STICAPLAST: what changed
What changed
STICAPLAST
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€458,832
2024 · €427,380+€31,452
Equity
€2.6m
2024 · €2.3m+€328,832
Cash
€506,801
2024 · €1.0m-€521,312
Balance sheet total
€2.7m
2024 · €2.3m+€321,799
Largest movements
Assets
- Current investments +€770,773
up €770,773 (+152%), from €507,110 to €1.3m
- Cash -€521,312
down €521,312 (-50.7%), from €1.0m to €506,801
mainly Current investments (-€770,773) and Receivables after one year (-€430,000)
- Receivables after one year +€430,000
up €430,000, from €0 to €430,000
- Receivables within one year -€327,159
down €327,159 (-92.1%), from €355,269 to €28,110
of which Other amounts receivable: -€327,159
Equity and liabilities
- Reserves +€328,800
up €328,800 (+14.7%), from €2.2m to €2.6m
of which Distributable reserves: +€286,700
Income statement
- Gross operating margin +€385,207
up €385,207 (+154%), from €249,951 to €635,159
- Financial income -€244,838
down €244,838 (-85.4%), from €286,711 to €41,873
- Taxes +€97,644
up €97,644 (+94.8%), from €102,990 to €200,634
- Depreciation +€10,890
up €10,890 (+294%), from €3,710 to €14,600
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€427,380
Gross operating margin
+€385,207
Depreciation
-€10,890
Other operating charges
+€196
Financial income
-€244,838
Financial charges
-€580
Taxes
-€97,644
Result 2025
€458,832
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€379,461
Investment
-€770,773
Financing
-€130,000
Cash 2024
€1.0m
From operations (derived)
+€379,461
Net result for the year
+€458,832
Depreciation
+€14,600
Receivables after one year
-€430,000
Receivables within one year
+€327,159
Deferred charges and accrued income
+€15,903
Trade debts
-€1,807
Tax, wage and social debts
-€5,227
Investment (derived)
-€770,773
Current investments
-€770,773
Financing
-€130,000
Contributions, distributions and other
-€130,000
Cash 2025
€506,801
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,330,765 | €2,652,564 | +€321,799 | +13.8% |
| Fixed assets | 21/28 | €354,691 | €340,091 | -€14,600 | -4.1% |
| Tangible fixed assets | 22/27 | €54,691 | €40,091 | -€14,600 | -26.7% |
| Furniture and vehicles | 24 | €54,691 | €40,091 | -€14,600 | -26.7% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €1,976,075 | €2,312,474 | +€336,399 | +17.0% |
| Amounts receivable after more than one year | 29 | €0 | €430,000 | +€430,000 | |
| Other amounts receivable | 291 | €0 | €430,000 | +€430,000 | |
| Amounts receivable within one year | 40/41 | €355,269 | €28,110 | -€327,159 | -92.1% |
| Trade receivables | 40 | €24,200 | €24,200 | = | 0.0% |
| Other amounts receivable | 41 | €331,069 | €3,910 | -€327,159 | -98.8% |
| Current investments | 50/53 | €507,110 | €1,277,883 | +€770,773 | +152% |
| Cash at bank and in hand | 54/58 | €1,028,114 | €506,801 | -€521,312 | -50.7% |
| Deferred charges and accrued income | 490/1 | €85,582 | €69,679 | -€15,903 | -18.6% |
| Total equity and liabilities | 10/49 | €2,330,765 | €2,652,564 | +€321,799 | +13.8% |
| Equity | 10/15 | €2,273,009 | €2,601,842 | +€328,832 | +14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,233,610 | €2,562,410 | +€328,800 | +14.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €526,250 | €568,350 | +€42,100 | +8.0% |
| Distributable reserves | 133 | €1,707,360 | €1,994,060 | +€286,700 | +16.8% |
| Profit (loss) carried forward | 14 | €20,799 | €20,832 | +€32 | +0.2% |
| Amounts payable | 17/49 | €57,756 | €50,723 | -€7,034 | -12.2% |
| Amounts payable within one year | 42/48 | €57,756 | €50,723 | -€7,034 | -12.2% |
| Trade debts | 44 | €2,901 | €1,094 | -€1,807 | -62.3% |
| Suppliers | 440/4 | €2,901 | €1,094 | -€1,807 | -62.3% |
| Taxes, remuneration and social security | 45 | €54,856 | €49,629 | -€5,227 | -9.5% |
| Taxes | 450/3 | €54,856 | €49,629 | -€5,227 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,710 | €14,600 | +€10,890 | +294% |
| Other operating charges | 640/8 | €2,134 | €1,938 | -€196 | -9.2% |
| Gross operating margin | 9900 | €249,951 | €635,159 | +€385,207 | +154% |
| Operating profit (loss) | 9901 | €244,108 | €618,621 | +€374,513 | +153% |
| Financial income | 75/76B | €286,711 | €41,873 | -€244,838 | -85.4% |
| Recurring financial income | 75 | €286,711 | €41,873 | -€244,838 | -85.4% |
| Financial charges | 65/66B | €448 | €1,027 | +€580 | +129% |
| Recurring financial charges | 65 | €448 | €1,027 | +€580 | +129% |
| Profit (loss) for the period before taxes | 9903 | €530,370 | €659,466 | +€129,096 | +24.3% |
| Income taxes | 67/77 | €102,990 | €200,634 | +€97,644 | +94.8% |
| Profit (loss) for the period | 9904 | €427,380 | €458,832 | +€31,452 | +7.4% |
| Transfer from tax-exempt reserves | 789 | - | €105,250 | +€105,250 | |
| Transfer to tax-exempt reserves | 689 | €0 | €147,350 | +€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €427,380 | €416,732 | -€10,648 | -2.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.