STIPA CONSULT: 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 CONSULT
Largest movements
- Cash +€7,528
up €7,528 (+6.8%), from €111,312 to €118,840
mainly Net result for the year (+€35,648) and Receivables within one year (+€1,746)
- Tangible fixed assets +€2,154
new in 2025: €2,154
- Receivables within one year -€1,746
down €1,746 (-11.6%), from €15,003 to €13,257
of which Other amounts receivable: -€2,109
- Reserves +€22,864
up €22,864 (+29.4%), from €77,696 to €100,560
of which Distributable reserves: +€24,723
- Other debts -€12,467
down €12,467 (-35.7%), from €34,901 to €22,435
- Gross operating margin +€20,507
up €20,507 (+74.1%), from €27,689 to €48,196
- Taxes +€3,169
up €3,169 (+35.3%), from €8,985 to €12,154
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 | €127,420 | €135,748 | +€8,328 | +6.5% |
| Fixed assets | 21/28 | €690 | €2,844 | +€2,154 | +312% |
| Tangible fixed assets | 22/27 | - | €2,154 | +€2,154 | |
| Plant, machinery and equipment | 23 | - | €2,154 | +€2,154 | |
| Financial fixed assets | 28 | €690 | €690 | = | 0.0% |
| Current assets | 29/58 | €126,730 | €132,904 | +€6,174 | +4.9% |
| Amounts receivable within one year | 40/41 | €15,003 | €13,257 | -€1,746 | -11.6% |
| Trade receivables | 40 | €10,890 | €11,253 | +€363 | +3.3% |
| Other amounts receivable | 41 | €4,113 | €2,004 | -€2,109 | -51.3% |
| Cash at bank and in hand | 54/58 | €111,312 | €118,840 | +€7,528 | +6.8% |
| Deferred charges and accrued income | 490/1 | €415 | €807 | +€392 | +94.4% |
| Total equity and liabilities | 10/49 | €127,420 | €135,748 | +€8,328 | +6.5% |
| Equity | 10/15 | €83,893 | €106,757 | +€22,864 | +27.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €77,696 | €100,560 | +€22,864 | +29.4% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €75,837 | €100,560 | +€24,723 | +32.6% |
| Amounts payable | 17/49 | €43,526 | €28,990 | -€14,536 | -33.4% |
| Amounts payable within one year | 42/48 | €43,526 | €28,990 | -€14,536 | -33.4% |
| Trade debts | 44 | €945 | €27 | -€918 | -97.1% |
| Suppliers | 440/4 | €945 | €27 | -€918 | -97.1% |
| Taxes, remuneration and social security | 45 | €7,680 | €6,529 | -€1,152 | -15.0% |
| Taxes | 450/3 | €7,680 | €6,529 | -€1,152 | -15.0% |
| Other amounts payable | 47/48 | €34,901 | €22,435 | -€12,467 | -35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €380 | +€380 | |
| Other operating charges | 640/8 | €264 | €267 | +€4 | +1.4% |
| Gross operating margin | 9900 | €27,689 | €48,196 | +€20,507 | +74.1% |
| Operating profit (loss) | 9901 | €27,425 | €47,549 | +€20,123 | +73.4% |
| Financial income | 75/76B | €110 | €310 | +€200 | +182% |
| Recurring financial income | 75 | €110 | €310 | +€200 | +182% |
| Financial charges | 65/66B | €57 | €55 | -€1 | -1.9% |
| Recurring financial charges | 65 | €57 | €55 | -€1 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €27,479 | €47,803 | +€20,324 | +74.0% |
| Income taxes | 67/77 | €8,985 | €12,154 | +€3,169 | +35.3% |
| Profit (loss) for the period | 9904 | €18,494 | €35,648 | +€17,155 | +92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,494 | €35,648 | +€17,155 | +92.8% |
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 25 October 2026 via checked.be.