STINE: 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.
STINE
Largest movements
- Cash -€90,247
down €90,247 (-76.1%), from €118,643 to €28,396
mainly Current investments (-€43,500) and Receivables after one year (-€43,321)
- Current investments +€43,500
new in 2025: €43,500
- Receivables after one year +€43,321
new in 2025: €43,321
- Intangible fixed assets -€5,818
no longer reported in 2025 (was €5,818)
- Receivables within one year +€1,976
up €1,976 (+37.1%), from €5,327 to €7,303
of which Other amounts receivable: +€1,720
- Other debts -€29,972
down €29,972 (-80.3%), from €37,302 to €7,331
- Reserves +€20,538
up €20,538 (+33.6%), from €61,108 to €81,646
- Trade debts +€4,893
up €4,893 (+3169.1%), from €154 to €5,048
- Tax, wage and social debts -€3,315
no longer reported in 2025 (was €3,315)
- Gross operating margin -€9,004
down €9,004 (-19.2%), from €46,893 to €37,888
- Depreciation -€2,335
down €2,335 (-26.8%), from €8,713 to €6,378
- Taxes +€1,192
up €1,192 (+13.1%), from €9,088 to €10,280
- Other operating charges +€526
new in 2025: €526
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 | €132,588 | €124,732 | -€7,856 | -5.9% |
| Fixed assets | 21/28 | €8,590 | €2,212 | -€6,378 | -74.2% |
| Intangible fixed assets | 21 | €5,818 | - | -€5,818 | |
| Tangible fixed assets | 22/27 | €2,772 | €2,212 | -€560 | -20.2% |
| Furniture and vehicles | 24 | €2,772 | €2,212 | -€560 | -20.2% |
| Current assets | 29/58 | €123,997 | €122,520 | -€1,478 | -1.2% |
| Amounts receivable after more than one year | 29 | - | €43,321 | +€43,321 | |
| Other amounts receivable | 291 | - | €43,321 | +€43,321 | |
| Amounts receivable within one year | 40/41 | €5,327 | €7,303 | +€1,976 | +37.1% |
| Trade receivables | 40 | - | €256 | +€256 | |
| Other amounts receivable | 41 | €5,327 | €7,047 | +€1,720 | +32.3% |
| Current investments | 50/53 | - | €43,500 | +€43,500 | |
| Cash at bank and in hand | 54/58 | €118,643 | €28,396 | -€90,247 | -76.1% |
| Deferred charges and accrued income | 490/1 | €28 | - | -€28 | |
| Total equity and liabilities | 10/49 | €132,588 | €124,732 | -€7,856 | -5.9% |
| Equity | 10/15 | €91,816 | €112,353 | +€20,538 | +22.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €61,108 | €81,646 | +€20,538 | +33.6% |
| Distributable reserves | 133 | €61,108 | €81,646 | +€20,538 | +33.6% |
| Profit (loss) carried forward | 14 | €28,708 | €28,708 | = | 0.0% |
| Amounts payable | 17/49 | €40,772 | €12,379 | -€28,393 | -69.6% |
| Amounts payable within one year | 42/48 | €40,772 | €12,379 | -€28,393 | -69.6% |
| Trade debts | 44 | €154 | €5,048 | +€4,893 | +3169.1% |
| Suppliers | 440/4 | €154 | €5,048 | +€4,893 | +3169.1% |
| Taxes, remuneration and social security | 45 | €3,315 | - | -€3,315 | |
| Taxes | 450/3 | €3,315 | - | -€3,315 | |
| Other amounts payable | 47/48 | €37,302 | €7,331 | -€29,972 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,713 | €6,378 | -€2,335 | -26.8% |
| Other operating charges | 640/8 | - | €526 | +€526 | |
| Gross operating margin | 9900 | €46,893 | €37,888 | -€9,004 | -19.2% |
| Operating profit (loss) | 9901 | €38,180 | €30,985 | -€7,195 | -18.8% |
| Financial income | 75/76B | €551 | €762 | +€210 | +38.2% |
| Recurring financial income | 75 | €551 | €762 | +€210 | +38.2% |
| Financial charges | 65/66B | €103 | €96 | -€7 | -6.4% |
| Recurring financial charges | 65 | €103 | €96 | -€7 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €38,628 | €31,650 | -€6,978 | -18.1% |
| Income taxes | 67/77 | €9,088 | €10,280 | +€1,192 | +13.1% |
| Profit (loss) for the period | 9904 | €29,541 | €21,371 | -€8,170 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,541 | €21,371 | -€8,170 | -27.7% |
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.