STAM: 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.
STAM
Largest movements
- Cash +€7,707
up €7,707 (+260%), from €2,969 to €10,676
mainly Depreciation (+€8,572) and Tax, wage and social debts (+€4,395)
- Stocks and contracts -€4,111
down €4,111 (-72.8%), from €5,646 to €1,535
- Receivables within one year -€3,234
down €3,234 (-71.8%), from €4,507 to €1,273
of which Other amounts receivable: -€1,887
- Receivables after one year -€1,650
down €1,650 (-15.4%), from €10,700 to €9,050
- Tax, wage and social debts +€4,395
new in 2025: €4,395
of which Taxes: +€3,145
- Trade debts -€4,152
down €4,152 (-92.6%), from €4,483 to €331
- Debts after one year -€1,800
down €1,800 (-50.7%), from €3,550 to €1,750
- Gross operating margin +€2,560
up €2,560 (+31.0%), from €8,261 to €10,821
- Depreciation -€1,051
down €1,051 (-10.9%), from €9,623 to €8,572
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 | €48,486 | €47,555 | -€930 | -1.9% |
| Fixed assets | 21/28 | €23,341 | €23,682 | +€341 | +1.5% |
| Tangible fixed assets | 22/27 | €23,336 | €23,677 | +€341 | +1.5% |
| Plant, machinery and equipment | 23 | €19,753 | €19,033 | -€721 | -3.6% |
| Furniture and vehicles | 24 | €3,583 | €4,645 | +€1,062 | +29.6% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €25,145 | €23,873 | -€1,272 | -5.1% |
| Amounts receivable after more than one year | 29 | €10,700 | €9,050 | -€1,650 | -15.4% |
| Other amounts receivable | 291 | €10,700 | €9,050 | -€1,650 | -15.4% |
| Stocks and contracts in progress | 3 | €5,646 | €1,535 | -€4,111 | -72.8% |
| Stocks | 30/36 | €5,646 | €1,535 | -€4,111 | -72.8% |
| Amounts receivable within one year | 40/41 | €4,507 | €1,273 | -€3,234 | -71.8% |
| Trade receivables | 40 | €1,620 | €273 | -€1,347 | -83.2% |
| Other amounts receivable | 41 | €2,887 | €1,000 | -€1,887 | -65.4% |
| Cash at bank and in hand | 54/58 | €2,969 | €10,676 | +€7,707 | +260% |
| Deferred charges and accrued income | 490/1 | €1,323 | €1,339 | +€16 | +1.2% |
| Total equity and liabilities | 10/49 | €48,486 | €47,555 | -€930 | -1.9% |
| Equity | 10/15 | €22,440 | €22,760 | +€320 | +1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,914 | €18,914 | = | 0.0% |
| Distributable reserves | 133 | €18,914 | €18,914 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,674 | -€2,354 | +€320 | +12.0% |
| Amounts payable | 17/49 | €26,045 | €24,795 | -€1,250 | -4.8% |
| Amounts payable after more than one year | 17 | €3,550 | €1,750 | -€1,800 | -50.7% |
| Financial debts | 170/4 | €3,550 | €1,750 | -€1,800 | -50.7% |
| Amounts payable within one year | 42/48 | €21,180 | €21,728 | +€548 | +2.6% |
| Trade debts | 44 | €4,483 | €331 | -€4,152 | -92.6% |
| Suppliers | 440/4 | €4,483 | €331 | -€4,152 | -92.6% |
| Taxes, remuneration and social security | 45 | - | €4,395 | +€4,395 | |
| Taxes | 450/3 | - | €3,145 | +€3,145 | |
| Remuneration and social security | 454/9 | - | €1,250 | +€1,250 | |
| Other amounts payable | 47/48 | €16,697 | €17,003 | +€306 | +1.8% |
| Accrued charges and deferred income | 492/3 | €1,316 | €1,317 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,623 | €8,572 | -€1,051 | -10.9% |
| Other operating charges | 640/8 | €621 | €626 | +€5 | +0.8% |
| Non-recurring operating charges | 66A | €314 | €1,148 | +€834 | +266% |
| Gross operating margin | 9900 | €8,261 | €10,821 | +€2,560 | +31.0% |
| Operating profit (loss) | 9901 | -€2,297 | €475 | +€2,772 | |
| Financial income | 75/76B | €8 | €0 | -€8 | -98.4% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -98.4% |
| Financial charges | 65/66B | €121 | €155 | +€35 | +28.6% |
| Recurring financial charges | 65 | €121 | €155 | +€35 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,410 | €320 | +€2,730 | |
| Profit (loss) for the period | 9904 | -€2,410 | €320 | +€2,730 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,410 | €320 | +€2,730 |
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 13 October 2026 via checked.be.