S.T.C.: 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.
S.T.C.
Largest movements
- Receivables within one year -€48,386
down €48,386 (-53.7%), from €90,092 to €41,707
of which Trade receivables: -€64,249
- Cash +€1,104
up €1,104 (+12.9%), from €8,581 to €9,685
mainly Receivables within one year (+€48,386) and Trade debts (+€10,172)
- Other debts -€46,556
down €46,556 (-99.4%), from €46,823 to €267
- Debts after one year -€25,379
down €25,379 (-100%), from €25,379 to €0
- Trade debts +€10,172
up €10,172 (+73.4%), from €13,857 to €24,029
- Tax, wage and social debts +€7,550
up €7,550 (+339%), from €2,225 to €9,774
- Profit (loss) carried forward +€6,368
up €6,368 (+95.1%), from -€6,695 to -€328
- Purchases and services +€18,960
up €18,960 (+28.0%), from €67,713 to €86,673
- Turnover +€12,659
up €12,659 (+16.2%), from €77,991 to €90,650
- Financial charges -€1,218
down €1,218 (-65.6%), from €1,858 to €639
- Staff costs -€1,127
no longer reported in 2025 (was €1,127)
- Taxes +€921
up €921 (+58.0%), from €1,588 to €2,510
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.
Derived cash bridge
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 | €100,179 | €52,334 | -€47,845 | -47.8% |
| Fixed assets | 21/28 | €1,506 | €943 | -€563 | -37.4% |
| Tangible fixed assets | 22/27 | €1,506 | €943 | -€563 | -37.4% |
| Plant, machinery and equipment | 23 | €1,506 | €943 | -€563 | -37.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €98,674 | €51,392 | -€47,282 | -47.9% |
| Amounts receivable within one year | 40/41 | €90,092 | €41,707 | -€48,386 | -53.7% |
| Trade receivables | 40 | €89,382 | €25,133 | -€64,249 | -71.9% |
| Other amounts receivable | 41 | €710 | €16,574 | +€15,863 | +2,233% |
| Cash at bank and in hand | 54/58 | €8,581 | €9,685 | +€1,104 | +12.9% |
| Total equity and liabilities | 10/49 | €100,179 | €52,334 | -€47,845 | -47.8% |
| Equity | 10/15 | €11,897 | €18,264 | +€6,368 | +53.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,695 | -€328 | +€6,368 | +95.1% |
| Amounts payable | 17/49 | €88,283 | €34,070 | -€54,213 | -61.4% |
| Amounts payable after more than one year | 17 | €25,379 | €0 | -€25,379 | -100% |
| Financial debts | 170/4 | €25,379 | €0 | -€25,379 | -100% |
| Amounts payable within one year | 42/48 | €62,904 | €34,070 | -€28,834 | -45.8% |
| Trade debts | 44 | €13,857 | €24,029 | +€10,172 | +73.4% |
| Suppliers | 440/4 | €13,857 | €24,029 | +€10,172 | +73.4% |
| Taxes, remuneration and social security | 45 | €2,225 | €9,774 | +€7,550 | +339% |
| Taxes | 450/3 | €2,225 | €9,774 | +€7,550 | +339% |
| Other amounts payable | 47/48 | €46,823 | €267 | -€46,556 | -99.4% |
| Turnover | 70 | €77,991 | €90,650 | +€12,659 | +16.2% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €67,713 | €86,673 | +€18,960 | +28.0% |
| Remuneration, social security and pensions | 62 | €1,127 | - | -€1,127 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €875 | €563 | -€311 | -35.6% |
| Other operating charges | 640/8 | €442 | €240 | -€202 | -45.6% |
| Gross operating margin | 9900 | €10,278 | €10,320 | +€42 | +0.4% |
| Operating profit (loss) | 9901 | €7,834 | €9,516 | +€1,683 | +21.5% |
| Financial income | 75/76B | €628 | - | -€628 | |
| Recurring financial income | 75 | €628 | - | -€628 | |
| Financial charges | 65/66B | €1,858 | €639 | -€1,218 | -65.6% |
| Recurring financial charges | 65 | €1,858 | €639 | -€1,218 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | €6,604 | €8,877 | +€2,273 | +34.4% |
| Income taxes | 67/77 | €1,588 | €2,510 | +€921 | +58.0% |
| Profit (loss) for the period | 9904 | €5,016 | €6,368 | +€1,352 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,016 | €6,368 | +€1,352 | +27.0% |
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 24 October 2026 via checked.be.