S.T.D. SERVICES: 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.
What changed
S.T.D. SERVICES
NACE 82.100, Office administrative and support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€29,119
2024 · -€12,555+€41,674
Equity
€145,174
2024 · €116,055+€29,119
Cash
€90,182
2024 · €37,754+€52,428
Balance sheet total
€1.4m
2024 · €1.5m-€44,657
Largest movements
Assets
- Tangible fixed assets -€107,607
down €107,607 (-7.7%), from €1.4m to €1.3m
of which Land and buildings: -€103,630
- Cash +€52,428
up €52,428 (+139%), from €37,754 to €90,182
mainly Depreciation (+€107,607) and Net result for the year (+€29,119)
Equity and liabilities
- Debts after one year -€70,000
down €70,000 (-23.1%), from €302,500 to €232,500
- Reserves +€29,119
up €29,119 (+15.7%), from €185,262 to €214,381
of which Distributable reserves: +€38,583
Income statement
- Depreciation -€124,334
down €124,334 (-53.6%), from €231,941 to €107,607
- Gross operating margin -€75,914
down €75,914 (-33.2%), from €228,746 to €152,832
- Financial charges -€9,804
down €9,804 (-74.2%), from €13,216 to €3,412
- Other operating charges +€5,790
up €5,790 (+71.8%), from €8,067 to €13,857
- Taxes +€3,017
new in 2025: €3,017
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.
Result 2024
-€12,555
Gross operating margin
-€75,914
Depreciation
+€124,334
Other operating charges
-€5,790
Other operating items
-€1,150
Financial income
-€2,805
Financial charges
+€9,804
Taxes
-€3,017
Deferred taxes and other
-€3,787
Result 2025
€29,119
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€129,928
Investment
-€0
Financing
-€77,500
Cash 2024
€37,754
From operations (derived)
+€129,928
Net result for the year
+€29,119
Depreciation
+€107,607
Receivables within one year
-€12,765
Deferred charges and accrued income
+€2,244
Provisions
-€5,050
Trade debts
-€1,284
Tax, wage and social debts
+€10,246
Other debts
-€189
Investment (derived)
-€0
Investment in fixed assets (net)
-€0
Financing
-€77,500
Debts after one year
-€70,000
Current portion of long-term debt
-€7,500
Contributions, distributions and other
+€0
Cash 2025
€90,182
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,458,530 | €1,413,873 | -€44,657 | -3.1% |
| Fixed assets | 21/28 | €1,405,239 | €1,297,632 | -€107,607 | -7.7% |
| Tangible fixed assets | 22/27 | €1,405,239 | €1,297,632 | -€107,607 | -7.7% |
| Land and buildings | 22 | €1,378,868 | €1,275,238 | -€103,630 | -7.5% |
| Plant, machinery and equipment | 23 | €671 | €494 | -€177 | -26.4% |
| Furniture and vehicles | 24 | €9,499 | €5,700 | -€3,799 | -40.0% |
| Other tangible fixed assets | 26 | €16,200 | €16,200 | = | 0.0% |
| Current assets | 29/58 | €53,291 | €116,241 | +€62,950 | +118% |
| Amounts receivable within one year | 40/41 | €13,294 | €26,059 | +€12,765 | +96.0% |
| Trade receivables | 40 | €6,694 | €6,499 | -€195 | -2.9% |
| Other amounts receivable | 41 | €6,600 | €19,560 | +€12,960 | +196% |
| Cash at bank and in hand | 54/58 | €37,754 | €90,182 | +€52,428 | +139% |
| Deferred charges and accrued income | 490/1 | €2,244 | - | -€2,244 | |
| Total equity and liabilities | 10/49 | €1,458,530 | €1,413,873 | -€44,657 | -3.1% |
| Equity | 10/15 | €116,055 | €145,174 | +€29,119 | +25.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €185,262 | €214,381 | +€29,119 | +15.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €68,619 | €59,155 | -€9,464 | -13.8% |
| Distributable reserves | 133 | €110,443 | €149,026 | +€38,583 | +34.9% |
| Profit (loss) carried forward | 14 | -€131,207 | -€131,207 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €36,612 | €31,562 | -€5,050 | -13.8% |
| Deferred taxes | 168 | €36,612 | €31,562 | -€5,050 | -13.8% |
| Amounts payable | 17/49 | €1,305,864 | €1,237,137 | -€68,727 | -5.3% |
| Amounts payable after more than one year | 17 | €302,500 | €232,500 | -€70,000 | -23.1% |
| Financial debts | 170/4 | €302,500 | €232,500 | -€70,000 | -23.1% |
| Amounts payable within one year | 42/48 | €1,003,364 | €1,004,637 | +€1,273 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €77,500 | €70,000 | -€7,500 | -9.7% |
| Trade debts | 44 | €5,209 | €3,925 | -€1,284 | -24.7% |
| Suppliers | 440/4 | €5,209 | €3,925 | -€1,284 | -24.7% |
| Taxes, remuneration and social security | 45 | €15 | €10,261 | +€10,246 | +69,798% |
| Taxes | 450/3 | €15 | €10,261 | +€10,246 | +69,798% |
| Other amounts payable | 47/48 | €920,640 | €920,451 | -€189 | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231,941 | €107,607 | -€124,334 | -53.6% |
| Other operating charges | 640/8 | €8,067 | €13,857 | +€5,790 | +71.8% |
| Non-recurring operating charges | 66A | - | €1,150 | +€1,150 | |
| Gross operating margin | 9900 | €228,746 | €152,832 | -€75,914 | -33.2% |
| Operating profit (loss) | 9901 | -€11,262 | €30,218 | +€41,480 | |
| Financial income | 75/76B | €3,085 | €280 | -€2,805 | -90.9% |
| Recurring financial income | 75 | €3,085 | €280 | -€2,805 | -90.9% |
| Financial charges | 65/66B | €13,216 | €3,412 | -€9,804 | -74.2% |
| Recurring financial charges | 65 | €13,216 | €3,412 | -€9,804 | -74.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,392 | €27,086 | +€48,478 | |
| Transfer from deferred taxes | 780 | €8,837 | €5,050 | -€3,787 | -42.9% |
| Income taxes | 67/77 | - | €3,017 | +€3,017 | |
| Profit (loss) for the period | 9904 | -€12,555 | €29,119 | +€41,674 | |
| Transfer from tax-exempt reserves | 789 | €16,563 | €9,464 | -€7,099 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,008 | €38,583 | +€34,575 | +863% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.