STO: 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.
What changed
STO
NACE 46.831, Wholesale of construction materials, general range
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €1.3m+€116,111
Equity
€4.0m
2024 · €3.7m+€232,348
Cash
€21,164
2024 · €16,920+€4,244
Balance sheet total
€14.5m
2024 · €13.1m+€1.5m
Largest movements
Assets
- Receivables within one year +€1.7m
up €1.7m (+20.9%), from €8.0m to €9.7m
of which Other amounts receivable: +€1.8m
- Stocks and contracts -€284,778
down €284,778 (-17.8%), from €1.6m to €1.3m
Equity and liabilities
- Trade debts +€945,371
up €945,371 (+17.1%), from €5.5m to €6.5m
- Tax, wage and social debts +€358,529
up €358,529 (+26.1%), from €1.4m to €1.7m
of which Remuneration and social security: +€368,716
- Profit (loss) carried forward +€232,348
up €232,348 (+6.9%), from €3.4m to €3.6m
- Advances received -€231,001
down €231,001 (-84.2%), from €274,469 to €43,468
Income statement
- Turnover +€5.0m
up €5.0m (+16.0%), from €31.6m to €36.6m
- Goods and materials +€3.1m
up €3.1m (+16.8%), from €18.4m to €21.5m
of which Purchases: +€2.6m
- Services and other goods +€801,441
up €801,441 (+14.4%), from €5.6m to €6.4m
- Write-downs +€738,022
up €738,022, from -€267,073 to €470,948
- Staff costs +€469,526
up €469,526 (+7.9%), from €5.9m to €6.4m
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.
Result 2024
€1.3m
Turnover
+€5.0m
Other operating income
+€140,079
Goods and materials
-€3.1m
Services and other goods
-€801,441
Staff costs
-€469,526
Depreciation
-€19,920
Write-downs
-€738,022
Provisions
-€135,892
Other operating charges
+€451,672
Other operating items
-€177,875
Financial income
+€5,857
Financial charges
-€26,564
Taxes
-€52,282
Result 2025
€1.4m
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.
From operations
+€1.5m
Investment
-€330,633
Financing
-€1.2m
Cash 2024
€16,920
From operations (derived)
+€1.5m
Net result for the year
+€1.4m
Depreciation
+€249,219
Stocks and contracts
+€284,778
Receivables within one year
-€1.7m
Deferred charges and accrued income
+€7,807
Provisions
+€64,212
Trade debts
+€945,371
Tax, wage and social debts
+€358,529
Advances received
-€231,001
Other debts
+€100,000
Investment (derived)
-€330,633
Investment in fixed assets (net)
-€330,633
Financing
-€1.2m
Contributions, distributions and other
-€1.2m
Cash 2025
€21,164
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,072,616 | €14,542,074 | +€1.5m | +11.2% |
| Fixed assets | 21/28 | €3,303,618 | €3,385,033 | +€81,415 | +2.5% |
| Tangible fixed assets | 22/27 | €3,293,268 | €3,374,683 | +€81,415 | +2.5% |
| Land and buildings | 22 | €2,759,150 | €2,685,376 | -€73,774 | -2.7% |
| Plant, machinery and equipment | 23 | €399,290 | €558,693 | +€159,404 | +39.9% |
| Furniture and vehicles | 24 | €134,828 | €130,614 | -€4,215 | -3.1% |
| Financial fixed assets | 28 | €10,350 | €10,350 | = | 0.0% |
| Other financial fixed assets | 284/8 | €10,350 | €10,350 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €10,350 | €10,350 | = | 0.0% |
| Current assets | 29/58 | €9,768,997 | €11,157,042 | +€1.4m | +14.2% |
| Stocks and contracts in progress | 3 | €1,603,400 | €1,318,623 | -€284,778 | -17.8% |
| Stocks | 30/36 | €1,603,400 | €1,318,623 | -€284,778 | -17.8% |
| Raw materials and consumables | 30/31 | €44,443 | €51,183 | +€6,740 | +15.2% |
| Work in progress | 32 | €75,577 | €55,995 | -€19,582 | -25.9% |
| Finished goods | 33 | €500,854 | €424,934 | -€75,920 | -15.2% |
| Goods purchased for resale | 34 | €982,527 | €786,510 | -€196,017 | -20.0% |
| Amounts receivable within one year | 40/41 | €8,009,583 | €9,685,969 | +€1.7m | +20.9% |
| Trade receivables | 40 | €7,827,049 | €7,733,172 | -€93,877 | -1.2% |
| Other amounts receivable | 41 | €182,534 | €1,952,797 | +€1.8m | +969.8% |
| Cash at bank and in hand | 54/58 | €16,920 | €21,164 | +€4,244 | +25.1% |
| Deferred charges and accrued income | 490/1 | €139,093 | €131,286 | -€7,807 | -5.6% |
| Total equity and liabilities | 10/49 | €13,072,616 | €14,542,074 | +€1.5m | +11.2% |
