STSC: 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.
STSC
Largest movements
- Tangible fixed assets -€26,861
down €26,861 (-10.6%), from €254,163 to €227,302
of which Land and buildings: -€22,749
- Cash -€15,545
down €15,545 (-76.8%), from €20,251 to €4,706
mainly Other debts (-€12,216) and Debts after one year (-€9,333)
- Receivables within one year +€5,754
up €5,754 (+249.3%), from €2,308 to €8,062
of which Other amounts receivable: +€2,977
- Current investments +€5,043
up €5,043 (+62.7%), from €8,046 to €13,089
- Other debts -€12,216
down €12,216 (-45.2%), from €27,043 to €14,827
- Debts after one year -€9,333
down €9,333 (-11.1%), from €84,000 to €74,666
- Tax, wage and social debts -€6,859
down €6,859 (-90.3%), from €7,593 to €734
- Gross operating margin -€23,848
down €23,848 (-78.0%), from €30,591 to €6,743
- Depreciation -€12,745
down €12,745 (-84.3%), from €15,112 to €2,367
- Taxes -€3,308
down €3,308 (-90.0%), from €3,676 to €368
- Other operating charges -€2,049
down €2,049 (-33.7%), from €6,079 to €4,030
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 | €285,220 | €253,613 | -€31,607 | -11.1% |
| Fixed assets | 21/28 | €254,163 | €227,302 | -€26,861 | -10.6% |
| Tangible fixed assets | 22/27 | €254,163 | €227,302 | -€26,861 | -10.6% |
| Land and buildings | 22 | €246,940 | €224,191 | -€22,749 | -9.2% |
| Plant, machinery and equipment | 23 | €607 | €288 | -€318 | -52.5% |
| Furniture and vehicles | 24 | €6,616 | €2,823 | -€3,793 | -57.3% |
| Current assets | 29/58 | €31,057 | €26,311 | -€4,746 | -15.3% |
| Amounts receivable within one year | 40/41 | €2,308 | €8,062 | +€5,754 | +249.3% |
| Trade receivables | 40 | €1,436 | €4,213 | +€2,778 | +193.5% |
| Other amounts receivable | 41 | €872 | €3,849 | +€2,977 | +341.2% |
| Current investments | 50/53 | €8,046 | €13,089 | +€5,043 | +62.7% |
| Cash at bank and in hand | 54/58 | €20,251 | €4,706 | -€15,545 | -76.8% |
| Deferred charges and accrued income | 490/1 | €452 | €454 | +€2 | +0.4% |
| Total equity and liabilities | 10/49 | €285,220 | €253,613 | -€31,607 | -11.1% |
| Equity | 10/15 | €156,065 | €154,052 | -€2,012 | -1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €149,865 | €147,852 | -€2,012 | -1.3% |
| Distributable reserves | 133 | €149,865 | €147,852 | -€2,012 | -1.3% |
| Amounts payable | 17/49 | €129,156 | €99,561 | -€29,595 | -22.9% |
| Amounts payable after more than one year | 17 | €84,000 | €74,666 | -€9,333 | -11.1% |
| Financial debts | 170/4 | €84,000 | €74,666 | -€9,333 | -11.1% |
| Amounts payable within one year | 42/48 | €43,969 | €24,895 | -€19,075 | -43.4% |
| Current portion of amounts payable after more than one year | 42 | €9,333 | €9,333 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,593 | €734 | -€6,859 | -90.3% |
| Taxes | 450/3 | €7,593 | €734 | -€6,859 | -90.3% |
| Other amounts payable | 47/48 | €27,043 | €14,827 | -€12,216 | -45.2% |
| Accrued charges and deferred income | 492/3 | €1,187 | - | -€1,187 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,112 | €2,367 | -€12,745 | -84.3% |
| Other operating charges | 640/8 | €6,079 | €4,030 | -€2,049 | -33.7% |
| Gross operating margin | 9900 | €30,591 | €6,743 | -€23,848 | -78.0% |
| Operating profit (loss) | 9901 | €9,400 | €346 | -€9,054 | -96.3% |
| Financial income | 75/76B | €7 | €61 | +€54 | +805.5% |
| Recurring financial income | 75 | €7 | €61 | +€54 | +805.5% |
| Financial charges | 65/66B | €2,317 | €2,051 | -€266 | -11.5% |
| Recurring financial charges | 65 | €2,317 | €2,051 | -€266 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €7,090 | -€1,644 | -€8,734 | |
| Income taxes | 67/77 | €3,676 | €368 | -€3,308 | -90.0% |
| Profit (loss) for the period | 9904 | €3,414 | -€2,012 | -€5,427 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,414 | -€2,012 | -€5,427 |
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 29 September 2026 via checked.be.