STS H&H: 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 H&H
Largest movements
- Tangible fixed assets +€747,936
up €747,936 (+135%), from €555,032 to €1.3m
of which Land and buildings: +€748,013
- Receivables within one year -€156,849
down €156,849 (-35.6%), from €441,063 to €284,214
of which Other amounts receivable: -€105,328
- Cash +€136,257
up €136,257 (+1,122%), from €12,142 to €148,399
mainly Debts after one year (+€705,780) and Receivables within one year (+€156,849)
- Debts after one year +€705,780
up €705,780 (+150%), from €471,050 to €1.2m
of which Financial debts: +€660,780
- Advances received -€104,943
no longer reported in 2025 (was €104,943)
- Current portion of long-term debt +€46,146
up €46,146 (+74.2%), from €62,180 to €108,326
- Other debts +€42,900
up €42,900 (+763%), from €5,619 to €48,519
- Financial income -€104,064
down €104,064 (-51.0%), from €204,064 to €100,000
- Depreciation +€96,659
up €96,659 (+381%), from €25,384 to €122,043
- Taxes -€11,593
down €11,593 (-97.4%), from €11,905 to €312
- Gross operating margin +€9,811
up €9,811 (+9.7%), from €101,532 to €111,343
- Financial charges +€4,022
up €4,022 (+39.7%), from €10,138 to €14,161
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 | €1,141,390 | €1,860,864 | +€719,473 | +63.0% |
| Fixed assets | 21/28 | €675,032 | €1,422,969 | +€747,936 | +111% |
| Tangible fixed assets | 22/27 | €555,032 | €1,302,969 | +€747,936 | +135% |
| Land and buildings | 22 | €554,421 | €1,302,434 | +€748,013 | +135% |
| Plant, machinery and equipment | 23 | €612 | €535 | -€77 | -12.5% |
| Financial fixed assets | 28 | €120,000 | €120,000 | = | 0.0% |
| Current assets | 29/58 | €466,358 | €437,895 | -€28,463 | -6.1% |
| Amounts receivable within one year | 40/41 | €441,063 | €284,214 | -€156,849 | -35.6% |
| Trade receivables | 40 | €118,451 | €66,930 | -€51,521 | -43.5% |
| Other amounts receivable | 41 | €322,612 | €217,284 | -€105,328 | -32.6% |
| Cash at bank and in hand | 54/58 | €12,142 | €148,399 | +€136,257 | +1,122% |
| Deferred charges and accrued income | 490/1 | €13,154 | €5,282 | -€7,872 | -59.8% |
| Total equity and liabilities | 10/49 | €1,141,390 | €1,860,864 | +€719,473 | +63.0% |
| Equity | 10/15 | €482,931 | €494,817 | +€11,886 | +2.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €462,931 | €474,817 | +€11,886 | +2.6% |
| Distributable reserves | 133 | €462,931 | €474,817 | +€11,886 | +2.6% |
| Amounts payable | 17/49 | €658,459 | €1,366,046 | +€707,587 | +107% |
| Amounts payable after more than one year | 17 | €471,050 | €1,176,830 | +€705,780 | +150% |
| Financial debts | 170/4 | €471,050 | €1,131,830 | +€660,780 | +140% |
| Other amounts payable | 178/9 | - | €45,000 | +€45,000 | |
| Amounts payable within one year | 42/48 | €187,410 | €189,216 | +€1,807 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €62,180 | €108,326 | +€46,146 | +74.2% |
| Trade debts | 44 | €5,948 | €6,231 | +€283 | +4.8% |
| Suppliers | 440/4 | €5,948 | €6,231 | +€283 | +4.8% |
| Advances received on contracts in progress | 46 | €104,943 | - | -€104,943 | |
| Taxes, remuneration and social security | 45 | €8,719 | €26,140 | +€17,421 | +200% |
| Taxes | 450/3 | €7,969 | €25,390 | +€17,421 | +219% |
| Remuneration and social security | 454/9 | €750 | €750 | = | 0.0% |
| Other amounts payable | 47/48 | €5,619 | €48,519 | +€42,900 | +763% |
| Non-recurring operating income | 76A | €15,160 | €18,100 | +€2,939 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,384 | €122,043 | +€96,659 | +381% |
| Other operating charges | 640/8 | €10,979 | €12,941 | +€1,962 | +17.9% |
| Non-recurring operating charges | 66A | €967 | - | -€967 | |
| Gross operating margin | 9900 | €101,532 | €111,343 | +€9,811 | +9.7% |
| Operating profit (loss) | 9901 | €64,202 | -€23,642 | -€87,843 | |
| Financial income | 75/76B | €204,064 | €100,000 | -€104,064 | -51.0% |
| Recurring financial income | 75 | €204,064 | €100,000 | -€104,064 | -51.0% |
| Financial charges | 65/66B | €10,138 | €14,161 | +€4,022 | +39.7% |
| Recurring financial charges | 65 | €10,138 | €14,161 | +€4,022 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | €258,127 | €62,198 | -€195,930 | -75.9% |
| Income taxes | 67/77 | €11,905 | €312 | -€11,593 | -97.4% |
| Profit (loss) for the period | 9904 | €246,223 | €61,886 | -€184,337 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €246,223 | €61,886 | -€184,337 | -74.9% |
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 28 October 2026 via checked.be.