ST. BOLT: 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. BOLT
Largest movements
- Cash +€20,400
up €20,400 (+136%), from €15,054 to €35,455
mainly Depreciation (+€21,825) and Net result for the year (+€10,186)
- Tangible fixed assets -€15,720
down €15,720 (-20.4%), from €77,183 to €61,463
of which Furniture and vehicles: -€13,062
- Profit (loss) carried forward +€10,186
up €10,186 (+9.8%), from €104,098 to €114,284
- Tax, wage and social debts -€9,680
down €9,680 (-61.4%), from €15,754 to €6,074
of which Taxes: -€9,694
- Trade debts +€4,608
up €4,608 (+46.7%), from €9,878 to €14,486
- Gross operating margin -€43,818
down €43,818 (-47.9%), from €91,562 to €47,744
- Depreciation +€10,606
up €10,606 (+94.5%), from €11,219 to €21,825
- Taxes -€4,279
down €4,279 (-26.9%), from €15,900 to €11,621
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 | €138,790 | €143,904 | +€5,114 | +3.7% |
| Fixed assets | 21/28 | €79,043 | €63,323 | -€15,720 | -19.9% |
| Tangible fixed assets | 22/27 | €77,183 | €61,463 | -€15,720 | -20.4% |
| Plant, machinery and equipment | 23 | €21,429 | €18,771 | -€2,658 | -12.4% |
| Furniture and vehicles | 24 | €55,754 | €42,692 | -€13,062 | -23.4% |
| Financial fixed assets | 28 | €1,860 | €1,860 | = | 0.0% |
| Current assets | 29/58 | €59,747 | €80,581 | +€20,835 | +34.9% |
| Amounts receivable within one year | 40/41 | €44,692 | €45,126 | +€434 | +1.0% |
| Trade receivables | 40 | €17,026 | €16,365 | -€661 | -3.9% |
| Other amounts receivable | 41 | €27,666 | €28,761 | +€1,095 | +4.0% |
| Cash at bank and in hand | 54/58 | €15,054 | €35,455 | +€20,400 | +136% |
| Total equity and liabilities | 10/49 | €138,790 | €143,904 | +€5,114 | +3.7% |
| Equity | 10/15 | €105,958 | €116,144 | +€10,186 | +9.6% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,098 | €114,284 | +€10,186 | +9.8% |
| Amounts payable | 17/49 | €32,832 | €27,760 | -€5,072 | -15.4% |
| Amounts payable within one year | 42/48 | €32,832 | €27,760 | -€5,072 | -15.4% |
| Trade debts | 44 | €9,878 | €14,486 | +€4,608 | +46.7% |
| Suppliers | 440/4 | €9,878 | €14,486 | +€4,608 | +46.7% |
| Taxes, remuneration and social security | 45 | €15,754 | €6,074 | -€9,680 | -61.4% |
| Taxes | 450/3 | €13,937 | €4,242 | -€9,694 | -69.6% |
| Remuneration and social security | 454/9 | €1,818 | €1,832 | +€14 | +0.8% |
| Other amounts payable | 47/48 | €7,200 | €7,200 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €746 | €1,218 | +€473 | +63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,219 | €21,825 | +€10,606 | +94.5% |
| Other operating charges | 640/8 | €2,028 | €2,643 | +€614 | +30.3% |
| Gross operating margin | 9900 | €91,562 | €47,744 | -€43,818 | -47.9% |
| Operating profit (loss) | 9901 | €77,569 | €22,058 | -€55,511 | -71.6% |
| Financial income | 75/76B | €1 | €1 | -€0 | -8.5% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -8.5% |
| Financial charges | 65/66B | €688 | €252 | -€435 | -63.3% |
| Recurring financial charges | 65 | €688 | €252 | -€435 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | €76,883 | €21,807 | -€55,076 | -71.6% |
| Income taxes | 67/77 | €15,900 | €11,621 | -€4,279 | -26.9% |
| Profit (loss) for the period | 9904 | €60,983 | €10,186 | -€50,796 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,983 | €10,186 | -€50,796 | -83.3% |
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 15 October 2026 via checked.be.