ST Software House: 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 Software House
Largest movements
- Receivables within one year +€37,626
up €37,626 (+32.7%), from €115,109 to €152,734
of which Trade receivables: +€44,718
- Profit (loss) carried forward +€65,299
up €65,299 (+58.8%), from -€111,077 to -€45,777
- Other debts -€30,197
down €30,197 (-14.7%), from €204,775 to €174,578
- Tax, wage and social debts +€2,988
new in 2025: €2,988
- Gross operating margin +€63,278
up €63,278 (+2,034%), from €3,110 to €66,388
- Financial charges -€9,332
down €9,332 (-98.1%), from €9,514 to €182
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 | €115,158 | €153,248 | +€38,090 | +33.1% |
| Current assets | 29/58 | €115,158 | €153,248 | +€38,090 | +33.1% |
| Amounts receivable within one year | 40/41 | €115,109 | €152,734 | +€37,626 | +32.7% |
| Trade receivables | 40 | €108,016 | €152,734 | +€44,718 | +41.4% |
| Other amounts receivable | 41 | €7,093 | - | -€7,093 | |
| Cash at bank and in hand | 54/58 | €50 | €513 | +€464 | +935% |
| Total equity and liabilities | 10/49 | €115,158 | €153,248 | +€38,090 | +33.1% |
| Equity | 10/15 | -€90,617 | -€25,317 | +€65,299 | +72.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,077 | -€45,777 | +€65,299 | +58.8% |
| Amounts payable | 17/49 | €205,775 | €178,565 | -€27,210 | -13.2% |
| Amounts payable within one year | 42/48 | €205,775 | €178,565 | -€27,210 | -13.2% |
| Trade debts | 44 | €1,000 | €1,000 | = | 0.0% |
| Suppliers | 440/4 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €2,988 | +€2,988 | |
| Taxes | 450/3 | - | €2,988 | +€2,988 | |
| Other amounts payable | 47/48 | €204,775 | €174,578 | -€30,197 | -14.7% |
| Other operating charges | 640/8 | €518 | €907 | +€389 | +75.0% |
| Gross operating margin | 9900 | €3,110 | €66,388 | +€63,278 | +2,034% |
| Operating profit (loss) | 9901 | €2,592 | €65,481 | +€62,889 | +2,426% |
| Financial charges | 65/66B | €9,514 | €182 | -€9,332 | -98.1% |
| Recurring financial charges | 65 | €9,514 | €182 | -€9,332 | -98.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,922 | €65,299 | +€72,221 | |
| Profit (loss) for the period | 9904 | -€6,922 | €65,299 | +€72,221 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,922 | €65,299 | +€72,221 |
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 16 October 2026 via checked.be.