STDA: 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.
STDA
Largest movements
- Receivables within one year +€32,275
up €32,275 (+1018.5%), from €3,169 to €35,443
of which Trade receivables: +€34,485
- Stocks and contracts -€22,421
down €22,421 (-51.4%), from €43,600 to €21,179
- Tangible fixed assets -€14,914
down €14,914 (-34.6%), from €43,057 to €28,144
- Cash +€9,716
up €9,716 (+11.2%), from €86,364 to €96,080
mainly Net result for the year (+€38,569) and Other debts (+€33,392)
- Receivables after one year +€3,000
new in 2025: €3,000
- Other debts +€33,392
up €33,392 (+112.9%), from €29,584 to €62,976
- Reserves -€19,372
down €19,372 (-17.8%), from €108,940 to €89,568
- Debts after one year -€9,066
down €9,066 (-53.4%), from €16,964 to €7,898
- Gross operating margin -€29,681
down €29,681 (-29.3%), from €101,221 to €71,540
- Taxes -€13,010
down €13,010 (-48.0%), from €27,113 to €14,102
- Depreciation +€5,030
up €5,030 (+50.9%), from €9,884 to €14,914
- Financial charges -€1,088
down €1,088 (-28.2%), from €3,861 to €2,773
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 | €179,026 | €186,115 | +€7,089 | +4.0% |
| Fixed assets | 21/28 | €43,057 | €28,144 | -€14,914 | -34.6% |
| Tangible fixed assets | 22/27 | €43,057 | €28,144 | -€14,914 | -34.6% |
| Furniture and vehicles | 24 | €43,057 | €28,144 | -€14,914 | -34.6% |
| Current assets | 29/58 | €135,968 | €157,972 | +€22,003 | +16.2% |
| Amounts receivable after more than one year | 29 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 291 | - | €3,000 | +€3,000 | |
| Stocks and contracts in progress | 3 | €43,600 | €21,179 | -€22,421 | -51.4% |
| Stocks | 30/36 | €43,600 | €21,179 | -€22,421 | -51.4% |
| Amounts receivable within one year | 40/41 | €3,169 | €35,443 | +€32,275 | +1018.5% |
| Trade receivables | 40 | €0 | €34,485 | +€34,485 | |
| Other amounts receivable | 41 | €3,169 | €958 | -€2,210 | -69.8% |
| Cash at bank and in hand | 54/58 | €86,364 | €96,080 | +€9,716 | +11.2% |
| Deferred charges and accrued income | 490/1 | €2,836 | €2,269 | -€566 | -20.0% |
| Total equity and liabilities | 10/49 | €179,026 | €186,115 | +€7,089 | +4.0% |
| Equity | 10/15 | €120,825 | €101,453 | -€19,372 | -16.0% |
| Contributions | 10/11 | €11,885 | €11,885 | = | 0.0% |
| Reserves | 13 | €108,940 | €89,568 | -€19,372 | -17.8% |
| Distributable reserves | 133 | €108,940 | €89,568 | -€19,372 | -17.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €58,201 | €84,662 | +€26,461 | +45.5% |
| Amounts payable after more than one year | 17 | €16,964 | €7,898 | -€9,066 | -53.4% |
| Financial debts | 170/4 | €16,964 | €7,898 | -€9,066 | -53.4% |
| Amounts payable within one year | 42/48 | €40,637 | €75,356 | +€34,719 | +85.4% |
| Current portion of amounts payable after more than one year | 42 | €8,637 | €9,066 | +€429 | +5.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,386 | €1,530 | +€144 | +10.4% |
| Suppliers | 440/4 | €1,386 | €1,530 | +€144 | +10.4% |
| Taxes, remuneration and social security | 45 | €1,030 | €1,784 | +€754 | +73.2% |
| Taxes | 450/3 | €125 | €879 | +€754 | +603.4% |
| Remuneration and social security | 454/9 | €905 | €905 | = | 0.0% |
| Other amounts payable | 47/48 | €29,584 | €62,976 | +€33,392 | +112.9% |
| Accrued charges and deferred income | 492/3 | €600 | €1,408 | +€808 | +134.6% |
| Non-recurring operating income | 76A | €15,158 | €0 | -€15,158 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,884 | €14,914 | +€5,030 | +50.9% |
| Other operating charges | 640/8 | €1,364 | €1,187 | -€178 | -13.0% |
| Gross operating margin | 9900 | €101,221 | €71,540 | -€29,681 | -29.3% |
| Operating profit (loss) | 9901 | €89,973 | €55,439 | -€34,533 | -38.4% |
| Financial income | 75/76B | €3 | €5 | +€1 | +42.2% |
| Recurring financial income | 75 | €3 | €5 | +€1 | +42.2% |
| Financial charges | 65/66B | €3,861 | €2,773 | -€1,088 | -28.2% |
| Recurring financial charges | 65 | €3,861 | €2,773 | -€1,088 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €86,115 | €52,671 | -€33,444 | -38.8% |
| Income taxes | 67/77 | €27,113 | €14,102 | -€13,010 | -48.0% |
| Profit (loss) for the period | 9904 | €59,002 | €38,569 | -€20,433 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,002 | €38,569 | -€20,433 | -34.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.