S-Tronics: 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-Tronics
Largest movements
- Cash +€42,601
up €42,601 (+172.8%), from €24,647 to €67,248
mainly Other debts (+€90,389) and Net result for the year (+€36,357)
- Deferred charges and accrued income -€4,637
down €4,637 (-17.4%), from €26,687 to €22,050
- Receivables within one year -€3,430
down €3,430 (-11.2%), from €30,561 to €27,131
of which Trade receivables: -€2,629
- Other debts +€90,389
up €90,389 (+5035.0%), from €1,795 to €92,184
- Reserves -€72,095
no longer reported in 2025 (was €72,095)
- Tax, wage and social debts +€18,784
up €18,784 (+436.7%), from €4,301 to €23,085
- Trade debts -€1,546
down €1,546 (-67.2%), from €2,301 to €756
- Gross operating margin +€17,608
up €17,608 (+52.1%), from €33,803 to €51,411
- Taxes +€4,822
up €4,822 (+56.3%), from €8,572 to €13,394
- Depreciation -€1,934
down €1,934 (-65.1%), from €2,972 to €1,038
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 | €83,492 | €119,025 | +€35,532 | +42.6% |
| Fixed assets | 21/28 | €1,597 | €2,596 | +€999 | +62.5% |
| Tangible fixed assets | 22/27 | €1,597 | €2,596 | +€999 | +62.5% |
| Land and buildings | 22 | €316 | €156 | -€160 | -50.6% |
| Furniture and vehicles | 24 | €1,281 | €2,440 | +€1,159 | +90.5% |
| Current assets | 29/58 | €81,895 | €116,428 | +€34,534 | +42.2% |
| Amounts receivable within one year | 40/41 | €30,561 | €27,131 | -€3,430 | -11.2% |
| Trade receivables | 40 | €21,845 | €19,216 | -€2,629 | -12.0% |
| Other amounts receivable | 41 | €8,716 | €7,915 | -€801 | -9.2% |
| Cash at bank and in hand | 54/58 | €24,647 | €67,248 | +€42,601 | +172.8% |
| Deferred charges and accrued income | 490/1 | €26,687 | €22,050 | -€4,637 | -17.4% |
| Total equity and liabilities | 10/49 | €83,492 | €119,025 | +€35,532 | +42.6% |
| Equity | 10/15 | €75,095 | €3,000 | -€72,095 | -96.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €72,095 | - | -€72,095 | |
| Distributable reserves | 133 | €72,095 | - | -€72,095 | |
| Amounts payable | 17/49 | €8,398 | €116,025 | +€107,627 | +1281.6% |
| Amounts payable within one year | 42/48 | €8,398 | €116,025 | +€107,627 | +1281.6% |
| Trade debts | 44 | €2,301 | €756 | -€1,546 | -67.2% |
| Suppliers | 440/4 | €2,301 | €756 | -€1,546 | -67.2% |
| Taxes, remuneration and social security | 45 | €4,301 | €23,085 | +€18,784 | +436.7% |
| Taxes | 450/3 | €4,301 | €23,085 | +€18,784 | +436.7% |
| Other amounts payable | 47/48 | €1,795 | €92,184 | +€90,389 | +5035.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,972 | €1,038 | -€1,934 | -65.1% |
| Other operating charges | 640/8 | €513 | €673 | +€159 | +31.0% |
| Gross operating margin | 9900 | €33,803 | €51,411 | +€17,608 | +52.1% |
| Operating profit (loss) | 9901 | €30,318 | €49,701 | +€19,383 | +63.9% |
| Financial income | 75/76B | €8 | €166 | +€158 | +1950.1% |
| Recurring financial income | 75 | €8 | €166 | +€158 | +1950.1% |
| Financial charges | 65/66B | €89 | €116 | +€26 | +29.7% |
| Recurring financial charges | 65 | €89 | €116 | +€26 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €30,237 | €49,751 | +€19,514 | +64.5% |
| Income taxes | 67/77 | €8,572 | €13,394 | +€4,822 | +56.3% |
| Profit (loss) for the period | 9904 | €21,665 | €36,357 | +€14,692 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,665 | €36,357 | +€14,692 | +67.8% |
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 10 October 2026 via checked.be.