STIER: what changed
Two fiscal 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.
STIER
Largest movements
- Receivables within one year +€42,780
up €42,780 (+58.4%), from €73,251 to €116,032
of which Trade receivables: +€35,278
- Cash +€6,577
up €6,577 (+657.7%), from €1,000 to €7,577
mainly Trade debts (+€56,894) and Net result for the year (+€25,267)
- Tangible fixed assets -€3,541
down €3,541 (-46.9%), from €7,548 to €4,007
of which Plant, machinery and equipment: -€3,127
- Deferred charges and accrued income +€2,127
new in 2024: €2,127
- Trade debts +€56,894
up €56,894 (+167.7%), from €33,927 to €90,821
- Profit (loss) carried forward +€25,267
up €25,267 (+77.8%), from -€32,468 to -€7,201
- Tax, wage and social debts -€19,021
down €19,021 (-41.4%), from €45,890 to €26,869
of which Remuneration and social security: -€18,016
- Short-term financial debts -€11,808
no longer reported in 2024 (was €11,808)
- Current portion of long-term debt -€3,016
down €3,016 (-90.2%), from €3,342 to €326
- Staff costs -€47,629
down €47,629 (-40.3%), from €118,330 to €70,700
- Financial charges +€26,013
up €26,013 (+563.3%), from €4,618 to €30,631
- Financial income +€14,983
new in 2024: €14,983
- Taxes +€7,804
up €7,804 (+252.1%), from €3,096 to €10,900
- Gross operating margin -€5,473
down €5,473 (-4.1%), from €132,646 to €127,173
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.
Cash bridge derived
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 | €90,900 | €138,843 | +€47,944 | +52.7% |
| Fixed assets | 21/28 | €7,648 | €4,107 | -€3,541 | -46.3% |
| Tangible fixed assets | 22/27 | €7,548 | €4,007 | -€3,541 | -46.9% |
| Plant, machinery and equipment | 23 | €5,088 | €1,962 | -€3,127 | -61.4% |
| Other tangible fixed assets | 26 | €2,460 | €2,046 | -€414 | -16.8% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €83,251 | €134,736 | +€51,485 | +61.8% |
| Stocks and contracts in progress | 3 | €9,000 | €9,000 | = | 0.0% |
| Stocks | 30/36 | €9,000 | €9,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,251 | €116,032 | +€42,780 | +58.4% |
| Trade receivables | 40 | €1,087 | €36,365 | +€35,278 | +3246.3% |
| Other amounts receivable | 41 | €72,165 | €79,667 | +€7,502 | +10.4% |
| Cash at bank and in hand | 54/58 | €1,000 | €7,577 | +€6,577 | +657.7% |
| Deferred charges and accrued income | 490/1 | - | €2,127 | +€2,127 | |
| Total equity and liabilities | 10/49 | €90,900 | €138,843 | +€47,944 | +52.7% |
| Equity | 10/15 | -€20,068 | €5,199 | +€25,267 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,468 | -€7,201 | +€25,267 | +77.8% |
| Amounts payable | 17/49 | €110,968 | €133,645 | +€22,677 | +20.4% |
| Amounts payable within one year | 42/48 | €110,968 | €133,645 | +€22,677 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €3,342 | €326 | -€3,016 | -90.2% |
| Financial debts | 43 | €11,808 | - | -€11,808 | |
| Credit institutions | 430/8 | €11,808 | - | -€11,808 | |
| Trade debts | 44 | €33,927 | €90,821 | +€56,894 | +167.7% |
| Suppliers | 440/4 | €33,927 | €90,821 | +€56,894 | +167.7% |
| Taxes, remuneration and social security | 45 | €45,890 | €26,869 | -€19,021 | -41.4% |
| Taxes | 450/3 | €15,624 | €14,619 | -€1,005 | -6.4% |
| Remuneration and social security | 454/9 | €30,266 | €12,250 | -€18,016 | -59.5% |
| Other amounts payable | 47/48 | €16,000 | €15,628 | -€372 | -2.3% |
| Remuneration, social security and pensions | 62 | €118,330 | €70,700 | -€47,629 | -40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,541 | €3,541 | = | 0.0% |
| Other operating charges | 640/8 | €295 | €1,116 | +€821 | +278.2% |
| Gross operating margin | 9900 | €132,646 | €127,173 | -€5,473 | -4.1% |
| Operating profit (loss) | 9901 | €10,480 | €51,815 | +€41,335 | +394.4% |
| Financial income | 75/76B | - | €14,983 | +€14,983 | |
| Recurring financial income | 75 | - | €14,983 | +€14,983 | |
| Financial charges | 65/66B | €4,618 | €30,631 | +€26,013 | +563.3% |
| Recurring financial charges | 65 | €4,618 | €30,631 | +€26,013 | +563.3% |
| Profit (loss) for the period before taxes | 9903 | €5,862 | €36,167 | +€30,305 | +516.9% |
| Income taxes | 67/77 | €3,096 | €10,900 | +€7,804 | +252.1% |
| Profit (loss) for the period | 9904 | €2,766 | €25,267 | +€22,500 | +813.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,766 | €25,267 | +€22,500 | +813.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.