SHIP SUPPORT TECHNICS: what changed
Two fiscal 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.
SHIP SUPPORT TECHNICS
Largest movements
- Cash +€55,065
up €55,065 (+20.4%), from €269,368 to €324,434
mainly Net result for the year (+€72,757) and Depreciation (+€40,623)
- Tangible fixed assets -€24,281
down €24,281 (-15.1%), from €160,564 to €136,283
of which Plant, machinery and equipment: -€29,165
- Reserves +€28,357
up €28,357 (+4.2%), from €675,560 to €703,917
of which Distributable reserves: +€32,357
- Trade debts +€15,240
up €15,240 (+15.7%), from €97,004 to €112,244
- Other debts -€14,219
down €14,219 (-14.3%), from €99,212 to €84,993
- Gross operating margin +€48,192
up €48,192 (+10.2%), from €474,697 to €522,890
- Taxes +€10,765
up €10,765 (+55.0%), from €19,565 to €30,329
- Depreciation +€6,954
up €6,954 (+20.7%), from €33,669 to €40,623
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 | €937,282 | €956,814 | +€19,532 | +2.1% |
| Fixed assets | 21/28 | €167,229 | €142,948 | -€24,281 | -14.5% |
| Tangible fixed assets | 22/27 | €160,564 | €136,283 | -€24,281 | -15.1% |
| Plant, machinery and equipment | 23 | €145,786 | €116,621 | -€29,165 | -20.0% |
| Furniture and vehicles | 24 | €14,778 | €19,663 | +€4,884 | +33.0% |
| Financial fixed assets | 28 | €6,665 | €6,665 | = | 0.0% |
| Current assets | 29/58 | €770,053 | €813,866 | +€43,813 | +5.7% |
| Stocks and contracts in progress | 3 | €112,192 | €109,385 | -€2,807 | -2.5% |
| Stocks | 30/36 | €112,192 | €109,385 | -€2,807 | -2.5% |
| Amounts receivable within one year | 40/41 | €354,715 | €345,577 | -€9,138 | -2.6% |
| Trade receivables | 40 | €349,280 | €345,577 | -€3,703 | -1.1% |
| Other amounts receivable | 41 | €5,435 | €0 | -€5,435 | -100.0% |
| Cash at bank and in hand | 54/58 | €269,368 | €324,434 | +€55,065 | +20.4% |
| Deferred charges and accrued income | 490/1 | €33,778 | €34,471 | +€693 | +2.1% |
| Total equity and liabilities | 10/49 | €937,282 | €956,814 | +€19,532 | +2.1% |
| Equity | 10/15 | €694,160 | €722,517 | +€28,357 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €675,560 | €703,917 | +€28,357 | +4.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €78,399 | €74,399 | -€4,000 | -5.1% |
| Distributable reserves | 133 | €591,010 | €623,368 | +€32,357 | +5.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €3,273 | €2,273 | -€1,000 | -30.5% |
| Deferred taxes | 168 | €3,273 | €2,273 | -€1,000 | -30.5% |
| Amounts payable | 17/49 | €239,849 | €232,023 | -€7,826 | -3.3% |
| Amounts payable within one year | 42/48 | €237,349 | €229,523 | -€7,826 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €97,004 | €112,244 | +€15,240 | +15.7% |
| Suppliers | 440/4 | €97,004 | €112,244 | +€15,240 | +15.7% |
| Taxes, remuneration and social security | 45 | €41,133 | €32,286 | -€8,847 | -21.5% |
| Taxes | 450/3 | €41,133 | €31,786 | -€9,347 | -22.7% |
| Remuneration and social security | 454/9 | €0 | €500 | +€500 | |
| Other amounts payable | 47/48 | €99,212 | €84,993 | -€14,219 | -14.3% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Non-recurring operating income | 76A | - | €83 | +€83 | |
| Remuneration, social security and pensions | 62 | €371,383 | €373,059 | +€1,677 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,669 | €40,623 | +€6,954 | +20.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,156 | €0 | +€2,156 | |
| Other operating charges | 640/8 | €6,269 | €3,217 | -€3,052 | -48.7% |
| Gross operating margin | 9900 | €474,697 | €522,890 | +€48,192 | +10.2% |
| Operating profit (loss) | 9901 | €65,532 | €105,990 | +€40,459 | +61.7% |
| Financial income | 75/76B | €50 | €541 | +€491 | +984.0% |
| Recurring financial income | 75 | €50 | €541 | +€491 | +984.0% |
| Financial charges | 65/66B | €4,895 | €4,444 | -€450 | -9.2% |
| Recurring financial charges | 65 | €4,895 | €4,444 | -€450 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €60,687 | €102,087 | +€41,400 | +68.2% |
| Transfer from deferred taxes | 780 | €1,000 | €1,000 | = | 0.0% |
| Income taxes | 67/77 | €19,565 | €30,329 | +€10,765 | +55.0% |
| Profit (loss) for the period | 9904 | €42,122 | €72,757 | +€30,635 | +72.7% |
| Transfer from tax-exempt reserves | 789 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,122 | €76,757 | +€30,635 | +66.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.