STYG: 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.
STYG
Largest movements
- Tangible fixed assets -€19,423
down €19,423 (-3.1%), from €629,995 to €610,572
of which Land and buildings: -€16,371
- Receivables within one year -€12,186
down €12,186 (-33.8%), from €36,033 to €23,848
of which Trade receivables: -€11,922
- Cash -€8,588
down €8,588 (-39.6%), from €21,700 to €13,113
mainly Debts after one year (-€40,133) and Other debts (-€35,595)
- Debts after one year -€40,133
down €40,133 (-8.6%), from €464,100 to €423,966
- Reserves +€37,221
up €37,221 (+38.9%), from €95,699 to €132,920
of which Distributable reserves: +€37,221
- Other debts -€35,595
down €35,595 (-62.0%), from €57,430 to €21,835
- Trade debts -€7,271
down €7,271 (-78.8%), from €9,224 to €1,953
- Gross operating margin -€28,298
down €28,298 (-23.2%), from €122,201 to €93,902
- Financial charges -€2,712
down €2,712 (-13.2%), from €20,543 to €17,831
- Taxes +€2,061
up €2,061 (+15.6%), from €13,199 to €15,259
- Depreciation -€1,901
down €1,901 (-8.4%), from €22,517 to €20,616
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.
Cash bridge derived
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 | €698,756 | €654,467 | -€44,289 | -6.3% |
| Fixed assets | 21/28 | €630,295 | €610,872 | -€19,423 | -3.1% |
| Tangible fixed assets | 22/27 | €629,995 | €610,572 | -€19,423 | -3.1% |
| Land and buildings | 22 | €596,736 | €580,365 | -€16,371 | -2.7% |
| Furniture and vehicles | 24 | €1,136 | €824 | -€312 | -27.5% |
| Other tangible fixed assets | 26 | €32,123 | €29,383 | -€2,740 | -8.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €68,461 | €43,595 | -€24,866 | -36.3% |
| Amounts receivable within one year | 40/41 | €36,033 | €23,848 | -€12,186 | -33.8% |
| Trade receivables | 40 | €35,468 | €23,546 | -€11,922 | -33.6% |
| Other amounts receivable | 41 | €565 | €302 | -€264 | -46.7% |
| Current investments | 50/53 | €4,741 | - | -€4,741 | |
| Cash at bank and in hand | 54/58 | €21,700 | €13,113 | -€8,588 | -39.6% |
| Deferred charges and accrued income | 490/1 | €5,986 | €6,635 | +€649 | +10.8% |
| Total equity and liabilities | 10/49 | €698,756 | €654,467 | -€44,289 | -6.3% |
| Equity | 10/15 | €118,019 | €155,240 | +€37,221 | +31.5% |
| Contributions | 10/11 | €22,320 | €22,320 | = | 0.0% |
| Reserves | 13 | €95,699 | €132,920 | +€37,221 | +38.9% |
| Tax-exempt reserves | 132 | €14,212 | €14,212 | = | 0.0% |
| Distributable reserves | 133 | €81,487 | €118,708 | +€37,221 | +45.7% |
| Amounts payable | 17/49 | €580,738 | €499,227 | -€81,510 | -14.0% |
| Amounts payable after more than one year | 17 | €464,100 | €423,966 | -€40,133 | -8.6% |
| Financial debts | 170/4 | €464,100 | €423,966 | -€40,133 | -8.6% |
| Amounts payable within one year | 42/48 | €115,635 | €74,420 | -€41,215 | -35.6% |
| Current portion of amounts payable after more than one year | 42 | €40,133 | €40,133 | = | 0.0% |
| Trade debts | 44 | €9,224 | €1,953 | -€7,271 | -78.8% |
| Suppliers | 440/4 | €9,224 | €1,953 | -€7,271 | -78.8% |
| Taxes, remuneration and social security | 45 | €8,848 | €10,499 | +€1,651 | +18.7% |
| Taxes | 450/3 | €8,848 | €10,499 | +€1,651 | +18.7% |
| Other amounts payable | 47/48 | €57,430 | €21,835 | -€35,595 | -62.0% |
| Accrued charges and deferred income | 492/3 | €1,003 | €841 | -€162 | -16.1% |
| Non-recurring operating income | 76A | - | €668 | +€668 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,517 | €20,616 | -€1,901 | -8.4% |
| Other operating charges | 640/8 | €1,826 | €1,759 | -€67 | -3.7% |
| Gross operating margin | 9900 | €122,201 | €93,902 | -€28,298 | -23.2% |
| Operating profit (loss) | 9901 | €97,857 | €71,527 | -€26,330 | -26.9% |
| Financial income | 75/76B | €40 | €23 | -€17 | -43.2% |
| Recurring financial income | 75 | €40 | €23 | -€17 | -43.2% |
| Financial charges | 65/66B | €20,543 | €17,831 | -€2,712 | -13.2% |
| Recurring financial charges | 65 | €20,543 | €17,831 | -€2,712 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €77,354 | €53,719 | -€23,635 | -30.6% |
| Income taxes | 67/77 | €13,199 | €15,259 | +€2,061 | +15.6% |
| Profit (loss) for the period | 9904 | €64,156 | €38,460 | -€25,696 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,156 | €38,460 | -€25,696 | -40.1% |
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 12 October 2026 via checked.be.