STS WORKS: 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 WORKS
Largest movements
- Current investments +€98,560
new in 2025: €98,560
- Receivables within one year -€94,156
down €94,156 (-92.9%), from €101,344 to €7,188
of which Other amounts receivable: -€98,196
- Tangible fixed assets +€34,004
up €34,004 (+142.8%), from €23,810 to €57,814
of which Furniture and vehicles: +€31,161
- Cash -€26,559
down €26,559 (-57.5%), from €46,223 to €19,664
mainly Current investments (-€98,560) and Investment in fixed assets (net) (-€48,595)
- Reserves +€9,048
up €9,048 (+10.2%), from €88,731 to €97,779
- Tax, wage and social debts +€3,937
up €3,937 (+396.5%), from €993 to €4,930
- Turnover +€81,547
new in 2025: €81,547
- Purchases and services +€66,792
up €66,792 (+557.3%), from €11,985 to €78,777
- Gross operating margin +€18,554
up €18,554 (+201.3%), from €9,216 to €27,770
- Depreciation +€4,626
up €4,626 (+46.4%), from €9,965 to €14,591
- Financial income -€2,629
down €2,629 (-97.4%), from €2,700 to €71
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 | €172,697 | €183,916 | +€11,219 | +6.5% |
| Fixed assets | 21/28 | €23,810 | €57,814 | +€34,004 | +142.8% |
| Tangible fixed assets | 22/27 | €23,810 | €57,814 | +€34,004 | +142.8% |
| Plant, machinery and equipment | 23 | - | €2,843 | +€2,843 | |
| Furniture and vehicles | 24 | €23,810 | €54,971 | +€31,161 | +130.9% |
| Current assets | 29/58 | €148,887 | €126,102 | -€22,785 | -15.3% |
| Stocks and contracts in progress | 3 | €1,320 | €690 | -€630 | -47.7% |
| Stocks | 30/36 | €1,320 | €690 | -€630 | -47.7% |
| Amounts receivable within one year | 40/41 | €101,344 | €7,188 | -€94,156 | -92.9% |
| Trade receivables | 40 | €3,086 | €7,126 | +€4,040 | +130.9% |
| Other amounts receivable | 41 | €98,258 | €62 | -€98,196 | -99.9% |
| Current investments | 50/53 | - | €98,560 | +€98,560 | |
| Cash at bank and in hand | 54/58 | €46,223 | €19,664 | -€26,559 | -57.5% |
| Total equity and liabilities | 10/49 | €172,697 | €183,916 | +€11,219 | +6.5% |
| Equity | 10/15 | €92,695 | €101,743 | +€9,048 | +9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,731 | €97,779 | +€9,048 | +10.2% |
| Distributable reserves | 133 | €88,731 | €97,779 | +€9,048 | +10.2% |
| Profit (loss) carried forward | 14 | -€14,636 | -€14,636 | = | 0.0% |
| Amounts payable | 17/49 | €80,002 | €82,173 | +€2,171 | +2.7% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,002 | €7,173 | +€2,171 | +43.4% |
| Trade debts | 44 | €2,002 | €734 | -€1,268 | -63.3% |
| Suppliers | 440/4 | €2,002 | €734 | -€1,268 | -63.3% |
| Taxes, remuneration and social security | 45 | €993 | €4,930 | +€3,937 | +396.5% |
| Taxes | 450/3 | €993 | €4,930 | +€3,937 | +396.5% |
| Other amounts payable | 47/48 | €2,007 | €1,509 | -€498 | -24.8% |
| Turnover | 70 | - | €81,547 | +€81,547 | |
| Goods, raw materials, services and sundry goods | 60/61 | €11,985 | €78,777 | +€66,792 | +557.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,965 | €14,591 | +€4,626 | +46.4% |
| Other operating charges | 640/8 | €658 | €960 | +€302 | +45.9% |
| Gross operating margin | 9900 | €9,216 | €27,770 | +€18,554 | +201.3% |
| Operating profit (loss) | 9901 | -€1,407 | €12,219 | +€13,626 | |
| Financial income | 75/76B | €2,700 | €71 | -€2,629 | -97.4% |
| Recurring financial income | 75 | €2,700 | €71 | -€2,629 | -97.4% |
| Financial charges | 65/66B | €1,035 | €2,206 | +€1,171 | +113.1% |
| Recurring financial charges | 65 | €1,035 | €2,206 | +€1,171 | +113.1% |
| Profit (loss) for the period before taxes | 9903 | €258 | €10,084 | +€9,826 | +3808.5% |
| Income taxes | 67/77 | - | €1,036 | +€1,036 | |
| Profit (loss) for the period | 9904 | €258 | €9,048 | +€8,790 | +3407.0% |
| Profit (loss) for the period to be appropriated | 9905 | €258 | €9,048 | +€8,790 | +3407.0% |
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 10 October 2026 via checked.be.