STIPAT: 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.
STIPAT
Largest movements
- Cash +€19,950
up €19,950 (+9.2%), from €217,488 to €237,438
mainly Other debts (+€202,196) and Net result for the year (+€85,096)
- Tangible fixed assets -€10,383
down €10,383 (-29.2%), from €35,606 to €25,223
- Other debts +€202,196
up €202,196 (+844%), from €23,959 to €226,155
- Reserves -€180,053
down €180,053 (-100%), from €180,053 to €0
- Tax, wage and social debts -€6,061
down €6,061 (-15.0%), from €40,318 to €34,257
- Trade debts -€3,937
down €3,937 (-63.9%), from €6,158 to €2,221
- Gross operating margin -€4,246
down €4,246 (-3.5%), from €122,593 to €118,348
- Financial income +€1,589
up €1,589 (+404%), from €393 to €1,982
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 | €254,380 | €265,633 | +€11,253 | +4.4% |
| Fixed assets | 21/28 | €35,606 | €25,223 | -€10,383 | -29.2% |
| Tangible fixed assets | 22/27 | €35,606 | €25,223 | -€10,383 | -29.2% |
| Furniture and vehicles | 24 | €35,606 | €25,223 | -€10,383 | -29.2% |
| Current assets | 29/58 | €218,774 | €240,410 | +€21,636 | +9.9% |
| Amounts receivable within one year | 40/41 | €0 | €406 | +€406 | |
| Trade receivables | 40 | - | €406 | +€406 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €217,488 | €237,438 | +€19,950 | +9.2% |
| Deferred charges and accrued income | 490/1 | €1,287 | €2,566 | +€1,279 | +99.4% |
| Total equity and liabilities | 10/49 | €254,380 | €265,633 | +€11,253 | +4.4% |
| Equity | 10/15 | €183,053 | €3,000 | -€180,053 | -98.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €180,053 | €0 | -€180,053 | -100% |
| Distributable reserves | 133 | €180,053 | €0 | -€180,053 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €71,327 | €262,633 | +€191,306 | +268% |
| Amounts payable within one year | 42/48 | €70,435 | €262,633 | +€192,198 | +273% |
| Trade debts | 44 | €6,158 | €2,221 | -€3,937 | -63.9% |
| Suppliers | 440/4 | €6,158 | €2,221 | -€3,937 | -63.9% |
| Taxes, remuneration and social security | 45 | €40,318 | €34,257 | -€6,061 | -15.0% |
| Taxes | 450/3 | €40,318 | €34,257 | -€6,061 | -15.0% |
| Other amounts payable | 47/48 | €23,959 | €226,155 | +€202,196 | +844% |
| Accrued charges and deferred income | 492/3 | €892 | €0 | -€892 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,105 | €10,383 | +€278 | +2.8% |
| Other operating charges | 640/8 | €319 | €729 | +€409 | +128% |
| Gross operating margin | 9900 | €122,593 | €118,348 | -€4,246 | -3.5% |
| Operating profit (loss) | 9901 | €112,169 | €107,236 | -€4,933 | -4.4% |
| Financial income | 75/76B | €393 | €1,982 | +€1,589 | +404% |
| Recurring financial income | 75 | €393 | €1,982 | +€1,589 | +404% |
| Financial charges | 65/66B | €962 | €669 | -€293 | -30.4% |
| Recurring financial charges | 65 | €962 | €669 | -€293 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €111,601 | €108,549 | -€3,052 | -2.7% |
| Income taxes | 67/77 | €24,217 | €23,453 | -€764 | -3.2% |
| Profit (loss) for the period | 9904 | €87,384 | €85,096 | -€2,288 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €87,384 | €85,096 | -€2,288 | -2.6% |
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 18 October 2026 via checked.be.