CST Advisory: what changed
Two financial 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 Advisory
Largest movements
- Current investments +€501,136
new in 2025: €501,136
- Cash +€110,770
up €110,770 (+54.9%), from €201,939 to €312,709
mainly Advances received (+€302,609) and Trade debts (+€289,792)
- Deferred charges and accrued income +€23,428
new in 2025: €23,428
- Advances received +€302,609
new in 2025: €302,609
- Trade debts +€289,792
up €289,792 (+29.1%), from €995,557 to €1.3m
- Tax, wage and social debts -€139,500
down €139,500 (-41.2%), from €338,938 to €199,438
of which Taxes: -€126,905
- Reserves +€136,600
up €136,600 (+56.6%), from €241,148 to €377,748
- Other debts +€130,501
up €130,501 (+518.4%), from €25,172 to €155,673
- Gross operating margin +€505,280
up €505,280 (+46.9%), from €1.1m to €1.6m
- Staff costs +€403,249
up €403,249 (+40.6%), from €992,999 to €1.4m
- Taxes +€27,491
up €27,491 (+129.1%), from €21,290 to €48,780
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 | €1,695,374 | €2,323,818 | +€628,445 | +37.1% |
| Fixed assets | 21/28 | €2,946 | €4,753 | +€1,806 | +61.3% |
| Tangible fixed assets | 22/27 | €746 | €2,553 | +€1,806 | +242.1% |
| Plant, machinery and equipment | 23 | €746 | €515 | -€231 | -31.0% |
| Furniture and vehicles | 24 | - | €2,038 | +€2,038 | |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €1,692,428 | €2,319,066 | +€626,638 | +37.0% |
| Amounts receivable within one year | 40/41 | €1,490,489 | €1,481,792 | -€8,697 | -0.6% |
| Trade receivables | 40 | €1,459,349 | €1,383,692 | -€75,657 | -5.2% |
| Other amounts receivable | 41 | €31,140 | €98,100 | +€66,960 | +215.0% |
| Current investments | 50/53 | - | €501,136 | +€501,136 | |
| Cash at bank and in hand | 54/58 | €201,939 | €312,709 | +€110,770 | +54.9% |
| Deferred charges and accrued income | 490/1 | - | €23,428 | +€23,428 | |
| Total equity and liabilities | 10/49 | €1,695,374 | €2,323,818 | +€628,445 | +37.1% |
| Equity | 10/15 | €241,148 | €380,748 | +€139,600 | +57.9% |
| Contributions | 10/11 | - | €3,000 | +€3,000 | |
| Reserves | 13 | €241,148 | €377,748 | +€136,600 | +56.6% |
| Distributable reserves | 133 | €241,148 | €377,748 | +€136,600 | +56.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,454,226 | €1,943,070 | +€488,844 | +33.6% |
| Amounts payable within one year | 42/48 | €1,359,667 | €1,943,070 | +€583,403 | +42.9% |
| Trade debts | 44 | €995,557 | €1,285,349 | +€289,792 | +29.1% |
| Suppliers | 440/4 | €995,557 | €1,285,349 | +€289,792 | +29.1% |
| Advances received on contracts in progress | 46 | - | €302,609 | +€302,609 | |
| Taxes, remuneration and social security | 45 | €338,938 | €199,438 | -€139,500 | -41.2% |
| Taxes | 450/3 | €173,717 | €46,812 | -€126,905 | -73.1% |
| Remuneration and social security | 454/9 | €165,222 | €152,626 | -€12,596 | -7.6% |
| Other amounts payable | 47/48 | €25,172 | €155,673 | +€130,501 | +518.4% |
| Accrued charges and deferred income | 492/3 | €94,559 | €0 | -€94,559 | -100.0% |
| Non-recurring operating income | 76A | - | €152,011 | +€152,011 | |
| Remuneration, social security and pensions | 62 | €992,999 | €1,396,248 | +€403,249 | +40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231 | €1,084 | +€853 | +368.7% |
| Other operating charges | 640/8 | €3,160 | €2,887 | -€273 | -8.6% |
| Gross operating margin | 9900 | €1,077,892 | €1,583,172 | +€505,280 | +46.9% |
| Operating profit (loss) | 9901 | €81,502 | €182,953 | +€101,452 | +124.5% |
| Financial income | 75/76B | €2,820 | €2,825 | +€5 | +0.2% |
| Recurring financial income | 75 | €2,820 | €2,825 | +€5 | +0.2% |
| Financial charges | 65/66B | €260 | €398 | +€138 | +53.0% |
| Recurring financial charges | 65 | €260 | €398 | +€138 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €84,062 | €185,381 | +€101,319 | +120.5% |
| Income taxes | 67/77 | €21,290 | €48,780 | +€27,491 | +129.1% |
| Profit (loss) for the period | 9904 | €62,772 | €136,600 | +€73,828 | +117.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,772 | €136,600 | +€73,828 | +117.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.