STIBBE: 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.
What changed
STIBBE
NACE 69.109, Other legal services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€23.1m
2024 · €20.7m+€2.4m
Equity
€2.3m
2024 · €2.6m-€330,000
Cash
€1.7m
2024 · €711,884+€959,217
Balance sheet total
€37.9m
2024 · €34.8m+€3.2m
Largest movements
Assets
- Stocks and contracts +€1.3m
up €1.3m (+23.1%), from €5.7m to €7.0m
- Cash +€959,217
up €959,217 (+134.7%), from €711,884 to €1.7m
mainly Net result for the year (+€23.1m) and Short-term financial debts (+€2.0m)
- Receivables within one year +€881,004
up €881,004 (+3.7%), from €23.8m to €24.6m
of which Trade receivables: +€624,669
Equity and liabilities
- Short-term financial debts +€2.0m
up €2.0m (+100.0%), from €2.0m to €4.0m
- Tax, wage and social debts +€1.6m
up €1.6m (+47.5%), from €3.4m to €5.0m
of which Remuneration and social security: +€1.6m
- Trade debts -€1.1m
down €1.1m (-45.9%), from €2.4m to €1.3m
- Other debts +€1.1m
up €1.1m (+4.5%), from €23.4m to €24.5m
Income statement
- Turnover +€6.0m
up €6.0m (+9.5%), from €62.9m to €68.9m
- Services and other goods +€3.0m
up €3.0m (+8.4%), from €35.9m to €38.9m
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.
Result 2024
€20.7m
Turnover
+€6.0m
Other operating income
+€554,873
Services and other goods
-€3.0m
Staff costs
-€441,407
Depreciation
-€34,571
Write-downs
+€101,527
Other operating charges
+€19,805
Other operating items
-€753,279
Financial income
-€12,666
Financial charges
+€33,373
Taxes
-€8,622
Result 2025
€23.1m
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.
From operations
+€22.9m
Investment
-€530,827
Financing
-€21.4m
Cash 2024
€711,884
From operations (derived)
+€22.9m
Net result for the year
+€23.1m
Depreciation
+€517,203
Stocks and contracts
-€1.3m
Receivables within one year
-€881,004
Deferred charges and accrued income
-€1,701
Trade debts
-€1.1m
Tax, wage and social debts
+€1.6m
Other debts
+€1.1m
Accrued charges and deferred income
-€78,590
Investment (derived)
-€530,827
Investment in fixed assets (net)
-€530,825
Current investments
-€2
Financing
-€21.4m
Short-term financial debts
+€2.0m
Contributions, distributions and other
-€23.4m
Cash 2025
€1.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,775,361 | €37,943,859 | +€3.2m | +9.1% |
| Fixed assets | 21/28 | €2,640,393 | €2,654,015 | +€13,622 | +0.5% |
| Tangible fixed assets | 22/27 | €1,889,043 | €2,016,665 | +€127,622 | +6.8% |
| Plant, machinery and equipment | 23 | €281,821 | €239,719 | -€42,102 | -14.9% |
| Furniture and vehicles | 24 | €17,361 | €10,922 | -€6,439 | -37.1% |
| Other tangible fixed assets | 26 | €1,589,861 | €1,766,024 | +€176,163 | +11.1% |
| Financial fixed assets | 28 | €751,350 | €637,350 | -€114,000 | -15.2% |
| Affiliated companies | 280/1 | €751,350 | €637,350 | -€114,000 | -15.2% |
| Participating interests | 280 | €6,250 | €6,250 | = | 0.0% |
| Amounts receivable | 281 | €745,100 | €631,100 | -€114,000 | -15.3% |
| Current assets | 29/58 | €32,134,968 | €35,289,844 | +€3.2m | +9.8% |
| Stocks and contracts in progress | 3 | €5,687,637 | €7,000,589 | +€1.3m | +23.1% |
| Contracts in progress | 37 | €5,687,637 | €7,000,589 | +€1.3m | +23.1% |
| Amounts receivable within one year | 40/41 | €23,766,537 | €24,647,541 | +€881,004 | +3.7% |
| Trade receivables | 40 | €19,648,157 | €20,272,825 | +€624,669 | +3.2% |
| Other amounts receivable | 41 | €4,118,380 | €4,374,715 | +€256,335 | +6.2% |
