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STANIMAT: 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.

What changed

STANIMAT

BE 0458.624.512
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€144,735
2024 · -€11,769+€156,503
Equity
€283,107
2024 · €138,372+€144,735
Cash
€17,671
2024 · €54,122-€36,451
Balance sheet total
€298,032
2024 · €158,581+€139,451

Largest movements

2024 to 2025
Assets
  • Current investments +€250,000

    new in 2025: €250,000

  • Tangible fixed assets -€73,617

    down €73,617 (-71.0%), from €103,617 to €30,000

    of which Land and buildings: -€73,617

  • Cash -€36,451

    down €36,451 (-67.3%), from €54,122 to €17,671

    mainly Current investments (-€250,000) and Trade debts (-€5,026)

Equity and liabilities
  • Reserves +€78,611

    up €78,611 (+158.6%), from €49,562 to €128,173

    of which Distributable reserves: +€78,611

  • Profit (loss) carried forward +€66,124

    no longer reported in 2025 (was -€66,124)

  • Trade debts -€5,026

    down €5,026 (-96.7%), from €5,197 to €171

Income statement
  • Gross operating margin +€191,377

    up €191,377, from -€8,565 to €182,812

  • Taxes +€38,056

    new in 2025: €38,056

  • Depreciation -€3,005

    no longer reported in 2025 (was €3,005)

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€11,769
Gross operating margin +€191,377
Depreciation +€3,005
Other operating charges -€14
Financial income +€211
Financial charges -€20
Taxes -€38,056
Result 2025 €144,735

Cash bridge derived

cash 2024 to 2025

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.

From operations +€139,932
Investment -€176,383
Financing €0
Cash 2024 €54,122
Net result for the year +€144,735
Smaller working-capital items +€224
Trade debts -€5,026
Investment in fixed assets (net) +€73,617
Current investments -€250,000
Cash 2025 €17,671
Every line side by side 40 lines
Line Code 2024 2025 Change %
Total assets 20/58 €158,581 €298,032 +€139,451 +87.9%
Fixed assets 21/28 €103,617 €30,000 -€73,617 -71.0%
Tangible fixed assets 22/27 €103,617 €30,000 -€73,617 -71.0%
Land and buildings 22 €73,617 - -€73,617
Other tangible fixed assets 26 €30,000 €30,000 = 0.0%
Current assets 29/58 €54,964 €268,032 +€213,068 +387.7%
Amounts receivable within one year 40/41 €101 €109 +€8 +7.7%
Other amounts receivable 41 €101 €109 +€8 +7.7%
Current investments 50/53 - €250,000 +€250,000
Cash at bank and in hand 54/58 €54,122 €17,671 -€36,451 -67.3%
Deferred charges and accrued income 490/1 €740 €251 -€489 -66.0%
Total equity and liabilities 10/49 €158,581 €298,032 +€139,451 +87.9%
Equity 10/15 €138,372 €283,107 +€144,735 +104.6%
Contributions 10/11 €154,933 €154,933 = 0.0%
Capital 10 €154,933 €154,933 = 0.0%
Issued capital 100 €154,933 €154,933 = 0.0%
Reserves 13 €49,562 €128,173 +€78,611 +158.6%
Non-distributable reserves 130/1 €15,493 €15,493 = 0.0%
Legal reserve 130 €15,493 €15,493 = 0.0%
Distributable reserves 133 €34,069 €112,680 +€78,611 +230.7%
Profit (loss) carried forward 14 -€66,124 - +€66,124
Amounts payable 17/49 €20,209 €14,925 -€5,283 -26.1%
Amounts payable within one year 42/48 €19,171 €14,322 -€4,848 -25.3%
Trade debts 44 €5,197 €171 -€5,026 -96.7%
Suppliers 440/4 €5,197 €171 -€5,026 -96.7%
Other amounts payable 47/48 €13,974 €14,151 +€178 +1.3%
Accrued charges and deferred income 492/3 €1,038 €603 -€435 -41.9%
Non-recurring operating income 76A - €186,383 +€186,383
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €3,005 - -€3,005
Other operating charges 640/8 €513 €528 +€14 +2.8%
Gross operating margin 9900 -€8,565 €182,812 +€191,377
Operating profit (loss) 9901 -€12,083 €182,284 +€194,367
Financial income 75/76B €338 €549 +€211 +62.5%
Recurring financial income 75 €338 €549 +€211 +62.5%
Financial charges 65/66B €24 €44 +€20 +81.4%
Recurring financial charges 65 €24 €44 +€20 +81.4%
Profit (loss) for the period before taxes 9903 -€11,769 €182,790 +€194,559
Income taxes 67/77 - €38,056 +€38,056
Profit (loss) for the period 9904 -€11,769 €144,735 +€156,503
Profit (loss) for the period to be appropriated 9905 -€11,769 €144,735 +€156,503

Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.