STB-Logistics: 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-Logistics
Largest movements
- Receivables within one year -€95,200
down €95,200 (-67.2%), from €141,642 to €46,442
of which Trade receivables: -€95,196
- Tangible fixed assets -€84,047
down €84,047 (-13.5%), from €624,125 to €540,078
of which Land and buildings: -€59,896
- Other debts -€106,320
down €106,320 (-45.8%), from €232,335 to €126,015
- Trade debts -€60,962
down €60,962 (-97.5%), from €62,539 to €1,577
- Debts after one year -€26,667
down €26,667 (-80.0%), from €33,334 to €6,667
- Reserves +€15,000
up €15,000 (+6.0%), from €250,955 to €265,955
of which Distributable reserves: +€15,000
- Financial income -€16,847
down €16,847 (-99.2%), from €16,986 to €139
- Gross operating margin -€7,920
down €7,920 (-5.0%), from €159,443 to €151,523
- Financial charges -€6,601
down €6,601 (-40.0%), from €16,510 to €9,909
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 | €775,141 | €595,938 | -€179,204 | -23.1% |
| Fixed assets | 21/28 | €624,125 | €540,078 | -€84,047 | -13.5% |
| Tangible fixed assets | 22/27 | €624,125 | €540,078 | -€84,047 | -13.5% |
| Land and buildings | 22 | €569,116 | €509,220 | -€59,896 | -10.5% |
| Furniture and vehicles | 24 | €55,008 | €30,858 | -€24,151 | -43.9% |
| Current assets | 29/58 | €151,017 | €55,860 | -€95,157 | -63.0% |
| Amounts receivable within one year | 40/41 | €141,642 | €46,442 | -€95,200 | -67.2% |
| Trade receivables | 40 | €141,638 | €46,442 | -€95,196 | -67.2% |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Cash at bank and in hand | 54/58 | €1,052 | €912 | -€140 | -13.3% |
| Deferred charges and accrued income | 490/1 | €8,323 | €8,505 | +€183 | +2.2% |
| Total equity and liabilities | 10/49 | €775,141 | €595,938 | -€179,204 | -23.1% |
| Equity | 10/15 | €407,088 | €421,876 | +€14,788 | +3.6% |
| Contributions | 10/11 | €22,786 | €22,786 | = | 0.0% |
| Reserves | 13 | €250,955 | €265,955 | +€15,000 | +6.0% |
| Tax-exempt reserves | 132 | €8,677 | €8,677 | = | 0.0% |
| Distributable reserves | 133 | €242,279 | €257,279 | +€15,000 | +6.2% |
| Profit (loss) carried forward | 14 | €133,347 | €133,136 | -€212 | -0.2% |
| Amounts payable | 17/49 | €368,053 | €174,061 | -€193,992 | -52.7% |
| Amounts payable after more than one year | 17 | €33,334 | €6,667 | -€26,667 | -80.0% |
| Financial debts | 170/4 | €33,334 | €6,667 | -€26,667 | -80.0% |
| Amounts payable within one year | 42/48 | €334,720 | €167,394 | -€167,326 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €26,667 | €26,667 | = | 0.0% |
| Trade debts | 44 | €62,539 | €1,577 | -€60,962 | -97.5% |
| Suppliers | 440/4 | €62,539 | €1,577 | -€60,962 | -97.5% |
| Taxes, remuneration and social security | 45 | €13,178 | €13,135 | -€43 | -0.3% |
| Taxes | 450/3 | €13,178 | €13,135 | -€43 | -0.3% |
| Other amounts payable | 47/48 | €232,335 | €126,015 | -€106,320 | -45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,457 | €91,012 | -€446 | -0.5% |
| Other operating charges | 640/8 | €10,275 | €9,794 | -€481 | -4.7% |
| Gross operating margin | 9900 | €159,443 | €151,523 | -€7,920 | -5.0% |
| Operating profit (loss) | 9901 | €57,711 | €50,718 | -€6,993 | -12.1% |
| Financial income | 75/76B | €16,986 | €139 | -€16,847 | -99.2% |
| Recurring financial income | 75 | €16,986 | €139 | -€16,847 | -99.2% |
| Financial charges | 65/66B | €16,510 | €9,909 | -€6,601 | -40.0% |
| Recurring financial charges | 65 | €16,510 | €9,909 | -€6,601 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €58,187 | €40,948 | -€17,239 | -29.6% |
| Income taxes | 67/77 | €5,983 | €6,159 | +€176 | +2.9% |
| Profit (loss) for the period | 9904 | €52,204 | €34,788 | -€17,415 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,204 | €34,788 | -€17,415 | -33.4% |
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 13 October 2026 via checked.be.