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.
STIPA
Largest movements
- Cash +€49,684
up €49,684 (+1,356%), from €3,663 to €53,346
mainly Tax, wage and social debts (+€59,528) and Other debts (+€34,632)
- Receivables within one year +€9,258
up €9,258 (+2.8%), from €329,101 to €338,359
of which Trade receivables: +€7,958
- Deferred charges and accrued income -€6,840
down €6,840 (-92.9%), from €7,363 to €522
- Tax, wage and social debts +€59,528
up €59,528 (+63.5%), from €93,737 to €153,265
of which Remuneration and social security: +€48,366
- Trade debts -€35,397
down €35,397 (-32.6%), from €108,743 to €73,346
- Other debts +€34,632
up €34,632 (+3,755%), from €922 to €35,554
- Profit (loss) carried forward +€28,303
up €28,303 (+29.1%), from €97,329 to €125,632
- Current portion of long-term debt -€14,277
down €14,277 (-54.1%), from €26,401 to €12,125
- Gross operating margin +€95,933
up €95,933 (+39.4%), from €243,670 to €339,603
- Staff costs +€74,805
up €74,805 (+41.7%), from €179,496 to €254,301
- Financial charges +€28,240
up €28,240 (+134%), from €21,133 to €49,373
- Other operating charges -€6,843
down €6,843 (-62.5%), from €10,942 to €4,100
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 | €593,656 | €648,238 | +€54,582 | +9.2% |
| Fixed assets | 21/28 | €21,456 | €21,604 | +€148 | +0.7% |
| Tangible fixed assets | 22/27 | €10,274 | €10,422 | +€148 | +1.4% |
| Plant, machinery and equipment | 23 | €2,091 | €2,915 | +€824 | +39.4% |
| Furniture and vehicles | 24 | €8,183 | €7,506 | -€677 | -8.3% |
| Financial fixed assets | 28 | €11,182 | €11,182 | = | 0.0% |
| Current assets | 29/58 | €572,199 | €626,634 | +€54,434 | +9.5% |
| Stocks and contracts in progress | 3 | €232,073 | €234,406 | +€2,333 | +1.0% |
| Stocks | 30/36 | €39,516 | €45,444 | +€5,927 | +15.0% |
| Contracts in progress | 37 | €192,557 | €188,962 | -€3,595 | -1.9% |
| Amounts receivable within one year | 40/41 | €329,101 | €338,359 | +€9,258 | +2.8% |
| Trade receivables | 40 | €322,376 | €330,334 | +€7,958 | +2.5% |
| Other amounts receivable | 41 | €6,725 | €8,025 | +€1,300 | +19.3% |
| Cash at bank and in hand | 54/58 | €3,663 | €53,346 | +€49,684 | +1,356% |
| Deferred charges and accrued income | 490/1 | €7,363 | €522 | -€6,840 | -92.9% |
| Total equity and liabilities | 10/49 | €593,656 | €648,238 | +€54,582 | +9.2% |
| Equity | 10/15 | €119,329 | €147,632 | +€28,303 | +23.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,329 | €125,632 | +€28,303 | +29.1% |
| Amounts payable | 17/49 | €474,327 | €500,606 | +€26,279 | +5.5% |
| Amounts payable after more than one year | 17 | €36,275 | €24,150 | -€12,125 | -33.4% |
| Financial debts | 170/4 | €36,275 | €24,150 | -€12,125 | -33.4% |
| Amounts payable within one year | 42/48 | €438,052 | €474,282 | +€36,230 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €26,401 | €12,125 | -€14,277 | -54.1% |
| Financial debts | 43 | €208,020 | €199,993 | -€8,028 | -3.9% |
| Credit institutions | 430/8 | €208,020 | €199,993 | -€8,028 | -3.9% |
| Trade debts | 44 | €108,743 | €73,346 | -€35,397 | -32.6% |
| Suppliers | 440/4 | €108,743 | €73,346 | -€35,397 | -32.6% |
| Advances received on contracts in progress | 46 | €228 | - | -€228 | |
| Taxes, remuneration and social security | 45 | €93,737 | €153,265 | +€59,528 | +63.5% |
| Taxes | 450/3 | €16,456 | €27,618 | +€11,162 | +67.8% |
| Remuneration and social security | 454/9 | €77,281 | €125,647 | +€48,366 | +62.6% |
| Other amounts payable | 47/48 | €922 | €35,554 | +€34,632 | +3,755% |
| Accrued charges and deferred income | 492/3 | - | €2,174 | +€2,174 | |
| Remuneration, social security and pensions | 62 | €179,496 | €254,301 | +€74,805 | +41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,470 | €3,526 | +€56 | +1.6% |
| Other operating charges | 640/8 | €10,942 | €4,100 | -€6,843 | -62.5% |
| Non-recurring operating charges | 66A | €15,009 | - | -€15,009 | |
| Gross operating margin | 9900 | €243,670 | €339,603 | +€95,933 | +39.4% |
| Operating profit (loss) | 9901 | €34,752 | €77,676 | +€42,924 | +124% |
| Financial income | 75/76B | €3,184 | - | -€3,184 | |
| Recurring financial income | 75 | €3,184 | - | -€3,184 | |
| Financial charges | 65/66B | €21,133 | €49,373 | +€28,240 | +134% |
| Recurring financial charges | 65 | €21,133 | €49,373 | +€28,240 | +134% |
| Profit (loss) for the period before taxes | 9903 | €16,803 | €28,303 | +€11,500 | +68.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €16,803 | €28,303 | +€11,500 | +68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,803 | €28,303 | +€11,500 | +68.4% |
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 14 October 2026 via checked.be.