StG: what changed
What changed
StG
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€24,336
2024 · €63,235-€38,899
Equity
€460,624
2024 · €436,289+€24,336
Cash
€14,942
2024 · €220,461-€205,519
Balance sheet total
€1.8m
2024 · €1.5m+€330,649
Largest movements
Assets
- Tangible fixed assets +€418,967
up €418,967 (+133%), from €314,651 to €733,618
of which Leasing and similar rights: +€219,190
- Cash -€205,519
down €205,519 (-93.2%), from €220,461 to €14,942
mainly Investment in fixed assets (net) (-€581,723) and Trade debts (-€237,624)
- Stocks and contracts +€182,898
up €182,898 (+146%), from €125,400 to €308,298
- Receivables within one year -€78,552
down €78,552 (-9.9%), from €794,511 to €715,958
of which Trade receivables: -€48,466
Equity and liabilities
- Debts after one year +€350,471
up €350,471 (+239%), from €146,419 to €496,889
- Trade debts -€237,624
down €237,624 (-32.9%), from €723,228 to €485,604
- Short-term financial debts +€125,000
up €125,000 (+167%), from €75,000 to €200,000
- Current portion of long-term debt +€70,674
up €70,674 (+75.9%), from €93,116 to €163,790
- Reserves +€24,336
up €24,336 (+5.7%), from €423,689 to €448,024
Income statement
- Depreciation +€58,014
up €58,014 (+60.8%), from €95,471 to €153,486
- Staff costs -€31,176
down €31,176 (-52.2%), from €59,704 to €28,527
- Write-downs +€30,000
up €30,000, from -€30,000 to €0
- Gross operating margin +€18,448
up €18,448 (+8.0%), from €231,584 to €250,032
- Taxes -€16,862
down €16,862 (-77.6%), from €21,725 to €4,863
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€63,235
Gross operating margin
+€18,448
Staff costs
+€31,176
Depreciation
-€58,014
Write-downs
-€30,000
Other operating charges
-€6,063
Financial income
-€8,268
Financial charges
-€3,040
Taxes
+€16,862
Result 2025
€24,336
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€169,941
Investment
-€581,723
Financing
+€546,145
Cash 2024
€220,461
From operations (derived)
-€169,941
Net result for the year
+€24,336
Depreciation
+€153,486
Stocks and contracts
-€182,898
Receivables within one year
+€78,552
Deferred charges and accrued income
-€3,585
Trade debts
-€237,624
Tax, wage and social debts
-€7,257
Other debts
+€5,049
Investment (derived)
-€581,723
Investment in fixed assets (net)
-€581,723
Financing
+€546,145
Debts after one year
+€350,471
Current portion of long-term debt
+€70,674
Short-term financial debts
+€125,000
Cash 2025
€14,942
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,493,012 | €1,823,661 | +€330,649 | +22.1% |
| Fixed assets | 21/28 | €333,096 | €761,333 | +€428,237 | +129% |
| Intangible fixed assets | 21 | - | €6,181 | +€6,181 | |
| Tangible fixed assets | 22/27 | €314,651 | €733,618 | +€418,967 | +133% |
| Land and buildings | 22 | - | €89,600 | +€89,600 | |
| Plant, machinery and equipment | 23 | €60,561 | €47,696 | -€12,865 | -21.2% |
| Furniture and vehicles | 24 | €71,573 | €61,146 | -€10,427 | -14.6% |
| Leasing and similar rights | 25 | €182,518 | €401,708 | +€219,190 | +120% |
| Assets under construction and advance payments | 27 | - | €133,468 | +€133,468 | |
| Financial fixed assets | 28 | €18,445 | €21,534 | +€3,089 | +16.7% |
| Current assets | 29/58 | €1,159,916 | €1,062,328 | -€97,588 | -8.4% |
| Stocks and contracts in progress | 3 | €125,400 | €308,298 | +€182,898 | +146% |
| Contracts in progress | 37 | €125,400 | €308,298 | +€182,898 | +146% |
| Amounts receivable within one year | 40/41 | €794,511 | €715,958 | -€78,552 | -9.9% |
| Trade receivables | 40 | €631,384 | €582,918 | -€48,466 | -7.7% |
| Other amounts receivable | 41 | €163,126 | €133,040 | -€30,086 | -18.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €220,461 | €14,942 | -€205,519 | -93.2% |
| Deferred charges and accrued income | 490/1 | €19,545 | €23,130 | +€3,585 | +18.3% |
| Total equity and liabilities | 10/49 | €1,493,012 | €1,823,661 | +€330,649 | +22.1% |
| Equity | 10/15 | €436,289 | €460,624 | +€24,336 | +5.6% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €423,689 | €448,024 | +€24,336 | +5.7% |
| Distributable reserves | 133 | €423,689 | €448,024 | +€24,336 | +5.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,056,723 | €1,363,037 | +€306,313 | +29.0% |
| Amounts payable after more than one year | 17 | €146,419 | €496,889 | +€350,471 | +239% |
| Financial debts | 170/4 | €146,419 | €496,889 | +€350,471 | +239% |
| Amounts payable within one year | 42/48 | €910,305 | €866,147 | -€44,157 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €93,116 | €163,790 | +€70,674 | +75.9% |
| Financial debts | 43 | €75,000 | €200,000 | +€125,000 | +167% |
| Credit institutions | 430/8 | €75,000 | €200,000 | +€125,000 | +167% |
| Trade debts | 44 | €723,228 | €485,604 | -€237,624 | -32.9% |
| Suppliers | 440/4 | €723,228 | €485,604 | -€237,624 | -32.9% |
| Taxes, remuneration and social security | 45 | €18,961 | €11,704 | -€7,257 | -38.3% |
| Taxes | 450/3 | €10,047 | €2,892 | -€7,155 | -71.2% |
| Remuneration and social security | 454/9 | €8,914 | €8,812 | -€102 | -1.1% |
| Other amounts payable | 47/48 | - | €5,049 | +€5,049 | |
| Non-recurring operating income | 76A | - | €14,000 | +€14,000 | |
| Remuneration, social security and pensions | 62 | €59,704 | €28,527 | -€31,176 | -52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,471 | €153,486 | +€58,014 | +60.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€30,000 | €0 | +€30,000 | |
| Other operating charges | 640/8 | €7,176 | €13,238 | +€6,063 | +84.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €231,584 | €250,032 | +€18,448 | +8.0% |
| Operating profit (loss) | 9901 | €99,233 | €54,780 | -€44,453 | -44.8% |
| Financial income | 75/76B | €10,892 | €2,624 | -€8,268 | -75.9% |
| Recurring financial income | 75 | €10,892 | €2,624 | -€8,268 | -75.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €25,165 | €28,205 | +€3,040 | +12.1% |
| Recurring financial charges | 65 | €25,165 | €28,205 | +€3,040 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €84,960 | €29,199 | -€55,761 | -65.6% |
| Income taxes | 67/77 | €21,725 | €4,863 | -€16,862 | -77.6% |
| Profit (loss) for the period | 9904 | €63,235 | €24,336 | -€38,899 | -61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,235 | €24,336 | -€38,899 | -61.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.