S-T & ASSOCIES: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
S-T & ASSOCIES
Largest movements
- Receivables within one year +€80,999
up €80,999 (+456%), from €17,747 to €98,746
- Cash -€28,458
down €28,458 (-38.0%), from €74,852 to €46,395
mainly Receivables within one year (-€80,999)
- Profit (loss) carried forward +€36,750
up €36,750 (+66.7%), from €55,115 to €91,865
- Trade debts +€8,140
up €8,140 (+35.5%), from €22,939 to €31,080
- Tax, wage and social debts +€6,226
up €6,226 (+2,021%), from €308 to €6,534
of which Remuneration and social security: +€3,126
- Gross operating margin +€58,144
up €58,144 (+285%), from €20,437 to €78,581
- Taxes +€16,970
up €16,970 (+530%), from €3,200 to €20,170
- Staff costs +€5,266
new in 2025: €5,266
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,963 | €148,079 | +€51,116 | +52.7% |
| Fixed assets | 21/28 | €1,988 | €1,063 | -€925 | -46.5% |
| Tangible fixed assets | 22/27 | €1,988 | €1,063 | -€925 | -46.5% |
| Furniture and vehicles | 24 | €495 | - | -€495 | |
| Other tangible fixed assets | 26 | €1,493 | €1,063 | -€430 | -28.8% |
| Current assets | 29/58 | €94,975 | €147,016 | +€52,041 | +54.8% |
| Stocks and contracts in progress | 3 | €2,376 | €1,876 | -€500 | -21.0% |
| Stocks | 30/36 | €2,376 | €1,876 | -€500 | -21.0% |
| Amounts receivable within one year | 40/41 | €17,747 | €98,746 | +€80,999 | +456% |
| Other amounts receivable | 41 | €17,747 | €98,746 | +€80,999 | +456% |
| Cash at bank and in hand | 54/58 | €74,852 | €46,395 | -€28,458 | -38.0% |
| Total equity and liabilities | 10/49 | €96,963 | €148,079 | +€51,116 | +52.7% |
| Equity | 10/15 | €73,715 | €110,465 | +€36,750 | +49.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,115 | €91,865 | +€36,750 | +66.7% |
| Amounts payable | 17/49 | €23,248 | €37,614 | +€14,366 | +61.8% |
| Amounts payable within one year | 42/48 | €23,248 | €37,614 | +€14,366 | +61.8% |
| Trade debts | 44 | €22,939 | €31,080 | +€8,140 | +35.5% |
| Suppliers | 440/4 | €22,939 | €31,080 | +€8,140 | +35.5% |
| Taxes, remuneration and social security | 45 | €308 | €6,534 | +€6,226 | +2,021% |
| Taxes | 450/3 | - | €3,100 | +€3,100 | |
| Remuneration and social security | 454/9 | €308 | €3,434 | +€3,126 | +1,015% |
| Remuneration, social security and pensions | 62 | - | €5,266 | +€5,266 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €925 | €925 | = | 0.0% |
| Other operating charges | 640/8 | €587 | €387 | -€200 | -34.0% |
| Non-recurring operating charges | 66A | €7,152 | €14,726 | +€7,574 | +106% |
| Gross operating margin | 9900 | €20,437 | €78,581 | +€58,144 | +285% |
| Operating profit (loss) | 9901 | €11,773 | €57,277 | +€45,504 | +387% |
| Financial charges | 65/66B | €270 | €357 | +€87 | +32.4% |
| Recurring financial charges | 65 | €270 | €357 | +€87 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €11,503 | €56,920 | +€45,417 | +395% |
| Income taxes | 67/77 | €3,200 | €20,170 | +€16,970 | +530% |
| Profit (loss) for the period | 9904 | €8,303 | €36,750 | +€28,447 | +343% |
| Profit (loss) for the period to be appropriated | 9905 | €8,303 | €36,750 | +€28,447 | +343% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.