StiVa: 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.
StiVa
Largest movements
- Cash +€38,690
up €38,690 (+326.0%), from €11,869 to €50,558
mainly Net result for the year (+€34,831) and Receivables within one year (+€16,235)
- Receivables within one year -€16,235
down €16,235 (-33.4%), from €48,649 to €32,415
of which Other amounts receivable: -€17,196
- Reserves +€34,831
up €34,831 (+52.8%), from €65,964 to €100,795
- Tax, wage and social debts -€9,667
down €9,667 (-52.3%), from €18,472 to €8,805
- Other debts -€1,770
down €1,770 (-81.3%), from €2,175 to €406
- Write-downs +€35,331
up €35,331 (+545.9%), from €6,472 to €41,803
- Gross operating margin +€28,560
up €28,560 (+41.3%), from €69,111 to €97,671
- Other operating charges -€3,721
down €3,721 (-28.1%), from €13,240 to €9,520
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 | €90,191 | €112,872 | +€22,681 | +25.1% |
| Fixed assets | 21/28 | €29,673 | €29,899 | +€226 | +0.8% |
| Tangible fixed assets | 22/27 | €29,673 | €29,649 | -€24 | -0.1% |
| Land and buildings | 22 | €28,750 | €28,750 | = | 0.0% |
| Plant, machinery and equipment | 23 | €923 | €899 | -€24 | -2.6% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €60,518 | €82,973 | +€22,455 | +37.1% |
| Amounts receivable within one year | 40/41 | €48,649 | €32,415 | -€16,235 | -33.4% |
| Trade receivables | 40 | €23,649 | €24,610 | +€961 | +4.1% |
| Other amounts receivable | 41 | €25,000 | €7,804 | -€17,196 | -68.8% |
| Cash at bank and in hand | 54/58 | €11,869 | €50,558 | +€38,690 | +326.0% |
| Total equity and liabilities | 10/49 | €90,191 | €112,872 | +€22,681 | +25.1% |
| Equity | 10/15 | €68,464 | €103,295 | +€34,831 | +50.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €65,964 | €100,795 | +€34,831 | +52.8% |
| Distributable reserves | 133 | €65,964 | €100,795 | +€34,831 | +52.8% |
| Amounts payable | 17/49 | €21,727 | €9,577 | -€12,150 | -55.9% |
| Amounts payable within one year | 42/48 | €21,727 | €9,577 | -€12,150 | -55.9% |
| Trade debts | 44 | €1,080 | €367 | -€713 | -66.0% |
| Suppliers | 440/4 | €1,080 | €367 | -€713 | -66.0% |
| Taxes, remuneration and social security | 45 | €18,472 | €8,805 | -€9,667 | -52.3% |
| Taxes | 450/3 | €18,472 | €8,805 | -€9,667 | -52.3% |
| Other amounts payable | 47/48 | €2,175 | €406 | -€1,770 | -81.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €385 | €502 | +€117 | +30.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,472 | €41,803 | +€35,331 | +545.9% |
| Other operating charges | 640/8 | €13,240 | €9,520 | -€3,721 | -28.1% |
| Gross operating margin | 9900 | €69,111 | €97,671 | +€28,560 | +41.3% |
| Operating profit (loss) | 9901 | €49,013 | €45,846 | -€3,168 | -6.5% |
| Financial income | 75/76B | €47 | €0 | -€47 | -99.6% |
| Recurring financial income | 75 | €47 | €0 | -€47 | -99.6% |
| Financial charges | 65/66B | €794 | €1,319 | +€525 | +66.1% |
| Recurring financial charges | 65 | €794 | €1,319 | +€525 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | €48,267 | €44,527 | -€3,740 | -7.7% |
| Income taxes | 67/77 | €10,560 | €9,696 | -€864 | -8.2% |
| Profit (loss) for the period | 9904 | €37,707 | €34,831 | -€2,875 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,707 | €34,831 | -€2,875 | -7.6% |
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 8 October 2026 via checked.be.