STF CONSULTING: 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.
STF CONSULTING
Largest movements
- Stocks and contracts +€71,759
up €71,759 (+10.8%), from €664,995 to €736,754
- Tangible fixed assets -€42,087
down €42,087 (-3.9%), from €1.1m to €1.0m
of which Land and buildings: -€41,240
- Cash +€34,263
up €34,263 (+25.5%), from €134,133 to €168,396
mainly Net result for the year (+€271,110) and Current portion of long-term debt (+€66,769)
- Receivables within one year +€25,533
up €25,533 (+8.8%), from €290,973 to €316,507
of which Other amounts receivable: +€65,213
- Other debts -€283,022
down €283,022 (-36.6%), from €773,063 to €490,042
- Reserves +€271,110
up €271,110 (+63.4%), from €427,521 to €698,631
- Current portion of long-term debt +€66,769
up €66,769 (+127%), from €52,540 to €119,310
- Tax, wage and social debts +€28,905
up €28,905 (+18.6%), from €155,312 to €184,217
- Debts after one year +€24,092
up €24,092 (+3.3%), from €738,499 to €762,591
- Gross operating margin +€66,383
up €66,383 (+14.8%), from €447,387 to €513,770
- Taxes +€17,725
up €17,725 (+16.2%), from €109,290 to €127,016
- Financial charges +€17,556
up €17,556 (+47.7%), from €36,834 to €54,390
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 | €2,170,227 | €2,259,723 | +€89,496 | +4.1% |
| Fixed assets | 21/28 | €1,076,896 | €1,034,810 | -€42,087 | -3.9% |
| Tangible fixed assets | 22/27 | €1,076,896 | €1,034,810 | -€42,087 | -3.9% |
| Land and buildings | 22 | €1,033,035 | €991,794 | -€41,240 | -4.0% |
| Plant, machinery and equipment | 23 | €722 | €0 | -€722 | -100% |
| Furniture and vehicles | 24 | €43,140 | €43,015 | -€124 | -0.3% |
| Current assets | 29/58 | €1,093,331 | €1,224,913 | +€131,582 | +12.0% |
| Stocks and contracts in progress | 3 | €664,995 | €736,754 | +€71,759 | +10.8% |
| Stocks | 30/36 | €664,995 | €736,754 | +€71,759 | +10.8% |
| Amounts receivable within one year | 40/41 | €290,973 | €316,507 | +€25,533 | +8.8% |
| Trade receivables | 40 | €290,407 | €250,727 | -€39,680 | -13.7% |
| Other amounts receivable | 41 | €567 | €65,780 | +€65,213 | +11,503% |
| Cash at bank and in hand | 54/58 | €134,133 | €168,396 | +€34,263 | +25.5% |
| Deferred charges and accrued income | 490/1 | €3,229 | €3,256 | +€27 | +0.8% |
| Total equity and liabilities | 10/49 | €2,170,227 | €2,259,723 | +€89,496 | +4.1% |
| Equity | 10/15 | €430,521 | €701,631 | +€271,110 | +63.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €427,521 | €698,631 | +€271,110 | +63.4% |
| Distributable reserves | 133 | €427,521 | €698,631 | +€271,110 | +63.4% |
| Amounts payable | 17/49 | €1,739,706 | €1,558,092 | -€181,614 | -10.4% |
| Amounts payable after more than one year | 17 | €738,499 | €762,591 | +€24,092 | +3.3% |
| Financial debts | 170/4 | €738,499 | €762,591 | +€24,092 | +3.3% |
| Amounts payable within one year | 42/48 | €1,001,206 | €795,500 | -€205,706 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €52,540 | €119,310 | +€66,769 | +127% |
| Trade debts | 44 | €20,291 | €1,932 | -€18,359 | -90.5% |
| Suppliers | 440/4 | €20,291 | €1,932 | -€18,359 | -90.5% |
| Taxes, remuneration and social security | 45 | €155,312 | €184,217 | +€28,905 | +18.6% |
| Taxes | 450/3 | €155,312 | €184,217 | +€28,905 | +18.6% |
| Other amounts payable | 47/48 | €773,063 | €490,042 | -€283,022 | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,652 | €58,733 | +€80 | +0.1% |
| Other operating charges | 640/8 | €3,955 | €3,155 | -€800 | -20.2% |
| Gross operating margin | 9900 | €447,387 | €513,770 | +€66,383 | +14.8% |
| Operating profit (loss) | 9901 | €384,780 | €451,882 | +€67,102 | +17.4% |
| Financial income | 75/76B | - | €633 | +€633 | |
| Recurring financial income | 75 | - | €633 | +€633 | |
| Financial charges | 65/66B | €36,834 | €54,390 | +€17,556 | +47.7% |
| Recurring financial charges | 65 | €36,834 | €54,390 | +€17,556 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | €347,945 | €398,125 | +€50,180 | +14.4% |
| Income taxes | 67/77 | €109,290 | €127,016 | +€17,725 | +16.2% |
| Profit (loss) for the period | 9904 | €238,655 | €271,110 | +€32,454 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €238,655 | €271,110 | +€32,454 | +13.6% |
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 30 October 2026 via checked.be.