STICOMAX: what changed
What changed
STICOMAX
NACE 63.920, Other information service activities
filed annual accounts (NBB)
Net result for the year
€23.9m
2024 · €1.2m+€22.7m
Equity
€42.8m
2024 · €13.9m+€28.9m
Cash
€324,250
2024 · €156,131+€168,119
Balance sheet total
€101.9m
2024 · €58.1m+€43.7m
Largest movements
Assets
- Financial fixed assets +€46.7m
up €46.7m (+89.9%), from €51.9m to €98.7m
- Receivables after one year -€5.5m
down €5.5m (-100%), from €5.5m to €0
- Receivables within one year +€2.4m
up €2.4m (+732%), from €332,413 to €2.8m
of which Other amounts receivable: +€2.3m
Equity and liabilities
- Reserves +€23.9m
up €23.9m (+1,926%), from €1.2m to €25.1m
- Debts after one year +€10.5m
up €10.5m (+27.5%), from €38.0m to €48.4m
of which Financial debts: +€15.8m
- Contributions +€5.0m
up €5.0m (+39.5%), from €12.7m to €17.7m
- Other debts +€2.8m
up €2.8m (+128%), from €2.2m to €5.0m
Income statement
- Financial income +€22.5m
up €22.5m (+530%), from €4.3m to €26.8m
of which Non-recurring financial income: +€21.7m
- Turnover +€652,670
up €652,670 (+80.7%), from €809,200 to €1.5m
- Services and other goods +€221,294
up €221,294 (+24.3%), from €911,633 to €1.1m
- Financial charges +€146,709
up €146,709 (+5.2%), from €2.8m to €3.0m
- Staff costs +€121,947
up €121,947 (+105%), from €115,742 to €237,689
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
€1.2m
Turnover
+€652,670
Other operating income
-€4,272
Services and other goods
-€221,294
Staff costs
-€121,947
Depreciation
-€9,918
Other operating charges
-€1,159
Financial income
+€22.5m
Financial charges
-€146,709
Taxes
-€302
Result 2025
€23.9m
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
+€29.9m
Investment
-€46.8m
Financing
+€17.1m
Cash 2024
€156,131
From operations (derived)
+€29.9m
Net result for the year
+€23.9m
Depreciation
+€15,661
Receivables after one year
+€5.5m
Receivables within one year
-€2.4m
Deferred charges and accrued income
+€148,459
Trade debts
-€174,988
Smaller working-capital items
+€117,393
Other debts
+€2.8m
Investment (derived)
-€46.8m
Investment in fixed assets (net)
-€46.8m
Financing
+€17.1m
Debts after one year
+€10.5m
Current portion of long-term debt
+€603,238
Short-term financial debts
+€1.0m
Contributions, distributions and other
+€5.0m
Cash 2025
€324,250
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,137,073 | €101,859,990 | +€43.7m | +75.2% |
| Formation expenses | 20 | €2,717 | €1,942 | -€775 | -28.5% |
| Fixed assets | 21/28 | €51,995,423 | €98,763,335 | +€46.8m | +89.9% |
| Intangible fixed assets | 21 | €7,155 | €7,115 | -€40 | -0.6% |
| Tangible fixed assets | 22/27 | €41,925 | €98,707 | +€56,782 | +135% |
| Furniture and vehicles | 24 | €7,356 | €49,933 | +€42,577 | +579% |
| Leasing and similar rights | 25 | €34,568 | €48,774 | +€14,205 | +41.1% |
| Financial fixed assets | 28 | €51,946,344 | €98,657,514 | +€46.7m | +89.9% |
| Affiliated companies | 280/1 | €51,946,344 | €98,657,514 | +€46.7m | +89.9% |
| Participating interests | 280 | €51,946,344 | €44,910,808 | -€7.0m | -13.5% |
| Amounts receivable | 281 | - | €53,746,706 | +€53.7m | |
| Current assets | 29/58 | €6,138,933 | €3,094,713 | -€3.0m | -49.6% |
| Amounts receivable after more than one year | 29 | €5,496,706 | €0 | -€5.5m | -100% |
| Other amounts receivable | 291 | €5,496,706 | €0 | -€5.5m | -100% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €332,413 | €2,765,238 | +€2.4m | +732% |
| Trade receivables | 40 | €165,547 | €253,368 | +€87,821 | +53.0% |
| Other amounts receivable | 41 | €166,866 | €2,511,870 | +€2.3m | +1,405% |
| Cash at bank and in hand | 54/58 | €156,131 | €324,250 | +€168,119 | +108% |
