STAMI: 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.
STAMI
Largest movements
- Receivables within one year +€16,527
up €16,527 (+2287.8%), from €722 to €17,250
of which Trade receivables: +€17,250
- Cash +€14,479
up €14,479 (+70664.3%), from €20 to €14,500
mainly Net result for the year (+€33,394) and Debts after one year (+€23,490)
- Tangible fixed assets +€10,434
up €10,434 (+65.6%), from €15,911 to €26,345
of which Plant, machinery and equipment: +€12,704
- Stocks and contracts +€1,755
new in 2025: €1,755
- Profit (loss) carried forward +€33,394
up €33,394 (+96.7%), from -€34,536 to -€1,142
- Other debts -€26,719
down €26,719 (-91.7%), from €29,126 to €2,407
- Debts after one year +€23,490
new in 2025: €23,490
- Tax, wage and social debts +€6,434
new in 2025: €6,434
- Current portion of long-term debt +€5,597
new in 2025: €5,597
- Gross operating margin +€41,458
up €41,458, from -€3,822 to €37,636
- Depreciation +€859
up €859 (+41.4%), from €2,073 to €2,932
- Financial charges +€421
up €421 (+160.4%), from €263 to €684
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 | €16,654 | €59,850 | +€43,196 | +259.4% |
| Fixed assets | 21/28 | €15,911 | €26,345 | +€10,434 | +65.6% |
| Tangible fixed assets | 22/27 | €15,911 | €26,345 | +€10,434 | +65.6% |
| Land and buildings | 22 | €15,911 | €13,641 | -€2,270 | -14.3% |
| Plant, machinery and equipment | 23 | - | €12,704 | +€12,704 | |
| Current assets | 29/58 | €743 | €33,505 | +€32,762 | +4410.1% |
| Stocks and contracts in progress | 3 | - | €1,755 | +€1,755 | |
| Stocks | 30/36 | - | €1,755 | +€1,755 | |
| Amounts receivable within one year | 40/41 | €722 | €17,250 | +€16,527 | +2287.8% |
| Trade receivables | 40 | - | €17,250 | +€17,250 | |
| Other amounts receivable | 41 | €722 | €0 | -€722 | -100.0% |
| Cash at bank and in hand | 54/58 | €20 | €14,500 | +€14,479 | +70664.3% |
| Total equity and liabilities | 10/49 | €16,654 | €59,850 | +€43,196 | +259.4% |
| Equity | 10/15 | -€28,336 | €5,058 | +€33,394 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,536 | -€1,142 | +€33,394 | +96.7% |
| Amounts payable | 17/49 | €44,990 | €54,792 | +€9,801 | +21.8% |
| Amounts payable after more than one year | 17 | - | €23,490 | +€23,490 | |
| Financial debts | 170/4 | - | €23,490 | +€23,490 | |
| Amounts payable within one year | 42/48 | €44,990 | €31,302 | -€13,689 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | - | €5,597 | +€5,597 | |
| Financial debts | 43 | €174 | €0 | -€174 | -100.0% |
| Credit institutions | 430/8 | €174 | €0 | -€174 | -100.0% |
| Trade debts | 44 | €15,690 | €16,864 | +€1,173 | +7.5% |
| Suppliers | 440/4 | €15,690 | €16,864 | +€1,173 | +7.5% |
| Taxes, remuneration and social security | 45 | - | €6,434 | +€6,434 | |
| Taxes | 450/3 | - | €6,434 | +€6,434 | |
| Other amounts payable | 47/48 | €29,126 | €2,407 | -€26,719 | -91.7% |
| Non-recurring operating income | 76A | - | €3,600 | +€3,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,073 | €2,932 | +€859 | +41.4% |
| Other operating charges | 640/8 | €606 | €626 | +€19 | +3.2% |
| Gross operating margin | 9900 | -€3,822 | €37,636 | +€41,458 | |
| Operating profit (loss) | 9901 | -€6,501 | €34,079 | +€40,580 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €263 | €684 | +€421 | +160.4% |
| Recurring financial charges | 65 | €263 | €684 | +€421 | +160.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,764 | €33,394 | +€40,159 | |
| Profit (loss) for the period | 9904 | -€6,764 | €33,394 | +€40,159 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,764 | €33,394 | +€40,159 |
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 5 October 2026 via checked.be.