S&T LOGISTICS: 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 LOGISTICS
Largest movements
- Cash -€11,657
down €11,657 (-21.8%), from €53,412 to €41,754
mainly Investment in fixed assets (net) (-€68,020) and Net result for the year (-€47,718)
- Financial fixed assets +€10,000
up €10,000 (+24.8%), from €40,395 to €50,395
- Tangible fixed assets -€8,982
down €8,982 (-8.3%), from €108,196 to €99,214
of which Leasing and similar rights: -€5,579
- Profit (loss) carried forward -€47,718
down €47,718 (-63.6%), from €75,008 to €27,290
- Tax, wage and social debts +€33,421
up €33,421 (+21.8%), from €153,377 to €186,798
of which Taxes: +€30,364
- Other debts +€17,805
up €17,805 (+281%), from €6,336 to €24,141
- Debts after one year -€10,148
down €10,148 (-69.4%), from €14,625 to €4,477
- Current portion of long-term debt -€3,619
down €3,619 (-18.9%), from €19,110 to €15,490
- Gross operating margin +€263,545
up €263,545 (+75.4%), from €349,662 to €613,207
- Staff costs +€236,234
up €236,234 (+78.5%), from €300,826 to €537,060
- Other operating charges +€52,162
new in 2024: €52,162
- Provisions -€51,676
no longer reported in 2024 (was €51,676)
- Financial income -€25,157
down €25,157 (-94.2%), from €26,708 to €1,550
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €349,131 | €339,424 | -€9,707 | -2.8% |
| Fixed assets | 21/28 | €148,591 | €149,609 | +€1,018 | +0.7% |
| Tangible fixed assets | 22/27 | €108,196 | €99,214 | -€8,982 | -8.3% |
| Furniture and vehicles | 24 | €88,685 | €85,282 | -€3,403 | -3.8% |
| Leasing and similar rights | 25 | €19,511 | €13,932 | -€5,579 | -28.6% |
| Financial fixed assets | 28 | €40,395 | €50,395 | +€10,000 | +24.8% |
| Current assets | 29/58 | €200,540 | €189,815 | -€10,725 | -5.3% |
| Amounts receivable within one year | 40/41 | €147,128 | €148,061 | +€932 | +0.6% |
| Trade receivables | 40 | €147,128 | €148,061 | +€932 | +0.6% |
| Cash at bank and in hand | 54/58 | €53,412 | €41,754 | -€11,657 | -21.8% |
| Total equity and liabilities | 10/49 | €349,131 | €339,424 | -€9,707 | -2.8% |
| Equity | 10/15 | €82,008 | €34,290 | -€47,718 | -58.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,008 | €27,290 | -€47,718 | -63.6% |
| Amounts payable | 17/49 | €267,123 | €305,135 | +€38,012 | +14.2% |
| Amounts payable after more than one year | 17 | €14,625 | €4,477 | -€10,148 | -69.4% |
| Financial debts | 170/4 | €14,625 | €4,477 | -€10,148 | -69.4% |
| Amounts payable within one year | 42/48 | €252,498 | €300,657 | +€48,159 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €19,110 | €15,490 | -€3,619 | -18.9% |
| Financial debts | 43 | €5,000 | €5,000 | = | 0.0% |
| Credit institutions | 430/8 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €68,676 | €69,228 | +€553 | +0.8% |
| Suppliers | 440/4 | €68,676 | €69,228 | +€553 | +0.8% |
| Taxes, remuneration and social security | 45 | €153,377 | €186,798 | +€33,421 | +21.8% |
| Taxes | 450/3 | €91,704 | €122,068 | +€30,364 | +33.1% |
| Remuneration and social security | 454/9 | €61,672 | €64,729 | +€3,057 | +5.0% |
| Other amounts payable | 47/48 | €6,336 | €24,141 | +€17,805 | +281% |
| Remuneration, social security and pensions | 62 | €300,826 | €537,060 | +€236,234 | +78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,082 | €67,001 | -€4,081 | -5.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €51,676 | - | -€51,676 | |
| Other operating charges | 640/8 | - | €52,162 | +€52,162 | |
| Non-recurring operating charges | 66A | €1 | €0 | -€0 | -37.9% |
| Gross operating margin | 9900 | €349,662 | €613,207 | +€263,545 | +75.4% |
| Operating profit (loss) | 9901 | -€73,922 | -€43,017 | +€30,905 | +41.8% |
| Financial income | 75/76B | €26,708 | €1,550 | -€25,157 | -94.2% |
| Recurring financial income | 75 | €26,708 | €1,550 | -€25,157 | -94.2% |
| Financial charges | 65/66B | €2,996 | €3,059 | +€64 | +2.1% |
| Recurring financial charges | 65 | €2,996 | €3,059 | +€64 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€50,211 | -€44,527 | +€5,684 | +11.3% |
| Income taxes | 67/77 | €1,005 | €3,192 | +€2,187 | +218% |
| Profit (loss) for the period | 9904 | -€51,216 | -€47,718 | +€3,498 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,216 | -€47,718 | +€3,498 | +6.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.