STS SOLUTIONS: 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.
STS SOLUTIONS
Largest movements
- Receivables within one year -€65,199
down €65,199 (-16.4%), from €398,194 to €332,995
of which Trade receivables: -€71,474
- Stocks and contracts +€15,902
up €15,902 (+7.9%), from €200,076 to €215,979
of which Contracts in progress: +€16,019
- Reserves +€150,681
up €150,681 (+78.0%), from €193,255 to €343,936
- Other debts -€110,135
down €110,135 (-41.1%), from €267,907 to €157,772
- Trade debts -€74,255
down €74,255 (-27.0%), from €274,712 to €200,457
- Debts after one year +€28,056
up €28,056 (+91.2%), from €30,778 to €58,834
- Current portion of long-term debt -€18,551
down €18,551 (-40.2%), from €46,179 to €27,627
- Gross operating margin +€183,828
up €183,828 (+45.7%), from €402,596 to €586,424
- Staff costs +€65,737
up €65,737 (+52.2%), from €126,019 to €191,757
- Taxes +€28,861
up €28,861 (+43.8%), from €65,856 to €94,716
- Depreciation +€10,737
up €10,737 (+26.6%), from €40,355 to €51,092
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 | €911,520 | €863,109 | -€48,412 | -5.3% |
| Fixed assets | 21/28 | €98,393 | €95,245 | -€3,148 | -3.2% |
| Intangible fixed assets | 21 | €5,946 | €4,677 | -€1,269 | -21.3% |
| Tangible fixed assets | 22/27 | €92,447 | €90,568 | -€1,879 | -2.0% |
| Plant, machinery and equipment | 23 | €32,598 | €48,399 | +€15,801 | +48.5% |
| Furniture and vehicles | 24 | €49,856 | €31,217 | -€18,639 | -37.4% |
| Other tangible fixed assets | 26 | €9,993 | €10,952 | +€959 | +9.6% |
| Current assets | 29/58 | €813,127 | €767,864 | -€45,263 | -5.6% |
| Stocks and contracts in progress | 3 | €200,076 | €215,979 | +€15,902 | +7.9% |
| Stocks | 30/36 | €200,076 | €199,959 | -€117 | -0.1% |
| Contracts in progress | 37 | - | €16,019 | +€16,019 | |
| Amounts receivable within one year | 40/41 | €398,194 | €332,995 | -€65,199 | -16.4% |
| Trade receivables | 40 | €398,194 | €326,719 | -€71,474 | -17.9% |
| Other amounts receivable | 41 | - | €6,276 | +€6,276 | |
| Cash at bank and in hand | 54/58 | €201,255 | €208,869 | +€7,615 | +3.8% |
| Deferred charges and accrued income | 490/1 | €13,603 | €10,021 | -€3,582 | -26.3% |
| Total equity and liabilities | 10/49 | €911,520 | €863,109 | -€48,412 | -5.3% |
| Equity | 10/15 | €211,855 | €362,536 | +€150,681 | +71.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €193,255 | €343,936 | +€150,681 | +78.0% |
| Distributable reserves | 133 | €193,255 | €343,936 | +€150,681 | +78.0% |
| Amounts payable | 17/49 | €699,665 | €500,572 | -€199,092 | -28.5% |
| Amounts payable after more than one year | 17 | €30,778 | €58,834 | +€28,056 | +91.2% |
| Financial debts | 170/4 | €30,778 | €58,834 | +€28,056 | +91.2% |
| Amounts payable within one year | 42/48 | €660,957 | €441,309 | -€219,648 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €46,179 | €27,627 | -€18,551 | -40.2% |
| Financial debts | 43 | €8,333 | €8,462 | +€129 | +1.5% |
| Credit institutions | 430/8 | €8,333 | €8,462 | +€129 | +1.5% |
| Trade debts | 44 | €274,712 | €200,457 | -€74,255 | -27.0% |
| Suppliers | 440/4 | €274,712 | €200,457 | -€74,255 | -27.0% |
| Taxes, remuneration and social security | 45 | €63,826 | €46,991 | -€16,835 | -26.4% |
| Taxes | 450/3 | €42,155 | €15,689 | -€26,466 | -62.8% |
| Remuneration and social security | 454/9 | €21,672 | €31,302 | +€9,631 | +44.4% |
| Other amounts payable | 47/48 | €267,907 | €157,772 | -€110,135 | -41.1% |
| Accrued charges and deferred income | 492/3 | €7,929 | €429 | -€7,500 | -94.6% |
| Non-recurring operating income | 76A | €9,955 | - | -€9,955 | |
| Remuneration, social security and pensions | 62 | €126,019 | €191,757 | +€65,737 | +52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,355 | €51,092 | +€10,737 | +26.6% |
| Other operating charges | 640/8 | €275 | €682 | +€407 | +148.1% |
| Gross operating margin | 9900 | €402,596 | €586,424 | +€183,828 | +45.7% |
| Operating profit (loss) | 9901 | €235,946 | €342,893 | +€106,947 | +45.3% |
| Financial income | 75/76B | €830 | €6,236 | +€5,406 | +651.1% |
| Recurring financial income | 75 | €830 | €6,236 | +€5,406 | +651.1% |
| Financial charges | 65/66B | €8,581 | €3,732 | -€4,849 | -56.5% |
| Recurring financial charges | 65 | €8,581 | €3,732 | -€4,849 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | €228,195 | €345,397 | +€117,202 | +51.4% |
| Income taxes | 67/77 | €65,856 | €94,716 | +€28,861 | +43.8% |
| Profit (loss) for the period | 9904 | €162,340 | €250,681 | +€88,341 | +54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €162,340 | €250,681 | +€88,341 | +54.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.