STAEL CONSTRUCTION & ENGINEERING SERVICES - S.C.E.S.: 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.
STAEL CONSTRUCTION & ENGINEERING SERVICES - S.C.E.S.
Largest movements
- Cash +€1.1m
up €1.1m (+5,845%), from €18,506 to €1.1m
mainly Current investments (+€755,689) and Net result for the year (+€322,050)
- Current investments -€755,689
down €755,689 (-86.4%), from €874,468 to €118,779
- Receivables within one year +€52,664
up €52,664 (+35.5%), from €148,145 to €200,809
of which Trade receivables: +€60,514
- Financial fixed assets -€19,211
down €19,211 (-27.1%), from €70,764 to €51,553
- Reserves +€322,049
up €322,049 (+40.7%), from €790,905 to €1.1m
of which Distributable reserves: +€322,049
- Tax, wage and social debts +€34,041
up €34,041 (+29.0%), from €117,268 to €151,309
of which Taxes: +€35,854
- Trade debts +€27,577
up €27,577 (+17.5%), from €157,157 to €184,734
- Current portion of long-term debt -€26,673
down €26,673 (-86.2%), from €30,955 to €4,282
- Gross operating margin -€347,158
down €347,158 (-33.0%), from €1.1m to €704,164
- Staff costs +€255,972
up €255,972 (+424%), from €60,403 to €316,375
- Taxes -€196,118
down €196,118 (-61.5%), from €318,720 to €122,602
- Financial charges -€145,389
down €145,389 (-97.3%), from €149,497 to €4,108
of which Non-recurring financial charges: -€139,648
- Write-downs -€106,516
new in 2025: -€106,516
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 | €1,168,260 | €1,518,223 | +€349,963 | +30.0% |
| Fixed assets | 21/28 | €126,574 | €97,023 | -€29,551 | -23.3% |
| Tangible fixed assets | 22/27 | €55,810 | €45,471 | -€10,339 | -18.5% |
| Plant, machinery and equipment | 23 | €6,328 | €10,314 | +€3,986 | +63.0% |
| Furniture and vehicles | 24 | €49,482 | €35,157 | -€14,325 | -29.0% |
| Financial fixed assets | 28 | €70,764 | €51,553 | -€19,211 | -27.1% |
| Current assets | 29/58 | €1,041,686 | €1,421,200 | +€379,514 | +36.4% |
| Amounts receivable within one year | 40/41 | €148,145 | €200,809 | +€52,664 | +35.5% |
| Trade receivables | 40 | €139,181 | €199,695 | +€60,514 | +43.5% |
| Other amounts receivable | 41 | €8,964 | €1,114 | -€7,850 | -87.6% |
| Current investments | 50/53 | €874,468 | €118,779 | -€755,689 | -86.4% |
| Cash at bank and in hand | 54/58 | €18,506 | €1,100,212 | +€1.1m | +5,845% |
| Deferred charges and accrued income | 490/1 | €567 | €1,399 | +€832 | +147% |
| Total equity and liabilities | 10/49 | €1,168,260 | €1,518,223 | +€349,963 | +30.0% |
| Equity | 10/15 | €852,905 | €1,174,954 | +€322,049 | +37.8% |
| 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 | €790,905 | €1,112,954 | +€322,049 | +40.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €784,705 | €1,106,754 | +€322,049 | +41.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €315,355 | €343,269 | +€27,914 | +8.9% |
| Amounts payable after more than one year | 17 | €4,282 | €0 | -€4,282 | -100% |
| Financial debts | 170/4 | €4,282 | - | -€4,282 | |
| Trade debts | 175 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €311,073 | €343,269 | +€32,196 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €30,955 | €4,282 | -€26,673 | -86.2% |
| Trade debts | 44 | €157,157 | €184,734 | +€27,577 | +17.5% |
| Suppliers | 440/4 | €157,157 | €184,734 | +€27,577 | +17.5% |
| Taxes, remuneration and social security | 45 | €117,268 | €151,309 | +€34,041 | +29.0% |
| Taxes | 450/3 | €60,035 | €95,889 | +€35,854 | +59.7% |
| Remuneration and social security | 454/9 | €57,233 | €55,420 | -€1,813 | -3.2% |
| Other amounts payable | 47/48 | €5,693 | €2,943 | -€2,750 | -48.3% |
| Non-recurring operating income | 76A | €952,945 | €4,712 | -€948,233 | -99.5% |
| Remuneration, social security and pensions | 62 | €60,403 | €316,375 | +€255,972 | +424% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,152 | €29,255 | -€897 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€106,516 | -€106,516 | |
| Other operating charges | 640/8 | - | €717 | +€717 | |
| Non-recurring operating charges | 66A | - | €19,212 | +€19,212 | |
| Gross operating margin | 9900 | €1,051,322 | €704,164 | -€347,158 | -33.0% |
| Operating profit (loss) | 9901 | €960,767 | €445,122 | -€515,645 | -53.7% |
| Financial income | 75/76B | €71,170 | €3,639 | -€67,531 | -94.9% |
| Recurring financial income | 75 | €14,717 | €3,639 | -€11,078 | -75.3% |
| Non-recurring financial income | 76B | €56,453 | - | -€56,453 | |
| Financial charges | 65/66B | €149,497 | €4,108 | -€145,389 | -97.3% |
| Recurring financial charges | 65 | €9,849 | €4,108 | -€5,741 | -58.3% |
| Non-recurring financial charges | 66B | €139,648 | - | -€139,648 | |
| Profit (loss) for the period before taxes | 9903 | €882,440 | €444,652 | -€437,788 | -49.6% |
| Income taxes | 67/77 | €318,720 | €122,602 | -€196,118 | -61.5% |
| Profit (loss) for the period | 9904 | €563,720 | €322,050 | -€241,670 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €563,720 | €322,050 | -€241,670 | -42.9% |
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 26 October 2026 via checked.be.