STEFMIR SPRL: what changed
STEFMIR SPRL
Largest movements
- Receivables within one year -€43,219
down €43,219 (-88.1%), from €49,079 to €5,860
of which Trade receivables: -€47,977
- Cash -€17,276
down €17,276 (-50.8%), from €34,032 to €16,756
mainly Net result for the year (-€40,205) and Tax, wage and social debts (-€12,741)
- Stocks and contracts +€9,015
new in 2025: €9,015
- Tangible fixed assets -€5,913
down €5,913 (-65.1%), from €9,087 to €3,175
- Reserves -€31,801
down €31,801 (-60.9%), from €52,214 to €20,413
- Tax, wage and social debts -€12,741
no longer reported in 2025 (was €12,741)
- Trade debts +€9,016
up €9,016 (+4,933%), from €183 to €9,199
- Profit (loss) carried forward -€8,404
no longer reported in 2025 (was €8,404)
- Current portion of long-term debt -€7,179
no longer reported in 2025 (was €7,179)
- Gross operating margin -€65,245
down €65,245, from €31,428 to -€33,816
- Depreciation -€11,185
down €11,185 (-65.4%), from €17,097 to €5,913
- Taxes -€5,889
down €5,889 (-97.6%), from €6,033 to €144
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,878 | €36,532 | -€57,346 | -61.1% |
| Fixed assets | 21/28 | €9,087 | €3,175 | -€5,913 | -65.1% |
| Tangible fixed assets | 22/27 | €9,087 | €3,175 | -€5,913 | -65.1% |
| Furniture and vehicles | 24 | €9,087 | €3,175 | -€5,913 | -65.1% |
| Current assets | 29/58 | €84,790 | €33,358 | -€51,433 | -60.7% |
| Stocks and contracts in progress | 3 | - | €9,015 | +€9,015 | |
| Stocks | 30/36 | - | €9,015 | +€9,015 | |
| Amounts receivable within one year | 40/41 | €49,079 | €5,860 | -€43,219 | -88.1% |
| Trade receivables | 40 | €47,977 | - | -€47,977 | |
| Other amounts receivable | 41 | €1,102 | €5,860 | +€4,758 | +432% |
| Cash at bank and in hand | 54/58 | €34,032 | €16,756 | -€17,276 | -50.8% |
| Deferred charges and accrued income | 490/1 | €1,679 | €1,726 | +€47 | +2.8% |
| Total equity and liabilities | 10/49 | €93,878 | €36,532 | -€57,346 | -61.1% |
| Equity | 10/15 | €63,619 | €23,413 | -€40,205 | -63.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €52,214 | €20,413 | -€31,801 | -60.9% |
| Distributable reserves | 133 | €52,214 | €20,413 | -€31,801 | -60.9% |
| Profit (loss) carried forward | 14 | €8,404 | - | -€8,404 | |
| Amounts payable | 17/49 | €30,259 | €13,119 | -€17,140 | -56.6% |
| Amounts payable within one year | 42/48 | €30,259 | €13,119 | -€17,140 | -56.6% |
| Current portion of amounts payable after more than one year | 42 | €7,179 | - | -€7,179 | |
| Trade debts | 44 | €183 | €9,199 | +€9,016 | +4,933% |
| Suppliers | 440/4 | €183 | €9,199 | +€9,016 | +4,933% |
| Taxes, remuneration and social security | 45 | €12,741 | - | -€12,741 | |
| Taxes | 450/3 | €12,741 | - | -€12,741 | |
| Other amounts payable | 47/48 | €10,156 | €3,920 | -€6,236 | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,097 | €5,913 | -€11,185 | -65.4% |
| Other operating charges | 640/8 | €74 | €149 | +€74 | +100% |
| Gross operating margin | 9900 | €31,428 | -€33,816 | -€65,245 | |
| Operating profit (loss) | 9901 | €14,257 | -€39,878 | -€54,135 | |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €217 | €214 | -€3 | -1.5% |
| Recurring financial charges | 65 | €217 | €214 | -€3 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €14,040 | -€40,061 | -€54,101 | |
| Income taxes | 67/77 | €6,033 | €144 | -€5,889 | -97.6% |
| Profit (loss) for the period | 9904 | €8,007 | -€40,205 | -€48,212 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,007 | -€40,205 | -€48,212 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.