S-Tent: 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-Tent
Largest movements
- Receivables within one year +€24,642
up €24,642 (+17,316%), from €142 to €24,784
of which Trade receivables: +€24,259
- Cash -€10,065
down €10,065 (-62.0%), from €16,246 to €6,181
mainly Receivables within one year (-€24,642) and Investment in fixed assets (net) (-€5,000)
- Tangible fixed assets +€4,772
up €4,772 (+7,497%), from €64 to €4,836
of which Plant, machinery and equipment: +€4,772
- Reserves +€13,353
up €13,353 (+205%), from €6,504 to €19,857
- Tax, wage and social debts +€5,558
up €5,558, from €0 to €5,558
- Trade debts +€5,409
new in 2025: €5,409
- Other debts -€4,948
down €4,948 (-100%), from €4,948 to €0
- Gross operating margin +€14,139
up €14,139 (+268%), from €5,282 to €19,421
- Taxes +€2,665
new in 2025: €2,665
- Write-downs +€2,500
new in 2025: €2,500
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 | €16,452 | €35,823 | +€19,371 | +118% |
| Fixed assets | 21/28 | €64 | €4,836 | +€4,772 | +7,497% |
| Tangible fixed assets | 22/27 | €64 | €4,836 | +€4,772 | +7,497% |
| Plant, machinery and equipment | 23 | €64 | €4,836 | +€4,772 | +7,497% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €16,388 | €30,987 | +€14,599 | +89.1% |
| Amounts receivable within one year | 40/41 | €142 | €24,784 | +€24,642 | +17,316% |
| Trade receivables | 40 | - | €24,259 | +€24,259 | |
| Other amounts receivable | 41 | €142 | €525 | +€383 | +269% |
| Cash at bank and in hand | 54/58 | €16,246 | €6,181 | -€10,065 | -62.0% |
| Deferred charges and accrued income | 490/1 | €0 | €22 | +€22 | |
| Total equity and liabilities | 10/49 | €16,452 | €35,823 | +€19,371 | +118% |
| Equity | 10/15 | €11,504 | €24,857 | +€13,353 | +116% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,504 | €19,857 | +€13,353 | +205% |
| Distributable reserves | 133 | €6,504 | €19,857 | +€13,353 | +205% |
| Amounts payable | 17/49 | €4,948 | €10,966 | +€6,018 | +122% |
| Amounts payable within one year | 42/48 | €4,948 | €10,966 | +€6,018 | +122% |
| Trade debts | 44 | - | €5,409 | +€5,409 | |
| Suppliers | 440/4 | - | €5,409 | +€5,409 | |
| Taxes, remuneration and social security | 45 | €0 | €5,558 | +€5,558 | |
| Taxes | 450/3 | €0 | €5,558 | +€5,558 | |
| Other amounts payable | 47/48 | €4,948 | €0 | -€4,948 | -100% |
| Non-recurring operating income | 76A | €9,634 | €0 | -€9,634 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255 | €228 | -€27 | -10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,500 | +€2,500 | |
| Other operating charges | 640/8 | €688 | €544 | -€144 | -20.9% |
| Gross operating margin | 9900 | €5,282 | €19,421 | +€14,139 | +268% |
| Operating profit (loss) | 9901 | €4,340 | €16,149 | +€11,810 | +272% |
| Financial charges | 65/66B | €117 | €131 | +€14 | +12.0% |
| Recurring financial charges | 65 | €117 | €131 | +€14 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €4,222 | €16,018 | +€11,796 | +279% |
| Income taxes | 67/77 | - | €2,665 | +€2,665 | |
| Profit (loss) for the period | 9904 | €4,222 | €13,353 | +€9,130 | +216% |
| Profit (loss) for the period to be appropriated | 9905 | €4,222 | €13,353 | +€9,130 | +216% |
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 21 October 2026 via checked.be.