STAMACO: 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.
STAMACO
Largest movements
- Cash +€25,417
up €25,417 (+113%), from €22,505 to €47,922
mainly Net result for the year (+€34,729) and Other debts (+€10,632)
- Receivables within one year +€23,299
new in 2025: €23,299
of which Other amounts receivable: +€11,804
- Reserves +€33,896
up €33,896 (+335%), from €10,118 to €44,013
- Other debts +€10,632
up €10,632 (+832%), from €1,277 to €11,909
- Trade debts +€3,497
up €3,497 (+795%), from €440 to €3,937
- Gross operating margin +€28,208
up €28,208 (+174%), from €16,187 to €44,395
- Taxes +€6,452
up €6,452 (+235%), from €2,744 to €9,196
- Depreciation -€2,402
no longer reported in 2025 (was €2,402)
- Financial charges +€457
up €457 (+3,322%), from €14 to €471
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 | €22,565 | €71,227 | +€48,662 | +216% |
| Current assets | 29/58 | €22,565 | €71,227 | +€48,662 | +216% |
| Amounts receivable within one year | 40/41 | - | €23,299 | +€23,299 | |
| Trade receivables | 40 | - | €11,495 | +€11,495 | |
| Other amounts receivable | 41 | - | €11,804 | +€11,804 | |
| Cash at bank and in hand | 54/58 | €22,505 | €47,922 | +€25,417 | +113% |
| Deferred charges and accrued income | 490/1 | €60 | €6 | -€54 | -90.0% |
| Total equity and liabilities | 10/49 | €22,565 | €71,227 | +€48,662 | +216% |
| Equity | 10/15 | €15,118 | €49,013 | +€33,896 | +224% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,118 | €44,013 | +€33,896 | +335% |
| Distributable reserves | 133 | €10,118 | €44,013 | +€33,896 | +335% |
| Amounts payable | 17/49 | €7,447 | €22,214 | +€14,767 | +198% |
| Amounts payable within one year | 42/48 | €7,447 | €22,214 | +€14,767 | +198% |
| Trade debts | 44 | €440 | €3,937 | +€3,497 | +795% |
| Suppliers | 440/4 | €440 | €3,937 | +€3,497 | +795% |
| Taxes, remuneration and social security | 45 | €5,730 | €6,368 | +€638 | +11.1% |
| Taxes | 450/3 | €5,730 | €3,868 | -€1,862 | -32.5% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €1,277 | €11,909 | +€10,632 | +832% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,402 | - | -€2,402 | |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €16,187 | €44,395 | +€28,208 | +174% |
| Operating profit (loss) | 9901 | €13,735 | €44,395 | +€30,660 | +223% |
| Financial charges | 65/66B | €14 | €471 | +€457 | +3,322% |
| Recurring financial charges | 65 | €14 | €471 | +€457 | +3,322% |
| Profit (loss) for the period before taxes | 9903 | €13,721 | €43,924 | +€30,203 | +220% |
| Income taxes | 67/77 | €2,744 | €9,196 | +€6,452 | +235% |
| Profit (loss) for the period | 9904 | €10,977 | €34,729 | +€23,752 | +216% |
| Profit (loss) for the period to be appropriated | 9905 | €10,977 | €34,729 | +€23,752 | +216% |
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 15 October 2026 via checked.be.