ST CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year -€47,718
down €47,718 (-36.3%), from €131,619 to €83,901
of which Trade receivables: -€43,968
- Cash +€38,064
up €38,064 (+943%), from €4,035 to €42,099
mainly Receivables within one year (+€47,718) and Net result for the year (+€6,186)
- Trade debts -€15,113
down €15,113 (-38.3%), from €39,508 to €24,395
- Profit (loss) carried forward +€6,186
up €6,186 (+12.7%), from €48,628 to €54,814
- Depreciation -€1,581
no longer reported in 2025 (was €1,581)
- Financial charges -€1,329
down €1,329 (-96.3%), from €1,380 to €52
- Gross operating margin -€897
down €897 (-9.2%), from €9,701 to €8,805
- Other operating charges +€507
up €507 (+87.7%), from €577 to €1,084
- Taxes +€345
up €345 (+27.8%), from €1,239 to €1,585
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 | €136,616 | €126,200 | -€10,416 | -7.6% |
| Fixed assets | 21/28 | €961 | - | -€961 | |
| Tangible fixed assets | 22/27 | €961 | - | -€961 | |
| Furniture and vehicles | 24 | €961 | - | -€961 | |
| Current assets | 29/58 | €135,655 | €126,200 | -€9,455 | -7.0% |
| Amounts receivable within one year | 40/41 | €131,619 | €83,901 | -€47,718 | -36.3% |
| Trade receivables | 40 | €122,527 | €78,559 | -€43,968 | -35.9% |
| Other amounts receivable | 41 | €9,092 | €5,341 | -€3,751 | -41.3% |
| Cash at bank and in hand | 54/58 | €4,035 | €42,099 | +€38,064 | +943% |
| Deferred charges and accrued income | 490/1 | - | €200 | +€200 | |
| Total equity and liabilities | 10/49 | €136,616 | €126,200 | -€10,416 | -7.6% |
| Equity | 10/15 | €69,088 | €75,274 | +€6,186 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,628 | €54,814 | +€6,186 | +12.7% |
| Amounts payable | 17/49 | €67,528 | €50,926 | -€16,602 | -24.6% |
| Amounts payable within one year | 42/48 | €67,528 | €50,926 | -€16,602 | -24.6% |
| Trade debts | 44 | €39,508 | €24,395 | -€15,113 | -38.3% |
| Suppliers | 440/4 | €39,508 | €24,395 | -€15,113 | -38.3% |
| Taxes, remuneration and social security | 45 | €2,048 | €1,050 | -€998 | -48.7% |
| Taxes | 450/3 | €2,048 | €1,050 | -€998 | -48.7% |
| Other amounts payable | 47/48 | €25,972 | €25,481 | -€492 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,581 | - | -€1,581 | |
| Other operating charges | 640/8 | €577 | €1,084 | +€507 | +87.7% |
| Gross operating margin | 9900 | €9,701 | €8,805 | -€897 | -9.2% |
| Operating profit (loss) | 9901 | €7,543 | €7,721 | +€177 | +2.4% |
| Financial income | 75/76B | €34 | €102 | +€68 | +200% |
| Recurring financial income | 75 | €34 | €102 | +€68 | +200% |
| Financial charges | 65/66B | €1,380 | €52 | -€1,329 | -96.3% |
| Recurring financial charges | 65 | €1,380 | €52 | -€1,329 | -96.3% |
| Profit (loss) for the period before taxes | 9903 | €6,197 | €7,771 | +€1,574 | +25.4% |
| Income taxes | 67/77 | €1,239 | €1,585 | +€345 | +27.8% |
| Profit (loss) for the period | 9904 | €4,958 | €6,186 | +€1,229 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,958 | €6,186 | +€1,229 | +24.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.