ST CONCEPT: 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 CONCEPT
Largest movements
- Cash -€41,148
down €41,148 (-65.8%), from €62,550 to €21,402
mainly Receivables within one year (-€26,727) and Trade debts (-€18,660)
- Receivables within one year +€26,727
up €26,727 (+29.9%), from €89,486 to €116,213
of which Other amounts receivable: +€22,318
- Tangible fixed assets -€17,312
down €17,312 (-44.0%), from €39,336 to €22,023
of which Furniture and vehicles: -€10,378
- Deferred charges and accrued income -€3,009
down €3,009 (-86.8%), from €3,466 to €458
- Trade debts -€18,660
down €18,660 (-80.7%), from €23,114 to €4,454
- Tax, wage and social debts -€11,784
down €11,784 (-37.6%), from €31,337 to €19,554
- Profit (loss) carried forward -€9,824
down €9,824 (-18.5%), from €53,189 to €43,365
- Reserves +€8,200
up €8,200 (+10.7%), from €76,600 to €84,800
- Current portion of long-term debt -€3,471
no longer reported in 2025 (was €3,471)
- Gross operating margin -€56,964
down €56,964 (-68.4%), from €83,254 to €26,290
- Taxes -€10,297
down €10,297 (-73.9%), from €13,943 to €3,646
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 | €194,838 | €160,096 | -€34,742 | -17.8% |
| Fixed assets | 21/28 | €39,336 | €22,023 | -€17,312 | -44.0% |
| Tangible fixed assets | 22/27 | €39,336 | €22,023 | -€17,312 | -44.0% |
| Plant, machinery and equipment | 23 | €17,624 | €10,689 | -€6,934 | -39.3% |
| Furniture and vehicles | 24 | €21,712 | €11,334 | -€10,378 | -47.8% |
| Current assets | 29/58 | €155,503 | €138,073 | -€17,430 | -11.2% |
| Amounts receivable within one year | 40/41 | €89,486 | €116,213 | +€26,727 | +29.9% |
| Trade receivables | 40 | €13,791 | €18,199 | +€4,408 | +32.0% |
| Other amounts receivable | 41 | €75,696 | €98,014 | +€22,318 | +29.5% |
| Cash at bank and in hand | 54/58 | €62,550 | €21,402 | -€41,148 | -65.8% |
| Deferred charges and accrued income | 490/1 | €3,466 | €458 | -€3,009 | -86.8% |
| Total equity and liabilities | 10/49 | €194,838 | €160,096 | -€34,742 | -17.8% |
| Equity | 10/15 | €131,789 | €130,165 | -€1,624 | -1.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €76,600 | €84,800 | +€8,200 | +10.7% |
| Distributable reserves | 133 | €76,600 | €84,800 | +€8,200 | +10.7% |
| Profit (loss) carried forward | 14 | €53,189 | €43,365 | -€9,824 | -18.5% |
| Amounts payable | 17/49 | €63,049 | €29,932 | -€33,118 | -52.5% |
| Amounts payable within one year | 42/48 | €63,049 | €29,932 | -€33,118 | -52.5% |
| Current portion of amounts payable after more than one year | 42 | €3,471 | - | -€3,471 | |
| Trade debts | 44 | €23,114 | €4,454 | -€18,660 | -80.7% |
| Suppliers | 440/4 | €23,114 | €4,454 | -€18,660 | -80.7% |
| Taxes, remuneration and social security | 45 | €31,337 | €19,554 | -€11,784 | -37.6% |
| Taxes | 450/3 | €31,337 | €19,554 | -€11,784 | -37.6% |
| Other amounts payable | 47/48 | €5,127 | €5,924 | +€797 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,312 | €17,312 | = | 0.0% |
| Other operating charges | 640/8 | €443 | €673 | +€230 | +51.8% |
| Gross operating margin | 9900 | €83,254 | €26,290 | -€56,964 | -68.4% |
| Operating profit (loss) | 9901 | €65,499 | €8,305 | -€57,194 | -87.3% |
| Financial income | 75/76B | €3,039 | €3,659 | +€620 | +20.4% |
| Recurring financial income | 75 | €3,039 | €3,659 | +€620 | +20.4% |
| Financial charges | 65/66B | €787 | €67 | -€720 | -91.5% |
| Recurring financial charges | 65 | €787 | €67 | -€720 | -91.5% |
| Profit (loss) for the period before taxes | 9903 | €67,751 | €11,897 | -€55,854 | -82.4% |
| Income taxes | 67/77 | €13,943 | €3,646 | -€10,297 | -73.9% |
| Profit (loss) for the period | 9904 | €53,808 | €8,251 | -€45,556 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,808 | €8,251 | -€45,556 | -84.7% |
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 14 October 2026 via checked.be.