StiGro: 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.
StiGro
Largest movements
- Receivables within one year -€15,647
down €15,647 (-99.1%), from €15,782 to €135
of which Trade receivables: -€15,782
- Tangible fixed assets +€7,167
up €7,167 (+13.0%), from €55,332 to €62,499
of which Furniture and vehicles: +€13,906
- Cash -€3,940
no longer reported in 2024 (was €3,940)
mainly Debts after one year (-€28,567) and Investment in fixed assets (net) (-€21,932)
- Stocks and contracts -€3,825
down €3,825 (-41.6%), from €9,205 to €5,380
- Intangible fixed assets -€2,957
down €2,957 (-15.5%), from €19,094 to €16,137
- Debts after one year -€28,567
no longer reported in 2024 (was €28,567)
- Current portion of long-term debt -€15,165
down €15,165 (-58.6%), from €25,868 to €10,703
- Trade debts +€10,184
up €10,184 (+25.8%), from €39,414 to €49,598
- Other debts +€6,164
up €6,164 (+18.3%), from €33,615 to €39,779
- Profit (loss) carried forward +€5,609
up €5,609 (+13.3%), from -€42,181 to -€36,571
- Purchases and services +€117,696
up €117,696 (+63.6%), from €185,191 to €302,886
- Gross operating margin +€18,424
up €18,424 (+32.4%), from €56,925 to €75,349
- Depreciation +€9,392
up €9,392 (+113%), from €8,330 to €17,722
- Staff costs -€3,046
down €3,046 (-6.6%), from €46,141 to €43,096
- Financial charges -€1,805
down €1,805 (-20.9%), from €8,647 to €6,842
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,353 | €84,151 | -€19,202 | -18.6% |
| Fixed assets | 21/28 | €74,426 | €78,636 | +€4,210 | +5.7% |
| Intangible fixed assets | 21 | €19,094 | €16,137 | -€2,957 | -15.5% |
| Tangible fixed assets | 22/27 | €55,332 | €62,499 | +€7,167 | +13.0% |
| Land and buildings | 22 | €7,480 | €6,408 | -€1,072 | -14.3% |
| Plant, machinery and equipment | 23 | €13,290 | €10,220 | -€3,069 | -23.1% |
| Furniture and vehicles | 24 | €13,343 | €27,249 | +€13,906 | +104% |
| Other tangible fixed assets | 26 | €21,219 | €18,621 | -€2,598 | -12.2% |
| Current assets | 29/58 | €28,927 | €5,515 | -€23,412 | -80.9% |
| Stocks and contracts in progress | 3 | €9,205 | €5,380 | -€3,825 | -41.6% |
| Stocks | 30/36 | €9,205 | €5,380 | -€3,825 | -41.6% |
| Amounts receivable within one year | 40/41 | €15,782 | €135 | -€15,647 | -99.1% |
| Trade receivables | 40 | €15,782 | - | -€15,782 | |
| Other amounts receivable | 41 | - | €135 | +€135 | |
| Cash at bank and in hand | 54/58 | €3,940 | - | -€3,940 | |
| Total equity and liabilities | 10/49 | €103,353 | €84,151 | -€19,202 | -18.6% |
| Equity | 10/15 | -€37,181 | -€31,571 | +€5,609 | +15.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,181 | -€36,571 | +€5,609 | +13.3% |
| Amounts payable | 17/49 | €140,534 | €115,722 | -€24,812 | -17.7% |
| Amounts payable after more than one year | 17 | €28,567 | - | -€28,567 | |
| Financial debts | 170/4 | €28,567 | - | -€28,567 | |
| Amounts payable within one year | 42/48 | €111,967 | €115,722 | +€3,755 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €25,868 | €10,703 | -€15,165 | -58.6% |
| Financial debts | 43 | - | €3,953 | +€3,953 | |
| Credit institutions | 430/8 | - | €3,953 | +€3,953 | |
| Trade debts | 44 | €39,414 | €49,598 | +€10,184 | +25.8% |
| Suppliers | 440/4 | €39,414 | €49,598 | +€10,184 | +25.8% |
| Taxes, remuneration and social security | 45 | €13,069 | €11,688 | -€1,381 | -10.6% |
| Taxes | 450/3 | €4,578 | €825 | -€3,754 | -82.0% |
| Remuneration and social security | 454/9 | €8,491 | €10,863 | +€2,372 | +27.9% |
| Other amounts payable | 47/48 | €33,615 | €39,779 | +€6,164 | +18.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €185,191 | €302,886 | +€117,696 | +63.6% |
| Remuneration, social security and pensions | 62 | €46,141 | €43,096 | -€3,046 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,330 | €17,722 | +€9,392 | +113% |
| Other operating charges | 640/8 | €1,566 | €2,085 | +€520 | +33.2% |
| Non-recurring operating charges | 66A | €24,273 | - | -€24,273 | |
| Gross operating margin | 9900 | €56,925 | €75,349 | +€18,424 | +32.4% |
| Operating profit (loss) | 9901 | -€23,385 | €12,446 | +€35,831 | |
| Financial income | 75/76B | €38 | €5 | -€33 | -86.7% |
| Recurring financial income | 75 | €38 | €5 | -€33 | -86.7% |
| Financial charges | 65/66B | €8,647 | €6,842 | -€1,805 | -20.9% |
| Recurring financial charges | 65 | €8,647 | €6,842 | -€1,805 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€31,994 | €5,609 | +€37,604 | |
| Profit (loss) for the period | 9904 | -€31,994 | €5,609 | +€37,604 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,994 | €5,609 | +€37,604 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.