S T 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.
S T Services
Largest movements
- Receivables within one year +€266,893
up €266,893 (+115%), from €232,352 to €499,245
of which Trade receivables: +€266,893
- Cash +€26,308
up €26,308 (+72.3%), from €36,406 to €62,713
mainly Net result for the year (+€176,616) and Tax, wage and social debts (+€110,065)
- Deferred charges and accrued income +€23,027
up €23,027 (+101%), from €22,770 to €45,797
- Tangible fixed assets -€21,295
down €21,295 (-22.7%), from €93,657 to €72,363
- Tax, wage and social debts +€110,065
up €110,065 (+138%), from €79,841 to €189,906
of which Taxes: +€79,642
- Reserves +€100,500
up €100,500 (+5,265%), from €1,909 to €102,409
- Profit (loss) carried forward +€76,116
up €76,116 (+51.4%), from €148,001 to €224,116
- Trade debts +€30,467
up €30,467 (+27.8%), from €109,759 to €140,226
- Debts after one year -€21,079
down €21,079 (-32.5%), from €64,885 to €43,806
of which Other amounts payable: -€11,700
- Gross operating margin +€175,528
up €175,528 (+34.7%), from €505,987 to €681,515
- Staff costs +€53,774
up €53,774 (+16.5%), from €326,068 to €379,842
- Taxes +€42,565
up €42,565 (+131%), from €32,384 to €74,949
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €452,888 | €745,757 | +€292,869 | +64.7% |
| Fixed assets | 21/28 | €93,910 | €72,750 | -€21,160 | -22.5% |
| Tangible fixed assets | 22/27 | €93,657 | €72,363 | -€21,295 | -22.7% |
| Plant, machinery and equipment | 23 | €25,831 | €21,122 | -€4,709 | -18.2% |
| Furniture and vehicles | 24 | €14,406 | €10,619 | -€3,786 | -26.3% |
| Leasing and similar rights | 25 | €35,102 | €25,512 | -€9,590 | -27.3% |
| Other tangible fixed assets | 26 | €18,319 | €15,109 | -€3,209 | -17.5% |
| Financial fixed assets | 28 | €253 | €388 | +€135 | +53.4% |
| Current assets | 29/58 | €358,978 | €673,006 | +€314,028 | +87.5% |
| Stocks and contracts in progress | 3 | €67,451 | €65,251 | -€2,200 | -3.3% |
| Stocks | 30/36 | €67,451 | €65,251 | -€2,200 | -3.3% |
| Amounts receivable within one year | 40/41 | €232,352 | €499,245 | +€266,893 | +115% |
| Trade receivables | 40 | €232,352 | €499,245 | +€266,893 | +115% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €36,406 | €62,713 | +€26,308 | +72.3% |
| Deferred charges and accrued income | 490/1 | €22,770 | €45,797 | +€23,027 | +101% |
| Total equity and liabilities | 10/49 | €452,888 | €745,757 | +€292,869 | +64.7% |
| Equity | 10/15 | €169,909 | €346,525 | +€176,616 | +104% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,909 | €102,409 | +€100,500 | +5,265% |
| Distributable reserves | 133 | €1,909 | €102,409 | +€100,500 | +5,265% |
| Profit (loss) carried forward | 14 | €148,001 | €224,116 | +€76,116 | +51.4% |
| Amounts payable | 17/49 | €282,979 | €399,232 | +€116,253 | +41.1% |
| Amounts payable after more than one year | 17 | €64,885 | €43,806 | -€21,079 | -32.5% |
| Financial debts | 170/4 | €28,935 | €19,556 | -€9,379 | -32.4% |
| Other amounts payable | 178/9 | €35,950 | €24,250 | -€11,700 | -32.5% |
| Amounts payable within one year | 42/48 | €217,981 | €355,336 | +€137,356 | +63.0% |
| Current portion of amounts payable after more than one year | 42 | €28,381 | €25,205 | -€3,176 | -11.2% |
| Trade debts | 44 | €109,759 | €140,226 | +€30,467 | +27.8% |
| Suppliers | 440/4 | €109,759 | €140,226 | +€30,467 | +27.8% |
| Taxes, remuneration and social security | 45 | €79,841 | €189,906 | +€110,065 | +138% |
| Taxes | 450/3 | €23,674 | €103,316 | +€79,642 | +336% |
| Remuneration and social security | 454/9 | €56,167 | €86,590 | +€30,423 | +54.2% |
| Accrued charges and deferred income | 492/3 | €113 | €89 | -€24 | -21.1% |
| Remuneration, social security and pensions | 62 | €326,068 | €379,842 | +€53,774 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,809 | €31,982 | -€827 | -2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,729 | €0 | -€2,729 | -100% |
| Other operating charges | 640/8 | €4,538 | €8,636 | +€4,098 | +90.3% |
| Non-recurring operating charges | 66A | €1,440 | €6,161 | +€4,721 | +328% |
| Gross operating margin | 9900 | €505,987 | €681,515 | +€175,528 | +34.7% |
| Operating profit (loss) | 9901 | €138,402 | €254,894 | +€116,491 | +84.2% |
| Financial income | 75/76B | €0 | €904 | +€904 | |
| Recurring financial income | 75 | €0 | €904 | +€904 | |
| Financial charges | 65/66B | €5,580 | €4,233 | -€1,346 | -24.1% |
| Recurring financial charges | 65 | €5,580 | €4,233 | -€1,346 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €132,823 | €251,565 | +€118,742 | +89.4% |
| Income taxes | 67/77 | €32,384 | €74,949 | +€42,565 | +131% |
| Profit (loss) for the period | 9904 | €100,439 | €176,616 | +€76,176 | +75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €100,439 | €176,616 | +€76,176 | +75.8% |
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 15 October 2026 via checked.be.