THG ST.VITH: 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.
THG ST.VITH
Largest movements
- Receivables within one year -€312,255
down €312,255 (-35.7%), from €874,925 to €562,670
of which Other amounts receivable: -€241,077
- Cash +€101,318
up €101,318 (+877%), from €11,551 to €112,869
mainly Receivables within one year (+€312,255) and Net result for the year (+€281,980)
- Deferred charges and accrued income -€12,286
down €12,286 (-55.2%), from €22,272 to €9,987
- Short-term financial debts -€182,057
no longer reported in 2025 (was €182,057)
- Trade debts -€79,072
down €79,072 (-20.2%), from €391,473 to €312,401
- Profit (loss) carried forward +€66,980
up €66,980 (+122%), from €54,823 to €121,803
- Other debts -€35,000
down €35,000 (-14.0%), from €250,000 to €215,000
- Gross operating margin +€97,090
up €97,090 (+28.5%), from €340,820 to €437,911
- Taxes +€24,436
up €24,436 (+460%), from €5,314 to €29,750
- Financial charges -€7,840
down €7,840 (-46.7%), from €16,786 to €8,945
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 | €1,000,326 | €765,379 | -€234,947 | -23.5% |
| Fixed assets | 21/28 | €42,332 | €29,659 | -€12,673 | -29.9% |
| Intangible fixed assets | 21 | €6,122 | - | -€6,122 | |
| Tangible fixed assets | 22/27 | €34,209 | €27,659 | -€6,550 | -19.1% |
| Land and buildings | 22 | €9,824 | €7,794 | -€2,029 | -20.7% |
| Plant, machinery and equipment | 23 | €608 | €401 | -€207 | -34.1% |
| Furniture and vehicles | 24 | €23,778 | €19,464 | -€4,314 | -18.1% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €957,994 | €735,720 | -€222,274 | -23.2% |
| Stocks and contracts in progress | 3 | €49,245 | €50,195 | +€950 | +1.9% |
| Contracts in progress | 37 | €49,245 | €50,195 | +€950 | +1.9% |
| Amounts receivable within one year | 40/41 | €874,925 | €562,670 | -€312,255 | -35.7% |
| Trade receivables | 40 | €623,055 | €551,876 | -€71,179 | -11.4% |
| Other amounts receivable | 41 | €251,870 | €10,794 | -€241,077 | -95.7% |
| Cash at bank and in hand | 54/58 | €11,551 | €112,869 | +€101,318 | +877% |
| Deferred charges and accrued income | 490/1 | €22,272 | €9,987 | -€12,286 | -55.2% |
| Total equity and liabilities | 10/49 | €1,000,326 | €765,379 | -€234,947 | -23.5% |
| Equity | 10/15 | €124,383 | €191,363 | +€66,980 | +53.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €7,560 | €7,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,560 | €7,560 | = | 0.0% |
| Legal reserve | 130 | €7,560 | €7,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,823 | €121,803 | +€66,980 | +122% |
| Amounts payable | 17/49 | €875,943 | €574,016 | -€301,927 | -34.5% |
| Amounts payable within one year | 42/48 | €874,731 | €573,424 | -€301,307 | -34.4% |
| Financial debts | 43 | €182,057 | - | -€182,057 | |
| Credit institutions | 430/8 | €182,057 | - | -€182,057 | |
| Trade debts | 44 | €391,473 | €312,401 | -€79,072 | -20.2% |
| Suppliers | 440/4 | €391,473 | €312,401 | -€79,072 | -20.2% |
| Taxes, remuneration and social security | 45 | €51,202 | €46,024 | -€5,178 | -10.1% |
| Taxes | 450/3 | €43,057 | €38,496 | -€4,561 | -10.6% |
| Remuneration and social security | 454/9 | €8,145 | €7,528 | -€617 | -7.6% |
| Other amounts payable | 47/48 | €250,000 | €215,000 | -€35,000 | -14.0% |
| Accrued charges and deferred income | 492/3 | €1,212 | €592 | -€620 | -51.2% |
| Non-recurring operating income | 76A | - | €38,750 | +€38,750 | |
| Remuneration, social security and pensions | 62 | €58,985 | €55,968 | -€3,016 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,659 | €12,673 | -€1,986 | -13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,422 | +€1,422 | |
| Other operating charges | 640/8 | €1,974 | €2,676 | +€702 | +35.6% |
| Non-recurring operating charges | 66A | €49 | €50,000 | +€49,951 | +101,567% |
| Gross operating margin | 9900 | €340,820 | €437,911 | +€97,090 | +28.5% |
| Operating profit (loss) | 9901 | €265,154 | €315,172 | +€50,018 | +18.9% |
| Financial income | 75/76B | €9,769 | €5,504 | -€4,265 | -43.7% |
| Recurring financial income | 75 | €9,769 | €5,504 | -€4,265 | -43.7% |
| Financial charges | 65/66B | €16,786 | €8,945 | -€7,840 | -46.7% |
| Recurring financial charges | 65 | €16,786 | €8,945 | -€7,840 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €258,137 | €311,730 | +€53,593 | +20.8% |
| Income taxes | 67/77 | €5,314 | €29,750 | +€24,436 | +460% |
| Profit (loss) for the period | 9904 | €252,823 | €281,980 | +€29,157 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €252,823 | €281,980 | +€29,157 | +11.5% |
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 16 October 2026 via checked.be.