STI-TEC: 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-TEC
Largest movements
- Financial fixed assets +€51,033
new in 2025: €51,033
- Tangible fixed assets +€37,657
up €37,657 (+337%), from €11,167 to €48,824
of which Furniture and vehicles: +€40,029
- Cash -€9,961
down €9,961 (-40.3%), from €24,746 to €14,785
mainly Investment in fixed assets (net) (-€95,949) and Deferred charges and accrued income (-€8,186)
- Deferred charges and accrued income +€8,186
up €8,186 (+3,462%), from €236 to €8,423
- Receivables within one year +€1,469
up €1,469 (+17.6%), from €8,346 to €9,814
of which Other amounts receivable: +€7,616
- Debts after one year +€64,872
new in 2025: €64,872
- Reserves +€16,729
up €16,729 (+62.2%), from €26,879 to €43,607
- Current portion of long-term debt +€14,574
new in 2025: €14,574
- Other debts -€5,348
down €5,348 (-100%), from €5,348 to €0
- Tax, wage and social debts -€4,172
down €4,172 (-38.7%), from €10,779 to €6,607
- Gross operating margin +€7,243
up €7,243 (+25.3%), from €28,684 to €35,926
- Depreciation +€3,860
up €3,860 (+99.0%), from €3,898 to €7,758
- Financial charges +€1,308
up €1,308 (+490%), from €267 to €1,574
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.
Derived cash bridge
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 | €48,611 | €136,496 | +€87,885 | +181% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €15,283 | €103,474 | +€88,191 | +577% |
| Intangible fixed assets | 21 | €4,116 | €3,616 | -€500 | -12.1% |
| Tangible fixed assets | 22/27 | €11,167 | €48,824 | +€37,657 | +337% |
| Plant, machinery and equipment | 23 | €493 | €93 | -€400 | -81.1% |
| Furniture and vehicles | 24 | €1,157 | €41,186 | +€40,029 | +3,459% |
| Other tangible fixed assets | 26 | €9,516 | €7,545 | -€1,971 | -20.7% |
| Financial fixed assets | 28 | - | €51,033 | +€51,033 | |
| Current assets | 29/58 | €33,328 | €33,022 | -€306 | -0.9% |
| Amounts receivable within one year | 40/41 | €8,346 | €9,814 | +€1,469 | +17.6% |
| Trade receivables | 40 | €8,346 | €2,198 | -€6,148 | -73.7% |
| Other amounts receivable | 41 | - | €7,616 | +€7,616 | |
| Cash at bank and in hand | 54/58 | €24,746 | €14,785 | -€9,961 | -40.3% |
| Deferred charges and accrued income | 490/1 | €236 | €8,423 | +€8,186 | +3,462% |
| Total equity and liabilities | 10/49 | €48,611 | €136,496 | +€87,885 | +181% |
| Equity | 10/15 | €31,879 | €48,607 | +€16,729 | +52.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,879 | €43,607 | +€16,729 | +62.2% |
| Distributable reserves | 133 | €26,879 | €43,607 | +€16,729 | +62.2% |
| Amounts payable | 17/49 | €16,733 | €87,889 | +€71,156 | +425% |
| Amounts payable after more than one year | 17 | - | €64,872 | +€64,872 | |
| Financial debts | 170/4 | - | €64,872 | +€64,872 | |
| Amounts payable within one year | 42/48 | €16,733 | €23,016 | +€6,284 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | - | €14,574 | +€14,574 | |
| Trade debts | 44 | €606 | €1,835 | +€1,229 | +203% |
| Suppliers | 440/4 | €606 | €1,835 | +€1,229 | +203% |
| Taxes, remuneration and social security | 45 | €10,779 | €6,607 | -€4,172 | -38.7% |
| Taxes | 450/3 | €10,779 | €6,607 | -€4,172 | -38.7% |
| Other amounts payable | 47/48 | €5,348 | €0 | -€5,348 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,898 | €7,758 | +€3,860 | +99.0% |
| Other operating charges | 640/8 | €611 | €940 | +€329 | +53.8% |
| Non-recurring operating charges | 66A | - | €3,250 | +€3,250 | |
| Gross operating margin | 9900 | €28,684 | €35,926 | +€7,243 | +25.3% |
| Operating profit (loss) | 9901 | €24,174 | €23,978 | -€196 | -0.8% |
| Financial income | 75/76B | €0 | €62 | +€62 | |
| Recurring financial income | 75 | €0 | €62 | +€62 | |
| Financial charges | 65/66B | €267 | €1,574 | +€1,308 | +490% |
| Recurring financial charges | 65 | €267 | €1,574 | +€1,308 | +490% |
| Profit (loss) for the period before taxes | 9903 | €23,907 | €22,465 | -€1,442 | -6.0% |
| Income taxes | 67/77 | €5,790 | €5,736 | -€54 | -0.9% |
| Profit (loss) for the period | 9904 | €18,117 | €16,729 | -€1,389 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,117 | €16,729 | -€1,389 | -7.7% |
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 15 October 2026 via checked.be.