STANTEC: 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.
What changed
STANTEC
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2023 · €1.2m-€80,950
Equity
€7.1m
2023 · €6.0m+€1.1m
Cash
€11.8m
2023 · €6.9m+€5.0m
Balance sheet total
€21.2m
2023 · €17.8m+€3.4m
Largest movements
Assets
- Cash +€5.0m
up €5.0m (+72.2%), from €6.9m to €11.8m
mainly Advances received (+€2.9m) and Receivables within one year (+€2.0m)
- Receivables within one year -€2.0m
down €2.0m (-33.5%), from €6.0m to €4.0m
of which Other amounts receivable: -€1.0m
- Stocks and contracts +€377,866
up €377,866 (+9.7%), from €3.9m to €4.3m
Equity and liabilities
- Advances received +€2.9m
up €2.9m (+77.0%), from €3.8m to €6.7m
- Profit (loss) carried forward +€1.1m
up €1.1m (+23.6%), from €4.7m to €5.9m
- Trade debts -€920,278
down €920,278 (-12.5%), from €7.4m to €6.4m
- Tax, wage and social debts +€288,063
up €288,063 (+42.6%), from €675,946 to €964,009
of which Remuneration and social security: +€247,279
Income statement
- Turnover -€7.2m
down €7.2m (-20.1%), from €35.7m to €28.6m
- Goods and materials -€4.0m
down €4.0m (-16.9%), from €23.6m to €19.6m
- Staff costs +€733,913
up €733,913 (+17.4%), from €4.2m to €5.0m
From the 2023 result to the 2024 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.
Result 2023
€1.2m
Turnover
-€7.2m
Other operating income
-€55,984
Goods and materials
+€4.0m
Services and other goods
+€53,655
Staff costs
-€733,913
Depreciation
-€9,300
Other operating charges
-€37,978
Other operating items
+€4.2m
Financial income
-€26,611
Financial charges
-€17,095
Taxes
-€251,743
Result 2024
€1.1m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€5.0m
Investment
-€60,337
Financing
€0
Cash 2023
€6.9m
From operations (derived)
+€5.0m
Net result for the year
+€1.1m
Depreciation
+€84,576
Stocks and contracts
-€377,866
Receivables within one year
+€2.0m
Deferred charges and accrued income
-€89,016
Trade debts
-€920,278
Tax, wage and social debts
+€288,063
Advances received
+€2.9m
Investment (derived)
-€60,337
Investment in fixed assets (net)
-€60,337
Cash 2024
€11.8m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,793,145 | €21,174,737 | +€3.4m | +19.0% |
| Fixed assets | 21/28 | €288,124 | €263,885 | -€24,239 | -8.4% |
| Tangible fixed assets | 22/27 | €288,124 | €263,885 | -€24,239 | -8.4% |
| Plant, machinery and equipment | 23 | €106,602 | €122,775 | +€16,174 | +15.2% |
| Furniture and vehicles | 24 | €12,411 | €6,281 | -€6,130 | -49.4% |
| Other tangible fixed assets | 26 | €169,111 | €134,829 | -€34,282 | -20.3% |
| Current assets | 29/58 | €17,505,021 | €20,910,851 | +€3.4m | +19.5% |
| Stocks and contracts in progress | 3 | €3,882,294 | €4,260,160 | +€377,866 | +9.7% |
| Contracts in progress | 37 | €3,882,294 | €4,260,160 | +€377,866 | +9.7% |
| Amounts receivable within one year | 40/41 | €6,012,997 | €4,000,588 | -€2.0m | -33.5% |
| Trade receivables | 40 | €4,164,994 | €3,192,627 | -€972,367 | -23.3% |
| Other amounts receivable | 41 | €1,848,003 | €807,960 | -€1.0m | -56.3% |
| Cash at bank and in hand | 54/58 | €6,860,070 | €11,811,426 | +€5.0m | +72.2% |
| Deferred charges and accrued income | 490/1 | €749,661 | €838,677 | +€89,016 | +11.9% |
| Total equity and liabilities | 10/49 | €17,793,145 | €21,174,737 | +€3.4m | +19.0% |
