STHR: 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.
STHR
Largest movements
- Current investments +€55,000
new in 2025: €55,000
- Receivables within one year +€17,521
up €17,521 (+706.7%), from €2,479 to €20,000
- Cash +€6,471
up €6,471 (+1294.2%), from €500 to €6,971
mainly Net result for the year (+€60,734) and Tax, wage and social debts (+€20,618)
- Tangible fixed assets +€1,812
new in 2025: €1,812
- Profit (loss) carried forward +€60,734
up €60,734 (+6394.1%), from €950 to €61,683
- Tax, wage and social debts +€20,618
up €20,618 (+6512.2%), from €317 to €20,935
- Trade debts -€1,213
no longer reported in 2025 (was €1,213)
- Gross operating margin +€73,652
up €73,652 (+2970.6%), from €2,479 to €76,131
- Taxes +€14,958
up €14,958 (+4724.3%), from €317 to €15,274
- Depreciation -€1,083
down €1,083 (-89.3%), from €1,213 to €129
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 | €2,979 | €83,783 | +€80,803 | +2712.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | - | €1,812 | +€1,812 | |
| Tangible fixed assets | 22/27 | - | €1,812 | +€1,812 | |
| Furniture and vehicles | 24 | - | €1,812 | +€1,812 | |
| Current assets | 29/58 | €2,979 | €81,971 | +€78,991 | +2651.3% |
| Amounts receivable within one year | 40/41 | €2,479 | €20,000 | +€17,521 | +706.7% |
| Trade receivables | 40 | €2,479 | €20,000 | +€17,521 | +706.7% |
| Current investments | 50/53 | - | €55,000 | +€55,000 | |
| Cash at bank and in hand | 54/58 | €500 | €6,971 | +€6,471 | +1294.2% |
| Total equity and liabilities | 10/49 | €2,979 | €83,783 | +€80,803 | +2712.1% |
| Equity | 10/15 | €1,450 | €62,183 | +€60,734 | +4189.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €950 | €61,683 | +€60,734 | +6394.1% |
| Amounts payable | 17/49 | €1,530 | €21,599 | +€20,070 | +1312.2% |
| Amounts payable within one year | 42/48 | €1,530 | €21,599 | +€20,070 | +1312.2% |
| Trade debts | 44 | €1,213 | - | -€1,213 | |
| Suppliers | 440/4 | €1,213 | - | -€1,213 | |
| Taxes, remuneration and social security | 45 | €317 | €20,935 | +€20,618 | +6512.2% |
| Taxes | 450/3 | €317 | €20,935 | +€20,618 | +6512.2% |
| Other amounts payable | 47/48 | - | €664 | +€664 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,213 | €129 | -€1,083 | -89.3% |
| Gross operating margin | 9900 | €2,479 | €76,131 | +€73,652 | +2970.6% |
| Operating profit (loss) | 9901 | €1,266 | €76,002 | +€74,735 | +5901.1% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Profit (loss) for the period before taxes | 9903 | €1,266 | €76,008 | +€74,741 | +5901.6% |
| Income taxes | 67/77 | €317 | €15,274 | +€14,958 | +4724.3% |
| Profit (loss) for the period | 9904 | €950 | €60,734 | +€59,784 | +6294.1% |
| Profit (loss) for the period to be appropriated | 9905 | €950 | €60,734 | +€59,784 | +6294.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.