S.T.S.: 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.S.
Largest movements
- Receivables within one year -€439,147
down €439,147 (-73.3%), from €599,221 to €160,074
of which Trade receivables: -€437,149
- Deferred charges and accrued income +€432,220
up €432,220 (+19,691%), from €2,195 to €434,415
- Debts after one year -€25,371
down €25,371 (-54.5%), from €46,554 to €21,183
- Advances received +€24,532
up €24,532 (+1,142%), from €2,149 to €26,681
- Gross operating margin -€63,472
down €63,472 (-27.0%), from €234,744 to €171,272
- Staff costs -€37,305
down €37,305 (-19.1%), from €195,210 to €157,905
- Other operating charges +€5,018
up €5,018 (+162%), from €3,097 to €8,115
- Depreciation -€4,505
down €4,505 (-38.8%), from €11,621 to €7,116
- Financial charges +€3,977
up €3,977 (+52.4%), from €7,593 to €11,570
of which Financial charges: +€3,968
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 | €1,823,170 | €1,825,281 | +€2,111 | +0.1% |
| Fixed assets | 21/28 | €1,193,343 | €1,186,227 | -€7,116 | -0.6% |
| Tangible fixed assets | 22/27 | €1,192,843 | €1,185,727 | -€7,116 | -0.6% |
| Land and buildings | 22 | €1,185,271 | €1,182,386 | -€2,885 | -0.2% |
| Furniture and vehicles | 24 | €7,572 | €3,341 | -€4,231 | -55.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €629,827 | €639,054 | +€9,227 | +1.5% |
| Stocks and contracts in progress | 3 | €6,527 | €6,527 | = | 0.0% |
| Stocks | 30/36 | €6,527 | €6,527 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €599,221 | €160,074 | -€439,147 | -73.3% |
| Trade receivables | 40 | €594,664 | €157,515 | -€437,149 | -73.5% |
| Other amounts receivable | 41 | €4,557 | €2,559 | -€1,998 | -43.8% |
| Cash at bank and in hand | 54/58 | €21,884 | €38,038 | +€16,154 | +73.8% |
| Deferred charges and accrued income | 490/1 | €2,195 | €434,415 | +€432,220 | +19,691% |
| Total equity and liabilities | 10/49 | €1,823,170 | €1,825,281 | +€2,111 | +0.1% |
| Equity | 10/15 | €1,380,098 | €1,366,664 | -€13,434 | -1.0% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Revaluation surpluses | 12 | €1,083,233 | €1,083,233 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €285,090 | €271,656 | -€13,434 | -4.7% |
| Amounts payable | 17/49 | €443,072 | €458,617 | +€15,545 | +3.5% |
| Amounts payable after more than one year | 17 | €46,554 | €21,183 | -€25,371 | -54.5% |
| Financial debts | 170/4 | €46,554 | €21,183 | -€25,371 | -54.5% |
| Amounts payable within one year | 42/48 | €396,517 | €436,681 | +€40,164 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €159,381 | €165,181 | +€5,800 | +3.6% |
| Trade debts | 44 | €20,169 | €24,458 | +€4,289 | +21.3% |
| Suppliers | 440/4 | €20,169 | €24,458 | +€4,289 | +21.3% |
| Advances received on contracts in progress | 46 | €2,149 | €26,681 | +€24,532 | +1,142% |
| Taxes, remuneration and social security | 45 | €17,583 | €17,411 | -€172 | -1.0% |
| Taxes | 450/3 | €3,191 | €2,790 | -€401 | -12.6% |
| Remuneration and social security | 454/9 | €14,392 | €14,621 | +€229 | +1.6% |
| Other amounts payable | 47/48 | €197,235 | €202,950 | +€5,715 | +2.9% |
| Accrued charges and deferred income | 492/3 | €1 | €753 | +€752 | +75,200% |
| Remuneration, social security and pensions | 62 | €195,210 | €157,905 | -€37,305 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,621 | €7,116 | -€4,505 | -38.8% |
| Other operating charges | 640/8 | €3,097 | €8,115 | +€5,018 | +162% |
| Non-recurring operating charges | 66A | €16,693 | - | -€16,693 | |
| Gross operating margin | 9900 | €234,744 | €171,272 | -€63,472 | -27.0% |
| Operating profit (loss) | 9901 | €8,123 | -€1,864 | -€9,987 | |
| Financial income | 75/76B | €219 | - | -€219 | |
| Recurring financial income | 75 | €219 | - | -€219 | |
| Financial charges | 65/66B | €7,593 | €11,570 | +€3,977 | +52.4% |
| Recurring financial charges | 65 | €7,593 | €11,561 | +€3,968 | +52.3% |
| Non-recurring financial charges | 66B | - | €9 | +€9 | |
| Profit (loss) for the period before taxes | 9903 | €749 | -€13,434 | -€14,183 | |
| Income taxes | 67/77 | €617 | - | -€617 | |
| Profit (loss) for the period | 9904 | €132 | -€13,434 | -€13,566 | |
| Profit (loss) for the period to be appropriated | 9905 | €132 | -€13,434 | -€13,566 |
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 28 October 2026 via checked.be.