STIALTRA: 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.
STIALTRA
Largest movements
- Cash +€76,819
up €76,819 (+118%), from €65,050 to €141,869
mainly Current investments (+€60,000) and Receivables within one year (+€8,213)
- Current investments -€60,000
down €60,000 (-100%), from €60,000 to €0
- Receivables within one year -€8,213
down €8,213 (-13.1%), from €62,745 to €54,533
of which Trade receivables: -€8,597
- Tangible fixed assets -€7,643
down €7,643 (-24.0%), from €31,835 to €24,192
of which Furniture and vehicles: -€7,169
- Other debts -€2,380
down €2,380 (-19.1%), from €12,492 to €10,112
- Depreciation +€1,893
up €1,893 (+32.9%), from €5,751 to €7,643
- Other operating charges +€1,496
up €1,496 (+11.9%), from €12,593 to €14,089
- Financial income +€1,470
up €1,470 (+1,855%), from €79 to €1,549
- Gross operating margin +€1,409
up €1,409 (+5.5%), from €25,796 to €27,205
- Financial charges -€402
down €402 (-10.0%), from €4,015 to €3,612
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 | €220,448 | €221,511 | +€1,062 | +0.5% |
| Fixed assets | 21/28 | €31,835 | €24,192 | -€7,643 | -24.0% |
| Tangible fixed assets | 22/27 | €31,835 | €24,192 | -€7,643 | -24.0% |
| Plant, machinery and equipment | 23 | €440 | €80 | -€360 | -81.8% |
| Furniture and vehicles | 24 | €31,281 | €24,112 | -€7,169 | -22.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €114 | €0 | -€114 | -100.0% |
| Current assets | 29/58 | €188,613 | €197,319 | +€8,705 | +4.6% |
| Amounts receivable within one year | 40/41 | €62,745 | €54,533 | -€8,213 | -13.1% |
| Trade receivables | 40 | €58,109 | €49,513 | -€8,597 | -14.8% |
| Other amounts receivable | 41 | €4,636 | €5,020 | +€384 | +8.3% |
| Current investments | 50/53 | €60,000 | €0 | -€60,000 | -100% |
| Cash at bank and in hand | 54/58 | €65,050 | €141,869 | +€76,819 | +118% |
| Deferred charges and accrued income | 490/1 | €819 | €917 | +€99 | +12.1% |
| Total equity and liabilities | 10/49 | €220,448 | €221,511 | +€1,062 | +0.5% |
| Equity | 10/15 | €157,448 | €158,851 | +€1,402 | +0.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €137,448 | €138,851 | +€1,402 | +1.0% |
| Distributable reserves | 133 | €137,448 | €138,851 | +€1,402 | +1.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €63,000 | €62,660 | -€340 | -0.5% |
| Amounts payable after more than one year | 17 | €34,500 | €34,500 | = | 0.0% |
| Financial debts | 170/4 | €34,500 | €34,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,405 | €25,842 | -€563 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €8,646 | €10,242 | +€1,596 | +18.5% |
| Suppliers | 440/4 | €8,646 | €10,242 | +€1,596 | +18.5% |
| Taxes, remuneration and social security | 45 | €5,267 | €5,488 | +€221 | +4.2% |
| Taxes | 450/3 | €5,267 | €5,488 | +€221 | +4.2% |
| Other amounts payable | 47/48 | €12,492 | €10,112 | -€2,380 | -19.1% |
| Accrued charges and deferred income | 492/3 | €2,095 | €2,318 | +€223 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,751 | €7,643 | +€1,893 | +32.9% |
| Other operating charges | 640/8 | €12,593 | €14,089 | +€1,496 | +11.9% |
| Gross operating margin | 9900 | €25,796 | €27,205 | +€1,409 | +5.5% |
| Operating profit (loss) | 9901 | €7,452 | €5,473 | -€1,979 | -26.6% |
| Financial income | 75/76B | €79 | €1,549 | +€1,470 | +1,855% |
| Recurring financial income | 75 | €79 | €1,549 | +€1,470 | +1,855% |
| Financial charges | 65/66B | €4,015 | €3,612 | -€402 | -10.0% |
| Recurring financial charges | 65 | €4,015 | €3,612 | -€402 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €3,517 | €3,410 | -€107 | -3.0% |
| Income taxes | 67/77 | €1,951 | €2,008 | +€57 | +2.9% |
| Profit (loss) for the period | 9904 | €1,566 | €1,402 | -€164 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,566 | €1,402 | -€164 | -10.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.