SB CST: 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.
SB CST
Largest movements
- Tangible fixed assets +€38,468
up €38,468 (+662.0%), from €5,811 to €44,279
- Cash -€10,646
down €10,646 (-38.7%), from €27,528 to €16,882
mainly Investment in fixed assets (net) (-€42,743) and Trade debts (-€8,747)
- Deferred charges and accrued income +€1,098
new in 2025: €1,098
- Debts after one year +€20,899
new in 2025: €20,899
- Profit (loss) carried forward +€9,199
up €9,199 (+25.1%), from €36,592 to €45,791
- Trade debts -€8,747
down €8,747 (-95.3%), from €9,176 to €428
- Current portion of long-term debt +€6,443
new in 2025: €6,443
- Gross operating margin -€20,285
down €20,285 (-46.0%), from €44,134 to €23,849
- Taxes -€4,925
down €4,925 (-53.2%), from €9,262 to €4,338
- Depreciation +€2,835
up €2,835 (+197.0%), from €1,439 to €4,275
- Financial income -€492
down €492 (-76.5%), from €643 to €151
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 | €64,519 | €92,649 | +€28,129 | +43.6% |
| Fixed assets | 21/28 | €5,811 | €44,279 | +€38,468 | +662.0% |
| Tangible fixed assets | 22/27 | €5,811 | €44,279 | +€38,468 | +662.0% |
| Furniture and vehicles | 24 | €5,811 | €44,279 | +€38,468 | +662.0% |
| Current assets | 29/58 | €58,709 | €48,369 | -€10,339 | -17.6% |
| Amounts receivable within one year | 40/41 | €31,181 | €30,390 | -€791 | -2.5% |
| Trade receivables | 40 | €23,293 | €24,355 | +€1,063 | +4.6% |
| Other amounts receivable | 41 | €7,889 | €6,034 | -€1,854 | -23.5% |
| Cash at bank and in hand | 54/58 | €27,528 | €16,882 | -€10,646 | -38.7% |
| Deferred charges and accrued income | 490/1 | - | €1,098 | +€1,098 | |
| Total equity and liabilities | 10/49 | €64,519 | €92,649 | +€28,129 | +43.6% |
| Equity | 10/15 | €38,092 | €47,291 | +€9,199 | +24.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,592 | €45,791 | +€9,199 | +25.1% |
| Amounts payable | 17/49 | €26,427 | €45,358 | +€18,930 | +71.6% |
| Amounts payable after more than one year | 17 | - | €20,899 | +€20,899 | |
| Financial debts | 170/4 | - | €20,899 | +€20,899 | |
| Amounts payable within one year | 42/48 | €26,427 | €24,458 | -€1,969 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | - | €6,443 | +€6,443 | |
| Trade debts | 44 | €9,176 | €428 | -€8,747 | -95.3% |
| Suppliers | 440/4 | €9,176 | €428 | -€8,747 | -95.3% |
| Taxes, remuneration and social security | 45 | €17,252 | €17,587 | +€335 | +1.9% |
| Taxes | 450/3 | €17,152 | €17,587 | +€435 | +2.5% |
| Remuneration and social security | 454/9 | €100 | - | -€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,439 | €4,275 | +€2,835 | +197.0% |
| Other operating charges | 640/8 | €182 | €522 | +€340 | +187.1% |
| Non-recurring operating charges | 66A | - | €5,461 | +€5,461 | |
| Gross operating margin | 9900 | €44,134 | €23,849 | -€20,285 | -46.0% |
| Operating profit (loss) | 9901 | €42,513 | €13,592 | -€28,921 | -68.0% |
| Financial income | 75/76B | €643 | €151 | -€492 | -76.5% |
| Recurring financial income | 75 | €643 | €151 | -€492 | -76.5% |
| Financial charges | 65/66B | €207 | €207 | -€1 | -0.3% |
| Recurring financial charges | 65 | €207 | €207 | -€1 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €42,949 | €13,537 | -€29,412 | -68.5% |
| Income taxes | 67/77 | €9,262 | €4,338 | -€4,925 | -53.2% |
| Profit (loss) for the period | 9904 | €33,687 | €9,199 | -€24,487 | -72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,687 | €9,199 | -€24,487 | -72.7% |
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 2 October 2026 via checked.be.