Stemarimmo: 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.
Stemarimmo
Largest movements
- Receivables within one year -€10,266
down €10,266 (-98.1%), from €10,465 to €199
- Cash +€5,802
up €5,802 (+28.7%), from €20,195 to €25,996
mainly Receivables within one year (+€10,266) and Trade debts (+€5,022)
- Tangible fixed assets -€2,127
down €2,127 (-17.6%), from €12,109 to €9,982
of which Plant, machinery and equipment: -€1,075
- Deferred charges and accrued income -€1,030
down €1,030 (-41.8%), from €2,462 to €1,432
- Tax, wage and social debts -€8,805
down €8,805 (-60.2%), from €14,615 to €5,810
of which Remuneration and social security: -€6,060
- Trade debts +€5,022
up €5,022 (+111.7%), from €4,495 to €9,517
- Other debts -€1,794
down €1,794 (-99.0%), from €1,812 to €18
- Short-term financial debts -€1,225
no longer reported in 2025 (was €1,225)
- Reserves -€869
down €869 (-4.8%), from €18,134 to €17,265
- Gross operating margin -€2,242
down €2,242 (-20.0%), from €11,216 to €8,975
- Financial charges -€1,148
down €1,148 (-33.7%), from €3,408 to €2,260
- Depreciation +€802
up €802 (+19.5%), from €4,115 to €4,917
- Other operating charges +€712
up €712 (+176.0%), from €405 to €1,117
- Taxes -€698
down €698 (-31.0%), from €2,248 to €1,551
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 | €45,281 | €37,610 | -€7,671 | -16.9% |
| Fixed assets | 21/28 | €12,159 | €9,982 | -€2,176 | -17.9% |
| Intangible fixed assets | 21 | €50 | - | -€50 | |
| Tangible fixed assets | 22/27 | €12,109 | €9,982 | -€2,127 | -17.6% |
| Plant, machinery and equipment | 23 | €5,034 | €3,959 | -€1,075 | -21.4% |
| Furniture and vehicles | 24 | €7,075 | €6,024 | -€1,051 | -14.9% |
| Current assets | 29/58 | €33,122 | €27,628 | -€5,495 | -16.6% |
| Amounts receivable within one year | 40/41 | €10,465 | €199 | -€10,266 | -98.1% |
| Other amounts receivable | 41 | €10,465 | €199 | -€10,266 | -98.1% |
| Cash at bank and in hand | 54/58 | €20,195 | €25,996 | +€5,802 | +28.7% |
| Deferred charges and accrued income | 490/1 | €2,462 | €1,432 | -€1,030 | -41.8% |
| Total equity and liabilities | 10/49 | €45,281 | €37,610 | -€7,671 | -16.9% |
| Equity | 10/15 | €23,134 | €22,265 | -€869 | -3.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,134 | €17,265 | -€869 | -4.8% |
| Distributable reserves | 133 | €18,134 | €17,265 | -€869 | -4.8% |
| Amounts payable | 17/49 | €22,147 | €15,345 | -€6,802 | -30.7% |
| Amounts payable within one year | 42/48 | €22,147 | €15,345 | -€6,802 | -30.7% |
| Financial debts | 43 | €1,225 | - | -€1,225 | |
| Credit institutions | 430/8 | €1,225 | - | -€1,225 | |
| Trade debts | 44 | €4,495 | €9,517 | +€5,022 | +111.7% |
| Suppliers | 440/4 | €4,495 | €9,517 | +€5,022 | +111.7% |
| Taxes, remuneration and social security | 45 | €14,615 | €5,810 | -€8,805 | -60.2% |
| Taxes | 450/3 | €8,555 | €5,810 | -€2,744 | -32.1% |
| Remuneration and social security | 454/9 | €6,060 | - | -€6,060 | |
| Other amounts payable | 47/48 | €1,812 | €18 | -€1,794 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,115 | €4,917 | +€802 | +19.5% |
| Other operating charges | 640/8 | €405 | €1,117 | +€712 | +176.0% |
| Gross operating margin | 9900 | €11,216 | €8,975 | -€2,242 | -20.0% |
| Operating profit (loss) | 9901 | €6,697 | €2,941 | -€3,756 | -56.1% |
| Financial charges | 65/66B | €3,408 | €2,260 | -€1,148 | -33.7% |
| Recurring financial charges | 65 | €3,408 | €2,260 | -€1,148 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €3,289 | €681 | -€2,607 | -79.3% |
| Income taxes | 67/77 | €2,248 | €1,551 | -€698 | -31.0% |
| Profit (loss) for the period | 9904 | €1,040 | -€869 | -€1,910 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,040 | -€869 | -€1,910 |
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.