| Deferred charges and accrued income | 490/1 | €153,683 | €5,224 | -€148,459 | -96.6% |
| Total equity and liabilities | 10/49 | €58,137,073 | €101,859,990 | +€43.7m | +75.2% |
| Equity | 10/15 | €13,891,024 | €42,791,480 | +€28.9m | +208% |
| Contributions | 10/11 | €12,650,000 | €17,650,000 | +€5.0m | +39.5% |
| Reserves | 13 | €1,241,024 | €25,141,480 | +€23.9m | +1,926% |
| Distributable reserves | 133 | €1,241,024 | €25,141,480 | +€23.9m | +1,926% |
| Amounts payable | 17/49 | €44,246,050 | €59,068,511 | +€14.8m | +33.5% |
| Amounts payable after more than one year | 17 | €37,983,850 | €48,437,411 | +€10.5m | +27.5% |
| Financial debts | 170/4 | €32,669,850 | €48,437,411 | +€15.8m | +48.3% |
| Subordinated loans | 170 | - | €7,383,169 | +€7.4m | |
| Leasing and similar obligations | 172 | €27,350 | €37,259 | +€9,910 | +36.2% |
| Credit institutions | 173 | €32,642,500 | €41,016,983 | +€8.4m | +25.7% |
| Other amounts payable | 178/9 | €5,314,000 | €0 | -€5.3m | -100% |
| Amounts payable within one year | 42/48 | €5,801,734 | €10,083,373 | +€4.3m | +73.8% |
| Current portion of amounts payable after more than one year | 42 | €3,135,529 | €3,738,767 | +€603,238 | +19.2% |
| Financial debts | 43 | - | €1,000,000 | +€1.0m | |
| Other loans | 439 | - | €1,000,000 | +€1.0m | |
| Trade debts | 44 | €453,054 | €278,066 | -€174,988 | -38.6% |
| Suppliers | 440/4 | €453,054 | €278,066 | -€174,988 | -38.6% |
| Taxes, remuneration and social security | 45 | €13,151 | €43,283 | +€30,132 | +229% |
| Taxes | 450/3 | €0 | €2,634 | +€2,634 | |
| Remuneration and social security | 454/9 | €13,151 | €40,649 | +€27,497 | +209% |
| Other amounts payable | 47/48 | €2,200,000 | €5,023,257 | +€2.8m | +128% |
| Accrued charges and deferred income | 492/3 | €460,466 | €547,727 | +€87,261 | +19.0% |
| Operating income | 70/76A | €827,850 | €1,476,248 | +€648,398 | +78.3% |
| Turnover | 70 | €809,200 | €1,461,870 | +€652,670 | +80.7% |
| Other operating income | 74 | €18,650 | €14,378 | -€4,272 | -22.9% |
| Operating charges | 60/66A | €1,033,931 | €1,388,248 | +€354,317 | +34.3% |
| Services and other goods | 61 | €911,633 | €1,132,926 | +€221,294 | +24.3% |
| Remuneration, social security and pensions | 62 | €115,742 | €237,689 | +€121,947 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,743 | €15,661 | +€9,918 | +173% |
| Other operating charges | 640/8 | €813 | €1,972 | +€1,159 | +143% |
| Operating profit (loss) | 9901 | -€206,081 | €88,000 | +€294,081 | |
| Financial income | 75/76B | €4,254,455 | €26,803,412 | +€22.5m | +530% |
| Recurring financial income | 75 | €4,254,455 | €5,114,187 | +€859,732 | +20.2% |
| Income from financial fixed assets | 750 | €3,900,000 | €3,376,000 | -€524,000 | -13.4% |
| Income from current assets | 751 | €352,304 | €1,733,384 | +€1.4m | +392% |
| Other financial income | 752/9 | €2,151 | €4,804 | +€2,652 | +123% |
| Non-recurring financial income | 76B | - | €21,689,225 | +€21.7m | |
| Financial charges | 65/66B | €2,843,673 | €2,990,382 | +€146,709 | +5.2% |
| Recurring financial charges | 65 | €2,843,673 | €2,990,382 | +€146,709 | +5.2% |
| Debt charges | 650 | €2,063,650 | €2,795,499 | +€731,849 | +35.5% |
| Other financial charges | 652/9 | €780,022 | €194,883 | -€585,139 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | €1,204,702 | €23,901,030 | +€22.7m | +1,884% |
| Income taxes | 67/77 | €272 | €574 | +€302 | +111% |
| Taxes | 670/3 | €272 | €574 | +€302 | +111% |
| Profit (loss) for the period | 9904 | €1,204,429 | €23,900,456 | +€22.7m | +1,884% |
| Profit (loss) for the period to be appropriated | 9905 | €1,204,429 | €23,900,456 | +€22.7m | +1,884% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 6 November 2026 via checked.be.