S&T GROUP: 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 GROUP
Largest movements
- Tangible fixed assets +€58,393
up €58,393 (+269.4%), from €21,679 to €80,072
of which Furniture and vehicles: +€62,306
- Cash -€4,632
down €4,632 (-87.8%), from €5,273 to €642
mainly Investment in fixed assets (net) (-€67,491) and Net result for the year (-€8,730)
- Receivables within one year -€3,651
down €3,651 (-52.0%), from €7,026 to €3,375
of which Trade receivables: -€7,026
- Trade debts +€53,399
up €53,399 (+2332.2%), from €2,290 to €55,689
- Other debts +€9,969
up €9,969 (+261.4%), from €3,814 to €13,783
- Reserves -€6,548
down €6,548 (-29.2%), from €22,405 to €15,857
- Tax, wage and social debts -€4,549
down €4,549 (-79.6%), from €5,716 to €1,167
of which Taxes: -€4,549
- Profit (loss) carried forward -€2,183
down €2,183, from €0 to -€2,183
- Gross operating margin -€15,468
down €15,468 (-92.1%), from €16,794 to €1,327
- Depreciation +€2,176
up €2,176 (+31.4%), from €6,921 to €9,098
- Taxes -€1,159
down €1,159 (-99.7%), from €1,163 to €4
- Other operating charges +€374
up €374 (+69.0%), from €541 to €915
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.
Cash bridge derived
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 | €34,226 | €84,369 | +€50,143 | +146.5% |
| Fixed assets | 21/28 | €21,679 | €80,072 | +€58,393 | +269.4% |
| Tangible fixed assets | 22/27 | €21,679 | €80,072 | +€58,393 | +269.4% |
| Land and buildings | 22 | €5,159 | €4,429 | -€730 | -14.2% |
| Plant, machinery and equipment | 23 | €8,162 | €5,440 | -€2,722 | -33.3% |
| Furniture and vehicles | 24 | €7,897 | €70,203 | +€62,306 | +789.0% |
| Other tangible fixed assets | 26 | €461 | €0 | -€461 | -100.0% |
| Current assets | 29/58 | €12,547 | €4,297 | -€8,250 | -65.8% |
| Amounts receivable within one year | 40/41 | €7,026 | €3,375 | -€3,651 | -52.0% |
| Trade receivables | 40 | €7,026 | €0 | -€7,026 | -100.0% |
| Other amounts receivable | 41 | - | €3,375 | +€3,375 | |
| Cash at bank and in hand | 54/58 | €5,273 | €642 | -€4,632 | -87.8% |
| Deferred charges and accrued income | 490/1 | €248 | €280 | +€33 | +13.1% |
| Total equity and liabilities | 10/49 | €34,226 | €84,369 | +€50,143 | +146.5% |
| Equity | 10/15 | €22,406 | €13,675 | -€8,730 | -39.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €22,405 | €15,857 | -€6,548 | -29.2% |
| Distributable reserves | 133 | €22,405 | €15,857 | -€6,548 | -29.2% |
| Profit (loss) carried forward | 14 | €0 | -€2,183 | -€2,183 | |
| Amounts payable | 17/49 | €11,820 | €70,694 | +€58,874 | +498.1% |
| Amounts payable within one year | 42/48 | €11,820 | €70,639 | +€58,819 | +497.6% |
| Trade debts | 44 | €2,290 | €55,689 | +€53,399 | +2332.2% |
| Suppliers | 440/4 | €2,290 | €55,689 | +€53,399 | +2332.2% |
| Taxes, remuneration and social security | 45 | €5,716 | €1,167 | -€4,549 | -79.6% |
| Taxes | 450/3 | €5,716 | €1,167 | -€4,549 | -79.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,814 | €13,783 | +€9,969 | +261.4% |
| Accrued charges and deferred income | 492/3 | - | €55 | +€55 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,921 | €9,098 | +€2,176 | +31.4% |
| Other operating charges | 640/8 | €541 | €915 | +€374 | +69.0% |
| Gross operating margin | 9900 | €16,794 | €1,327 | -€15,468 | -92.1% |
| Operating profit (loss) | 9901 | €9,332 | -€8,686 | -€18,018 | |
| Financial income | 75/76B | €125 | €0 | -€125 | -100.0% |
| Recurring financial income | 75 | €125 | €0 | -€125 | -100.0% |
| Financial charges | 65/66B | €40 | €40 | +€1 | +1.8% |
| Recurring financial charges | 65 | €40 | €40 | +€1 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €9,417 | -€8,727 | -€18,144 | |
| Income taxes | 67/77 | €1,163 | €4 | -€1,159 | -99.7% |
| Profit (loss) for the period | 9904 | €8,254 | -€8,730 | -€16,984 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,254 | -€8,730 | -€16,984 |
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 12 October 2026 via checked.be.