STI: 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.
STI
Largest movements
- Tangible fixed assets +€65,036
up €65,036 (+118.1%), from €55,075 to €120,111
of which Furniture and vehicles: +€71,615
- Cash -€26,121
down €26,121 (-63.6%), from €41,078 to €14,957
mainly Investment in fixed assets (net) (-€96,327) and Net result for the year (-€42,882)
- Receivables within one year -€9,092
down €9,092 (-26.9%), from €33,852 to €24,760
- Debts after one year +€79,408
up €79,408 (+189.2%), from €41,966 to €121,374
- Profit (loss) carried forward -€42,882
down €42,882 (-96.7%), from €44,347 to €1,465
- Trade debts -€3,092
down €3,092 (-53.4%), from €5,787 to €2,695
- Tax, wage and social debts -€3,092
down €3,092 (-46.4%), from €6,660 to €3,568
- Turnover -€51,892
down €51,892 (-28.9%), from €179,440 to €127,548
- Purchases and services -€48,809
down €48,809 (-26.5%), from €183,935 to €135,126
- Depreciation +€12,135
up €12,135 (+63.3%), from €19,156 to €31,291
- Taxes -€3,376
down €3,376 (-74.4%), from €4,536 to €1,160
- Gross operating margin -€3,083
down €3,083 (-68.6%), from -€4,495 to -€7,578
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,005 | €161,179 | +€31,174 | +24.0% |
| Fixed assets | 21/28 | €55,075 | €120,111 | +€65,036 | +118.1% |
| Tangible fixed assets | 22/27 | €55,075 | €120,111 | +€65,036 | +118.1% |
| Plant, machinery and equipment | 23 | €12,547 | €5,968 | -€6,579 | -52.4% |
| Furniture and vehicles | 24 | €42,528 | €114,143 | +€71,615 | +168.4% |
| Current assets | 29/58 | €74,930 | €41,068 | -€33,862 | -45.2% |
| Amounts receivable within one year | 40/41 | €33,852 | €24,760 | -€9,092 | -26.9% |
| Trade receivables | 40 | €33,852 | €24,760 | -€9,092 | -26.9% |
| Cash at bank and in hand | 54/58 | €41,078 | €14,957 | -€26,121 | -63.6% |
| Deferred charges and accrued income | 490/1 | - | €1,351 | +€1,351 | |
| Total equity and liabilities | 10/49 | €130,005 | €161,179 | +€31,174 | +24.0% |
| Equity | 10/15 | €56,747 | €13,865 | -€42,882 | -75.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,347 | €1,465 | -€42,882 | -96.7% |
| Amounts payable | 17/49 | €73,258 | €147,314 | +€74,056 | +101.1% |
| Amounts payable after more than one year | 17 | €41,966 | €121,374 | +€79,408 | +189.2% |
| Financial debts | 170/4 | €41,966 | €121,374 | +€79,408 | +189.2% |
| Amounts payable within one year | 42/48 | €31,292 | €25,940 | -€5,352 | -17.1% |
| Trade debts | 44 | €5,787 | €2,695 | -€3,092 | -53.4% |
| Suppliers | 440/4 | €5,787 | €2,695 | -€3,092 | -53.4% |
| Taxes, remuneration and social security | 45 | €6,660 | €3,568 | -€3,092 | -46.4% |
| Taxes | 450/3 | €6,660 | €3,568 | -€3,092 | -46.4% |
| Other amounts payable | 47/48 | €18,845 | €19,677 | +€832 | +4.4% |
| Turnover | 70 | €179,440 | €127,548 | -€51,892 | -28.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €183,935 | €135,126 | -€48,809 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,156 | €31,291 | +€12,135 | +63.3% |
| Other operating charges | 640/8 | €964 | €1,664 | +€700 | +72.6% |
| Gross operating margin | 9900 | -€4,495 | -€7,578 | -€3,083 | -68.6% |
| Operating profit (loss) | 9901 | -€24,615 | -€40,533 | -€15,918 | -64.7% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €1,787 | €1,189 | -€598 | -33.5% |
| Recurring financial charges | 65 | €1,787 | €1,189 | -€598 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | -€26,399 | -€41,722 | -€15,323 | -58.0% |
| Income taxes | 67/77 | €4,536 | €1,160 | -€3,376 | -74.4% |
| Profit (loss) for the period | 9904 | -€30,935 | -€42,882 | -€11,947 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,935 | -€42,882 | -€11,947 | -38.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.