STVWORKS: 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.
STVWORKS
Largest movements
- Receivables within one year +€6,050
up €6,050 (+74.7%), from €8,100 to €14,150
of which Trade receivables: +€6,050
- Profit (loss) carried forward +€5,000
up €5,000 (+16.3%), from -€30,592 to -€25,592
- Gross operating margin +€4,400
up €4,400 (+733%), from €600 to €5,000
- Financial charges -€57
down €57 (-100%), from €57 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,963 | €114,013 | +€6,050 | +5.6% |
| Fixed assets | 21/28 | €99,807 | €99,807 | = | 0.0% |
| Intangible fixed assets | 21 | €42,285 | €42,285 | = | 0.0% |
| Financial fixed assets | 28 | €57,522 | €57,522 | = | 0.0% |
| Current assets | 29/58 | €8,156 | €14,206 | +€6,050 | +74.2% |
| Amounts receivable within one year | 40/41 | €8,100 | €14,150 | +€6,050 | +74.7% |
| Trade receivables | 40 | €1,364 | €7,414 | +€6,050 | +444% |
| Other amounts receivable | 41 | €6,736 | €6,736 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €56 | €56 | = | 0.0% |
| Total equity and liabilities | 10/49 | €107,963 | €114,013 | +€6,050 | +5.6% |
| Equity | 10/15 | €102,782 | €107,782 | +€5,000 | +4.9% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Contributions outside capital | 11 | €130,000 | €130,000 | = | 0.0% |
| Other | 1109/19 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €3,374 | €3,374 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,374 | €3,374 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,374 | €3,374 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,592 | -€25,592 | +€5,000 | +16.3% |
| Amounts payable | 17/49 | €5,181 | €6,231 | +€1,050 | +20.3% |
| Amounts payable within one year | 42/48 | €5,181 | €6,231 | +€1,050 | +20.3% |
| Financial debts | 43 | €852 | €852 | = | 0.0% |
| Credit institutions | 430/8 | €852 | €852 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,329 | €5,379 | +€1,050 | +24.3% |
| Taxes | 450/3 | €4,329 | €5,379 | +€1,050 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Gross operating margin | 9900 | €600 | €5,000 | +€4,400 | +733% |
| Operating profit (loss) | 9901 | €600 | €5,000 | +€4,400 | +733% |
| Financial charges | 65/66B | €57 | €0 | -€57 | -100% |
| Recurring financial charges | 65 | €57 | €0 | -€57 | -100% |
| Profit (loss) for the period before taxes | 9903 | €543 | €5,000 | +€4,457 | +820% |
| Profit (loss) for the period | 9904 | €543 | €5,000 | +€4,457 | +820% |
| Profit (loss) for the period to be appropriated | 9905 | €543 | €5,000 | +€4,457 | +820% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.