Stipa: 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.
What changed
Stipa
NACE 46.190, Agents in non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€50,921
2024 · €82,720-€31,798
Equity
€436,751
2024 · €406,414+€30,337
Cash
€153,915
2024 · €141,179+€12,735
Balance sheet total
€1.2m
2024 · €1.2m+€8,977
Largest movements
Assets
- Cash +€12,735
up €12,735 (+9.0%), from €141,179 to €153,915
mainly Depreciation (+€61,966) and Net result for the year (+€50,921)
Equity and liabilities
- Debts after one year -€43,489
down €43,489 (-9.2%), from €473,627 to €430,138
of which Financial debts: -€43,489
- Other debts +€28,839
up €28,839 (+21.7%), from €132,926 to €161,765
- Accrued charges and deferred income -€27,619
down €27,619 (-68.5%), from €40,338 to €12,719
- Tax, wage and social debts +€22,829
up €22,829 (+5,870%), from €389 to €23,218
- Profit (loss) carried forward +€20,611
up €20,611, from -€20,611 to €0
Income statement
- Gross operating margin -€37,102
down €37,102 (-19.1%), from €193,849 to €156,747
- Taxes -€12,313
down €12,313 (-33.4%), from €36,824 to €24,511
- Depreciation +€10,943
up €10,943 (+21.4%), from €51,023 to €61,966
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.
Result 2024
€82,720
Gross operating margin
-€37,102
Depreciation
-€10,943
Other operating charges
+€1,131
Financial income
+€1,255
Financial charges
+€1,664
Taxes
+€12,313
Deferred taxes and other
-€117
Result 2025
€50,921
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€141,530
Investment
-€65,840
Financing
-€62,955
Cash 2024
€141,179
From operations (derived)
+€141,530
Net result for the year
+€50,921
Depreciation
+€61,966
Receivables within one year
+€3,317
Deferred charges and accrued income
+€4,315
Provisions
-€921
Trade debts
-€2,117
Tax, wage and social debts
+€22,829
Other debts
+€28,839
Accrued charges and deferred income
-€27,619
Investment (derived)
-€65,840
Investment in fixed assets (net)
-€63,340
Current investments
-€2,500
Financing
-€62,955
Debts after one year
-€43,489
Current portion of long-term debt
+€1,118
Contributions, distributions and other
-€20,584
Cash 2025
€153,915
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,160,207 | €1,169,184 | +€8,977 | +0.8% |
| Fixed assets | 21/28 | €953,447 | €954,820 | +€1,373 | +0.1% |
| Tangible fixed assets | 22/27 | €951,571 | €952,945 | +€1,373 | +0.1% |
| Land and buildings | 22 | €828,254 | €806,979 | -€21,275 | -2.6% |
| Plant, machinery and equipment | 23 | €33,332 | €64,654 | +€31,321 | +94.0% |
| Furniture and vehicles | 24 | €89,985 | €81,312 | -€8,673 | -9.6% |
| Financial fixed assets | 28 | €1,876 | €1,876 | = | 0.0% |
| Current assets | 29/58 | €206,760 | €214,364 | +€7,603 | +3.7% |
| Amounts receivable within one year | 40/41 | €4,277 | €960 | -€3,317 | -77.6% |
| Trade receivables | 40 | €118 | €0 | -€118 | -100% |
| Other amounts receivable | 41 | €4,159 | €960 | -€3,200 | -76.9% |
| Current investments | 50/53 | €52,775 | €55,275 | +€2,500 | +4.7% |
| Cash at bank and in hand | 54/58 | €141,179 | €153,915 | +€12,735 | +9.0% |
| Deferred charges and accrued income | 490/1 | €8,529 | €4,215 | -€4,315 | -50.6% |
| Total equity and liabilities | 10/49 | €1,160,207 | €1,169,184 | +€8,977 | +0.8% |
| Equity | 10/15 | €406,414 | €436,751 | +€30,337 | +7.5% |
| Contributions | 10/11 | €200,008 | €200,008 | = | 0.0% |
| Reserves | 13 | €227,017 | €236,743 | +€9,727 | +4.3% |
| Tax-exempt reserves | 132 | €87,248 | €83,563 | -€3,685 | -4.2% |
| Distributable reserves | 133 | €139,769 | €153,180 | +€13,412 | +9.6% |
| Profit (loss) carried forward | 14 | -€20,611 | €0 | +€20,611 | |
| Provisions and deferred taxes | 16 | €59,771 | €58,850 | -€921 | -1.5% |
| Provisions for liabilities and charges | 160/5 | €37,959 | €37,959 | = | 0.0% |
| Pensions and similar obligations | 160 | €37,959 | €37,959 | = | 0.0% |
| Deferred taxes | 168 | €21,812 | €20,891 | -€921 | -4.2% |
| Amounts payable | 17/49 | €694,022 | €673,583 | -€20,439 | -2.9% |
| Amounts payable after more than one year | 17 | €473,627 | €430,138 | -€43,489 | -9.2% |
| Financial debts | 170/4 | €403,627 | €360,138 | -€43,489 | -10.8% |
| Other amounts payable | 178/9 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €180,057 | €230,726 | +€50,669 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €42,371 | €43,489 | +€1,118 | +2.6% |
| Trade debts | 44 | €4,370 | €2,254 | -€2,117 | -48.4% |
| Suppliers | 440/4 | €4,370 | €2,254 | -€2,117 | -48.4% |
| Taxes, remuneration and social security | 45 | €389 | €23,218 | +€22,829 | +5,870% |
| Taxes | 450/3 | €389 | €23,218 | +€22,829 | +5,870% |
| Other amounts payable | 47/48 | €132,926 | €161,765 | +€28,839 | +21.7% |
| Accrued charges and deferred income | 492/3 | €40,338 | €12,719 | -€27,619 | -68.5% |
| Non-recurring operating income | 76A | €8,124 | €0 | -€8,124 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,023 | €61,966 | +€10,943 | +21.4% |
| Other operating charges | 640/8 | €6,747 | €5,617 | -€1,131 | -16.8% |
| Gross operating margin | 9900 | €193,849 | €156,747 | -€37,102 | -19.1% |
| Operating profit (loss) | 9901 | €136,079 | €89,164 | -€46,914 | -34.5% |
| Financial income | 75/76B | €3,066 | €4,321 | +€1,255 | +40.9% |
| Recurring financial income | 75 | €3,066 | €4,321 | +€1,255 | +40.9% |
| Financial charges | 65/66B | €20,639 | €18,975 | -€1,664 | -8.1% |
| Recurring financial charges | 65 | €20,639 | €18,975 | -€1,664 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €118,505 | €74,511 | -€43,994 | -37.1% |
| Transfer from deferred taxes | 780 | €1,038 | €921 | -€117 | -11.3% |
| Income taxes | 67/77 | €36,824 | €24,511 | -€12,313 | -33.4% |
| Profit (loss) for the period | 9904 | €82,720 | €50,921 | -€31,798 | -38.4% |
| Transfer from tax-exempt reserves | 789 | €4,153 | €3,685 | -€468 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €86,873 | €54,606 | -€32,267 | -37.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.