S.T.S. DESIGN & ENGINEERING: 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.
S.T.S. DESIGN & ENGINEERING
Largest movements
- Receivables within one year +€178,125
up €178,125 (+139%), from €128,369 to €306,494
of which Other amounts receivable: +€177,094
- Receivables after one year -€153,061
no longer reported in 2025 (was €153,061)
- Cash +€12,438
up €12,438 (+265%), from €4,701 to €17,139
mainly Receivables after one year (+€153,061) and Net result for the year (+€40,009)
- Reserves +€40,000
up €40,000 (+20.5%), from €194,900 to €234,900
- Current portion of long-term debt -€5,163
down €5,163 (-74.0%), from €6,975 to €1,812
- Other operating charges -€2,288
down €2,288 (-73.6%), from €3,109 to €821
- Gross operating margin -€1,008
down €1,008 (-1.9%), from €54,386 to €53,378
- Financial charges -€956
down €956 (-14.1%), from €6,776 to €5,819
- Financial income +€761
up €761 (+6.9%), from €11,066 to €11,827
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 | €296,218 | €331,008 | +€34,790 | +11.7% |
| Fixed assets | 21/28 | €949 | €236 | -€712 | -75.1% |
| Tangible fixed assets | 22/27 | €939 | €226 | -€712 | -75.9% |
| Plant, machinery and equipment | 23 | €939 | €226 | -€712 | -75.9% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €295,269 | €330,772 | +€35,502 | +12.0% |
| Amounts receivable after more than one year | 29 | €153,061 | - | -€153,061 | |
| Other amounts receivable | 291 | €153,061 | - | -€153,061 | |
| Amounts receivable within one year | 40/41 | €128,369 | €306,494 | +€178,125 | +139% |
| Trade receivables | 40 | €13,367 | €14,399 | +€1,032 | +7.7% |
| Other amounts receivable | 41 | €115,001 | €292,095 | +€177,094 | +154% |
| Cash at bank and in hand | 54/58 | €4,701 | €17,139 | +€12,438 | +265% |
| Deferred charges and accrued income | 490/1 | €9,138 | €7,139 | -€1,999 | -21.9% |
| Total equity and liabilities | 10/49 | €296,218 | €331,008 | +€34,790 | +11.7% |
| Equity | 10/15 | €229,020 | €269,029 | +€40,009 | +17.5% |
| Contributions | 10/11 | €9,800 | €9,800 | = | 0.0% |
| Reserves | 13 | €194,900 | €234,900 | +€40,000 | +20.5% |
| Distributable reserves | 133 | €194,900 | €234,900 | +€40,000 | +20.5% |
| Profit (loss) carried forward | 14 | €24,320 | €24,329 | +€9 | 0.0% |
| Amounts payable | 17/49 | €67,197 | €61,979 | -€5,218 | -7.8% |
| Amounts payable after more than one year | 17 | €1,812 | - | -€1,812 | |
| Financial debts | 170/4 | €1,812 | - | -€1,812 | |
| Amounts payable within one year | 42/48 | €65,184 | €61,623 | -€3,561 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €6,975 | €1,812 | -€5,163 | -74.0% |
| Financial debts | 43 | €7,291 | €7,497 | +€206 | +2.8% |
| Credit institutions | 430/8 | €7,291 | €7,497 | +€206 | +2.8% |
| Trade debts | 44 | €2,283 | €3,007 | +€724 | +31.7% |
| Suppliers | 440/4 | €2,283 | €3,007 | +€724 | +31.7% |
| Taxes, remuneration and social security | 45 | €48,635 | €49,307 | +€672 | +1.4% |
| Taxes | 450/3 | €48,635 | €49,307 | +€672 | +1.4% |
| Accrued charges and deferred income | 492/3 | €202 | €356 | +€154 | +76.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €742 | €712 | -€30 | -4.0% |
| Other operating charges | 640/8 | €3,109 | €821 | -€2,288 | -73.6% |
| Gross operating margin | 9900 | €54,386 | €53,378 | -€1,008 | -1.9% |
| Operating profit (loss) | 9901 | €50,534 | €51,844 | +€1,310 | +2.6% |
| Financial income | 75/76B | €11,066 | €11,827 | +€761 | +6.9% |
| Recurring financial income | 75 | €11,066 | €11,827 | +€761 | +6.9% |
| Financial charges | 65/66B | €6,776 | €5,819 | -€956 | -14.1% |
| Recurring financial charges | 65 | €6,776 | €5,819 | -€956 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €54,825 | €57,852 | +€3,028 | +5.5% |
| Income taxes | 67/77 | €17,811 | €17,844 | +€33 | +0.2% |
| Profit (loss) for the period | 9904 | €37,014 | €40,009 | +€2,995 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,014 | €40,009 | +€2,995 | +8.1% |
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 25 October 2026 via checked.be.