| Current investments | 50/53 | €786 | €788 | +€2 | +0.3% |
| Other investments | 51/53 | €786 | €788 | +€2 | +0.3% |
| Cash at bank and in hand | 54/58 | €711,884 | €1,671,101 | +€959,217 | +134.7% |
| Deferred charges and accrued income | 490/1 | €1,968,124 | €1,969,826 | +€1,701 | +0.1% |
| Total equity and liabilities | 10/49 | €34,775,361 | €37,943,859 | +€3.2m | +9.1% |
| Equity | 10/15 | €2,580,000 | €2,250,000 | -€330,000 | -12.8% |
| Contributions | 10/11 | €2,580,000 | €2,250,000 | -€330,000 | -12.8% |
| Amounts payable | 17/49 | €32,195,361 | €35,693,859 | +€3.5m | +10.9% |
| Amounts payable within one year | 42/48 | €31,235,275 | €34,812,362 | +€3.6m | +11.5% |
| Financial debts | 43 | €2,000,000 | €4,000,000 | +€2.0m | +100.0% |
| Credit institutions | 430/8 | €2,000,000 | €4,000,000 | +€2.0m | +100.0% |
| Trade debts | 44 | €2,384,171 | €1,289,436 | -€1.1m | -45.9% |
| Suppliers | 440/4 | €2,384,171 | €1,289,436 | -€1.1m | -45.9% |
| Taxes, remuneration and social security | 45 | €3,413,031 | €5,034,591 | +€1.6m | +47.5% |
| Taxes | 450/3 | €13,962 | €21,448 | +€7,486 | +53.6% |
| Remuneration and social security | 454/9 | €3,399,069 | €5,013,144 | +€1.6m | +47.5% |
| Other amounts payable | 47/48 | €23,438,073 | €24,488,336 | +€1.1m | +4.5% |
| Accrued charges and deferred income | 492/3 | €960,087 | €881,497 | -€78,590 | -8.2% |
| Operating income | 70/76A | €65,194,835 | €70,978,388 | +€5.8m | +8.9% |
| Turnover | 70 | €62,907,630 | €68,889,590 | +€6.0m | +9.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €2,010,217 | €1,312,952 | -€697,265 | -34.7% |
| Other operating income | 74 | €207,296 | €762,169 | +€554,873 | +267.7% |
| Non-recurring operating income | 76A | €69,692 | €13,678 | -€56,014 | -80.4% |
| Operating charges | 60/66A | €44,269,436 | €47,652,760 | +€3.4m | +7.6% |
| Services and other goods | 61 | €35,916,572 | €38,945,251 | +€3.0m | +8.4% |
| Remuneration, social security and pensions | 62 | €6,755,193 | €7,196,600 | +€441,407 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €482,632 | €517,203 | +€34,571 | +7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €429,923 | €328,396 | -€101,527 | -23.6% |
| Other operating charges | 640/8 | €685,115 | €665,310 | -€19,805 | -2.9% |
| Operating profit (loss) | 9901 | €20,925,399 | €23,325,628 | +€2.4m | +11.5% |
| Financial income | 75/76B | €136,496 | €123,831 | -€12,666 | -9.3% |
| Recurring financial income | 75 | €136,496 | €123,831 | -€12,666 | -9.3% |
| Income from financial fixed assets | 750 | €132,198 | €122,651 | -€9,548 | -7.2% |
| Other financial income | 752/9 | €4,298 | €1,180 | -€3,118 | -72.5% |
| Financial charges | 65/66B | €150,156 | €116,783 | -€33,373 | -22.2% |
| Recurring financial charges | 65 | €150,156 | €116,783 | -€33,373 | -22.2% |
| Debt charges | 650 | €27,546 | €2,820 | -€24,726 | -89.8% |
| Other financial charges | 652/9 | €122,610 | €113,963 | -€8,647 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €20,911,739 | €23,332,676 | +€2.4m | +11.6% |
| Income taxes | 67/77 | €216,080 | €224,702 | +€8,622 | +4.0% |
| Taxes | 670/3 | €216,080 | €224,702 | +€8,622 | +4.0% |
| Profit (loss) for the period | 9904 | €20,695,659 | €23,107,974 | +€2.4m | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,695,659 | €23,107,974 | +€2.4m | +11.7% |
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 9 October 2026 via checked.be.