STIGMATIX: 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.
STIGMATIX
Largest movements
- Cash -€97,353
down €97,353 (-54.6%), from €178,435 to €81,083
mainly Other debts (-€67,332) and Investment in fixed assets (net) (-€43,743)
- Tangible fixed assets +€38,046
up €38,046 (+3853.9%), from €987 to €39,033
- Receivables within one year +€33,389
up €33,389 (+22.1%), from €151,091 to €184,481
of which Trade receivables: +€29,492
- Intangible fixed assets -€6,546
down €6,546 (-59.8%), from €10,955 to €4,409
- Other debts -€67,332
down €67,332 (-41.0%), from €164,215 to €96,883
- Debts after one year +€20,487
new in 2025: €20,487
- Current portion of long-term debt +€7,178
new in 2025: €7,178
- Reserves +€4,236
up €4,236 (+2.6%), from €164,535 to €168,771
of which Distributable reserves: +€4,236
- Tax, wage and social debts +€3,667
up €3,667 (+60.5%), from €6,063 to €9,731
- Gross operating margin +€13,371
up €13,371 (+89.7%), from €14,904 to €28,275
- Depreciation +€4,925
up €4,925 (+67.3%), from €7,318 to €12,244
- Taxes +€2,443
up €2,443 (+795.1%), from €307 to €2,751
- Financial charges -€1,273
down €1,273 (-23.7%), from €5,373 to €4,099
- Other operating charges +€336
up €336 (+35.5%), from €947 to €1,284
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.
Cash bridge derived
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 | €342,775 | €312,803 | -€29,973 | -8.7% |
| Fixed assets | 21/28 | €11,942 | €43,442 | +€31,500 | +263.8% |
| Intangible fixed assets | 21 | €10,955 | €4,409 | -€6,546 | -59.8% |
| Tangible fixed assets | 22/27 | €987 | €39,033 | +€38,046 | +3853.9% |
| Furniture and vehicles | 24 | €987 | €39,033 | +€38,046 | +3853.9% |
| Current assets | 29/58 | €330,833 | €269,361 | -€61,472 | -18.6% |
| Amounts receivable within one year | 40/41 | €151,091 | €184,481 | +€33,389 | +22.1% |
| Trade receivables | 40 | €148,680 | €178,172 | +€29,492 | +19.8% |
| Other amounts receivable | 41 | €2,411 | €6,309 | +€3,898 | +161.7% |
| Cash at bank and in hand | 54/58 | €178,435 | €81,083 | -€97,353 | -54.6% |
| Deferred charges and accrued income | 490/1 | €1,306 | €3,798 | +€2,491 | +190.7% |
| Total equity and liabilities | 10/49 | €342,775 | €312,803 | -€29,973 | -8.7% |
| Equity | 10/15 | €167,073 | €174,971 | +€7,898 | +4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €164,535 | €168,771 | +€4,236 | +2.6% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €162,435 | €166,671 | +€4,236 | +2.6% |
| Profit (loss) carried forward | 14 | -€3,662 | €0 | +€3,662 | |
| Amounts payable | 17/49 | €175,702 | €137,832 | -€37,870 | -21.6% |
| Amounts payable after more than one year | 17 | - | €20,487 | +€20,487 | |
| Financial debts | 170/4 | - | €20,487 | +€20,487 | |
| Amounts payable within one year | 42/48 | €172,054 | €115,057 | -€56,997 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | - | €7,178 | +€7,178 | |
| Trade debts | 44 | €1,776 | €1,265 | -€511 | -28.8% |
| Suppliers | 440/4 | €1,776 | €1,265 | -€511 | -28.8% |
| Taxes, remuneration and social security | 45 | €6,063 | €9,731 | +€3,667 | +60.5% |
| Taxes | 450/3 | €6,063 | €9,731 | +€3,667 | +60.5% |
| Other amounts payable | 47/48 | €164,215 | €96,883 | -€67,332 | -41.0% |
| Accrued charges and deferred income | 492/3 | €3,648 | €2,288 | -€1,360 | -37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,318 | €12,244 | +€4,925 | +67.3% |
| Other operating charges | 640/8 | €947 | €1,284 | +€336 | +35.5% |
| Gross operating margin | 9900 | €14,904 | €28,275 | +€13,371 | +89.7% |
| Operating profit (loss) | 9901 | €6,638 | €14,748 | +€8,110 | +122.2% |
| Financial income | 75/76B | €8 | €0 | -€8 | -100.0% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -100.0% |
| Financial charges | 65/66B | €5,373 | €4,099 | -€1,273 | -23.7% |
| Recurring financial charges | 65 | €5,373 | €4,099 | -€1,273 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €1,273 | €10,648 | +€9,375 | +736.3% |
| Income taxes | 67/77 | €307 | €2,751 | +€2,443 | +795.1% |
| Profit (loss) for the period | 9904 | €966 | €7,898 | +€6,932 | +717.6% |
| Profit (loss) for the period to be appropriated | 9905 | €966 | €7,898 | +€6,932 | +717.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.