STIEGLITZ DYNAMIC SOLUTIONS: 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.
STIEGLITZ DYNAMIC SOLUTIONS
Largest movements
- Financial fixed assets -€147,247
down €147,247 (-3.9%), from €3.8m to €3.6m
- Other debts -€187,671
down €187,671 (-23.1%), from €814,102 to €626,431
- Profit (loss) carried forward +€48,503
up €48,503 (+5.2%), from -€940,484 to -€891,981
- Financial income +€41,738
up €41,738 (+112%), from €37,431 to €79,169
- Gross operating margin +€39,966
up €39,966 (+69.2%), from -€57,758 to -€17,792
- Other operating charges -€24,577
down €24,577 (-74.9%), from €32,807 to €8,230
- Taxes -€756
no longer reported in 2025 (was €756)
- Depreciation -€624
down €624 (-13.7%), from €4,538 to €3,914
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 | €3,922,379 | €3,785,614 | -€136,765 | -3.5% |
| Fixed assets | 21/28 | €3,761,345 | €3,610,184 | -€151,161 | -4.0% |
| Tangible fixed assets | 22/27 | €7,020 | €3,106 | -€3,914 | -55.8% |
| Plant, machinery and equipment | 23 | €1,770 | €979 | -€792 | -44.7% |
| Furniture and vehicles | 24 | €5,249 | €2,127 | -€3,122 | -59.5% |
| Financial fixed assets | 28 | €3,754,325 | €3,607,078 | -€147,247 | -3.9% |
| Current assets | 29/58 | €161,034 | €175,431 | +€14,397 | +8.9% |
| Amounts receivable within one year | 40/41 | €78,660 | €75,869 | -€2,792 | -3.5% |
| Trade receivables | 40 | €75,869 | €75,869 | = | 0.0% |
| Other amounts receivable | 41 | €2,792 | - | -€2,792 | |
| Cash at bank and in hand | 54/58 | €82,374 | €99,562 | +€17,188 | +20.9% |
| Total equity and liabilities | 10/49 | €3,922,379 | €3,785,614 | -€136,765 | -3.5% |
| Equity | 10/15 | -€857,453 | -€808,951 | +€48,503 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,430 | €64,430 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,016 | €10,016 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,016 | €10,016 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,246 | €19,246 | = | 0.0% |
| Distributable reserves | 133 | €35,168 | €35,168 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€940,484 | -€891,981 | +€48,503 | +5.2% |
| Amounts payable | 17/49 | €4,779,833 | €4,594,565 | -€185,268 | -3.9% |
| Amounts payable after more than one year | 17 | €3,959,186 | €3,959,186 | = | 0.0% |
| Other amounts payable | 178/9 | €3,959,186 | €3,959,186 | = | 0.0% |
| Amounts payable within one year | 42/48 | €820,647 | €635,379 | -€185,268 | -22.6% |
| Trade debts | 44 | €6,249 | €2,541 | -€3,708 | -59.3% |
| Suppliers | 440/4 | €6,249 | €2,541 | -€3,708 | -59.3% |
| Taxes, remuneration and social security | 45 | €296 | €6,408 | +€6,112 | +2,066% |
| Taxes | 450/3 | €296 | €6,408 | +€6,112 | +2,066% |
| Other amounts payable | 47/48 | €814,102 | €626,431 | -€187,671 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,538 | €3,914 | -€624 | -13.7% |
| Other operating charges | 640/8 | €32,807 | €8,230 | -€24,577 | -74.9% |
| Gross operating margin | 9900 | -€57,758 | -€17,792 | +€39,966 | +69.2% |
| Operating profit (loss) | 9901 | -€95,102 | -€29,935 | +€65,167 | +68.5% |
| Financial income | 75/76B | €37,431 | €79,169 | +€41,738 | +112% |
| Recurring financial income | 75 | €37,431 | €79,169 | +€41,738 | +112% |
| Financial charges | 65/66B | €564 | €731 | +€168 | +29.7% |
| Recurring financial charges | 65 | €564 | €731 | +€168 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | -€58,235 | €48,503 | +€106,738 | |
| Income taxes | 67/77 | €756 | - | -€756 | |
| Profit (loss) for the period | 9904 | -€58,991 | €48,503 | +€107,494 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,991 | €48,503 | +€107,494 |
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 20 October 2026 via checked.be.