ST-Electrics: 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-Electrics
Largest movements
- Cash +€22,457
up €22,457 (+176%), from €12,738 to €35,195
mainly Net result for the year (+€23,499) and Tax, wage and social debts (+€870)
- Tangible fixed assets -€804
down €804 (-49.8%), from €1,613 to €809
of which Furniture and vehicles: -€464
- Reserves +€22,666
up €22,666 (+57.9%), from €39,116 to €61,782
- Trade debts -€2,143
down €2,143 (-77.8%), from €2,756 to €613
- Tax, wage and social debts +€870
up €870 (+7,048%), from €12 to €883
- Gross operating margin +€9,078
up €9,078 (+41.0%), from €22,152 to €31,230
- Taxes +€1,951
up €1,951 (+42.7%), from €4,563 to €6,513
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 | €48,339 | €70,224 | +€21,885 | +45.3% |
| Fixed assets | 21/28 | €1,614 | €810 | -€804 | -49.8% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -12.3% |
| Tangible fixed assets | 22/27 | €1,613 | €809 | -€804 | -49.8% |
| Plant, machinery and equipment | 23 | €1,047 | €707 | -€340 | -32.4% |
| Furniture and vehicles | 24 | €566 | €102 | -€464 | -82.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €46,725 | €69,414 | +€22,689 | +48.6% |
| Amounts receivable within one year | 40/41 | €33,587 | €33,630 | +€43 | +0.1% |
| Trade receivables | 40 | €8,787 | €10,162 | +€1,375 | +15.7% |
| Other amounts receivable | 41 | €24,800 | €23,468 | -€1,332 | -5.4% |
| Cash at bank and in hand | 54/58 | €12,738 | €35,195 | +€22,457 | +176% |
| Deferred charges and accrued income | 490/1 | €401 | €590 | +€189 | +47.2% |
| Total equity and liabilities | 10/49 | €48,339 | €70,224 | +€21,885 | +45.3% |
| Equity | 10/15 | €42,116 | €64,782 | +€22,666 | +53.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €39,116 | €61,782 | +€22,666 | +57.9% |
| Distributable reserves | 133 | €39,116 | €61,782 | +€22,666 | +57.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,223 | €5,442 | -€781 | -12.6% |
| Amounts payable within one year | 42/48 | €6,223 | €5,442 | -€781 | -12.6% |
| Trade debts | 44 | €2,756 | €613 | -€2,143 | -77.8% |
| Suppliers | 440/4 | €2,756 | €613 | -€2,143 | -77.8% |
| Taxes, remuneration and social security | 45 | €12 | €883 | +€870 | +7,048% |
| Taxes | 450/3 | €12 | €883 | +€870 | +7,048% |
| Other amounts payable | 47/48 | €3,455 | €3,946 | +€492 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €804 | €804 | = | 0.0% |
| Other operating charges | 640/8 | €625 | €751 | +€125 | +20.0% |
| Gross operating margin | 9900 | €22,152 | €31,230 | +€9,078 | +41.0% |
| Operating profit (loss) | 9901 | €20,723 | €29,676 | +€8,953 | +43.2% |
| Financial income | 75/76B | €1,351 | €1,306 | -€46 | -3.4% |
| Recurring financial income | 75 | €1,351 | €1,306 | -€46 | -3.4% |
| Financial charges | 65/66B | €969 | €969 | -€0 | 0.0% |
| Recurring financial charges | 65 | €969 | €969 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €21,105 | €30,013 | +€8,907 | +42.2% |
| Income taxes | 67/77 | €4,563 | €6,513 | +€1,951 | +42.7% |
| Profit (loss) for the period | 9904 | €16,542 | €23,499 | +€6,957 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,542 | €23,499 | +€6,957 | +42.1% |
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 15 October 2026 via checked.be.