STIKR: 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.
STIKR
Largest movements
- Cash +€16,124
new in 2025: €16,124
mainly Depreciation (+€35,074) and Other debts (+€29,601)
- Deferred charges and accrued income -€11,424
down €11,424 (-100%), from €11,424 to €0
- Tangible fixed assets -€7,545
down €7,545 (-4.1%), from €185,258 to €177,713
of which Plant, machinery and equipment: -€10,733
- Receivables within one year -€6,517
down €6,517 (-4.4%), from €146,523 to €140,006
of which Other amounts receivable: -€11,908
- Profit (loss) carried forward -€79,542
down €79,542 (-327%), from -€24,306 to -€103,849
- Other debts +€29,601
new in 2025: €29,601
- Trade debts +€28,194
up €28,194 (+105%), from €26,796 to €54,990
- Tax, wage and social debts +€27,571
up €27,571 (+72.7%), from €37,923 to €65,494
of which Remuneration and social security: +€39,893
- Debts after one year -€16,707
down €16,707 (-29.9%), from €55,934 to €39,227
- Staff costs -€10,210
down €10,210 (-4.3%), from €237,788 to €227,579
- Gross operating margin +€10,096
up €10,096 (+4.5%), from €224,559 to €234,655
- Depreciation +€7,468
up €7,468 (+27.1%), from €27,605 to €35,074
- Financial charges +€4,431
up €4,431 (+83.4%), from €5,312 to €9,744
- Other operating charges +€2,363
up €2,363 (+131%), from €1,810 to €4,174
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 | €379,023 | €370,245 | -€8,777 | -2.3% |
| Fixed assets | 21/28 | €185,258 | €177,713 | -€7,545 | -4.1% |
| Tangible fixed assets | 22/27 | €185,258 | €177,713 | -€7,545 | -4.1% |
| Land and buildings | 22 | €68,799 | €68,002 | -€797 | -1.2% |
| Plant, machinery and equipment | 23 | €116,459 | €105,726 | -€10,733 | -9.2% |
| Furniture and vehicles | 24 | - | €2,364 | +€2,364 | |
| Other tangible fixed assets | 26 | - | €1,621 | +€1,621 | |
| Current assets | 29/58 | €193,764 | €192,532 | -€1,232 | -0.6% |
| Stocks and contracts in progress | 3 | €35,818 | €36,402 | +€584 | +1.6% |
| Stocks | 30/36 | €35,818 | €36,402 | +€584 | +1.6% |
| Amounts receivable within one year | 40/41 | €146,523 | €140,006 | -€6,517 | -4.4% |
| Trade receivables | 40 | €134,615 | €140,006 | +€5,392 | +4.0% |
| Other amounts receivable | 41 | €11,908 | €0 | -€11,908 | -100% |
| Cash at bank and in hand | 54/58 | - | €16,124 | +€16,124 | |
| Deferred charges and accrued income | 490/1 | €11,424 | €0 | -€11,424 | -100% |
| Total equity and liabilities | 10/49 | €379,023 | €370,245 | -€8,777 | -2.3% |
| Equity | 10/15 | €181,748 | €102,206 | -€79,542 | -43.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €187,455 | €187,455 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €0 | = | |
| Distributable reserves | 133 | €185,595 | €187,455 | +€1,860 | +1.0% |
| Profit (loss) carried forward | 14 | -€24,306 | -€103,849 | -€79,542 | -327% |
| Amounts payable | 17/49 | €197,275 | €268,040 | +€70,765 | +35.9% |
| Amounts payable after more than one year | 17 | €55,934 | €39,227 | -€16,707 | -29.9% |
| Financial debts | 170/4 | €55,934 | €39,227 | -€16,707 | -29.9% |
| Amounts payable within one year | 42/48 | €141,341 | €228,812 | +€87,472 | +61.9% |
| Current portion of amounts payable after more than one year | 42 | €12,846 | €22,751 | +€9,906 | +77.1% |
| Financial debts | 43 | €63,777 | €55,976 | -€7,800 | -12.2% |
| Credit institutions | 430/8 | €7,829 | €51,058 | +€43,229 | +552% |
| Other loans | 439 | €55,947 | €4,918 | -€51,029 | -91.2% |
| Trade debts | 44 | €26,796 | €54,990 | +€28,194 | +105% |
| Suppliers | 440/4 | €26,796 | €54,990 | +€28,194 | +105% |
| Taxes, remuneration and social security | 45 | €37,923 | €65,494 | +€27,571 | +72.7% |
| Taxes | 450/3 | €37,923 | €25,601 | -€12,322 | -32.5% |
| Remuneration and social security | 454/9 | - | €39,893 | +€39,893 | |
| Other amounts payable | 47/48 | - | €29,601 | +€29,601 | |
| Remuneration, social security and pensions | 62 | €237,788 | €227,579 | -€10,210 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,605 | €35,074 | +€7,468 | +27.1% |
| Other operating charges | 640/8 | €1,810 | €4,174 | +€2,363 | +131% |
| Non-recurring operating charges | 66A | - | €37,020 | +€37,020 | |
| Gross operating margin | 9900 | €224,559 | €234,655 | +€10,096 | +4.5% |
| Operating profit (loss) | 9901 | -€42,645 | -€69,192 | -€26,547 | -62.3% |
| Financial income | 75/76B | €765 | €0 | -€765 | -100% |
| Recurring financial income | 75 | €765 | €0 | -€765 | -100% |
| Financial charges | 65/66B | €5,312 | €9,744 | +€4,431 | +83.4% |
| Recurring financial charges | 65 | €5,312 | €9,744 | +€4,431 | +83.4% |
| Profit (loss) for the period before taxes | 9903 | -€47,192 | -€78,935 | -€31,743 | -67.3% |
| Income taxes | 67/77 | €227 | €607 | +€380 | +168% |
| Profit (loss) for the period | 9904 | -€47,419 | -€79,542 | -€32,124 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,419 | -€79,542 | -€32,124 | -67.7% |
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.