STITAS: what changed
Two fiscal 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.
STITAS
Largest movements
- Tangible fixed assets +€217,620
up €217,620 (+87.4%), from €249,107 to €466,727
of which Land and buildings: +€232,311
- Receivables within one year -€9,745
down €9,745 (-12.3%), from €79,308 to €69,564
of which Other amounts receivable: -€20,341
- Debts after one year +€199,549
up €199,549 (+143.3%), from €139,237 to €338,787
- Other debts +€39,326
up €39,326 (+2360.5%), from €1,666 to €40,992
- Profit (loss) carried forward -€29,367
new in 2025: -€29,367
- Trade debts -€18,848
down €18,848 (-24.5%), from €76,891 to €58,043
- Current portion of long-term debt +€9,180
up €9,180 (+62.3%), from €14,729 to €23,909
- Gross operating margin -€18,726
down €18,726 (-8.6%), from €216,875 to €198,149
- Financial charges +€9,433
up €9,433 (+233.0%), from €4,049 to €13,481
- Depreciation +€9,192
up €9,192 (+30.0%), from €30,688 to €39,880
- Taxes -€3,029
no longer reported in 2025 (was €3,029)
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 | €334,886 | €538,223 | +€203,337 | +60.7% |
| Fixed assets | 21/28 | €250,707 | €468,327 | +€217,620 | +86.8% |
| Tangible fixed assets | 22/27 | €249,107 | €466,727 | +€217,620 | +87.4% |
| Land and buildings | 22 | €179,313 | €411,624 | +€232,311 | +129.6% |
| Plant, machinery and equipment | 23 | €6,753 | €1,929 | -€4,824 | -71.4% |
| Furniture and vehicles | 24 | €976 | €752 | -€224 | -23.0% |
| Other tangible fixed assets | 26 | €62,065 | €52,422 | -€9,643 | -15.5% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €84,179 | €69,896 | -€14,283 | -17.0% |
| Amounts receivable within one year | 40/41 | €79,308 | €69,564 | -€9,745 | -12.3% |
| Trade receivables | 40 | €14,555 | €25,151 | +€10,596 | +72.8% |
| Other amounts receivable | 41 | €64,753 | €44,413 | -€20,341 | -31.4% |
| Cash at bank and in hand | 54/58 | €3,414 | - | -€3,414 | |
| Deferred charges and accrued income | 490/1 | €1,456 | €332 | -€1,124 | -77.2% |
| Total equity and liabilities | 10/49 | €334,886 | €538,223 | +€203,337 | +60.7% |
| Equity | 10/15 | €64,237 | €34,870 | -€29,367 | -45.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €59,237 | €59,237 | = | 0.0% |
| Distributable reserves | 133 | €59,237 | €59,237 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€29,367 | -€29,367 | |
| Amounts payable | 17/49 | €270,649 | €503,353 | +€232,704 | +86.0% |
| Amounts payable after more than one year | 17 | €139,237 | €338,787 | +€199,549 | +143.3% |
| Other amounts payable | 178/9 | €139,237 | €338,787 | +€199,549 | +143.3% |
| Amounts payable within one year | 42/48 | €107,203 | €138,953 | +€31,750 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €14,729 | €23,909 | +€9,180 | +62.3% |
| Financial debts | 43 | - | €118 | +€118 | |
| Credit institutions | 430/8 | - | €118 | +€118 | |
| Trade debts | 44 | €76,891 | €58,043 | -€18,848 | -24.5% |
| Suppliers | 440/4 | €76,891 | €58,043 | -€18,848 | -24.5% |
| Taxes, remuneration and social security | 45 | €13,917 | €15,890 | +€1,974 | +14.2% |
| Taxes | 450/3 | €2,991 | - | -€2,991 | |
| Remuneration and social security | 454/9 | €10,925 | €15,890 | +€4,965 | +45.4% |
| Other amounts payable | 47/48 | €1,666 | €40,992 | +€39,326 | +2360.5% |
| Accrued charges and deferred income | 492/3 | €24,209 | €25,614 | +€1,405 | +5.8% |
| Remuneration, social security and pensions | 62 | €169,757 | €167,595 | -€2,162 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,688 | €39,880 | +€9,192 | +30.0% |
| Other operating charges | 640/8 | €5,361 | €6,826 | +€1,465 | +27.3% |
| Gross operating margin | 9900 | €216,875 | €198,149 | -€18,726 | -8.6% |
| Operating profit (loss) | 9901 | €11,069 | -€16,151 | -€27,221 | |
| Financial income | 75/76B | €1,148 | €266 | -€883 | -76.9% |
| Recurring financial income | 75 | €191 | €266 | +€75 | +39.3% |
| Non-recurring financial income | 76B | €958 | - | -€958 | |
| Financial charges | 65/66B | €4,049 | €13,481 | +€9,433 | +233.0% |
| Recurring financial charges | 65 | €4,049 | €13,481 | +€9,433 | +233.0% |
| Profit (loss) for the period before taxes | 9903 | €8,169 | -€29,367 | -€37,536 | |
| Income taxes | 67/77 | €3,029 | - | -€3,029 | |
| Profit (loss) for the period | 9904 | €5,140 | -€29,367 | -€34,508 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,140 | -€29,367 | -€34,508 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.