STVH CONSULTANCY: 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.
STVH CONSULTANCY
Largest movements
- Receivables within one year -€54,866
down €54,866 (-34.2%), from €160,494 to €105,627
of which Trade receivables: -€47,260
- Cash +€49,077
up €49,077 (+3,979%), from €1,233 to €50,311
mainly Receivables within one year (+€54,866) and Net result for the year (+€40,946)
- Tangible fixed assets -€28,218
down €28,218 (-8.0%), from €351,910 to €323,692
of which Furniture and vehicles: -€16,907
- Debts after one year -€30,139
down €30,139 (-21.8%), from €138,006 to €107,867
- Current portion of long-term debt -€13,938
down €13,938 (-31.1%), from €44,837 to €30,899
- Tax, wage and social debts +€12,551
up €12,551 (+56.1%), from €22,391 to €34,942
- Financial charges -€9,057
down €9,057, from €8,646 to -€411
- Gross operating margin -€6,044
down €6,044 (-6.2%), from €97,499 to €91,455
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 | €517,054 | €483,876 | -€33,178 | -6.4% |
| Fixed assets | 21/28 | €351,910 | €323,692 | -€28,218 | -8.0% |
| Tangible fixed assets | 22/27 | €351,910 | €323,692 | -€28,218 | -8.0% |
| Land and buildings | 22 | €264,000 | €264,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €47,665 | €36,551 | -€11,114 | -23.3% |
| Furniture and vehicles | 24 | €40,047 | €23,141 | -€16,907 | -42.2% |
| Other tangible fixed assets | 26 | €198 | €0 | -€198 | -100% |
| Current assets | 29/58 | €165,144 | €160,184 | -€4,960 | -3.0% |
| Amounts receivable within one year | 40/41 | €160,494 | €105,627 | -€54,866 | -34.2% |
| Trade receivables | 40 | €121,070 | €73,810 | -€47,260 | -39.0% |
| Other amounts receivable | 41 | €39,424 | €31,818 | -€7,606 | -19.3% |
| Cash at bank and in hand | 54/58 | €1,233 | €50,311 | +€49,077 | +3,979% |
| Deferred charges and accrued income | 490/1 | €3,417 | €4,246 | +€829 | +24.3% |
| Total equity and liabilities | 10/49 | €517,054 | €483,876 | -€33,178 | -6.4% |
| Equity | 10/15 | €310,317 | €309,765 | -€552 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €291,717 | €291,165 | -€552 | -0.2% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €289,857 | €291,165 | +€1,308 | +0.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €206,736 | €174,111 | -€32,625 | -15.8% |
| Amounts payable after more than one year | 17 | €138,006 | €107,867 | -€30,139 | -21.8% |
| Financial debts | 170/4 | €138,006 | €107,867 | -€30,139 | -21.8% |
| Amounts payable within one year | 42/48 | €68,731 | €66,244 | -€2,487 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €44,837 | €30,899 | -€13,938 | -31.1% |
| Trade debts | 44 | €1,503 | €404 | -€1,099 | -73.1% |
| Suppliers | 440/4 | €1,503 | €404 | -€1,099 | -73.1% |
| Taxes, remuneration and social security | 45 | €22,391 | €34,942 | +€12,551 | +56.1% |
| Taxes | 450/3 | €22,391 | €34,942 | +€12,551 | +56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,531 | €33,475 | +€944 | +2.9% |
| Other operating charges | 640/8 | €686 | €1,075 | +€390 | +56.8% |
| Gross operating margin | 9900 | €97,499 | €91,455 | -€6,044 | -6.2% |
| Operating profit (loss) | 9901 | €64,283 | €56,905 | -€7,378 | -11.5% |
| Financial income | 75/76B | €1,131 | €1,592 | +€461 | +40.8% |
| Recurring financial income | 75 | €1,131 | €1,592 | +€461 | +40.8% |
| Financial charges | 65/66B | €8,646 | -€411 | -€9,057 | |
| Recurring financial charges | 65 | €8,646 | -€411 | -€9,057 | |
| Profit (loss) for the period before taxes | 9903 | €56,768 | €58,907 | +€2,140 | +3.8% |
| Income taxes | 67/77 | €17,194 | €17,961 | +€767 | +4.5% |
| Profit (loss) for the period | 9904 | €39,573 | €40,946 | +€1,373 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,573 | €40,946 | +€1,373 | +3.5% |
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 19 October 2026 via checked.be.