 40/41 | €7,176 | €3,489 | -€3,687 | -51.4% |
| Trade receivables | 40 | €7,172 | €3,485 | -€3,687 | -51.4% |
| Other amounts receivable | 41 | €4 | €4 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,016 | €11,767 | -€7,249 | -38.1% |
| Deferred charges and accrued income | 490/1 | €6,046 | €6,349 | +€303 | +5.0% |
| Total equity and liabilities | 10/49 | €74,917 | €57,199 | -€17,718 | -23.6% |
| Equity | 10/15 | -€12,702 | -€53,342 | -€40,640 | -320.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,580 | €37,580 | = | 0.0% |
| Distributable reserves | 133 | €37,580 | €37,580 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,482 | -€97,122 | -€40,640 | -72.0% |
| Amounts payable | 17/49 | €87,619 | €110,541 | +€22,923 | +26.2% |
| Amounts payable after more than one year | 17 | €38,123 | €33,514 | -€4,609 | -12.1% |
| Financial debts | 170/4 | €38,123 | €33,514 | -€4,609 | -12.1% |
| Amounts payable within one year | 42/48 | €47,942 | €76,520 | +€28,578 | +59.6% |
| Current portion of amounts payable after more than one year | 42 | €4,731 | €4,743 | +€11 | +0.2% |
| Trade debts | 44 | €8,127 | €5,956 | -€2,171 | -26.7% |
| Suppliers | 440/4 | €8,127 | €5,956 | -€2,171 | -26.7% |
| Taxes, remuneration and social security | 45 | €1,218 | €2,316 | +€1,098 | +90.1% |
| Taxes | 450/3 | €1,218 | €2,316 | +€1,098 | +90.1% |
| Other amounts payable | 47/48 | €33,866 | €63,506 | +€29,641 | +87.5% |
| Accrued charges and deferred income | 492/3 | €1,554 | €508 | -€1,046 | -67.3% |
| Non-recurring operating income | 76A | €6,777 | - | -€6,777 | |
| Remuneration, social security and pensions | 62 | €497 | €61 | -€436 | -87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,351 | €6,976 | -€5,375 | -43.5% |
| Other operating charges | 640/8 | €947 | €642 | -€305 | -32.2% |
| Gross operating margin | 9900 | -€29,846 | -€31,025 | -€1,179 | -3.9% |
| Operating profit (loss) | 9901 | -€43,641 | -€38,704 | +€4,937 | +11.3% |
| Financial charges | 65/66B | €1,483 | €1,640 | +€157 | +10.6% |
| Recurring financial charges | 65 | €1,483 | €1,640 | +€157 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | -€45,124 | -€40,345 | +€4,780 | +10.6% |
| Income taxes | 67/77 | €303 | €296 | -€7 | -2.3% |
| Profit (loss) for the period | 9904 | -€45,427 | -€40,640 | +€4,787 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,427 | -€40,640 | +€4,787 | +10.5% |
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 2 October 2026 via checked.be.