STIP UP: what changed
STIP UP
Largest movements
- Receivables within one year +€33,180
up €33,180 (+775%), from €4,280 to €37,460
of which Trade receivables: +€36,773
- Tangible fixed assets -€900
down €900 (-10.8%), from €8,303 to €7,402
of which Furniture and vehicles: -€629
- Other debts +€17,818
up €17,818 (+184%), from €9,684 to €27,501
- Trade debts +€9,771
up €9,771 (+957%), from €1,021 to €10,791
- Tax, wage and social debts +€8,446
up €8,446 (+754%), from €1,120 to €9,566
of which Taxes: +€8,446
- Reserves -€3,779
down €3,779 (-100%), from €3,779 to €0
- Gross operating margin -€75,313
down €75,313 (-61.3%), from €122,935 to €47,622
- Taxes -€11,542
down €11,542 (-46.7%), from €24,737 to €13,196
- Depreciation -€2,979
down €2,979 (-53.0%), from €5,619 to €2,640
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,603 | €62,859 | +€32,256 | +105% |
| Formation expenses | 20 | €38 | €0 | -€38 | -100% |
| Fixed assets | 21/28 | €8,463 | €7,402 | -€1,061 | -12.5% |
| Intangible fixed assets | 21 | €160 | €0 | -€160 | -100% |
| Tangible fixed assets | 22/27 | €8,303 | €7,402 | -€900 | -10.8% |
| Furniture and vehicles | 24 | €6,272 | €5,643 | -€629 | -10.0% |
| Other tangible fixed assets | 26 | €2,031 | €1,759 | -€272 | -13.4% |
| Current assets | 29/58 | €22,102 | €55,456 | +€33,354 | +151% |
| Amounts receivable within one year | 40/41 | €4,280 | €37,460 | +€33,180 | +775% |
| Trade receivables | 40 | €290 | €37,063 | +€36,773 | +12,680% |
| Other amounts receivable | 41 | €3,990 | €397 | -€3,594 | -90.1% |
| Cash at bank and in hand | 54/58 | €17,038 | €16,868 | -€169 | -1.0% |
| Deferred charges and accrued income | 490/1 | €784 | €1,128 | +€344 | +43.9% |
| Total equity and liabilities | 10/49 | €30,603 | €62,859 | +€32,256 | +105% |
| Equity | 10/15 | €18,779 | €15,000 | -€3,779 | -20.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €3,779 | €0 | -€3,779 | -100% |
| Distributable reserves | 133 | €3,779 | €0 | -€3,779 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,824 | €47,859 | +€36,034 | +305% |
| Amounts payable within one year | 42/48 | €11,824 | €47,859 | +€36,034 | +305% |
| Trade debts | 44 | €1,021 | €10,791 | +€9,771 | +957% |
| Suppliers | 440/4 | €1,021 | €10,791 | +€9,771 | +957% |
| Taxes, remuneration and social security | 45 | €1,120 | €9,566 | +€8,446 | +754% |
| Taxes | 450/3 | €0 | €8,446 | +€8,446 | |
| Remuneration and social security | 454/9 | €1,120 | €1,120 | = | 0.0% |
| Other amounts payable | 47/48 | €9,684 | €27,501 | +€17,818 | +184% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,619 | €2,640 | -€2,979 | -53.0% |
| Other operating charges | 640/8 | €828 | €788 | -€40 | -4.9% |
| Gross operating margin | 9900 | €122,935 | €47,622 | -€75,313 | -61.3% |
| Operating profit (loss) | 9901 | €116,488 | €44,194 | -€72,294 | -62.1% |
| Financial income | 75/76B | €0 | €1 | +€1 | +3,000% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +3,000% |
| Financial charges | 65/66B | €298 | €508 | +€210 | +70.7% |
| Recurring financial charges | 65 | €298 | €508 | +€210 | +70.7% |
| Profit (loss) for the period before taxes | 9903 | €116,190 | €43,687 | -€72,504 | -62.4% |
| Income taxes | 67/77 | €24,737 | €13,196 | -€11,542 | -46.7% |
| Profit (loss) for the period | 9904 | €91,453 | €30,491 | -€60,962 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €91,453 | €30,491 | -€60,962 | -66.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.