Subsea Structural Technologies: 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.
Subsea Structural Technologies
Largest movements
- Tangible fixed assets +€33,408
new in 2025: €33,408
- Cash +€11,863
up €11,863 (+231%), from €5,125 to €16,988
mainly Contributions, distributions and other (+€52,000) and Tax, wage and social debts (+€6,284)
- Receivables within one year +€5,420
up €5,420 (+197%), from €2,750 to €8,170
of which Trade receivables: +€6,259
- Contributions +€52,000
up €52,000 (+520%), from €10,000 to €62,000
- Other debts -€7,017
no longer reported in 2025 (was €7,017)
- Tax, wage and social debts +€6,284
new in 2025: €6,284
of which Remuneration and social security: +€4,654
- Profit (loss) carried forward -€1,689
down €1,689 (-18.5%), from -€9,143 to -€10,832
- Trade debts +€1,113
new in 2025: €1,113
- Gross operating margin +€56,420
up €56,420, from -€32,997 to €23,423
- Staff costs +€22,327
new in 2025: €22,327
- Depreciation +€2,208
new in 2025: €2,208
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 | €7,875 | €58,565 | +€50,691 | +644% |
| Fixed assets | 21/28 | - | €33,408 | +€33,408 | |
| Tangible fixed assets | 22/27 | - | €33,408 | +€33,408 | |
| Furniture and vehicles | 24 | - | €33,408 | +€33,408 | |
| Current assets | 29/58 | €7,875 | €25,157 | +€17,283 | +219% |
| Amounts receivable within one year | 40/41 | €2,750 | €8,170 | +€5,420 | +197% |
| Trade receivables | 40 | €1,567 | €7,826 | +€6,259 | +399% |
| Other amounts receivable | 41 | €1,183 | €344 | -€839 | -71.0% |
| Cash at bank and in hand | 54/58 | €5,125 | €16,988 | +€11,863 | +231% |
| Total equity and liabilities | 10/49 | €7,875 | €58,565 | +€50,691 | +644% |
| Equity | 10/15 | €857 | €51,168 | +€50,311 | +5,869% |
| Contributions | 10/11 | €10,000 | €62,000 | +€52,000 | +520% |
| Profit (loss) carried forward | 14 | -€9,143 | -€10,832 | -€1,689 | -18.5% |
| Amounts payable | 17/49 | €7,017 | €7,397 | +€380 | +5.4% |
| Amounts payable within one year | 42/48 | €7,017 | €7,397 | +€380 | +5.4% |
| Trade debts | 44 | - | €1,113 | +€1,113 | |
| Suppliers | 440/4 | - | €1,113 | +€1,113 | |
| Taxes, remuneration and social security | 45 | - | €6,284 | +€6,284 | |
| Taxes | 450/3 | - | €1,630 | +€1,630 | |
| Remuneration and social security | 454/9 | - | €4,654 | +€4,654 | |
| Other amounts payable | 47/48 | €7,017 | - | -€7,017 | |
| Remuneration, social security and pensions | 62 | - | €22,327 | +€22,327 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,208 | +€2,208 | |
| Other operating charges | 640/8 | €36 | €313 | +€277 | +770% |
| Gross operating margin | 9900 | -€32,997 | €23,423 | +€56,420 | |
| Operating profit (loss) | 9901 | -€33,033 | -€1,425 | +€31,608 | +95.7% |
| Financial charges | 65/66B | €196 | €218 | +€22 | +11.3% |
| Recurring financial charges | 65 | €196 | €218 | +€22 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | -€33,229 | -€1,643 | +€31,586 | +95.1% |
| Income taxes | 67/77 | - | €46 | +€46 | |
| Profit (loss) for the period | 9904 | -€33,229 | -€1,689 | +€31,540 | +94.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,229 | -€1,689 | +€31,540 | +94.9% |
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 27 October 2026 via checked.be.