STB MANAGEMENT: 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.
STB MANAGEMENT
Largest movements
- Receivables within one year +€22,161
up €22,161 (+74.3%), from €29,840 to €52,001
of which Other amounts receivable: +€11,895
- Tangible fixed assets -€5,698
down €5,698 (-3.8%), from €151,723 to €146,025
of which Land and buildings: -€4,185
- Reserves +€37,019
up €37,019 (+47.6%), from €77,742 to €114,761
of which Distributable reserves: +€37,991
- Other debts -€22,523
down €22,523 (-70.3%), from €32,056 to €9,534
- Tax, wage and social debts +€10,522
up €10,522 (+206.3%), from €5,100 to €15,622
- Trade debts -€7,558
down €7,558 (-62.2%), from €12,150 to €4,592
- Gross operating margin +€32,996
up €32,996 (+167.4%), from €19,709 to €52,705
- Taxes +€8,487
up €8,487 (+2108.4%), from €403 to €8,890
- Depreciation -€1,245
down €1,245 (-17.9%), from €6,943 to €5,698
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €185,077 | €202,172 | +€17,095 | +9.2% |
| Fixed assets | 21/28 | €151,723 | €146,025 | -€5,698 | -3.8% |
| Tangible fixed assets | 22/27 | €151,723 | €146,025 | -€5,698 | -3.8% |
| Land and buildings | 22 | €143,695 | €139,510 | -€4,185 | -2.9% |
| Plant, machinery and equipment | 23 | €7,053 | €6,207 | -€846 | -12.0% |
| Furniture and vehicles | 24 | €975 | €308 | -€667 | -68.4% |
| Current assets | 29/58 | €33,354 | €56,147 | +€22,793 | +68.3% |
| Amounts receivable within one year | 40/41 | €29,840 | €52,001 | +€22,161 | +74.3% |
| Trade receivables | 40 | €26,639 | €36,905 | +€10,266 | +38.5% |
| Other amounts receivable | 41 | €3,201 | €15,096 | +€11,895 | +371.6% |
| Cash at bank and in hand | 54/58 | €3,515 | €2,416 | -€1,099 | -31.3% |
| Deferred charges and accrued income | 490/1 | - | €1,731 | +€1,731 | |
| Total equity and liabilities | 10/49 | €185,077 | €202,172 | +€17,095 | +9.2% |
| Equity | 10/15 | €127,645 | €164,664 | +€37,019 | +29.0% |
| Contributions | 10/11 | €49,500 | €49,500 | = | 0.0% |
| Reserves | 13 | €77,742 | €114,761 | +€37,019 | +47.6% |
| Tax-exempt reserves | 132 | €32,011 | €31,040 | -€972 | -3.0% |
| Distributable reserves | 133 | €45,731 | €83,722 | +€37,991 | +83.1% |
| Profit (loss) carried forward | 14 | €403 | €403 | = | 0.0% |
| Provisions and deferred taxes | 16 | €8,003 | €7,760 | -€243 | -3.0% |
| Deferred taxes | 168 | €8,003 | €7,760 | -€243 | -3.0% |
| Amounts payable | 17/49 | €49,429 | €29,748 | -€19,681 | -39.8% |
| Amounts payable within one year | 42/48 | €49,306 | €29,748 | -€19,559 | -39.7% |
| Trade debts | 44 | €12,150 | €4,592 | -€7,558 | -62.2% |
| Suppliers | 440/4 | €12,150 | €4,592 | -€7,558 | -62.2% |
| Taxes, remuneration and social security | 45 | €5,100 | €15,622 | +€10,522 | +206.3% |
| Taxes | 450/3 | €5,100 | €15,622 | +€10,522 | +206.3% |
| Other amounts payable | 47/48 | €32,056 | €9,534 | -€22,523 | -70.3% |
| Accrued charges and deferred income | 492/3 | €122 | - | -€122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,943 | €5,698 | -€1,245 | -17.9% |
| Other operating charges | 640/8 | €1,159 | €1,311 | +€152 | +13.1% |
| Gross operating margin | 9900 | €19,709 | €52,705 | +€32,996 | +167.4% |
| Operating profit (loss) | 9901 | €11,607 | €45,696 | +€34,089 | +293.7% |
| Financial income | 75/76B | - | €187 | +€187 | |
| Recurring financial income | 75 | - | €187 | +€187 | |
| Financial charges | 65/66B | €281 | €217 | -€64 | -22.6% |
| Recurring financial charges | 65 | €281 | €217 | -€64 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €11,326 | €45,666 | +€34,340 | +303.2% |
| Transfer from deferred taxes | 780 | €243 | €243 | = | 0.0% |
| Income taxes | 67/77 | €403 | €8,890 | +€8,487 | +2108.4% |
| Profit (loss) for the period | 9904 | €11,166 | €37,019 | +€25,852 | +231.5% |
| Transfer from tax-exempt reserves | 789 | €972 | €972 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,138 | €37,991 | +€25,852 | +213.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.