STIM LIEGE: 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.
STIM LIEGE
Largest movements
- Receivables within one year -€365,989
down €365,989 (-74.1%), from €493,750 to €127,761
of which Trade receivables: -€408,370
- Cash +€252,565
up €252,565 (+222%), from €113,866 to €366,431
mainly Receivables within one year (+€365,989) and Debts after one year (+€327,888)
- Intangible fixed assets +€130,762
up €130,762 (+125%), from €104,951 to €235,713
- Tangible fixed assets -€32,885
down €32,885 (-25.6%), from €128,407 to €95,522
- Accrued charges and deferred income -€518,142
down €518,142 (-81.7%), from €634,166 to €116,024
- Debts after one year +€327,888
new in 2025: €327,888
- Tax, wage and social debts +€86,758
up €86,758 (+47.8%), from €181,651 to €268,408
of which Remuneration and social security: +€178,662
- Current portion of long-term debt +€72,112
new in 2025: €72,112
- Profit (loss) carried forward +€23,769
up €23,769 (+68.7%), from €34,623 to €58,393
- Gross operating margin +€1.6m
up €1.6m (+601%), from €258,073 to €1.8m
- Staff costs +€1.5m
up €1.5m (+757%), from €195,415 to €1.7m
- Turnover -€520,000
no longer reported in 2025 (was €520,000)
- Purchases and services -€266,443
no longer reported in 2025 (was €266,443)
- Depreciation +€70,311
up €70,311 (+468%), from €15,031 to €85,342
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 | €903,429 | €889,272 | -€14,157 | -1.6% |
| Fixed assets | 21/28 | €244,358 | €344,359 | +€100,002 | +40.9% |
| Intangible fixed assets | 21 | €104,951 | €235,713 | +€130,762 | +125% |
| Tangible fixed assets | 22/27 | €128,407 | €95,522 | -€32,885 | -25.6% |
| Furniture and vehicles | 24 | €128,407 | €95,522 | -€32,885 | -25.6% |
| Financial fixed assets | 28 | €11,000 | €13,125 | +€2,125 | +19.3% |
| Current assets | 29/58 | €659,072 | €544,912 | -€114,159 | -17.3% |
| Amounts receivable within one year | 40/41 | €493,750 | €127,761 | -€365,989 | -74.1% |
| Trade receivables | 40 | €484,000 | €75,630 | -€408,370 | -84.4% |
| Other amounts receivable | 41 | €9,750 | €52,132 | +€42,382 | +435% |
| Cash at bank and in hand | 54/58 | €113,866 | €366,431 | +€252,565 | +222% |
| Deferred charges and accrued income | 490/1 | €51,456 | €50,720 | -€736 | -1.4% |
| Total equity and liabilities | 10/49 | €903,429 | €889,272 | -€14,157 | -1.6% |
| Equity | 10/15 | €35,123 | €58,893 | +€23,769 | +67.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,623 | €58,393 | +€23,769 | +68.7% |
| Amounts payable | 17/49 | €868,306 | €830,379 | -€37,927 | -4.4% |
| Amounts payable after more than one year | 17 | - | €327,888 | +€327,888 | |
| Financial debts | 170/4 | - | €327,888 | +€327,888 | |
| Amounts payable within one year | 42/48 | €234,140 | €386,467 | +€152,327 | +65.1% |
| Current portion of amounts payable after more than one year | 42 | - | €72,112 | +€72,112 | |
| Trade debts | 44 | €52,404 | €45,801 | -€6,603 | -12.6% |
| Suppliers | 440/4 | €52,404 | €45,801 | -€6,603 | -12.6% |
| Taxes, remuneration and social security | 45 | €181,651 | €268,408 | +€86,758 | +47.8% |
| Taxes | 450/3 | €133,400 | €41,495 | -€91,905 | -68.9% |
| Remuneration and social security | 454/9 | €48,251 | €226,913 | +€178,662 | +370% |
| Other amounts payable | 47/48 | €86 | €146 | +€60 | +70.4% |
| Accrued charges and deferred income | 492/3 | €634,166 | €116,024 | -€518,142 | -81.7% |
| Turnover | 70 | €520,000 | - | -€520,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €266,443 | - | -€266,443 | |
| Remuneration, social security and pensions | 62 | €195,415 | €1,674,481 | +€1.5m | +757% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,031 | €85,342 | +€70,311 | +468% |
| Other operating charges | 640/8 | - | €245 | +€245 | |
| Non-recurring operating charges | 66A | - | €3,388 | +€3,388 | |
| Gross operating margin | 9900 | €258,073 | €1,808,206 | +€1.6m | +601% |
| Operating profit (loss) | 9901 | €47,626 | €44,751 | -€2,875 | -6.0% |
| Financial income | 75/76B | €604 | €128 | -€475 | -78.8% |
| Recurring financial income | 75 | €604 | €128 | -€475 | -78.8% |
| Financial charges | 65/66B | €435 | €2,474 | +€2,039 | +469% |
| Recurring financial charges | 65 | €435 | €2,474 | +€2,039 | +469% |
| Profit (loss) for the period before taxes | 9903 | €47,795 | €42,405 | -€5,390 | -11.3% |
| Income taxes | 67/77 | €13,171 | €18,636 | +€5,464 | +41.5% |
| Profit (loss) for the period | 9904 | €34,623 | €23,769 | -€10,854 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,623 | €23,769 | -€10,854 | -31.3% |
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 27 October 2026 via checked.be.