BST Medical: what changed
BST Medical
Largest movements
- Receivables within one year +€178,435
up €178,435 (+171%), from €104,615 to €283,050
of which Trade receivables: +€177,010
- Cash -€57,798
down €57,798 (-44.5%), from €129,773 to €71,975
mainly Receivables within one year (-€178,435) and Net result for the year (-€20,963)
- Tangible fixed assets -€8,857
down €8,857 (-47.0%), from €18,835 to €9,979
- Tax, wage and social debts +€123,849
up €123,849 (+402%), from €30,781 to €154,630
- Profit (loss) carried forward -€20,963
down €20,963 (-26.3%), from €79,695 to €58,732
- Trade debts +€8,448
up €8,448 (+25.7%), from €32,863 to €41,311
- Gross operating margin -€21,777
down €21,777 (-89.5%), from €24,324 to €2,547
- Other operating charges +€8,698
up €8,698 (+371%), from €2,342 to €11,040
- Taxes -€2,242
down €2,242 (-92.9%), from €2,413 to €171
- Financial charges -€721
down €721 (-17.3%), from €4,166 to €3,445
- Depreciation +€427
up €427 (+5.1%), from €8,430 to €8,857
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,917 | €366,419 | +€112,502 | +44.3% |
| Fixed assets | 21/28 | €18,835 | €9,979 | -€8,857 | -47.0% |
| Tangible fixed assets | 22/27 | €18,835 | €9,979 | -€8,857 | -47.0% |
| Furniture and vehicles | 24 | €18,835 | €9,979 | -€8,857 | -47.0% |
| Current assets | 29/58 | €235,082 | €356,441 | +€121,359 | +51.6% |
| Amounts receivable within one year | 40/41 | €104,615 | €283,050 | +€178,435 | +171% |
| Trade receivables | 40 | €86,413 | €263,424 | +€177,010 | +205% |
| Other amounts receivable | 41 | €18,201 | €19,626 | +€1,425 | +7.8% |
| Cash at bank and in hand | 54/58 | €129,773 | €71,975 | -€57,798 | -44.5% |
| Deferred charges and accrued income | 490/1 | €694 | €1,416 | +€722 | +104% |
| Total equity and liabilities | 10/49 | €253,917 | €366,419 | +€112,502 | +44.3% |
| Equity | 10/15 | €82,695 | €61,732 | -€20,963 | -25.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,695 | €58,732 | -€20,963 | -26.3% |
| Amounts payable | 17/49 | €171,222 | €304,687 | +€133,465 | +77.9% |
| Amounts payable within one year | 42/48 | €171,222 | €304,687 | +€133,465 | +77.9% |
| Trade debts | 44 | €32,863 | €41,311 | +€8,448 | +25.7% |
| Suppliers | 440/4 | €32,863 | €41,311 | +€8,448 | +25.7% |
| Taxes, remuneration and social security | 45 | €30,781 | €154,630 | +€123,849 | +402% |
| Taxes | 450/3 | €30,781 | €154,630 | +€123,849 | +402% |
| Other amounts payable | 47/48 | €107,578 | €108,746 | +€1,168 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,430 | €8,857 | +€427 | +5.1% |
| Other operating charges | 640/8 | €2,342 | €11,040 | +€8,698 | +371% |
| Gross operating margin | 9900 | €24,324 | €2,547 | -€21,777 | -89.5% |
| Operating profit (loss) | 9901 | €13,552 | -€17,350 | -€30,902 | |
| Financial income | 75/76B | €0 | €3 | +€2 | +507% |
| Recurring financial income | 75 | €0 | €3 | +€2 | +507% |
| Financial charges | 65/66B | €4,166 | €3,445 | -€721 | -17.3% |
| Recurring financial charges | 65 | €4,166 | €3,445 | -€721 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €9,387 | -€20,792 | -€30,179 | |
| Income taxes | 67/77 | €2,413 | €171 | -€2,242 | -92.9% |
| Profit (loss) for the period | 9904 | €6,974 | -€20,963 | -€27,936 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,974 | -€20,963 | -€27,936 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.