STF Solutions: 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.
STF Solutions
Largest movements
- Deferred charges and accrued income -€87,225
no longer reported in 2025 (was €87,225)
- Stocks and contracts +€61,510
up €61,510 (+110.4%), from €55,722 to €117,232
- Receivables within one year -€20,343
down €20,343 (-15.9%), from €128,300 to €107,956
of which Other amounts receivable: -€98,795
- Tangible fixed assets -€10,565
down €10,565 (-3.0%), from €350,061 to €339,496
of which Land and buildings: -€11,682
- Trade debts -€118,625
down €118,625 (-23.8%), from €499,221 to €380,597
- Advances received +€73,001
new in 2025: €73,001
- Profit (loss) carried forward -€8,387
down €8,387 (-20.7%), from €40,448 to €32,061
- Gross operating margin +€45,494
up €45,494, from -€35,276 to €10,218
- Depreciation -€4,259
down €4,259 (-19.1%), from €22,301 to €18,041
- Financial income -€4,195
down €4,195 (-41.0%), from €10,222 to €6,027
- Other operating charges +€630
up €630 (+14.8%), from €4,254 to €4,885
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 | €678,415 | €626,242 | -€52,172 | -7.7% |
| Fixed assets | 21/28 | €350,061 | €339,496 | -€10,565 | -3.0% |
| Tangible fixed assets | 22/27 | €350,061 | €339,496 | -€10,565 | -3.0% |
| Land and buildings | 22 | €340,401 | €328,719 | -€11,682 | -3.4% |
| Plant, machinery and equipment | 23 | €1,277 | €201 | -€1,077 | -84.3% |
| Furniture and vehicles | 24 | €8,383 | €10,576 | +€2,194 | +26.2% |
| Current assets | 29/58 | €328,353 | €286,746 | -€41,607 | -12.7% |
| Stocks and contracts in progress | 3 | €55,722 | €117,232 | +€61,510 | +110.4% |
| Stocks | 30/36 | €55,722 | €117,232 | +€61,510 | +110.4% |
| Amounts receivable within one year | 40/41 | €128,300 | €107,956 | -€20,343 | -15.9% |
| Trade receivables | 40 | €2,545 | €80,997 | +€78,452 | +3082.1% |
| Other amounts receivable | 41 | €125,754 | €26,959 | -€98,795 | -78.6% |
| Cash at bank and in hand | 54/58 | €57,106 | €61,557 | +€4,451 | +7.8% |
| Deferred charges and accrued income | 490/1 | €87,225 | - | -€87,225 | |
| Total equity and liabilities | 10/49 | €678,415 | €626,242 | -€52,172 | -7.7% |
| Equity | 10/15 | €52,448 | €44,061 | -€8,387 | -16.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,448 | €32,061 | -€8,387 | -20.7% |
| Amounts payable | 17/49 | €625,967 | €582,181 | -€43,786 | -7.0% |
| Amounts payable after more than one year | 17 | €125,000 | €125,000 | = | 0.0% |
| Other amounts payable | 178/9 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €500,967 | €455,731 | -€45,236 | -9.0% |
| Trade debts | 44 | €499,221 | €380,597 | -€118,625 | -23.8% |
| Suppliers | 440/4 | €499,221 | €380,597 | -€118,625 | -23.8% |
| Advances received on contracts in progress | 46 | - | €73,001 | +€73,001 | |
| Taxes, remuneration and social security | 45 | €593 | €2,133 | +€1,540 | +259.5% |
| Taxes | 450/3 | €593 | €2,133 | +€1,540 | +259.5% |
| Other amounts payable | 47/48 | €1,152 | - | -€1,152 | |
| Accrued charges and deferred income | 492/3 | - | €1,450 | +€1,450 | |
| Non-recurring operating income | 76A | - | €7,466 | +€7,466 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,301 | €18,041 | -€4,259 | -19.1% |
| Other operating charges | 640/8 | €4,254 | €4,885 | +€630 | +14.8% |
| Gross operating margin | 9900 | -€35,276 | €10,218 | +€45,494 | |
| Operating profit (loss) | 9901 | -€61,831 | -€12,708 | +€49,123 | +79.4% |
| Financial income | 75/76B | €10,222 | €6,027 | -€4,195 | -41.0% |
| Recurring financial income | 75 | €10,222 | €6,027 | -€4,195 | -41.0% |
| Financial charges | 65/66B | €867 | €975 | +€109 | +12.5% |
| Recurring financial charges | 65 | €867 | €975 | +€109 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | -€52,476 | -€7,656 | +€44,819 | +85.4% |
| Income taxes | 67/77 | €593 | €730 | +€137 | +23.1% |
| Profit (loss) for the period | 9904 | -€53,069 | -€8,387 | +€44,683 | +84.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,069 | -€8,387 | +€44,683 | +84.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.