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 -€14,545
down €14,545 (-2.1%), from €694,473 to €679,927
- Reserves -€19,483
down €19,483 (-24.9%), from €78,375 to €58,892
of which Distributable reserves: -€19,483
- Gross operating margin -€12,065
down €12,065, from €11,827 to -€237
- Other operating charges -€1,196
down €1,196 (-13.5%), from €8,835 to €7,639
- Taxes +€498
up €498 (+27.9%), from €1,784 to €2,282
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 | €963,467 | €944,373 | -€19,094 | -2.0% |
| Fixed assets | 21/28 | €694,473 | €679,927 | -€14,545 | -2.1% |
| Tangible fixed assets | 22/27 | €694,473 | €679,927 | -€14,545 | -2.1% |
| Land and buildings | 22 | €694,473 | €679,927 | -€14,545 | -2.1% |
| Current assets | 29/58 | €268,994 | €264,446 | -€4,548 | -1.7% |
| Amounts receivable within one year | 40/41 | - | €1,776 | +€1,776 | |
| Other amounts receivable | 41 | - | €1,776 | +€1,776 | |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,994 | €12,669 | -€6,325 | -33.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €963,467 | €944,373 | -€19,094 | -2.0% |
| Equity | 10/15 | €958,375 | €938,892 | -€19,483 | -2.0% |
| Contributions | 10/11 | €880,000 | €880,000 | = | 0.0% |
| Reserves | 13 | €78,375 | €58,892 | -€19,483 | -24.9% |
| Non-distributable reserves | 130/1 | €4,285 | €4,285 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,285 | €4,285 | = | 0.0% |
| Distributable reserves | 133 | €74,090 | €54,607 | -€19,483 | -26.3% |
| Amounts payable | 17/49 | €5,092 | €5,481 | +€389 | +7.6% |
| Amounts payable within one year | 42/48 | €4,968 | €5,392 | +€424 | +8.5% |
| Trade debts | 44 | €1,849 | €2,272 | +€424 | +22.9% |
| Suppliers | 440/4 | €1,849 | €2,272 | +€424 | +22.9% |
| Other amounts payable | 47/48 | €3,120 | €3,120 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €124 | €89 | -€35 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,545 | €14,545 | = | 0.0% |
| Other operating charges | 640/8 | €8,835 | €7,639 | -€1,196 | -13.5% |
| Gross operating margin | 9900 | €11,827 | -€237 | -€12,065 | |
| Operating profit (loss) | 9901 | -€11,553 | -€22,422 | -€10,869 | -94.1% |
| Financial income | 75/76B | €5,947 | €5,920 | -€27 | -0.4% |
| Recurring financial income | 75 | €5,947 | €5,920 | -€27 | -0.4% |
| Financial charges | 65/66B | €739 | €698 | -€41 | -5.5% |
| Recurring financial charges | 65 | €739 | €698 | -€41 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,345 | -€17,200 | -€10,855 | -171.1% |
| Income taxes | 67/77 | €1,784 | €2,282 | +€498 | +27.9% |
| Profit (loss) for the period | 9904 | -€8,130 | -€19,483 | -€11,353 | -139.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,130 | -€19,483 | -€11,353 | -139.7% |
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 7 October 2026 via checked.be.