StiBi: 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.
StiBi
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+344.6%), from €455,135 to €2.0m
- Cash -€72,632
down €72,632 (-65.1%), from €111,641 to €39,008
mainly Investment in fixed assets (net) (-€1.6m) and Contributions, distributions and other (-€18,441)
- Debts after one year +€1.4m
up €1.4m (+208.1%), from €669,246 to €2.1m
of which Financial debts: +€1.3m
- Current portion of long-term debt +€79,506
up €79,506 (+1644.5%), from €4,835 to €84,341
- Gross operating margin +€66,997
up €66,997 (+85.2%), from €78,617 to €145,614
- Depreciation +€59,021
new in 2025: €59,021
- Financial charges +€25,818
up €25,818 (+71.3%), from €36,220 to €62,039
- Taxes -€8,130
down €8,130 (-79.1%), from €10,279 to €2,149
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 | €1,077,996 | €2,583,981 | +€1.5m | +139.7% |
| Fixed assets | 21/28 | €964,735 | €2,532,955 | +€1.6m | +162.6% |
| Tangible fixed assets | 22/27 | €455,135 | €2,023,355 | +€1.6m | +344.6% |
| Land and buildings | 22 | €455,135 | €2,023,355 | +€1.6m | +344.6% |
| Financial fixed assets | 28 | €509,600 | €509,600 | = | 0.0% |
| Current assets | 29/58 | €113,261 | €51,026 | -€62,235 | -54.9% |
| Amounts receivable within one year | 40/41 | €11 | €9,956 | +€9,945 | +94176.0% |
| Other amounts receivable | 41 | €11 | €9,956 | +€9,945 | +94176.0% |
| Cash at bank and in hand | 54/58 | €111,641 | €39,008 | -€72,632 | -65.1% |
| Deferred charges and accrued income | 490/1 | €1,610 | €2,062 | +€452 | +28.1% |
| Total equity and liabilities | 10/49 | €1,077,996 | €2,583,981 | +€1.5m | +139.7% |
| Equity | 10/15 | €381,924 | €384,415 | +€2,491 | +0.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €331,924 | €334,415 | +€2,491 | +0.8% |
| Distributable reserves | 133 | €331,924 | €334,415 | +€2,491 | +0.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €696,072 | €2,199,566 | +€1.5m | +216.0% |
| Amounts payable after more than one year | 17 | €669,246 | €2,061,931 | +€1.4m | +208.1% |
| Financial debts | 170/4 | €549,552 | €1,847,067 | +€1.3m | +236.1% |
| Other amounts payable | 178/9 | €119,693 | €214,863 | +€95,170 | +79.5% |
| Amounts payable within one year | 42/48 | €26,826 | €137,635 | +€110,809 | +413.1% |
| Current portion of amounts payable after more than one year | 42 | €4,835 | €84,341 | +€79,506 | +1644.5% |
| Financial debts | 43 | €5,886 | €2,530 | -€3,357 | -57.0% |
| Credit institutions | 430/8 | - | €2,530 | +€2,530 | |
| Other loans | 439 | €5,886 | €0 | -€5,886 | -100.0% |
| Trade debts | 44 | €15 | €25,819 | +€25,804 | +173183.0% |
| Suppliers | 440/4 | €15 | €25,819 | +€25,804 | +173183.0% |
| Taxes, remuneration and social security | 45 | €9,672 | €18,464 | +€8,791 | +90.9% |
| Taxes | 450/3 | €9,672 | €16,464 | +€6,791 | +70.2% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €6,418 | €6,482 | +€64 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €59,021 | +€59,021 | |
| Other operating charges | 640/8 | €1,539 | €1,473 | -€67 | -4.3% |
| Gross operating margin | 9900 | €78,617 | €145,614 | +€66,997 | +85.2% |
| Operating profit (loss) | 9901 | €77,078 | €85,120 | +€8,043 | +10.4% |
| Financial income | 75/76B | €9 | €0 | -€9 | -100.0% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -100.0% |
| Financial charges | 65/66B | €36,220 | €62,039 | +€25,818 | +71.3% |
| Recurring financial charges | 65 | €36,220 | €62,039 | +€25,818 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | €40,866 | €23,081 | -€17,785 | -43.5% |
| Income taxes | 67/77 | €10,279 | €2,149 | -€8,130 | -79.1% |
| Profit (loss) for the period | 9904 | €30,587 | €20,932 | -€9,655 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,587 | €20,932 | -€9,655 | -31.6% |
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 7 October 2026 via checked.be.