STICHELMEYER: 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.
STICHELMEYER
Largest movements
- Stocks and contracts -€20,833
down €20,833 (-62.1%), from €33,522 to €12,689
of which Stocks: -€12,320
- Cash +€18,228
up €18,228 (+51.5%), from €35,377 to €53,605
mainly Stocks and contracts (+€20,833) and Depreciation (+€4,018)
- Receivables within one year +€1,796
up €1,796 (+9.8%), from €18,346 to €20,142
of which Other amounts receivable: +€2,529
- Profit (loss) carried forward +€3,319
up €3,319 (+55.5%), from -€5,977 to -€2,658
- Trade debts -€2,135
down €2,135 (-35.3%), from €6,055 to €3,920
- Taxes -€4,158
down €4,158 (-60.5%), from €6,872 to €2,714
- Depreciation -€2,079
down €2,079 (-34.1%), from €6,097 to €4,018
- Gross operating margin +€1,315
up €1,315 (+9.7%), from €13,510 to €14,825
- Other operating charges -€538
down €538 (-12.1%), from €4,459 to €3,921
- Staff costs +€200
no longer reported in 2024 (was -€200)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,350 | €115,664 | -€686 | -0.6% |
| Fixed assets | 21/28 | €16,267 | €15,826 | -€441 | -2.7% |
| Tangible fixed assets | 22/27 | €16,267 | €15,826 | -€441 | -2.7% |
| Land and buildings | 22 | €12,038 | €10,424 | -€1,614 | -13.4% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €4,228 | €5,402 | +€1,173 | +27.7% |
| Current assets | 29/58 | €100,083 | €99,839 | -€245 | -0.2% |
| Stocks and contracts in progress | 3 | €33,522 | €12,689 | -€20,833 | -62.1% |
| Stocks | 30/36 | €25,008 | €12,689 | -€12,320 | -49.3% |
| Contracts in progress | 37 | €8,514 | - | -€8,514 | |
| Amounts receivable within one year | 40/41 | €18,346 | €20,142 | +€1,796 | +9.8% |
| Trade receivables | 40 | €17,107 | €16,375 | -€732 | -4.3% |
| Other amounts receivable | 41 | €1,239 | €3,768 | +€2,529 | +204% |
| Current investments | 50/53 | €10,053 | €10,053 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,377 | €53,605 | +€18,228 | +51.5% |
| Deferred charges and accrued income | 490/1 | €2,786 | €3,350 | +€564 | +20.3% |
| Total equity and liabilities | 10/49 | €116,350 | €115,664 | -€686 | -0.6% |
| Equity | 10/15 | €98,280 | €101,599 | +€3,319 | +3.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €85,665 | €85,665 | = | 0.0% |
| Distributable reserves | 133 | €85,665 | €85,665 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,977 | -€2,658 | +€3,319 | +55.5% |
| Amounts payable | 17/49 | €18,070 | €14,066 | -€4,005 | -22.2% |
| Amounts payable within one year | 42/48 | €18,070 | €14,066 | -€4,005 | -22.2% |
| Trade debts | 44 | €6,055 | €3,920 | -€2,135 | -35.3% |
| Suppliers | 440/4 | €6,055 | €3,920 | -€2,135 | -35.3% |
| Taxes, remuneration and social security | 45 | €10,675 | €9,560 | -€1,115 | -10.4% |
| Taxes | 450/3 | €7,200 | €9,560 | +€2,360 | +32.8% |
| Remuneration and social security | 454/9 | €3,475 | - | -€3,475 | |
| Other amounts payable | 47/48 | €1,341 | €586 | -€755 | -56.3% |
| Remuneration, social security and pensions | 62 | -€200 | - | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,097 | €4,018 | -€2,079 | -34.1% |
| Other operating charges | 640/8 | €4,459 | €3,921 | -€538 | -12.1% |
| Non-recurring operating charges | 66A | €735 | - | -€735 | |
| Gross operating margin | 9900 | €13,510 | €14,825 | +€1,315 | +9.7% |
| Operating profit (loss) | 9901 | €2,419 | €6,886 | +€4,467 | +185% |
| Financial income | 75/76B | €126 | €120 | -€7 | -5.3% |
| Recurring financial income | 75 | €126 | €120 | -€7 | -5.3% |
| Financial charges | 65/66B | €820 | €973 | +€153 | +18.6% |
| Recurring financial charges | 65 | €820 | €973 | +€153 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €1,725 | €6,033 | +€4,308 | +250% |
| Income taxes | 67/77 | €6,872 | €2,714 | -€4,158 | -60.5% |
| Profit (loss) for the period | 9904 | -€5,146 | €3,319 | +€8,465 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,146 | €3,319 | +€8,465 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.