S.T.D.B.: 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.D.B.
Largest movements
- Receivables within one year -€27,857
down €27,857 (-21.8%), from €127,991 to €100,134
- Current investments +€21,058
up €21,058 (+57.9%), from €36,391 to €57,449
- Stocks and contracts +€4,947
up €4,947 (+129%), from €3,836 to €8,783
- Cash -€3,987
down €3,987 (-3.4%), from €117,497 to €113,509
mainly Debts (-€27,491) and Current investments (-€21,058)
- Debts -€27,491
down €27,491 (-23.9%), from €115,197 to €87,706
- Reserves +€20,303
up €20,303 (+16.3%), from €124,496 to €144,798
- Gross operating margin -€33,631
down €33,631 (-28.0%), from €120,255 to €86,625
- Taxes +€7,233
up €7,233 (+122%), from €5,919 to €13,152
From the 2013 result to the 2014 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 2013 and 2014 balance sheets and the 2014 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2013 | 2014 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €301,692 | €294,504 | -€7,188 | -2.4% |
| Fixed assets | 21/28 | €15,850 | €14,628 | -€1,222 | -7.7% |
| Tangible fixed assets | 22/27 | €15,631 | €14,409 | -€1,222 | -7.8% |
| Financial fixed assets | 28 | €219 | €219 | = | 0.0% |
| Current assets | 29/58 | €285,842 | €279,876 | -€5,966 | -2.1% |
| Stocks and contracts in progress | 3 | €3,836 | €8,783 | +€4,947 | +129% |
| Amounts receivable within one year | 40/41 | €127,991 | €100,134 | -€27,857 | -21.8% |
| Current investments | 50/53 | €36,391 | €57,449 | +€21,058 | +57.9% |
| Cash at bank and in hand | 54/58 | €117,497 | €113,509 | -€3,987 | -3.4% |
| Total equity and liabilities | 10/49 | €301,692 | €294,504 | -€7,188 | -2.4% |
| Equity | 10/15 | €186,496 | €206,798 | +€20,303 | +10.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €124,496 | €144,798 | +€20,303 | +16.3% |
| Amounts payable | 17/49 | €115,197 | €87,706 | -€27,491 | -23.9% |
| Amounts payable within one year | 42/48 | €111,080 | €84,078 | -€27,003 | -24.3% |
| Trade debts | 44 | €19,191 | €8,185 | -€11,006 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,089 | €8,915 | -€174 | -1.9% |
| Gross operating margin | 9900 | €120,255 | €86,625 | -€33,631 | -28.0% |
| Operating profit (loss) | 9901 | €78,141 | €36,191 | -€41,951 | -53.7% |
| Recurring financial income | 75 | €3,078 | €1,450 | -€1,629 | -52.9% |
| Recurring financial charges | 65 | €4,325 | €4,186 | -€140 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €76,894 | €33,455 | -€43,440 | -56.5% |
| Income taxes | 67/77 | €5,919 | €13,152 | +€7,233 | +122% |
| Profit (loss) for the period | 9904 | €70,975 | €20,303 | -€50,673 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,975 | €20,303 | -€50,673 | -71.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2013 and 31 December 2014. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.