ST CONSULTING: 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 CONSULTING
Largest movements
- Tangible fixed assets -€33,557
down €33,557 (-28.2%), from €118,831 to €85,274
of which Furniture and vehicles: -€27,968
- Cash -€17,868
down €17,868 (-8.1%), from €221,211 to €203,343
mainly Contributions, distributions and other (-€102,400) and Current portion of long-term debt (-€9,219)
- Reserves -€39,046
down €39,046 (-12.4%), from €316,062 to €277,016
- Current portion of long-term debt -€9,219
down €9,219 (-66.7%), from €13,813 to €4,594
- Debts after one year -€7,140
down €7,140 (-63.6%), from €11,235 to €4,095
- Tax, wage and social debts +€6,786
up €6,786 (+56.8%), from €11,955 to €18,741
- Gross operating margin +€20,384
up €20,384 (+22.7%), from €89,806 to €110,190
- Depreciation -€12,636
down €12,636 (-51.9%), from €24,366 to €11,730
- Taxes +€6,489
up €6,489 (+35.0%), from €18,525 to €25,015
- Financial charges +€2,444
up €2,444 (+240%), from €1,017 to €3,461
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 | €359,609 | €310,819 | -€48,790 | -13.6% |
| Fixed assets | 21/28 | €118,831 | €85,274 | -€33,557 | -28.2% |
| Tangible fixed assets | 22/27 | €118,831 | €85,274 | -€33,557 | -28.2% |
| Land and buildings | 22 | €76,307 | €71,107 | -€5,200 | -6.8% |
| Plant, machinery and equipment | 23 | €809 | €420 | -€389 | -48.1% |
| Furniture and vehicles | 24 | €41,715 | €13,747 | -€27,968 | -67.0% |
| Current assets | 29/58 | €240,778 | €225,546 | -€15,233 | -6.3% |
| Amounts receivable within one year | 40/41 | €18,600 | €22,074 | +€3,475 | +18.7% |
| Trade receivables | 40 | €15,428 | €19,511 | +€4,084 | +26.5% |
| Other amounts receivable | 41 | €3,172 | €2,563 | -€609 | -19.2% |
| Cash at bank and in hand | 54/58 | €221,211 | €203,343 | -€17,868 | -8.1% |
| Deferred charges and accrued income | 490/1 | €968 | €128 | -€839 | -86.7% |
| Total equity and liabilities | 10/49 | €359,609 | €310,819 | -€48,790 | -13.6% |
| Equity | 10/15 | €322,262 | €283,216 | -€39,046 | -12.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €316,062 | €277,016 | -€39,046 | -12.4% |
| Distributable reserves | 133 | €316,062 | €277,016 | -€39,046 | -12.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,347 | €27,603 | -€9,744 | -26.1% |
| Amounts payable after more than one year | 17 | €11,235 | €4,095 | -€7,140 | -63.6% |
| Financial debts | 170/4 | €11,235 | €4,095 | -€7,140 | -63.6% |
| Amounts payable within one year | 42/48 | €26,112 | €23,508 | -€2,604 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €13,813 | €4,594 | -€9,219 | -66.7% |
| Trade debts | 44 | €344 | €173 | -€171 | -49.6% |
| Suppliers | 440/4 | €344 | €173 | -€171 | -49.6% |
| Taxes, remuneration and social security | 45 | €11,955 | €18,741 | +€6,786 | +56.8% |
| Taxes | 450/3 | €11,955 | €18,741 | +€6,786 | +56.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,366 | €11,730 | -€12,636 | -51.9% |
| Other operating charges | 640/8 | €636 | €626 | -€11 | -1.7% |
| Non-recurring operating charges | 66A | €0 | €6,110 | +€6,110 | |
| Gross operating margin | 9900 | €89,806 | €110,190 | +€20,384 | +22.7% |
| Operating profit (loss) | 9901 | €64,804 | €91,724 | +€26,920 | +41.5% |
| Financial income | 75/76B | €954 | €106 | -€848 | -88.9% |
| Recurring financial income | 75 | €954 | €106 | -€848 | -88.9% |
| Financial charges | 65/66B | €1,017 | €3,461 | +€2,444 | +240% |
| Recurring financial charges | 65 | €1,017 | €3,461 | +€2,444 | +240% |
| Profit (loss) for the period before taxes | 9903 | €64,741 | €88,369 | +€23,628 | +36.5% |
| Income taxes | 67/77 | €18,525 | €25,015 | +€6,489 | +35.0% |
| Profit (loss) for the period | 9904 | €46,215 | €63,354 | +€17,139 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,215 | €63,354 | +€17,139 | +37.1% |
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 27 October 2026 via checked.be.