Stitchd: 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.
Stitchd
Largest movements
- Receivables within one year +€74,703
up €74,703 (+5.6%), from €1.3m to €1.4m
of which Trade receivables: +€50,529
- Cash +€63,056
up €63,056 (+129%), from €48,784 to €111,840
mainly Accrued charges and deferred income (+€168,492) and Net result for the year (+€66,556)
- Accrued charges and deferred income +€168,492
up €168,492 (+587%), from €28,706 to €197,198
- Other debts -€60,300
down €60,300 (-69.1%), from €87,300 to €27,000
- Reserves +€39,000
up €39,000 (+5.6%), from €691,200 to €730,200
of which Distributable reserves: +€39,000
- Tax, wage and social debts +€22,568
up €22,568 (+10.3%), from €218,836 to €241,403
of which Taxes: +€36,377
- Advances received -€18,404
no longer reported in 2025 (was €18,404)
- Gross operating margin -€328,004
down €328,004 (-18.5%), from €1.8m to €1.4m
- Turnover -€282,339
down €282,339 (-8.4%), from €3.4m to €3.1m
- Taxes -€49,344
down €49,344 (-55.2%), from €89,348 to €40,003
- Depreciation -€43,082
down €43,082 (-83.6%), from €51,517 to €8,434
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 | €1,426,388 | €1,573,827 | +€147,438 | +10.3% |
| Fixed assets | 21/28 | €17,955 | €11,772 | -€6,184 | -34.4% |
| Tangible fixed assets | 22/27 | €17,955 | €11,772 | -€6,184 | -34.4% |
| Plant, machinery and equipment | 23 | €17,955 | €11,772 | -€6,184 | -34.4% |
| Current assets | 29/58 | €1,408,433 | €1,562,055 | +€153,622 | +10.9% |
| Stocks and contracts in progress | 3 | - | €9,026 | +€9,026 | |
| Contracts in progress | 37 | - | €9,026 | +€9,026 | |
| Amounts receivable within one year | 40/41 | €1,343,735 | €1,418,437 | +€74,703 | +5.6% |
| Trade receivables | 40 | €582,363 | €632,892 | +€50,529 | +8.7% |
| Other amounts receivable | 41 | €761,371 | €785,545 | +€24,174 | +3.2% |
| Cash at bank and in hand | 54/58 | €48,784 | €111,840 | +€63,056 | +129% |
| Deferred charges and accrued income | 490/1 | €15,914 | €22,751 | +€6,837 | +43.0% |
| Total equity and liabilities | 10/49 | €1,426,388 | €1,573,827 | +€147,438 | +10.3% |
| Equity | 10/15 | €823,285 | €862,841 | +€39,556 | +4.8% |
| Contributions | 10/11 | €132,000 | €132,000 | = | 0.0% |
| Capital | 10 | €132,000 | €132,000 | = | 0.0% |
| Issued capital | 100 | €132,000 | €132,000 | = | 0.0% |
| Reserves | 13 | €691,200 | €730,200 | +€39,000 | +5.6% |
| Non-distributable reserves | 130/1 | €13,200 | €13,200 | = | 0.0% |
| Legal reserve | 130 | €13,200 | €13,200 | = | 0.0% |
| Distributable reserves | 133 | €678,000 | €717,000 | +€39,000 | +5.8% |
| Profit (loss) carried forward | 14 | €85 | €641 | +€556 | +654% |
| Provisions and deferred taxes | 16 | - | €254 | +€254 | |
| Provisions for liabilities and charges | 160/5 | - | €254 | +€254 | |
| Pensions and similar obligations | 160 | - | €254 | +€254 | |
| Amounts payable | 17/49 | €603,103 | €710,732 | +€107,628 | +17.8% |
| Amounts payable within one year | 42/48 | €574,398 | €513,534 | -€60,864 | -10.6% |
| Trade debts | 44 | €249,858 | €245,130 | -€4,728 | -1.9% |
| Suppliers | 440/4 | €249,858 | €245,130 | -€4,728 | -1.9% |
| Advances received on contracts in progress | 46 | €18,404 | - | -€18,404 | |
| Taxes, remuneration and social security | 45 | €218,836 | €241,403 | +€22,568 | +10.3% |
| Taxes | 450/3 | €79,873 | €116,249 | +€36,377 | +45.5% |
| Remuneration and social security | 454/9 | €138,963 | €125,154 | -€13,809 | -9.9% |
| Other amounts payable | 47/48 | €87,300 | €27,000 | -€60,300 | -69.1% |
| Accrued charges and deferred income | 492/3 | €28,706 | €197,198 | +€168,492 | +587% |
| Turnover | 70 | €3,371,110 | €3,088,771 | -€282,339 | -8.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,632,365 | €1,658,115 | +€25,750 | +1.6% |
| Remuneration, social security and pensions | 62 | €1,306,738 | €1,294,932 | -€11,806 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,517 | €8,434 | -€43,082 | -83.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,180 | €254 | +€11,434 | |
| Other operating charges | 640/8 | €7,776 | €6,256 | -€1,520 | -19.6% |
| Non-recurring operating charges | 66A | €926 | €3,340 | +€2,414 | +261% |
| Gross operating margin | 9900 | €1,769,028 | €1,441,024 | -€328,004 | -18.5% |
| Operating profit (loss) | 9901 | €413,251 | €127,808 | -€285,444 | -69.1% |
| Financial income | 75/76B | €12,345 | €9,552 | -€2,793 | -22.6% |
| Recurring financial income | 75 | €12,345 | €9,552 | -€2,793 | -22.6% |
| Financial charges | 65/66B | €28,774 | €30,800 | +€2,025 | +7.0% |
| Recurring financial charges | 65 | €28,774 | €30,800 | +€2,025 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €396,822 | €106,560 | -€290,262 | -73.1% |
| Income taxes | 67/77 | €89,348 | €40,003 | -€49,344 | -55.2% |
| Profit (loss) for the period | 9904 | €307,474 | €66,556 | -€240,918 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €307,474 | €66,556 | -€240,918 | -78.4% |
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 19 October 2026 via checked.be.