STD MANAGEMENT SRL: 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 MANAGEMENT SRL
Largest movements
- Receivables within one year -€3,721
down €3,721 (-4.8%), from €78,095 to €74,373
of which Other amounts receivable: -€6,648
- Tangible fixed assets -€3,517
down €3,517 (-59.3%), from €5,935 to €2,418
of which Furniture and vehicles: -€2,762
- Cash -€1,553
down €1,553 (-62.1%), from €2,503 to €949
mainly Net result for the year (-€10,710)
- Profit (loss) carried forward -€10,710
down €10,710 (-12.6%), from €84,866 to €74,156
- Trade debts +€929
up €929 (+59.9%), from €1,552 to €2,481
- Gross operating margin -€8,535
down €8,535, from €986 to -€7,549
- Depreciation -€7,315
down €7,315 (-67.5%), from €10,832 to €3,517
- Other operating charges -€569
down €569 (-29.3%), from €1,942 to €1,373
- Financial charges -€529
down €529 (-90.7%), from €583 to €54
- Financial income -€162
down €162 (-7.0%), from €2,301 to €2,140
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 | €87,686 | €77,993 | -€9,693 | -11.1% |
| Fixed assets | 21/28 | €6,091 | €2,418 | -€3,673 | -60.3% |
| Tangible fixed assets | 22/27 | €5,935 | €2,418 | -€3,517 | -59.3% |
| Plant, machinery and equipment | 23 | €90 | - | -€90 | |
| Furniture and vehicles | 24 | €3,839 | €1,077 | -€2,762 | -71.9% |
| Other tangible fixed assets | 26 | €2,006 | €1,340 | -€666 | -33.2% |
| Financial fixed assets | 28 | €156 | - | -€156 | |
| Current assets | 29/58 | €81,596 | €75,575 | -€6,020 | -7.4% |
| Amounts receivable within one year | 40/41 | €78,095 | €74,373 | -€3,721 | -4.8% |
| Trade receivables | 40 | €34,837 | €37,763 | +€2,926 | +8.4% |
| Other amounts receivable | 41 | €43,258 | €36,610 | -€6,648 | -15.4% |
| Cash at bank and in hand | 54/58 | €2,503 | €949 | -€1,553 | -62.1% |
| Deferred charges and accrued income | 490/1 | €998 | €253 | -€745 | -74.7% |
| Total equity and liabilities | 10/49 | €87,686 | €77,993 | -€9,693 | -11.1% |
| Equity | 10/15 | €85,866 | €75,156 | -€10,710 | -12.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,866 | €74,156 | -€10,710 | -12.6% |
| Amounts payable | 17/49 | €1,820 | €2,837 | +€1,017 | +55.9% |
| Amounts payable within one year | 42/48 | €1,820 | €2,837 | +€1,017 | +55.9% |
| Trade debts | 44 | €1,552 | €2,481 | +€929 | +59.9% |
| Suppliers | 440/4 | €1,552 | €2,481 | +€929 | +59.9% |
| Taxes, remuneration and social security | 45 | €269 | €357 | +€88 | +32.6% |
| Taxes | 450/3 | €269 | €357 | +€88 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,832 | €3,517 | -€7,315 | -67.5% |
| Other operating charges | 640/8 | €1,942 | €1,373 | -€569 | -29.3% |
| Gross operating margin | 9900 | €986 | -€7,549 | -€8,535 | |
| Operating profit (loss) | 9901 | -€11,788 | -€12,439 | -€652 | -5.5% |
| Financial income | 75/76B | €2,301 | €2,140 | -€162 | -7.0% |
| Recurring financial income | 75 | €2,301 | €2,140 | -€162 | -7.0% |
| Financial charges | 65/66B | €583 | €54 | -€529 | -90.7% |
| Recurring financial charges | 65 | €583 | €54 | -€529 | -90.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,070 | -€10,354 | -€284 | -2.8% |
| Income taxes | 67/77 | €269 | €357 | +€88 | +32.6% |
| Profit (loss) for the period | 9904 | -€10,338 | -€10,710 | -€372 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,338 | -€10,710 | -€372 | -3.6% |
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 8 October 2026 via checked.be.