STS: 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.
STS
Largest movements
- Current investments +€60,100
new in 2025: €60,100
- Cash -€49,501
down €49,501 (-32.4%), from €152,920 to €103,419
mainly Current investments (-€60,100) and Tax, wage and social debts (-€20,801)
- Tangible fixed assets -€16,295
down €16,295 (-21.0%), from €77,535 to €61,240
of which Furniture and vehicles: -€9,070
- Stocks and contracts +€11,097
up €11,097 (+103.8%), from €10,693 to €21,790
- Reserves +€24,023
up €24,023 (+24.4%), from €98,657 to €122,680
of which Distributable reserves: +€24,023
- Tax, wage and social debts -€20,801
down €20,801 (-92.8%), from €22,417 to €1,616
- Other debts +€9,889
up €9,889 (+9.6%), from €103,281 to €113,170
- Debts after one year -€8,151
down €8,151 (-43.9%), from €18,565 to €10,414
- Gross operating margin -€24,976
down €24,976 (-29.2%), from €85,579 to €60,604
- Taxes -€8,810
down €8,810 (-41.6%), from €21,176 to €12,367
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 | €261,033 | €265,507 | +€4,474 | +1.7% |
| Fixed assets | 21/28 | €78,252 | €61,559 | -€16,692 | -21.3% |
| Intangible fixed assets | 21 | €717 | €320 | -€397 | -55.4% |
| Tangible fixed assets | 22/27 | €77,535 | €61,240 | -€16,295 | -21.0% |
| Land and buildings | 22 | €15,547 | €16,600 | +€1,054 | +6.8% |
| Plant, machinery and equipment | 23 | €1,694 | €1,307 | -€387 | -22.9% |
| Furniture and vehicles | 24 | €33,158 | €24,088 | -€9,070 | -27.4% |
| Leasing and similar rights | 25 | €27,136 | €19,244 | -€7,892 | -29.1% |
| Current assets | 29/58 | €182,781 | €203,947 | +€21,167 | +11.6% |
| Stocks and contracts in progress | 3 | €10,693 | €21,790 | +€11,097 | +103.8% |
| Stocks | 30/36 | €10,693 | €21,790 | +€11,097 | +103.8% |
| Amounts receivable within one year | 40/41 | €16,693 | €16,087 | -€605 | -3.6% |
| Trade receivables | 40 | €14,820 | €13,795 | -€1,025 | -6.9% |
| Other amounts receivable | 41 | €1,873 | €2,292 | +€419 | +22.4% |
| Current investments | 50/53 | - | €60,100 | +€60,100 | |
| Cash at bank and in hand | 54/58 | €152,920 | €103,419 | -€49,501 | -32.4% |
| Deferred charges and accrued income | 490/1 | €2,476 | €2,551 | +€75 | +3.0% |
| Total equity and liabilities | 10/49 | €261,033 | €265,507 | +€4,474 | +1.7% |
| Equity | 10/15 | €104,857 | €128,880 | +€24,023 | +22.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,657 | €122,680 | +€24,023 | +24.4% |
| Tax-exempt reserves | 132 | €446 | €446 | = | 0.0% |
| Distributable reserves | 133 | €98,211 | €122,234 | +€24,023 | +24.5% |
| Amounts payable | 17/49 | €156,176 | €136,627 | -€19,549 | -12.5% |
| Amounts payable after more than one year | 17 | €18,565 | €10,414 | -€8,151 | -43.9% |
| Financial debts | 170/4 | €18,565 | €10,414 | -€8,151 | -43.9% |
| Amounts payable within one year | 42/48 | €137,611 | €126,213 | -€11,398 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €7,839 | €8,089 | +€250 | +3.2% |
| Financial debts | 43 | - | €337 | +€337 | |
| Credit institutions | 430/8 | - | €337 | +€337 | |
| Trade debts | 44 | €4,074 | €3,001 | -€1,073 | -26.3% |
| Suppliers | 440/4 | €4,074 | €3,001 | -€1,073 | -26.3% |
| Taxes, remuneration and social security | 45 | €22,417 | €1,616 | -€20,801 | -92.8% |
| Taxes | 450/3 | €22,417 | €1,616 | -€20,801 | -92.8% |
| Other amounts payable | 47/48 | €103,281 | €113,170 | +€9,889 | +9.6% |
| Non-recurring operating income | 76A | €3,504 | - | -€3,504 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,589 | €19,989 | +€400 | +2.0% |
| Other operating charges | 640/8 | €964 | €1,789 | +€825 | +85.5% |
| Gross operating margin | 9900 | €85,579 | €60,604 | -€24,976 | -29.2% |
| Operating profit (loss) | 9901 | €65,026 | €38,826 | -€26,200 | -40.3% |
| Financial income | 75/76B | €153 | €108 | -€45 | -29.1% |
| Recurring financial income | 75 | €153 | €108 | -€45 | -29.1% |
| Financial charges | 65/66B | €1,090 | €826 | -€263 | -24.2% |
| Recurring financial charges | 65 | €1,090 | €826 | -€263 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €64,089 | €38,108 | -€25,981 | -40.5% |
| Income taxes | 67/77 | €21,176 | €12,367 | -€8,810 | -41.6% |
| Profit (loss) for the period | 9904 | €42,912 | €25,741 | -€17,171 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,912 | €25,741 | -€17,171 | -40.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.