STD Consult: 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.
STD Consult
Largest movements
- Tangible fixed assets +€187,310
up €187,310 (+269.7%), from €69,461 to €256,771
of which Land and buildings: +€194,776
- Receivables within one year +€91,044
up €91,044 (+7621.0%), from €1,195 to €92,238
of which Other amounts receivable: +€85,890
- Cash -€39,528
down €39,528 (-52.9%), from €74,772 to €35,245
mainly Contributions, distributions and other (-€211,778) and Investment in fixed assets (net) (-€200,751)
- Receivables after one year -€24,665
down €24,665 (-73.0%), from €33,800 to €9,135
- Debts after one year +€157,185
up €157,185 (+3306.6%), from €4,754 to €161,939
- Other debts +€68,095
up €68,095, from €0 to €68,095
- Profit (loss) carried forward -€63,425
down €63,425 (-100.0%), from €63,425 to €0
- Short-term financial debts +€50,000
up €50,000 (+66.7%), from €75,000 to €125,000
- Current portion of long-term debt +€8,783
up €8,783 (+217.8%), from €4,032 to €12,815
- Gross operating margin -€14,700
down €14,700 (-6.3%), from €232,895 to €218,195
- Depreciation +€5,970
up €5,970 (+79.9%), from €7,471 to €13,441
- Other operating charges -€5,733
down €5,733 (-78.9%), from €7,268 to €1,535
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.
Cash bridge derived
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 | €185,428 | €402,361 | +€216,934 | +117.0% |
| Fixed assets | 21/28 | €75,661 | €262,971 | +€187,310 | +247.6% |
| Tangible fixed assets | 22/27 | €69,461 | €256,771 | +€187,310 | +269.7% |
| Land and buildings | 22 | - | €194,776 | +€194,776 | |
| Furniture and vehicles | 24 | €11,990 | €8,163 | -€3,827 | -31.9% |
| Other tangible fixed assets | 26 | €57,471 | €53,832 | -€3,639 | -6.3% |
| Financial fixed assets | 28 | €6,200 | €6,200 | = | 0.0% |
| Current assets | 29/58 | €109,767 | €139,390 | +€29,623 | +27.0% |
| Amounts receivable after more than one year | 29 | €33,800 | €9,135 | -€24,665 | -73.0% |
| Other amounts receivable | 291 | €33,800 | €9,135 | -€24,665 | -73.0% |
| Amounts receivable within one year | 40/41 | €1,195 | €92,238 | +€91,044 | +7621.0% |
| Trade receivables | 40 | €22 | €5,175 | +€5,153 | +23902.8% |
| Other amounts receivable | 41 | €1,173 | €87,063 | +€85,890 | +7321.7% |
| Cash at bank and in hand | 54/58 | €74,772 | €35,245 | -€39,528 | -52.9% |
| Deferred charges and accrued income | 490/1 | €0 | €2,772 | +€2,772 | |
| Total equity and liabilities | 10/49 | €185,428 | €402,361 | +€216,934 | +117.0% |
| Equity | 10/15 | €83,885 | €20,460 | -€63,425 | -75.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,425 | €0 | -€63,425 | -100.0% |
| Amounts payable | 17/49 | €101,543 | €381,901 | +€280,358 | +276.1% |
| Amounts payable after more than one year | 17 | €4,754 | €161,939 | +€157,185 | +3306.6% |
| Financial debts | 170/4 | €4,754 | €161,939 | +€157,185 | +3306.6% |
| Amounts payable within one year | 42/48 | €96,544 | €219,962 | +€123,418 | +127.8% |
| Current portion of amounts payable after more than one year | 42 | €4,032 | €12,815 | +€8,783 | +217.8% |
| Financial debts | 43 | €75,000 | €125,000 | +€50,000 | +66.7% |
| Other loans | 439 | €75,000 | €125,000 | +€50,000 | +66.7% |
| Trade debts | 44 | €2,798 | €1,942 | -€856 | -30.6% |
| Suppliers | 440/4 | €2,798 | €1,942 | -€856 | -30.6% |
| Taxes, remuneration and social security | 45 | €14,714 | €12,111 | -€2,603 | -17.7% |
| Taxes | 450/3 | €14,714 | €12,111 | -€2,603 | -17.7% |
| Other amounts payable | 47/48 | €0 | €68,095 | +€68,095 | |
| Accrued charges and deferred income | 492/3 | €245 | €0 | -€245 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,471 | €13,441 | +€5,970 | +79.9% |
| Other operating charges | 640/8 | €7,268 | €1,535 | -€5,733 | -78.9% |
| Gross operating margin | 9900 | €232,895 | €218,195 | -€14,700 | -6.3% |
| Operating profit (loss) | 9901 | €218,156 | €203,219 | -€14,937 | -6.8% |
| Financial income | 75/76B | €1,690 | €1,764 | +€74 | +4.4% |
| Recurring financial income | 75 | €1,690 | €1,764 | +€74 | +4.4% |
| Financial charges | 65/66B | €7,171 | €6,538 | -€633 | -8.8% |
| Recurring financial charges | 65 | €7,171 | €6,538 | -€633 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €212,675 | €198,445 | -€14,230 | -6.7% |
| Income taxes | 67/77 | €51,156 | €50,091 | -€1,065 | -2.1% |
| Profit (loss) for the period | 9904 | €161,519 | €148,354 | -€13,165 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €161,519 | €148,354 | -€13,165 | -8.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.