STC Engineering / Consulting: 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.
STC Engineering / Consulting
Largest movements
- Receivables within one year +€21,564
up €21,564 (+87.0%), from €24,795 to €46,358
of which Trade receivables: +€20,393
- Cash -€14,673
down €14,673 (-71.0%), from €20,657 to €5,984
mainly Debts after one year (-€32,082) and Investment in fixed assets (net) (-€31,254)
- Tangible fixed assets +€7,934
up €7,934 (+1.3%), from €596,137 to €604,072
of which Land and buildings: +€5,137
- Debts after one year -€32,082
down €32,082 (-7.9%), from €407,754 to €375,672
- Reserves +€29,038
up €29,038 (+27.1%), from €107,033 to €136,072
- Tax, wage and social debts -€15,662
down €15,662 (-72.4%), from €21,621 to €5,958
- Current portion of long-term debt +€13,749
up €13,749 (+20.1%), from €68,239 to €81,987
- Accrued charges and deferred income +€8,554
up €8,554 (+33.2%), from €25,764 to €34,318
- Write-downs -€11,050
down €11,050, from €2,763 to -€8,288
- Gross operating margin +€8,953
up €8,953 (+15.3%), from €58,408 to €67,361
- Taxes +€3,937
up €3,937 (+88.3%), from €4,456 to €8,393
- Depreciation +€1,279
up €1,279 (+5.8%), from €22,041 to €23,320
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 | €651,437 | €661,408 | +€9,971 | +1.5% |
| Fixed assets | 21/28 | €596,137 | €604,072 | +€7,934 | +1.3% |
| Tangible fixed assets | 22/27 | €596,137 | €604,072 | +€7,934 | +1.3% |
| Land and buildings | 22 | €558,856 | €563,993 | +€5,137 | +0.9% |
| Plant, machinery and equipment | 23 | €1,690 | - | -€1,690 | |
| Furniture and vehicles | 24 | €5,155 | €5,012 | -€143 | -2.8% |
| Other tangible fixed assets | 26 | €30,436 | €35,066 | +€4,631 | +15.2% |
| Current assets | 29/58 | €55,300 | €57,337 | +€2,037 | +3.7% |
| Stocks and contracts in progress | 3 | €2,763 | - | -€2,763 | |
| Stocks | 30/36 | €2,763 | - | -€2,763 | |
| Amounts receivable within one year | 40/41 | €24,795 | €46,358 | +€21,564 | +87.0% |
| Trade receivables | 40 | €18,786 | €39,179 | +€20,393 | +108.6% |
| Other amounts receivable | 41 | €6,009 | €7,179 | +€1,171 | +19.5% |
| Cash at bank and in hand | 54/58 | €20,657 | €5,984 | -€14,673 | -71.0% |
| Deferred charges and accrued income | 490/1 | €7,085 | €4,994 | -€2,091 | -29.5% |
| Total equity and liabilities | 10/49 | €651,437 | €661,408 | +€9,971 | +1.5% |
| Equity | 10/15 | €108,533 | €137,572 | +€29,038 | +26.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €107,033 | €136,072 | +€29,038 | +27.1% |
| Distributable reserves | 133 | €107,033 | €136,072 | +€29,038 | +27.1% |
| Amounts payable | 17/49 | €542,904 | €523,837 | -€19,068 | -3.5% |
| Amounts payable after more than one year | 17 | €407,754 | €375,672 | -€32,082 | -7.9% |
| Financial debts | 170/4 | €407,754 | €375,672 | -€32,082 | -7.9% |
| Amounts payable within one year | 42/48 | €109,386 | €113,847 | +€4,461 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €68,239 | €81,987 | +€13,749 | +20.1% |
| Trade debts | 44 | €5,089 | €4,167 | -€922 | -18.1% |
| Suppliers | 440/4 | €5,089 | €4,167 | -€922 | -18.1% |
| Taxes, remuneration and social security | 45 | €21,621 | €5,958 | -€15,662 | -72.4% |
| Taxes | 450/3 | €21,621 | €5,958 | -€15,662 | -72.4% |
| Other amounts payable | 47/48 | €14,438 | €21,734 | +€7,296 | +50.5% |
| Accrued charges and deferred income | 492/3 | €25,764 | €34,318 | +€8,554 | +33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,041 | €23,320 | +€1,279 | +5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,763 | -€8,288 | -€11,050 | |
| Other operating charges | 640/8 | €2,058 | €2,067 | +€9 | +0.4% |
| Gross operating margin | 9900 | €58,408 | €67,361 | +€8,953 | +15.3% |
| Operating profit (loss) | 9901 | €31,546 | €50,261 | +€18,715 | +59.3% |
| Financial income | 75/76B | €6 | €0 | -€6 | -98.0% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -98.0% |
| Financial charges | 65/66B | €12,400 | €12,830 | +€430 | +3.5% |
| Recurring financial charges | 65 | €12,400 | €12,830 | +€430 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €19,151 | €37,431 | +€18,280 | +95.4% |
| Income taxes | 67/77 | €4,456 | €8,393 | +€3,937 | +88.3% |
| Profit (loss) for the period | 9904 | €14,695 | €29,038 | +€14,343 | +97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,695 | €29,038 | +€14,343 | +97.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.