STH Distribution: 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.
STH Distribution
Largest movements
- Stocks and contracts -€130,000
down €130,000 (-98.8%), from €131,575 to €1,575
- Receivables within one year +€97,118
up €97,118 (+29.4%), from €329,839 to €426,957
of which Trade receivables: +€92,403
- Cash +€11,804
up €11,804 (+17.9%), from €66,097 to €77,901
mainly Stocks and contracts (+€130,000) and Depreciation (+€43,675)
- Trade debts -€24,580
down €24,580 (-6.6%), from €372,867 to €348,287
- Turnover +€2.6m
new in 2024: €2.6m
- Purchases and services +€2.4m
new in 2024: €2.4m
- Gross operating margin +€45,315
up €45,315 (+30.3%), from €149,663 to €194,977
- Staff costs -€31,686
down €31,686 (-32.9%), from €96,173 to €64,487
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.
Cash bridge derived
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 | €670,945 | €650,909 | -€20,036 | -3.0% |
| Fixed assets | 21/28 | €143,435 | €144,477 | +€1,042 | +0.7% |
| Tangible fixed assets | 22/27 | €143,435 | €144,477 | +€1,042 | +0.7% |
| Plant, machinery and equipment | 23 | €1,745 | €487 | -€1,259 | -72.1% |
| Furniture and vehicles | 24 | €70,474 | €89,240 | +€18,766 | +26.6% |
| Other tangible fixed assets | 26 | €71,216 | €54,750 | -€16,465 | -23.1% |
| Current assets | 29/58 | €527,510 | €506,432 | -€21,078 | -4.0% |
| Stocks and contracts in progress | 3 | €131,575 | €1,575 | -€130,000 | -98.8% |
| Stocks | 30/36 | €131,575 | €1,575 | -€130,000 | -98.8% |
| Amounts receivable within one year | 40/41 | €329,839 | €426,957 | +€97,118 | +29.4% |
| Trade receivables | 40 | €329,839 | €422,242 | +€92,403 | +28.0% |
| Other amounts receivable | 41 | - | €4,715 | +€4,715 | |
| Cash at bank and in hand | 54/58 | €66,097 | €77,901 | +€11,804 | +17.9% |
| Total equity and liabilities | 10/49 | €670,945 | €650,909 | -€20,036 | -3.0% |
| Equity | 10/15 | €164,342 | €170,984 | +€6,642 | +4.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,342 | €120,984 | +€6,642 | +5.8% |
| Amounts payable | 17/49 | €506,603 | €479,925 | -€26,678 | -5.3% |
| Amounts payable within one year | 42/48 | €506,603 | €479,925 | -€26,678 | -5.3% |
| Trade debts | 44 | €372,867 | €348,287 | -€24,580 | -6.6% |
| Suppliers | 440/4 | €372,867 | €348,287 | -€24,580 | -6.6% |
| Taxes, remuneration and social security | 45 | €46,198 | €40,220 | -€5,978 | -12.9% |
| Taxes | 450/3 | €11,950 | €6,301 | -€5,649 | -47.3% |
| Remuneration and social security | 454/9 | €34,248 | €33,919 | -€329 | -1.0% |
| Other amounts payable | 47/48 | €87,538 | €91,418 | +€3,880 | +4.4% |
| Turnover | 70 | - | €2,593,250 | +€2.6m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €2,401,362 | +€2.4m | |
| Remuneration, social security and pensions | 62 | €96,173 | €64,487 | -€31,686 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,662 | €43,675 | +€15,014 | +52.4% |
| Other operating charges | 640/8 | €14,581 | €7,431 | -€7,150 | -49.0% |
| Non-recurring operating charges | 66A | - | €64,273 | +€64,273 | |
| Gross operating margin | 9900 | €149,663 | €194,977 | +€45,315 | +30.3% |
| Operating profit (loss) | 9901 | €10,247 | €15,112 | +€4,865 | +47.5% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €846 | €5,455 | +€4,608 | +544.4% |
| Recurring financial charges | 65 | €846 | €5,455 | +€4,608 | +544.4% |
| Profit (loss) for the period before taxes | 9903 | €9,403 | €9,657 | +€254 | +2.7% |
| Income taxes | 67/77 | €9,258 | €3,015 | -€6,243 | -67.4% |
| Profit (loss) for the period | 9904 | €145 | €6,642 | +€6,497 | +4466.3% |
| Profit (loss) for the period to be appropriated | 9905 | €145 | €6,642 | +€6,497 | +4466.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.