STICH CONSULT: what changed
Two financial 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.
STICH CONSULT
Largest movements
- Cash +€17,891
up €17,891 (+10.6%), from €169,522 to €187,413
mainly Net result for the year (+€23,312) and Depreciation (+€15,251)
- Tangible fixed assets -€13,581
down €13,581 (-20.3%), from €66,782 to €53,201
of which Furniture and vehicles: -€13,478
- Receivables within one year +€6,969
up €6,969 (+27.5%), from €25,357 to €32,326
of which Trade receivables: +€11,653
- Reserves +€22,471
up €22,471 (+12.4%), from €180,765 to €203,236
- Debts after one year -€10,910
down €10,910 (-24.0%), from €45,387 to €34,477
- Other debts -€5,449
down €5,449 (-18.1%), from €30,151 to €24,703
- Financial income -€63,005
down €63,005 (-98.9%), from €63,719 to €714
- Gross operating margin +€29,326
up €29,326 (+122%), from €24,064 to €53,390
- Taxes -€11,092
down €11,092 (-50.3%), from €22,052 to €10,960
- Depreciation +€10,687
up €10,687 (+234%), from €4,564 to €15,251
- Other operating charges -€2,821
down €2,821 (-79.3%), from €3,556 to €736
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.
Derived cash bridge
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 | €276,041 | €284,085 | +€8,045 | +2.9% |
| Fixed assets | 21/28 | €77,213 | €63,132 | -€14,081 | -18.2% |
| Tangible fixed assets | 22/27 | €66,782 | €53,201 | -€13,581 | -20.3% |
| Land and buildings | 22 | €4,026 | €3,923 | -€104 | -2.6% |
| Furniture and vehicles | 24 | €62,756 | €49,278 | -€13,478 | -21.5% |
| Financial fixed assets | 28 | €10,431 | €9,931 | -€500 | -4.8% |
| Current assets | 29/58 | €198,828 | €220,954 | +€22,126 | +11.1% |
| Amounts receivable within one year | 40/41 | €25,357 | €32,326 | +€6,969 | +27.5% |
| Trade receivables | 40 | €17,863 | €29,517 | +€11,653 | +65.2% |
| Other amounts receivable | 41 | €7,494 | €2,809 | -€4,685 | -62.5% |
| Cash at bank and in hand | 54/58 | €169,522 | €187,413 | +€17,891 | +10.6% |
| Deferred charges and accrued income | 490/1 | €3,949 | €1,215 | -€2,734 | -69.2% |
| Total equity and liabilities | 10/49 | €276,041 | €284,085 | +€8,045 | +2.9% |
| Equity | 10/15 | €180,765 | €203,236 | +€22,471 | +12.4% |
| Reserves | 13 | €180,765 | €203,236 | +€22,471 | +12.4% |
| Distributable reserves | 133 | €180,765 | €203,236 | +€22,471 | +12.4% |
| Amounts payable | 17/49 | €95,276 | €80,849 | -€14,426 | -15.1% |
| Amounts payable after more than one year | 17 | €45,387 | €34,477 | -€10,910 | -24.0% |
| Financial debts | 170/4 | €45,387 | €34,477 | -€10,910 | -24.0% |
| Amounts payable within one year | 42/48 | €49,889 | €46,372 | -€3,516 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €10,475 | €10,910 | +€435 | +4.1% |
| Trade debts | 44 | €5,251 | €7,637 | +€2,386 | +45.4% |
| Suppliers | 440/4 | €5,251 | €7,637 | +€2,386 | +45.4% |
| Taxes, remuneration and social security | 45 | €4,011 | €3,123 | -€888 | -22.1% |
| Taxes | 450/3 | €2,147 | €2,157 | +€10 | +0.5% |
| Remuneration and social security | 454/9 | €1,863 | €966 | -€898 | -48.2% |
| Other amounts payable | 47/48 | €30,151 | €24,703 | -€5,449 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,564 | €15,251 | +€10,687 | +234% |
| Other operating charges | 640/8 | €3,556 | €736 | -€2,821 | -79.3% |
| Non-recurring operating charges | 66A | €63 | €349 | +€285 | +452% |
| Gross operating margin | 9900 | €24,064 | €53,390 | +€29,326 | +122% |
| Operating profit (loss) | 9901 | €15,881 | €37,055 | +€21,174 | +133% |
| Financial income | 75/76B | €63,719 | €714 | -€63,005 | -98.9% |
| Recurring financial income | 75 | €63,719 | €714 | -€63,005 | -98.9% |
| Financial charges | 65/66B | €2,291 | €3,497 | +€1,205 | +52.6% |
| Recurring financial charges | 65 | €2,291 | €3,497 | +€1,205 | +52.6% |
| Profit (loss) for the period before taxes | 9903 | €77,309 | €34,273 | -€43,036 | -55.7% |
| Income taxes | 67/77 | €22,052 | €10,960 | -€11,092 | -50.3% |
| Profit (loss) for the period | 9904 | €55,256 | €23,312 | -€31,944 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,256 | €23,312 | -€31,944 | -57.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.