STANNIMAR: 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.
STANNIMAR
Largest movements
- Current investments -€47,620
down €47,620 (-23.5%), from €202,657 to €155,037
- Tangible fixed assets -€39,634
down €39,634 (-3.8%), from €1.0m to €1.0m
of which Land and buildings: -€34,024
- Profit (loss) carried forward -€38,490
down €38,490 (-29.5%), from -€130,553 to -€169,043
- Debts after one year -€28,301
down €28,301 (-18.4%), from €154,104 to €125,803
- Other debts -€19,312
down €19,312 (-20.9%), from €92,595 to €73,284
- Depreciation -€7,903
down €7,903 (-16.6%), from €47,537 to €39,634
- Gross operating margin +€6,616
up €6,616 (+327.4%), from €2,021 to €8,637
- Financial charges -€4,303
down €4,303 (-43.6%), from €9,866 to €5,563
- Financial income -€1,709
down €1,709 (-31.4%), from €5,446 to €3,737
- Other operating charges +€1,097
up €1,097 (+25.6%), from €4,288 to €5,386
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 | €1,285,973 | €1,200,395 | -€85,579 | -6.7% |
| Fixed assets | 21/28 | €1,040,299 | €1,000,666 | -€39,634 | -3.8% |
| Tangible fixed assets | 22/27 | €1,040,299 | €1,000,666 | -€39,634 | -3.8% |
| Land and buildings | 22 | €1,025,326 | €991,302 | -€34,024 | -3.3% |
| Plant, machinery and equipment | 23 | €8,245 | €3,780 | -€4,465 | -54.2% |
| Furniture and vehicles | 24 | €4,228 | €3,083 | -€1,144 | -27.1% |
| Other tangible fixed assets | 26 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €245,674 | €199,729 | -€45,945 | -18.7% |
| Amounts receivable within one year | 40/41 | €1,760 | €1,858 | +€98 | +5.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,760 | €1,858 | +€98 | +5.6% |
| Current investments | 50/53 | €202,657 | €155,037 | -€47,620 | -23.5% |
| Cash at bank and in hand | 54/58 | €39,936 | €41,815 | +€1,879 | +4.7% |
| Deferred charges and accrued income | 490/1 | €1,322 | €1,020 | -€302 | -22.8% |
| Total equity and liabilities | 10/49 | €1,285,973 | €1,200,395 | -€85,579 | -6.7% |
| Equity | 10/15 | €1,010,793 | €972,303 | -€38,490 | -3.8% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €1,128,952 | €1,128,952 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,750 | €38,750 | = | 0.0% |
| Distributable reserves | 133 | €1,090,202 | €1,090,202 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,553 | -€169,043 | -€38,490 | -29.5% |
| Amounts payable | 17/49 | €275,180 | €228,092 | -€47,089 | -17.1% |
| Amounts payable after more than one year | 17 | €154,104 | €125,803 | -€28,301 | -18.4% |
| Financial debts | 170/4 | €154,104 | €125,803 | -€28,301 | -18.4% |
| Amounts payable within one year | 42/48 | €121,076 | €102,289 | -€18,788 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €27,686 | €28,301 | +€615 | +2.2% |
| Trade debts | 44 | €795 | €704 | -€91 | -11.4% |
| Suppliers | 440/4 | €795 | €704 | -€91 | -11.4% |
| Other amounts payable | 47/48 | €92,595 | €73,284 | -€19,312 | -20.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,537 | €39,634 | -€7,903 | -16.6% |
| Other operating charges | 640/8 | €4,288 | €5,386 | +€1,097 | +25.6% |
| Gross operating margin | 9900 | €2,021 | €8,637 | +€6,616 | +327.4% |
| Operating profit (loss) | 9901 | -€49,804 | -€36,382 | +€13,422 | +26.9% |
| Financial income | 75/76B | €5,446 | €3,737 | -€1,709 | -31.4% |
| Recurring financial income | 75 | €5,446 | €3,737 | -€1,709 | -31.4% |
| Financial charges | 65/66B | €9,866 | €5,563 | -€4,303 | -43.6% |
| Recurring financial charges | 65 | €9,866 | €5,563 | -€4,303 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | -€54,225 | -€38,209 | +€16,015 | +29.5% |
| Income taxes | 67/77 | €299 | €281 | -€19 | -6.3% |
| Profit (loss) for the period | 9904 | -€54,524 | -€38,490 | +€16,034 | +29.4% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,524 | -€38,490 | +€16,034 | +29.4% |
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 8 October 2026 via checked.be.