StC²: 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.
StC²
Largest movements
- Deferred charges and accrued income -€14,086
down €14,086 (-60.3%), from €23,362 to €9,276
- Tangible fixed assets -€9,937
down €9,937 (-4.7%), from €210,760 to €200,822
of which Land and buildings: -€13,667
- Cash -€6,911
down €6,911 (-21.7%), from €31,791 to €24,880
mainly Debts after one year (-€26,651) and Other debts (-€18,177)
- Receivables within one year +€6,362
up €6,362 (+12.2%), from €52,172 to €58,533
of which Other amounts receivable: +€5,591
- Reserves +€35,000
up €35,000 (+147%), from €23,860 to €58,860
of which Distributable reserves: +€35,000
- Debts after one year -€26,651
down €26,651 (-62.2%), from €42,881 to €16,230
- Other debts -€18,177
down €18,177 (-35.0%), from €51,895 to €33,718
- Trade debts -€6,912
down €6,912 (-55.4%), from €12,478 to €5,566
- Accrued charges and deferred income -€4,877
down €4,877 (-53.1%), from €9,186 to €4,309
- Gross operating margin +€13,647
up €13,647 (+23.5%), from €58,048 to €71,695
- Taxes +€3,307
up €3,307 (+29.7%), from €11,141 to €14,448
- Depreciation -€1,956
down €1,956 (-8.6%), from €22,783 to €20,827
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.
Derived cash bridge
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 | €319,084 | €294,512 | -€24,573 | -7.7% |
| Fixed assets | 21/28 | €211,760 | €201,822 | -€9,937 | -4.7% |
| Tangible fixed assets | 22/27 | €210,760 | €200,822 | -€9,937 | -4.7% |
| Land and buildings | 22 | €180,535 | €166,868 | -€13,667 | -7.6% |
| Plant, machinery and equipment | 23 | €5,579 | €4,329 | -€1,250 | -22.4% |
| Furniture and vehicles | 24 | €15,405 | €21,474 | +€6,069 | +39.4% |
| Other tangible fixed assets | 26 | €9,240 | €8,151 | -€1,089 | -11.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €107,325 | €92,689 | -€14,635 | -13.6% |
| Amounts receivable within one year | 40/41 | €52,172 | €58,533 | +€6,362 | +12.2% |
| Trade receivables | 40 | €50,260 | €51,031 | +€771 | +1.5% |
| Other amounts receivable | 41 | €1,912 | €7,503 | +€5,591 | +292% |
| Cash at bank and in hand | 54/58 | €31,791 | €24,880 | -€6,911 | -21.7% |
| Deferred charges and accrued income | 490/1 | €23,362 | €9,276 | -€14,086 | -60.3% |
| Total equity and liabilities | 10/49 | €319,084 | €294,512 | -€24,573 | -7.7% |
| Equity | 10/15 | €159,509 | €194,766 | +€35,257 | +22.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,860 | €58,860 | +€35,000 | +147% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €22,000 | €57,000 | +€35,000 | +159% |
| Profit (loss) carried forward | 14 | €129,449 | €129,706 | +€257 | +0.2% |
| Amounts payable | 17/49 | €159,575 | €99,745 | -€59,830 | -37.5% |
| Amounts payable after more than one year | 17 | €42,881 | €16,230 | -€26,651 | -62.2% |
| Financial debts | 170/4 | €42,881 | €16,230 | -€26,651 | -62.2% |
| Amounts payable within one year | 42/48 | €107,508 | €79,206 | -€28,302 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €29,063 | €28,892 | -€170 | -0.6% |
| Trade debts | 44 | €12,478 | €5,566 | -€6,912 | -55.4% |
| Suppliers | 440/4 | €12,478 | €5,566 | -€6,912 | -55.4% |
| Taxes, remuneration and social security | 45 | €14,073 | €11,030 | -€3,043 | -21.6% |
| Taxes | 450/3 | €14,073 | €11,030 | -€3,043 | -21.6% |
| Other amounts payable | 47/48 | €51,895 | €33,718 | -€18,177 | -35.0% |
| Accrued charges and deferred income | 492/3 | €9,186 | €4,309 | -€4,877 | -53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,783 | €20,827 | -€1,956 | -8.6% |
| Other operating charges | 640/8 | €1,018 | €935 | -€84 | -8.2% |
| Gross operating margin | 9900 | €58,048 | €71,695 | +€13,647 | +23.5% |
| Operating profit (loss) | 9901 | €34,247 | €49,933 | +€15,686 | +45.8% |
| Financial income | 75/76B | €174 | €175 | +€1 | +0.7% |
| Recurring financial income | 75 | €174 | €175 | +€1 | +0.7% |
| Financial charges | 65/66B | €388 | €403 | +€15 | +3.8% |
| Recurring financial charges | 65 | €388 | €403 | +€15 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €34,033 | €49,705 | +€15,673 | +46.1% |
| Income taxes | 67/77 | €11,141 | €14,448 | +€3,307 | +29.7% |
| Profit (loss) for the period | 9904 | €22,892 | €35,257 | +€12,366 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,892 | €35,257 | +€12,366 | +54.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.