S.T.C. et Co: what changed
What changed
S.T.C. et Co
NACE 73.110, Advertising agencies
filed annual accounts (NBB)
Net result for the year
€10,299
2024 · €4,859+€5,441
Equity
€433,509
2024 · €423,210+€10,299
Cash
€508
2024 · €6,624-€6,116
Balance sheet total
€1.4m
2024 · €1.4m+€18,073
Largest movements
Assets
- Receivables within one year +€63,011
up €63,011 (+45.6%), from €138,060 to €201,072
of which Trade receivables: +€46,829
- Tangible fixed assets -€39,063
down €39,063 (-3.2%), from €1.2m to €1.2m
of which Land and buildings: -€33,164
Equity and liabilities
- Other debts +€62,671
up €62,671 (+58.6%), from €107,002 to €169,673
- Debts after one year -€42,509
down €42,509 (-6.6%), from €642,528 to €600,019
- Profit (loss) carried forward +€22,981
up €22,981 (+35.8%), from -€64,126 to -€41,145
Income statement
- Gross operating margin +€5,217
up €5,217 (+7.4%), from €70,050 to €75,267
- Financial charges -€3,594
down €3,594 (-21.7%), from €16,579 to €12,985
- Depreciation +€2,202
up €2,202 (+4.3%), from €51,090 to €53,292
- Other operating charges +€1,168
up €1,168 (+41.0%), from €2,850 to €4,018
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.
Result 2024
€4,859
Gross operating margin
+€5,217
Depreciation
-€2,202
Other operating charges
-€1,168
Financial charges
+€3,594
Result 2025
€10,299
raises the resultlowers the result
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.
From operations
+€50,622
Investment
-€14,229
Financing
-€42,509
Cash 2024
€6,624
From operations (derived)
+€50,622
Net result for the year
+€10,299
Depreciation
+€53,292
Receivables within one year
-€63,011
Deferred charges and accrued income
-€240
Provisions
-€5,327
Trade debts
-€1,487
Tax, wage and social debts
-€5,575
Other debts
+€62,671
Investment (derived)
-€14,229
Investment in fixed assets (net)
-€14,229
Financing
-€42,509
Debts after one year
-€42,509
Cash 2025
€508
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,368,990 | €1,387,063 | +€18,073 | +1.3% |
| Fixed assets | 21/28 | €1,224,305 | €1,185,242 | -€39,063 | -3.2% |
| Tangible fixed assets | 22/27 | €1,224,305 | €1,185,242 | -€39,063 | -3.2% |
| Land and buildings | 22 | €1,072,440 | €1,039,276 | -€33,164 | -3.1% |
| Plant, machinery and equipment | 23 | €2,395 | €1,837 | -€558 | -23.3% |
| Furniture and vehicles | 24 | €11,476 | €8,085 | -€3,392 | -29.6% |
| Other tangible fixed assets | 26 | €137,993 | €136,045 | -€1,949 | -1.4% |
| Current assets | 29/58 | €144,685 | €201,820 | +€57,135 | +39.5% |
| Amounts receivable within one year | 40/41 | €138,060 | €201,072 | +€63,011 | +45.6% |
| Trade receivables | 40 | €34,968 | €81,797 | +€46,829 | +134% |
| Other amounts receivable | 41 | €103,092 | €119,274 | +€16,182 | +15.7% |
| Cash at bank and in hand | 54/58 | €6,624 | €508 | -€6,116 | -92.3% |
| Deferred charges and accrued income | 490/1 | - | €240 | +€240 | |
| Total equity and liabilities | 10/49 | €1,368,990 | €1,387,063 | +€18,073 | +1.3% |
| Equity | 10/15 | €423,210 | €433,509 | +€10,299 | +2.4% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €456,349 | €443,667 | -€12,681 | -2.8% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €445,794 | €433,113 | -€12,681 | -2.8% |
| Distributable reserves | 133 | €4,305 | €4,305 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,126 | -€41,145 | +€22,981 | +35.8% |
| Provisions and deferred taxes | 16 | €187,256 | €181,929 | -€5,327 | -2.8% |
| Deferred taxes | 168 | €187,256 | €181,929 | -€5,327 | -2.8% |
| Amounts payable | 17/49 | €758,524 | €771,624 | +€13,100 | +1.7% |
| Amounts payable after more than one year | 17 | €642,528 | €600,019 | -€42,509 | -6.6% |
| Financial debts | 170/4 | €642,528 | €600,019 | -€42,509 | -6.6% |
| Amounts payable within one year | 42/48 | €115,996 | €171,605 | +€55,609 | +47.9% |
| Trade debts | 44 | €3,258 | €1,771 | -€1,487 | -45.6% |
| Suppliers | 440/4 | €3,258 | €1,771 | -€1,487 | -45.6% |
| Taxes, remuneration and social security | 45 | €5,736 | €161 | -€5,575 | -97.2% |
| Taxes | 450/3 | €736 | €161 | -€575 | -78.1% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | €107,002 | €169,673 | +€62,671 | +58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,090 | €53,292 | +€2,202 | +4.3% |
| Other operating charges | 640/8 | €2,850 | €4,018 | +€1,168 | +41.0% |
| Gross operating margin | 9900 | €70,050 | €75,267 | +€5,217 | +7.4% |
| Operating profit (loss) | 9901 | €16,111 | €17,958 | +€1,847 | +11.5% |
| Financial charges | 65/66B | €16,579 | €12,985 | -€3,594 | -21.7% |
| Recurring financial charges | 65 | €16,579 | €12,985 | -€3,594 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | -€468 | €4,973 | +€5,441 | |
| Transfer from deferred taxes | 780 | €5,327 | €5,327 | = | 0.0% |
| Profit (loss) for the period | 9904 | €4,859 | €10,299 | +€5,441 | +112% |
| Transfer from tax-exempt reserves | 789 | €12,681 | €12,681 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,540 | €22,981 | +€5,441 | +31.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.