STS Shipping: 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 Shipping
Largest movements
- Cash +€330,308
up €330,308 (+377%), from €87,631 to €417,940
mainly Net result for the year (+€294,692) and Tax, wage and social debts (+€65,378)
- Receivables within one year +€53,877
up €53,877 (+117%), from €46,070 to €99,947
of which Other amounts receivable: +€31,364
- Tangible fixed assets -€8,317
down €8,317 (-16.4%), from €50,562 to €42,245
- Profit (loss) carried forward +€294,692
up €294,692 (+209%), from €141,127 to €435,819
- Tax, wage and social debts +€65,378
up €65,378 (+161%), from €40,637 to €106,015
- Trade debts +€15,798
new in 2025: €15,798
- Gross operating margin +€227,683
up €227,683 (+124%), from €183,180 to €410,863
- Taxes +€51,742
up €51,742 (+127%), from €40,637 to €92,378
- Depreciation +€19,439
up €19,439 (+3,361%), from €578 to €20,017
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 | €184,264 | €560,132 | +€375,868 | +204% |
| Fixed assets | 21/28 | €50,562 | €42,245 | -€8,317 | -16.4% |
| Tangible fixed assets | 22/27 | €50,562 | €42,245 | -€8,317 | -16.4% |
| Furniture and vehicles | 24 | €50,562 | €42,245 | -€8,317 | -16.4% |
| Current assets | 29/58 | €133,702 | €517,887 | +€384,186 | +287% |
| Amounts receivable within one year | 40/41 | €46,070 | €99,947 | +€53,877 | +117% |
| Trade receivables | 40 | - | €22,514 | +€22,514 | |
| Other amounts receivable | 41 | €46,070 | €77,434 | +€31,364 | +68.1% |
| Cash at bank and in hand | 54/58 | €87,631 | €417,940 | +€330,308 | +377% |
| Total equity and liabilities | 10/49 | €184,264 | €560,132 | +€375,868 | +204% |
| Equity | 10/15 | €143,627 | €438,319 | +€294,692 | +205% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,127 | €435,819 | +€294,692 | +209% |
| Amounts payable | 17/49 | €40,637 | €121,813 | +€81,176 | +200% |
| Amounts payable within one year | 42/48 | €40,637 | €121,813 | +€81,176 | +200% |
| Trade debts | 44 | - | €15,798 | +€15,798 | |
| Suppliers | 440/4 | - | €15,798 | +€15,798 | |
| Taxes, remuneration and social security | 45 | €40,637 | €106,015 | +€65,378 | +161% |
| Taxes | 450/3 | €40,637 | €106,015 | +€65,378 | +161% |
| Remuneration, social security and pensions | 62 | - | €1,325 | +€1,325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €578 | €20,017 | +€19,439 | +3,361% |
| Other operating charges | 640/8 | €819 | €2,240 | +€1,421 | +173% |
| Gross operating margin | 9900 | €183,180 | €410,863 | +€227,683 | +124% |
| Operating profit (loss) | 9901 | €181,782 | €387,281 | +€205,499 | +113% |
| Financial income | 75/76B | €42 | €0 | -€42 | -99.7% |
| Recurring financial income | 75 | €42 | €0 | -€42 | -99.7% |
| Financial charges | 65/66B | €61 | €211 | +€150 | +247% |
| Recurring financial charges | 65 | €61 | €211 | +€150 | +247% |
| Profit (loss) for the period before taxes | 9903 | €181,764 | €387,070 | +€205,307 | +113% |
| Income taxes | 67/77 | €40,637 | €92,378 | +€51,742 | +127% |
| Profit (loss) for the period | 9904 | €141,127 | €294,692 | +€153,565 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €141,127 | €294,692 | +€153,565 | +109% |
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 15 October 2026 via checked.be.