STM Energie: what changed
STM Energie
Largest movements
- Tangible fixed assets +€7,954
up €7,954 (+104%), from €7,680 to €15,634
of which Plant, machinery and equipment: +€10,802
- Deferred charges and accrued income +€5,137
new in 2025: €5,137
- Cash +€2,634
up €2,634 (+443%), from €595 to €3,228
mainly Net result for the year (+€8,675) and Tax, wage and social debts (+€4,330)
- Receivables within one year -€2,391
down €2,391 (-61.4%), from €3,891 to €1,500
of which Other amounts receivable: -€2,046
- Reserves +€7,842
up €7,842 (+314%), from €2,500 to €10,342
- Tax, wage and social debts +€4,330
up €4,330 (+211%), from €2,047 to €6,377
- Other debts +€591
up €591 (+17.6%), from €3,365 to €3,955
- Trade debts +€571
up €571 (+29.8%), from €1,913 to €2,484
- Gross operating margin +€13,989
up €13,989 (+319%), from €4,388 to €18,377
- Taxes +€3,189
up €3,189 (+190%), from €1,676 to €4,865
- Depreciation +€2,810
up €2,810 (+205%), from €1,374 to €4,184
- Financial income -€349
down €349 (-99.4%), from €351 to €2
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,165 | €25,499 | +€13,334 | +110% |
| Fixed assets | 21/28 | €7,680 | €15,634 | +€7,954 | +104% |
| Tangible fixed assets | 22/27 | €7,680 | €15,634 | +€7,954 | +104% |
| Plant, machinery and equipment | 23 | - | €10,802 | +€10,802 | |
| Furniture and vehicles | 24 | €7,680 | €4,832 | -€2,848 | -37.1% |
| Current assets | 29/58 | €4,486 | €9,865 | +€5,380 | +120% |
| Amounts receivable within one year | 40/41 | €3,891 | €1,500 | -€2,391 | -61.4% |
| Trade receivables | 40 | €1,845 | €1,500 | -€345 | -18.7% |
| Other amounts receivable | 41 | €2,046 | - | -€2,046 | |
| Cash at bank and in hand | 54/58 | €595 | €3,228 | +€2,634 | +443% |
| Deferred charges and accrued income | 490/1 | - | €5,137 | +€5,137 | |
| Total equity and liabilities | 10/49 | €12,165 | €25,499 | +€13,334 | +110% |
| Equity | 10/15 | €4,840 | €12,683 | +€7,842 | +162% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €10,342 | +€7,842 | +314% |
| Distributable reserves | 133 | €2,500 | €10,342 | +€7,842 | +314% |
| Profit (loss) carried forward | 14 | €340 | €340 | = | 0.0% |
| Amounts payable | 17/49 | €7,325 | €12,816 | +€5,491 | +75.0% |
| Amounts payable within one year | 42/48 | €7,325 | €12,816 | +€5,491 | +75.0% |
| Trade debts | 44 | €1,913 | €2,484 | +€571 | +29.8% |
| Suppliers | 440/4 | €1,913 | €2,484 | +€571 | +29.8% |
| Taxes, remuneration and social security | 45 | €2,047 | €6,377 | +€4,330 | +211% |
| Taxes | 450/3 | €2,047 | €6,377 | +€4,330 | +211% |
| Other amounts payable | 47/48 | €3,365 | €3,955 | +€591 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,374 | €4,184 | +€2,810 | +205% |
| Other operating charges | 640/8 | €494 | €513 | +€19 | +3.9% |
| Gross operating margin | 9900 | €4,388 | €18,377 | +€13,989 | +319% |
| Operating profit (loss) | 9901 | €2,521 | €13,680 | +€11,159 | +443% |
| Financial income | 75/76B | €351 | €2 | -€349 | -99.4% |
| Recurring financial income | 75 | €351 | €2 | -€349 | -99.4% |
| Financial charges | 65/66B | €144 | €142 | -€2 | -1.3% |
| Recurring financial charges | 65 | €144 | €142 | -€2 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €2,728 | €13,540 | +€10,812 | +396% |
| Income taxes | 67/77 | €1,676 | €4,865 | +€3,189 | +190% |
| Profit (loss) for the period | 9904 | €1,052 | €8,675 | +€7,623 | +724% |
| Profit (loss) for the period to be appropriated | 9905 | €1,052 | €8,675 | +€7,623 | +724% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.