STL VISUALS & GRPHX: 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.
STL VISUALS & GRPHX
Largest movements
- Tangible fixed assets +€49,566
up €49,566 (+171%), from €29,001 to €78,567
of which Furniture and vehicles: +€56,733
- Cash -€20,731
down €20,731 (-10.4%), from €200,034 to €179,303
mainly Investment in fixed assets (net) (-€72,305) and Contributions, distributions and other (-€26,724)
- Receivables within one year -€17,556
down €17,556 (-40.6%), from €43,189 to €25,634
of which Trade receivables: -€10,796
- Debts after one year +€12,193
up €12,193 (+176%), from €6,945 to €19,139
- Current portion of long-term debt +€6,133
up €6,133 (+478%), from €1,282 to €7,415
- Reserves -€6,123
down €6,123 (-5.6%), from €110,060 to €103,937
- Tax, wage and social debts -€4,494
down €4,494 (-18.6%), from €24,158 to €19,665
of which Taxes: -€10,644
- Depreciation +€13,524
up €13,524 (+147%), from €9,214 to €22,739
- Gross operating margin +€10,871
up €10,871 (+25.4%), from €42,839 to €53,710
- Taxes -€1,840
down €1,840 (-18.8%), from €9,784 to €7,944
- Financial charges +€813
up €813 (+97.3%), from €835 to €1,648
- Other operating charges -€644
down €644 (-37.4%), from €1,720 to €1,076
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 | €273,879 | €285,640 | +€11,760 | +4.3% |
| Fixed assets | 21/28 | €29,001 | €78,567 | +€49,566 | +171% |
| Tangible fixed assets | 22/27 | €29,001 | €78,567 | +€49,566 | +171% |
| Plant, machinery and equipment | 23 | €13,035 | €8,459 | -€4,576 | -35.1% |
| Furniture and vehicles | 24 | €484 | €57,217 | +€56,733 | +11,717% |
| Other tangible fixed assets | 26 | €15,482 | €12,891 | -€2,591 | -16.7% |
| Current assets | 29/58 | €244,879 | €207,073 | -€37,806 | -15.4% |
| Amounts receivable within one year | 40/41 | €43,189 | €25,634 | -€17,556 | -40.6% |
| Trade receivables | 40 | €33,889 | €23,093 | -€10,796 | -31.9% |
| Other amounts receivable | 41 | €9,301 | €2,541 | -€6,760 | -72.7% |
| Cash at bank and in hand | 54/58 | €200,034 | €179,303 | -€20,731 | -10.4% |
| Deferred charges and accrued income | 490/1 | €1,656 | €2,136 | +€481 | +29.0% |
| Total equity and liabilities | 10/49 | €273,879 | €285,640 | +€11,760 | +4.3% |
| Equity | 10/15 | €221,386 | €215,263 | -€6,123 | -2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €110,060 | €103,937 | -€6,123 | -5.6% |
| Distributable reserves | 133 | €110,060 | €103,937 | -€6,123 | -5.6% |
| Profit (loss) carried forward | 14 | €98,926 | €98,926 | = | 0.0% |
| Amounts payable | 17/49 | €52,493 | €70,377 | +€17,883 | +34.1% |
| Amounts payable after more than one year | 17 | €6,945 | €19,139 | +€12,193 | +176% |
| Financial debts | 170/4 | €6,945 | €19,139 | +€12,193 | +176% |
| Amounts payable within one year | 42/48 | €45,548 | €51,238 | +€5,690 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €1,282 | €7,415 | +€6,133 | +478% |
| Trade debts | 44 | €3,393 | €5,267 | +€1,874 | +55.2% |
| Suppliers | 440/4 | €3,393 | €5,267 | +€1,874 | +55.2% |
| Taxes, remuneration and social security | 45 | €24,158 | €19,665 | -€4,494 | -18.6% |
| Taxes | 450/3 | €24,158 | €13,515 | -€10,644 | -44.1% |
| Remuneration and social security | 454/9 | - | €6,150 | +€6,150 | |
| Other amounts payable | 47/48 | €16,715 | €18,892 | +€2,176 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,214 | €22,739 | +€13,524 | +147% |
| Other operating charges | 640/8 | €1,720 | €1,076 | -€644 | -37.4% |
| Gross operating margin | 9900 | €42,839 | €53,710 | +€10,871 | +25.4% |
| Operating profit (loss) | 9901 | €31,905 | €29,896 | -€2,009 | -6.3% |
| Financial income | 75/76B | €338 | €297 | -€41 | -12.2% |
| Recurring financial income | 75 | €338 | €297 | -€41 | -12.2% |
| Financial charges | 65/66B | €835 | €1,648 | +€813 | +97.3% |
| Recurring financial charges | 65 | €835 | €1,648 | +€813 | +97.3% |
| Profit (loss) for the period before taxes | 9903 | €31,407 | €28,544 | -€2,863 | -9.1% |
| Income taxes | 67/77 | €9,784 | €7,944 | -€1,840 | -18.8% |
| Profit (loss) for the period | 9904 | €21,623 | €20,601 | -€1,023 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,623 | €20,601 | -€1,023 | -4.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.