STHOMAS: 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.
STHOMAS
Largest movements
- Cash +€26,392
up €26,392 (+13.4%), from €196,629 to €223,021
mainly Net result for the year (+€116,567) and Other debts (+€34,580)
- Receivables within one year +€3,070
up €3,070 (+25.7%), from €11,930 to €15,000
- Other debts +€34,580
up €34,580 (+25.1%), from €137,727 to €172,307
- Tax, wage and social debts -€7,642
down €7,642 (-64.5%), from €11,842 to €4,200
- Financial charges +€30,172
up €30,172 (+47.1%), from €64,036 to €94,208
- Taxes -€17,947
down €17,947 (-44.0%), from €40,762 to €22,815
- Gross operating margin -€6,255
down €6,255 (-2.5%), from €245,306 to €239,051
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 | €269,974 | €297,693 | +€27,719 | +10.3% |
| Fixed assets | 21/28 | €20,160 | €18,377 | -€1,783 | -8.8% |
| Tangible fixed assets | 22/27 | €20,160 | €18,377 | -€1,783 | -8.8% |
| Plant, machinery and equipment | 23 | €8,083 | €7,010 | -€1,073 | -13.3% |
| Furniture and vehicles | 24 | €12,076 | €11,366 | -€710 | -5.9% |
| Current assets | 29/58 | €249,814 | €279,317 | +€29,502 | +11.8% |
| Amounts receivable within one year | 40/41 | €11,930 | €15,000 | +€3,070 | +25.7% |
| Other amounts receivable | 41 | €11,930 | €15,000 | +€3,070 | +25.7% |
| Cash at bank and in hand | 54/58 | €196,629 | €223,021 | +€26,392 | +13.4% |
| Deferred charges and accrued income | 490/1 | €41,255 | €41,296 | +€41 | +0.1% |
| Total equity and liabilities | 10/49 | €269,974 | €297,693 | +€27,719 | +10.3% |
| Equity | 10/15 | €119,620 | €121,187 | +€1,567 | +1.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €116,620 | €116,620 | = | 0.0% |
| Distributable reserves | 133 | €116,620 | €116,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,567 | +€1,567 | |
| Amounts payable | 17/49 | €150,354 | €176,507 | +€26,153 | +17.4% |
| Amounts payable within one year | 42/48 | €150,354 | €176,507 | +€26,153 | +17.4% |
| Trade debts | 44 | €785 | - | -€785 | |
| Suppliers | 440/4 | €785 | - | -€785 | |
| Taxes, remuneration and social security | 45 | €11,842 | €4,200 | -€7,642 | -64.5% |
| Taxes | 450/3 | €11,842 | €4,200 | -€7,642 | -64.5% |
| Other amounts payable | 47/48 | €137,727 | €172,307 | +€34,580 | +25.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €142,885 | €144,022 | +€1,137 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,781 | €4,639 | -€142 | -3.0% |
| Other operating charges | 640/8 | - | €822 | +€822 | |
| Gross operating margin | 9900 | €245,306 | €239,051 | -€6,255 | -2.5% |
| Operating profit (loss) | 9901 | €240,525 | €233,590 | -€6,935 | -2.9% |
| Financial income | 75/76B | €2,000 | - | -€2,000 | |
| Recurring financial income | 75 | €2,000 | - | -€2,000 | |
| Financial charges | 65/66B | €64,036 | €94,208 | +€30,172 | +47.1% |
| Recurring financial charges | 65 | €64,036 | €94,208 | +€30,172 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | €178,489 | €139,381 | -€39,108 | -21.9% |
| Income taxes | 67/77 | €40,762 | €22,815 | -€17,947 | -44.0% |
| Profit (loss) for the period | 9904 | €137,727 | €116,567 | -€21,160 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €137,727 | €116,567 | -€21,160 | -15.4% |
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 11 October 2026 via checked.be.