STILACO: 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.
STILACO
Largest movements
- Tangible fixed assets +€574,922
new in 2025: €574,922
of which Land and buildings: +€512,832
- Current investments +€301,972
up €301,972 (+124%), from €243,626 to €545,598
- Financial fixed assets +€278,000
up €278,000 (+39.7%), from €700,000 to €978,000
- Cash -€28,396
down €28,396 (-31.8%), from €89,202 to €60,806
mainly Investment in fixed assets (net) (-€929,934) and Current investments (-€301,972)
- Debts after one year +€640,321
new in 2025: €640,321
- Reserves +€267,844
up €267,844 (+38.1%), from €702,845 to €970,689
- Tax, wage and social debts +€101,965
up €101,965 (+58.0%), from €175,779 to €277,743
of which Taxes: +€88,374
- Current portion of long-term debt +€90,604
new in 2025: €90,604
- Gross operating margin +€101,555
up €101,555 (+20.9%), from €486,061 to €587,616
- Depreciation +€77,012
new in 2025: €77,012
- Staff costs +€34,553
new in 2025: €34,553
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 | €1,081,475 | €2,213,518 | +€1.1m | +105% |
| Fixed assets | 21/28 | €700,000 | €1,552,922 | +€852,922 | +122% |
| Tangible fixed assets | 22/27 | - | €574,922 | +€574,922 | |
| Land and buildings | 22 | - | €512,832 | +€512,832 | |
| Furniture and vehicles | 24 | - | €62,090 | +€62,090 | |
| Financial fixed assets | 28 | €700,000 | €978,000 | +€278,000 | +39.7% |
| Current assets | 29/58 | €381,475 | €660,596 | +€279,122 | +73.2% |
| Amounts receivable within one year | 40/41 | €48,581 | €53,899 | +€5,319 | +10.9% |
| Trade receivables | 40 | €48,400 | €53,899 | +€5,499 | +11.4% |
| Other amounts receivable | 41 | €181 | - | -€181 | |
| Current investments | 50/53 | €243,626 | €545,598 | +€301,972 | +124% |
| Cash at bank and in hand | 54/58 | €89,202 | €60,806 | -€28,396 | -31.8% |
| Deferred charges and accrued income | 490/1 | €66 | €293 | +€227 | +343% |
| Total equity and liabilities | 10/49 | €1,081,475 | €2,213,518 | +€1.1m | +105% |
| Equity | 10/15 | €709,045 | €976,889 | +€267,844 | +37.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €702,845 | €970,689 | +€267,844 | +38.1% |
| Distributable reserves | 133 | €702,845 | €970,689 | +€267,844 | +38.1% |
| Amounts payable | 17/49 | €372,430 | €1,236,629 | +€864,199 | +232% |
| Amounts payable after more than one year | 17 | - | €640,321 | +€640,321 | |
| Financial debts | 170/4 | - | €640,321 | +€640,321 | |
| Amounts payable within one year | 42/48 | €372,430 | €581,308 | +€208,879 | +56.1% |
| Current portion of amounts payable after more than one year | 42 | - | €90,604 | +€90,604 | |
| Trade debts | 44 | €80 | €6,308 | +€6,228 | +7,780% |
| Suppliers | 440/4 | €80 | €6,308 | +€6,228 | +7,780% |
| Taxes, remuneration and social security | 45 | €175,779 | €277,743 | +€101,965 | +58.0% |
| Taxes | 450/3 | €175,779 | €264,152 | +€88,374 | +50.3% |
| Remuneration and social security | 454/9 | - | €13,591 | +€13,591 | |
| Other amounts payable | 47/48 | €196,571 | €206,652 | +€10,081 | +5.1% |
| Accrued charges and deferred income | 492/3 | - | €15,000 | +€15,000 | |
| Remuneration, social security and pensions | 62 | - | €34,553 | +€34,553 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €77,012 | +€77,012 | |
| Other operating charges | 640/8 | €869 | €2,439 | +€1,570 | +181% |
| Gross operating margin | 9900 | €486,061 | €587,616 | +€101,555 | +20.9% |
| Operating profit (loss) | 9901 | €485,191 | €473,612 | -€11,580 | -2.4% |
| Financial income | 75/76B | €627 | €2,965 | +€2,339 | +373% |
| Recurring financial income | 75 | €627 | €2,965 | +€2,339 | +373% |
| Financial charges | 65/66B | €9,351 | €14,342 | +€4,991 | +53.4% |
| Recurring financial charges | 65 | €9,351 | €14,342 | +€4,991 | +53.4% |
| Profit (loss) for the period before taxes | 9903 | €476,467 | €462,235 | -€14,232 | -3.0% |
| Income taxes | 67/77 | €153,086 | €149,391 | -€3,695 | -2.4% |
| Profit (loss) for the period | 9904 | €323,381 | €312,844 | -€10,537 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €323,381 | €312,844 | -€10,537 | -3.3% |
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 14 October 2026 via checked.be.