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
- Receivables within one year +€27,537
up €27,537 (+242%), from €11,401 to €38,939
of which Trade receivables: +€29,228
- Cash +€9,209
up €9,209 (+120%), from €7,669 to €16,878
mainly Net result for the year (+€39,586) and Tax, wage and social debts (+€3,562)
- Reserves +€38,753
up €38,753 (+1,145%), from €3,384 to €42,137
- Other debts -€6,102
down €6,102 (-81.4%), from €7,500 to €1,398
- Tax, wage and social debts +€3,562
up €3,562 (+81.8%), from €4,355 to €7,917
of which Taxes: +€3,722
- Accrued charges and deferred income +€574
up €574 (+33.4%), from €1,716 to €2,289
- Gross operating margin +€41,200
up €41,200 (+261%), from €15,799 to €56,999
- Taxes +€8,380
up €8,380 (+265%), from €3,164 to €11,544
- Other operating charges +€2,685
up €2,685 (+602%), from €446 to €3,131
- Financial charges +€1,215
up €1,215 (+91.6%), from €1,327 to €2,542
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 | €20,550 | €57,289 | +€36,740 | +179% |
| Fixed assets | 21/28 | €660 | €434 | -€226 | -34.2% |
| Tangible fixed assets | 22/27 | €660 | €434 | -€226 | -34.2% |
| Furniture and vehicles | 24 | €660 | €434 | -€226 | -34.2% |
| Current assets | 29/58 | €19,890 | €56,855 | +€36,965 | +186% |
| Amounts receivable within one year | 40/41 | €11,401 | €38,939 | +€27,537 | +242% |
| Trade receivables | 40 | €9,347 | €38,574 | +€29,228 | +313% |
| Other amounts receivable | 41 | €2,054 | €364 | -€1,690 | -82.3% |
| Cash at bank and in hand | 54/58 | €7,669 | €16,878 | +€9,209 | +120% |
| Deferred charges and accrued income | 490/1 | €819 | €1,038 | +€219 | +26.7% |
| Total equity and liabilities | 10/49 | €20,550 | €57,289 | +€36,740 | +179% |
| Equity | 10/15 | €6,384 | €45,137 | +€38,753 | +607% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €3,384 | €42,137 | +€38,753 | +1,145% |
| Distributable reserves | 133 | €3,384 | €42,137 | +€38,753 | +1,145% |
| Amounts payable | 17/49 | €14,166 | €12,152 | -€2,013 | -14.2% |
| Amounts payable within one year | 42/48 | €12,450 | €9,863 | -€2,587 | -20.8% |
| Trade debts | 44 | €595 | €548 | -€47 | -7.9% |
| Suppliers | 440/4 | €595 | €548 | -€47 | -7.9% |
| Taxes, remuneration and social security | 45 | €4,355 | €7,917 | +€3,562 | +81.8% |
| Taxes | 450/3 | €4,195 | €7,917 | +€3,722 | +88.7% |
| Remuneration and social security | 454/9 | €160 | - | -€160 | |
| Other amounts payable | 47/48 | €7,500 | €1,398 | -€6,102 | -81.4% |
| Accrued charges and deferred income | 492/3 | €1,716 | €2,289 | +€574 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18 | €226 | +€208 | +1,185% |
| Other operating charges | 640/8 | €446 | €3,131 | +€2,685 | +602% |
| Gross operating margin | 9900 | €15,799 | €56,999 | +€41,200 | +261% |
| Operating profit (loss) | 9901 | €15,335 | €53,642 | +€38,307 | +250% |
| Financial income | 75/76B | €39 | €29 | -€10 | -25.3% |
| Recurring financial income | 75 | €39 | €29 | -€10 | -25.3% |
| Financial charges | 65/66B | €1,327 | €2,542 | +€1,215 | +91.6% |
| Recurring financial charges | 65 | €1,327 | €2,542 | +€1,215 | +91.6% |
| Profit (loss) for the period before taxes | 9903 | €14,048 | €51,130 | +€37,082 | +264% |
| Income taxes | 67/77 | €3,164 | €11,544 | +€8,380 | +265% |
| Profit (loss) for the period | 9904 | €10,884 | €39,586 | +€28,702 | +264% |
| Profit (loss) for the period to be appropriated | 9905 | €10,884 | €39,586 | +€28,702 | +264% |
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 14 October 2026 via checked.be.