STTS: 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.
STTS
Largest movements
- Receivables within one year +€140,969
up €140,969 (+228.2%), from €61,773 to €202,742
of which Other amounts receivable: +€187,955
- Tangible fixed assets +€61,967
up €61,967 (+11.7%), from €529,832 to €591,799
of which Land and buildings: +€62,264
- Reserves +€144,742
up €144,742 (+38.6%), from €375,326 to €520,067
of which Distributable reserves: +€144,742
- Other debts -€88,878
down €88,878 (-73.8%), from €120,402 to €31,524
- Trade debts +€57,764
up €57,764 (+156.7%), from €36,856 to €94,620
- Tax, wage and social debts +€46,432
up €46,432 (+114.8%), from €40,441 to €86,873
- Current portion of long-term debt +€30,406
up €30,406 (+38.5%), from €78,970 to €109,376
- Gross operating margin +€112,066
up €112,066 (+69.8%), from €160,639 to €272,705
- Taxes +€34,042
up €34,042 (+98.0%), from €34,737 to €68,779
- Depreciation +€9,162
up €9,162 (+25.7%), from €35,666 to €44,828
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 | €1,276,168 | €1,474,935 | +€198,766 | +15.6% |
| Fixed assets | 21/28 | €1,060,791 | €1,122,758 | +€61,967 | +5.8% |
| Tangible fixed assets | 22/27 | €529,832 | €591,799 | +€61,967 | +11.7% |
| Land and buildings | 22 | €529,536 | €591,799 | +€62,264 | +11.8% |
| Furniture and vehicles | 24 | €297 | €0 | -€297 | -100.0% |
| Financial fixed assets | 28 | €530,959 | €530,959 | = | 0.0% |
| Current assets | 29/58 | €215,377 | €352,177 | +€136,799 | +63.5% |
| Amounts receivable after more than one year | 29 | €98,730 | €92,700 | -€6,030 | -6.1% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €98,730 | €92,700 | -€6,030 | -6.1% |
| Amounts receivable within one year | 40/41 | €61,773 | €202,742 | +€140,969 | +228.2% |
| Trade receivables | 40 | €48,806 | €1,820 | -€46,986 | -96.3% |
| Other amounts receivable | 41 | €12,967 | €200,922 | +€187,955 | +1449.5% |
| Cash at bank and in hand | 54/58 | €54,251 | €53,680 | -€571 | -1.1% |
| Deferred charges and accrued income | 490/1 | €623 | €3,055 | +€2,432 | +390.1% |
| Total equity and liabilities | 10/49 | €1,276,168 | €1,474,935 | +€198,766 | +15.6% |
| Equity | 10/15 | €639,694 | €784,436 | +€144,742 | +22.6% |
| Contributions | 10/11 | €264,368 | €264,368 | = | 0.0% |
| Capital | 10 | €264,368 | €264,368 | = | 0.0% |
| Issued capital | 100 | €264,368 | €264,368 | = | 0.0% |
| Reserves | 13 | €375,326 | €520,067 | +€144,742 | +38.6% |
| Non-distributable reserves | 130/1 | €26,437 | €26,437 | = | 0.0% |
| Legal reserve | 130 | €26,437 | €26,437 | = | 0.0% |
| Distributable reserves | 133 | €348,889 | €493,631 | +€144,742 | +41.5% |
| Amounts payable | 17/49 | €636,475 | €690,499 | +€54,025 | +8.5% |
| Amounts payable after more than one year | 17 | €359,805 | €368,107 | +€8,302 | +2.3% |
| Financial debts | 170/4 | €359,805 | €368,107 | +€8,302 | +2.3% |
| Amounts payable within one year | 42/48 | €276,669 | €322,392 | +€45,723 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €78,970 | €109,376 | +€30,406 | +38.5% |
| Trade debts | 44 | €36,856 | €94,620 | +€57,764 | +156.7% |
| Suppliers | 440/4 | €36,856 | €94,620 | +€57,764 | +156.7% |
| Taxes, remuneration and social security | 45 | €40,441 | €86,873 | +€46,432 | +114.8% |
| Taxes | 450/3 | €40,441 | €86,873 | +€46,432 | +114.8% |
| Other amounts payable | 47/48 | €120,402 | €31,524 | -€88,878 | -73.8% |
| Non-recurring operating income | 76A | €2,651 | €0 | -€2,651 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,666 | €44,828 | +€9,162 | +25.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,763 | €2,629 | -€1,134 | -30.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €160,639 | €272,705 | +€112,066 | +69.8% |
| Operating profit (loss) | 9901 | €121,210 | €225,248 | +€104,037 | +85.8% |
| Financial income | 75/76B | €575 | €1,424 | +€849 | +147.5% |
| Recurring financial income | 75 | €575 | €1,424 | +€849 | +147.5% |
| Financial charges | 65/66B | €12,210 | €13,151 | +€941 | +7.7% |
| Recurring financial charges | 65 | €12,210 | €13,151 | +€941 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €109,576 | €213,520 | +€103,945 | +94.9% |
| Income taxes | 67/77 | €34,737 | €68,779 | +€34,042 | +98.0% |
| Profit (loss) for the period | 9904 | €74,839 | €144,742 | +€69,903 | +93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,839 | €144,742 | +€69,903 | +93.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.