STSS: 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.
STSS
Largest movements
- Receivables within one year +€183,949
up €183,949 (+62.8%), from €292,878 to €476,827
of which Trade receivables: +€183,972
- Cash +€99,636
up €99,636 (+245.1%), from €40,648 to €140,284
mainly Short-term financial debts (+€450,000) and Net result for the year (+€330,183)
- Tangible fixed assets +€25,232
up €25,232 (+295.5%), from €8,538 to €33,770
of which Plant, machinery and equipment: +€29,980
- Stocks and contracts +€19,027
up €19,027 (+4756730.0%), from €0 to €19,027
- Debts after one year -€600,000
no longer reported in 2025 (was €600,000)
- Short-term financial debts +€450,000
new in 2025: €450,000
- Profit (loss) carried forward +€330,183
up €330,183 (+51.4%), from -€642,028 to -€311,845
- Trade debts +€169,235
up €169,235 (+162.7%), from €103,999 to €273,234
- Accrued charges and deferred income -€71,151
down €71,151 (-91.8%), from €77,491 to €6,340
- Gross operating margin +€462,022
up €462,022 (+47.3%), from €977,413 to €1.4m
- Staff costs +€274,460
up €274,460 (+34.3%), from €799,117 to €1.1m
- Write-downs +€86,155
no longer reported in 2025 (was -€86,155)
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 | €347,726 | €678,405 | +€330,679 | +95.1% |
| Fixed assets | 21/28 | €8,538 | €33,770 | +€25,232 | +295.5% |
| Tangible fixed assets | 22/27 | €8,538 | €33,770 | +€25,232 | +295.5% |
| Plant, machinery and equipment | 23 | - | €29,980 | +€29,980 | |
| Furniture and vehicles | 24 | €8,538 | €3,790 | -€4,748 | -55.6% |
| Current assets | 29/58 | €339,187 | €644,635 | +€305,448 | +90.1% |
| Stocks and contracts in progress | 3 | €0 | €19,027 | +€19,027 | +4756730.0% |
| Contracts in progress | 37 | €0 | €19,027 | +€19,027 | +4756730.0% |
| Amounts receivable within one year | 40/41 | €292,878 | €476,827 | +€183,949 | +62.8% |
| Trade receivables | 40 | €292,856 | €476,827 | +€183,972 | +62.8% |
| Other amounts receivable | 41 | €23 | - | -€23 | |
| Cash at bank and in hand | 54/58 | €40,648 | €140,284 | +€99,636 | +245.1% |
| Deferred charges and accrued income | 490/1 | €5,661 | €8,497 | +€2,836 | +50.1% |
| Total equity and liabilities | 10/49 | €347,726 | €678,405 | +€330,679 | +95.1% |
| Equity | 10/15 | -€633,028 | -€302,845 | +€330,183 | +52.2% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€642,028 | -€311,845 | +€330,183 | +51.4% |
| Amounts payable | 17/49 | €980,754 | €981,251 | +€497 | +0.1% |
| Amounts payable after more than one year | 17 | €600,000 | - | -€600,000 | |
| Other amounts payable | 178/9 | €600,000 | - | -€600,000 | |
| Amounts payable within one year | 42/48 | €303,263 | €974,910 | +€671,648 | +221.5% |
| Financial debts | 43 | - | €450,000 | +€450,000 | |
| Other loans | 439 | - | €450,000 | +€450,000 | |
| Trade debts | 44 | €103,999 | €273,234 | +€169,235 | +162.7% |
| Suppliers | 440/4 | €103,999 | €273,234 | +€169,235 | +162.7% |
| Taxes, remuneration and social security | 45 | €199,263 | €251,676 | +€52,413 | +26.3% |
| Taxes | 450/3 | €52,557 | €39,135 | -€13,422 | -25.5% |
| Remuneration and social security | 454/9 | €146,707 | €212,541 | +€65,834 | +44.9% |
| Accrued charges and deferred income | 492/3 | €77,491 | €6,340 | -€71,151 | -91.8% |
| Remuneration, social security and pensions | 62 | €799,117 | €1,073,577 | +€274,460 | +34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,276 | €9,458 | -€1,818 | -16.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€86,155 | - | +€86,155 | |
| Other operating charges | 640/8 | €20,574 | €16,063 | -€4,511 | -21.9% |
| Gross operating margin | 9900 | €977,413 | €1,439,435 | +€462,022 | +47.3% |
| Operating profit (loss) | 9901 | €232,602 | €340,338 | +€107,737 | +46.3% |
| Financial charges | 65/66B | €15,976 | €7,314 | -€8,661 | -54.2% |
| Recurring financial charges | 65 | €15,976 | €7,314 | -€8,661 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €216,626 | €333,024 | +€116,398 | +53.7% |
| Income taxes | 67/77 | €2,636 | €2,842 | +€206 | +7.8% |
| Profit (loss) for the period | 9904 | €213,990 | €330,183 | +€116,192 | +54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €213,990 | €330,183 | +€116,192 | +54.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.