St.De. Consult: 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.De. Consult
Largest movements
- Cash +€186,913
up €186,913 (+533%), from €35,064 to €221,977
mainly Net result for the year (+€189,373) and Tax, wage and social debts (+€31,168)
- Receivables after one year +€55,245
up €55,245 (+676%), from €8,177 to €63,422
- Reserves +€96,830
new in 2025: €96,830
- Profit (loss) carried forward +€92,543
up €92,543 (+252%), from €36,754 to €129,297
- Tax, wage and social debts +€31,168
up €31,168 (+126%), from €24,696 to €55,863
- Other debts +€23,000
new in 2025: €23,000
- Gross operating margin +€199,340
up €199,340 (+426%), from €46,745 to €246,085
- Taxes +€47,871
up €47,871 (+512%), from €9,355 to €57,226
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 | €68,651 | €311,948 | +€243,297 | +354% |
| Current assets | 29/58 | €68,651 | €311,948 | +€243,297 | +354% |
| Amounts receivable after more than one year | 29 | €8,177 | €63,422 | +€55,245 | +676% |
| Other amounts receivable | 291 | €8,177 | €63,422 | +€55,245 | +676% |
| Amounts receivable within one year | 40/41 | €25,410 | €25,410 | = | 0.0% |
| Trade receivables | 40 | €25,410 | €25,410 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,064 | €221,977 | +€186,913 | +533% |
| Deferred charges and accrued income | 490/1 | - | €1,139 | +€1,139 | |
| Total equity and liabilities | 10/49 | €68,651 | €311,948 | +€243,297 | +354% |
| Equity | 10/15 | €39,754 | €229,127 | +€189,373 | +476% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €96,830 | +€96,830 | |
| Tax-exempt reserves | 132 | - | €96,830 | +€96,830 | |
| Profit (loss) carried forward | 14 | €36,754 | €129,297 | +€92,543 | +252% |
| Amounts payable | 17/49 | €28,897 | €82,821 | +€53,924 | +187% |
| Amounts payable within one year | 42/48 | €28,897 | €82,821 | +€53,924 | +187% |
| Trade debts | 44 | €4,201 | €3,958 | -€244 | -5.8% |
| Suppliers | 440/4 | €4,201 | €3,958 | -€244 | -5.8% |
| Taxes, remuneration and social security | 45 | €24,696 | €55,863 | +€31,168 | +126% |
| Taxes | 450/3 | €24,696 | €55,863 | +€31,168 | +126% |
| Other amounts payable | 47/48 | - | €23,000 | +€23,000 | |
| Other operating charges | 640/8 | €662 | €1,482 | +€820 | +124% |
| Gross operating margin | 9900 | €46,745 | €246,085 | +€199,340 | +426% |
| Operating profit (loss) | 9901 | €46,083 | €244,603 | +€198,520 | +431% |
| Financial income | 75/76B | €32 | €2,088 | +€2,057 | +6,503% |
| Recurring financial income | 75 | €32 | €2,088 | +€2,057 | +6,503% |
| Financial charges | 65/66B | €6 | €92 | +€86 | +1,472% |
| Recurring financial charges | 65 | €6 | €92 | +€86 | +1,472% |
| Profit (loss) for the period before taxes | 9903 | €46,109 | €246,599 | +€200,490 | +435% |
| Income taxes | 67/77 | €9,355 | €57,226 | +€47,871 | +512% |
| Profit (loss) for the period | 9904 | €36,754 | €189,373 | +€152,619 | +415% |
| Transfer to tax-exempt reserves | 689 | - | €96,830 | +€96,830 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,754 | €92,543 | +€55,789 | +152% |
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 18 October 2026 via checked.be.