STINOFIX: 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.
STINOFIX
Largest movements
- Cash -€68,671
down €68,671 (-95.4%), from €72,011 to €3,340
mainly Net result for the year (-€45,811) and Trade debts (-€27,828)
- Receivables within one year -€26,564
down €26,564 (-59.3%), from €44,832 to €18,268
of which Trade receivables: -€28,758
- Tangible fixed assets -€17,707
down €17,707 (-26.7%), from €66,312 to €48,605
of which Leasing and similar rights: -€14,894
- Profit (loss) carried forward -€45,811
down €45,811 (-91.0%), from €50,349 to €4,538
- Trade debts -€27,828
down €27,828 (-99.6%), from €27,939 to €111
- Tax, wage and social debts -€21,701
down €21,701 (-88.2%), from €24,591 to €2,890
of which Taxes: -€14,193
- Debts after one year -€16,716
down €16,716 (-37.9%), from €44,073 to €27,358
- Gross operating margin -€89,265
down €89,265, from €84,284 to -€4,981
- Staff costs -€21,017
down €21,017 (-49.9%), from €42,140 to €21,122
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 | €183,154 | €70,212 | -€112,942 | -61.7% |
| Fixed assets | 21/28 | €66,312 | €48,605 | -€17,707 | -26.7% |
| Tangible fixed assets | 22/27 | €66,312 | €48,605 | -€17,707 | -26.7% |
| Furniture and vehicles | 24 | €13,451 | €10,638 | -€2,813 | -20.9% |
| Leasing and similar rights | 25 | €52,861 | €37,967 | -€14,894 | -28.2% |
| Current assets | 29/58 | €116,842 | €21,607 | -€95,235 | -81.5% |
| Amounts receivable within one year | 40/41 | €44,832 | €18,268 | -€26,564 | -59.3% |
| Trade receivables | 40 | €28,758 | - | -€28,758 | |
| Other amounts receivable | 41 | €16,074 | €18,268 | +€2,194 | +13.6% |
| Cash at bank and in hand | 54/58 | €72,011 | €3,340 | -€68,671 | -95.4% |
| Total equity and liabilities | 10/49 | €183,154 | €70,212 | -€112,942 | -61.7% |
| Equity | 10/15 | €68,949 | €23,138 | -€45,811 | -66.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,349 | €4,538 | -€45,811 | -91.0% |
| Amounts payable | 17/49 | €114,205 | €47,074 | -€67,131 | -58.8% |
| Amounts payable after more than one year | 17 | €44,073 | €27,358 | -€16,716 | -37.9% |
| Financial debts | 170/4 | €44,073 | €27,358 | -€16,716 | -37.9% |
| Amounts payable within one year | 42/48 | €70,132 | €19,717 | -€50,415 | -71.9% |
| Current portion of amounts payable after more than one year | 42 | €17,601 | €16,716 | -€885 | -5.0% |
| Trade debts | 44 | €27,939 | €111 | -€27,828 | -99.6% |
| Suppliers | 440/4 | €27,939 | €111 | -€27,828 | -99.6% |
| Taxes, remuneration and social security | 45 | €24,591 | €2,890 | -€21,701 | -88.2% |
| Taxes | 450/3 | €16,591 | €2,398 | -€14,193 | -85.5% |
| Remuneration and social security | 454/9 | €8,000 | €492 | -€7,508 | -93.8% |
| Remuneration, social security and pensions | 62 | €42,140 | €21,122 | -€21,017 | -49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,949 | €17,707 | -€242 | -1.3% |
| Other operating charges | 640/8 | €673 | €473 | -€200 | -29.7% |
| Gross operating margin | 9900 | €84,284 | -€4,981 | -€89,265 | |
| Operating profit (loss) | 9901 | €23,522 | -€44,284 | -€67,805 | |
| Financial income | 75/76B | - | €439 | +€439 | |
| Recurring financial income | 75 | - | €439 | +€439 | |
| Financial charges | 65/66B | €2,069 | €1,967 | -€102 | -5.0% |
| Recurring financial charges | 65 | €2,069 | €1,967 | -€102 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €21,452 | -€45,811 | -€67,263 | |
| Income taxes | 67/77 | -€648 | - | +€648 | |
| Profit (loss) for the period | 9904 | €22,100 | -€45,811 | -€67,911 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,100 | -€45,811 | -€67,911 |
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 7 October 2026 via checked.be.