ST SOLUTIONS: 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 SOLUTIONS
Largest movements
- Receivables within one year +€41,818
up €41,818 (+56.3%), from €74,244 to €116,062
of which Other amounts receivable: +€41,818
- Tangible fixed assets -€36,051
down €36,051 (-38.9%), from €92,765 to €56,714
of which Furniture and vehicles: -€35,672
- Cash +€20,170
up €20,170 (+97.4%), from €20,709 to €40,879
mainly Other debts (+€130,492) and Depreciation (+€36,051)
- Other debts +€130,492
new in 2025: €130,492
- Reserves -€101,199
no longer reported in 2025 (was €101,199)
- Debts after one year -€17,500
down €17,500 (-26.3%), from €66,515 to €49,016
- Tax, wage and social debts +€12,797
up €12,797 (+389.1%), from €3,289 to €16,086
of which Taxes: +€6,797
- Depreciation +€17,161
up €17,161 (+90.8%), from €18,890 to €36,051
- Gross operating margin -€15,621
down €15,621 (-16.7%), from €93,347 to €77,727
- Taxes -€5,594
down €5,594 (-32.5%), from €17,193 to €11,600
- Financial income +€2,002
up €2,002 (+132.9%), from €1,507 to €3,510
- Financial charges +€1,784
up €1,784 (+105.7%), from €1,689 to €3,473
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.
Cash bridge derived
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 | €188,357 | €214,556 | +€26,199 | +13.9% |
| Fixed assets | 21/28 | €92,765 | €56,714 | -€36,051 | -38.9% |
| Tangible fixed assets | 22/27 | €92,765 | €56,714 | -€36,051 | -38.9% |
| Plant, machinery and equipment | 23 | €2,458 | €2,079 | -€379 | -15.4% |
| Furniture and vehicles | 24 | €90,306 | €54,634 | -€35,672 | -39.5% |
| Current assets | 29/58 | €95,593 | €157,842 | +€62,250 | +65.1% |
| Amounts receivable within one year | 40/41 | €74,244 | €116,062 | +€41,818 | +56.3% |
| Trade receivables | 40 | €15,730 | €15,730 | = | 0.0% |
| Other amounts receivable | 41 | €58,514 | €100,332 | +€41,818 | +71.5% |
| Cash at bank and in hand | 54/58 | €20,709 | €40,879 | +€20,170 | +97.4% |
| Deferred charges and accrued income | 490/1 | €640 | €902 | +€262 | +40.9% |
| Total equity and liabilities | 10/49 | €188,357 | €214,556 | +€26,199 | +13.9% |
| Equity | 10/15 | €101,299 | €100 | -€101,199 | -99.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €101,199 | - | -€101,199 | |
| Distributable reserves | 133 | €101,199 | - | -€101,199 | |
| Amounts payable | 17/49 | €87,059 | €214,456 | +€127,398 | +146.3% |
| Amounts payable after more than one year | 17 | €66,515 | €49,016 | -€17,500 | -26.3% |
| Financial debts | 170/4 | €66,515 | €49,016 | -€17,500 | -26.3% |
| Amounts payable within one year | 42/48 | €20,543 | €165,317 | +€144,774 | +704.7% |
| Current portion of amounts payable after more than one year | 42 | €16,732 | €17,500 | +€768 | +4.6% |
| Trade debts | 44 | €522 | €1,240 | +€717 | +137.4% |
| Suppliers | 440/4 | €522 | €1,240 | +€717 | +137.4% |
| Taxes, remuneration and social security | 45 | €3,289 | €16,086 | +€12,797 | +389.1% |
| Taxes | 450/3 | €3,289 | €10,086 | +€6,797 | +206.6% |
| Remuneration and social security | 454/9 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | - | €130,492 | +€130,492 | |
| Accrued charges and deferred income | 492/3 | - | €124 | +€124 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,890 | €36,051 | +€17,161 | +90.8% |
| Other operating charges | 640/8 | €1,152 | €819 | -€333 | -28.9% |
| Gross operating margin | 9900 | €93,347 | €77,727 | -€15,621 | -16.7% |
| Operating profit (loss) | 9901 | €73,305 | €40,856 | -€32,449 | -44.3% |
| Financial income | 75/76B | €1,507 | €3,510 | +€2,002 | +132.9% |
| Recurring financial income | 75 | €1,507 | €3,510 | +€2,002 | +132.9% |
| Financial charges | 65/66B | €1,689 | €3,473 | +€1,784 | +105.7% |
| Recurring financial charges | 65 | €1,689 | €3,473 | +€1,784 | +105.7% |
| Profit (loss) for the period before taxes | 9903 | €73,123 | €40,893 | -€32,231 | -44.1% |
| Income taxes | 67/77 | €17,193 | €11,600 | -€5,594 | -32.5% |
| Profit (loss) for the period | 9904 | €55,930 | €29,293 | -€26,637 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,930 | €29,293 | -€26,637 | -47.6% |
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 11 October 2026 via checked.be.