STVH Consulting: 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 Consulting
Largest movements
- Tangible fixed assets +€57,614
up €57,614 (+1,203%), from €4,789 to €62,403
of which Furniture and vehicles: +€58,296
- Cash +€10,886
up €10,886 (+18.6%), from €58,438 to €69,324
mainly Net result for the year (+€52,718) and Depreciation (+€15,180)
- Receivables within one year -€1,815
down €1,815 (-9.4%), from €19,360 to €17,545
- Reserves +€52,718
new in 2025: €52,718
- Other debts +€7,115
up €7,115 (+66.8%), from €10,655 to €17,771
- Tax, wage and social debts +€6,821
up €6,821 (+36.5%), from €18,681 to €25,502
- Gross operating margin +€22,882
up €22,882 (+34.8%), from €65,672 to €88,554
- Depreciation +€14,904
up €14,904 (+5,400%), from €276 to €15,180
- Taxes +€7,312
up €7,312 (+55.8%), from €13,107 to €20,419
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 | €82,587 | €149,272 | +€66,685 | +80.7% |
| Fixed assets | 21/28 | €4,789 | €62,403 | +€57,614 | +1,203% |
| Tangible fixed assets | 22/27 | €4,789 | €62,403 | +€57,614 | +1,203% |
| Plant, machinery and equipment | 23 | €3,137 | €2,454 | -€683 | -21.8% |
| Furniture and vehicles | 24 | €1,653 | €59,949 | +€58,296 | +3,527% |
| Current assets | 29/58 | €77,798 | €86,869 | +€9,071 | +11.7% |
| Amounts receivable within one year | 40/41 | €19,360 | €17,545 | -€1,815 | -9.4% |
| Trade receivables | 40 | €19,360 | €17,545 | -€1,815 | -9.4% |
| Cash at bank and in hand | 54/58 | €58,438 | €69,324 | +€10,886 | +18.6% |
| Total equity and liabilities | 10/49 | €82,587 | €149,272 | +€66,685 | +80.7% |
| Equity | 10/15 | €53,251 | €105,969 | +€52,718 | +99.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €52,718 | +€52,718 | |
| Distributable reserves | 133 | - | €52,718 | +€52,718 | |
| Profit (loss) carried forward | 14 | €52,251 | €52,251 | = | 0.0% |
| Amounts payable | 17/49 | €29,337 | €43,303 | +€13,967 | +47.6% |
| Amounts payable within one year | 42/48 | €29,337 | €43,303 | +€13,967 | +47.6% |
| Trade debts | 44 | - | €30 | +€30 | |
| Suppliers | 440/4 | - | €30 | +€30 | |
| Taxes, remuneration and social security | 45 | €18,681 | €25,502 | +€6,821 | +36.5% |
| Taxes | 450/3 | €18,681 | €25,502 | +€6,821 | +36.5% |
| Other amounts payable | 47/48 | €10,655 | €17,771 | +€7,115 | +66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276 | €15,180 | +€14,904 | +5,400% |
| Other operating charges | 640/8 | - | €186 | +€186 | |
| Gross operating margin | 9900 | €65,672 | €88,554 | +€22,882 | +34.8% |
| Operating profit (loss) | 9901 | €65,396 | €73,189 | +€7,793 | +11.9% |
| Financial charges | 65/66B | €38 | €51 | +€14 | +36.9% |
| Recurring financial charges | 65 | €38 | €51 | +€14 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €65,358 | €73,137 | +€7,779 | +11.9% |
| Income taxes | 67/77 | €13,107 | €20,419 | +€7,312 | +55.8% |
| Profit (loss) for the period | 9904 | €52,251 | €52,718 | +€468 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,251 | €52,718 | +€468 | +0.9% |
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.