STS Engineering: 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.
STS Engineering
Largest movements
- Receivables within one year -€17,305
down €17,305 (-46.5%), from €37,185 to €19,880
of which Trade receivables: -€18,823
- Cash +€14,359
up €14,359 (+16.5%), from €86,842 to €101,201
mainly Other debts (+€48,160) and Net result for the year (+€25,108)
- Stocks and contracts -€2,840
no longer reported in 2025 (was €2,840)
- Tangible fixed assets +€2,060
up €2,060 (+13.0%), from €15,830 to €17,890
of which Furniture and vehicles: +€5,961
- Other debts +€48,160
up €48,160 (+2,052%), from €2,346 to €50,507
- Reserves -€24,892
down €24,892 (-29.2%), from €85,255 to €60,363
- Tax, wage and social debts -€15,116
down €15,116 (-47.7%), from €31,658 to €16,542
of which Taxes: -€12,103
- Current portion of long-term debt -€10,311
no longer reported in 2025 (was €10,311)
- Gross operating margin -€11,133
down €11,133 (-10.2%), from €109,281 to €98,148
- Depreciation -€6,364
down €6,364 (-35.6%), from €17,882 to €11,518
- Financial charges +€2,576
up €2,576 (+308%), from €835 to €3,412
of which Non-recurring financial charges: +€2,932
- Taxes -€2,033
down €2,033 (-22.7%), from €8,951 to €6,918
- Other operating charges +€1,703
up €1,703 (+119%), from €1,428 to €3,131
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 | €143,297 | €140,756 | -€2,541 | -1.8% |
| Fixed assets | 21/28 | €16,430 | €19,675 | +€3,245 | +19.8% |
| Tangible fixed assets | 22/27 | €15,830 | €17,890 | +€2,060 | +13.0% |
| Plant, machinery and equipment | 23 | €8,226 | €4,326 | -€3,900 | -47.4% |
| Furniture and vehicles | 24 | €7,604 | €13,565 | +€5,961 | +78.4% |
| Financial fixed assets | 28 | €600 | €1,785 | +€1,185 | +198% |
| Current assets | 29/58 | €126,867 | €121,080 | -€5,786 | -4.6% |
| Stocks and contracts in progress | 3 | €2,840 | - | -€2,840 | |
| Stocks | 30/36 | €2,840 | - | -€2,840 | |
| Amounts receivable within one year | 40/41 | €37,185 | €19,880 | -€17,305 | -46.5% |
| Trade receivables | 40 | €37,185 | €18,362 | -€18,823 | -50.6% |
| Other amounts receivable | 41 | - | €1,518 | +€1,518 | |
| Cash at bank and in hand | 54/58 | €86,842 | €101,201 | +€14,359 | +16.5% |
| Total equity and liabilities | 10/49 | €143,297 | €140,756 | -€2,541 | -1.8% |
| Equity | 10/15 | €95,255 | €70,363 | -€24,892 | -26.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €85,255 | €60,363 | -€24,892 | -29.2% |
| Distributable reserves | 133 | €85,255 | €60,363 | -€24,892 | -29.2% |
| Amounts payable | 17/49 | €48,041 | €70,393 | +€22,351 | +46.5% |
| Amounts payable within one year | 42/48 | €48,041 | €70,393 | +€22,351 | +46.5% |
| Current portion of amounts payable after more than one year | 42 | €10,311 | - | -€10,311 | |
| Trade debts | 44 | €3,726 | €3,344 | -€382 | -10.3% |
| Suppliers | 440/4 | €3,726 | €3,344 | -€382 | -10.3% |
| Taxes, remuneration and social security | 45 | €31,658 | €16,542 | -€15,116 | -47.7% |
| Taxes | 450/3 | €23,081 | €10,978 | -€12,103 | -52.4% |
| Remuneration and social security | 454/9 | €8,578 | €5,564 | -€3,013 | -35.1% |
| Other amounts payable | 47/48 | €2,346 | €50,507 | +€48,160 | +2,052% |
| Remuneration, social security and pensions | 62 | €47,938 | €48,160 | +€223 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,882 | €11,518 | -€6,364 | -35.6% |
| Other operating charges | 640/8 | €1,428 | €3,131 | +€1,703 | +119% |
| Gross operating margin | 9900 | €109,281 | €98,148 | -€11,133 | -10.2% |
| Operating profit (loss) | 9901 | €42,032 | €35,338 | -€6,694 | -15.9% |
| Financial income | 75/76B | €100 | €99 | -€1 | -1.2% |
| Recurring financial income | 75 | €100 | €99 | -€1 | -1.2% |
| Financial charges | 65/66B | €835 | €3,412 | +€2,576 | +308% |
| Recurring financial charges | 65 | €835 | €480 | -€355 | -42.5% |
| Non-recurring financial charges | 66B | - | €2,932 | +€2,932 | |
| Profit (loss) for the period before taxes | 9903 | €41,297 | €32,025 | -€9,272 | -22.5% |
| Income taxes | 67/77 | €8,951 | €6,918 | -€2,033 | -22.7% |
| Profit (loss) for the period | 9904 | €32,347 | €25,108 | -€7,239 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,347 | €25,108 | -€7,239 | -22.4% |
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 19 October 2026 via checked.be.