STM DESIGN: 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.
STM DESIGN
Largest movements
- Tangible fixed assets -€85,583
down €85,583 (-30.0%), from €285,212 to €199,628
of which Land and buildings: -€87,848
- Receivables within one year +€18,344
up €18,344 (+31.3%), from €58,630 to €76,974
of which Other amounts receivable: +€59,495
- Cash -€16,498
down €16,498 (-54.8%), from €30,111 to €13,612
mainly Other debts (-€160,430) and Trade debts (-€34,297)
- Other debts -€160,430
down €160,430 (-99.9%), from €160,537 to €108
- Profit (loss) carried forward +€70,054
up €70,054 (+163.7%), from €42,790 to €112,845
- Trade debts -€34,297
down €34,297 (-98.4%), from €34,871 to €574
- Contributions +€31,000
up €31,000 (+38.5%), from €80,592 to €111,592
- Tax, wage and social debts +€28,927
up €28,927 (+4647.4%), from €622 to €29,549
of which Taxes: +€29,073
- Gross operating margin +€141,151
up €141,151 (+1039.1%), from €13,583 to €154,735
- Taxes +€29,282
up €29,282 (+10969.1%), from €267 to €29,549
- Staff costs -€9,203
down €9,203 (-62.4%), from €14,753 to €5,550
- Depreciation +€3,965
up €3,965 (+33.7%), from €11,776 to €15,741
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 | €376,337 | €290,328 | -€86,009 | -22.9% |
| Fixed assets | 21/28 | €285,212 | €199,628 | -€85,583 | -30.0% |
| Tangible fixed assets | 22/27 | €285,212 | €199,628 | -€85,583 | -30.0% |
| Land and buildings | 22 | €284,179 | €196,331 | -€87,848 | -30.9% |
| Furniture and vehicles | 24 | €1,033 | €3,297 | +€2,264 | +219.2% |
| Current assets | 29/58 | €91,125 | €90,700 | -€426 | -0.5% |
| Amounts receivable within one year | 40/41 | €58,630 | €76,974 | +€18,344 | +31.3% |
| Trade receivables | 40 | €58,630 | €17,479 | -€41,151 | -70.2% |
| Other amounts receivable | 41 | €0 | €59,495 | +€59,495 | |
| Cash at bank and in hand | 54/58 | €30,111 | €13,612 | -€16,498 | -54.8% |
| Deferred charges and accrued income | 490/1 | €2,385 | €113 | -€2,271 | -95.3% |
| Total equity and liabilities | 10/49 | €376,337 | €290,328 | -€86,009 | -22.9% |
| Equity | 10/15 | €178,008 | €252,688 | +€74,681 | +42.0% |
| Contributions | 10/11 | €80,592 | €111,592 | +€31,000 | +38.5% |
| Revaluation surpluses | 12 | €50,162 | €22,595 | -€27,567 | -55.0% |
| Reserves | 13 | €4,463 | €5,657 | +€1,194 | +26.7% |
| Tax-exempt reserves | 132 | €4,463 | €2,557 | -€1,906 | -42.7% |
| Distributable reserves | 133 | - | €3,100 | +€3,100 | |
| Profit (loss) carried forward | 14 | €42,790 | €112,845 | +€70,054 | +163.7% |
| Provisions and deferred taxes | 16 | €2,298 | €1,316 | -€982 | -42.7% |
| Deferred taxes | 168 | €2,298 | €1,316 | -€982 | -42.7% |
| Amounts payable | 17/49 | €196,031 | €36,323 | -€159,708 | -81.5% |
| Amounts payable within one year | 42/48 | €196,031 | €30,231 | -€165,800 | -84.6% |
| Trade debts | 44 | €34,871 | €574 | -€34,297 | -98.4% |
| Suppliers | 440/4 | €34,871 | €574 | -€34,297 | -98.4% |
| Taxes, remuneration and social security | 45 | €622 | €29,549 | +€28,927 | +4647.4% |
| Taxes | 450/3 | €476 | €29,549 | +€29,073 | +6113.6% |
| Remuneration and social security | 454/9 | €147 | €0 | -€147 | -100.0% |
| Other amounts payable | 47/48 | €160,537 | €108 | -€160,430 | -99.9% |
| Accrued charges and deferred income | 492/3 | - | €6,093 | +€6,093 | |
| Non-recurring operating income | 76A | - | €141,600 | +€141,600 | |
| Remuneration, social security and pensions | 62 | €14,753 | €5,550 | -€9,203 | -62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,776 | €15,741 | +€3,965 | +33.7% |
| Other operating charges | 640/8 | €3,133 | €4,205 | +€1,072 | +34.2% |
| Gross operating margin | 9900 | €13,583 | €154,735 | +€141,151 | +1039.1% |
| Operating profit (loss) | 9901 | -€16,078 | €129,239 | +€145,317 | |
| Financial income | 75/76B | €2 | €56 | +€54 | +3192.9% |
| Recurring financial income | 75 | €2 | €56 | +€54 | +3192.9% |
| Financial charges | 65/66B | €116 | €632 | +€516 | +445.3% |
| Recurring financial charges | 65 | €116 | €632 | +€516 | +445.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,193 | €128,663 | +€144,856 | |
| Transfer from deferred taxes | 780 | €982 | €982 | = | 0.0% |
| Income taxes | 67/77 | €267 | €29,549 | +€29,282 | +10969.1% |
| Profit (loss) for the period | 9904 | -€15,478 | €100,096 | +€115,574 | |
| Transfer from tax-exempt reserves | 789 | €1,906 | €1,906 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,571 | €102,002 | +€115,574 |
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.