STIBO: 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.
STIBO
Largest movements
- Cash +€50,304
up €50,304 (+197.3%), from €25,497 to €75,801
mainly Depreciation (+€103,372) and Other debts (+€41,481)
- Tangible fixed assets +€27,666
up €27,666 (+7.0%), from €396,990 to €424,656
of which Furniture and vehicles: +€85,117
- Other debts +€41,481
up €41,481 (+58.0%), from €71,541 to €113,021
- Tax, wage and social debts +€40,350
up €40,350 (+35.3%), from €114,255 to €154,604
of which Remuneration and social security: +€27,112
- Profit (loss) carried forward -€13,960
new in 2025: -€13,960
- Debts after one year +€12,083
up €12,083 (+60.4%), from €20,000 to €32,083
- Gross operating margin -€44,550
down €44,550 (-5.0%), from €887,039 to €842,489
- Staff costs +€33,129
up €33,129 (+4.7%), from €708,369 to €741,498
- Taxes -€21,849
down €21,849 (-97.6%), from €22,384 to €536
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 | €744,048 | €827,413 | +€83,365 | +11.2% |
| Fixed assets | 21/28 | €396,990 | €424,656 | +€27,666 | +7.0% |
| Tangible fixed assets | 22/27 | €396,990 | €424,656 | +€27,666 | +7.0% |
| Land and buildings | 22 | €32,657 | €39,381 | +€6,725 | +20.6% |
| Plant, machinery and equipment | 23 | €205,557 | €163,962 | -€41,596 | -20.2% |
| Furniture and vehicles | 24 | €45,429 | €130,546 | +€85,117 | +187.4% |
| Leasing and similar rights | 25 | €113,347 | €90,767 | -€22,579 | -19.9% |
| Current assets | 29/58 | €347,058 | €402,757 | +€55,699 | +16.0% |
| Amounts receivable within one year | 40/41 | €301,412 | €304,988 | +€3,576 | +1.2% |
| Trade receivables | 40 | €300,938 | €304,573 | +€3,635 | +1.2% |
| Other amounts receivable | 41 | €474 | €415 | -€59 | -12.4% |
| Cash at bank and in hand | 54/58 | €25,497 | €75,801 | +€50,304 | +197.3% |
| Deferred charges and accrued income | 490/1 | €20,150 | €21,968 | +€1,818 | +9.0% |
| Total equity and liabilities | 10/49 | €744,048 | €827,413 | +€83,365 | +11.2% |
| Equity | 10/15 | €231,666 | €217,650 | -€14,016 | -6.1% |
| Contributions | 10/11 | €72,000 | €72,000 | = | 0.0% |
| Capital | 10 | €72,000 | €72,000 | = | 0.0% |
| Issued capital | 100 | €72,000 | €72,000 | = | 0.0% |
| Reserves | 13 | €159,666 | €159,610 | -€56 | 0.0% |
| Non-distributable reserves | 130/1 | €7,960 | €7,960 | = | 0.0% |
| Legal reserve | 130 | €7,960 | €7,960 | = | 0.0% |
| Tax-exempt reserves | 132 | €559 | €503 | -€56 | -10.0% |
| Distributable reserves | 133 | €151,147 | €151,147 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€13,960 | -€13,960 | |
| Provisions and deferred taxes | 16 | €186 | €167 | -€19 | -10.0% |
| Deferred taxes | 168 | €186 | €167 | -€19 | -10.0% |
| Amounts payable | 17/49 | €512,196 | €609,596 | +€97,400 | +19.0% |
| Amounts payable after more than one year | 17 | €20,000 | €32,083 | +€12,083 | +60.4% |
| Financial debts | 170/4 | €20,000 | €32,083 | +€12,083 | +60.4% |
| Amounts payable within one year | 42/48 | €492,196 | €577,513 | +€85,317 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €77,632 | €75,000 | -€2,632 | -3.4% |
| Trade debts | 44 | €228,769 | €234,888 | +€6,119 | +2.7% |
| Suppliers | 440/4 | €228,769 | €234,888 | +€6,119 | +2.7% |
| Taxes, remuneration and social security | 45 | €114,255 | €154,604 | +€40,350 | +35.3% |
| Taxes | 450/3 | €95,204 | €108,442 | +€13,238 | +13.9% |
| Remuneration and social security | 454/9 | €19,051 | €46,163 | +€27,112 | +142.3% |
| Other amounts payable | 47/48 | €71,541 | €113,021 | +€41,481 | +58.0% |
| Non-recurring operating income | 76A | €3,000 | €4,807 | +€1,807 | +60.2% |
| Remuneration, social security and pensions | 62 | €708,369 | €741,498 | +€33,129 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,030 | €103,372 | -€658 | -0.6% |
| Other operating charges | 640/8 | €9,684 | €8,080 | -€1,604 | -16.6% |
| Non-recurring operating charges | 66A | €1,308 | €203 | -€1,105 | -84.5% |
| Gross operating margin | 9900 | €887,039 | €842,489 | -€44,550 | -5.0% |
| Operating profit (loss) | 9901 | €63,647 | -€10,665 | -€74,312 | |
| Financial income | 75/76B | €220 | €656 | +€436 | +198.2% |
| Recurring financial income | 75 | €220 | €656 | +€436 | +198.2% |
| Financial charges | 65/66B | €3,867 | €3,491 | -€376 | -9.7% |
| Recurring financial charges | 65 | €3,867 | €3,491 | -€376 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €60,000 | -€13,499 | -€73,500 | |
| Transfer from deferred taxes | 780 | €19 | €19 | = | 0.0% |
| Income taxes | 67/77 | €22,384 | €536 | -€21,849 | -97.6% |
| Profit (loss) for the period | 9904 | €37,635 | -€14,016 | -€51,651 | |
| Transfer from tax-exempt reserves | 789 | €56 | €56 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,691 | -€13,960 | -€51,651 |
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 4 October 2026 via checked.be.