STEMA CAR: 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 CAR
Largest movements
- Tangible fixed assets -€13,432
down €13,432 (-26.7%), from €50,225 to €36,793
of which Plant, machinery and equipment: -€16,525
- Receivables within one year +€3,762
up €3,762 (+79.7%), from €4,720 to €8,482
of which Trade receivables: +€2,281
- Cash -€1,143
down €1,143 (-24.1%), from €4,741 to €3,598
mainly Net result for the year (-€10,040) and Investment in fixed assets (net) (-€6,033)
- Profit (loss) carried forward -€10,040
down €10,040 (-20.2%), from -€49,674 to -€59,714
- Debts after one year -€2,597
down €2,597 (-19.9%), from €13,060 to €10,463
- Trade debts +€1,561
new in 2025: €1,561
- Purchases and services +€21,380
up €21,380 (+48.0%), from €44,568 to €65,948
- Turnover +€18,752
up €18,752 (+30.1%), from €62,337 to €81,089
- Other operating charges +€3,222
up €3,222 (+203.5%), from €1,583 to €4,805
- Gross operating margin -€2,629
down €2,629 (-14.8%), from €17,770 to €15,141
- Depreciation +€920
up €920 (+5.0%), from €18,545 to €19,465
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 | €59,686 | €48,873 | -€10,813 | -18.1% |
| Fixed assets | 21/28 | €50,225 | €36,793 | -€13,432 | -26.7% |
| Tangible fixed assets | 22/27 | €50,225 | €36,793 | -€13,432 | -26.7% |
| Land and buildings | 22 | €16,833 | €14,813 | -€2,020 | -12.0% |
| Plant, machinery and equipment | 23 | €33,276 | €16,751 | -€16,525 | -49.7% |
| Furniture and vehicles | 24 | - | €5,229 | +€5,229 | |
| Other tangible fixed assets | 26 | €116 | - | -€116 | |
| Current assets | 29/58 | €9,461 | €12,080 | +€2,619 | +27.7% |
| Amounts receivable within one year | 40/41 | €4,720 | €8,482 | +€3,762 | +79.7% |
| Trade receivables | 40 | - | €2,281 | +€2,281 | |
| Other amounts receivable | 41 | €4,720 | €6,201 | +€1,481 | +31.4% |
| Cash at bank and in hand | 54/58 | €4,741 | €3,598 | -€1,143 | -24.1% |
| Total equity and liabilities | 10/49 | €59,686 | €48,873 | -€10,813 | -18.1% |
| Equity | 10/15 | €19,789 | €9,749 | -€10,040 | -50.7% |
| Contributions | 10/11 | €62,001 | €62,001 | = | 0.0% |
| Capital | 10 | €62,001 | €62,001 | = | 0.0% |
| Issued capital | 100 | €62,001 | €62,001 | = | 0.0% |
| Reserves | 13 | €7,462 | €7,462 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,462 | €7,462 | = | 0.0% |
| Legal reserve | 130 | €7,462 | €7,462 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,674 | -€59,714 | -€10,040 | -20.2% |
| Amounts payable | 17/49 | €39,897 | €39,124 | -€773 | -1.9% |
| Amounts payable after more than one year | 17 | €13,060 | €10,463 | -€2,597 | -19.9% |
| Financial debts | 170/4 | €13,060 | €10,463 | -€2,597 | -19.9% |
| Amounts payable within one year | 42/48 | €26,837 | €28,661 | +€1,824 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €2,989 | €2,827 | -€162 | -5.4% |
| Trade debts | 44 | - | €1,561 | +€1,561 | |
| Suppliers | 440/4 | - | €1,561 | +€1,561 | |
| Other amounts payable | 47/48 | €23,848 | €24,273 | +€425 | +1.8% |
| Turnover | 70 | €62,337 | €81,089 | +€18,752 | +30.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €44,568 | €65,948 | +€21,380 | +48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,545 | €19,465 | +€920 | +5.0% |
| Other operating charges | 640/8 | €1,583 | €4,805 | +€3,222 | +203.5% |
| Gross operating margin | 9900 | €17,770 | €15,141 | -€2,629 | -14.8% |
| Operating profit (loss) | 9901 | -€2,358 | -€9,129 | -€6,771 | -287.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,070 | €912 | -€158 | -14.8% |
| Recurring financial charges | 65 | €1,070 | €912 | -€158 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,428 | -€10,040 | -€6,612 | -192.9% |
| Profit (loss) for the period | 9904 | -€3,428 | -€10,040 | -€6,612 | -192.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,428 | -€10,040 | -€6,612 | -192.9% |
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 30 September 2026 via checked.be.