STM CONSULTING: 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.
STM CONSULTING
Largest movements
- Financial fixed assets -€903,934
down €903,934 (-75.3%), from €1.2m to €296,066
- Cash +€530,156
up €530,156 (+5,739%), from €9,238 to €539,394
mainly Investment in fixed assets (net) (+€903,934) and Net result for the year (+€78,626)
- Stocks and contracts +€28,000
new in 2025: €28,000
- Tangible fixed assets -€17,678
down €17,678 (-91.5%), from €19,311 to €1,633
- Other debts -€200,481
down €200,481 (-98.4%), from €203,763 to €3,282
- Debts after one year -€169,511
no longer reported in 2025 (was €169,511)
of which Financial debts: -€150,000
- Trade debts +€24,351
up €24,351 (+743%), from €3,275 to €27,626
- Accrued charges and deferred income -€22,227
down €22,227 (-96.5%), from €23,039 to €812
- Financial income +€192,600
up €192,600 (+6,829,778%), from €3 to €192,603
of which Non-recurring financial income: +€185,253
- Gross operating margin -€85,201
down €85,201, from €50,005 to -€35,195
- Other operating charges +€37,253
up €37,253 (+4,430%), from €841 to €38,094
- Financial charges -€23,654
down €23,654 (-99.7%), from €23,719 to €65
- Write-downs +€15,000
new in 2025: €15,000
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 | €1,231,502 | €875,944 | -€355,558 | -28.9% |
| Fixed assets | 21/28 | €1,219,311 | €297,699 | -€921,612 | -75.6% |
| Tangible fixed assets | 22/27 | €19,311 | €1,633 | -€17,678 | -91.5% |
| Furniture and vehicles | 24 | €19,311 | €1,633 | -€17,678 | -91.5% |
| Financial fixed assets | 28 | €1,200,000 | €296,066 | -€903,934 | -75.3% |
| Current assets | 29/58 | €12,191 | €578,245 | +€566,054 | +4,643% |
| Stocks and contracts in progress | 3 | - | €28,000 | +€28,000 | |
| Stocks | 30/36 | - | €28,000 | +€28,000 | |
| Amounts receivable within one year | 40/41 | €2,705 | €4,437 | +€1,732 | +64.0% |
| Other amounts receivable | 41 | €2,705 | €4,437 | +€1,732 | +64.0% |
| Cash at bank and in hand | 54/58 | €9,238 | €539,394 | +€530,156 | +5,739% |
| Deferred charges and accrued income | 490/1 | €248 | €6,415 | +€6,167 | +2,489% |
| Total equity and liabilities | 10/49 | €1,231,502 | €875,944 | -€355,558 | -28.9% |
| Equity | 10/15 | €824,275 | €836,501 | +€12,226 | +1.5% |
| Contributions | 10/11 | €213,000 | €213,000 | = | 0.0% |
| Reserves | 13 | €611,275 | €623,501 | +€12,226 | +2.0% |
| Distributable reserves | 133 | €611,275 | €623,501 | +€12,226 | +2.0% |
| Amounts payable | 17/49 | €407,227 | €39,443 | -€367,784 | -90.3% |
| Amounts payable after more than one year | 17 | €169,511 | - | -€169,511 | |
| Financial debts | 170/4 | €150,000 | - | -€150,000 | |
| Other amounts payable | 178/9 | €19,511 | - | -€19,511 | |
| Amounts payable within one year | 42/48 | €214,677 | €38,631 | -€176,046 | -82.0% |
| Trade debts | 44 | €3,275 | €27,626 | +€24,351 | +743% |
| Suppliers | 440/4 | €3,275 | €27,626 | +€24,351 | +743% |
| Taxes, remuneration and social security | 45 | €7,639 | €7,723 | +€84 | +1.1% |
| Taxes | 450/3 | €7,639 | €7,723 | +€84 | +1.1% |
| Other amounts payable | 47/48 | €203,763 | €3,282 | -€200,481 | -98.4% |
| Accrued charges and deferred income | 492/3 | €23,039 | €812 | -€22,227 | -96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,678 | €17,678 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,000 | +€15,000 | |
| Other operating charges | 640/8 | €841 | €38,094 | +€37,253 | +4,430% |
| Gross operating margin | 9900 | €50,005 | -€35,195 | -€85,201 | |
| Operating profit (loss) | 9901 | €31,487 | -€105,967 | -€137,453 | |
| Financial income | 75/76B | €3 | €192,603 | +€192,600 | +6,829,778% |
| Recurring financial income | 75 | €3 | €7,349 | +€7,346 | +260,509% |
| Non-recurring financial income | 76B | - | €185,253 | +€185,253 | |
| Financial charges | 65/66B | €23,719 | €65 | -€23,654 | -99.7% |
| Recurring financial charges | 65 | €23,719 | €65 | -€23,654 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €7,771 | €86,571 | +€78,800 | +1,014% |
| Income taxes | 67/77 | €2,212 | €7,944 | +€5,733 | +259% |
| Profit (loss) for the period | 9904 | €5,559 | €78,626 | +€73,068 | +1,314% |
| Profit (loss) for the period to be appropriated | 9905 | €5,559 | €78,626 | +€73,068 | +1,314% |
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 19 October 2026 via checked.be.