STE: 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.
STE
Largest movements
- Cash -€55,004
down €55,004 (-78.2%), from €70,341 to €15,337
mainly Trade debts (-€61,310) and Other debts (-€40,000)
- Receivables within one year -€17,727
down €17,727 (-11.5%), from €154,027 to €136,299
of which Other amounts receivable: -€10,719
- Tangible fixed assets -€7,173
down €7,173 (-30.0%), from €23,900 to €16,726
of which Furniture and vehicles: -€3,841
- Trade debts -€61,310
down €61,310 (-55.9%), from €109,669 to €48,359
- Other debts -€40,000
down €40,000 (-50.0%), from €80,000 to €40,000
- Profit (loss) carried forward +€23,626
up €23,626 (+55.0%), from €42,936 to €66,563
- Gross operating margin -€38,594
down €38,594 (-28.6%), from €134,708 to €96,115
- Financial charges -€3,684
down €3,684 (-43.9%), from €8,400 to €4,715
of which Non-recurring financial charges: -€6,487
- Taxes -€2,787
down €2,787 (-14.1%), from €19,722 to €16,935
- Other operating charges -€1,626
down €1,626 (-27.2%), from €5,974 to €4,348
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 | €253,071 | €175,327 | -€77,744 | -30.7% |
| Fixed assets | 21/28 | €24,094 | €16,921 | -€7,173 | -29.8% |
| Tangible fixed assets | 22/27 | €23,900 | €16,726 | -€7,173 | -30.0% |
| Plant, machinery and equipment | 23 | €11,977 | €9,364 | -€2,613 | -21.8% |
| Furniture and vehicles | 24 | €11,203 | €7,362 | -€3,841 | -34.3% |
| Other tangible fixed assets | 26 | €719 | - | -€719 | |
| Financial fixed assets | 28 | €194 | €194 | = | 0.0% |
| Current assets | 29/58 | €228,977 | €158,406 | -€70,571 | -30.8% |
| Amounts receivable within one year | 40/41 | €154,027 | €136,299 | -€17,727 | -11.5% |
| Trade receivables | 40 | €83,363 | €76,354 | -€7,009 | -8.4% |
| Other amounts receivable | 41 | €70,664 | €59,945 | -€10,719 | -15.2% |
| Cash at bank and in hand | 54/58 | €70,341 | €15,337 | -€55,004 | -78.2% |
| Deferred charges and accrued income | 490/1 | €4,609 | €6,770 | +€2,161 | +46.9% |
| Total equity and liabilities | 10/49 | €253,071 | €175,327 | -€77,744 | -30.7% |
| Equity | 10/15 | €63,341 | €86,968 | +€23,626 | +37.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,936 | €66,563 | +€23,626 | +55.0% |
| Amounts payable | 17/49 | €189,730 | €88,359 | -€101,370 | -53.4% |
| Amounts payable within one year | 42/48 | €189,730 | €88,359 | -€101,370 | -53.4% |
| Trade debts | 44 | €109,669 | €48,359 | -€61,310 | -55.9% |
| Suppliers | 440/4 | €109,669 | €48,359 | -€61,310 | -55.9% |
| Taxes, remuneration and social security | 45 | €60 | - | -€60 | |
| Taxes | 450/3 | €60 | - | -€60 | |
| Other amounts payable | 47/48 | €80,000 | €40,000 | -€40,000 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,120 | €9,273 | +€1,153 | +14.2% |
| Other operating charges | 640/8 | €5,974 | €4,348 | -€1,626 | -27.2% |
| Gross operating margin | 9900 | €134,708 | €96,115 | -€38,594 | -28.6% |
| Operating profit (loss) | 9901 | €120,614 | €82,493 | -€38,121 | -31.6% |
| Financial income | 75/76B | €2,572 | €2,783 | +€211 | +8.2% |
| Recurring financial income | 75 | €2,572 | €2,783 | +€211 | +8.2% |
| Financial charges | 65/66B | €8,400 | €4,715 | -€3,684 | -43.9% |
| Recurring financial charges | 65 | €1,912 | €4,715 | +€2,803 | +146.6% |
| Non-recurring financial charges | 66B | €6,487 | - | -€6,487 | |
| Profit (loss) for the period before taxes | 9903 | €114,787 | €80,561 | -€34,226 | -29.8% |
| Income taxes | 67/77 | €19,722 | €16,935 | -€2,787 | -14.1% |
| Profit (loss) for the period | 9904 | €95,065 | €63,626 | -€31,439 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €95,065 | €63,626 | -€31,439 | -33.1% |
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 11 October 2026 via checked.be.