STDS: 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.
STDS
Largest movements
- Cash -€1,521
down €1,521 (-64.8%), from €2,346 to €825
mainly Net result for the year (-€2,557) and Contributions, distributions and other (-€1)
- Tangible fixed assets -€869
down €869 (-76.3%), from €1,139 to €270
- Profit (loss) carried forward -€2,558
down €2,558 (-14.7%), from -€17,371 to -€19,929
- Turnover -€12,363
down €12,363 (-92.0%), from €13,432 to €1,069
- Purchases and services -€10,486
down €10,486 (-82.2%), from €12,754 to €2,268
- Gross operating margin -€1,877
down €1,877, from €678 to -€1,199
- Staff costs -€246
no longer reported in 2025 (was €246)
- Financial charges -€142
down €142 (-61.4%), from €231 to €89
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 | €22,280 | €19,722 | -€2,558 | -11.5% |
| Fixed assets | 21/28 | €1,139 | €270 | -€869 | -76.3% |
| Tangible fixed assets | 22/27 | €1,139 | €270 | -€869 | -76.3% |
| Plant, machinery and equipment | 23 | €1,139 | €270 | -€869 | -76.3% |
| Current assets | 29/58 | €21,141 | €19,452 | -€1,689 | -8.0% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Stocks and contracts in progress | 3 | €18,795 | €18,626 | -€169 | -0.9% |
| Stocks | 30/36 | €18,795 | €18,626 | -€169 | -0.9% |
| Cash at bank and in hand | 54/58 | €2,346 | €825 | -€1,521 | -64.8% |
| Total equity and liabilities | 10/49 | €22,280 | €19,722 | -€2,558 | -11.5% |
| Equity | 10/15 | €2,290 | -€268 | -€2,558 | |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Outside capital | 11 | €19,000 | €19,000 | = | 0.0% |
| Share premium | 1100/10 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €661 | €661 | = | 0.0% |
| Non-distributable reserves | 130/1 | €661 | €661 | = | 0.0% |
| Legal reserve | 130 | €661 | €661 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,371 | -€19,929 | -€2,558 | -14.7% |
| Amounts payable | 17/49 | €19,990 | €19,990 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,990 | €19,990 | = | 0.0% |
| Other amounts payable | 47/48 | €19,990 | €19,990 | = | 0.0% |
| Turnover | 70 | €13,432 | €1,069 | -€12,363 | -92.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €12,754 | €2,268 | -€10,486 | -82.2% |
| Remuneration, social security and pensions | 62 | €246 | - | -€246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €869 | €870 | +€1 | +0.1% |
| Other operating charges | 640/8 | €388 | €400 | +€12 | +3.0% |
| Gross operating margin | 9900 | €678 | -€1,199 | -€1,877 | |
| Operating profit (loss) | 9901 | -€825 | -€2,468 | -€1,643 | -199.2% |
| Financial charges | 65/66B | €231 | €89 | -€142 | -61.4% |
| Recurring financial charges | 65 | €231 | €89 | -€142 | -61.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,056 | -€2,557 | -€1,501 | -142.2% |
| Profit (loss) for the period | 9904 | -€1,056 | -€2,557 | -€1,501 | -142.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,056 | -€2,557 | -€1,501 | -142.2% |
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 30 September 2026 via checked.be.