STIP agency: 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.
STIP agency
Largest movements
- Receivables within one year -€34,072
down €34,072 (-76.2%), from €44,707 to €10,635
- Tangible fixed assets -€21,282
down €21,282 (-52.2%), from €40,746 to €19,464
of which Assets under construction and advance payments: -€13,679
- Cash +€2,149
up €2,149 (+26.6%), from €8,067 to €10,216
mainly Receivables within one year (+€34,072) and Investment in fixed assets (net) (+€13,679)
- Trade debts -€40,685
down €40,685 (-97.5%), from €41,724 to €1,039
- Debts after one year -€7,734
down €7,734 (-37.3%), from €20,754 to €13,020
- Contributions -€4,000
down €4,000 (-80.0%), from €5,000 to €1,000
- Profit (loss) carried forward -€3,099
down €3,099 (-16.6%), from -€18,665 to -€21,764
- Other debts +€2,951
up €2,951 (+8.1%), from €36,278 to €39,228
- Gross operating margin +€10,552
up €10,552, from -€3,125 to €7,427
- Depreciation -€3,344
down €3,344 (-30.6%), from €10,947 to €7,603
- Other operating charges -€858
down €858 (-50.2%), from €1,708 to €850
- Financial charges -€778
down €778 (-28.3%), from €2,746 to €1,967
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 | €93,519 | €41,187 | -€52,332 | -56.0% |
| Fixed assets | 21/28 | €40,746 | €19,464 | -€21,282 | -52.2% |
| Tangible fixed assets | 22/27 | €40,746 | €19,464 | -€21,282 | -52.2% |
| Furniture and vehicles | 24 | €27,067 | €19,464 | -€7,603 | -28.1% |
| Assets under construction and advance payments | 27 | €13,679 | - | -€13,679 | |
| Current assets | 29/58 | €52,773 | €21,723 | -€31,050 | -58.8% |
| Amounts receivable within one year | 40/41 | €44,707 | €10,635 | -€34,072 | -76.2% |
| Trade receivables | 40 | €44,707 | €10,635 | -€34,072 | -76.2% |
| Cash at bank and in hand | 54/58 | €8,067 | €10,216 | +€2,149 | +26.6% |
| Deferred charges and accrued income | 490/1 | - | €872 | +€872 | |
| Total equity and liabilities | 10/49 | €93,519 | €41,187 | -€52,332 | -56.0% |
| Equity | 10/15 | -€13,665 | -€20,764 | -€7,099 | -52.0% |
| Contributions | 10/11 | €5,000 | €1,000 | -€4,000 | -80.0% |
| Profit (loss) carried forward | 14 | -€18,665 | -€21,764 | -€3,099 | -16.6% |
| Amounts payable | 17/49 | €107,184 | €61,951 | -€45,233 | -42.2% |
| Amounts payable after more than one year | 17 | €20,754 | €13,020 | -€7,734 | -37.3% |
| Financial debts | 170/4 | €20,754 | €13,020 | -€7,734 | -37.3% |
| Amounts payable within one year | 42/48 | €86,430 | €48,931 | -€37,498 | -43.4% |
| Current portion of amounts payable after more than one year | 42 | €7,376 | €7,734 | +€358 | +4.8% |
| Trade debts | 44 | €41,724 | €1,039 | -€40,685 | -97.5% |
| Suppliers | 440/4 | €41,724 | €1,039 | -€40,685 | -97.5% |
| Taxes, remuneration and social security | 45 | €1,052 | €930 | -€122 | -11.6% |
| Taxes | 450/3 | €1,052 | €930 | -€122 | -11.6% |
| Other amounts payable | 47/48 | €36,278 | €39,228 | +€2,951 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,947 | €7,603 | -€3,344 | -30.6% |
| Other operating charges | 640/8 | €1,708 | €850 | -€858 | -50.2% |
| Gross operating margin | 9900 | -€3,125 | €7,427 | +€10,552 | |
| Operating profit (loss) | 9901 | -€15,781 | -€1,026 | +€14,754 | +93.5% |
| Financial income | 75/76B | €13 | €3 | -€9 | -73.5% |
| Recurring financial income | 75 | €13 | €3 | -€9 | -73.5% |
| Financial charges | 65/66B | €2,746 | €1,967 | -€778 | -28.3% |
| Recurring financial charges | 65 | €2,746 | €1,967 | -€778 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,514 | -€2,990 | +€15,524 | +83.8% |
| Income taxes | 67/77 | €151 | €109 | -€42 | -27.6% |
| Profit (loss) for the period | 9904 | -€18,665 | -€3,099 | +€15,565 | +83.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,665 | -€3,099 | +€15,565 | +83.4% |
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 13 October 2026 via checked.be.