STEMAR International: 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.
STEMAR International
Largest movements
- Financial fixed assets -€134,820
down €134,820 (-7.7%), from €1.8m to €1.6m
- Debts after one year -€134,820
down €134,820 (-53.9%), from €250,000 to €115,180
- Gross operating margin +€4,336
up €4,336 (+59.6%), from -€7,272 to -€2,936
- Financial charges +€715
up €715 (+1968.9%), from €36 to €751
- Other operating charges +€180
up €180 (+42.1%), from €427 to €607
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 | €1,754,888 | €1,617,255 | -€137,633 | -7.8% |
| Fixed assets | 21/28 | €1,750,000 | €1,615,180 | -€134,820 | -7.7% |
| Financial fixed assets | 28 | €1,750,000 | €1,615,180 | -€134,820 | -7.7% |
| Current assets | 29/58 | €4,888 | €2,075 | -€2,813 | -57.5% |
| Cash at bank and in hand | 54/58 | €4,888 | €2,075 | -€2,813 | -57.5% |
| Total equity and liabilities | 10/49 | €1,754,888 | €1,617,255 | -€137,633 | -7.8% |
| Equity | 10/15 | €1,492,264 | €1,487,970 | -€4,294 | -0.3% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,736 | -€12,030 | -€4,294 | -55.5% |
| Amounts payable | 17/49 | €262,624 | €129,286 | -€133,338 | -50.8% |
| Amounts payable after more than one year | 17 | €250,000 | €115,180 | -€134,820 | -53.9% |
| Financial debts | 170/4 | €250,000 | €115,180 | -€134,820 | -53.9% |
| Amounts payable within one year | 42/48 | €12,624 | €14,106 | +€1,482 | +11.7% |
| Trade debts | 44 | €3,403 | €106 | -€3,297 | -96.9% |
| Suppliers | 440/4 | €3,403 | €106 | -€3,297 | -96.9% |
| Other amounts payable | 47/48 | €9,221 | €14,000 | +€4,779 | +51.8% |
| Other operating charges | 640/8 | €427 | €607 | +€180 | +42.1% |
| Gross operating margin | 9900 | -€7,272 | -€2,936 | +€4,336 | +59.6% |
| Operating profit (loss) | 9901 | -€7,700 | -€3,543 | +€4,156 | +54.0% |
| Financial charges | 65/66B | €36 | €751 | +€715 | +1968.9% |
| Recurring financial charges | 65 | €36 | €751 | +€715 | +1968.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,736 | -€4,294 | +€3,441 | +44.5% |
| Profit (loss) for the period | 9904 | -€7,736 | -€4,294 | +€3,441 | +44.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,736 | -€4,294 | +€3,441 | +44.5% |
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 5 October 2026 via checked.be.