STEMAR FACILITIES: 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.
What changed
STEMAR FACILITIES
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€607,916
2024 · €480,850+€127,065
Equity
€2.7m
2024 · €2.1m+€607,916
Cash
€410,147
2024 · €404,773+€5,374
Balance sheet total
€14.1m
2024 · €13.8m+€354,719
Largest movements
Assets
- Tangible fixed assets +€342,247
up €342,247 (+2.6%), from €13.4m to €13.7m
of which Land and buildings: +€344,053
Equity and liabilities
- Reserves +€607,916
up €607,916 (+29.9%), from €2.0m to €2.6m
of which Distributable reserves: +€607,916
- Debts after one year -€205,563
down €205,563 (-2.0%), from €10.3m to €10.1m
Income statement
- Gross operating margin +€172,945
up €172,945 (+12.1%), from €1.4m to €1.6m
- Taxes +€40,735
up €40,735 (+25.1%), from €162,506 to €203,241
- Staff costs -€25,253
down €25,253 (-49.0%), from €51,573 to €26,320
- Other operating charges +€16,046
up €16,046 (+52.6%), from €30,497 to €46,543
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.
Result 2024
€480,850
Gross operating margin
+€172,945
Staff costs
+€25,253
Depreciation
-€11,906
Other operating charges
-€16,046
Financial income
-€391
Financial charges
-€2,055
Taxes
-€40,735
Result 2025
€607,916
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.
From operations
+€967,980
Investment
-€825,309
Financing
-€137,298
Cash 2024
€404,773
From operations (derived)
+€967,980
Net result for the year
+€607,916
Depreciation
+€483,062
Deferred charges and accrued income
-€7,098
Smaller working-capital items
+€1,403
Tax, wage and social debts
-€122,790
Accrued charges and deferred income
+€5,488
Investment (derived)
-€825,309
Investment in fixed assets (net)
-€825,309
Financing
-€137,298
Debts after one year
-€205,563
Current portion of long-term debt
+€49,063
Short-term financial debts
+€19,202
Cash 2025
€410,147
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,792,802 | €14,147,520 | +€354,719 | +2.6% |
| Fixed assets | 21/28 | €13,385,624 | €13,727,871 | +€342,247 | +2.6% |
| Tangible fixed assets | 22/27 | €13,385,624 | €13,727,871 | +€342,247 | +2.6% |
| Land and buildings | 22 | €13,381,568 | €13,725,621 | +€344,053 | +2.6% |
| Furniture and vehicles | 24 | €4,056 | €2,250 | -€1,806 | -44.5% |
| Current assets | 29/58 | €407,178 | €419,650 | +€12,472 | +3.1% |
| Cash at bank and in hand | 54/58 | €404,773 | €410,147 | +€5,374 | +1.3% |
| Deferred charges and accrued income | 490/1 | €2,405 | €9,503 | +€7,098 | +295.2% |
| Total equity and liabilities | 10/49 | €13,792,802 | €14,147,520 | +€354,719 | +2.6% |
| Equity | 10/15 | €2,114,786 | €2,722,702 | +€607,916 | +28.7% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €2,034,786 | €2,642,702 | +€607,916 | +29.9% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €2,026,786 | €2,634,702 | +€607,916 | +30.0% |
| Amounts payable | 17/49 | €11,678,015 | €11,424,819 | -€253,197 | -2.2% |
| Amounts payable after more than one year | 17 | €10,280,929 | €10,075,366 | -€205,563 | -2.0% |
| Financial debts | 170/4 | €10,280,929 | €10,075,366 | -€205,563 | -2.0% |
| Amounts payable within one year | 42/48 | €1,265,559 | €1,212,437 | -€53,121 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €973,508 | €1,022,571 | +€49,063 | +5.0% |
| Financial debts | 43 | €100,003 | €119,205 | +€19,202 | +19.2% |
| Credit institutions | 430/8 | €100,003 | €119,205 | +€19,202 | +19.2% |
| Trade debts | 44 | €61,169 | €62,398 | +€1,229 | +2.0% |
| Suppliers | 440/4 | €61,169 | €62,398 | +€1,229 | +2.0% |
| Advances received on contracts in progress | 46 | - | €174 | +€174 | |
| Taxes, remuneration and social security | 45 | €130,878 | €8,088 | -€122,790 | -93.8% |
| Taxes | 450/3 | €124,825 | €5,386 | -€119,439 | -95.7% |
| Remuneration and social security | 454/9 | €6,053 | €2,702 | -€3,351 | -55.4% |
| Accrued charges and deferred income | 492/3 | €131,528 | €137,016 | +€5,488 | +4.2% |
| Remuneration, social security and pensions | 62 | €51,573 | €26,320 | -€25,253 | -49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €471,155 | €483,062 | +€11,906 | +2.5% |
| Other operating charges | 640/8 | €30,497 | €46,543 | +€16,046 | +52.6% |
| Gross operating margin | 9900 | €1,426,700 | €1,599,646 | +€172,945 | +12.1% |
| Operating profit (loss) | 9901 | €873,475 | €1,043,721 | +€170,246 | +19.5% |
| Financial income | 75/76B | €861 | €470 | -€391 | -45.4% |
| Recurring financial income | 75 | €861 | €470 | -€391 | -45.4% |
| Financial charges | 65/66B | €230,980 | €233,035 | +€2,055 | +0.9% |
| Recurring financial charges | 65 | €230,980 | €233,035 | +€2,055 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €643,356 | €811,157 | +€167,801 | +26.1% |
| Income taxes | 67/77 | €162,506 | €203,241 | +€40,735 | +25.1% |
| Profit (loss) for the period | 9904 | €480,850 | €607,916 | +€127,065 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €480,850 | €607,916 | +€127,065 | +26.4% |
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 4 October 2026 via checked.be.