STAMET: what changed
Two fiscal 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.
STAMET
Largest movements
- Cash -€72,555
down €72,555 (-52.9%), from €137,199 to €64,644
mainly Contributions, distributions and other (-€117,650) and Investment in fixed assets (net) (-€2,395)
- Receivables within one year -€4,000
down €4,000 (-64.6%), from €6,193 to €2,194
of which Trade receivables: -€4,380
- Reserves -€83,336
down €83,336 (-59.5%), from €139,986 to €56,650
- Tax, wage and social debts +€3,383
new in 2025: €3,383
- Other debts +€2,221
up €2,221 (+33.3%), from €6,677 to €8,899
- Gross operating margin +€18,358
up €18,358 (+55.2%), from €33,245 to €51,603
- Taxes +€4,483
up €4,483 (+56.7%), from €7,900 to €12,383
- Depreciation -€560
down €560 (-14.3%), from €3,918 to €3,358
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.
Cash bridge derived
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 | €149,682 | €72,164 | -€77,518 | -51.8% |
| Fixed assets | 21/28 | €6,289 | €5,326 | -€963 | -15.3% |
| Tangible fixed assets | 22/27 | €6,289 | €5,326 | -€963 | -15.3% |
| Plant, machinery and equipment | 23 | €3,648 | €4,141 | +€493 | +13.5% |
| Furniture and vehicles | 24 | €2,641 | €1,185 | -€1,456 | -55.1% |
| Current assets | 29/58 | €143,393 | €66,838 | -€76,555 | -53.4% |
| Amounts receivable within one year | 40/41 | €6,193 | €2,194 | -€4,000 | -64.6% |
| Trade receivables | 40 | €4,380 | - | -€4,380 | |
| Other amounts receivable | 41 | €1,814 | €2,194 | +€380 | +21.0% |
| Cash at bank and in hand | 54/58 | €137,199 | €64,644 | -€72,555 | -52.9% |
| Total equity and liabilities | 10/49 | €149,682 | €72,164 | -€77,518 | -51.8% |
| Equity | 10/15 | €142,986 | €59,650 | -€83,336 | -58.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €139,986 | €56,650 | -€83,336 | -59.5% |
| Distributable reserves | 133 | €139,986 | €56,650 | -€83,336 | -59.5% |
| Amounts payable | 17/49 | €6,695 | €12,513 | +€5,818 | +86.9% |
| Amounts payable within one year | 42/48 | €6,695 | €12,513 | +€5,818 | +86.9% |
| Trade debts | 44 | €18 | €231 | +€213 | +1181.7% |
| Suppliers | 440/4 | €18 | €231 | +€213 | +1181.7% |
| Taxes, remuneration and social security | 45 | - | €3,383 | +€3,383 | |
| Taxes | 450/3 | - | €3,383 | +€3,383 | |
| Other amounts payable | 47/48 | €6,677 | €8,899 | +€2,221 | +33.3% |
| Remuneration, social security and pensions | 62 | - | €260 | +€260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,918 | €3,358 | -€560 | -14.3% |
| Other operating charges | 640/8 | €997 | €1,206 | +€209 | +21.0% |
| Gross operating margin | 9900 | €33,245 | €51,603 | +€18,358 | +55.2% |
| Operating profit (loss) | 9901 | €28,330 | €46,778 | +€18,448 | +65.1% |
| Financial income | 75/76B | €0 | €3 | +€3 | +27300.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +27300.0% |
| Financial charges | 65/66B | €83 | €84 | +€2 | +1.8% |
| Recurring financial charges | 65 | €83 | €84 | +€2 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €28,248 | €46,697 | +€18,450 | +65.3% |
| Income taxes | 67/77 | €7,900 | €12,383 | +€4,483 | +56.7% |
| Profit (loss) for the period | 9904 | €20,347 | €34,314 | +€13,967 | +68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,347 | €34,314 | +€13,967 | +68.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.