STB: 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.
STB
Largest movements
- Receivables within one year -€10,617
down €10,617 (-47.3%), from €22,455 to €11,837
of which Trade receivables: -€12,822
- Tangible fixed assets -€7,123
down €7,123 (-23.3%), from €30,556 to €23,433
of which Furniture and vehicles: -€6,374
- Cash -€5,093
down €5,093 (-69.5%), from €7,323 to €2,231
mainly Advances received (-€11,616) and Debts after one year (-€6,055)
- Deferred charges and accrued income +€934
up €934 (+28.6%), from €3,267 to €4,200
- Advances received -€11,616
no longer reported in 2025 (was €11,616)
- Debts after one year -€6,055
down €6,055 (-35.0%), from €17,325 to €11,269
- Other debts -€4,048
down €4,048 (-20.9%), from €19,403 to €15,355
- Profit (loss) carried forward -€1,923
down €1,923 (-6.6%), from -€29,001 to -€30,924
- Tax, wage and social debts +€1,143
up €1,143 (+25.4%), from €4,509 to €5,652
- Gross operating margin -€9,011
down €9,011 (-41.4%), from €21,761 to €12,749
- Taxes -€1,750
down €1,750 (-49.4%), from €3,546 to €1,796
- Depreciation -€1,297
down €1,297 (-12.1%), from €10,745 to €9,447
- Other operating charges -€706
down €706 (-30.1%), from €2,342 to €1,637
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 | €63,601 | €41,702 | -€21,899 | -34.4% |
| Fixed assets | 21/28 | €30,556 | €23,433 | -€7,123 | -23.3% |
| Tangible fixed assets | 22/27 | €30,556 | €23,433 | -€7,123 | -23.3% |
| Furniture and vehicles | 24 | €26,300 | €19,926 | -€6,374 | -24.2% |
| Other tangible fixed assets | 26 | €4,256 | €3,507 | -€749 | -17.6% |
| Current assets | 29/58 | €33,045 | €18,268 | -€14,777 | -44.7% |
| Amounts receivable within one year | 40/41 | €22,455 | €11,837 | -€10,617 | -47.3% |
| Trade receivables | 40 | €22,001 | €9,179 | -€12,822 | -58.3% |
| Other amounts receivable | 41 | €454 | €2,658 | +€2,204 | +486% |
| Cash at bank and in hand | 54/58 | €7,323 | €2,231 | -€5,093 | -69.5% |
| Deferred charges and accrued income | 490/1 | €3,267 | €4,200 | +€934 | +28.6% |
| Total equity and liabilities | 10/49 | €63,601 | €41,702 | -€21,899 | -34.4% |
| Equity | 10/15 | -€1,201 | -€3,124 | -€1,923 | -160% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,200 | €9,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,200 | €9,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,001 | -€30,924 | -€1,923 | -6.6% |
| Amounts payable | 17/49 | €64,802 | €44,826 | -€19,977 | -30.8% |
| Amounts payable after more than one year | 17 | €17,325 | €11,269 | -€6,055 | -35.0% |
| Financial debts | 170/4 | €17,325 | €11,269 | -€6,055 | -35.0% |
| Amounts payable within one year | 42/48 | €47,075 | €33,372 | -€13,703 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €7,143 | €7,341 | +€198 | +2.8% |
| Trade debts | 44 | €4,403 | €5,023 | +€620 | +14.1% |
| Suppliers | 440/4 | €4,403 | €5,023 | +€620 | +14.1% |
| Advances received on contracts in progress | 46 | €11,616 | - | -€11,616 | |
| Taxes, remuneration and social security | 45 | €4,509 | €5,652 | +€1,143 | +25.4% |
| Taxes | 450/3 | €4,509 | €5,652 | +€1,143 | +25.4% |
| Other amounts payable | 47/48 | €19,403 | €15,355 | -€4,048 | -20.9% |
| Accrued charges and deferred income | 492/3 | €403 | €184 | -€219 | -54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,745 | €9,447 | -€1,297 | -12.1% |
| Other operating charges | 640/8 | €2,342 | €1,637 | -€706 | -30.1% |
| Gross operating margin | 9900 | €21,761 | €12,749 | -€9,011 | -41.4% |
| Operating profit (loss) | 9901 | €8,674 | €1,665 | -€7,009 | -80.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,991 | €1,792 | -€199 | -10.0% |
| Recurring financial charges | 65 | €1,991 | €1,792 | -€199 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €6,683 | -€127 | -€6,810 | |
| Income taxes | 67/77 | €3,546 | €1,796 | -€1,750 | -49.4% |
| Profit (loss) for the period | 9904 | €3,137 | -€1,923 | -€5,059 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,137 | -€1,923 | -€5,059 |
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 23 October 2026 via checked.be.