STOTIM: 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.
STOTIM
Largest movements
- Receivables within one year +€70,565
up €70,565 (+50.7%), from €139,123 to €209,688
of which Other amounts receivable: +€115,035
- Stocks and contracts -€59,527
down €59,527 (-21.9%), from €271,679 to €212,153
- Tangible fixed assets -€29,506
down €29,506 (-40.6%), from €72,601 to €43,094
- Cash -€20,897
down €20,897 (-100.0%), from €20,897 to €0
mainly Receivables within one year (-€70,565) and Short-term financial debts (-€42,275)
- Deferred charges and accrued income -€5,748
down €5,748 (-61.0%), from €9,417 to €3,670
- Short-term financial debts -€42,275
down €42,275 (-53.1%), from €79,667 to €37,392
- Other debts +€25,000
new in 2025: €25,000
- Provisions -€18,000
no longer reported in 2025 (was €18,000)
- Trade debts -€16,699
down €16,699 (-8.6%), from €194,338 to €177,639
- Profit (loss) carried forward +€14,026
up €14,026 (+481.3%), from €2,914 to €16,940
- Gross operating margin -€18,442
down €18,442 (-4.3%), from €425,626 to €407,184
- Staff costs -€18,326
down €18,326 (-5.3%), from €344,340 to €326,015
- Other operating charges -€12,938
down €12,938 (-44.3%), from €29,216 to €16,278
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 | €513,716 | €468,605 | -€45,111 | -8.8% |
| Fixed assets | 21/28 | €72,601 | €43,094 | -€29,506 | -40.6% |
| Tangible fixed assets | 22/27 | €72,601 | €43,094 | -€29,506 | -40.6% |
| Plant, machinery and equipment | 23 | €16,947 | €7,036 | -€9,911 | -58.5% |
| Furniture and vehicles | 24 | €11,755 | €3,745 | -€8,010 | -68.1% |
| Other tangible fixed assets | 26 | €43,899 | €32,313 | -€11,586 | -26.4% |
| Current assets | 29/58 | €441,116 | €425,511 | -€15,605 | -3.5% |
| Stocks and contracts in progress | 3 | €271,679 | €212,153 | -€59,527 | -21.9% |
| Stocks | 30/36 | €271,679 | €212,153 | -€59,527 | -21.9% |
| Amounts receivable within one year | 40/41 | €139,123 | €209,688 | +€70,565 | +50.7% |
| Trade receivables | 40 | €94,044 | €49,575 | -€44,470 | -47.3% |
| Other amounts receivable | 41 | €45,079 | €160,114 | +€115,035 | +255.2% |
| Cash at bank and in hand | 54/58 | €20,897 | €0 | -€20,897 | -100.0% |
| Deferred charges and accrued income | 490/1 | €9,417 | €3,670 | -€5,748 | -61.0% |
| Total equity and liabilities | 10/49 | €513,716 | €468,605 | -€45,111 | -8.8% |
| Equity | 10/15 | €142,098 | €156,124 | +€14,026 | +9.9% |
| Contributions | 10/11 | €99,184 | €99,184 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,914 | €16,940 | +€14,026 | +481.3% |
| Provisions and deferred taxes | 16 | €18,000 | - | -€18,000 | |
| Provisions for liabilities and charges | 160/5 | €18,000 | - | -€18,000 | |
| Environmental obligations | 163 | €18,000 | - | -€18,000 | |
| Amounts payable | 17/49 | €353,618 | €312,481 | -€41,137 | -11.6% |
| Amounts payable after more than one year | 17 | €7,813 | - | -€7,813 | |
| Financial debts | 170/4 | €7,813 | - | -€7,813 | |
| Amounts payable within one year | 42/48 | €345,805 | €312,481 | -€33,325 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €44,111 | €33,073 | -€11,038 | -25.0% |
| Financial debts | 43 | €79,667 | €37,392 | -€42,275 | -53.1% |
| Credit institutions | 430/8 | €79,667 | €37,392 | -€42,275 | -53.1% |
| Trade debts | 44 | €194,338 | €177,639 | -€16,699 | -8.6% |
| Suppliers | 440/4 | €194,338 | €177,639 | -€16,699 | -8.6% |
| Taxes, remuneration and social security | 45 | €27,689 | €39,377 | +€11,688 | +42.2% |
| Taxes | 450/3 | €6,905 | €19,657 | +€12,751 | +184.7% |
| Remuneration and social security | 454/9 | €20,784 | €19,720 | -€1,064 | -5.1% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Remuneration, social security and pensions | 62 | €344,340 | €326,015 | -€18,326 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,821 | €29,506 | -€3,314 | -10.1% |
| Other operating charges | 640/8 | €29,216 | €16,278 | -€12,938 | -44.3% |
| Non-recurring operating charges | 66A | €13,154 | €63 | -€13,090 | -99.5% |
| Gross operating margin | 9900 | €425,626 | €407,184 | -€18,442 | -4.3% |
| Operating profit (loss) | 9901 | €6,096 | €35,322 | +€29,227 | +479.5% |
| Financial income | 75/76B | €414 | €77 | -€337 | -81.3% |
| Recurring financial income | 75 | €414 | €77 | -€337 | -81.3% |
| Financial charges | 65/66B | €25,501 | €21,374 | -€4,127 | -16.2% |
| Recurring financial charges | 65 | €25,501 | €21,374 | -€4,127 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,991 | €14,026 | +€33,017 | |
| Income taxes | 67/77 | €0 | €0 | +€0 | +300.0% |
| Profit (loss) for the period | 9904 | -€18,991 | €14,026 | +€33,017 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,991 | €14,026 | +€33,017 |
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 4 October 2026 via checked.be.