STF-TRADE: 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-TRADE
Largest movements
- Receivables within one year -€22,181
down €22,181 (-44.1%), from €50,315 to €28,134
of which Trade receivables: -€29,245
- Cash +€6,177
up €6,177 (+370.1%), from €1,669 to €7,846
mainly Tax, wage and social debts (+€24,580) and Receivables within one year (+€22,181)
- Tangible fixed assets +€1,025
new in 2025: €1,025
- Advances received -€34,590
down €34,590 (-55.9%), from €61,921 to €27,331
- Tax, wage and social debts +€24,580
up €24,580 (+155.6%), from €15,802 to €40,382
- Other debts -€10,772
down €10,772 (-31.7%), from €34,022 to €23,250
- Trade debts +€4,839
up €4,839 (+6514.1%), from €74 to €4,913
- Profit (loss) carried forward +€1,353
up €1,353 (+2.1%), from -€63,336 to -€61,982
- Financial charges +€7,358
up €7,358 (+206.7%), from €3,560 to €10,918
- Other operating charges +€3,020
up €3,020 (+36.3%), from €8,328 to €11,348
- Gross operating margin +€2,182
up €2,182 (+10.1%), from €21,610 to €23,792
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 | €53,484 | €38,894 | -€14,590 | -27.3% |
| Fixed assets | 21/28 | €1,500 | €2,525 | +€1,025 | +68.4% |
| Tangible fixed assets | 22/27 | - | €1,025 | +€1,025 | |
| Furniture and vehicles | 24 | - | €1,025 | +€1,025 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €51,984 | €36,369 | -€15,615 | -30.0% |
| Amounts receivable within one year | 40/41 | €50,315 | €28,134 | -€22,181 | -44.1% |
| Trade receivables | 40 | €50,209 | €20,964 | -€29,245 | -58.2% |
| Other amounts receivable | 41 | €106 | €7,170 | +€7,064 | +6677.2% |
| Cash at bank and in hand | 54/58 | €1,669 | €7,846 | +€6,177 | +370.1% |
| Deferred charges and accrued income | 490/1 | - | €389 | +€389 | |
| Total equity and liabilities | 10/49 | €53,484 | €38,894 | -€14,590 | -27.3% |
| Equity | 10/15 | -€58,336 | -€56,982 | +€1,353 | +2.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,336 | -€61,982 | +€1,353 | +2.1% |
| Amounts payable | 17/49 | €111,820 | €95,876 | -€15,943 | -14.3% |
| Amounts payable within one year | 42/48 | €111,820 | €95,876 | -€15,943 | -14.3% |
| Trade debts | 44 | €74 | €4,913 | +€4,839 | +6514.1% |
| Suppliers | 440/4 | €74 | €4,913 | +€4,839 | +6514.1% |
| Advances received on contracts in progress | 46 | €61,921 | €27,331 | -€34,590 | -55.9% |
| Taxes, remuneration and social security | 45 | €15,802 | €40,382 | +€24,580 | +155.6% |
| Taxes | 450/3 | €15,802 | €40,382 | +€24,580 | +155.6% |
| Other amounts payable | 47/48 | €34,022 | €23,250 | -€10,772 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €172 | +€172 | |
| Other operating charges | 640/8 | €8,328 | €11,348 | +€3,020 | +36.3% |
| Gross operating margin | 9900 | €21,610 | €23,792 | +€2,182 | +10.1% |
| Operating profit (loss) | 9901 | €13,283 | €12,272 | -€1,011 | -7.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €3,560 | €10,918 | +€7,358 | +206.7% |
| Recurring financial charges | 65 | €3,560 | €10,918 | +€7,358 | +206.7% |
| Profit (loss) for the period before taxes | 9903 | €9,723 | €1,353 | -€8,369 | -86.1% |
| Profit (loss) for the period | 9904 | €9,723 | €1,353 | -€8,369 | -86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,723 | €1,353 | -€8,369 | -86.1% |
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 12 October 2026 via checked.be.