ST-BAU: 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.
ST-BAU
Largest movements
- Receivables within one year +€36,751
up €36,751 (+531.7%), from €6,912 to €43,663
of which Trade receivables: +€36,751
- Cash +€21,785
up €21,785 (+9382.9%), from €232 to €22,017
mainly Trade debts (+€34,382) and Tax, wage and social debts (+€19,928)
- Trade debts +€34,382
up €34,382 (+696.8%), from €4,934 to €39,316
- Tax, wage and social debts +€19,928
up €19,928 (+4433.0%), from €450 to €20,378
- Other debts +€3,280
up €3,280 (+1896.0%), from €173 to €3,453
- Accrued charges and deferred income +€1,723
up €1,723 (+931.8%), from €185 to €1,908
- Gross operating margin +€21,519
up €21,519, from -€2,140 to €19,379
- Depreciation -€986
down €986 (-12.0%), from €8,202 to €7,217
- Financial income +€427
up €427 (+42724.0%), from €1 to €428
of which Non-recurring financial income: +€300
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 | €35,392 | €94,347 | +€58,955 | +166.6% |
| Fixed assets | 21/28 | €26,622 | €26,405 | -€217 | -0.8% |
| Tangible fixed assets | 22/27 | €26,622 | €26,405 | -€217 | -0.8% |
| Plant, machinery and equipment | 23 | €617 | €146 | -€471 | -76.3% |
| Furniture and vehicles | 24 | €26,005 | €26,259 | +€254 | +1.0% |
| Current assets | 29/58 | €8,770 | €67,942 | +€59,172 | +674.7% |
| Amounts receivable within one year | 40/41 | €6,912 | €43,663 | +€36,751 | +531.7% |
| Trade receivables | 40 | €6,912 | €43,663 | +€36,751 | +531.7% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €232 | €22,017 | +€21,785 | +9382.9% |
| Deferred charges and accrued income | 490/1 | €1,626 | €2,262 | +€636 | +39.1% |
| Total equity and liabilities | 10/49 | €35,392 | €94,347 | +€58,955 | +166.6% |
| Equity | 10/15 | €29,650 | €29,292 | -€358 | -1.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,650 | €26,292 | -€358 | -1.3% |
| Amounts payable | 17/49 | €5,742 | €65,055 | +€59,313 | +1033.0% |
| Amounts payable within one year | 42/48 | €5,557 | €63,147 | +€57,590 | +1036.4% |
| Trade debts | 44 | €4,934 | €39,316 | +€34,382 | +696.8% |
| Suppliers | 440/4 | €4,934 | €39,316 | +€34,382 | +696.8% |
| Taxes, remuneration and social security | 45 | €450 | €20,378 | +€19,928 | +4433.0% |
| Taxes | 450/3 | €450 | €20,378 | +€19,928 | +4433.0% |
| Other amounts payable | 47/48 | €173 | €3,453 | +€3,280 | +1896.0% |
| Accrued charges and deferred income | 492/3 | €185 | €1,908 | +€1,723 | +931.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,202 | €7,217 | -€986 | -12.0% |
| Other operating charges | 640/8 | €1,059 | €958 | -€101 | -9.5% |
| Gross operating margin | 9900 | -€2,140 | €19,379 | +€21,519 | |
| Operating profit (loss) | 9901 | -€11,401 | €11,205 | +€22,606 | |
| Financial income | 75/76B | €1 | €428 | +€427 | +42724.0% |
| Recurring financial income | 75 | €1 | €128 | +€127 | +12724.0% |
| Non-recurring financial income | 76B | - | €300 | +€300 | |
| Financial charges | 65/66B | €138 | €226 | +€88 | +63.7% |
| Recurring financial charges | 65 | €138 | €226 | +€88 | +63.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,538 | €11,407 | +€22,945 | |
| Profit (loss) for the period | 9904 | -€11,538 | €11,407 | +€22,945 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,538 | €11,407 | +€22,945 |
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 11 October 2026 via checked.be.