Stig: 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.
Stig
Largest movements
- Tangible fixed assets -€150,558
down €150,558 (-35.0%), from €429,897 to €279,339
of which Furniture and vehicles: -€149,549
- Receivables within one year +€33,392
up €33,392 (+99.7%), from €33,491 to €66,883
of which Trade receivables: +€32,765
- Cash +€30,129
up €30,129 (+33.0%), from €91,208 to €121,337
mainly Depreciation (+€116,479) and Trade debts (+€105,046)
- Trade debts +€105,046
up €105,046 (+179%), from €58,761 to €163,807
- Other debts -€104,085
down €104,085 (-58.0%), from €179,582 to €75,497
- Debts after one year -€82,510
down €82,510 (-37.3%), from €221,018 to €138,508
- Gross operating margin -€49,892
down €49,892 (-22.1%), from €226,152 to €176,260
- Staff costs -€30,276
down €30,276 (-37.4%), from €81,054 to €50,778
- Depreciation -€12,032
down €12,032 (-9.4%), from €128,511 to €116,479
- Financial charges -€2,695
down €2,695 (-19.0%), from €14,209 to €11,514
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 | €554,596 | €468,491 | -€86,105 | -15.5% |
| Fixed assets | 21/28 | €429,897 | €280,271 | -€149,626 | -34.8% |
| Intangible fixed assets | 21 | - | €932 | +€932 | |
| Tangible fixed assets | 22/27 | €429,897 | €279,339 | -€150,558 | -35.0% |
| Plant, machinery and equipment | 23 | €11,063 | €10,054 | -€1,009 | -9.1% |
| Furniture and vehicles | 24 | €418,834 | €269,285 | -€149,549 | -35.7% |
| Current assets | 29/58 | €124,699 | €188,220 | +€63,521 | +50.9% |
| Amounts receivable within one year | 40/41 | €33,491 | €66,883 | +€33,392 | +99.7% |
| Trade receivables | 40 | €31,732 | €64,497 | +€32,765 | +103% |
| Other amounts receivable | 41 | €1,759 | €2,386 | +€627 | +35.6% |
| Cash at bank and in hand | 54/58 | €91,208 | €121,337 | +€30,129 | +33.0% |
| Total equity and liabilities | 10/49 | €554,596 | €468,491 | -€86,105 | -15.5% |
| Equity | 10/15 | €7,352 | €3,478 | -€3,874 | -52.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,352 | -€1,522 | -€3,874 | |
| Amounts payable | 17/49 | €547,244 | €465,013 | -€82,231 | -15.0% |
| Amounts payable after more than one year | 17 | €221,018 | €138,508 | -€82,510 | -37.3% |
| Financial debts | 170/4 | €221,018 | €138,508 | -€82,510 | -37.3% |
| Amounts payable within one year | 42/48 | €325,961 | €325,855 | -€106 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €79,318 | €82,510 | +€3,192 | +4.0% |
| Trade debts | 44 | €58,761 | €163,807 | +€105,046 | +179% |
| Suppliers | 440/4 | €58,761 | €163,807 | +€105,046 | +179% |
| Taxes, remuneration and social security | 45 | €8,300 | €4,041 | -€4,259 | -51.3% |
| Taxes | 450/3 | €2,844 | €104 | -€2,740 | -96.3% |
| Remuneration and social security | 454/9 | €5,456 | €3,937 | -€1,519 | -27.8% |
| Other amounts payable | 47/48 | €179,582 | €75,497 | -€104,085 | -58.0% |
| Accrued charges and deferred income | 492/3 | €265 | €650 | +€385 | +145% |
| Non-recurring operating income | 76A | - | €5,631 | +€5,631 | |
| Remuneration, social security and pensions | 62 | €81,054 | €50,778 | -€30,276 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,511 | €116,479 | -€12,032 | -9.4% |
| Other operating charges | 640/8 | €306 | €1,400 | +€1,094 | +358% |
| Gross operating margin | 9900 | €226,152 | €176,260 | -€49,892 | -22.1% |
| Operating profit (loss) | 9901 | €16,281 | €7,603 | -€8,678 | -53.3% |
| Financial charges | 65/66B | €14,209 | €11,514 | -€2,695 | -19.0% |
| Recurring financial charges | 65 | €14,209 | €11,514 | -€2,695 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €2,072 | -€3,911 | -€5,983 | |
| Income taxes | 67/77 | €141 | -€37 | -€178 | |
| Profit (loss) for the period | 9904 | €1,931 | -€3,874 | -€5,805 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,931 | -€3,874 | -€5,805 |
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 19 October 2026 via checked.be.