STAM AGRO: 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 AGRO
Largest movements
- Cash -€141,006
down €141,006 (-99.7%), from €141,403 to €397
mainly Net result for the year (-€602,490) and Investment in fixed assets (net) (-€449,807)
- Receivables within one year -€115,553
down €115,553 (-17.5%), from €659,230 to €543,677
of which Trade receivables: -€66,711
- Intangible fixed assets +€48,402
up €48,402 (+3.3%), from €1.5m to €1.5m
- Tangible fixed assets +€26,784
up €26,784 (+107%), from €25,036 to €51,820
of which Leasing and similar rights: +€30,537
- Profit (loss) carried forward -€602,490
down €602,490 (-112%), from -€538,965 to -€1.1m
- Trade debts +€240,636
up €240,636 (+48.2%), from €499,362 to €739,998
- Other debts +€143,838
up €143,838 (+13.6%), from €1.1m to €1.2m
- Investment grants -€115,472
down €115,472 (-17.6%), from €654,433 to €538,960
- Short-term financial debts +€59,987
new in 2025: €59,987
- Staff costs +€161,721
up €161,721 (+75.2%), from €215,087 to €376,807
- Depreciation +€144,487
up €144,487 (+64.2%), from €225,134 to €369,621
- Gross operating margin +€127,368
up €127,368, from -€8,521 to €118,847
- Financial income +€40,483
up €40,483 (+53.4%), from €75,774 to €116,257
- Financial charges +€30,384
up €30,384 (+60.8%), from €49,952 to €80,336
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 | €2,288,281 | €2,112,778 | -€175,503 | -7.7% |
| Fixed assets | 21/28 | €1,483,524 | €1,563,710 | +€80,186 | +5.4% |
| Intangible fixed assets | 21 | €1,458,488 | €1,506,890 | +€48,402 | +3.3% |
| Tangible fixed assets | 22/27 | €25,036 | €51,820 | +€26,784 | +107% |
| Plant, machinery and equipment | 23 | €22,787 | €20,128 | -€2,659 | -11.7% |
| Furniture and vehicles | 24 | €2,249 | €1,155 | -€1,094 | -48.6% |
| Leasing and similar rights | 25 | - | €30,537 | +€30,537 | |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €804,758 | €549,068 | -€255,690 | -31.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €659,230 | €543,677 | -€115,553 | -17.5% |
| Trade receivables | 40 | €83,832 | €17,121 | -€66,711 | -79.6% |
| Other amounts receivable | 41 | €575,398 | €526,556 | -€48,842 | -8.5% |
| Cash at bank and in hand | 54/58 | €141,403 | €397 | -€141,006 | -99.7% |
| Deferred charges and accrued income | 490/1 | €4,125 | €4,994 | +€869 | +21.1% |
| Total equity and liabilities | 10/49 | €2,288,281 | €2,112,778 | -€175,503 | -7.7% |
| Equity | 10/15 | €186,340 | -€531,622 | -€717,962 | |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €5,872 | €5,872 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,872 | €5,872 | = | 0.0% |
| Legal reserve | 130 | €5,872 | €5,872 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€538,965 | -€1,141,455 | -€602,490 | -112% |
| Investment grants | 15 | €654,433 | €538,960 | -€115,472 | -17.6% |
| Amounts payable | 17/49 | €2,101,942 | €2,644,400 | +€542,459 | +25.8% |
| Amounts payable after more than one year | 17 | €506,250 | €559,676 | +€53,426 | +10.6% |
| Financial debts | 170/4 | - | €23,426 | +€23,426 | |
| Other amounts payable | 178/9 | €506,250 | €536,250 | +€30,000 | +5.9% |
| Amounts payable within one year | 42/48 | €1,595,692 | €2,084,150 | +€488,459 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | - | €7,153 | +€7,153 | |
| Financial debts | 43 | - | €59,987 | +€59,987 | |
| Credit institutions | 430/8 | - | €59,987 | +€59,987 | |
| Trade debts | 44 | €499,362 | €739,998 | +€240,636 | +48.2% |
| Suppliers | 440/4 | €499,362 | €739,998 | +€240,636 | +48.2% |
| Taxes, remuneration and social security | 45 | €39,127 | €75,972 | +€36,844 | +94.2% |
| Taxes | 450/3 | €346 | €922 | +€576 | +167% |
| Remuneration and social security | 454/9 | €38,782 | €75,049 | +€36,268 | +93.5% |
| Other amounts payable | 47/48 | €1,057,202 | €1,201,041 | +€143,838 | +13.6% |
| Accrued charges and deferred income | 492/3 | - | €574 | +€574 | |
| Non-recurring operating income | 76A | €5,973 | €0 | -€5,973 | -100% |
| Remuneration, social security and pensions | 62 | €215,087 | €376,807 | +€161,721 | +75.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €225,134 | €369,621 | +€144,487 | +64.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,717 | +€7,717 | |
| Other operating charges | 640/8 | €647 | €2,190 | +€1,543 | +238% |
| Gross operating margin | 9900 | -€8,521 | €118,847 | +€127,368 | |
| Operating profit (loss) | 9901 | -€449,388 | -€637,488 | -€188,100 | -41.9% |
| Financial income | 75/76B | €75,774 | €116,257 | +€40,483 | +53.4% |
| Recurring financial income | 75 | €75,774 | €116,257 | +€40,483 | +53.4% |
| Financial charges | 65/66B | €49,952 | €80,336 | +€30,384 | +60.8% |
| Recurring financial charges | 65 | €49,952 | €80,336 | +€30,384 | +60.8% |
| Profit (loss) for the period before taxes | 9903 | -€423,566 | -€601,567 | -€178,002 | -42.0% |
| Income taxes | 67/77 | €346 | €922 | +€576 | +167% |
| Profit (loss) for the period | 9904 | -€423,912 | -€602,490 | -€178,578 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€423,912 | -€602,490 | -€178,578 | -42.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.