STIRA: 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.
STIRA
Largest movements
- Tangible fixed assets -€25,452
down €25,452 (-15.2%), from €167,386 to €141,933
of which Assets under construction and advance payments: -€25,072
- Cash -€2,380
down €2,380 (-90.7%), from €2,624 to €245
mainly Net result for the year (-€28,937) and Trade debts (-€995)
- Profit (loss) carried forward -€28,937
down €28,937 (-34.4%), from -€84,110 to -€113,048
- Other debts +€2,100
up €2,100 (+21.8%), from €9,626 to €11,726
- Other operating charges +€828
up €828 (+133.0%), from €622 to €1,450
- Gross operating margin -€248
down €248 (-14.4%), from -€1,727 to -€1,975
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.
Cash bridge derived
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 | €170,010 | €142,178 | -€27,832 | -16.4% |
| Fixed assets | 21/28 | €167,386 | €141,933 | -€25,452 | -15.2% |
| Tangible fixed assets | 22/27 | €167,386 | €141,933 | -€25,452 | -15.2% |
| Land and buildings | 22 | €142,314 | €141,933 | -€381 | -0.3% |
| Assets under construction and advance payments | 27 | €25,072 | - | -€25,072 | |
| Current assets | 29/58 | €2,624 | €245 | -€2,380 | -90.7% |
| Cash at bank and in hand | 54/58 | €2,624 | €245 | -€2,380 | -90.7% |
| Total equity and liabilities | 10/49 | €170,010 | €142,178 | -€27,832 | -16.4% |
| Equity | 10/15 | €159,390 | €130,452 | -€28,937 | -18.2% |
| Contributions | 10/11 | €243,500 | €243,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,110 | -€113,048 | -€28,937 | -34.4% |
| Amounts payable | 17/49 | €10,620 | €11,726 | +€1,105 | +10.4% |
| Amounts payable within one year | 42/48 | €10,620 | €11,726 | +€1,105 | +10.4% |
| Trade debts | 44 | €995 | - | -€995 | |
| Suppliers | 440/4 | €995 | - | -€995 | |
| Other amounts payable | 47/48 | €9,626 | €11,726 | +€2,100 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,445 | €25,452 | +€8 | 0.0% |
| Other operating charges | 640/8 | €622 | €1,450 | +€828 | +133.0% |
| Gross operating margin | 9900 | -€1,727 | -€1,975 | -€248 | -14.4% |
| Operating profit (loss) | 9901 | -€27,794 | -€28,877 | -€1,083 | -3.9% |
| Financial charges | 65/66B | €60 | €60 | = | 0.0% |
| Recurring financial charges | 65 | €60 | €60 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€27,854 | -€28,937 | -€1,083 | -3.9% |
| Profit (loss) for the period | 9904 | -€27,854 | -€28,937 | -€1,083 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,854 | -€28,937 | -€1,083 | -3.9% |
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 9 October 2026 via checked.be.