ST Building: 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.
ST Building
Largest movements
- Tangible fixed assets +€15,282
up €15,282 (+191.0%), from €8,001 to €23,283
of which Assets under construction and advance payments: +€23,283
- Financial fixed assets -€1,431
no longer reported in 2025 (was €1,431)
- Receivables within one year -€1,244
down €1,244 (-40.7%), from €3,058 to €1,814
- Profit (loss) carried forward +€8,680
up €8,680 (+34.4%), from -€25,232 to -€16,552
- Other debts +€3,648
up €3,648 (+111.2%), from €3,281 to €6,929
- Gross operating margin +€17,148
up €17,148, from -€6,013 to €11,135
- Depreciation -€971
no longer reported in 2025 (was €971)
- Other operating charges -€390
down €390 (-57.3%), from €681 to €291
- Financial charges +€243
up €243 (+540.0%), from €45 to €288
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 | €23,785 | €36,113 | +€12,328 | +51.8% |
| Fixed assets | 21/28 | €9,432 | €23,283 | +€13,851 | +146.9% |
| Tangible fixed assets | 22/27 | €8,001 | €23,283 | +€15,282 | +191.0% |
| Land and buildings | 22 | €6,125 | - | -€6,125 | |
| Plant, machinery and equipment | 23 | €1,876 | - | -€1,876 | |
| Assets under construction and advance payments | 27 | - | €23,283 | +€23,283 | |
| Financial fixed assets | 28 | €1,431 | - | -€1,431 | |
| Current assets | 29/58 | €14,353 | €12,830 | -€1,523 | -10.6% |
| Amounts receivable within one year | 40/41 | €3,058 | €1,814 | -€1,244 | -40.7% |
| Other amounts receivable | 41 | €3,058 | €1,814 | -€1,244 | -40.7% |
| Cash at bank and in hand | 54/58 | €295 | €16 | -€279 | -94.6% |
| Deferred charges and accrued income | 490/1 | €11,000 | €11,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €23,785 | €36,113 | +€12,328 | +51.8% |
| Equity | 10/15 | €20,504 | €29,184 | +€8,680 | +42.3% |
| Contributions | 10/11 | €45,736 | €45,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,232 | -€16,552 | +€8,680 | +34.4% |
| Amounts payable | 17/49 | €3,281 | €6,929 | +€3,648 | +111.2% |
| Amounts payable within one year | 42/48 | €3,281 | €6,929 | +€3,648 | +111.2% |
| Other amounts payable | 47/48 | €3,281 | €6,929 | +€3,648 | +111.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €971 | - | -€971 | |
| Other operating charges | 640/8 | €681 | €291 | -€390 | -57.3% |
| Non-recurring operating charges | 66A | - | €1,876 | +€1,876 | |
| Gross operating margin | 9900 | -€6,013 | €11,135 | +€17,148 | |
| Operating profit (loss) | 9901 | -€7,665 | €8,968 | +€16,633 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €45 | €288 | +€243 | +540.0% |
| Recurring financial charges | 65 | €45 | €288 | +€243 | +540.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,709 | €8,680 | +€16,389 | |
| Profit (loss) for the period | 9904 | -€7,709 | €8,680 | +€16,389 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,709 | €8,680 | +€16,389 |
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 30 September 2026 via checked.be.