St Kilda: 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 Kilda
Largest movements
- Stocks and contracts +€479,041
new in 2025: €479,041
- Tangible fixed assets +€341,711
up €341,711 (+103%), from €332,754 to €674,465
- Cash -€17,183
down €17,183 (-81.2%), from €21,170 to €3,987
mainly Stocks and contracts (-€479,041) and Investment in fixed assets (net) (-€354,378)
- Debts after one year +€502,515
up €502,515 (+144%), from €348,565 to €851,081
- Short-term financial debts +€228,000
new in 2025: €228,000
- Revaluation surpluses +€64,000
new in 2025: €64,000
- Profit (loss) carried forward -€23,024
down €23,024 (-458%), from -€5,022 to -€28,045
- Current portion of long-term debt +€16,242
new in 2025: €16,242
- Financial charges +€22,130
up €22,130 (+318%), from €6,963 to €29,093
- Gross operating margin +€12,966
up €12,966 (+104%), from €12,484 to €25,450
- Depreciation +€8,383
up €8,383 (+196%), from €4,284 to €12,666
- Other operating charges +€455
up €455 (+7.3%), from €6,259 to €6,714
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 | €356,315 | €1,160,978 | +€804,663 | +226% |
| Fixed assets | 21/28 | €332,754 | €674,465 | +€341,711 | +103% |
| Tangible fixed assets | 22/27 | €332,754 | €674,465 | +€341,711 | +103% |
| Land and buildings | 22 | €332,754 | €674,465 | +€341,711 | +103% |
| Current assets | 29/58 | €23,562 | €486,513 | +€462,952 | +1,965% |
| Stocks and contracts in progress | 3 | - | €479,041 | +€479,041 | |
| Stocks | 30/36 | - | €479,041 | +€479,041 | |
| Cash at bank and in hand | 54/58 | €21,170 | €3,987 | -€17,183 | -81.2% |
| Deferred charges and accrued income | 490/1 | €2,391 | €3,485 | +€1,094 | +45.7% |
| Total equity and liabilities | 10/49 | €356,315 | €1,160,978 | +€804,663 | +226% |
| Equity | 10/15 | €7,478 | €48,455 | +€40,976 | +548% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Capital | 10 | €12,500 | - | -€12,500 | |
| Issued capital | 100 | €12,500 | - | -€12,500 | |
| Revaluation surpluses | 12 | - | €64,000 | +€64,000 | |
| Profit (loss) carried forward | 14 | -€5,022 | -€28,045 | -€23,024 | -458% |
| Amounts payable | 17/49 | €348,837 | €1,112,524 | +€763,687 | +219% |
| Amounts payable after more than one year | 17 | €348,565 | €851,081 | +€502,515 | +144% |
| Financial debts | 170/4 | €348,565 | €851,081 | +€502,515 | +144% |
| Amounts payable within one year | 42/48 | €272 | €256,614 | +€256,342 | +94,281% |
| Current portion of amounts payable after more than one year | 42 | - | €16,242 | +€16,242 | |
| Financial debts | 43 | - | €228,000 | +€228,000 | |
| Credit institutions | 430/8 | - | €228,000 | +€228,000 | |
| Trade debts | 44 | €272 | €11,695 | +€11,423 | +4,201% |
| Suppliers | 440/4 | €272 | €11,695 | +€11,423 | +4,201% |
| Other amounts payable | 47/48 | - | €676 | +€676 | |
| Accrued charges and deferred income | 492/3 | - | €4,830 | +€4,830 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,284 | €12,666 | +€8,383 | +196% |
| Other operating charges | 640/8 | €6,259 | €6,714 | +€455 | +7.3% |
| Gross operating margin | 9900 | €12,484 | €25,450 | +€12,966 | +104% |
| Operating profit (loss) | 9901 | €1,942 | €6,070 | +€4,128 | +213% |
| Financial charges | 65/66B | €6,963 | €29,093 | +€22,130 | +318% |
| Recurring financial charges | 65 | €6,963 | €29,093 | +€22,130 | +318% |
| Profit (loss) for the period before taxes | 9903 | -€5,022 | -€23,024 | -€18,002 | -358% |
| Profit (loss) for the period | 9904 | -€5,022 | -€23,024 | -€18,002 | -358% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,022 | -€23,024 | -€18,002 | -358% |
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 19 October 2026 via checked.be.