STIO: 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.
STIO
Largest movements
- Tangible fixed assets -€97,869
down €97,869 (-12.1%), from €807,120 to €709,251
- Receivables within one year +€71,711
up €71,711 (+125.3%), from €57,214 to €128,925
of which Other amounts receivable: +€77,496
- Cash +€27,996
up €27,996 (+9.1%), from €307,311 to €335,307
mainly Net result for the year (+€132,297) and Depreciation (+€116,938)
- Reserves +€112,297
up €112,297 (+48.4%), from €232,000 to €344,297
- Tax, wage and social debts -€84,433
down €84,433 (-48.6%), from €173,573 to €89,140
of which Remuneration and social security: -€56,544
- Debts after one year -€69,767
down €69,767 (-16.1%), from €432,318 to €362,551
- Trade debts +€41,183
up €41,183 (+95.1%), from €43,309 to €84,492
of which Suppliers: +€43,657
- Other debts +€19,000
new in 2024: €19,000
- Gross operating margin +€250,128
up €250,128 (+25.7%), from €973,950 to €1.2m
- Staff costs +€153,043
up €153,043 (+21.6%), from €708,224 to €861,267
- Depreciation +€24,393
up €24,393 (+26.4%), from €92,545 to €116,938
- Taxes +€22,836
up €22,836 (+66.2%), from €34,484 to €57,320
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,206,877 | €1,210,527 | +€3,650 | +0.3% |
| Fixed assets | 21/28 | €809,210 | €711,341 | -€97,869 | -12.1% |
| Tangible fixed assets | 22/27 | €807,120 | €709,251 | -€97,869 | -12.1% |
| Land and buildings | 22 | €467,962 | €448,190 | -€19,773 | -4.2% |
| Plant, machinery and equipment | 23 | €20,480 | €18,595 | -€1,885 | -9.2% |
| Furniture and vehicles | 24 | €156,261 | €114,432 | -€41,829 | -26.8% |
| Other tangible fixed assets | 26 | €162,417 | €128,035 | -€34,382 | -21.2% |
| Financial fixed assets | 28 | €2,090 | €2,090 | = | 0.0% |
| Current assets | 29/58 | €397,667 | €499,186 | +€101,519 | +25.5% |
| Stocks and contracts in progress | 3 | €27,326 | €29,824 | +€2,498 | +9.1% |
| Stocks | 30/36 | €27,326 | €29,824 | +€2,498 | +9.1% |
| Amounts receivable within one year | 40/41 | €57,214 | €128,925 | +€71,711 | +125.3% |
| Trade receivables | 40 | €13,224 | €7,438 | -€5,785 | -43.7% |
| Other amounts receivable | 41 | €43,990 | €121,486 | +€77,496 | +176.2% |
| Cash at bank and in hand | 54/58 | €307,311 | €335,307 | +€27,996 | +9.1% |
| Deferred charges and accrued income | 490/1 | €5,816 | €5,131 | -€685 | -11.8% |
| Total equity and liabilities | 10/49 | €1,206,877 | €1,210,527 | +€3,650 | +0.3% |
| Equity | 10/15 | €448,937 | €551,994 | +€103,057 | +23.0% |
| Contributions | 10/11 | €22,697 | €22,697 | = | 0.0% |
| Reserves | 13 | €232,000 | €344,297 | +€112,297 | +48.4% |
| Distributable reserves | 133 | €232,000 | €344,297 | +€112,297 | +48.4% |
| Profit (loss) carried forward | 14 | €87,096 | €87,096 | = | 0.0% |
| Investment grants | 15 | €107,144 | €97,904 | -€9,240 | -8.6% |
| Amounts payable | 17/49 | €757,940 | €658,534 | -€99,407 | -13.1% |
| Amounts payable after more than one year | 17 | €432,318 | €362,551 | -€69,767 | -16.1% |
| Financial debts | 170/4 | €432,318 | €362,551 | -€69,767 | -16.1% |
| Amounts payable within one year | 42/48 | €325,622 | €295,983 | -€29,640 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €108,741 | €103,351 | -€5,390 | -5.0% |
| Trade debts | 44 | €43,309 | €84,492 | +€41,183 | +95.1% |
| Suppliers | 440/4 | €40,835 | €84,492 | +€43,657 | +106.9% |
| Bills of exchange payable | 441 | €2,474 | - | -€2,474 | |
| Taxes, remuneration and social security | 45 | €173,573 | €89,140 | -€84,433 | -48.6% |
| Taxes | 450/3 | €36,124 | €8,235 | -€27,889 | -77.2% |
| Remuneration and social security | 454/9 | €137,449 | €80,905 | -€56,544 | -41.1% |
| Other amounts payable | 47/48 | - | €19,000 | +€19,000 | |
| Remuneration, social security and pensions | 62 | €708,224 | €861,267 | +€153,043 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,545 | €116,938 | +€24,393 | +26.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €11,096 | €10,971 | -€125 | -1.1% |
| Other operating charges | 640/8 | €10,673 | €12,173 | +€1,501 | +14.1% |
| Non-recurring operating charges | 66A | €305 | €400 | +€95 | +31.1% |
| Gross operating margin | 9900 | €973,950 | €1,224,078 | +€250,128 | +25.7% |
| Operating profit (loss) | 9901 | €151,107 | €222,328 | +€71,221 | +47.1% |
| Financial income | 75/76B | €9,244 | €9,275 | +€31 | +0.3% |
| Recurring financial income | 75 | €9,244 | €9,275 | +€31 | +0.3% |
| Financial charges | 65/66B | €38,954 | €41,987 | +€3,033 | +7.8% |
| Recurring financial charges | 65 | €38,954 | €41,987 | +€3,033 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €121,398 | €189,617 | +€68,219 | +56.2% |
| Income taxes | 67/77 | €34,484 | €57,320 | +€22,836 | +66.2% |
| Profit (loss) for the period | 9904 | €86,914 | €132,297 | +€45,383 | +52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €86,914 | €132,297 | +€45,383 | +52.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.