STA: what changed
Two fiscal 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.
STA
Largest movements
- Cash +€893,580
up €893,580 (+824.4%), from €108,388 to €1.0m
mainly Net result for the year (+€1.8m) and Other debts (+€549,003)
- Receivables after one year +€810,000
new in 2025: €810,000
- Financial fixed assets -€240,000
down €240,000 (-96.0%), from €250,000 to €10,000
- Receivables within one year +€165,974
up €165,974 (+196.5%), from €84,459 to €250,434
of which Other amounts receivable: +€102,825
- Reserves +€1.1m
up €1.1m (+338.6%), from €333,171 to €1.5m
- Other debts +€549,003
up €549,003, from €0 to €549,003
- Debts after one year -€45,214
down €45,214 (-76.0%), from €59,474 to €14,260
- Gross operating margin +€1.8m
up €1.8m (+1085.6%), from €161,534 to €1.9m
- Taxes +€52,004
up €52,004 (+133.2%), from €39,049 to €91,053
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 | €496,737 | €2,127,554 | +€1.6m | +328.3% |
| Fixed assets | 21/28 | €298,779 | €57,323 | -€241,456 | -80.8% |
| Tangible fixed assets | 22/27 | €48,779 | €47,323 | -€1,456 | -3.0% |
| Plant, machinery and equipment | 23 | €7,032 | €5,311 | -€1,720 | -24.5% |
| Furniture and vehicles | 24 | €19,699 | €14,366 | -€5,333 | -27.1% |
| Other tangible fixed assets | 26 | €22,048 | €27,646 | +€5,597 | +25.4% |
| Financial fixed assets | 28 | €250,000 | €10,000 | -€240,000 | -96.0% |
| Current assets | 29/58 | €197,958 | €2,070,232 | +€1.9m | +945.8% |
| Amounts receivable after more than one year | 29 | - | €810,000 | +€810,000 | |
| Other amounts receivable | 291 | - | €810,000 | +€810,000 | |
| Amounts receivable within one year | 40/41 | €84,459 | €250,434 | +€165,974 | +196.5% |
| Trade receivables | 40 | €11,851 | €75,000 | +€63,149 | +532.9% |
| Other amounts receivable | 41 | €72,609 | €175,434 | +€102,825 | +141.6% |
| Current investments | 50/53 | €0 | €3,750 | +€3,750 | |
| Cash at bank and in hand | 54/58 | €108,388 | €1,001,968 | +€893,580 | +824.4% |
| Deferred charges and accrued income | 490/1 | €5,111 | €4,080 | -€1,031 | -20.2% |
| Total equity and liabilities | 10/49 | €496,737 | €2,127,554 | +€1.6m | +328.3% |
| Equity | 10/15 | €334,171 | €1,462,126 | +€1.1m | +337.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €333,171 | €1,461,126 | +€1.1m | +338.6% |
| Distributable reserves | 133 | €333,171 | €1,461,126 | +€1.1m | +338.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €162,566 | €665,429 | +€502,863 | +309.3% |
| Amounts payable after more than one year | 17 | €59,474 | €14,260 | -€45,214 | -76.0% |
| Financial debts | 170/4 | €59,474 | €14,260 | -€45,214 | -76.0% |
| Amounts payable within one year | 42/48 | €103,092 | €651,168 | +€548,077 | +531.6% |
| Current portion of amounts payable after more than one year | 42 | €61,142 | €61,952 | +€810 | +1.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €15,561 | €2,950 | -€12,611 | -81.0% |
| Suppliers | 440/4 | €15,561 | €2,950 | -€12,611 | -81.0% |
| Taxes, remuneration and social security | 45 | €26,389 | €37,263 | +€10,875 | +41.2% |
| Taxes | 450/3 | €26,389 | €37,263 | +€10,875 | +41.2% |
| Other amounts payable | 47/48 | €0 | €549,003 | +€549,003 | |
| Non-recurring operating income | 76A | - | €1,550,000 | +€1.6m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,411 | €11,025 | +€1,614 | +17.2% |
| Other operating charges | 640/8 | €1,919 | €1,663 | -€255 | -13.3% |
| Gross operating margin | 9900 | €161,534 | €1,915,076 | +€1.8m | +1085.6% |
| Operating profit (loss) | 9901 | €150,205 | €1,902,388 | +€1.8m | +1166.5% |
| Financial income | 75/76B | €816 | €2,175 | +€1,359 | +166.7% |
| Recurring financial income | 75 | €816 | €2,175 | +€1,359 | +166.7% |
| Financial charges | 65/66B | €3,265 | €2,385 | -€880 | -27.0% |
| Recurring financial charges | 65 | €3,265 | €2,385 | -€880 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €147,756 | €1,902,178 | +€1.8m | +1187.4% |
| Income taxes | 67/77 | €39,049 | €91,053 | +€52,004 | +133.2% |
| Profit (loss) for the period | 9904 | €108,708 | €1,811,126 | +€1.7m | +1566.1% |
| Profit (loss) for the period to be appropriated | 9905 | €108,708 | €1,811,126 | +€1.7m | +1566.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.