STV Law: 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 Law
Largest movements
- Cash +€15,838
up €15,838 (+444%), from €3,565 to €19,403
mainly Net result for the year (+€14,676) and Receivables within one year (+€2,531)
- Receivables within one year -€2,531
down €2,531 (-79.2%), from €3,194 to €663
- Tangible fixed assets -€975
down €975 (-17.8%), from €5,469 to €4,494
of which Furniture and vehicles: -€775
- Reserves +€14,676
up €14,676 (+403%), from €3,638 to €18,313
- Tax, wage and social debts -€2,722
down €2,722 (-64.4%), from €4,223 to €1,502
- Trade debts +€379
new in 2025: €379
- Gross operating margin +€16,501
up €16,501 (+266%), from €6,211 to €22,712
- Taxes +€4,696
up €4,696 (+260%), from €1,806 to €6,502
- Depreciation +€569
up €569 (+140%), from €406 to €975
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 | €12,361 | €24,693 | +€12,333 | +99.8% |
| Fixed assets | 21/28 | €5,469 | €4,494 | -€975 | -17.8% |
| Tangible fixed assets | 22/27 | €5,469 | €4,494 | -€975 | -17.8% |
| Plant, machinery and equipment | 23 | €1,849 | €1,649 | -€200 | -10.8% |
| Furniture and vehicles | 24 | €3,620 | €2,845 | -€775 | -21.4% |
| Current assets | 29/58 | €6,892 | €20,199 | +€13,308 | +193% |
| Amounts receivable within one year | 40/41 | €3,194 | €663 | -€2,531 | -79.2% |
| Other amounts receivable | 41 | €3,194 | €663 | -€2,531 | -79.2% |
| Cash at bank and in hand | 54/58 | €3,565 | €19,403 | +€15,838 | +444% |
| Deferred charges and accrued income | 490/1 | €133 | €133 | = | 0.0% |
| Total equity and liabilities | 10/49 | €12,361 | €24,693 | +€12,333 | +99.8% |
| Equity | 10/15 | €8,138 | €22,813 | +€14,676 | +180% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €3,638 | €18,313 | +€14,676 | +403% |
| Distributable reserves | 133 | €3,638 | €18,313 | +€14,676 | +403% |
| Amounts payable | 17/49 | €4,223 | €1,880 | -€2,343 | -55.5% |
| Amounts payable within one year | 42/48 | €4,223 | €1,880 | -€2,343 | -55.5% |
| Trade debts | 44 | - | €379 | +€379 | |
| Suppliers | 440/4 | - | €379 | +€379 | |
| Taxes, remuneration and social security | 45 | €4,223 | €1,502 | -€2,722 | -64.4% |
| Taxes | 450/3 | €4,223 | €1,502 | -€2,722 | -64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406 | €975 | +€569 | +140% |
| Other operating charges | 640/8 | €331 | €520 | +€189 | +57.0% |
| Gross operating margin | 9900 | €6,211 | €22,712 | +€16,501 | +266% |
| Operating profit (loss) | 9901 | €5,474 | €21,218 | +€15,744 | +288% |
| Financial charges | 65/66B | €30 | €40 | +€10 | +33.3% |
| Recurring financial charges | 65 | €30 | €40 | +€10 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €5,444 | €21,177 | +€15,733 | +289% |
| Income taxes | 67/77 | €1,806 | €6,502 | +€4,696 | +260% |
| Profit (loss) for the period | 9904 | €3,638 | €14,676 | +€11,038 | +303% |
| Profit (loss) for the period to be appropriated | 9905 | €3,638 | €14,676 | +€11,038 | +303% |
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 23 October 2026 via checked.be.