S-TEAM: what changed
Two fiscal 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-TEAM
Largest movements
- Receivables within one year -€5,889
down €5,889 (-42.4%), from €13,889 to €8,000
of which Other amounts receivable: -€3,889
- Cash +€654
up €654 (+254.2%), from €257 to €911
mainly Receivables within one year (+€5,889) and Tax, wage and social debts (+€423)
- Trade debts -€4,033
down €4,033 (-80.1%), from €5,033 to €1,000
- Other debts -€1,966
down €1,966 (-13.6%), from €14,444 to €12,478
- Tax, wage and social debts +€423
up €423 (+346.6%), from €122 to €545
- Profit (loss) carried forward +€341
up €341 (+114.7%), from €298 to €639
- Gross operating margin +€245
up €245 (+29.8%), from €821 to €1,066
- Taxes +€57
up €57 (+59.8%), from €95 to €152
- Other operating charges +€37
up €37 (+9.5%), from €387 to €424
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 | €20,396 | €15,161 | -€5,235 | -25.7% |
| Fixed assets | 21/28 | €2,500 | €2,500 | = | 0.0% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €17,896 | €12,661 | -€5,235 | -29.3% |
| Amounts receivable within one year | 40/41 | €13,889 | €8,000 | -€5,889 | -42.4% |
| Trade receivables | 40 | €10,000 | €8,000 | -€2,000 | -20.0% |
| Other amounts receivable | 41 | €3,889 | - | -€3,889 | |
| Cash at bank and in hand | 54/58 | €257 | €911 | +€654 | +254.2% |
| Deferred charges and accrued income | 490/1 | €3,750 | €3,750 | = | 0.0% |
| Total equity and liabilities | 10/49 | €20,396 | €15,161 | -€5,235 | -25.7% |
| Equity | 10/15 | €798 | €1,139 | +€341 | +42.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €298 | €639 | +€341 | +114.7% |
| Amounts payable | 17/49 | €19,599 | €14,023 | -€5,576 | -28.5% |
| Amounts payable within one year | 42/48 | €19,599 | €14,023 | -€5,576 | -28.5% |
| Trade debts | 44 | €5,033 | €1,000 | -€4,033 | -80.1% |
| Suppliers | 440/4 | €5,033 | €1,000 | -€4,033 | -80.1% |
| Taxes, remuneration and social security | 45 | €122 | €545 | +€423 | +346.6% |
| Taxes | 450/3 | €122 | €545 | +€423 | +346.6% |
| Other amounts payable | 47/48 | €14,444 | €12,478 | -€1,966 | -13.6% |
| Other operating charges | 640/8 | €387 | €424 | +€37 | +9.5% |
| Gross operating margin | 9900 | €821 | €1,066 | +€245 | +29.8% |
| Operating profit (loss) | 9901 | €434 | €641 | +€208 | +47.9% |
| Financial charges | 65/66B | €148 | €148 | = | 0.0% |
| Recurring financial charges | 65 | €148 | €148 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €285 | €493 | +€208 | +72.8% |
| Income taxes | 67/77 | €95 | €152 | +€57 | +59.8% |
| Profit (loss) for the period | 9904 | €190 | €341 | +€151 | +79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €190 | €341 | +€151 | +79.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.