STH Couvin: 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.
STH Couvin
Largest movements
- Tangible fixed assets +€13,235
up €13,235 (+32.1%), from €41,258 to €54,493
of which Furniture and vehicles: +€10,634
- Cash +€12,484
up €12,484 (+28.5%), from €43,873 to €56,357
mainly Net result for the year (+€32,956) and Tax, wage and social debts (+€18,462)
- Stocks and contracts +€2,659
up €2,659 (+42.2%), from €6,300 to €8,960
- Profit (loss) carried forward +€32,956
up €32,956 (+125%), from €26,397 to €59,352
- Tax, wage and social debts +€18,462
up €18,462 (+63.2%), from €29,197 to €47,660
of which Remuneration and social security: +€13,956
- Trade debts -€17,696
down €17,696 (-75.4%), from €23,459 to €5,764
- Debts after one year -€5,429
down €5,429 (-25.4%), from €21,357 to €15,928
- Other debts -€1,781
no longer reported in 2024 (was €1,781)
- Staff costs +€47,310
up €47,310 (+119%), from €39,847 to €87,156
- Gross operating margin +€41,328
up €41,328 (+34.2%), from €120,684 to €162,012
- Taxes +€7,425
up €7,425 (+251%), from €2,953 to €10,377
- Depreciation +€5,688
up €5,688 (+97.2%), from €5,851 to €11,540
- Other operating charges -€3,657
down €3,657 (-18.8%), from €19,436 to €15,779
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,250 | €135,132 | +€26,882 | +24.8% |
| Fixed assets | 21/28 | €52,920 | €65,329 | +€12,409 | +23.4% |
| Intangible fixed assets | 21 | €6,543 | €5,716 | -€826 | -12.6% |
| Tangible fixed assets | 22/27 | €41,258 | €54,493 | +€13,235 | +32.1% |
| Plant, machinery and equipment | 23 | €1,891 | €4,493 | +€2,602 | +138% |
| Furniture and vehicles | 24 | €39,367 | €50,000 | +€10,634 | +27.0% |
| Financial fixed assets | 28 | €5,120 | €5,120 | = | 0.0% |
| Current assets | 29/58 | €55,330 | €69,803 | +€14,473 | +26.2% |
| Stocks and contracts in progress | 3 | €6,300 | €8,960 | +€2,659 | +42.2% |
| Stocks | 30/36 | €6,300 | €8,960 | +€2,659 | +42.2% |
| Amounts receivable within one year | 40/41 | €5,157 | €4,487 | -€670 | -13.0% |
| Trade receivables | 40 | €2,247 | €169 | -€2,078 | -92.5% |
| Other amounts receivable | 41 | €2,910 | €4,318 | +€1,408 | +48.4% |
| Cash at bank and in hand | 54/58 | €43,873 | €56,357 | +€12,484 | +28.5% |
| Total equity and liabilities | 10/49 | €108,250 | €135,132 | +€26,882 | +24.8% |
| Equity | 10/15 | €27,397 | €60,352 | +€32,956 | +120% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,397 | €59,352 | +€32,956 | +125% |
| Amounts payable | 17/49 | €80,854 | €74,780 | -€6,074 | -7.5% |
| Amounts payable after more than one year | 17 | €21,357 | €15,928 | -€5,429 | -25.4% |
| Financial debts | 170/4 | €21,357 | €15,928 | -€5,429 | -25.4% |
| Amounts payable within one year | 42/48 | €59,497 | €58,852 | -€645 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €5,060 | €5,429 | +€369 | +7.3% |
| Trade debts | 44 | €23,459 | €5,764 | -€17,696 | -75.4% |
| Suppliers | 440/4 | €23,459 | €5,764 | -€17,696 | -75.4% |
| Taxes, remuneration and social security | 45 | €29,197 | €47,660 | +€18,462 | +63.2% |
| Taxes | 450/3 | €19,090 | €23,596 | +€4,507 | +23.6% |
| Remuneration and social security | 454/9 | €10,108 | €24,063 | +€13,956 | +138% |
| Other amounts payable | 47/48 | €1,781 | - | -€1,781 | |
| Remuneration, social security and pensions | 62 | €39,847 | €87,156 | +€47,310 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,851 | €11,540 | +€5,688 | +97.2% |
| Other operating charges | 640/8 | €19,436 | €15,779 | -€3,657 | -18.8% |
| Gross operating margin | 9900 | €120,684 | €162,012 | +€41,328 | +34.2% |
| Operating profit (loss) | 9901 | €55,550 | €47,537 | -€8,013 | -14.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,800% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,800% |
| Financial charges | 65/66B | €2,544 | €4,205 | +€1,661 | +65.3% |
| Recurring financial charges | 65 | €2,544 | €4,205 | +€1,661 | +65.3% |
| Profit (loss) for the period before taxes | 9903 | €53,006 | €43,333 | -€9,673 | -18.2% |
| Income taxes | 67/77 | €2,953 | €10,377 | +€7,425 | +251% |
| Profit (loss) for the period | 9904 | €50,053 | €32,956 | -€17,098 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,053 | €32,956 | -€17,098 | -34.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.