STC5: 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.
STC5
Largest movements
- Tangible fixed assets -€9,057
down €9,057 (-12.7%), from €71,332 to €62,275
of which Other tangible fixed assets: -€8,300
- Cash -€4,560
down €4,560 (-52.8%), from €8,634 to €4,074
mainly Debts after one year (-€13,512) and Stocks and contracts (-€2,226)
- Stocks and contracts +€2,226
up €2,226 (+17.6%), from €12,659 to €14,884
- Receivables within one year +€1,756
up €1,756 (+81.5%), from €2,154 to €3,909
of which Trade receivables: +€1,993
- Debts after one year -€13,512
down €13,512 (-30.0%), from €45,011 to €31,499
- Tax, wage and social debts +€3,177
up €3,177 (+10.4%), from €30,465 to €33,642
of which Remuneration and social security: +€1,927
- Gross operating margin +€20,253
up €20,253 (+13.1%), from €154,825 to €175,078
- Staff costs +€13,443
up €13,443 (+9.2%), from €146,109 to €159,553
- Financial charges -€10,100
down €10,100 (-77.2%), from €13,089 to €2,988
- Other operating charges -€2,196
down €2,196 (-71.2%), from €3,084 to €888
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 | €97,943 | €88,535 | -€9,409 | -9.6% |
| Formation expenses | 20 | €778 | €446 | -€332 | -42.7% |
| Fixed assets | 21/28 | €71,332 | €62,275 | -€9,057 | -12.7% |
| Tangible fixed assets | 22/27 | €71,332 | €62,275 | -€9,057 | -12.7% |
| Plant, machinery and equipment | 23 | €3,367 | €3,018 | -€349 | -10.4% |
| Furniture and vehicles | 24 | €5,532 | €5,124 | -€408 | -7.4% |
| Other tangible fixed assets | 26 | €62,434 | €54,134 | -€8,300 | -13.3% |
| Current assets | 29/58 | €25,833 | €25,814 | -€19 | -0.1% |
| Stocks and contracts in progress | 3 | €12,659 | €14,884 | +€2,226 | +17.6% |
| Stocks | 30/36 | €12,659 | €14,884 | +€2,226 | +17.6% |
| Amounts receivable within one year | 40/41 | €2,154 | €3,909 | +€1,756 | +81.5% |
| Trade receivables | 40 | €1,916 | €3,909 | +€1,993 | +104% |
| Other amounts receivable | 41 | €238 | €0 | -€238 | -100% |
| Cash at bank and in hand | 54/58 | €8,634 | €4,074 | -€4,560 | -52.8% |
| Deferred charges and accrued income | 490/1 | €2,387 | €2,946 | +€559 | +23.4% |
| Total equity and liabilities | 10/49 | €97,943 | €88,535 | -€9,409 | -9.6% |
| Equity | 10/15 | -€13,212 | -€12,958 | +€254 | +1.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,212 | -€17,958 | +€254 | +1.4% |
| Amounts payable | 17/49 | €111,156 | €101,493 | -€9,663 | -8.7% |
| Amounts payable after more than one year | 17 | €45,011 | €31,499 | -€13,512 | -30.0% |
| Financial debts | 170/4 | €45,011 | €31,499 | -€13,512 | -30.0% |
| Amounts payable within one year | 42/48 | €66,144 | €69,994 | +€3,850 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €15,785 | €16,560 | +€775 | +4.9% |
| Trade debts | 44 | €16,863 | €16,574 | -€289 | -1.7% |
| Suppliers | 440/4 | €16,863 | €16,574 | -€289 | -1.7% |
| Taxes, remuneration and social security | 45 | €30,465 | €33,642 | +€3,177 | +10.4% |
| Taxes | 450/3 | €9,660 | €10,910 | +€1,250 | +12.9% |
| Remuneration and social security | 454/9 | €20,804 | €22,732 | +€1,927 | +9.3% |
| Other amounts payable | 47/48 | €3,031 | €3,218 | +€187 | +6.2% |
| Remuneration, social security and pensions | 62 | €146,109 | €159,553 | +€13,443 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,840 | €11,398 | +€558 | +5.1% |
| Other operating charges | 640/8 | €3,084 | €888 | -€2,196 | -71.2% |
| Gross operating margin | 9900 | €154,825 | €175,078 | +€20,253 | +13.1% |
| Operating profit (loss) | 9901 | -€5,209 | €3,239 | +€8,448 | |
| Financial income | 75/76B | €28 | €3 | -€25 | -89.2% |
| Recurring financial income | 75 | €28 | €3 | -€25 | -89.2% |
| Financial charges | 65/66B | €13,089 | €2,988 | -€10,100 | -77.2% |
| Recurring financial charges | 65 | €13,089 | €2,988 | -€10,100 | -77.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,269 | €254 | +€18,523 | |
| Profit (loss) for the period | 9904 | -€18,269 | €254 | +€18,523 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,269 | €254 | +€18,523 |
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.