STY-bestratingen: 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.
STY-bestratingen
Largest movements
- Receivables within one year +€48,026
up €48,026 (+118%), from €40,848 to €88,874
of which Trade receivables: +€43,085
- Cash -€3,445
down €3,445 (-56.1%), from €6,138 to €2,693
mainly Receivables within one year (-€48,026)
- Trade debts +€32,909
up €32,909 (+7,157%), from €460 to €33,369
- Reserves +€9,748
up €9,748 (+28.7%), from €34,008 to €43,755
- Accrued charges and deferred income +€1,300
new in 2025: €1,300
- Gross operating margin -€37,791
down €37,791 (-79.6%), from €47,468 to €9,677
- Financial income +€1,180
up €1,180 (+262%), from €450 to €1,630
- Taxes +€625
new in 2025: €625
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 | €46,985 | €91,566 | +€44,581 | +94.9% |
| Current assets | 29/58 | €46,985 | €91,566 | +€44,581 | +94.9% |
| Amounts receivable within one year | 40/41 | €40,848 | €88,874 | +€48,026 | +118% |
| Trade receivables | 40 | - | €43,085 | +€43,085 | |
| Other amounts receivable | 41 | €40,848 | €45,789 | +€4,941 | +12.1% |
| Cash at bank and in hand | 54/58 | €6,138 | €2,693 | -€3,445 | -56.1% |
| Total equity and liabilities | 10/49 | €46,985 | €91,566 | +€44,581 | +94.9% |
| Equity | 10/15 | €46,408 | €56,155 | +€9,748 | +21.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €34,008 | €43,755 | +€9,748 | +28.7% |
| Distributable reserves | 133 | €34,008 | €43,755 | +€9,748 | +28.7% |
| Amounts payable | 17/49 | €578 | €35,411 | +€34,833 | +6,028% |
| Amounts payable within one year | 42/48 | €578 | €34,111 | +€33,533 | +5,803% |
| Trade debts | 44 | €460 | €33,369 | +€32,909 | +7,157% |
| Suppliers | 440/4 | €460 | €33,369 | +€32,909 | +7,157% |
| Taxes, remuneration and social security | 45 | - | €625 | +€625 | |
| Taxes | 450/3 | - | €625 | +€625 | |
| Other amounts payable | 47/48 | €118 | €118 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,300 | +€1,300 | |
| Other operating charges | 640/8 | €715 | €819 | +€104 | +14.5% |
| Gross operating margin | 9900 | €47,468 | €9,677 | -€37,791 | -79.6% |
| Operating profit (loss) | 9901 | €46,752 | €8,858 | -€37,894 | -81.1% |
| Financial income | 75/76B | €450 | €1,630 | +€1,180 | +262% |
| Recurring financial income | 75 | €450 | €1,630 | +€1,180 | +262% |
| Financial charges | 65/66B | €116 | €116 | +€0 | 0.0% |
| Recurring financial charges | 65 | €116 | €116 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €47,087 | €10,372 | -€36,714 | -78.0% |
| Income taxes | 67/77 | - | €625 | +€625 | |
| Profit (loss) for the period | 9904 | €47,087 | €9,748 | -€37,339 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,087 | €9,748 | -€37,339 | -79.3% |
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.