ST GROUP: what changed
ST GROUP
Largest movements
- Cash +€22,521
up €22,521 (+131%), from €17,227 to €39,749
mainly Net result for the year (+€15,016) and Depreciation (+€11,515)
- Tangible fixed assets -€8,877
down €8,877 (-28.8%), from €30,822 to €21,945
of which Leasing and similar rights: -€6,564
- Receivables within one year -€5,834
down €5,834 (-5.1%), from €115,447 to €109,613
- Profit (loss) carried forward +€15,016
up €15,016 (+16.2%), from €92,963 to €107,979
- Debts after one year -€7,981
down €7,981 (-31.7%), from €25,167 to €17,186
- Tax, wage and social debts +€4,839
up €4,839 (+70.5%), from €6,863 to €11,701
of which Remuneration and social security: +€4,567
- Trade debts -€3,943
down €3,943 (-13.2%), from €29,814 to €25,871
- Gross operating margin +€18,173
up €18,173 (+46.0%), from €39,515 to €57,687
- Taxes +€14,471
up €14,471 (+236%), from €6,134 to €20,605
- Financial charges -€2,820
down €2,820 (-60.8%), from €4,642 to €1,822
- Other operating charges -€1,330
down €1,330 (-45.1%), from €2,951 to €1,620
- Staff costs +€1,264
up €1,264 (+638%), from €198 to €1,462
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,605 | €176,918 | +€8,312 | +4.9% |
| Fixed assets | 21/28 | €34,422 | €25,545 | -€8,877 | -25.8% |
| Tangible fixed assets | 22/27 | €30,822 | €21,945 | -€8,877 | -28.8% |
| Plant, machinery and equipment | 23 | €16,494 | €12,362 | -€4,132 | -25.1% |
| Furniture and vehicles | 24 | €1,170 | €2,990 | +€1,819 | +155% |
| Leasing and similar rights | 25 | €13,157 | €6,593 | -€6,564 | -49.9% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €134,184 | €151,373 | +€17,189 | +12.8% |
| Stocks and contracts in progress | 3 | €1,509 | €2,010 | +€502 | +33.2% |
| Stocks | 30/36 | €1,509 | €2,010 | +€502 | +33.2% |
| Amounts receivable within one year | 40/41 | €115,447 | €109,613 | -€5,834 | -5.1% |
| Other amounts receivable | 41 | €115,447 | €109,613 | -€5,834 | -5.1% |
| Cash at bank and in hand | 54/58 | €17,227 | €39,749 | +€22,521 | +131% |
| Total equity and liabilities | 10/49 | €168,605 | €176,918 | +€8,312 | +4.9% |
| Equity | 10/15 | €99,163 | €114,179 | +€15,016 | +15.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,963 | €107,979 | +€15,016 | +16.2% |
| Amounts payable | 17/49 | €69,442 | €62,739 | -€6,703 | -9.7% |
| Amounts payable after more than one year | 17 | €25,167 | €17,186 | -€7,981 | -31.7% |
| Financial debts | 170/4 | €25,167 | €17,186 | -€7,981 | -31.7% |
| Amounts payable within one year | 42/48 | €44,275 | €45,553 | +€1,278 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €7,599 | €7,981 | +€382 | +5.0% |
| Trade debts | 44 | €29,814 | €25,871 | -€3,943 | -13.2% |
| Suppliers | 440/4 | €29,814 | €25,871 | -€3,943 | -13.2% |
| Taxes, remuneration and social security | 45 | €6,863 | €11,701 | +€4,839 | +70.5% |
| Taxes | 450/3 | €6,863 | €7,134 | +€272 | +4.0% |
| Remuneration and social security | 454/9 | - | €4,567 | +€4,567 | |
| Remuneration, social security and pensions | 62 | €198 | €1,462 | +€1,264 | +638% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,906 | €11,515 | +€610 | +5.6% |
| Other operating charges | 640/8 | €2,951 | €1,620 | -€1,330 | -45.1% |
| Non-recurring operating charges | 66A | €4,431 | €5,647 | +€1,216 | +27.4% |
| Gross operating margin | 9900 | €39,515 | €57,687 | +€18,173 | +46.0% |
| Operating profit (loss) | 9901 | €21,029 | €37,442 | +€16,413 | +78.0% |
| Financial charges | 65/66B | €4,642 | €1,822 | -€2,820 | -60.8% |
| Recurring financial charges | 65 | €4,642 | €1,822 | -€2,820 | -60.8% |
| Profit (loss) for the period before taxes | 9903 | €16,387 | €35,621 | +€19,234 | +117% |
| Income taxes | 67/77 | €6,134 | €20,605 | +€14,471 | +236% |
| Profit (loss) for the period | 9904 | €10,253 | €15,016 | +€4,763 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,253 | €15,016 | +€4,763 | +46.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.