STV 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.
STV CONSULT
Largest movements
- Current investments +€138,759
up €138,759 (+21.9%), from €632,295 to €771,054
- Cash -€67,140
down €67,140 (-50.7%), from €132,368 to €65,228
mainly Current investments (-€138,759) and Debts after one year (-€20,312)
- Tangible fixed assets -€13,266
down €13,266 (-4.6%), from €286,865 to €273,599
of which Land and buildings: -€10,748
- Profit (loss) carried forward +€87,348
up €87,348 (+13.2%), from €662,826 to €750,174
- Debts after one year -€20,312
down €20,312 (-17.7%), from €114,752 to €94,440
No income-statement line moved by more than 1% of the activity.
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 | €1,053,304 | €1,111,658 | +€58,354 | +5.5% |
| Fixed assets | 21/28 | €286,865 | €273,599 | -€13,266 | -4.6% |
| Tangible fixed assets | 22/27 | €286,865 | €273,599 | -€13,266 | -4.6% |
| Land and buildings | 22 | €264,917 | €254,169 | -€10,748 | -4.1% |
| Plant, machinery and equipment | 23 | €21,546 | €19,398 | -€2,148 | -10.0% |
| Furniture and vehicles | 24 | €401 | €31 | -€370 | -92.2% |
| Current assets | 29/58 | €766,440 | €838,059 | +€71,619 | +9.3% |
| Amounts receivable within one year | 40/41 | €1,778 | €1,778 | = | 0.0% |
| Trade receivables | 40 | €1,778 | €1,778 | = | 0.0% |
| Current investments | 50/53 | €632,295 | €771,054 | +€138,759 | +21.9% |
| Cash at bank and in hand | 54/58 | €132,368 | €65,228 | -€67,140 | -50.7% |
| Total equity and liabilities | 10/49 | €1,053,304 | €1,111,658 | +€58,354 | +5.5% |
| Equity | 10/15 | €702,036 | €789,384 | +€87,348 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,610 | €20,610 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,610 | €20,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | €662,826 | €750,174 | +€87,348 | +13.2% |
| Amounts payable | 17/49 | €351,269 | €322,274 | -€28,994 | -8.3% |
| Amounts payable after more than one year | 17 | €114,752 | €94,440 | -€20,312 | -17.7% |
| Financial debts | 170/4 | €114,752 | €94,440 | -€20,312 | -17.7% |
| Amounts payable within one year | 42/48 | €236,517 | €227,834 | -€8,682 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €20,030 | €20,312 | +€282 | +1.4% |
| Other amounts payable | 47/48 | €216,486 | €207,522 | -€8,964 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,207 | €13,266 | +€59 | +0.4% |
| Other operating charges | 640/8 | €1,393 | €2,036 | +€643 | +46.2% |
| Gross operating margin | 9900 | €121,467 | €122,680 | +€1,213 | +1.0% |
| Operating profit (loss) | 9901 | €106,868 | €107,378 | +€510 | +0.5% |
| Financial income | 75/76B | €148 | €29 | -€119 | -80.2% |
| Recurring financial income | 75 | €148 | €29 | -€119 | -80.2% |
| Financial charges | 65/66B | €2,865 | €2,958 | +€94 | +3.3% |
| Recurring financial charges | 65 | €2,865 | €2,958 | +€94 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €104,151 | €104,449 | +€298 | +0.3% |
| Income taxes | 67/77 | €27,014 | €26,000 | -€1,014 | -3.8% |
| Profit (loss) for the period | 9904 | €77,136 | €78,449 | +€1,312 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,136 | €78,449 | +€1,312 | +1.7% |
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 10 October 2026 via checked.be.