STEMAMI: 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.
STEMAMI
Largest movements
- Receivables after one year -€66,956
down €66,956 (-60.0%), from €111,514 to €44,558
- Receivables within one year +€39,467
up €39,467 (+965.7%), from €4,087 to €43,554
of which Other amounts receivable: +€29,664
- Cash -€12,717
down €12,717 (-16.8%), from €75,473 to €62,756
mainly Contributions, distributions and other (-€110,386) and Receivables within one year (-€39,467)
- Tangible fixed assets -€9,728
down €9,728 (-31.0%), from €31,342 to €21,615
of which Plant, machinery and equipment: -€5,677
- Profit (loss) carried forward -€41,304
down €41,304 (-46.1%), from €89,673 to €48,369
- Contributions -€36,436
down €36,436 (-48.6%), from €75,000 to €38,564
- Other debts +€28,795
up €28,795 (+39992.5%), from €72 to €28,867
- Trade debts +€12,488
up €12,488 (+47.4%), from €26,351 to €38,840
- Tax, wage and social debts -€8,111
down €8,111 (-13.5%), from €60,014 to €51,902
of which Taxes: -€9,354
- Gross operating margin +€34,110
up €34,110 (+12.1%), from €281,724 to €315,833
- Staff costs -€14,888
down €14,888 (-5.6%), from €265,728 to €250,841
- Taxes +€3,869
up €3,869 (+3235.6%), from €120 to €3,988
- Other operating charges +€3,708
up €3,708 (+162.0%), from €2,289 to €5,996
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €296,923 | €249,042 | -€47,881 | -16.1% |
| Formation expenses | 20 | €1,093 | €874 | -€219 | -20.0% |
| Fixed assets | 21/28 | €31,751 | €22,024 | -€9,728 | -30.6% |
| Tangible fixed assets | 22/27 | €31,342 | €21,615 | -€9,728 | -31.0% |
| Plant, machinery and equipment | 23 | €10,594 | €4,917 | -€5,677 | -53.6% |
| Furniture and vehicles | 24 | €2,412 | €981 | -€1,431 | -59.3% |
| Other tangible fixed assets | 26 | €18,336 | €15,717 | -€2,619 | -14.3% |
| Financial fixed assets | 28 | €409 | €409 | = | 0.0% |
| Current assets | 29/58 | €264,080 | €226,145 | -€37,935 | -14.4% |
| Amounts receivable after more than one year | 29 | €111,514 | €44,558 | -€66,956 | -60.0% |
| Other amounts receivable | 291 | €111,514 | €44,558 | -€66,956 | -60.0% |
| Stocks and contracts in progress | 3 | €73,006 | €75,277 | +€2,271 | +3.1% |
| Stocks | 30/36 | €73,006 | €75,277 | +€2,271 | +3.1% |
| Amounts receivable within one year | 40/41 | €4,087 | €43,554 | +€39,467 | +965.7% |
| Trade receivables | 40 | €248 | €10,051 | +€9,803 | +3953.3% |
| Other amounts receivable | 41 | €3,839 | €33,502 | +€29,664 | +772.7% |
| Cash at bank and in hand | 54/58 | €75,473 | €62,756 | -€12,717 | -16.8% |
| Total equity and liabilities | 10/49 | €296,923 | €249,042 | -€47,881 | -16.1% |
| Equity | 10/15 | €202,559 | €129,433 | -€73,125 | -36.1% |
| Contributions | 10/11 | €75,000 | €38,564 | -€36,436 | -48.6% |
| Capital | 10 | €75,000 | €38,564 | -€36,436 | -48.6% |
| Issued capital | 100 | €75,000 | €38,564 | -€36,436 | -48.6% |
| Reserves | 13 | €37,886 | €42,500 | +€4,614 | +12.2% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €30,386 | €35,000 | +€4,614 | +15.2% |
| Profit (loss) carried forward | 14 | €89,673 | €48,369 | -€41,304 | -46.1% |
| Amounts payable | 17/49 | €94,365 | €119,609 | +€25,244 | +26.8% |
| Amounts payable within one year | 42/48 | €94,365 | €119,609 | +€25,244 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €7,927 | - | -€7,927 | |
| Trade debts | 44 | €26,351 | €38,840 | +€12,488 | +47.4% |
| Suppliers | 440/4 | €26,351 | €38,840 | +€12,488 | +47.4% |
| Taxes, remuneration and social security | 45 | €60,014 | €51,902 | -€8,111 | -13.5% |
| Taxes | 450/3 | €19,987 | €10,634 | -€9,354 | -46.8% |
| Remuneration and social security | 454/9 | €40,026 | €41,269 | +€1,242 | +3.1% |
| Other amounts payable | 47/48 | €72 | €28,867 | +€28,795 | +39992.5% |
| Remuneration, social security and pensions | 62 | €265,728 | €250,841 | -€14,888 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,876 | €9,946 | -€930 | -8.5% |
| Other operating charges | 640/8 | €2,289 | €5,996 | +€3,708 | +162.0% |
| Gross operating margin | 9900 | €281,724 | €315,833 | +€34,110 | +12.1% |
| Operating profit (loss) | 9901 | €2,830 | €49,050 | +€46,219 | +1633.0% |
| Financial income | 75/76B | €30 | €1,489 | +€1,459 | +4870.4% |
| Recurring financial income | 75 | €30 | €1,489 | +€1,459 | +4870.4% |
| Financial charges | 65/66B | €11,359 | €9,290 | -€2,068 | -18.2% |
| Recurring financial charges | 65 | €11,359 | €9,290 | -€2,068 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,498 | €41,249 | +€49,747 | |
| Income taxes | 67/77 | €120 | €3,988 | +€3,869 | +3235.6% |
| Profit (loss) for the period | 9904 | -€8,618 | €37,261 | +€45,879 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,618 | €37,261 | +€45,879 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.