STI: 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.
STI
Largest movements
- Tangible fixed assets +€18,351
up €18,351 (+81.0%), from €22,648 to €40,999
of which Furniture and vehicles: +€19,630
- Cash -€2,035
down €2,035 (-34.1%), from €5,961 to €3,926
mainly Investment in fixed assets (net) (-€26,258) and Tax, wage and social debts (-€2,060)
- Receivables within one year +€1,718
up €1,718 (+22.4%), from €7,686 to €9,404
of which Trade receivables: +€2,218
- Deferred charges and accrued income +€690
up €690 (+52.7%), from €1,310 to €1,999
- Other debts +€12,772
up €12,772 (+56.0%), from €22,825 to €35,598
- Profit (loss) carried forward +€8,261
up €8,261 (+86.3%), from €9,572 to €17,833
- Tax, wage and social debts -€2,060
down €2,060 (-73.6%), from €2,800 to €740
- Trade debts -€580
down €580 (-33.6%), from €1,725 to €1,145
- Gross operating margin +€8,414
up €8,414 (+66.6%), from €12,631 to €21,044
- Taxes +€2,043
up €2,043 (+537.4%), from €380 to €2,423
- Other operating charges -€1,680
down €1,680 (-85.5%), from €1,965 to €285
- Staff costs -€903
no longer reported in 2025 (was €903)
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 | €38,922 | €57,315 | +€18,393 | +47.3% |
| Formation expenses | 20 | €1,202 | €812 | -€390 | -32.5% |
| Fixed assets | 21/28 | €22,648 | €40,999 | +€18,351 | +81.0% |
| Tangible fixed assets | 22/27 | €22,648 | €40,999 | +€18,351 | +81.0% |
| Plant, machinery and equipment | 23 | €4,794 | €3,516 | -€1,278 | -26.7% |
| Furniture and vehicles | 24 | €17,853 | €37,483 | +€19,630 | +109.9% |
| Current assets | 29/58 | €15,072 | €15,504 | +€432 | +2.9% |
| Stocks and contracts in progress | 3 | €115 | €175 | +€60 | +51.8% |
| Stocks | 30/36 | €115 | €175 | +€60 | +51.8% |
| Amounts receivable within one year | 40/41 | €7,686 | €9,404 | +€1,718 | +22.4% |
| Trade receivables | 40 | €7,066 | €9,284 | +€2,218 | +31.4% |
| Other amounts receivable | 41 | €620 | €120 | -€500 | -80.7% |
| Cash at bank and in hand | 54/58 | €5,961 | €3,926 | -€2,035 | -34.1% |
| Deferred charges and accrued income | 490/1 | €1,310 | €1,999 | +€690 | +52.7% |
| Total equity and liabilities | 10/49 | €38,922 | €57,315 | +€18,393 | +47.3% |
| Equity | 10/15 | €11,572 | €19,833 | +€8,261 | +71.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,572 | €17,833 | +€8,261 | +86.3% |
| Amounts payable | 17/49 | €27,350 | €37,482 | +€10,132 | +37.0% |
| Amounts payable within one year | 42/48 | €27,350 | €37,482 | +€10,132 | +37.0% |
| Trade debts | 44 | €1,725 | €1,145 | -€580 | -33.6% |
| Suppliers | 440/4 | €1,725 | €1,145 | -€580 | -33.6% |
| Taxes, remuneration and social security | 45 | €2,800 | €740 | -€2,060 | -73.6% |
| Taxes | 450/3 | €2,800 | €740 | -€2,060 | -73.6% |
| Other amounts payable | 47/48 | €22,825 | €35,598 | +€12,772 | +56.0% |
| Remuneration, social security and pensions | 62 | €903 | - | -€903 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,471 | €8,298 | -€173 | -2.0% |
| Other operating charges | 640/8 | €1,965 | €285 | -€1,680 | -85.5% |
| Non-recurring operating charges | 66A | - | €945 | +€945 | |
| Gross operating margin | 9900 | €12,631 | €21,044 | +€8,414 | +66.6% |
| Operating profit (loss) | 9901 | €1,292 | €11,517 | +€10,225 | +791.3% |
| Financial income | 75/76B | €116 | €20 | -€96 | -82.8% |
| Recurring financial income | 75 | €116 | €20 | -€96 | -82.8% |
| Financial charges | 65/66B | €34 | €53 | +€19 | +54.3% |
| Recurring financial charges | 65 | €34 | €53 | +€19 | +54.3% |
| Profit (loss) for the period before taxes | 9903 | €1,373 | €11,484 | +€10,111 | +736.2% |
| Income taxes | 67/77 | €380 | €2,423 | +€2,043 | +537.4% |
| Profit (loss) for the period | 9904 | €993 | €9,061 | +€8,068 | +812.3% |
| Profit (loss) for the period to be appropriated | 9905 | €993 | €9,061 | +€8,068 | +812.3% |
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 4 October 2026 via checked.be.