STIP MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets +€66,147
up €66,147 (+953%), from €6,944 to €73,092
- Cash +€18,536
up €18,536 (+35.4%), from €52,434 to €70,970
mainly Debts after one year (+€37,782) and Net result for the year (+€28,113)
- Receivables within one year -€4,841
down €4,841 (-84.4%), from €5,739 to €898
of which Other amounts receivable: -€4,880
- Debts after one year +€37,782
new in 2024: €37,782
of which Financial debts: +€37,682
- Reserves +€28,113
up €28,113 (+61.3%), from €45,853 to €73,966
- Current portion of long-term debt +€10,631
new in 2024: €10,631
- Tax, wage and social debts +€4,622
up €4,622 (+23.6%), from €19,606 to €24,228
- Depreciation +€12,643
up €12,643 (+1,700%), from €744 to €13,387
- Gross operating margin -€10,696
down €10,696 (-16.6%), from €64,446 to €53,750
- Taxes -€9,952
down €9,952 (-58.2%), from €17,090 to €7,138
- Financial charges +€1,683
up €1,683 (+4,745%), from €35 to €1,718
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.
Derived cash bridge
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 | €67,559 | €148,606 | +€81,047 | +120% |
| Fixed assets | 21/28 | €9,344 | €75,492 | +€66,147 | +708% |
| Tangible fixed assets | 22/27 | €6,944 | €73,092 | +€66,147 | +953% |
| Furniture and vehicles | 24 | €6,944 | €73,092 | +€66,147 | +953% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €58,214 | €73,114 | +€14,900 | +25.6% |
| Amounts receivable within one year | 40/41 | €5,739 | €898 | -€4,841 | -84.4% |
| Trade receivables | 40 | - | €39 | +€39 | |
| Other amounts receivable | 41 | €5,739 | €859 | -€4,880 | -85.0% |
| Cash at bank and in hand | 54/58 | €52,434 | €70,970 | +€18,536 | +35.4% |
| Deferred charges and accrued income | 490/1 | €42 | €1,247 | +€1,205 | +2,858% |
| Total equity and liabilities | 10/49 | €67,559 | €148,606 | +€81,047 | +120% |
| Equity | 10/15 | €47,853 | €75,966 | +€28,113 | +58.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €45,853 | €73,966 | +€28,113 | +61.3% |
| Distributable reserves | 133 | €45,853 | €73,966 | +€28,113 | +61.3% |
| Amounts payable | 17/49 | €19,706 | €72,640 | +€52,934 | +269% |
| Amounts payable after more than one year | 17 | - | €37,782 | +€37,782 | |
| Financial debts | 170/4 | - | €37,682 | +€37,682 | |
| Other amounts payable | 178/9 | - | €100 | +€100 | |
| Amounts payable within one year | 42/48 | €19,706 | €34,858 | +€15,152 | +76.9% |
| Current portion of amounts payable after more than one year | 42 | - | €10,631 | +€10,631 | |
| Trade debts | 44 | €101 | - | -€101 | |
| Suppliers | 440/4 | €101 | - | -€101 | |
| Taxes, remuneration and social security | 45 | €19,606 | €24,228 | +€4,622 | +23.6% |
| Taxes | 450/3 | €19,606 | €24,228 | +€4,622 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €744 | €13,387 | +€12,643 | +1,700% |
| Other operating charges | 640/8 | €725 | €1,173 | +€448 | +61.8% |
| Non-recurring operating charges | 66A | - | €2,221 | +€2,221 | |
| Gross operating margin | 9900 | €64,446 | €53,750 | -€10,696 | -16.6% |
| Operating profit (loss) | 9901 | €62,978 | €36,969 | -€26,008 | -41.3% |
| Financial charges | 65/66B | €35 | €1,718 | +€1,683 | +4,745% |
| Recurring financial charges | 65 | €35 | €1,718 | +€1,683 | +4,745% |
| Profit (loss) for the period before taxes | 9903 | €62,942 | €35,251 | -€27,691 | -44.0% |
| Income taxes | 67/77 | €17,090 | €7,138 | -€9,952 | -58.2% |
| Profit (loss) for the period | 9904 | €45,853 | €28,113 | -€17,739 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,853 | €28,113 | -€17,739 | -38.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.