| Equity | 10/15 | €3,749,824 | €3,982,172 | +€232,348 | +6.2% |
| Contributions | 10/11 | €290,035 | €290,035 | = | 0.0% |
| Capital | 10 | €290,035 | €290,035 | = | 0.0% |
| Issued capital | 100 | €290,035 | €290,035 | = | 0.0% |
| Reserves | 13 | €73,667 | €73,667 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,004 | €29,004 | = | 0.0% |
| Legal reserve | 130 | €29,004 | €29,004 | = | 0.0% |
| Distributable reserves | 133 | €44,663 | €44,663 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,386,121 | €3,618,470 | +€232,348 | +6.9% |
| Provisions and deferred taxes | 16 | €1,053,782 | €1,117,994 | +€64,212 | +6.1% |
| Provisions for liabilities and charges | 160/5 | €1,053,782 | €1,117,994 | +€64,212 | +6.1% |
| Other liabilities and charges | 164/5 | €1,053,782 | €1,117,994 | +€64,212 | +6.1% |
| Amounts payable | 17/49 | €8,269,010 | €9,441,908 | +€1.2m | +14.2% |
| Amounts payable within one year | 42/48 | €8,269,010 | €9,441,908 | +€1.2m | +14.2% |
| Trade debts | 44 | €5,523,349 | €6,468,721 | +€945,371 | +17.1% |
| Suppliers | 440/4 | €5,523,349 | €6,468,721 | +€945,371 | +17.1% |
| Advances received on contracts in progress | 46 | €274,469 | €43,468 | -€231,001 | -84.2% |
| Taxes, remuneration and social security | 45 | €1,371,191 | €1,729,720 | +€358,529 | +26.1% |
| Taxes | 450/3 | €346,725 | €336,538 | -€10,187 | -2.9% |
| Remuneration and social security | 454/9 | €1,024,466 | €1,393,182 | +€368,716 | +36.0% |
| Other amounts payable | 47/48 | €1,100,000 | €1,200,000 | +€100,000 | +9.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €32,315,462 | €37,325,185 | +€5.0m | +15.5% |
| Turnover | 70 | €31,558,204 | €36,595,265 | +€5.0m | +16.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €72,504 | -€95,502 | -€168,006 | |
| Other operating income | 74 | €679,950 | €820,030 | +€140,079 | +20.6% |
| Non-recurring operating income | 76A | €4,803 | €5,392 | +€589 | +12.3% |
| Operating charges | 60/66A | €30,417,349 | €35,237,972 | +€4.8m | +15.8% |
| Goods for resale, raw materials and consumables | 60 | €18,406,878 | €21,503,913 | +€3.1m | +16.8% |
| Purchases | 600/8 | €18,644,786 | €21,291,090 | +€2.6m | +14.2% |
| Change in stocks: decrease (increase) | 609 | -€237,908 | €212,823 | +€450,731 | |
| Services and other goods | 61 | €5,582,818 | €6,384,259 | +€801,441 | +14.4% |
| Remuneration, social security and pensions | 62 | €5,942,291 | €6,411,818 | +€469,526 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229,299 | €249,219 | +€19,920 | +8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€267,073 | €470,948 | +€738,022 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€71,215 | €64,677 | +€135,892 | |
| Other operating charges | 640/8 | €535,417 | €83,746 | -€451,672 | -84.4% |
| Non-recurring operating charges | 66A | €58,933 | €69,392 | +€10,459 | +17.7% |
| Operating profit (loss) | 9901 | €1,898,113 | €2,087,213 | +€189,101 | +10.0% |
| Financial income | 75/76B | €8,376 | €14,233 | +€5,857 | +69.9% |
| Recurring financial income | 75 | €8,376 | €14,233 | +€5,857 | +69.9% |
| Income from current assets | 751 | €8,365 | €11,583 | +€3,218 | +38.5% |
| Other financial income | 752/9 | €11 | €2,650 | +€2,639 | +24034.8% |
| Financial charges | 65/66B | €95,176 | €121,740 | +€26,564 | +27.9% |
| Recurring financial charges | 65 | €95,176 | €114,657 | +€19,482 | +20.5% |
| Debt charges | 650 | €34,565 | €27,032 | -€7,534 | -21.8% |
| Other financial charges | 652/9 | €60,610 | €87,626 | +€27,016 | +44.6% |
| Non-recurring financial charges | 66B | - | €7,083 | +€7,083 | |
| Profit (loss) for the period before taxes | 9903 | €1,811,313 | €1,979,706 | +€168,393 | +9.3% |
| Income taxes | 67/77 | €495,076 | €547,358 | +€52,282 | +10.6% |
| Taxes | 670/3 | €495,076 | €547,358 | +€52,282 | +10.6% |
| Profit (loss) for the period | 9904 | €1,316,238 | €1,432,348 | +€116,111 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,316,238 | €1,432,348 | +€116,111 | +8.8% |
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.