STD GRONDWERKEN: 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 GRONDWERKEN
Largest movements
- Tangible fixed assets +€175,392
up €175,392 (+10.5%), from €1.7m to €1.8m
of which Plant, machinery and equipment: +€151,856
- Receivables within one year +€33,133
up €33,133 (+35.3%), from €93,893 to €127,026
of which Other amounts receivable: +€33,250
- Reserves +€173,303
up €173,303 (+20.4%), from €848,528 to €1.0m
- Trade debts +€115,854
up €115,854 (+181.3%), from €63,899 to €179,753
- Debts after one year -€100,708
down €100,708 (-18.5%), from €542,941 to €442,233
- Other debts +€66,331
up €66,331 (+29.9%), from €221,998 to €288,329
- Current portion of long-term debt -€55,539
down €55,539 (-35.5%), from €156,247 to €100,708
- Gross operating margin -€124,700
down €124,700 (-18.3%), from €682,058 to €557,358
- Write-downs -€27,057
down €27,057 (-100.0%), from €27,057 to €0
- Taxes -€22,301
down €22,301 (-39.5%), from €56,441 to €34,140
- Depreciation -€19,528
down €19,528 (-5.6%), from €348,045 to €328,517
- Financial charges -€12,710
down €12,710 (-40.3%), from €31,575 to €18,865
of which Financial charges: -€7,710
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 | €1,867,227 | €2,061,496 | +€194,269 | +10.4% |
| Fixed assets | 21/28 | €1,673,052 | €1,848,443 | +€175,392 | +10.5% |
| Tangible fixed assets | 22/27 | €1,673,052 | €1,848,443 | +€175,392 | +10.5% |
| Land and buildings | 22 | €694,287 | €693,254 | -€1,033 | -0.1% |
| Plant, machinery and equipment | 23 | €567,010 | €718,867 | +€151,856 | +26.8% |
| Furniture and vehicles | 24 | €322,654 | €369,498 | +€46,843 | +14.5% |
| Leasing and similar rights | 25 | €89,100 | €66,825 | -€22,275 | -25.0% |
| Current assets | 29/58 | €194,175 | €213,052 | +€18,877 | +9.7% |
| Stocks and contracts in progress | 3 | €44,971 | €56,584 | +€11,613 | +25.8% |
| Contracts in progress | 37 | €44,971 | €56,584 | +€11,613 | +25.8% |
| Amounts receivable within one year | 40/41 | €93,893 | €127,026 | +€33,133 | +35.3% |
| Trade receivables | 40 | €71,616 | €71,498 | -€117 | -0.2% |
| Other amounts receivable | 41 | €22,278 | €55,528 | +€33,250 | +149.3% |
| Cash at bank and in hand | 54/58 | €43,773 | €23,932 | -€19,842 | -45.3% |
| Deferred charges and accrued income | 490/1 | €11,537 | €5,510 | -€6,027 | -52.2% |
| Total equity and liabilities | 10/49 | €1,867,227 | €2,061,496 | +€194,269 | +10.4% |
| Equity | 10/15 | €858,528 | €1,031,830 | +€173,303 | +20.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €848,528 | €1,021,830 | +€173,303 | +20.4% |
| Distributable reserves | 133 | €848,528 | €1,021,830 | +€173,303 | +20.4% |
| Amounts payable | 17/49 | €1,008,699 | €1,029,665 | +€20,966 | +2.1% |
| Amounts payable after more than one year | 17 | €542,941 | €442,233 | -€100,708 | -18.5% |
| Financial debts | 170/4 | €542,941 | €442,233 | -€100,708 | -18.5% |
| Amounts payable within one year | 42/48 | €465,758 | €587,432 | +€121,674 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €156,247 | €100,708 | -€55,539 | -35.5% |
| Trade debts | 44 | €63,899 | €179,753 | +€115,854 | +181.3% |
| Suppliers | 440/4 | €63,899 | €179,753 | +€115,854 | +181.3% |
| Taxes, remuneration and social security | 45 | €23,615 | €18,643 | -€4,972 | -21.1% |
| Taxes | 450/3 | €23,615 | €18,643 | -€4,972 | -21.1% |
| Other amounts payable | 47/48 | €221,998 | €288,329 | +€66,331 | +29.9% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348,045 | €328,517 | -€19,528 | -5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,057 | €0 | -€27,057 | -100.0% |
| Other operating charges | 640/8 | €8,230 | €4,673 | -€3,558 | -43.2% |
| Gross operating margin | 9900 | €682,058 | €557,358 | -€124,700 | -18.3% |
| Operating profit (loss) | 9901 | €298,727 | €224,169 | -€74,557 | -25.0% |
| Financial income | 75/76B | €2,673 | €2,138 | -€534 | -20.0% |
| Recurring financial income | 75 | €2,673 | €2,138 | -€534 | -20.0% |
| Financial charges | 65/66B | €31,575 | €18,865 | -€12,710 | -40.3% |
| Recurring financial charges | 65 | €26,575 | €18,865 | -€7,710 | -29.0% |
| Non-recurring financial charges | 66B | €5,000 | - | -€5,000 | |
| Profit (loss) for the period before taxes | 9903 | €269,824 | €207,442 | -€62,382 | -23.1% |
| Income taxes | 67/77 | €56,441 | €34,140 | -€22,301 | -39.5% |
| Profit (loss) for the period | 9904 | €213,384 | €173,303 | -€40,081 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €213,384 | €173,303 | -€40,081 | -18.8% |
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 1 October 2026 via checked.be.