S.T. TELECOM: 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. TELECOM
Largest movements
- Cash -€194,875
down €194,875 (-83.5%), from €233,299 to €38,424
mainly Other debts (-€349,571) and Contributions, distributions and other (-€48,236)
- Receivables within one year -€122,915
down €122,915 (-81.2%), from €151,325 to €28,410
of which Other amounts receivable: -€105,630
- Tangible fixed assets -€23,310
down €23,310 (-29.3%), from €79,570 to €56,261
of which Furniture and vehicles: -€16,967
- Deferred charges and accrued income -€5,001
no longer reported in 2025 (was €5,001)
- Other debts -€349,571
down €349,571 (-100.0%), from €349,700 to €129
- Gross operating margin -€31,373
down €31,373 (-27.5%), from €114,214 to €82,841
- Depreciation -€6,123
down €6,123 (-23.6%), from €25,945 to €19,822
- Write-downs -€2,552
no longer reported in 2025 (was €2,552)
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 | €469,196 | €124,594 | -€344,602 | -73.4% |
| Fixed assets | 21/28 | €79,570 | €56,261 | -€23,310 | -29.3% |
| Tangible fixed assets | 22/27 | €79,570 | €56,261 | -€23,310 | -29.3% |
| Land and buildings | 22 | €1,599 | €1,210 | -€389 | -24.3% |
| Plant, machinery and equipment | 23 | €7,249 | €1,295 | -€5,954 | -82.1% |
| Furniture and vehicles | 24 | €70,722 | €53,756 | -€16,967 | -24.0% |
| Current assets | 29/58 | €389,626 | €68,334 | -€321,292 | -82.5% |
| Stocks and contracts in progress | 3 | - | €1,500 | +€1,500 | |
| Stocks | 30/36 | - | €1,500 | +€1,500 | |
| Amounts receivable within one year | 40/41 | €151,325 | €28,410 | -€122,915 | -81.2% |
| Trade receivables | 40 | €45,695 | €28,410 | -€17,285 | -37.8% |
| Other amounts receivable | 41 | €105,630 | - | -€105,630 | |
| Cash at bank and in hand | 54/58 | €233,299 | €38,424 | -€194,875 | -83.5% |
| Deferred charges and accrued income | 490/1 | €5,001 | - | -€5,001 | |
| Total equity and liabilities | 10/49 | €469,196 | €124,594 | -€344,602 | -73.4% |
| Equity | 10/15 | €115,604 | €119,392 | +€3,788 | +3.3% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €27,750 | €27,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,091 | €4,879 | +€3,788 | +347% |
| Amounts payable | 17/49 | €353,592 | €5,202 | -€348,390 | -98.5% |
| Amounts payable within one year | 42/48 | €353,592 | €5,202 | -€348,390 | -98.5% |
| Trade debts | 44 | €3,452 | €2,518 | -€933 | -27.0% |
| Suppliers | 440/4 | €3,452 | €2,518 | -€933 | -27.0% |
| Taxes, remuneration and social security | 45 | €441 | €2,555 | +€2,115 | +480% |
| Taxes | 450/3 | €69 | €2,184 | +€2,115 | +3,050% |
| Remuneration and social security | 454/9 | €371 | €371 | = | 0.0% |
| Other amounts payable | 47/48 | €349,700 | €129 | -€349,571 | -100.0% |
| Non-recurring operating income | 76A | €75,260 | €347 | -€74,913 | -99.5% |
| Remuneration, social security and pensions | 62 | €1,793 | €2,695 | +€901 | +50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,945 | €19,822 | -€6,123 | -23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,552 | - | -€2,552 | |
| Other operating charges | 640/8 | €905 | €529 | -€376 | -41.6% |
| Non-recurring operating charges | 66A | €205,854 | - | -€205,854 | |
| Gross operating margin | 9900 | €114,214 | €82,841 | -€31,373 | -27.5% |
| Operating profit (loss) | 9901 | -€122,836 | €59,796 | +€182,632 | |
| Financial income | 75/76B | €1,090 | €6 | -€1,085 | -99.5% |
| Recurring financial income | 75 | €1,090 | €6 | -€1,085 | -99.5% |
| Financial charges | 65/66B | €144 | €143 | -€2 | -1.1% |
| Recurring financial charges | 65 | €144 | €143 | -€2 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€121,890 | €59,659 | +€181,548 | |
| Income taxes | 67/77 | €8,679 | €7,634 | -€1,045 | -12.0% |
| Profit (loss) for the period | 9904 | -€130,568 | €52,025 | +€182,593 | |
| Profit (loss) for the period to be appropriated | 9905 | -€130,568 | €52,025 | +€182,593 |
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 23 October 2026 via checked.be.