| Equity | 10/15 | €5,995,523 | €7,111,178 | +€1.1m | +18.6% |
| Contributions | 10/11 | €1,145,339 | €1,145,339 | = | 0.0% |
| Capital | 10 | €1,145,339 | €1,145,339 | = | 0.0% |
| Issued capital | 100 | €1,145,339 | €1,145,339 | = | 0.0% |
| Reserves | 13 | €114,534 | €114,534 | = | 0.0% |
| Non-distributable reserves | 130/1 | €114,534 | €114,534 | = | 0.0% |
| Legal reserve | 130 | €114,534 | €114,534 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,735,651 | €5,851,305 | +€1.1m | +23.6% |
| Amounts payable | 17/49 | €11,797,622 | €14,063,559 | +€2.3m | +19.2% |
| Amounts payable within one year | 42/48 | €11,797,622 | €14,063,559 | +€2.3m | +19.2% |
| Trade debts | 44 | €7,358,975 | €6,438,697 | -€920,278 | -12.5% |
| Suppliers | 440/4 | €7,358,975 | €6,438,697 | -€920,278 | -12.5% |
| Advances received on contracts in progress | 46 | €3,762,701 | €6,660,853 | +€2.9m | +77.0% |
| Taxes, remuneration and social security | 45 | €675,946 | €964,009 | +€288,063 | +42.6% |
| Taxes | 450/3 | €211,578 | €252,362 | +€40,784 | +19.3% |
| Remuneration and social security | 454/9 | €464,369 | €711,648 | +€247,279 | +53.3% |
| Operating income | 70/76A | €32,087,752 | €29,035,471 | -€3.1m | -9.5% |
| Turnover | 70 | €35,733,378 | €28,564,605 | -€7.2m | -20.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€3,794,610 | €377,866 | +€4.2m | |
| Other operating income | 74 | €148,984 | €93,000 | -€55,984 | -37.6% |
| Operating charges | 60/66A | €30,716,699 | €27,449,919 | -€3.3m | -10.6% |
| Goods for resale, raw materials and consumables | 60 | €23,641,840 | €19,648,451 | -€4.0m | -16.9% |
| Purchases | 600/8 | €23,641,840 | €19,648,451 | -€4.0m | -16.9% |
| Services and other goods | 61 | €2,736,509 | €2,682,854 | -€53,655 | -2.0% |
| Remuneration, social security and pensions | 62 | €4,228,549 | €4,962,462 | +€733,913 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,276 | €84,576 | +€9,300 | +12.4% |
| Other operating charges | 640/8 | €32,217 | €70,195 | +€37,978 | +117.9% |
| Non-recurring operating charges | 66A | €2,308 | €1,380 | -€928 | -40.2% |
| Operating profit (loss) | 9901 | €1,371,053 | €1,585,553 | +€214,500 | +15.6% |
| Financial income | 75/76B | €58,186 | €31,575 | -€26,611 | -45.7% |
| Recurring financial income | 75 | €58,186 | €31,575 | -€26,611 | -45.7% |
| Income from current assets | 751 | €58,186 | €20,256 | -€37,929 | -65.2% |
| Other financial income | 752/9 | - | €11,318 | +€11,318 | |
| Financial charges | 65/66B | €56,796 | €73,891 | +€17,095 | +30.1% |
| Recurring financial charges | 65 | €56,796 | €73,891 | +€17,095 | +30.1% |
| Debt charges | 650 | €24,788 | €1,013 | -€23,775 | -95.9% |
| Other financial charges | 652/9 | €32,008 | €72,878 | +€40,870 | +127.7% |
| Profit (loss) for the period before taxes | 9903 | €1,372,443 | €1,543,236 | +€170,794 | +12.4% |
| Income taxes | 67/77 | €175,838 | €427,582 | +€251,743 | +143.2% |
| Taxes | 670/3 | €185,210 | €427,582 | +€242,372 | +130.9% |
| Tax adjustments and reversals of tax provisions | 77 | €9,372 | - | -€9,372 | |
| Profit (loss) for the period | 9904 | €1,196,604 | €1,115,655 | -€80,950 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,196,604 | €1,115,655 | -€80,950 | -6.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.