S&T: 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.
S&T
Largest movements
- Tangible fixed assets -€18,850
down €18,850 (-21.1%), from €89,537 to €70,687
- Receivables within one year +€15,402
up €15,402 (+419.9%), from €3,668 to €19,070
of which Trade receivables: +€17,043
- Cash +€2,407
up €2,407 (+5870.7%), from €41 to €2,448
mainly Depreciation (+€18,850) and Other debts (+€16,410)
- Profit (loss) carried forward -€23,062
down €23,062 (-248.9%), from -€9,264 to -€32,326
- Other debts +€16,410
up €16,410 (+74.7%), from €21,970 to €38,380
- Debts after one year -€7,684
down €7,684 (-12.1%), from €63,375 to €55,691
- Tax, wage and social debts +€7,408
new in 2024: €7,408
- Trade debts +€4,624
up €4,624 (+621.5%), from €744 to €5,368
- Gross operating margin +€50,421
up €50,421, from -€2,644 to €47,777
- Staff costs +€44,144
new in 2024: €44,144
- Depreciation +€14,137
up €14,137 (+300.0%), from €4,713 to €18,850
- Financial charges +€5,042
up €5,042 (+457.5%), from €1,102 to €6,144
- Other operating charges +€516
up €516 (+64.1%), from €805 to €1,321
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,246 | €101,205 | -€1,041 | -1.0% |
| Fixed assets | 21/28 | €98,537 | €79,687 | -€18,850 | -19.1% |
| Tangible fixed assets | 22/27 | €89,537 | €70,687 | -€18,850 | -21.1% |
| Leasing and similar rights | 25 | €89,537 | €70,687 | -€18,850 | -21.1% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €3,709 | €21,518 | +€17,809 | +480.2% |
| Amounts receivable within one year | 40/41 | €3,668 | €19,070 | +€15,402 | +419.9% |
| Trade receivables | 40 | - | €17,043 | +€17,043 | |
| Other amounts receivable | 41 | €3,668 | €2,027 | -€1,641 | -44.7% |
| Cash at bank and in hand | 54/58 | €41 | €2,448 | +€2,407 | +5870.7% |
| Total equity and liabilities | 10/49 | €102,246 | €101,205 | -€1,041 | -1.0% |
| Equity | 10/15 | €736 | -€22,326 | -€23,062 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,264 | -€32,326 | -€23,062 | -248.9% |
| Amounts payable | 17/49 | €101,510 | €123,531 | +€22,021 | +21.7% |
| Amounts payable after more than one year | 17 | €63,375 | €55,691 | -€7,684 | -12.1% |
| Financial debts | 170/4 | €63,375 | €55,691 | -€7,684 | -12.1% |
| Amounts payable within one year | 42/48 | €38,135 | €67,840 | +€29,705 | +77.9% |
| Current portion of amounts payable after more than one year | 42 | €15,421 | €16,684 | +€1,263 | +8.2% |
| Trade debts | 44 | €744 | €5,368 | +€4,624 | +621.5% |
| Suppliers | 440/4 | €744 | €5,368 | +€4,624 | +621.5% |
| Taxes, remuneration and social security | 45 | - | €7,408 | +€7,408 | |
| Taxes | 450/3 | - | €7,408 | +€7,408 | |
| Other amounts payable | 47/48 | €21,970 | €38,380 | +€16,410 | +74.7% |
| Remuneration, social security and pensions | 62 | - | €44,144 | +€44,144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,713 | €18,850 | +€14,137 | +300.0% |
| Other operating charges | 640/8 | €805 | €1,321 | +€516 | +64.1% |
| Non-recurring operating charges | 66A | - | €380 | +€380 | |
| Gross operating margin | 9900 | -€2,644 | €47,777 | +€50,421 | |
| Operating profit (loss) | 9901 | -€8,162 | -€16,918 | -€8,756 | -107.3% |
| Financial charges | 65/66B | €1,102 | €6,144 | +€5,042 | +457.5% |
| Recurring financial charges | 65 | €1,102 | €6,144 | +€5,042 | +457.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,264 | -€23,062 | -€13,798 | -148.9% |
| Profit (loss) for the period | 9904 | -€9,264 | -€23,062 | -€13,798 | -148.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,264 | -€23,062 | -€13,798 | -148.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.