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 -€66,644
down €66,644 (-95.2%), from €70,027 to €3,383
mainly Contributions, distributions and other (-€140,000) and Debts after one year (-€54,229)
- Receivables within one year +€25,668
up €25,668 (+111.5%), from €23,023 to €48,690
of which Trade receivables: +€26,472
- Tangible fixed assets -€16,544
down €16,544 (-24.4%), from €67,905 to €51,361
- Reserves -€77,298
down €77,298 (-53.9%), from €143,288 to €65,990
of which Distributable reserves: -€77,298
- Other debts +€72,584
up €72,584 (+143.7%), from €50,522 to €123,106
- Debts after one year -€54,229
down €54,229 (-8.0%), from €679,479 to €625,250
- Accrued charges and deferred income -€12,726
down €12,726 (-30.8%), from €41,265 to €28,540
- Financial income +€14,536
up €14,536 (+57.1%), from €25,464 to €40,000
- Gross operating margin +€11,737
up €11,737 (+9.4%), from €124,780 to €136,517
- Staff costs +€8,110
up €8,110 (+50.7%), from €15,992 to €24,102
- Taxes +€5,720
up €5,720 (+39.3%), from €14,570 to €20,290
- Financial charges -€2,068
down €2,068 (-4.1%), from €50,557 to €48,489
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 | €974,373 | €916,135 | -€58,239 | -6.0% |
| Fixed assets | 21/28 | €68,325 | €51,861 | -€16,464 | -24.1% |
| Tangible fixed assets | 22/27 | €67,905 | €51,361 | -€16,544 | -24.4% |
| Furniture and vehicles | 24 | €67,905 | €51,361 | -€16,544 | -24.4% |
| Financial fixed assets | 28 | €420 | €500 | +€80 | +19.0% |
| Current assets | 29/58 | €906,048 | €864,273 | -€41,775 | -4.6% |
| Amounts receivable after more than one year | 29 | €801,000 | €801,000 | = | 0.0% |
| Other amounts receivable | 291 | €801,000 | €801,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,023 | €48,690 | +€25,668 | +111.5% |
| Trade receivables | 40 | €17,593 | €44,064 | +€26,472 | +150.5% |
| Other amounts receivable | 41 | €5,430 | €4,626 | -€804 | -14.8% |
| Current investments | 50/53 | €1,800 | €1,200 | -€600 | -33.3% |
| Cash at bank and in hand | 54/58 | €70,027 | €3,383 | -€66,644 | -95.2% |
| Deferred charges and accrued income | 490/1 | €10,199 | €10,000 | -€199 | -1.9% |
| Total equity and liabilities | 10/49 | €974,373 | €916,135 | -€58,239 | -6.0% |
| Equity | 10/15 | €161,888 | €84,590 | -€77,298 | -47.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €143,288 | €65,990 | -€77,298 | -53.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €143,288 | €65,990 | -€77,298 | -53.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €812,485 | €831,544 | +€19,059 | +2.3% |
| Amounts payable after more than one year | 17 | €679,479 | €625,250 | -€54,229 | -8.0% |
| Financial debts | 170/4 | €679,479 | €625,250 | -€54,229 | -8.0% |
| Amounts payable within one year | 42/48 | €91,741 | €177,755 | +€86,013 | +93.8% |
| Current portion of amounts payable after more than one year | 42 | €27,986 | €29,229 | +€1,243 | +4.4% |
| Trade debts | 44 | €745 | €3,789 | +€3,044 | +408.5% |
| Suppliers | 440/4 | €745 | €3,789 | +€3,044 | +408.5% |
| Taxes, remuneration and social security | 45 | €12,488 | €21,631 | +€9,143 | +73.2% |
| Taxes | 450/3 | €12,488 | €13,925 | +€1,436 | +11.5% |
| Remuneration and social security | 454/9 | - | €7,707 | +€7,707 | |
| Other amounts payable | 47/48 | €50,522 | €123,106 | +€72,584 | +143.7% |
| Accrued charges and deferred income | 492/3 | €41,265 | €28,540 | -€12,726 | -30.8% |
| Remuneration, social security and pensions | 62 | €15,992 | €24,102 | +€8,110 | +50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,915 | €18,543 | +€628 | +3.5% |
| Other operating charges | 640/8 | €2,497 | €2,391 | -€107 | -4.3% |
| Gross operating margin | 9900 | €124,780 | €136,517 | +€11,737 | +9.4% |
| Operating profit (loss) | 9901 | €88,376 | €91,481 | +€3,106 | +3.5% |
| Financial income | 75/76B | €25,464 | €40,000 | +€14,536 | +57.1% |
| Recurring financial income | 75 | €25,464 | €40,000 | +€14,536 | +57.1% |
| Financial charges | 65/66B | €50,557 | €48,489 | -€2,068 | -4.1% |
| Recurring financial charges | 65 | €50,557 | €48,489 | -€2,068 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €63,283 | €82,992 | +€19,709 | +31.1% |
| Income taxes | 67/77 | €14,570 | €20,290 | +€5,720 | +39.3% |
| Profit (loss) for the period | 9904 | €48,713 | €62,702 | +€13,989 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,713 | €62,702 | +€13,989 | +28.7% |
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.