ST MOTORS: 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 MOTORS
Largest movements
- Receivables within one year +€454,801
up €454,801 (+6,748%), from €6,740 to €461,540
of which Trade receivables: +€409,564
- Stocks and contracts +€53,471
new in 2025: €53,471
- Cash +€43,663
up €43,663 (+779%), from €5,605 to €49,268
mainly Trade debts (+€402,992) and Net result for the year (+€98,532)
- Trade debts +€402,992
up €402,992 (+11,853%), from €3,400 to €406,392
- Reserves +€98,532
up €98,532 (+3,589%), from €2,745 to €101,277
of which Distributable reserves: +€98,624
- Tax, wage and social debts +€50,891
up €50,891, from €0 to €50,891
- Gross operating margin +€157,385
up €157,385 (+58,724%), from €268 to €157,653
- Taxes +€50,891
up €50,891, from €0 to €50,891
- Financial charges +€8,011
up €8,011 (+8,092%), from €99 to €8,110
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 | €12,345 | €565,263 | +€552,918 | +4,479% |
| Fixed assets | 21/28 | - | €984 | +€984 | |
| Financial fixed assets | 28 | - | €984 | +€984 | |
| Current assets | 29/58 | €12,345 | €564,279 | +€551,934 | +4,471% |
| Stocks and contracts in progress | 3 | - | €53,471 | +€53,471 | |
| Stocks | 30/36 | - | €53,471 | +€53,471 | |
| Amounts receivable within one year | 40/41 | €6,740 | €461,540 | +€454,801 | +6,748% |
| Trade receivables | 40 | €1,436 | €411,000 | +€409,564 | +28,526% |
| Other amounts receivable | 41 | €5,304 | €50,540 | +€45,236 | +853% |
| Cash at bank and in hand | 54/58 | €5,605 | €49,268 | +€43,663 | +779% |
| Total equity and liabilities | 10/49 | €12,345 | €565,263 | +€552,918 | +4,479% |
| Equity | 10/15 | €8,945 | €107,477 | +€98,532 | +1,102% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,745 | €101,277 | +€98,532 | +3,589% |
| Non-distributable reserves | 130/1 | €92 | €0 | -€92 | -100% |
| Reserves not available under the articles | 1311 | €92 | €0 | -€92 | -100% |
| Distributable reserves | 133 | €2,653 | €101,277 | +€98,624 | +3,717% |
| Amounts payable | 17/49 | €3,400 | €457,786 | +€454,386 | +13,365% |
| Amounts payable within one year | 42/48 | €3,400 | €457,786 | +€454,386 | +13,365% |
| Trade debts | 44 | €3,400 | €406,392 | +€402,992 | +11,853% |
| Suppliers | 440/4 | €3,400 | €406,392 | +€402,992 | +11,853% |
| Taxes, remuneration and social security | 45 | €0 | €50,891 | +€50,891 | |
| Taxes | 450/3 | €0 | €50,891 | +€50,891 | |
| Other amounts payable | 47/48 | - | €503 | +€503 | |
| Other operating charges | 640/8 | €569 | €120 | -€449 | -78.9% |
| Gross operating margin | 9900 | €268 | €157,653 | +€157,385 | +58,724% |
| Operating profit (loss) | 9901 | -€301 | €157,533 | +€157,834 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €99 | €8,110 | +€8,011 | +8,092% |
| Recurring financial charges | 65 | €99 | €8,110 | +€8,011 | +8,092% |
| Profit (loss) for the period before taxes | 9903 | -€400 | €149,423 | +€149,823 | |
| Income taxes | 67/77 | €0 | €50,891 | +€50,891 | |
| Profit (loss) for the period | 9904 | -€400 | €98,532 | +€98,931 | |
| Profit (loss) for the period to be appropriated | 9905 | -€400 | €98,532 | +€98,931 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.