STJR: 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.
STJR
Largest movements
- Tangible fixed assets +€22,702
up €22,702 (+511.5%), from €4,438 to €27,140
- Cash +€21,039
up €21,039 (+22.5%), from €93,413 to €114,451
mainly Net result for the year (+€44,550) and Depreciation (+€6,635)
- Receivables within one year -€2,854
down €2,854 (-67.8%), from €4,208 to €1,354
of which Trade receivables: -€1,737
- Reserves +€40,000
up €40,000 (+77.1%), from €51,860 to €91,860
of which Distributable reserves: +€40,000
- Tax, wage and social debts -€10,354
no longer reported in 2025 (was €10,354)
- Trade debts +€4,741
up €4,741 (+280.3%), from €1,691 to €6,432
- Profit (loss) carried forward +€4,550
up €4,550 (+14.9%), from €30,536 to €35,086
- Other debts +€2,061
up €2,061 (+90.5%), from €2,278 to €4,339
- Gross operating margin +€21,832
up €21,832 (+56.7%), from €38,511 to €60,343
- Depreciation +€4,430
up €4,430 (+200.9%), from €2,205 to €6,635
- Taxes -€3,052
down €3,052 (-32.7%), from €9,330 to €6,278
- Other operating charges -€2,071
down €2,071 (-73.5%), from €2,818 to €747
- Financial income -€1,726
no longer reported in 2025 (was €1,726)
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 | €102,919 | €143,917 | +€40,998 | +39.8% |
| Fixed assets | 21/28 | €4,438 | €27,140 | +€22,702 | +511.5% |
| Tangible fixed assets | 22/27 | €4,438 | €27,140 | +€22,702 | +511.5% |
| Furniture and vehicles | 24 | €4,438 | €27,140 | +€22,702 | +511.5% |
| Current assets | 29/58 | €98,481 | €116,777 | +€18,296 | +18.6% |
| Amounts receivable within one year | 40/41 | €4,208 | €1,354 | -€2,854 | -67.8% |
| Trade receivables | 40 | €2,368 | €631 | -€1,737 | -73.3% |
| Other amounts receivable | 41 | €1,840 | €722 | -€1,118 | -60.7% |
| Cash at bank and in hand | 54/58 | €93,413 | €114,451 | +€21,039 | +22.5% |
| Deferred charges and accrued income | 490/1 | €860 | €972 | +€112 | +13.0% |
| Total equity and liabilities | 10/49 | €102,919 | €143,917 | +€40,998 | +39.8% |
| Equity | 10/15 | €88,596 | €133,146 | +€44,550 | +50.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,860 | €91,860 | +€40,000 | +77.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €90,000 | +€40,000 | +80.0% |
| Profit (loss) carried forward | 14 | €30,536 | €35,086 | +€4,550 | +14.9% |
| Amounts payable | 17/49 | €14,323 | €10,771 | -€3,552 | -24.8% |
| Amounts payable within one year | 42/48 | €14,323 | €10,771 | -€3,552 | -24.8% |
| Trade debts | 44 | €1,691 | €6,432 | +€4,741 | +280.3% |
| Suppliers | 440/4 | €1,691 | €6,432 | +€4,741 | +280.3% |
| Taxes, remuneration and social security | 45 | €10,354 | - | -€10,354 | |
| Taxes | 450/3 | €10,354 | - | -€10,354 | |
| Other amounts payable | 47/48 | €2,278 | €4,339 | +€2,061 | +90.5% |
| Non-recurring operating income | 76A | €14,417 | - | -€14,417 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,205 | €6,635 | +€4,430 | +200.9% |
| Other operating charges | 640/8 | €2,818 | €747 | -€2,071 | -73.5% |
| Gross operating margin | 9900 | €38,511 | €60,343 | +€21,832 | +56.7% |
| Operating profit (loss) | 9901 | €33,489 | €52,962 | +€19,473 | +58.1% |
| Financial income | 75/76B | €1,726 | - | -€1,726 | |
| Recurring financial income | 75 | €1,726 | - | -€1,726 | |
| Financial charges | 65/66B | €2,365 | €2,134 | -€231 | -9.8% |
| Recurring financial charges | 65 | €2,365 | €2,134 | -€231 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €32,851 | €50,828 | +€17,977 | +54.7% |
| Income taxes | 67/77 | €9,330 | €6,278 | -€3,052 | -32.7% |
| Profit (loss) for the period | 9904 | €23,521 | €44,550 | +€21,029 | +89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,521 | €44,550 | +€21,029 | +89.4% |
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 6 October 2026 via checked.be.