ST CONSULT: 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 CONSULT
Largest movements
- Cash +€21,948
up €21,948 (+13.6%), from €161,082 to €183,029
mainly Net result for the year (+€19,521) and Trade debts (+€5,102)
- Profit (loss) carried forward +€19,521
up €19,521 (+8.6%), from €227,485 to €247,006
- Trade debts +€5,102
up €5,102 (+493.0%), from €1,035 to €6,137
- Gross operating margin +€18,661
up €18,661 (+242.1%), from €7,709 to €26,369
- Financial income -€4,382
down €4,382 (-52.3%), from €8,382 to €4,000
- Taxes +€3,321
up €3,321 (+81.8%), from €4,059 to €7,380
- Other operating charges -€898
no longer reported in 2025 (was €898)
- Depreciation +€765
up €765 (+28.4%), from €2,698 to €3,463
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 | €444,213 | €470,744 | +€26,531 | +6.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €144,641 | €146,548 | +€1,907 | +1.3% |
| Tangible fixed assets | 22/27 | €9,340 | €11,246 | +€1,907 | +20.4% |
| Land and buildings | 22 | €5,266 | €4,385 | -€881 | -16.7% |
| Plant, machinery and equipment | 23 | €2,140 | €4,807 | +€2,666 | +124.6% |
| Furniture and vehicles | 24 | €1,934 | €2,055 | +€121 | +6.3% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €135,301 | €135,301 | = | 0.0% |
| Current assets | 29/58 | €299,572 | €324,196 | +€24,624 | +8.2% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,490 | €29,167 | +€3,677 | +14.4% |
| Trade receivables | 40 | €13,510 | €14,116 | +€606 | +4.5% |
| Other amounts receivable | 41 | €11,980 | €15,051 | +€3,071 | +25.6% |
| Cash at bank and in hand | 54/58 | €161,082 | €183,029 | +€21,948 | +13.6% |
| Deferred charges and accrued income | 490/1 | €13,000 | €12,000 | -€1,000 | -7.7% |
| Total equity and liabilities | 10/49 | €444,213 | €470,744 | +€26,531 | +6.0% |
| Equity | 10/15 | €433,428 | €452,949 | +€19,521 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €199,743 | €199,743 | = | 0.0% |
| Distributable reserves | 133 | €199,743 | €199,743 | = | 0.0% |
| Profit (loss) carried forward | 14 | €227,485 | €247,006 | +€19,521 | +8.6% |
| Amounts payable | 17/49 | €10,785 | €17,795 | +€7,010 | +65.0% |
| Amounts payable within one year | 42/48 | €10,785 | €17,795 | +€7,010 | +65.0% |
| Trade debts | 44 | €1,035 | €6,137 | +€5,102 | +493.0% |
| Suppliers | 440/4 | €1,035 | €6,137 | +€5,102 | +493.0% |
| Taxes, remuneration and social security | 45 | €9,750 | €11,658 | +€1,908 | +19.6% |
| Taxes | 450/3 | €6,080 | €7,967 | +€1,887 | +31.0% |
| Remuneration and social security | 454/9 | €3,670 | €3,691 | +€21 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,698 | €3,463 | +€765 | +28.4% |
| Other operating charges | 640/8 | €898 | - | -€898 | |
| Gross operating margin | 9900 | €7,709 | €26,369 | +€18,661 | +242.1% |
| Operating profit (loss) | 9901 | €4,113 | €22,907 | +€18,794 | +457.0% |
| Financial income | 75/76B | €8,382 | €4,000 | -€4,382 | -52.3% |
| Recurring financial income | 75 | €8,382 | €4,000 | -€4,382 | -52.3% |
| Financial charges | 65/66B | - | €6 | +€6 | |
| Recurring financial charges | 65 | - | €6 | +€6 | |
| Profit (loss) for the period before taxes | 9903 | €12,494 | €26,901 | +€14,406 | +115.3% |
| Income taxes | 67/77 | €4,059 | €7,380 | +€3,321 | +81.8% |
| Profit (loss) for the period | 9904 | €8,436 | €19,521 | +€11,085 | +131.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,436 | €19,521 | +€11,085 | +131.4% |
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 7 October 2026 via checked.be.