STIF: 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.
STIF
Largest movements
- Receivables within one year -€3,214
down €3,214 (-19.0%), from €16,955 to €13,742
of which Trade receivables: -€5,085
- Cash -€2,758
down €2,758 (-4.4%), from €63,179 to €60,422
mainly Net result for the year (-€4,761) and Trade debts (-€3,491)
- Reserves -€4,000
down €4,000 (-12.0%), from €33,200 to €29,200
- Trade debts -€3,491
down €3,491 (-18.2%), from €19,169 to €15,679
- Tax, wage and social debts +€2,196
up €2,196 (+169%), from €1,298 to €3,494
of which Remuneration and social security: +€1,693
- Other debts -€1,119
down €1,119 (-7.5%), from €14,854 to €13,735
- Gross operating margin +€21,010
up €21,010 (+2,251%), from €933 to €21,943
- Staff costs +€8,875
up €8,875 (+61.1%), from €14,530 to €23,405
- Other operating charges -€1,994
down €1,994 (-70.7%), from €2,820 to €826
- Financial charges -€326
down €326 (-15.2%), from €2,144 to €1,818
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 | €94,573 | €87,398 | -€7,175 | -7.6% |
| Fixed assets | 21/28 | €1,188 | €662 | -€526 | -44.3% |
| Intangible fixed assets | 21 | €158 | - | -€158 | |
| Tangible fixed assets | 22/27 | €870 | €502 | -€368 | -42.3% |
| Furniture and vehicles | 24 | €870 | €502 | -€368 | -42.3% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €93,385 | €86,736 | -€6,649 | -7.1% |
| Stocks and contracts in progress | 3 | €12,500 | €12,500 | = | 0.0% |
| Stocks | 30/36 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,955 | €13,742 | -€3,214 | -19.0% |
| Trade receivables | 40 | €16,482 | €11,397 | -€5,085 | -30.9% |
| Other amounts receivable | 41 | €474 | €2,345 | +€1,871 | +395% |
| Cash at bank and in hand | 54/58 | €63,179 | €60,422 | -€2,758 | -4.4% |
| Deferred charges and accrued income | 490/1 | €751 | €73 | -€677 | -90.2% |
| Total equity and liabilities | 10/49 | €94,573 | €87,398 | -€7,175 | -7.6% |
| Equity | 10/15 | €59,251 | €54,490 | -€4,761 | -8.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €33,200 | €29,200 | -€4,000 | -12.0% |
| Distributable reserves | 133 | €33,200 | €29,200 | -€4,000 | -12.0% |
| Profit (loss) carried forward | 14 | €1,051 | €290 | -€761 | -72.4% |
| Amounts payable | 17/49 | €35,322 | €32,908 | -€2,414 | -6.8% |
| Amounts payable within one year | 42/48 | €35,322 | €32,908 | -€2,414 | -6.8% |
| Trade debts | 44 | €19,169 | €15,679 | -€3,491 | -18.2% |
| Suppliers | 440/4 | €19,169 | €15,679 | -€3,491 | -18.2% |
| Taxes, remuneration and social security | 45 | €1,298 | €3,494 | +€2,196 | +169% |
| Taxes | 450/3 | €93 | €596 | +€503 | +541% |
| Remuneration and social security | 454/9 | €1,205 | €2,898 | +€1,693 | +140% |
| Other amounts payable | 47/48 | €14,854 | €13,735 | -€1,119 | -7.5% |
| Remuneration, social security and pensions | 62 | €14,530 | €23,405 | +€8,875 | +61.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €662 | €526 | -€136 | -20.5% |
| Other operating charges | 640/8 | €2,820 | €826 | -€1,994 | -70.7% |
| Gross operating margin | 9900 | €933 | €21,943 | +€21,010 | +2,251% |
| Operating profit (loss) | 9901 | -€17,078 | -€2,814 | +€14,264 | +83.5% |
| Financial income | 75/76B | €65 | - | -€65 | |
| Recurring financial income | 75 | €65 | - | -€65 | |
| Financial charges | 65/66B | €2,144 | €1,818 | -€326 | -15.2% |
| Recurring financial charges | 65 | €2,144 | €1,818 | -€326 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,157 | -€4,632 | +€14,525 | +75.8% |
| Income taxes | 67/77 | €60 | €129 | +€68 | +114% |
| Profit (loss) for the period | 9904 | -€19,218 | -€4,761 | +€14,456 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,218 | -€4,761 | +€14,456 | +75.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.