STL UNITED: 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.
STL UNITED
Largest movements
- Cash +€212,771
up €212,771 (+477.8%), from €44,529 to €257,300
mainly Contributions, distributions and other (+€380,000) and Current investments (+€100,000)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets +€56,058
up €56,058 (+8.6%), from €653,421 to €709,479
- Contributions +€380,000
up €380,000 (+76.0%), from €500,000 to €880,000
- Debts after one year -€200,000
down €200,000 (-80.0%), from €250,000 to €50,000
- Profit (loss) carried forward -€14,876
down €14,876 (-39.9%), from -€37,243 to -€52,120
- Other debts +€10,300
up €10,300 (+13.4%), from €76,963 to €87,263
- Depreciation -€8,151
down €8,151 (-23.5%), from €34,641 to €26,491
- Financial charges -€2,049
down €2,049 (-12.1%), from €16,874 to €14,825
- Gross operating margin -€1,432
down €1,432 (-5.0%), from €28,753 to €27,321
- Other operating charges +€983
up €983 (+68.1%), from €1,444 to €2,427
- Financial income -€579
down €579 (-27.3%), from €2,124 to €1,545
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 | €799,102 | €973,637 | +€174,535 | +21.8% |
| Formation expenses | 20 | €0 | €1,580 | +€1,580 | |
| Fixed assets | 21/28 | €653,421 | €709,979 | +€56,558 | +8.7% |
| Tangible fixed assets | 22/27 | €653,421 | €709,479 | +€56,058 | +8.6% |
| Land and buildings | 22 | €653,421 | €709,479 | +€56,058 | +8.6% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €145,681 | €262,078 | +€116,397 | +79.9% |
| Amounts receivable within one year | 40/41 | €637 | €464 | -€174 | -27.3% |
| Other amounts receivable | 41 | €637 | €464 | -€174 | -27.3% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €44,529 | €257,300 | +€212,771 | +477.8% |
| Deferred charges and accrued income | 490/1 | €515 | €4,314 | +€3,800 | +738.3% |
| Total equity and liabilities | 10/49 | €799,102 | €973,637 | +€174,535 | +21.8% |
| Equity | 10/15 | €462,757 | €827,881 | +€365,124 | +78.9% |
| Contributions | 10/11 | €500,000 | €880,000 | +€380,000 | +76.0% |
| Profit (loss) carried forward | 14 | -€37,243 | -€52,120 | -€14,876 | -39.9% |
| Amounts payable | 17/49 | €336,346 | €145,757 | -€190,589 | -56.7% |
| Amounts payable after more than one year | 17 | €250,000 | €50,000 | -€200,000 | -80.0% |
| Financial debts | 170/4 | €250,000 | €50,000 | -€200,000 | -80.0% |
| Amounts payable within one year | 42/48 | €83,685 | €94,278 | +€10,593 | +12.7% |
| Trade debts | 44 | €1,596 | €2,605 | +€1,009 | +63.2% |
| Suppliers | 440/4 | €1,596 | €2,605 | +€1,009 | +63.2% |
| Taxes, remuneration and social security | 45 | €5,126 | €4,410 | -€716 | -14.0% |
| Taxes | 450/3 | €5,126 | €4,410 | -€716 | -14.0% |
| Other amounts payable | 47/48 | €76,963 | €87,263 | +€10,300 | +13.4% |
| Accrued charges and deferred income | 492/3 | €2,660 | €1,479 | -€1,181 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,641 | €26,491 | -€8,151 | -23.5% |
| Other operating charges | 640/8 | €1,444 | €2,427 | +€983 | +68.1% |
| Gross operating margin | 9900 | €28,753 | €27,321 | -€1,432 | -5.0% |
| Operating profit (loss) | 9901 | -€7,333 | -€1,597 | +€5,736 | +78.2% |
| Financial income | 75/76B | €2,124 | €1,545 | -€579 | -27.3% |
| Recurring financial income | 75 | €2,124 | €1,545 | -€579 | -27.3% |
| Financial charges | 65/66B | €16,874 | €14,825 | -€2,049 | -12.1% |
| Recurring financial charges | 65 | €16,874 | €14,825 | -€2,049 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,082 | -€14,876 | +€7,206 | +32.6% |
| Profit (loss) for the period | 9904 | -€22,082 | -€14,876 | +€7,206 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,082 | -€14,876 | +€7,206 | +32.6% |
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 8 October 2026 via checked.be.