STT: 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.
STT
Largest movements
- Cash +€72,237
up €72,237 (+48.1%), from €150,219 to €222,456
mainly Net result for the year (+€70,476) and Receivables after one year (+€66,500)
- Receivables after one year -€66,500
down €66,500 (-100.0%), from €66,500 to €0
- Receivables within one year -€7,100
down €7,100 (-26.3%), from €27,027 to €19,927
of which Trade receivables: -€20,032
- Trade debts -€6,731
down €6,731 (-74.9%), from €8,992 to €2,261
- Tax, wage and social debts +€4,394
up €4,394 (+41.8%), from €10,517 to €14,911
of which Taxes: +€4,143
- Gross operating margin +€4,548
up €4,548 (+5.3%), from €85,012 to €89,561
- Financial income -€1,143
down €1,143 (-45.3%), from €2,522 to €1,379
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 | €248,835 | €248,398 | -€436 | -0.2% |
| Fixed assets | 21/28 | €4,243 | €4,589 | +€346 | +8.2% |
| Tangible fixed assets | 22/27 | €4,243 | €4,589 | +€346 | +8.2% |
| Land and buildings | 22 | €3,756 | €3,338 | -€417 | -11.1% |
| Plant, machinery and equipment | 23 | €487 | €1,251 | +€764 | +156.8% |
| Current assets | 29/58 | €244,592 | €243,809 | -€783 | -0.3% |
| Amounts receivable after more than one year | 29 | €66,500 | €0 | -€66,500 | -100.0% |
| Other amounts receivable | 291 | €66,500 | €0 | -€66,500 | -100.0% |
| Amounts receivable within one year | 40/41 | €27,027 | €19,927 | -€7,100 | -26.3% |
| Trade receivables | 40 | €21,142 | €1,110 | -€20,032 | -94.8% |
| Other amounts receivable | 41 | €5,886 | €18,817 | +€12,932 | +219.7% |
| Cash at bank and in hand | 54/58 | €150,219 | €222,456 | +€72,237 | +48.1% |
| Deferred charges and accrued income | 490/1 | €846 | €1,426 | +€581 | +68.6% |
| Total equity and liabilities | 10/49 | €248,835 | €248,398 | -€436 | -0.2% |
| Equity | 10/15 | €229,326 | €231,227 | +€1,900 | +0.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €160,584 | €160,584 | = | 0.0% |
| Distributable reserves | 133 | €160,584 | €160,584 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,743 | €69,643 | +€1,900 | +2.8% |
| Amounts payable | 17/49 | €19,508 | €17,172 | -€2,337 | -12.0% |
| Amounts payable within one year | 42/48 | €19,508 | €17,172 | -€2,337 | -12.0% |
| Trade debts | 44 | €8,992 | €2,261 | -€6,731 | -74.9% |
| Suppliers | 440/4 | €8,992 | €2,261 | -€6,731 | -74.9% |
| Taxes, remuneration and social security | 45 | €10,517 | €14,911 | +€4,394 | +41.8% |
| Taxes | 450/3 | €10,085 | €14,228 | +€4,143 | +41.1% |
| Remuneration and social security | 454/9 | €432 | €683 | +€251 | +58.1% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €676 | €892 | +€216 | +32.0% |
| Other operating charges | 640/8 | €966 | €669 | -€297 | -30.8% |
| Gross operating margin | 9900 | €85,012 | €89,561 | +€4,548 | +5.3% |
| Operating profit (loss) | 9901 | €83,371 | €88,000 | +€4,629 | +5.6% |
| Financial income | 75/76B | €2,522 | €1,379 | -€1,143 | -45.3% |
| Recurring financial income | 75 | €2,522 | €1,379 | -€1,143 | -45.3% |
| Financial charges | 65/66B | €139 | €160 | +€22 | +15.7% |
| Recurring financial charges | 65 | €139 | €160 | +€22 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €85,754 | €89,218 | +€3,464 | +4.0% |
| Income taxes | 67/77 | €18,012 | €18,743 | +€731 | +4.1% |
| Profit (loss) for the period | 9904 | €67,743 | €70,476 | +€2,733 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,743 | €70,476 | +€2,733 | +4.0% |
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.