STEMA SOLUTIONS: 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 SOLUTIONS
Largest movements
- Receivables within one year +€16,877
up €16,877 (+578.6%), from €2,917 to €19,793
of which Trade receivables: +€18,841
- Cash +€12,552
up €12,552 (+386.0%), from €3,252 to €15,803
mainly Current portion of long-term debt (+€30,089) and Net result for the year (+€29,256)
- Tangible fixed assets +€12,360
up €12,360 (+9.7%), from €128,034 to €140,394
of which Furniture and vehicles: +€20,149
- Deferred charges and accrued income +€2,629
up €2,629 (+78.2%), from €3,364 to €5,993
- Current portion of long-term debt +€30,089
up €30,089 (+490.3%), from €6,137 to €36,226
- Reserves +€15,333
up €15,333 (+328.6%), from €4,667 to €19,999
of which Distributable reserves: +€15,333
- Profit (loss) carried forward +€13,923
up €13,923, from -€13,923 to €0
- Other debts -€6,298
down €6,298 (-19.6%), from €32,051 to €25,753
- Debts after one year -€6,226
down €6,226 (-6.9%), from €90,297 to €84,071
- Gross operating margin +€49,831
up €49,831 (+1262.2%), from €3,948 to €53,779
- Taxes +€6,648
up €6,648 (+2580.4%), from €258 to €6,906
- Depreciation +€2,230
up €2,230 (+25.1%), from €8,900 to €11,130
- Financial charges +€1,631
up €1,631 (+92.3%), from €1,767 to €3,398
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 | €149,857 | €194,274 | +€44,417 | +29.6% |
| Fixed assets | 21/28 | €128,034 | €140,394 | +€12,360 | +9.7% |
| Tangible fixed assets | 22/27 | €128,034 | €140,394 | +€12,360 | +9.7% |
| Land and buildings | 22 | €128,034 | €120,244 | -€7,789 | -6.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | €20,149 | +€20,149 | |
| Current assets | 29/58 | €21,823 | €53,880 | +€32,057 | +146.9% |
| Stocks and contracts in progress | 3 | €12,291 | €12,291 | = | 0.0% |
| Stocks | 30/36 | €12,291 | €12,291 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,917 | €19,793 | +€16,877 | +578.6% |
| Trade receivables | 40 | €906 | €19,747 | +€18,841 | +2079.1% |
| Other amounts receivable | 41 | €2,011 | €46 | -€1,965 | -97.7% |
| Cash at bank and in hand | 54/58 | €3,252 | €15,803 | +€12,552 | +386.0% |
| Deferred charges and accrued income | 490/1 | €3,364 | €5,993 | +€2,629 | +78.2% |
| Total equity and liabilities | 10/49 | €149,857 | €194,274 | +€44,417 | +29.6% |
| Equity | 10/15 | €3,144 | €32,399 | +€29,256 | +930.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,667 | €19,999 | +€15,333 | +328.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,667 | €19,999 | +€15,333 | +328.6% |
| Profit (loss) carried forward | 14 | -€13,923 | €0 | +€13,923 | |
| Amounts payable | 17/49 | €146,713 | €161,875 | +€15,162 | +10.3% |
| Amounts payable after more than one year | 17 | €90,297 | €84,071 | -€6,226 | -6.9% |
| Financial debts | 170/4 | €90,297 | €84,071 | -€6,226 | -6.9% |
| Amounts payable within one year | 42/48 | €54,778 | €76,834 | +€22,056 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | €6,137 | €36,226 | +€30,089 | +490.3% |
| Trade debts | 44 | €6,851 | €1,554 | -€5,297 | -77.3% |
| Suppliers | 440/4 | €6,851 | €1,554 | -€5,297 | -77.3% |
| Taxes, remuneration and social security | 45 | €9,739 | €13,301 | +€3,562 | +36.6% |
| Taxes | 450/3 | €9,739 | €12,051 | +€2,312 | +23.7% |
| Remuneration and social security | 454/9 | €0 | €1,250 | +€1,250 | |
| Other amounts payable | 47/48 | €32,051 | €25,753 | -€6,298 | -19.6% |
| Accrued charges and deferred income | 492/3 | €1,639 | €970 | -€668 | -40.8% |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,900 | €11,130 | +€2,230 | +25.1% |
| Other operating charges | 640/8 | €3,059 | €3,089 | +€30 | +1.0% |
| Gross operating margin | 9900 | €3,948 | €53,779 | +€49,831 | +1262.2% |
| Operating profit (loss) | 9901 | -€8,012 | €39,560 | +€47,571 | |
| Financial income | 75/76B | €10 | €0 | -€10 | -100.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100.0% |
| Financial charges | 65/66B | €1,767 | €3,398 | +€1,631 | +92.3% |
| Recurring financial charges | 65 | €1,767 | €3,398 | +€1,631 | +92.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,768 | €36,162 | +€45,930 | |
| Income taxes | 67/77 | €258 | €6,906 | +€6,648 | +2580.4% |
| Profit (loss) for the period | 9904 | -€10,026 | €29,256 | +€39,282 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,026 | €29,256 | +€39,282 |
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 8 October 2026 via checked.be.