CST PRODUCTION: 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 PRODUCTION
Largest movements
- Receivables within one year +€56,617
up €56,617 (+201%), from €28,215 to €84,832
of which Trade receivables: +€40,098
- Cash -€22,163
down €22,163 (-7.6%), from €291,731 to €269,569
mainly Investment in fixed assets (net) (-€888,050) and Current portion of long-term debt (-€77,536)
- Reserves +€99,796
up €99,796 (+8.9%), from €1.1m to €1.2m
- Trade debts +€93,910
up €93,910 (+95.4%), from €98,480 to €192,391
- Current portion of long-term debt -€77,536
down €77,536 (-34.1%), from €227,278 to €149,742
- Tax, wage and social debts -€62,663
down €62,663 (-49.8%), from €125,762 to €63,099
of which Taxes: -€60,854
- Debts after one year -€37,367
down €37,367 (-26.9%), from €138,840 to €101,473
of which Financial debts: -€27,391
- Depreciation -€57,720
down €57,720 (-6.1%), from €951,244 to €893,524
- Other operating charges -€25,443
down €25,443 (-83.9%), from €30,316 to €4,873
- Staff costs +€13,152
up €13,152 (+17.2%), from €76,322 to €89,474
From the 31-12-2024 result to the 31-12-2025 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.
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,725,567 | €1,754,708 | +€29,141 | +1.7% |
| Fixed assets | 21/28 | €1,401,361 | €1,395,886 | -€5,475 | -0.4% |
| Tangible fixed assets | 22/27 | €1,400,781 | €1,395,306 | -€5,475 | -0.4% |
| Plant, machinery and equipment | 23 | €1,015,894 | €1,089,817 | +€73,923 | +7.3% |
| Furniture and vehicles | 24 | €5,303 | €3,123 | -€2,180 | -41.1% |
| Leasing and similar rights | 25 | €351,751 | €270,820 | -€80,931 | -23.0% |
| Other tangible fixed assets | 26 | €27,834 | €31,546 | +€3,713 | +13.3% |
| Financial fixed assets | 28 | €580 | €580 | = | 0.0% |
| Current assets | 29/58 | €324,206 | €358,821 | +€34,615 | +10.7% |
| Amounts receivable within one year | 40/41 | €28,215 | €84,832 | +€56,617 | +201% |
| Trade receivables | 40 | €27,916 | €68,014 | +€40,098 | +144% |
| Other amounts receivable | 41 | €299 | €16,818 | +€16,519 | +5,524% |
| Current investments | 50/53 | €135 | €135 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €291,731 | €269,569 | -€22,163 | -7.6% |
| Deferred charges and accrued income | 490/1 | €4,125 | €4,286 | +€161 | +3.9% |
| Total equity and liabilities | 10/49 | €1,725,567 | €1,754,708 | +€29,141 | +1.7% |
| Equity | 10/15 | €1,135,206 | €1,235,003 | +€99,796 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,116,606 | €1,216,403 | +€99,796 | +8.9% |
| Distributable reserves | 133 | €1,116,606 | €1,216,403 | +€99,796 | +8.9% |
| Amounts payable | 17/49 | €590,361 | €519,705 | -€70,656 | -12.0% |
| Amounts payable after more than one year | 17 | €138,840 | €101,473 | -€37,367 | -26.9% |
| Financial debts | 170/4 | €128,864 | €101,473 | -€27,391 | -21.3% |
| Other amounts payable | 178/9 | €9,976 | - | -€9,976 | |
| Amounts payable within one year | 42/48 | €451,520 | €418,232 | -€33,288 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €227,278 | €149,742 | -€77,536 | -34.1% |
| Trade debts | 44 | €98,480 | €192,391 | +€93,910 | +95.4% |
| Suppliers | 440/4 | €98,480 | €192,391 | +€93,910 | +95.4% |
| Advances received on contracts in progress | 46 | - | €13,000 | +€13,000 | |
| Taxes, remuneration and social security | 45 | €125,762 | €63,099 | -€62,663 | -49.8% |
| Taxes | 450/3 | €116,308 | €55,454 | -€60,854 | -52.3% |
| Remuneration and social security | 454/9 | €9,454 | €7,645 | -€1,809 | -19.1% |
| Remuneration, social security and pensions | 62 | €76,322 | €89,474 | +€13,152 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €951,244 | €893,524 | -€57,720 | -6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,057 | - | +€2,057 | |
| Other operating charges | 640/8 | €30,316 | €4,873 | -€25,443 | -83.9% |
| Gross operating margin | 9900 | €1,125,712 | €1,119,058 | -€6,654 | -0.6% |
| Operating profit (loss) | 9901 | €69,886 | €131,186 | +€61,299 | +87.7% |
| Financial income | 75/76B | €5,935 | €273 | -€5,662 | -95.4% |
| Recurring financial income | 75 | €5,935 | €273 | -€5,662 | -95.4% |
| Financial charges | 65/66B | €20,208 | €15,396 | -€4,812 | -23.8% |
| Recurring financial charges | 65 | €20,208 | €15,396 | -€4,812 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €55,613 | €116,062 | +€60,449 | +109% |
| Income taxes | 67/77 | €5,630 | €16,266 | +€10,636 | +189% |
| Profit (loss) for the period | 9904 | €49,983 | €99,796 | +€49,813 | +99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,983 | €99,796 | +€49,813 | +99.7% |
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 22 October 2026 via checked.be.