STIKOLI: 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.
STIKOLI
Largest movements
- Tangible fixed assets -€18,298
down €18,298 (-30.0%), from €60,964 to €42,666
of which Furniture and vehicles: -€17,654
- Cash +€5,420
up €5,420 (+9.6%), from €56,476 to €61,896
mainly Depreciation (+€21,285) and Net result for the year (+€5,580)
- Receivables within one year +€4,255
up €4,255 (+27.9%), from €15,246 to €19,500
of which Trade receivables: +€3,763
- Debts after one year -€14,651
down €14,651 (-80.4%), from €18,211 to €3,560
- Other debts -€4,848
down €4,848 (-6.6%), from €73,274 to €68,426
- Accrued charges and deferred income +€4,359
up €4,359 (+13.5%), from €32,239 to €36,597
- Tax, wage and social debts +€4,217
up €4,217 (+49.5%), from €8,516 to €12,733
- Short-term financial debts +€3,488
new in 2025: €3,488
- Gross operating margin +€9,906
up €9,906 (+21.9%), from €45,205 to €55,112
- Financial charges +€8,994
up €8,994 (+52.9%), from €17,005 to €25,999
- Depreciation +€1,574
up €1,574 (+8.0%), from €19,711 to €21,285
- Financial income +€1,161
up €1,161 (+187%), from €622 to €1,782
- Taxes +€975
up €975 (+31.9%), from €3,054 to €4,029
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 | €175,235 | €166,612 | -€8,623 | -4.9% |
| Fixed assets | 21/28 | €60,964 | €42,666 | -€18,298 | -30.0% |
| Tangible fixed assets | 22/27 | €60,964 | €42,666 | -€18,298 | -30.0% |
| Plant, machinery and equipment | 23 | €9,349 | €8,705 | -€644 | -6.9% |
| Furniture and vehicles | 24 | €51,615 | €33,961 | -€17,654 | -34.2% |
| Current assets | 29/58 | €114,271 | €123,946 | +€9,675 | +8.5% |
| Amounts receivable within one year | 40/41 | €15,246 | €19,500 | +€4,255 | +27.9% |
| Trade receivables | 40 | €12,282 | €16,045 | +€3,763 | +30.6% |
| Other amounts receivable | 41 | €2,964 | €3,456 | +€492 | +16.6% |
| Current investments | 50/53 | €42,550 | €42,550 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €56,476 | €61,896 | +€5,420 | +9.6% |
| Total equity and liabilities | 10/49 | €175,235 | €166,612 | -€8,623 | -4.9% |
| Equity | 10/15 | €41,316 | €41,363 | +€47 | +0.1% |
| Reserves | 13 | €41,316 | €41,363 | +€47 | +0.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €39,456 | €39,503 | +€47 | +0.1% |
| Amounts payable | 17/49 | €133,919 | €125,249 | -€8,671 | -6.5% |
| Amounts payable after more than one year | 17 | €18,211 | €3,560 | -€14,651 | -80.4% |
| Financial debts | 170/4 | €18,211 | €3,560 | -€14,651 | -80.4% |
| Amounts payable within one year | 42/48 | €83,470 | €85,091 | +€1,621 | +1.9% |
| Financial debts | 43 | - | €3,488 | +€3,488 | |
| Credit institutions | 430/8 | - | €3,488 | +€3,488 | |
| Trade debts | 44 | €1,680 | €444 | -€1,236 | -73.6% |
| Suppliers | 440/4 | €1,680 | €444 | -€1,236 | -73.6% |
| Taxes, remuneration and social security | 45 | €8,516 | €12,733 | +€4,217 | +49.5% |
| Taxes | 450/3 | €8,516 | €12,733 | +€4,217 | +49.5% |
| Other amounts payable | 47/48 | €73,274 | €68,426 | -€4,848 | -6.6% |
| Accrued charges and deferred income | 492/3 | €32,239 | €36,597 | +€4,359 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,711 | €21,285 | +€1,574 | +8.0% |
| Gross operating margin | 9900 | €45,205 | €55,112 | +€9,906 | +21.9% |
| Operating profit (loss) | 9901 | €25,494 | €33,827 | +€8,333 | +32.7% |
| Financial income | 75/76B | €622 | €1,782 | +€1,161 | +187% |
| Recurring financial income | 75 | €622 | €1,782 | +€1,161 | +187% |
| Financial charges | 65/66B | €17,005 | €25,999 | +€8,994 | +52.9% |
| Recurring financial charges | 65 | €17,005 | €25,999 | +€8,994 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | €9,111 | €9,610 | +€499 | +5.5% |
| Income taxes | 67/77 | €3,054 | €4,029 | +€975 | +31.9% |
| Profit (loss) for the period | 9904 | €6,057 | €5,580 | -€476 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,057 | €5,580 | -€476 | -7.9% |
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 17 October 2026 via checked.be.