STM MECANIQUE: 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 MECANIQUE
Largest movements
- Receivables after one year -€44,749
no longer reported in 2025 (was €44,749)
- Receivables within one year +€35,039
up €35,039 (+141%), from €24,865 to €59,904
of which Trade receivables: +€40,164
- Cash +€5,411
up €5,411 (+12.4%), from €43,682 to €49,093
mainly Receivables after one year (+€44,749) and Net result for the year (+€26,282)
- Tangible fixed assets -€3,648
down €3,648 (-38.9%), from €9,378 to €5,730
of which Leasing and similar rights: -€2,224
- Reserves -€30,702
down €30,702 (-40.0%), from €76,710 to €46,007
- Trade debts +€15,931
up €15,931 (+80.7%), from €19,742 to €35,673
- Tax, wage and social debts +€8,765
up €8,765 (+59.5%), from €14,724 to €23,489
- Current portion of long-term debt -€1,726
no longer reported in 2025 (was €1,726)
- Gross operating margin +€14,505
up €14,505 (+45.2%), from €32,083 to €46,588
- Taxes +€6,075
up €6,075 (+101%), from €5,998 to €12,073
- Depreciation -€6,034
down €6,034 (-45.7%), from €13,218 to €7,184
- Other operating charges -€1,932
down €1,932 (-58.3%), from €3,315 to €1,384
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 | €123,151 | €115,209 | -€7,942 | -6.4% |
| Fixed assets | 21/28 | €9,378 | €5,730 | -€3,648 | -38.9% |
| Tangible fixed assets | 22/27 | €9,378 | €5,730 | -€3,648 | -38.9% |
| Plant, machinery and equipment | 23 | €4,606 | €3,073 | -€1,534 | -33.3% |
| Furniture and vehicles | 24 | €2,547 | €2,657 | +€110 | +4.3% |
| Leasing and similar rights | 25 | €2,224 | - | -€2,224 | |
| Current assets | 29/58 | €113,773 | €109,480 | -€4,294 | -3.8% |
| Amounts receivable after more than one year | 29 | €44,749 | - | -€44,749 | |
| Other amounts receivable | 291 | €44,749 | - | -€44,749 | |
| Stocks and contracts in progress | 3 | €178 | €178 | = | 0.0% |
| Stocks | 30/36 | €178 | €178 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,865 | €59,904 | +€35,039 | +141% |
| Trade receivables | 40 | €15,281 | €55,445 | +€40,164 | +263% |
| Other amounts receivable | 41 | €9,583 | €4,459 | -€5,125 | -53.5% |
| Cash at bank and in hand | 54/58 | €43,682 | €49,093 | +€5,411 | +12.4% |
| Deferred charges and accrued income | 490/1 | €299 | €304 | +€5 | +1.6% |
| Total equity and liabilities | 10/49 | €123,151 | €115,209 | -€7,942 | -6.4% |
| Equity | 10/15 | €86,710 | €56,007 | -€30,702 | -35.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €76,710 | €46,007 | -€30,702 | -40.0% |
| Distributable reserves | 133 | €76,710 | €46,007 | -€30,702 | -40.0% |
| Amounts payable | 17/49 | €36,441 | €59,202 | +€22,761 | +62.5% |
| Amounts payable within one year | 42/48 | €36,191 | €59,162 | +€22,971 | +63.5% |
| Current portion of amounts payable after more than one year | 42 | €1,726 | - | -€1,726 | |
| Trade debts | 44 | €19,742 | €35,673 | +€15,931 | +80.7% |
| Suppliers | 440/4 | €19,742 | €35,673 | +€15,931 | +80.7% |
| Taxes, remuneration and social security | 45 | €14,724 | €23,489 | +€8,765 | +59.5% |
| Taxes | 450/3 | €14,724 | €23,489 | +€8,765 | +59.5% |
| Accrued charges and deferred income | 492/3 | €250 | €40 | -€210 | -84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,218 | €7,184 | -€6,034 | -45.7% |
| Other operating charges | 640/8 | €3,315 | €1,384 | -€1,932 | -58.3% |
| Gross operating margin | 9900 | €32,083 | €46,588 | +€14,505 | +45.2% |
| Operating profit (loss) | 9901 | €15,550 | €38,021 | +€22,471 | +145% |
| Financial income | 75/76B | €1,437 | €1,503 | +€66 | +4.6% |
| Recurring financial income | 75 | €1,268 | €1,503 | +€236 | +18.6% |
| Non-recurring financial income | 76B | €169 | - | -€169 | |
| Financial charges | 65/66B | €1,522 | €1,169 | -€353 | -23.2% |
| Recurring financial charges | 65 | €1,522 | €1,169 | -€353 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €15,465 | €38,355 | +€22,891 | +148% |
| Income taxes | 67/77 | €5,998 | €12,073 | +€6,075 | +101% |
| Profit (loss) for the period | 9904 | €9,467 | €26,282 | +€16,815 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €9,467 | €26,282 | +€16,815 | +178% |
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 18 October 2026 via checked.be.