STAM PROJECT MANAGEMENT & 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.
STAM PROJECT MANAGEMENT & ENGINEERING
Largest movements
- Current investments +€49,494
up €49,494 (+12.6%), from €392,319 to €441,813
- Cash -€19,335
down €19,335 (-48.2%), from €40,154 to €20,819
mainly Contributions, distributions and other (-€100,000) and Current investments (-€49,494)
- Other debts +€79,573
up €79,573 (+98.3%), from €80,955 to €160,528
- Reserves -€33,000
down €33,000 (-9.9%), from €335,000 to €302,000
- Tax, wage and social debts -€17,116
down €17,116 (-67.4%), from €25,398 to €8,282
- Financial charges +€34,780
up €34,780 (+4,310%), from €807 to €35,587
- Taxes -€7,103
down €7,103 (-20.5%), from €34,593 to €27,490
- Depreciation -€6,425
down €6,425 (-63.7%), from €10,086 to €3,661
- Gross operating margin -€5,501
down €5,501 (-4.6%), from €118,555 to €113,054
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 | €464,510 | €491,357 | +€26,847 | +5.8% |
| Fixed assets | 21/28 | €13,238 | €10,478 | -€2,760 | -20.8% |
| Tangible fixed assets | 22/27 | €3,938 | €1,178 | -€2,760 | -70.1% |
| Plant, machinery and equipment | 23 | €511 | €111 | -€400 | -78.3% |
| Furniture and vehicles | 24 | €3,427 | €1,067 | -€2,360 | -68.9% |
| Financial fixed assets | 28 | €9,300 | €9,300 | = | 0.0% |
| Current assets | 29/58 | €451,272 | €480,879 | +€29,607 | +6.6% |
| Amounts receivable within one year | 40/41 | €13,613 | €13,613 | = | 0.0% |
| Trade receivables | 40 | €13,613 | €13,613 | = | 0.0% |
| Current investments | 50/53 | €392,319 | €441,813 | +€49,494 | +12.6% |
| Cash at bank and in hand | 54/58 | €40,154 | €20,819 | -€19,335 | -48.2% |
| Deferred charges and accrued income | 490/1 | €5,186 | €4,634 | -€552 | -10.6% |
| Total equity and liabilities | 10/49 | €464,510 | €491,357 | +€26,847 | +5.8% |
| Equity | 10/15 | €353,997 | €321,590 | -€32,407 | -9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €335,000 | €302,000 | -€33,000 | -9.9% |
| Distributable reserves | 133 | €335,000 | €302,000 | -€33,000 | -9.9% |
| Profit (loss) carried forward | 14 | €397 | €990 | +€593 | +149% |
| Amounts payable | 17/49 | €110,513 | €169,767 | +€59,254 | +53.6% |
| Amounts payable within one year | 42/48 | €110,513 | €169,767 | +€59,254 | +53.6% |
| Current portion of amounts payable after more than one year | 42 | €3,087 | - | -€3,087 | |
| Trade debts | 44 | €1,073 | €957 | -€116 | -10.8% |
| Suppliers | 440/4 | €1,073 | €957 | -€116 | -10.8% |
| Taxes, remuneration and social security | 45 | €25,398 | €8,282 | -€17,116 | -67.4% |
| Taxes | 450/3 | €25,398 | €8,282 | -€17,116 | -67.4% |
| Other amounts payable | 47/48 | €80,955 | €160,528 | +€79,573 | +98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,086 | €3,661 | -€6,425 | -63.7% |
| Other operating charges | 640/8 | €974 | €1,105 | +€131 | +13.4% |
| Gross operating margin | 9900 | €118,555 | €113,054 | -€5,501 | -4.6% |
| Operating profit (loss) | 9901 | €107,495 | €108,288 | +€793 | +0.7% |
| Financial income | 75/76B | €22,904 | €22,382 | -€522 | -2.3% |
| Recurring financial income | 75 | €22,904 | €22,382 | -€522 | -2.3% |
| Financial charges | 65/66B | €807 | €35,587 | +€34,780 | +4,310% |
| Recurring financial charges | 65 | €807 | €35,587 | +€34,780 | +4,310% |
| Profit (loss) for the period before taxes | 9903 | €129,592 | €95,083 | -€34,509 | -26.6% |
| Income taxes | 67/77 | €34,593 | €27,490 | -€7,103 | -20.5% |
| Profit (loss) for the period | 9904 | €94,999 | €67,593 | -€27,406 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €94,999 | €67,593 | -€27,406 | -28.8% |
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 14 October 2026 via checked.be.