STEMADIGIT: what changed
Two financial 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.
STEMADIGIT
Largest movements
- Receivables within one year +€7,633
up €7,633 (+6.0%), from €127,473 to €135,106
of which Other amounts receivable: +€5,993
- Cash -€4,673
down €4,673 (-88.2%), from €5,302 to €628
mainly Other debts (-€23,871) and Receivables within one year (-€7,633)
- Stocks and contracts -€3,451
down €3,451 (-13.9%), from €24,855 to €21,404
- Other debts -€23,871
down €23,871 (-31.9%), from €74,778 to €50,907
- Profit (loss) carried forward +€15,218
up €15,218 (+53.2%), from €28,609 to €43,827
- Trade debts +€9,774
up €9,774, from €0 to €9,774
- Tax, wage and social debts -€4,235
down €4,235 (-29.8%), from €14,216 to €9,981
of which Taxes: -€4,261
- Accrued charges and deferred income +€2,178
up €2,178 (+71.6%), from €3,044 to €5,221
- Gross operating margin -€4,611
down €4,611 (-4.8%), from €95,739 to €91,129
- Taxes -€3,193
down €3,193 (-33.4%), from €9,558 to €6,365
- Staff costs +€2,837
up €2,837 (+4.4%), from €65,031 to €67,867
- Other operating charges -€1,578
down €1,578 (-61.5%), from €2,565 to €987
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.
Derived cash bridge
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 | €165,647 | €164,711 | -€936 | -0.6% |
| Fixed assets | 21/28 | €8,018 | €7,573 | -€445 | -5.6% |
| Tangible fixed assets | 22/27 | €518 | €73 | -€445 | -85.9% |
| Plant, machinery and equipment | 23 | €518 | €73 | -€445 | -85.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €157,629 | €157,138 | -€491 | -0.3% |
| Stocks and contracts in progress | 3 | €24,855 | €21,404 | -€3,451 | -13.9% |
| Stocks | 30/36 | €24,855 | €21,404 | -€3,451 | -13.9% |
| Amounts receivable within one year | 40/41 | €127,473 | €135,106 | +€7,633 | +6.0% |
| Trade receivables | 40 | €124,947 | €126,588 | +€1,641 | +1.3% |
| Other amounts receivable | 41 | €2,526 | €8,518 | +€5,993 | +237% |
| Cash at bank and in hand | 54/58 | €5,302 | €628 | -€4,673 | -88.2% |
| Total equity and liabilities | 10/49 | €165,647 | €164,711 | -€936 | -0.6% |
| Equity | 10/15 | €73,609 | €88,827 | +€15,218 | +20.7% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,609 | €43,827 | +€15,218 | +53.2% |
| Amounts payable | 17/49 | €92,038 | €75,884 | -€16,154 | -17.6% |
| Amounts payable within one year | 42/48 | €88,994 | €70,663 | -€18,332 | -20.6% |
| Trade debts | 44 | €0 | €9,774 | +€9,774 | |
| Suppliers | 440/4 | €0 | €9,774 | +€9,774 | |
| Taxes, remuneration and social security | 45 | €14,216 | €9,981 | -€4,235 | -29.8% |
| Taxes | 450/3 | €11,663 | €7,402 | -€4,261 | -36.5% |
| Remuneration and social security | 454/9 | €2,554 | €2,579 | +€26 | +1.0% |
| Other amounts payable | 47/48 | €74,778 | €50,907 | -€23,871 | -31.9% |
| Accrued charges and deferred income | 492/3 | €3,044 | €5,221 | +€2,178 | +71.6% |
| Remuneration, social security and pensions | 62 | €65,031 | €67,867 | +€2,837 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €445 | €445 | = | 0.0% |
| Other operating charges | 640/8 | €2,565 | €987 | -€1,578 | -61.5% |
| Gross operating margin | 9900 | €95,739 | €91,129 | -€4,611 | -4.8% |
| Operating profit (loss) | 9901 | €27,699 | €21,829 | -€5,870 | -21.2% |
| Financial income | 75/76B | €23 | €4 | -€19 | -83.3% |
| Recurring financial income | 75 | €23 | €4 | -€19 | -83.3% |
| Financial charges | 65/66B | €309 | €250 | -€60 | -19.2% |
| Recurring financial charges | 65 | €309 | €250 | -€60 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €27,413 | €21,583 | -€5,829 | -21.3% |
| Income taxes | 67/77 | €9,558 | €6,365 | -€3,193 | -33.4% |
| Profit (loss) for the period | 9904 | €17,854 | €15,218 | -€2,636 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,854 | €15,218 | -€2,636 | -14.8% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.