STIGO: 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.
STIGO
Largest movements
- Receivables within one year -€16,873
down €16,873 (-16.7%), from €100,837 to €83,964
of which Trade receivables: -€13,742
- Current investments -€9,824
down €9,824 (-100%), from €9,824 to €0
- Tangible fixed assets +€8,380
up €8,380 (+25.4%), from €33,055 to €41,434
of which Furniture and vehicles: +€16,326
- Cash +€3,363
up €3,363 (+3.4%), from €99,693 to €103,056
mainly Net result for the year (+€61,718) and Short-term financial debts (+€31,850)
- Trade debts -€61,086
down €61,086 (-72.9%), from €83,851 to €22,766
- Short-term financial debts +€31,850
up €31,850 (+520%), from €6,123 to €37,973
- Other debts +€25,050
new in 2025: €25,050
- Tax, wage and social debts -€14,409
down €14,409 (-13.6%), from €105,846 to €91,437
of which Remuneration and social security: -€16,142
- Debts after one year +€12,353
up €12,353 (+285%), from €4,333 to €16,686
- Gross operating margin +€33,595
up €33,595 (+9.0%), from €375,018 to €408,612
- Staff costs +€25,439
up €25,439 (+9.4%), from €270,123 to €295,561
- Write-downs -€22,876
down €22,876 (-100%), from €22,876 to €0
- Other operating charges -€17,400
down €17,400 (-91.1%), from €19,102 to €1,702
- Taxes +€8,176
up €8,176 (+40.3%), from €20,272 to €28,448
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 | €245,515 | €231,221 | -€14,294 | -5.8% |
| Fixed assets | 21/28 | €33,055 | €41,434 | +€8,380 | +25.4% |
| Tangible fixed assets | 22/27 | €33,055 | €41,434 | +€8,380 | +25.4% |
| Plant, machinery and equipment | 23 | €15,392 | €7,445 | -€7,947 | -51.6% |
| Furniture and vehicles | 24 | €17,663 | €33,989 | +€16,326 | +92.4% |
| Current assets | 29/58 | €212,460 | €189,787 | -€22,673 | -10.7% |
| Amounts receivable within one year | 40/41 | €100,837 | €83,964 | -€16,873 | -16.7% |
| Trade receivables | 40 | €79,439 | €65,697 | -€13,742 | -17.3% |
| Other amounts receivable | 41 | €21,398 | €18,267 | -€3,131 | -14.6% |
| Current investments | 50/53 | €9,824 | €0 | -€9,824 | -100% |
| Cash at bank and in hand | 54/58 | €99,693 | €103,056 | +€3,363 | +3.4% |
| Deferred charges and accrued income | 490/1 | €2,106 | €2,767 | +€661 | +31.4% |
| Total equity and liabilities | 10/49 | €245,515 | €231,221 | -€14,294 | -5.8% |
| Equity | 10/15 | €34,068 | €29,787 | -€4,282 | -12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,268 | €10,987 | -€4,282 | -28.0% |
| Amounts payable | 17/49 | €211,446 | €201,435 | -€10,012 | -4.7% |
| Amounts payable after more than one year | 17 | €4,333 | €16,686 | +€12,353 | +285% |
| Financial debts | 170/4 | €4,333 | €16,686 | +€12,353 | +285% |
| Amounts payable within one year | 42/48 | €206,929 | €184,748 | -€22,181 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €11,109 | €7,522 | -€3,586 | -32.3% |
| Financial debts | 43 | €6,123 | €37,973 | +€31,850 | +520% |
| Credit institutions | 430/8 | €6,123 | €37,973 | +€31,850 | +520% |
| Trade debts | 44 | €83,851 | €22,766 | -€61,086 | -72.9% |
| Suppliers | 440/4 | €83,851 | €22,766 | -€61,086 | -72.9% |
| Taxes, remuneration and social security | 45 | €105,846 | €91,437 | -€14,409 | -13.6% |
| Taxes | 450/3 | €53,346 | €55,078 | +€1,733 | +3.2% |
| Remuneration and social security | 454/9 | €52,501 | €36,359 | -€16,142 | -30.7% |
| Other amounts payable | 47/48 | - | €25,050 | +€25,050 | |
| Accrued charges and deferred income | 492/3 | €184 | €0 | -€184 | -100% |
| Remuneration, social security and pensions | 62 | €270,123 | €295,561 | +€25,439 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,144 | €18,110 | +€3,966 | +28.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,876 | €0 | -€22,876 | -100% |
| Other operating charges | 640/8 | €19,102 | €1,702 | -€17,400 | -91.1% |
| Gross operating margin | 9900 | €375,018 | €408,612 | +€33,595 | +9.0% |
| Operating profit (loss) | 9901 | €48,773 | €93,238 | +€44,465 | +91.2% |
| Financial income | 75/76B | €1,726 | €1,136 | -€590 | -34.2% |
| Recurring financial income | 75 | €1,726 | €1,136 | -€590 | -34.2% |
| Financial charges | 65/66B | €3,381 | €4,208 | +€827 | +24.4% |
| Recurring financial charges | 65 | €3,381 | €4,208 | +€827 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €47,118 | €90,166 | +€43,049 | +91.4% |
| Income taxes | 67/77 | €20,272 | €28,448 | +€8,176 | +40.3% |
| Profit (loss) for the period | 9904 | €26,845 | €61,718 | +€34,873 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €26,845 | €61,718 | +€34,873 | +130% |
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.