STM Electrics: 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 Electrics
Largest movements
- Cash -€15,629
down €15,629 (-92.1%), from €16,969 to €1,340
mainly Contributions, distributions and other (-€66,204) and Investment in fixed assets (net) (-€13,200)
- Tangible fixed assets +€10,264
up €10,264 (+83.3%), from €12,315 to €22,579
of which Other tangible fixed assets: +€6,722
- Receivables within one year +€3,243
up €3,243 (+6.1%), from €53,219 to €56,462
of which Trade receivables: +€19,135
- Deferred charges and accrued income -€2,950
down €2,950 (-65.0%), from €4,537 to €1,587
- Tax, wage and social debts -€6,162
down €6,162 (-40.8%), from €15,107 to €8,945
of which Taxes: -€6,162
- Trade debts +€5,632
up €5,632 (+206%), from €2,730 to €8,361
- Profit (loss) carried forward -€5,454
down €5,454 (-8.2%), from €66,204 to €60,750
- Short-term financial debts +€912
new in 2025: €912
- Gross operating margin +€49,853
up €49,853 (+139%), from €35,800 to €85,652
- Taxes +€10,375
up €10,375 (+129%), from €8,052 to €18,427
- Depreciation +€894
up €894 (+43.8%), from €2,042 to €2,936
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 | €87,041 | €81,968 | -€5,073 | -5.8% |
| Fixed assets | 21/28 | €12,315 | €22,579 | +€10,264 | +83.3% |
| Tangible fixed assets | 22/27 | €12,315 | €22,579 | +€10,264 | +83.3% |
| Furniture and vehicles | 24 | €3,431 | €6,974 | +€3,542 | +103% |
| Other tangible fixed assets | 26 | €8,884 | €15,606 | +€6,722 | +75.7% |
| Current assets | 29/58 | €74,725 | €59,389 | -€15,337 | -20.5% |
| Amounts receivable within one year | 40/41 | €53,219 | €56,462 | +€3,243 | +6.1% |
| Trade receivables | 40 | €19,740 | €38,874 | +€19,135 | +96.9% |
| Other amounts receivable | 41 | €33,479 | €17,587 | -€15,892 | -47.5% |
| Cash at bank and in hand | 54/58 | €16,969 | €1,340 | -€15,629 | -92.1% |
| Deferred charges and accrued income | 490/1 | €4,537 | €1,587 | -€2,950 | -65.0% |
| Total equity and liabilities | 10/49 | €87,041 | €81,968 | -€5,073 | -5.8% |
| Equity | 10/15 | €69,204 | €63,750 | -€5,454 | -7.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,204 | €60,750 | -€5,454 | -8.2% |
| Amounts payable | 17/49 | €17,836 | €18,218 | +€382 | +2.1% |
| Amounts payable within one year | 42/48 | €17,836 | €18,218 | +€382 | +2.1% |
| Financial debts | 43 | - | €912 | +€912 | |
| Credit institutions | 430/8 | - | €912 | +€912 | |
| Trade debts | 44 | €2,730 | €8,361 | +€5,632 | +206% |
| Suppliers | 440/4 | €2,730 | €8,361 | +€5,632 | +206% |
| Taxes, remuneration and social security | 45 | €15,107 | €8,945 | -€6,162 | -40.8% |
| Taxes | 450/3 | €15,107 | €8,945 | -€6,162 | -40.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,042 | €2,936 | +€894 | +43.8% |
| Other operating charges | 640/8 | €1,019 | €677 | -€343 | -33.6% |
| Gross operating margin | 9900 | €35,800 | €85,652 | +€49,853 | +139% |
| Operating profit (loss) | 9901 | €32,738 | €82,039 | +€49,301 | +151% |
| Financial income | 75/76B | €994 | €1,341 | +€347 | +34.9% |
| Recurring financial income | 75 | €994 | €1,341 | +€347 | +34.9% |
| Financial charges | 65/66B | €4,524 | €4,203 | -€321 | -7.1% |
| Recurring financial charges | 65 | €4,524 | €4,203 | -€321 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €29,208 | €79,177 | +€49,969 | +171% |
| Income taxes | 67/77 | €8,052 | €18,427 | +€10,375 | +129% |
| Profit (loss) for the period | 9904 | €21,156 | €60,750 | +€39,594 | +187% |
| Profit (loss) for the period to be appropriated | 9905 | €21,156 | €60,750 | +€39,594 | +187% |
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 31 October 2026 via checked.be.