STS CONSULT: 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 CONSULT
Largest movements
- Tangible fixed assets -€276,173
down €276,173 (-42.5%), from €650,193 to €374,021
of which Land and buildings: -€251,863
- Cash +€218,632
up €218,632 (+225%), from €97,091 to €315,723
mainly Investment in fixed assets (net) (+€153,321) and Current portion of long-term debt (+€150,000)
- Intangible fixed assets +€63,246
up €63,246 (+696%), from €9,092 to €72,337
- Debts after one year -€150,000
down €150,000 (-66.7%), from €225,000 to €75,000
- Current portion of long-term debt +€150,000
new in 2025: €150,000
- Other debts -€18,851
down €18,851 (-9.0%), from €209,520 to €190,669
- Reserves +€15,822
up €15,822 (+4.0%), from €396,291 to €412,113
- Trade debts +€9,899
up €9,899 (+310%), from €3,189 to €13,087
- Depreciation -€15,200
down €15,200 (-20.3%), from €74,806 to €59,606
- Gross operating margin -€14,541
down €14,541 (-10.5%), from €137,980 to €123,439
- Taxes -€11,856
down €11,856 (-52.2%), from €22,720 to €10,864
- Financial income +€3,402
up €3,402 (+284%), from €1,200 to €4,602
- Financial charges -€1,742
down €1,742 (-26.1%), from €6,687 to €4,944
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 | €850,784 | €855,633 | +€4,849 | +0.6% |
| Fixed assets | 21/28 | €659,285 | €446,358 | -€212,927 | -32.3% |
| Intangible fixed assets | 21 | €9,092 | €72,337 | +€63,246 | +696% |
| Tangible fixed assets | 22/27 | €650,193 | €374,021 | -€276,173 | -42.5% |
| Land and buildings | 22 | €544,037 | €292,174 | -€251,863 | -46.3% |
| Plant, machinery and equipment | 23 | €15,404 | €14,888 | -€517 | -3.4% |
| Furniture and vehicles | 24 | €85,968 | €62,708 | -€23,260 | -27.1% |
| Other tangible fixed assets | 26 | €4,785 | €4,251 | -€533 | -11.1% |
| Current assets | 29/58 | €191,499 | €409,275 | +€217,776 | +114% |
| Amounts receivable within one year | 40/41 | €91,623 | €90,886 | -€737 | -0.8% |
| Trade receivables | 40 | €20,485 | €18,705 | -€1,781 | -8.7% |
| Other amounts receivable | 41 | €71,138 | €72,181 | +€1,044 | +1.5% |
| Cash at bank and in hand | 54/58 | €97,091 | €315,723 | +€218,632 | +225% |
| Deferred charges and accrued income | 490/1 | €2,785 | €2,666 | -€119 | -4.3% |
| Total equity and liabilities | 10/49 | €850,784 | €855,633 | +€4,849 | +0.6% |
| Equity | 10/15 | €402,491 | €418,313 | +€15,822 | +3.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €396,291 | €412,113 | +€15,822 | +4.0% |
| Distributable reserves | 133 | €396,291 | €412,113 | +€15,822 | +4.0% |
| Amounts payable | 17/49 | €448,293 | €437,320 | -€10,973 | -2.4% |
| Amounts payable after more than one year | 17 | €225,000 | €75,000 | -€150,000 | -66.7% |
| Financial debts | 170/4 | €225,000 | €75,000 | -€150,000 | -66.7% |
| Amounts payable within one year | 42/48 | €221,478 | €360,505 | +€139,027 | +62.8% |
| Current portion of amounts payable after more than one year | 42 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €3,189 | €13,087 | +€9,899 | +310% |
| Suppliers | 440/4 | €3,189 | €13,087 | +€9,899 | +310% |
| Taxes, remuneration and social security | 45 | €8,770 | €6,749 | -€2,021 | -23.0% |
| Taxes | 450/3 | €5,730 | €3,869 | -€1,861 | -32.5% |
| Remuneration and social security | 454/9 | €3,040 | €2,880 | -€160 | -5.3% |
| Other amounts payable | 47/48 | €209,520 | €190,669 | -€18,851 | -9.0% |
| Accrued charges and deferred income | 492/3 | €1,815 | €1,815 | = | 0.0% |
| Non-recurring operating income | 76A | €34,717 | - | -€34,717 | |
| Remuneration, social security and pensions | 62 | €29,959 | €30,779 | +€820 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,806 | €59,606 | -€15,200 | -20.3% |
| Other operating charges | 640/8 | €6,246 | €5,192 | -€1,054 | -16.9% |
| Gross operating margin | 9900 | €137,980 | €123,439 | -€14,541 | -10.5% |
| Operating profit (loss) | 9901 | €26,969 | €27,862 | +€893 | +3.3% |
| Financial income | 75/76B | €1,200 | €4,602 | +€3,402 | +284% |
| Recurring financial income | 75 | €1,200 | €4,602 | +€3,402 | +284% |
| Financial charges | 65/66B | €6,687 | €4,944 | -€1,742 | -26.1% |
| Recurring financial charges | 65 | €6,687 | €4,944 | -€1,742 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €21,482 | €27,520 | +€6,038 | +28.1% |
| Income taxes | 67/77 | €22,720 | €10,864 | -€11,856 | -52.2% |
| Profit (loss) for the period | 9904 | -€1,238 | €16,655 | +€17,893 | |
| Transfer from tax-exempt reserves | 789 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,862 | €16,655 | -€24,207 | -59.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.