CST: 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.
CST
Largest movements
- Tangible fixed assets -€10,837
down €10,837 (-27.4%), from €39,535 to €28,698
- Stocks and contracts -€8,845
down €8,845 (-71.6%), from €12,345 to €3,500
- Receivables within one year +€4,729
up €4,729 (+96.3%), from €4,910 to €9,639
of which Trade receivables: +€4,729
- Cash +€1,729
up €1,729 (+7.8%), from €22,198 to €23,927
mainly Trade debts (+€15,917) and Depreciation (+€10,837)
- Profit (loss) carried forward -€23,227
down €23,227 (-18.8%), from -€123,467 to -€146,694
- Trade debts +€15,917
up €15,917 (+126.0%), from €12,631 to €28,547
- Other debts -€12,339
down €12,339 (-29.9%), from €41,207 to €28,868
- Debts after one year +€4,796
up €4,796 (+8.9%), from €53,961 to €58,757
of which Other amounts payable: +€12,660
- Tax, wage and social debts +€1,338
up €1,338 (+12.1%), from €11,040 to €12,378
of which Remuneration and social security: +€1,336
- Staff costs +€6,638
up €6,638 (+14.3%), from €46,522 to €53,160
- Gross operating margin +€1,049
up €1,049 (+2.1%), from €49,150 to €50,199
- Other operating charges +€1,023
up €1,023 (+15.3%), from €6,678 to €7,702
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 | €86,025 | €72,722 | -€13,303 | -15.5% |
| Fixed assets | 21/28 | €45,551 | €34,714 | -€10,837 | -23.8% |
| Tangible fixed assets | 22/27 | €39,535 | €28,698 | -€10,837 | -27.4% |
| Plant, machinery and equipment | 23 | €6,059 | €644 | -€5,416 | -89.4% |
| Furniture and vehicles | 24 | €10,035 | €7,304 | -€2,731 | -27.2% |
| Other tangible fixed assets | 26 | €23,440 | €20,750 | -€2,691 | -11.5% |
| Financial fixed assets | 28 | €6,016 | €6,016 | = | 0.0% |
| Current assets | 29/58 | €40,474 | €38,008 | -€2,466 | -6.1% |
| Stocks and contracts in progress | 3 | €12,345 | €3,500 | -€8,845 | -71.6% |
| Stocks | 30/36 | €12,345 | €3,500 | -€8,845 | -71.6% |
| Amounts receivable within one year | 40/41 | €4,910 | €9,639 | +€4,729 | +96.3% |
| Trade receivables | 40 | €4,910 | €9,639 | +€4,729 | +96.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €22,198 | €23,927 | +€1,729 | +7.8% |
| Deferred charges and accrued income | 490/1 | €1,021 | €942 | -€79 | -7.7% |
| Total equity and liabilities | 10/49 | €86,025 | €72,722 | -€13,303 | -15.5% |
| Equity | 10/15 | -€40,467 | -€63,694 | -€23,227 | -57.4% |
| Contributions | 10/11 | €83,000 | €83,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,467 | -€146,694 | -€23,227 | -18.8% |
| Amounts payable | 17/49 | €126,492 | €136,416 | +€9,924 | +7.8% |
| Amounts payable after more than one year | 17 | €53,961 | €58,757 | +€4,796 | +8.9% |
| Financial debts | 170/4 | €22,393 | €14,528 | -€7,865 | -35.1% |
| Other amounts payable | 178/9 | €31,568 | €44,229 | +€12,660 | +40.1% |
| Amounts payable within one year | 42/48 | €72,531 | €77,659 | +€5,128 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €7,562 | €7,865 | +€303 | +4.0% |
| Trade debts | 44 | €12,631 | €28,547 | +€15,917 | +126.0% |
| Suppliers | 440/4 | €12,631 | €28,547 | +€15,917 | +126.0% |
| Advances received on contracts in progress | 46 | €90 | €0 | -€90 | -100.0% |
| Taxes, remuneration and social security | 45 | €11,040 | €12,378 | +€1,338 | +12.1% |
| Taxes | 450/3 | €4,975 | €4,977 | +€2 | 0.0% |
| Remuneration and social security | 454/9 | €6,065 | €7,401 | +€1,336 | +22.0% |
| Other amounts payable | 47/48 | €41,207 | €28,868 | -€12,339 | -29.9% |
| Remuneration, social security and pensions | 62 | €46,522 | €53,160 | +€6,638 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,816 | €10,837 | +€21 | +0.2% |
| Other operating charges | 640/8 | €6,678 | €7,702 | +€1,023 | +15.3% |
| Gross operating margin | 9900 | €49,150 | €50,199 | +€1,049 | +2.1% |
| Operating profit (loss) | 9901 | -€14,867 | -€21,500 | -€6,633 | -44.6% |
| Financial income | 75/76B | €3 | €1 | -€2 | -74.2% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -74.2% |
| Financial charges | 65/66B | €1,916 | €1,727 | -€189 | -9.9% |
| Recurring financial charges | 65 | €1,916 | €1,727 | -€189 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,781 | -€23,227 | -€6,446 | -38.4% |
| Profit (loss) for the period | 9904 | -€16,781 | -€23,227 | -€6,446 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,781 | -€23,227 | -€6,446 | -38.4% |
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 28 September 2026 via checked.be.