STD Limburg: 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.
STD Limburg
Largest movements
- Cash +€58,844
up €58,844 (+1,702%), from €3,457 to €62,301
mainly Net result for the year (+€35,989) and Tax, wage and social debts (+€13,847)
- Financial fixed assets +€4,680
up €4,680 (+80.0%), from €5,850 to €10,530
- Tangible fixed assets -€2,348
down €2,348 (-17.2%), from €13,673 to €11,325
of which Plant, machinery and equipment: -€2,110
- Receivables within one year -€1,111
down €1,111 (-42.6%), from €2,605 to €1,494
- Reserves +€33,507
up €33,507 (+1,801%), from €1,860 to €35,367
of which Distributable reserves: +€33,507
- Tax, wage and social debts +€13,847
up €13,847 (+1,032%), from €1,342 to €15,189
- Other debts +€8,638
up €8,638 (+94.5%), from €9,136 to €17,774
- Profit (loss) carried forward +€2,482
no longer reported in 2025 (was -€2,482)
- Trade debts +€1,425
up €1,425 (+84.0%), from €1,697 to €3,122
- Gross operating margin +€48,572
up €48,572 (+622%), from €7,805 to €56,376
- Taxes +€13,612
up €13,612 (+7,966%), from €171 to €13,783
- Staff costs -€794
no longer reported in 2025 (was €794)
- Depreciation -€719
down €719 (-11.8%), from €6,065 to €5,346
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 | €30,153 | €90,053 | +€59,899 | +199% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €19,914 | €21,855 | +€1,940 | +9.7% |
| Intangible fixed assets | 21 | €391 | - | -€391 | |
| Tangible fixed assets | 22/27 | €13,673 | €11,325 | -€2,348 | -17.2% |
| Plant, machinery and equipment | 23 | €7,170 | €5,060 | -€2,110 | -29.4% |
| Furniture and vehicles | 24 | €5,503 | €5,915 | +€411 | +7.5% |
| Other tangible fixed assets | 26 | €1,000 | €350 | -€650 | -65.0% |
| Financial fixed assets | 28 | €5,850 | €10,530 | +€4,680 | +80.0% |
| Current assets | 29/58 | €10,239 | €68,198 | +€57,959 | +566% |
| Amounts receivable within one year | 40/41 | €2,605 | €1,494 | -€1,111 | -42.6% |
| Other amounts receivable | 41 | €2,605 | €1,494 | -€1,111 | -42.6% |
| Current investments | 50/53 | €3,612 | €3,612 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,457 | €62,301 | +€58,844 | +1,702% |
| Deferred charges and accrued income | 490/1 | €565 | €792 | +€226 | +40.0% |
| Total equity and liabilities | 10/49 | €30,153 | €90,053 | +€59,899 | +199% |
| Equity | 10/15 | €17,978 | €53,967 | +€35,989 | +200% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €35,367 | +€33,507 | +1,801% |
| 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 | - | €33,507 | +€33,507 | |
| Profit (loss) carried forward | 14 | -€2,482 | - | +€2,482 | |
| Amounts payable | 17/49 | €12,175 | €36,085 | +€23,910 | +196% |
| Amounts payable within one year | 42/48 | €12,175 | €36,085 | +€23,910 | +196% |
| Trade debts | 44 | €1,697 | €3,122 | +€1,425 | +84.0% |
| Suppliers | 440/4 | €1,697 | €3,122 | +€1,425 | +84.0% |
| Taxes, remuneration and social security | 45 | €1,342 | €15,189 | +€13,847 | +1,032% |
| Taxes | 450/3 | €1,342 | €15,189 | +€13,847 | +1,032% |
| Other amounts payable | 47/48 | €9,136 | €17,774 | +€8,638 | +94.5% |
| Remuneration, social security and pensions | 62 | €794 | - | -€794 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,065 | €5,346 | -€719 | -11.8% |
| Other operating charges | 640/8 | €576 | €462 | -€114 | -19.8% |
| Gross operating margin | 9900 | €7,805 | €56,376 | +€48,572 | +622% |
| Operating profit (loss) | 9901 | €370 | €50,568 | +€50,198 | +13,562% |
| Financial charges | 65/66B | €242 | €797 | +€555 | +230% |
| Recurring financial charges | 65 | €242 | €797 | +€555 | +230% |
| Profit (loss) for the period before taxes | 9903 | €129 | €49,772 | +€49,643 | +38,591% |
| Income taxes | 67/77 | €171 | €13,783 | +€13,612 | +7,966% |
| Profit (loss) for the period | 9904 | -€42 | €35,989 | +€36,031 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42 | €35,989 | +€36,031 |
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.