STIBET: 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.
STIBET
Largest movements
- Tangible fixed assets -€11,195
down €11,195 (-79.2%), from €14,143 to €2,948
of which Furniture and vehicles: -€13,581
- Current investments +€8,280
up €8,280 (+13.8%), from €60,000 to €68,280
- Cash +€5,747
up €5,747 (+108.4%), from €5,302 to €11,049
mainly Net result for the year (+€25,761) and Investment in fixed assets (net) (+€10,887)
- Receivables within one year +€1,753
up €1,753 (+21.4%), from €8,208 to €9,961
- Profit (loss) carried forward +€25,761
new in 2025: €25,761
- Current portion of long-term debt -€14,995
no longer reported in 2025 (was €14,995)
- Tax, wage and social debts -€4,301
down €4,301 (-25.5%), from €16,872 to €12,571
- Other debts -€1,943
down €1,943 (-25.0%), from €7,783 to €5,840
- Gross operating margin -€14,277
down €14,277 (-28.5%), from €50,124 to €35,847
- Depreciation -€9,354
down €9,354 (-96.8%), from €9,663 to €308
- Taxes -€3,929
down €3,929 (-33.3%), from €11,812 to €7,882
- Financial charges +€1,587
up €1,587 (+778.5%), from €204 to €1,791
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 | €88,819 | €92,788 | +€3,968 | +4.5% |
| Fixed assets | 21/28 | €14,143 | €2,948 | -€11,195 | -79.2% |
| Tangible fixed assets | 22/27 | €14,143 | €2,948 | -€11,195 | -79.2% |
| Plant, machinery and equipment | 23 | €562 | €2,398 | +€1,836 | +326.7% |
| Furniture and vehicles | 24 | €13,581 | - | -€13,581 | |
| Assets under construction and advance payments | 27 | - | €550 | +€550 | |
| Current assets | 29/58 | €74,676 | €89,840 | +€15,164 | +20.3% |
| Amounts receivable within one year | 40/41 | €8,208 | €9,961 | +€1,753 | +21.4% |
| Trade receivables | 40 | €8,208 | €9,961 | +€1,753 | +21.4% |
| Current investments | 50/53 | €60,000 | €68,280 | +€8,280 | +13.8% |
| Cash at bank and in hand | 54/58 | €5,302 | €11,049 | +€5,747 | +108.4% |
| Deferred charges and accrued income | 490/1 | €1,166 | €550 | -€616 | -52.8% |
| Total equity and liabilities | 10/49 | €88,819 | €92,788 | +€3,968 | +4.5% |
| Equity | 10/15 | €48,531 | €74,292 | +€25,761 | +53.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €48,431 | €48,431 | = | 0.0% |
| Distributable reserves | 133 | €48,431 | €48,431 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €25,761 | +€25,761 | |
| Amounts payable | 17/49 | €40,289 | €18,496 | -€21,793 | -54.1% |
| Amounts payable within one year | 42/48 | €40,289 | €18,496 | -€21,793 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €14,995 | - | -€14,995 | |
| Trade debts | 44 | €639 | €85 | -€554 | -86.7% |
| Suppliers | 440/4 | €639 | €85 | -€554 | -86.7% |
| Taxes, remuneration and social security | 45 | €16,872 | €12,571 | -€4,301 | -25.5% |
| Taxes | 450/3 | €16,872 | €12,571 | -€4,301 | -25.5% |
| Other amounts payable | 47/48 | €7,783 | €5,840 | -€1,943 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,663 | €308 | -€9,354 | -96.8% |
| Other operating charges | 640/8 | €132 | €318 | +€186 | +140.8% |
| Gross operating margin | 9900 | €50,124 | €35,847 | -€14,277 | -28.5% |
| Operating profit (loss) | 9901 | €40,329 | €35,220 | -€5,109 | -12.7% |
| Financial income | 75/76B | €373 | €215 | -€158 | -42.3% |
| Recurring financial income | 75 | €373 | €215 | -€158 | -42.3% |
| Financial charges | 65/66B | €204 | €1,791 | +€1,587 | +778.5% |
| Recurring financial charges | 65 | €204 | €1,791 | +€1,587 | +778.5% |
| Profit (loss) for the period before taxes | 9903 | €40,498 | €33,644 | -€6,854 | -16.9% |
| Income taxes | 67/77 | €11,812 | €7,882 | -€3,929 | -33.3% |
| Profit (loss) for the period | 9904 | €28,686 | €25,761 | -€2,925 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,686 | €25,761 | -€2,925 | -10.2% |
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 6 October 2026 via checked.be.