STEMA: 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.
STEMA
Largest movements
- Receivables within one year -€77,626
down €77,626 (-78.2%), from €99,309 to €21,683
of which Trade receivables: -€77,787
- Cash +€27,806
up €27,806 (+384.0%), from €7,241 to €35,047
mainly Receivables within one year (+€77,626) and Depreciation (+€71)
- Other debts -€19,518
down €19,518 (-58.4%), from €33,401 to €13,883
- Profit (loss) carried forward -€16,298
down €16,298 (-29.9%), from €54,547 to €38,249
- Trade debts -€12,248
down €12,248 (-88.9%), from €13,782 to €1,535
- Tax, wage and social debts -€1,649
down €1,649 (-46.8%), from €3,527 to €1,878
- Purchases and services +€24,962
up €24,962 (+130.2%), from €19,173 to €44,135
- Gross operating margin -€15,629
down €15,629, from €3,067 to -€12,562
- Turnover +€9,059
up €9,059 (+43.4%), from €20,864 to €29,923
- Taxes -€1,526
down €1,526 (-91.5%), from €1,667 to €141
- Financial income -€1,202
no longer reported in 2025 (was €1,202)
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 | €106,957 | €57,244 | -€49,713 | -46.5% |
| Fixed assets | 21/28 | €71 | - | -€71 | |
| Tangible fixed assets | 22/27 | €71 | - | -€71 | |
| Plant, machinery and equipment | 23 | €71 | - | -€71 | |
| Current assets | 29/58 | €106,886 | €57,244 | -€49,642 | -46.4% |
| Amounts receivable within one year | 40/41 | €99,309 | €21,683 | -€77,626 | -78.2% |
| Trade receivables | 40 | €96,481 | €18,694 | -€77,787 | -80.6% |
| Other amounts receivable | 41 | €2,828 | €2,988 | +€160 | +5.7% |
| Cash at bank and in hand | 54/58 | €7,241 | €35,047 | +€27,806 | +384.0% |
| Deferred charges and accrued income | 490/1 | €336 | €514 | +€178 | +53.0% |
| Total equity and liabilities | 10/49 | €106,957 | €57,244 | -€49,713 | -46.5% |
| Equity | 10/15 | €56,247 | €39,949 | -€16,298 | -29.0% |
| Contributions | 10/11 | €1,700 | €1,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,547 | €38,249 | -€16,298 | -29.9% |
| Amounts payable | 17/49 | €50,710 | €17,295 | -€33,415 | -65.9% |
| Amounts payable within one year | 42/48 | €50,710 | €17,295 | -€33,415 | -65.9% |
| Trade debts | 44 | €13,782 | €1,535 | -€12,248 | -88.9% |
| Suppliers | 440/4 | €13,782 | €1,535 | -€12,248 | -88.9% |
| Taxes, remuneration and social security | 45 | €3,527 | €1,878 | -€1,649 | -46.8% |
| Taxes | 450/3 | €3,527 | €1,878 | -€1,649 | -46.8% |
| Other amounts payable | 47/48 | €33,401 | €13,883 | -€19,518 | -58.4% |
| Turnover | 70 | €20,864 | €29,923 | +€9,059 | +43.4% |
| Non-recurring operating income | 76A | €1,376 | €1,650 | +€274 | +19.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €19,173 | €44,135 | +€24,962 | +130.2% |
| Remuneration, social security and pensions | 62 | €492 | - | -€492 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €546 | €71 | -€474 | -86.9% |
| Other operating charges | 640/8 | €1,055 | €1,644 | +€589 | +55.9% |
| Gross operating margin | 9900 | €3,067 | -€12,562 | -€15,629 | |
| Operating profit (loss) | 9901 | €975 | -€14,277 | -€15,252 | |
| Financial income | 75/76B | €1,202 | - | -€1,202 | |
| Recurring financial income | 75 | €1,202 | - | -€1,202 | |
| Financial charges | 65/66B | €693 | €1,880 | +€1,188 | +171.5% |
| Recurring financial charges | 65 | €693 | €1,880 | +€1,188 | +171.5% |
| Profit (loss) for the period before taxes | 9903 | €1,484 | -€16,157 | -€17,641 | |
| Income taxes | 67/77 | €1,667 | €141 | -€1,526 | -91.5% |
| Profit (loss) for the period | 9904 | -€183 | -€16,298 | -€16,115 | -8800.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€183 | -€16,298 | -€16,115 | -8800.8% |
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 7 October 2026 via checked.be.