STS SERVICES: what changed
STS SERVICES
Largest movements
- Tangible fixed assets -€232,744
down €232,744 (-47.2%), from €493,431 to €260,687
of which Land and buildings: -€204,955
- Receivables after one year +€61,630
up €61,630 (+482%), from €12,780 to €74,410
- Cash +€46,869
up €46,869 (+425%), from €11,023 to €57,893
mainly Investment in fixed assets (net) (+€187,258) and Net result for the year (+€54,941)
- Receivables within one year +€40,271
up €40,271 (+16.8%), from €239,835 to €280,106
of which Trade receivables: +€61,193
- Debts after one year -€64,574
down €64,574 (-25.5%), from €252,755 to €188,180
- Current portion of long-term debt -€40,511
down €40,511 (-50.7%), from €79,879 to €39,368
- Trade debts +€31,897
up €31,897 (+453%), from €7,035 to €38,931
- Reserves -€26,037
down €26,037 (-7.8%), from €334,259 to €308,223
of which Tax-exempt reserves: -€31,209
- Tax, wage and social debts +€14,990
up €14,990 (+237%), from €6,328 to €21,318
- Gross operating margin +€47,919
up €47,919 (+104%), from €45,929 to €93,847
- Depreciation -€29,688
down €29,688 (-39.5%), from €75,175 to €45,486
- Taxes +€5,284
up €5,284 (+117%), from €4,522 to €9,806
- Financial charges -€2,458
down €2,458 (-23.0%), from €10,701 to €8,243
- Other operating charges -€1,464
down €1,464 (-8.4%), from €17,336 to €15,872
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €757,070 | €676,090 | -€80,980 | -10.7% |
| Fixed assets | 21/28 | €493,431 | €260,687 | -€232,744 | -47.2% |
| Tangible fixed assets | 22/27 | €493,431 | €260,687 | -€232,744 | -47.2% |
| Land and buildings | 22 | €451,719 | €246,765 | -€204,955 | -45.4% |
| Plant, machinery and equipment | 23 | €8,836 | €5,707 | -€3,129 | -35.4% |
| Furniture and vehicles | 24 | €32,876 | €8,216 | -€24,660 | -75.0% |
| Current assets | 29/58 | €263,639 | €415,403 | +€151,764 | +57.6% |
| Amounts receivable after more than one year | 29 | €12,780 | €74,410 | +€61,630 | +482% |
| Other amounts receivable | 291 | €12,780 | €74,410 | +€61,630 | +482% |
| Amounts receivable within one year | 40/41 | €239,835 | €280,106 | +€40,271 | +16.8% |
| Trade receivables | 40 | €197,958 | €259,151 | +€61,193 | +30.9% |
| Other amounts receivable | 41 | €41,878 | €20,956 | -€20,922 | -50.0% |
| Cash at bank and in hand | 54/58 | €11,023 | €57,893 | +€46,869 | +425% |
| Deferred charges and accrued income | 490/1 | - | €2,994 | +€2,994 | |
| Total equity and liabilities | 10/49 | €757,070 | €676,090 | -€80,980 | -10.7% |
| Equity | 10/15 | €405,379 | €379,343 | -€26,037 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €334,259 | €308,223 | -€26,037 | -7.8% |
| Tax-exempt reserves | 132 | €146,550 | €115,341 | -€31,209 | -21.3% |
| Distributable reserves | 133 | €187,709 | €192,881 | +€5,172 | +2.8% |
| Profit (loss) carried forward | 14 | €52,520 | €52,520 | = | 0.0% |
| Amounts payable | 17/49 | €351,691 | €296,748 | -€54,943 | -15.6% |
| Amounts payable after more than one year | 17 | €252,755 | €188,180 | -€64,574 | -25.5% |
| Financial debts | 170/4 | €252,755 | €188,180 | -€64,574 | -25.5% |
| Amounts payable within one year | 42/48 | €97,195 | €104,317 | +€7,121 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €79,879 | €39,368 | -€40,511 | -50.7% |
| Trade debts | 44 | €7,035 | €38,931 | +€31,897 | +453% |
| Suppliers | 440/4 | €7,035 | €38,931 | +€31,897 | +453% |
| Taxes, remuneration and social security | 45 | €6,328 | €21,318 | +€14,990 | +237% |
| Taxes | 450/3 | €6,328 | €21,318 | +€14,990 | +237% |
| Other amounts payable | 47/48 | €3,953 | €4,699 | +€746 | +18.9% |
| Accrued charges and deferred income | 492/3 | €1,741 | €4,251 | +€2,510 | +144% |
| Non-recurring operating income | 76A | €92,500 | €56,660 | -€35,840 | -38.7% |
| Remuneration, social security and pensions | 62 | €124 | - | -€124 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,175 | €45,486 | -€29,688 | -39.5% |
| Other operating charges | 640/8 | €17,336 | €15,872 | -€1,464 | -8.4% |
| Gross operating margin | 9900 | €45,929 | €93,847 | +€47,919 | +104% |
| Operating profit (loss) | 9901 | -€46,705 | €32,489 | +€79,195 | |
| Financial income | 75/76B | €25 | €409 | +€385 | +1,556% |
| Recurring financial income | 75 | €25 | €409 | +€385 | +1,556% |
| Financial charges | 65/66B | €10,701 | €8,243 | -€2,458 | -23.0% |
| Recurring financial charges | 65 | €10,701 | €8,243 | -€2,458 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | -€57,381 | €24,656 | +€82,037 | |
| Transfer from deferred taxes | 780 | €64,591 | €40,091 | -€24,500 | -37.9% |
| Income taxes | 67/77 | €4,522 | €9,806 | +€5,284 | +117% |
| Profit (loss) for the period | 9904 | €2,688 | €54,941 | +€52,253 | +1,944% |
| Profit (loss) for the period to be appropriated | 9905 | €2,688 | €54,941 | +€52,253 | +1,944% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.