S-Technix: what changed
What changed
S-Technix
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
-€12,108
2023 · €429,760-€441,868
Equity
€747,130
2023 · €759,238-€12,108
Cash
€551,210
2023 · €447,662+€103,548
Balance sheet total
€1.3m
2023 · €1.5m-€190,734
Largest movements
Assets
- Receivables within one year -€234,980
down €234,980 (-24.2%), from €969,948 to €734,969
of which Trade receivables: -€333,708
- Cash +€103,548
up €103,548 (+23.1%), from €447,662 to €551,210
mainly Receivables within one year (+€234,980) and Trade debts (+€99,339)
- Stocks and contracts -€49,999
no longer reported in 2024 (was €49,999)
Equity and liabilities
- Other debts -€225,807
no longer reported in 2024 (was €225,807)
- Trade debts +€99,339
up €99,339 (+24.0%), from €414,461 to €513,800
- Tax, wage and social debts -€51,899
down €51,899 (-61.4%), from €84,462 to €32,563
of which Taxes: -€45,372
Income statement
- Gross operating margin -€361,944
down €361,944 (-33.2%), from €1.1m to €729,282
- Staff costs +€156,873
up €156,873 (+32.7%), from €479,691 to €636,564
- Taxes -€138,295
down €138,295 (-88.8%), from €155,824 to €17,528
- Other operating charges +€72,330
up €72,330 (+5,741%), from €1,260 to €73,590
- Financial charges -€19,786
down €19,786 (-98.9%), from €19,999 to €213
of which Financial charges: -€19,998
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€429,760
Gross operating margin
-€361,944
Staff costs
-€156,873
Depreciation
+€10,697
Other operating charges
-€72,330
Other operating items
-€13,557
Financial income
-€5,940
Financial charges
+€19,786
Taxes
+€138,295
Result 2024
-€12,108
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€96,814
Investment
+€6,993
Financing
-€259
Cash 2023
€447,662
From operations (derived)
+€96,814
Net result for the year
-€12,108
Depreciation
+€2,519
Stocks and contracts
+€49,999
Receivables within one year
+€234,980
Deferred charges and accrued income
-€208
Trade debts
+€99,339
Tax, wage and social debts
-€51,899
Other debts
-€225,807
Investment (derived)
+€6,993
Investment in fixed assets (net)
+€6,993
Financing
-€259
Current portion of long-term debt
-€259
Cash 2024
€551,210
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,484,227 | €1,293,493 | -€190,734 | -12.9% |
| Fixed assets | 21/28 | €13,866 | €4,355 | -€9,511 | -68.6% |
| Intangible fixed assets | 21 | €2,000 | - | -€2,000 | |
| Tangible fixed assets | 22/27 | €11,661 | €4,150 | -€7,511 | -64.4% |
| Plant, machinery and equipment | 23 | €4,668 | €4,150 | -€519 | -11.1% |
| Furniture and vehicles | 24 | €6,993 | - | -€6,993 | |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €1,470,361 | €1,289,138 | -€181,223 | -12.3% |
| Stocks and contracts in progress | 3 | €49,999 | - | -€49,999 | |
| Contracts in progress | 37 | €49,999 | - | -€49,999 | |
| Amounts receivable within one year | 40/41 | €969,948 | €734,969 | -€234,980 | -24.2% |
| Trade receivables | 40 | €958,601 | €624,893 | -€333,708 | -34.8% |
| Other amounts receivable | 41 | €11,348 | €110,076 | +€98,729 | +870% |
| Cash at bank and in hand | 54/58 | €447,662 | €551,210 | +€103,548 | +23.1% |
| Deferred charges and accrued income | 490/1 | €2,752 | €2,960 | +€208 | +7.5% |
| Total equity and liabilities | 10/49 | €1,484,227 | €1,293,493 | -€190,734 | -12.9% |
| Equity | 10/15 | €759,238 | €747,130 | -€12,108 | -1.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €740,646 | €728,538 | -€12,108 | -1.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €740,646 | €728,538 | -€12,108 | -1.6% |
| Amounts payable | 17/49 | €724,990 | €546,363 | -€178,626 | -24.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €724,990 | €546,363 | -€178,626 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €259 | - | -€259 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €414,461 | €513,800 | +€99,339 | +24.0% |
| Suppliers | 440/4 | €414,461 | €513,800 | +€99,339 | +24.0% |
| Taxes, remuneration and social security | 45 | €84,462 | €32,563 | -€51,899 | -61.4% |
| Taxes | 450/3 | €45,787 | €414 | -€45,372 | -99.1% |
| Remuneration and social security | 454/9 | €38,675 | €32,149 | -€6,527 | -16.9% |
| Other amounts payable | 47/48 | €225,807 | - | -€225,807 | |
| Remuneration, social security and pensions | 62 | €479,691 | €636,564 | +€156,873 | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,215 | €2,519 | -€10,697 | -80.9% |
| Other operating charges | 640/8 | €1,260 | €73,590 | +€72,330 | +5,741% |
| Non-recurring operating charges | 66A | - | €13,557 | +€13,557 | |
| Gross operating margin | 9900 | €1,091,227 | €729,282 | -€361,944 | -33.2% |
| Operating profit (loss) | 9901 | €597,060 | €3,052 | -€594,008 | -99.5% |
| Financial income | 75/76B | €8,522 | €2,582 | -€5,940 | -69.7% |
| Recurring financial income | 75 | €8,522 | €1,265 | -€7,257 | -85.2% |
| Non-recurring financial income | 76B | - | €1,317 | +€1,317 | |
| Financial charges | 65/66B | €19,999 | €213 | -€19,786 | -98.9% |
| Recurring financial charges | 65 | €19,999 | €0 | -€19,998 | -100.0% |
| Non-recurring financial charges | 66B | - | €213 | +€213 | |
| Profit (loss) for the period before taxes | 9903 | €585,584 | €5,421 | -€580,163 | -99.1% |
| Income taxes | 67/77 | €155,824 | €17,528 | -€138,295 | -88.8% |
| Profit (loss) for the period | 9904 | €429,760 | -€12,108 | -€441,868 | |
| Profit (loss) for the period to be appropriated | 9905 | €429,760 | -€12,108 | -€441,868 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.