STVK: 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.
STVK
Largest movements
- Deferred charges and accrued income +€1,771
up €1,771 (+476%), from €372 to €2,142
- Receivables within one year +€1,736
up €1,736 (+16.3%), from €10,662 to €12,398
- Cash +€434
up €434 (+706%), from €62 to €496
mainly Other debts (+€2,858) and Trade debts (+€1,394)
- Other debts +€2,858
up €2,858 (+334%), from €855 to €3,713
- Trade debts +€1,394
up €1,394 (+2,497%), from €56 to €1,450
- Advances received +€666
new in 2025: €666
- Reserves -€647
down €647 (-13.8%), from €4,692 to €4,045
- Tax, wage and social debts -€330
down €330 (-8.3%), from €3,992 to €3,663
of which Taxes: -€694
- Gross operating margin -€6,569
down €6,569, from €6,038 to -€531
- Taxes -€1,219
down €1,219 (-95.1%), from €1,281 to €62
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 | €11,095 | €15,036 | +€3,941 | +35.5% |
| Current assets | 29/58 | €11,095 | €15,036 | +€3,941 | +35.5% |
| Amounts receivable within one year | 40/41 | €10,662 | €12,398 | +€1,736 | +16.3% |
| Trade receivables | 40 | €10,662 | €12,398 | +€1,736 | +16.3% |
| Cash at bank and in hand | 54/58 | €62 | €496 | +€434 | +706% |
| Deferred charges and accrued income | 490/1 | €372 | €2,142 | +€1,771 | +476% |
| Total equity and liabilities | 10/49 | €11,095 | €15,036 | +€3,941 | +35.5% |
| Equity | 10/15 | €6,192 | €5,545 | -€647 | -10.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €4,692 | €4,045 | -€647 | -13.8% |
| Distributable reserves | 133 | €4,692 | €4,045 | -€647 | -13.8% |
| Amounts payable | 17/49 | €4,903 | €9,491 | +€4,588 | +93.6% |
| Amounts payable within one year | 42/48 | €4,903 | €9,491 | +€4,588 | +93.6% |
| Trade debts | 44 | €56 | €1,450 | +€1,394 | +2,497% |
| Suppliers | 440/4 | €56 | €1,450 | +€1,394 | +2,497% |
| Advances received on contracts in progress | 46 | - | €666 | +€666 | |
| Taxes, remuneration and social security | 45 | €3,992 | €3,663 | -€330 | -8.3% |
| Taxes | 450/3 | €3,992 | €3,298 | -€694 | -17.4% |
| Remuneration and social security | 454/9 | - | €365 | +€365 | |
| Other amounts payable | 47/48 | €855 | €3,713 | +€2,858 | +334% |
| Other operating charges | 640/8 | €50 | €0 | -€50 | -100% |
| Gross operating margin | 9900 | €6,038 | -€531 | -€6,569 | |
| Operating profit (loss) | 9901 | €5,988 | -€531 | -€6,519 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €14 | €54 | +€40 | +282% |
| Recurring financial charges | 65 | €14 | €54 | +€40 | +282% |
| Profit (loss) for the period before taxes | 9903 | €5,973 | -€585 | -€6,559 | |
| Income taxes | 67/77 | €1,281 | €62 | -€1,219 | -95.1% |
| Profit (loss) for the period | 9904 | €4,692 | -€647 | -€5,340 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,692 | -€647 | -€5,340 |
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 25 October 2026 via checked.be.