STIGREM: 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.
STIGREM
Largest movements
- Receivables within one year +€10,980
up €10,980 (+155%), from €7,086 to €18,066
of which Trade receivables: +€9,101
- Cash -€3,152
down €3,152 (-3.7%), from €85,215 to €82,063
mainly Receivables within one year (-€10,980) and Tax, wage and social debts (-€9,754)
- Reserves +€16,551
up €16,551 (+21.7%), from €76,395 to €92,945
- Tax, wage and social debts -€9,754
down €9,754 (-82.6%), from €11,807 to €2,053
- Other debts +€1,480
up €1,480 (+74.1%), from €1,998 to €3,478
- Gross operating margin -€1,859
down €1,859 (-6.9%), from €26,926 to €25,067
- Depreciation -€549
down €549 (-16.2%), from €3,382 to €2,834
- Taxes -€406
down €406 (-7.3%), from €5,527 to €5,121
- Other operating charges -€334
down €334 (-47.0%), from €710 to €377
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 | €95,250 | €103,603 | +€8,353 | +8.8% |
| Fixed assets | 21/28 | €2,949 | €2,790 | -€158 | -5.4% |
| Tangible fixed assets | 22/27 | €2,949 | €2,790 | -€158 | -5.4% |
| Plant, machinery and equipment | 23 | €1,325 | €2,790 | +€1,465 | +111% |
| Furniture and vehicles | 24 | €1,623 | €0 | -€1,623 | -100% |
| Current assets | 29/58 | €92,301 | €100,813 | +€8,511 | +9.2% |
| Amounts receivable within one year | 40/41 | €7,086 | €18,066 | +€10,980 | +155% |
| Trade receivables | 40 | €2,614 | €11,715 | +€9,101 | +348% |
| Other amounts receivable | 41 | €4,473 | €6,351 | +€1,879 | +42.0% |
| Cash at bank and in hand | 54/58 | €85,215 | €82,063 | -€3,152 | -3.7% |
| Deferred charges and accrued income | 490/1 | €0 | €683 | +€683 | |
| Total equity and liabilities | 10/49 | €95,250 | €103,603 | +€8,353 | +8.8% |
| Equity | 10/15 | €81,395 | €97,945 | +€16,551 | +20.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €76,395 | €92,945 | +€16,551 | +21.7% |
| Distributable reserves | 133 | €76,395 | €92,945 | +€16,551 | +21.7% |
| Amounts payable | 17/49 | €13,855 | €5,658 | -€8,198 | -59.2% |
| Amounts payable within one year | 42/48 | €13,855 | €5,658 | -€8,198 | -59.2% |
| Trade debts | 44 | €51 | €127 | +€76 | +150% |
| Suppliers | 440/4 | €51 | €127 | +€76 | +150% |
| Taxes, remuneration and social security | 45 | €11,807 | €2,053 | -€9,754 | -82.6% |
| Taxes | 450/3 | €11,807 | €2,053 | -€9,754 | -82.6% |
| Other amounts payable | 47/48 | €1,998 | €3,478 | +€1,480 | +74.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,382 | €2,834 | -€549 | -16.2% |
| Other operating charges | 640/8 | €710 | €377 | -€334 | -47.0% |
| Gross operating margin | 9900 | €26,926 | €25,067 | -€1,859 | -6.9% |
| Operating profit (loss) | 9901 | €22,833 | €21,857 | -€976 | -4.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €54 | €185 | +€131 | +242% |
| Recurring financial charges | 65 | €54 | €185 | +€131 | +242% |
| Profit (loss) for the period before taxes | 9903 | €22,779 | €21,672 | -€1,107 | -4.9% |
| Income taxes | 67/77 | €5,527 | €5,121 | -€406 | -7.3% |
| Profit (loss) for the period | 9904 | €17,252 | €16,551 | -€701 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,252 | €16,551 | -€701 | -4.1% |
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 15 October 2026 via checked.be.