STIGUR: 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.
STIGUR
Largest movements
- Tangible fixed assets +€2,373
up €2,373 (+223.4%), from €1,062 to €3,435
- Receivables within one year -€1,950
no longer reported in 2025 (was €1,950)
- Cash +€1,941
up €1,941 (+87.0%), from €2,232 to €4,172
mainly Other debts (+€2,717) and Receivables within one year (+€1,950)
- Deferred charges and accrued income +€603
new in 2025: €603
- Other debts +€2,717
up €2,717 (+55.4%), from €4,903 to €7,620
- Debts after one year -€2,040
no longer reported in 2025 (was €2,040)
- Trade debts +€1,417
up €1,417 (+272.3%), from €520 to €1,937
- Profit (loss) carried forward +€553
up €553 (+6.7%), from -€8,240 to -€7,687
- Accrued charges and deferred income +€300
new in 2025: €300
- Gross operating margin -€2,953
down €2,953 (-72.8%), from €4,053 to €1,101
- Depreciation +€361
up €361 (+3259.6%), from €11 to €372
- Financial charges -€117
down €117 (-78.9%), from €149 to €31
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 | €5,243 | €8,210 | +€2,967 | +56.6% |
| Fixed assets | 21/28 | €1,062 | €3,435 | +€2,373 | +223.4% |
| Tangible fixed assets | 22/27 | €1,062 | €3,435 | +€2,373 | +223.4% |
| Furniture and vehicles | 24 | €1,062 | €3,435 | +€2,373 | +223.4% |
| Current assets | 29/58 | €4,181 | €4,775 | +€594 | +14.2% |
| Amounts receivable within one year | 40/41 | €1,950 | - | -€1,950 | |
| Trade receivables | 40 | €1,950 | - | -€1,950 | |
| Cash at bank and in hand | 54/58 | €2,232 | €4,172 | +€1,941 | +87.0% |
| Deferred charges and accrued income | 490/1 | - | €603 | +€603 | |
| Total equity and liabilities | 10/49 | €5,243 | €8,210 | +€2,967 | +56.6% |
| Equity | 10/15 | -€4,240 | -€3,687 | +€553 | +13.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,240 | -€7,687 | +€553 | +6.7% |
| Amounts payable | 17/49 | €9,483 | €11,897 | +€2,413 | +25.4% |
| Amounts payable after more than one year | 17 | €2,040 | - | -€2,040 | |
| Financial debts | 170/4 | €2,040 | - | -€2,040 | |
| Amounts payable within one year | 42/48 | €7,443 | €11,597 | +€4,153 | +55.8% |
| Current portion of amounts payable after more than one year | 42 | €2,020 | €2,040 | +€20 | +1.0% |
| Trade debts | 44 | €520 | €1,937 | +€1,417 | +272.3% |
| Suppliers | 440/4 | €520 | €1,937 | +€1,417 | +272.3% |
| Other amounts payable | 47/48 | €4,903 | €7,620 | +€2,717 | +55.4% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11 | €372 | +€361 | +3259.6% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €4,053 | €1,101 | -€2,953 | -72.8% |
| Operating profit (loss) | 9901 | €3,902 | €585 | -€3,317 | -85.0% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €149 | €31 | -€117 | -78.9% |
| Recurring financial charges | 65 | €149 | €31 | -€117 | -78.9% |
| Profit (loss) for the period before taxes | 9903 | €3,756 | €553 | -€3,203 | -85.3% |
| Profit (loss) for the period | 9904 | €3,756 | €553 | -€3,203 | -85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,756 | €553 | -€3,203 | -85.3% |
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 30 September 2026 via checked.be.