STG ELECTRIC: 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.
STG ELECTRIC
Largest movements
- Tangible fixed assets +€30,001
up €30,001 (+621%), from €4,832 to €34,832
- Cash +€22,418
up €22,418 (+34.4%), from €65,119 to €87,536
mainly Net result for the year (+€76,488) and Depreciation (+€8,355)
- Receivables within one year +€17,387
up €17,387 (+168%), from €10,370 to €27,758
of which Trade receivables: +€18,621
- Profit (loss) carried forward +€76,488
up €76,488 (+168%), from €45,522 to €122,010
- Tax, wage and social debts -€4,035
down €4,035 (-29.5%), from €13,697 to €9,662
of which Remuneration and social security: -€4,119
- Other debts -€1,863
down €1,863 (-37.8%), from €4,929 to €3,067
- Turnover -€193,448
down €193,448 (-97.2%), from €199,010 to €5,562
- Gross operating margin +€89,740
up €89,740 (+114%), from €78,999 to €168,739
- Purchases and services +€38,593
up €38,593 (+31.5%), from €122,459 to €161,052
- Staff costs +€11,828
up €11,828 (+20.0%), from €59,185 to €71,013
- Taxes +€6,406
new in 2025: €6,406
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 | €80,321 | €151,326 | +€71,005 | +88.4% |
| Fixed assets | 21/28 | €4,832 | €36,032 | +€31,201 | +646% |
| Tangible fixed assets | 22/27 | €4,832 | €34,832 | +€30,001 | +621% |
| Furniture and vehicles | 24 | €4,832 | €34,832 | +€30,001 | +621% |
| Financial fixed assets | 28 | - | €1,200 | +€1,200 | |
| Current assets | 29/58 | €75,489 | €115,294 | +€39,805 | +52.7% |
| Amounts receivable within one year | 40/41 | €10,370 | €27,758 | +€17,387 | +168% |
| Trade receivables | 40 | €2,018 | €20,639 | +€18,621 | +923% |
| Other amounts receivable | 41 | €8,352 | €7,118 | -€1,234 | -14.8% |
| Cash at bank and in hand | 54/58 | €65,119 | €87,536 | +€22,418 | +34.4% |
| Total equity and liabilities | 10/49 | €80,321 | €151,326 | +€71,005 | +88.4% |
| Equity | 10/15 | €50,522 | €127,010 | +€76,488 | +151% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,522 | €122,010 | +€76,488 | +168% |
| Amounts payable | 17/49 | €29,798 | €24,316 | -€5,482 | -18.4% |
| Amounts payable within one year | 42/48 | €29,798 | €24,316 | -€5,482 | -18.4% |
| Trade debts | 44 | €11,172 | €11,587 | +€415 | +3.7% |
| Suppliers | 440/4 | €11,172 | €11,587 | +€415 | +3.7% |
| Taxes, remuneration and social security | 45 | €13,697 | €9,662 | -€4,035 | -29.5% |
| Taxes | 450/3 | €41 | €125 | +€84 | +204% |
| Remuneration and social security | 454/9 | €13,656 | €9,537 | -€4,119 | -30.2% |
| Other amounts payable | 47/48 | €4,929 | €3,067 | -€1,863 | -37.8% |
| Turnover | 70 | €199,010 | €5,562 | -€193,448 | -97.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €122,459 | €161,052 | +€38,593 | +31.5% |
| Remuneration, social security and pensions | 62 | €59,185 | €71,013 | +€11,828 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,500 | €8,355 | +€4,855 | +139% |
| Other operating charges | 640/8 | €669 | €6,202 | +€5,533 | +827% |
| Gross operating margin | 9900 | €78,999 | €168,739 | +€89,740 | +114% |
| Operating profit (loss) | 9901 | €15,645 | €83,169 | +€67,524 | +432% |
| Financial income | 75/76B | €41 | €55 | +€13 | +31.4% |
| Recurring financial income | 75 | €41 | €5 | -€37 | -89.1% |
| Non-recurring financial income | 76B | - | €50 | +€50 | |
| Financial charges | 65/66B | €205 | €330 | +€125 | +61.0% |
| Recurring financial charges | 65 | €205 | €330 | +€125 | +61.0% |
| Profit (loss) for the period before taxes | 9903 | €15,481 | €82,893 | +€67,412 | +435% |
| Income taxes | 67/77 | - | €6,406 | +€6,406 | |
| Profit (loss) for the period | 9904 | €15,481 | €76,488 | +€61,007 | +394% |
| Profit (loss) for the period to be appropriated | 9905 | €15,481 | €76,488 | +€61,007 | +394% |
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 1 November 2026 via checked.be.