STPO: 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.
STPO
Largest movements
- Current investments +€149,803
up €149,803 (+94.8%), from €158,103 to €307,906
- Cash -€141,920
no longer reported in 2025 (was €141,920)
mainly Current investments (-€149,803) and Contributions, distributions and other (-€120,000)
- Tangible fixed assets -€13,515
down €13,515 (-36.9%), from €36,598 to €23,083
- Tax, wage and social debts -€27,047
down €27,047 (-42.4%), from €63,758 to €36,711
- Other debts +€17,000
new in 2025: €17,000
- Gross operating margin +€86,735
up €86,735 (+94.4%), from €91,866 to €178,601
- Taxes +€18,819
up €18,819 (+79.2%), from €23,754 to €42,573
- Financial income -€2,525
down €2,525 (-67.4%), from €3,746 to €1,221
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 | €359,735 | €353,379 | -€6,356 | -1.8% |
| Fixed assets | 21/28 | €36,598 | €23,083 | -€13,515 | -36.9% |
| Tangible fixed assets | 22/27 | €36,598 | €23,083 | -€13,515 | -36.9% |
| Furniture and vehicles | 24 | €36,598 | €23,083 | -€13,515 | -36.9% |
| Current assets | 29/58 | €323,138 | €330,296 | +€7,158 | +2.2% |
| Amounts receivable within one year | 40/41 | €23,115 | €22,390 | -€725 | -3.1% |
| Trade receivables | 40 | €23,115 | €21,975 | -€1,140 | -4.9% |
| Other amounts receivable | 41 | - | €415 | +€415 | |
| Current investments | 50/53 | €158,103 | €307,906 | +€149,803 | +94.8% |
| Cash at bank and in hand | 54/58 | €141,920 | - | -€141,920 | |
| Total equity and liabilities | 10/49 | €359,735 | €353,379 | -€6,356 | -1.8% |
| Equity | 10/15 | €295,739 | €298,827 | +€3,088 | +1.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €138,480 | €138,480 | = | 0.0% |
| Distributable reserves | 133 | €138,480 | €138,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,759 | €157,847 | +€3,088 | +2.0% |
| Amounts payable | 17/49 | €63,996 | €54,552 | -€9,444 | -14.8% |
| Amounts payable within one year | 42/48 | €63,996 | €54,552 | -€9,444 | -14.8% |
| Financial debts | 43 | €46 | €841 | +€795 | +1745.1% |
| Credit institutions | 430/8 | €46 | €841 | +€795 | +1745.1% |
| Trade debts | 44 | €193 | - | -€193 | |
| Suppliers | 440/4 | €193 | - | -€193 | |
| Taxes, remuneration and social security | 45 | €63,758 | €36,711 | -€27,047 | -42.4% |
| Taxes | 450/3 | €63,758 | €36,711 | -€27,047 | -42.4% |
| Other amounts payable | 47/48 | - | €17,000 | +€17,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,242 | €13,515 | +€272 | +2.1% |
| Other operating charges | 640/8 | €505 | €536 | +€30 | +6.0% |
| Gross operating margin | 9900 | €91,866 | €178,601 | +€86,735 | +94.4% |
| Operating profit (loss) | 9901 | €78,118 | €164,550 | +€86,432 | +110.6% |
| Financial income | 75/76B | €3,746 | €1,221 | -€2,525 | -67.4% |
| Recurring financial income | 75 | €3,746 | €1,221 | -€2,525 | -67.4% |
| Financial charges | 65/66B | €170 | €110 | -€59 | -35.0% |
| Recurring financial charges | 65 | €170 | €110 | -€59 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €81,694 | €165,661 | +€83,967 | +102.8% |
| Income taxes | 67/77 | €23,754 | €42,573 | +€18,819 | +79.2% |
| Profit (loss) for the period | 9904 | €57,940 | €123,088 | +€65,148 | +112.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,940 | €123,088 | +€65,148 | +112.4% |
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 5 October 2026 via checked.be.