STIPTRONIC: 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.
STIPTRONIC
Largest movements
- Cash -€123,257
down €123,257 (-89.2%), from €138,166 to €14,909
mainly Trade debts (-€103,791) and Receivables within one year (-€51,084)
- Receivables within one year +€51,084
up €51,084 (+68.2%), from €74,888 to €125,972
of which Trade receivables: +€43,173
- Tangible fixed assets +€13,769
up €13,769 (+9.2%), from €150,266 to €164,035
of which Furniture and vehicles: +€17,582
- Deferred charges and accrued income -€10,900
down €10,900 (-90.8%), from €11,998 to €1,098
- Stocks and contracts +€6,500
up €6,500 (+86.7%), from €7,500 to €14,000
of which Contracts in progress: +€6,500
- Trade debts -€103,791
down €103,791 (-72.8%), from €142,570 to €38,780
- Other debts +€31,924
up €31,924 (+51.2%), from €62,296 to €94,220
- Reserves +€10,259
up €10,259 (+83.2%), from €12,326 to €22,585
of which Distributable reserves: +€10,259
- Depreciation +€30,591
up €30,591 (+769%), from €3,976 to €34,567
- Other operating charges -€16,936
down €16,936 (-95.6%), from €17,710 to €775
- Gross operating margin +€4,423
up €4,423 (+9.5%), from €46,378 to €50,801
- Financial charges +€3,363
up €3,363 (+1,100%), from €306 to €3,669
- Taxes +€956
up €956 (+166%), from €575 to €1,531
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 | €382,968 | €320,164 | -€62,804 | -16.4% |
| Fixed assets | 21/28 | €150,416 | €164,185 | +€13,769 | +9.2% |
| Tangible fixed assets | 22/27 | €150,266 | €164,035 | +€13,769 | +9.2% |
| Plant, machinery and equipment | 23 | €29,933 | €26,120 | -€3,812 | -12.7% |
| Furniture and vehicles | 24 | €120,333 | €137,915 | +€17,582 | +14.6% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €232,552 | €155,978 | -€76,573 | -32.9% |
| Stocks and contracts in progress | 3 | €7,500 | €14,000 | +€6,500 | +86.7% |
| Stocks | 30/36 | €7,500 | €7,500 | = | 0.0% |
| Contracts in progress | 37 | - | €6,500 | +€6,500 | |
| Amounts receivable within one year | 40/41 | €74,888 | €125,972 | +€51,084 | +68.2% |
| Trade receivables | 40 | €72,979 | €116,152 | +€43,173 | +59.2% |
| Other amounts receivable | 41 | €1,909 | €9,820 | +€7,911 | +414% |
| Cash at bank and in hand | 54/58 | €138,166 | €14,909 | -€123,257 | -89.2% |
| Deferred charges and accrued income | 490/1 | €11,998 | €1,098 | -€10,900 | -90.8% |
| Total equity and liabilities | 10/49 | €382,968 | €320,164 | -€62,804 | -16.4% |
| Equity | 10/15 | €24,726 | €34,985 | +€10,259 | +41.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €12,326 | €22,585 | +€10,259 | +83.2% |
| Tax-exempt reserves | 132 | €3,983 | €3,983 | = | 0.0% |
| Distributable reserves | 133 | €8,343 | €18,602 | +€10,259 | +123% |
| Amounts payable | 17/49 | €358,242 | €285,179 | -€73,063 | -20.4% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €206,442 | €134,000 | -€72,442 | -35.1% |
| Trade debts | 44 | €142,570 | €38,780 | -€103,791 | -72.8% |
| Suppliers | 440/4 | €142,570 | €38,780 | -€103,791 | -72.8% |
| Taxes, remuneration and social security | 45 | €1,575 | €1,000 | -€575 | -36.5% |
| Taxes | 450/3 | €575 | - | -€575 | |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €62,296 | €94,220 | +€31,924 | +51.2% |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,179 | -€621 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,976 | €34,567 | +€30,591 | +769% |
| Other operating charges | 640/8 | €17,710 | €775 | -€16,936 | -95.6% |
| Gross operating margin | 9900 | €46,378 | €50,801 | +€4,423 | +9.5% |
| Operating profit (loss) | 9901 | €24,692 | €15,459 | -€9,233 | -37.4% |
| Financial income | 75/76B | €277 | - | -€277 | |
| Recurring financial income | 75 | €277 | - | -€277 | |
| Financial charges | 65/66B | €306 | €3,669 | +€3,363 | +1,100% |
| Recurring financial charges | 65 | €306 | €3,669 | +€3,363 | +1,100% |
| Profit (loss) for the period before taxes | 9903 | €24,663 | €11,790 | -€12,873 | -52.2% |
| Income taxes | 67/77 | €575 | €1,531 | +€956 | +166% |
| Profit (loss) for the period | 9904 | €24,088 | €10,259 | -€13,829 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,088 | €10,259 | -€13,829 | -57.4% |
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 20 October 2026 via checked.be.