ST CONSTRUCTS: 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 CONSTRUCTS
Largest movements
- Tangible fixed assets +€53,196
up €53,196 (+214.4%), from €24,817 to €78,013
- Receivables within one year +€40,640
up €40,640 (+1811.4%), from €2,244 to €42,884
of which Trade receivables: +€36,870
- Cash +€34,403
up €34,403 (+653.5%), from €5,264 to €39,667
mainly Net result for the year (+€78,892) and Accrued charges and deferred income (+€23,237)
- Profit (loss) carried forward +€78,892
up €78,892 (+14216.6%), from €555 to €79,447
- Accrued charges and deferred income +€23,237
new in 2025: €23,237
- Tax, wage and social debts +€20,939
up €20,939 (+3938.8%), from €532 to €21,471
of which Taxes: +€20,334
- Other debts +€7,347
up €7,347 (+33.8%), from €21,751 to €29,098
- Turnover +€283,186
up €283,186 (+276.2%), from €102,524 to €385,710
- Purchases and services +€172,558
up €172,558 (+179.1%), from €96,323 to €268,881
- Gross operating margin +€118,055
up €118,055 (+1308.6%), from €9,022 to €127,077
- Taxes +€19,843
up €19,843 (+4535.0%), from €438 to €20,280
- Depreciation +€11,497
up €11,497 (+177.0%), from €6,494 to €17,991
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 | €33,644 | €162,997 | +€129,353 | +384.5% |
| Formation expenses | 20 | €881 | €663 | -€218 | -24.7% |
| Fixed assets | 21/28 | €24,817 | €78,013 | +€53,196 | +214.4% |
| Tangible fixed assets | 22/27 | €24,817 | €78,013 | +€53,196 | +214.4% |
| Furniture and vehicles | 24 | €24,817 | €78,013 | +€53,196 | +214.4% |
| Current assets | 29/58 | €7,946 | €84,320 | +€76,375 | +961.2% |
| Amounts receivable within one year | 40/41 | €2,244 | €42,884 | +€40,640 | +1811.4% |
| Trade receivables | 40 | €1,479 | €38,349 | +€36,870 | +2492.8% |
| Other amounts receivable | 41 | €765 | €4,535 | +€3,770 | +493.1% |
| Cash at bank and in hand | 54/58 | €5,264 | €39,667 | +€34,403 | +653.5% |
| Deferred charges and accrued income | 490/1 | €438 | €1,770 | +€1,332 | +304.2% |
| Total equity and liabilities | 10/49 | €33,644 | €162,997 | +€129,353 | +384.5% |
| Equity | 10/15 | €7,555 | €86,447 | +€78,892 | +1044.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €555 | €79,447 | +€78,892 | +14216.6% |
| Amounts payable | 17/49 | €26,089 | €76,550 | +€50,461 | +193.4% |
| Amounts payable within one year | 42/48 | €26,089 | €53,313 | +€27,224 | +104.4% |
| Trade debts | 44 | €3,806 | €2,744 | -€1,062 | -27.9% |
| Suppliers | 440/4 | €3,806 | €2,744 | -€1,062 | -27.9% |
| Taxes, remuneration and social security | 45 | €532 | €21,471 | +€20,939 | +3938.8% |
| Taxes | 450/3 | €456 | €20,790 | +€20,334 | +4463.6% |
| Remuneration and social security | 454/9 | €76 | €681 | +€605 | +795.1% |
| Other amounts payable | 47/48 | €21,751 | €29,098 | +€7,347 | +33.8% |
| Accrued charges and deferred income | 492/3 | - | €23,237 | +€23,237 | |
| Turnover | 70 | €102,524 | €385,710 | +€283,186 | +276.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €96,323 | €268,881 | +€172,558 | +179.1% |
| Remuneration, social security and pensions | 62 | €1,065 | €5,774 | +€4,709 | +442.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,494 | €17,991 | +€11,497 | +177.0% |
| Other operating charges | 640/8 | €114 | €4,044 | +€3,930 | +3459.4% |
| Gross operating margin | 9900 | €9,022 | €127,077 | +€118,055 | +1308.6% |
| Operating profit (loss) | 9901 | €1,349 | €99,268 | +€97,919 | +7258.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | +264.5% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +264.5% |
| Financial charges | 65/66B | €357 | €97 | -€260 | -72.8% |
| Recurring financial charges | 65 | €357 | €97 | -€260 | -72.8% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €992 | €99,172 | +€98,180 | +9892.5% |
| Income taxes | 67/77 | €438 | €20,280 | +€19,843 | +4535.0% |
| Profit (loss) for the period | 9904 | €555 | €78,892 | +€78,337 | +14116.6% |
| Profit (loss) for the period to be appropriated | 9905 | €555 | €78,892 | +€78,337 | +14116.6% |
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 6 October 2026 via checked.be.