STUMPIS: 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.
STUMPIS
Largest movements
- Cash -€20,623
down €20,623 (-28.8%), from €71,699 to €51,076
mainly Debts after one year (-€42,834) and Investment in fixed assets (net) (-€31,668)
- Tangible fixed assets -€10,126
down €10,126 (-3.1%), from €323,750 to €313,625
- Debts after one year -€42,834
down €42,834 (-18.4%), from €233,401 to €190,568
of which Financial debts: -€39,709
- Reserves +€17,192
new in 2025: €17,192
- Tax, wage and social debts -€4,881
down €4,881 (-93.9%), from €5,200 to €319
- Gross operating margin -€7,644
down €7,644 (-8.3%), from €92,600 to €84,957
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 | €400,738 | €369,782 | -€30,956 | -7.7% |
| Fixed assets | 21/28 | €323,750 | €313,625 | -€10,126 | -3.1% |
| Tangible fixed assets | 22/27 | €323,750 | €313,625 | -€10,126 | -3.1% |
| Land and buildings | 22 | €323,750 | €313,625 | -€10,126 | -3.1% |
| Current assets | 29/58 | €76,988 | €56,158 | -€20,830 | -27.1% |
| Amounts receivable within one year | 40/41 | €2,203 | €2,014 | -€189 | -8.6% |
| Trade receivables | 40 | €2,203 | €2,014 | -€189 | -8.6% |
| Current investments | 50/53 | €557 | €531 | -€26 | -4.6% |
| Cash at bank and in hand | 54/58 | €71,699 | €51,076 | -€20,623 | -28.8% |
| Deferred charges and accrued income | 490/1 | €2,529 | €2,536 | +€7 | +0.3% |
| Total equity and liabilities | 10/49 | €400,738 | €369,782 | -€30,956 | -7.7% |
| Equity | 10/15 | €104,982 | €122,174 | +€17,192 | +16.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €17,192 | +€17,192 | |
| Distributable reserves | 133 | - | €17,192 | +€17,192 | |
| Profit (loss) carried forward | 14 | €84,982 | €84,982 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,500 | €1,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,500 | €1,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable | 17/49 | €294,256 | €246,108 | -€48,148 | -16.4% |
| Amounts payable after more than one year | 17 | €233,401 | €190,568 | -€42,834 | -18.4% |
| Financial debts | 170/4 | €211,812 | €172,103 | -€39,709 | -18.7% |
| Other amounts payable | 178/9 | €21,590 | €18,465 | -€3,125 | -14.5% |
| Amounts payable within one year | 42/48 | €55,901 | €53,543 | -€2,358 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €39,110 | €39,709 | +€599 | +1.5% |
| Trade debts | 44 | €5,055 | €6,626 | +€1,571 | +31.1% |
| Suppliers | 440/4 | €5,055 | €6,626 | +€1,571 | +31.1% |
| Taxes, remuneration and social security | 45 | €5,200 | €319 | -€4,881 | -93.9% |
| Taxes | 450/3 | €5,200 | €319 | -€4,881 | -93.9% |
| Other amounts payable | 47/48 | €6,536 | €6,889 | +€353 | +5.4% |
| Accrued charges and deferred income | 492/3 | €4,954 | €1,997 | -€2,957 | -59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,048 | €41,794 | +€746 | +1.8% |
| Other operating charges | 640/8 | €13,293 | €12,993 | -€299 | -2.3% |
| Gross operating margin | 9900 | €92,600 | €84,957 | -€7,644 | -8.3% |
| Operating profit (loss) | 9901 | €38,260 | €30,169 | -€8,090 | -21.1% |
| Financial income | 75/76B | €1 | €5 | +€4 | +783.9% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +783.9% |
| Financial charges | 65/66B | €4,683 | €4,645 | -€38 | -0.8% |
| Recurring financial charges | 65 | €4,683 | €4,645 | -€38 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €33,577 | €25,530 | -€8,048 | -24.0% |
| Income taxes | 67/77 | €9,185 | €8,337 | -€847 | -9.2% |
| Profit (loss) for the period | 9904 | €24,393 | €17,192 | -€7,200 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,393 | €17,192 | -€7,200 | -29.5% |
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 3 October 2026 via checked.be.