STD Engineering: 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.
STD Engineering
Largest movements
- Cash +€20,937
up €20,937 (+38.4%), from €54,515 to €75,451
mainly Net result for the year (+€13,744) and Other debts (+€9,784)
- Reserves +€12,500
up €12,500 (+34.4%), from €36,314 to €48,814
- Other debts +€9,784
up €9,784 (+36.3%), from €26,956 to €36,739
- Tax, wage and social debts -€1,398
down €1,398 (-14.4%), from €9,690 to €8,292
of which Remuneration and social security: -€2,000
- Taxes -€2,865
down €2,865 (-46.5%), from €6,155 to €3,290
- Financial charges +€2,044
up €2,044 (+1752.9%), from €117 to €2,160
- Gross operating margin -€1,157
down €1,157 (-5.5%), from €21,066 to €19,909
- Other operating charges +€387
new in 2024: €387
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,438 | €101,832 | +€21,395 | +26.6% |
| Fixed assets | 21/28 | €423 | €97 | -€326 | -77.2% |
| Tangible fixed assets | 22/27 | €423 | €97 | -€326 | -77.2% |
| Furniture and vehicles | 24 | €423 | €97 | -€326 | -77.2% |
| Current assets | 29/58 | €80,015 | €101,736 | +€21,721 | +27.1% |
| Amounts receivable within one year | 40/41 | €25,501 | €25,910 | +€409 | +1.6% |
| Trade receivables | 40 | €25,501 | €23,700 | -€1,801 | -7.1% |
| Other amounts receivable | 41 | €0 | €2,210 | +€2,210 | |
| Cash at bank and in hand | 54/58 | €54,515 | €75,451 | +€20,937 | +38.4% |
| Deferred charges and accrued income | 490/1 | - | €375 | +€375 | |
| Total equity and liabilities | 10/49 | €80,438 | €101,832 | +€21,395 | +26.6% |
| Equity | 10/15 | €41,314 | €54,200 | +€12,885 | +31.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €36,314 | €48,814 | +€12,500 | +34.4% |
| Distributable reserves | 133 | €36,314 | €48,814 | +€12,500 | +34.4% |
| Profit (loss) carried forward | 14 | €0 | €385 | +€385 | |
| Amounts payable | 17/49 | €39,124 | €47,633 | +€8,509 | +21.7% |
| Amounts payable within one year | 42/48 | €39,124 | €47,633 | +€8,509 | +21.7% |
| Trade debts | 44 | €2,478 | €2,602 | +€123 | +5.0% |
| Suppliers | 440/4 | €2,478 | €2,602 | +€123 | +5.0% |
| Taxes, remuneration and social security | 45 | €9,690 | €8,292 | -€1,398 | -14.4% |
| Taxes | 450/3 | €7,690 | €8,292 | +€602 | +7.8% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100.0% |
| Other amounts payable | 47/48 | €26,956 | €36,739 | +€9,784 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326 | €326 | +€0 | 0.0% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €21,066 | €19,909 | -€1,157 | -5.5% |
| Operating profit (loss) | 9901 | €20,740 | €19,195 | -€1,544 | -7.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €117 | €2,160 | +€2,044 | +1752.9% |
| Recurring financial charges | 65 | €117 | €2,160 | +€2,044 | +1752.9% |
| Profit (loss) for the period before taxes | 9903 | €20,624 | €17,035 | -€3,589 | -17.4% |
| Income taxes | 67/77 | €6,155 | €3,290 | -€2,865 | -46.5% |
| Profit (loss) for the period | 9904 | €14,469 | €13,744 | -€724 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,469 | €13,744 | -€724 | -5.0% |
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 28 September 2026 via checked.be.