STIPO: 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.
STIPO
Largest movements
- Cash -€16,330
down €16,330 (-99.5%), from €16,418 to €87
mainly Net result for the year (-€36,613) and Receivables within one year (-€5,420)
- Deferred charges and accrued income -€12,598
down €12,598 (-75.0%), from €16,796 to €4,198
- Receivables within one year +€5,420
up €5,420 (+24.3%), from €22,306 to €27,726
of which Trade receivables: +€4,651
- Profit (loss) carried forward -€36,613
down €36,613, from €13,048 to -€23,565
- Trade debts +€13,135
up €13,135 (+436%), from €3,010 to €16,146
- Other debts +€1,793
up €1,793 (+2,199%), from €82 to €1,875
- Tax, wage and social debts -€1,623
down €1,623 (-11.8%), from €13,787 to €12,163
of which Remuneration and social security: -€2,600
- Gross operating margin -€39,429
down €39,429, from €6,768 to -€32,661
- Taxes -€1,184
down €1,184 (-97.1%), from €1,219 to €35
- Depreciation -€691
down €691 (-18.4%), from €3,756 to €3,065
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 | €59,558 | €36,493 | -€23,066 | -38.7% |
| Fixed assets | 21/28 | €4,039 | €4,482 | +€443 | +11.0% |
| Tangible fixed assets | 22/27 | €4,039 | €4,482 | +€443 | +11.0% |
| Plant, machinery and equipment | 23 | €1,676 | €4,066 | +€2,390 | +143% |
| Furniture and vehicles | 24 | €2,364 | €416 | -€1,948 | -82.4% |
| Current assets | 29/58 | €55,519 | €32,011 | -€23,508 | -42.3% |
| Amounts receivable within one year | 40/41 | €22,306 | €27,726 | +€5,420 | +24.3% |
| Trade receivables | 40 | €22,306 | €26,957 | +€4,651 | +20.9% |
| Other amounts receivable | 41 | - | €769 | +€769 | |
| Cash at bank and in hand | 54/58 | €16,418 | €87 | -€16,330 | -99.5% |
| Deferred charges and accrued income | 490/1 | €16,796 | €4,198 | -€12,598 | -75.0% |
| Total equity and liabilities | 10/49 | €59,558 | €36,493 | -€23,066 | -38.7% |
| Equity | 10/15 | €40,808 | €4,195 | -€36,613 | -89.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €15,360 | €15,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,500 | €13,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,048 | -€23,565 | -€36,613 | |
| Amounts payable | 17/49 | €18,751 | €32,298 | +€13,547 | +72.2% |
| Amounts payable within one year | 42/48 | €16,878 | €30,184 | +€13,306 | +78.8% |
| Trade debts | 44 | €3,010 | €16,146 | +€13,135 | +436% |
| Suppliers | 440/4 | €3,010 | €16,146 | +€13,135 | +436% |
| Taxes, remuneration and social security | 45 | €13,787 | €12,163 | -€1,623 | -11.8% |
| Taxes | 450/3 | €11,187 | €12,163 | +€977 | +8.7% |
| Remuneration and social security | 454/9 | €2,600 | - | -€2,600 | |
| Other amounts payable | 47/48 | €82 | €1,875 | +€1,793 | +2,199% |
| Accrued charges and deferred income | 492/3 | €1,873 | €2,114 | +€241 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,756 | €3,065 | -€691 | -18.4% |
| Other operating charges | 640/8 | €842 | €687 | -€155 | -18.4% |
| Gross operating margin | 9900 | €6,768 | -€32,661 | -€39,429 | |
| Operating profit (loss) | 9901 | €2,170 | -€36,413 | -€38,584 | |
| Financial income | 75/76B | €19 | €15 | -€4 | -19.6% |
| Recurring financial income | 75 | €19 | €15 | -€4 | -19.6% |
| Financial charges | 65/66B | €154 | €179 | +€26 | +16.7% |
| Recurring financial charges | 65 | €154 | €179 | +€26 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €2,035 | -€36,578 | -€38,613 | |
| Income taxes | 67/77 | €1,219 | €35 | -€1,184 | -97.1% |
| Profit (loss) for the period | 9904 | €816 | -€36,613 | -€37,429 | |
| Profit (loss) for the period to be appropriated | 9905 | €816 | -€36,613 | -€37,429 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.