STILTEN: 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.
STILTEN
Largest movements
- Receivables within one year -€748
down €748 (-43.7%), from €1,713 to €965
of which Other amounts receivable: -€765
- Stocks and contracts -€673
down €673 (-1.7%), from €40,377 to €39,703
- Profit (loss) carried forward -€19,353
down €19,353 (-8.0%), from -€243,314 to -€262,667
- Other debts +€17,216
up €17,216 (+8.2%), from €210,522 to €227,738
- Trade debts +€1,468
up €1,468 (+150.6%), from €975 to €2,443
- Tax, wage and social debts -€585
down €585 (-66.1%), from €885 to €300
- Gross operating margin +€2,065
up €2,065 (+10.2%), from -€20,325 to -€18,261
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 | €44,056 | €42,802 | -€1,254 | -2.8% |
| Fixed assets | 21/28 | €1,235 | €1,235 | = | 0.0% |
| Financial fixed assets | 28 | €1,235 | €1,235 | = | 0.0% |
| Current assets | 29/58 | €42,821 | €41,567 | -€1,254 | -2.9% |
| Stocks and contracts in progress | 3 | €40,377 | €39,703 | -€673 | -1.7% |
| Stocks | 30/36 | €40,377 | €39,703 | -€673 | -1.7% |
| Amounts receivable within one year | 40/41 | €1,713 | €965 | -€748 | -43.7% |
| Trade receivables | 40 | €638 | €654 | +€17 | +2.7% |
| Other amounts receivable | 41 | €1,076 | €311 | -€765 | -71.1% |
| Cash at bank and in hand | 54/58 | €86 | €246 | +€160 | +185.7% |
| Deferred charges and accrued income | 490/1 | €645 | €652 | +€7 | +1.1% |
| Total equity and liabilities | 10/49 | €44,056 | €42,802 | -€1,254 | -2.8% |
| Equity | 10/15 | -€193,115 | -€212,469 | -€19,353 | -10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,598 | €31,598 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €29,739 | €29,739 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€243,314 | -€262,667 | -€19,353 | -8.0% |
| Amounts payable | 17/49 | €237,171 | €255,270 | +€18,099 | +7.6% |
| Amounts payable after more than one year | 17 | €24,789 | €24,789 | = | 0.0% |
| Financial debts | 170/4 | €24,789 | €24,789 | = | 0.0% |
| Amounts payable within one year | 42/48 | €212,382 | €230,481 | +€18,099 | +8.5% |
| Trade debts | 44 | €975 | €2,443 | +€1,468 | +150.6% |
| Suppliers | 440/4 | €975 | €2,443 | +€1,468 | +150.6% |
| Taxes, remuneration and social security | 45 | €885 | €300 | -€585 | -66.1% |
| Taxes | 450/3 | €885 | €300 | -€585 | -66.1% |
| Other amounts payable | 47/48 | €210,522 | €227,738 | +€17,216 | +8.2% |
| Other operating charges | 640/8 | €942 | €958 | +€16 | +1.7% |
| Gross operating margin | 9900 | -€20,325 | -€18,261 | +€2,065 | +10.2% |
| Operating profit (loss) | 9901 | -€21,267 | -€19,219 | +€2,049 | +9.6% |
| Financial charges | 65/66B | €173 | €135 | -€38 | -22.0% |
| Recurring financial charges | 65 | €173 | €135 | -€38 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€21,440 | -€19,353 | +€2,087 | +9.7% |
| Profit (loss) for the period | 9904 | -€21,440 | -€19,353 | +€2,087 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,440 | -€19,353 | +€2,087 | +9.7% |
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 5 October 2026 via checked.be.