STD Engineering: 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.
STD Engineering
Largest movements
- Cash +€33,784
up €33,784 (+44.8%), from €75,451 to €109,236
mainly Other debts (+€37,176) and Net result for the year (+€16,408)
- Receivables within one year -€15,730
down €15,730 (-60.7%), from €25,910 to €10,180
of which Trade receivables: -€16,416
- Tangible fixed assets +€1,277
up €1,277 (+1,323%), from €97 to €1,373
- Other debts +€37,176
up €37,176 (+101%), from €36,739 to €73,916
- Reserves -€12,500
down €12,500 (-25.6%), from €48,814 to €36,314
- Trade debts -€2,602
down €2,602 (-100%), from €2,602 to €0
- Tax, wage and social debts -€2,297
down €2,297 (-27.7%), from €8,292 to €5,995
of which Taxes: -€2,297
- Gross operating margin +€4,291
up €4,291 (+21.6%), from €19,909 to €24,199
- Taxes +€1,523
up €1,523 (+46.3%), from €3,290 to €4,813
- Financial charges +€311
up €311 (+14.4%), from €2,160 to €2,471
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 | €101,832 | €121,225 | +€19,392 | +19.0% |
| Fixed assets | 21/28 | €97 | €1,373 | +€1,277 | +1,323% |
| Tangible fixed assets | 22/27 | €97 | €1,373 | +€1,277 | +1,323% |
| Furniture and vehicles | 24 | €97 | €1,373 | +€1,277 | +1,323% |
| Current assets | 29/58 | €101,736 | €119,851 | +€18,116 | +17.8% |
| Amounts receivable within one year | 40/41 | €25,910 | €10,180 | -€15,730 | -60.7% |
| Trade receivables | 40 | €23,700 | €7,284 | -€16,416 | -69.3% |
| Other amounts receivable | 41 | €2,210 | €2,897 | +€687 | +31.1% |
| Cash at bank and in hand | 54/58 | €75,451 | €109,236 | +€33,784 | +44.8% |
| Deferred charges and accrued income | 490/1 | €375 | €436 | +€61 | +16.3% |
| Total equity and liabilities | 10/49 | €101,832 | €121,225 | +€19,392 | +19.0% |
| Equity | 10/15 | €54,200 | €41,314 | -€12,885 | -23.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €48,814 | €36,314 | -€12,500 | -25.6% |
| Distributable reserves | 133 | €48,814 | €36,314 | -€12,500 | -25.6% |
| Profit (loss) carried forward | 14 | €385 | €0 | -€385 | -100% |
| Amounts payable | 17/49 | €47,633 | €79,911 | +€32,278 | +67.8% |
| Amounts payable within one year | 42/48 | €47,633 | €79,911 | +€32,278 | +67.8% |
| Trade debts | 44 | €2,602 | €0 | -€2,602 | -100% |
| Suppliers | 440/4 | €2,602 | €0 | -€2,602 | -100% |
| Taxes, remuneration and social security | 45 | €8,292 | €5,995 | -€2,297 | -27.7% |
| Taxes | 450/3 | €8,292 | €5,995 | -€2,297 | -27.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €36,739 | €73,916 | +€37,176 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326 | €108 | -€219 | -67.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €19,909 | €24,199 | +€4,291 | +21.6% |
| Operating profit (loss) | 9901 | €19,195 | €23,692 | +€4,497 | +23.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,160 | €2,471 | +€311 | +14.4% |
| Recurring financial charges | 65 | €2,160 | €2,471 | +€311 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €17,035 | €21,221 | +€4,186 | +24.6% |
| Income taxes | 67/77 | €3,290 | €4,813 | +€1,523 | +46.3% |
| Profit (loss) for the period | 9904 | €13,744 | €16,408 | +€2,663 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,744 | €16,408 | +€2,663 | +19.4% |
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.