STEMAT BOUW: what changed
What changed
STEMAT BOUW
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€204,689
2024 · €34,261+€170,428
Equity
€809,195
2024 · €709,163+€100,032
Cash
€544,936
2024 · €693,480-€148,544
Balance sheet total
€3.3m
2024 · €3.4m-€61,269
Largest movements
Assets
- Stocks and contracts +€249,699
up €249,699 (+477%), from €52,348 to €302,047
- Receivables within one year -€205,558
down €205,558 (-15.5%), from €1.3m to €1.1m
of which Trade receivables: -€147,317
- Cash -€148,544
down €148,544 (-21.4%), from €693,480 to €544,936
mainly Short-term financial debts (-€264,909) and Stocks and contracts (-€249,699)
- Intangible fixed assets +€62,294
up €62,294 (+615%), from €10,135 to €72,430
- Receivables after one year -€35,635
down €35,635 (-16.3%), from €218,295 to €182,661
Equity and liabilities
- Short-term financial debts -€264,909
down €264,909 (-22.6%), from €1.2m to €909,447
- Tax, wage and social debts +€147,227
up €147,227 (+171%), from €86,057 to €233,284
of which Taxes: +€100,109
- Reserves +€100,032
up €100,032 (+32.1%), from €311,201 to €411,233
of which Distributable reserves: +€101,892
- Debts after one year -€51,707
down €51,707 (-8.8%), from €585,487 to €533,780
- Trade debts -€49,313
down €49,313 (-8.2%), from €603,327 to €554,014
Income statement
- Gross operating margin +€357,858
up €357,858 (+17.4%), from €2.1m to €2.4m
- Staff costs +€94,938
up €94,938 (+5.4%), from €1.8m to €1.9m
- Taxes +€88,106
up €88,106 (+396%), from €22,249 to €110,355
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€34,261
Gross operating margin
+€357,858
Staff costs
-€94,938
Depreciation
-€24,160
Other operating charges
-€4,621
Financial income
+€6,965
Financial charges
+€17,431
Taxes
-€88,106
Result 2025
€204,689
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€481,608
Investment
-€221,622
Financing
-€408,529
Cash 2024
€693,480
From operations (derived)
+€481,608
Net result for the year
+€204,689
Depreciation
+€142,854
Receivables after one year
+€35,635
Stocks and contracts
-€249,699
Receivables within one year
+€205,558
Trade debts
-€49,313
Tax, wage and social debts
+€147,227
Other debts
+€44,657
Investment (derived)
-€221,622
Investment in fixed assets (net)
-€221,622
Financing
-€408,529
Debts after one year
-€51,707
Current portion of long-term debt
+€12,745
Short-term financial debts
-€264,909
Contributions, distributions and other
-€104,657
Cash 2025
€544,936
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,358,393 | €3,297,124 | -€61,269 | -1.8% |
| Fixed assets | 21/28 | €1,070,858 | €1,149,627 | +€78,768 | +7.4% |
| Intangible fixed assets | 21 | €10,135 | €72,430 | +€62,294 | +615% |
| Tangible fixed assets | 22/27 | €1,048,346 | €1,063,754 | +€15,408 | +1.5% |
| Land and buildings | 22 | €722,570 | €683,186 | -€39,384 | -5.5% |
| Plant, machinery and equipment | 23 | €115,032 | €113,447 | -€1,585 | -1.4% |
| Furniture and vehicles | 24 | €69,424 | €67,110 | -€2,314 | -3.3% |
| Leasing and similar rights | 25 | €128,051 | €182,968 | +€54,917 | +42.9% |
| Other tangible fixed assets | 26 | €13,268 | €17,042 | +€3,774 | +28.4% |
| Financial fixed assets | 28 | €12,377 | €13,443 | +€1,066 | +8.6% |
| Current assets | 29/58 | €2,287,535 | €2,147,498 | -€140,037 | -6.1% |
| Amounts receivable after more than one year | 29 | €218,295 | €182,661 | -€35,635 | -16.3% |
| Other amounts receivable | 291 | €218,295 | €182,661 | -€35,635 | -16.3% |
| Stocks and contracts in progress | 3 | €52,348 | €302,047 | +€249,699 | +477% |
| Stocks | 30/36 | €52,348 | €302,047 | +€249,699 | +477% |
| Amounts receivable within one year | 40/41 | €1,323,412 | €1,117,854 | -€205,558 | -15.5% |
| Trade receivables | 40 | €1,160,539 | €1,013,222 | -€147,317 | -12.7% |
| Other amounts receivable | 41 | €162,873 | €104,632 | -€58,241 | -35.8% |
| Cash at bank and in hand | 54/58 | €693,480 | €544,936 | -€148,544 | -21.4% |
| Total equity and liabilities | 10/49 | €3,358,393 | €3,297,124 | -€61,269 | -1.8% |
| Equity | 10/15 | €709,163 | €809,195 | +€100,032 | +14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €311,201 | €411,233 | +€100,032 | +32.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €309,341 | €411,233 | +€101,892 | +32.9% |
| Profit (loss) carried forward | 14 | €379,361 | €379,361 | = | 0.0% |
| Amounts payable | 17/49 | €2,649,230 | €2,487,929 | -€161,301 | -6.1% |
| Amounts payable after more than one year | 17 | €585,487 | €533,780 | -€51,707 | -8.8% |
| Financial debts | 170/4 | €585,487 | €533,780 | -€51,707 | -8.8% |
| Amounts payable within one year | 42/48 | €2,063,743 | €1,954,150 | -€109,593 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €134,602 | €147,347 | +€12,745 | +9.5% |
| Financial debts | 43 | €1,174,357 | €909,447 | -€264,909 | -22.6% |
| Credit institutions | 430/8 | €1,174,357 | €909,447 | -€264,909 | -22.6% |
| Trade debts | 44 | €603,327 | €554,014 | -€49,313 | -8.2% |
| Suppliers | 440/4 | €603,327 | €554,014 | -€49,313 | -8.2% |
| Taxes, remuneration and social security | 45 | €86,057 | €233,284 | +€147,227 | +171% |
| Taxes | 450/3 | €6,469 | €106,578 | +€100,109 | +1,547% |
| Remuneration and social security | 454/9 | €79,588 | €126,706 | +€47,118 | +59.2% |
| Other amounts payable | 47/48 | €65,400 | €110,057 | +€44,657 | +68.3% |
| Non-recurring operating income | 76A | €119,105 | €0 | -€119,105 | -100% |
| Remuneration, social security and pensions | 62 | €1,762,123 | €1,857,061 | +€94,938 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,694 | €142,854 | +€24,160 | +20.4% |
| Other operating charges | 640/8 | €34,276 | €38,897 | +€4,621 | +13.5% |
| Gross operating margin | 9900 | €2,060,347 | €2,418,205 | +€357,858 | +17.4% |
| Operating profit (loss) | 9901 | €145,254 | €379,393 | +€234,139 | +161% |
| Financial income | 75/76B | €25,422 | €32,387 | +€6,965 | +27.4% |
| Recurring financial income | 75 | €25,422 | €32,387 | +€6,965 | +27.4% |
| Financial charges | 65/66B | €114,166 | €96,736 | -€17,431 | -15.3% |
| Recurring financial charges | 65 | €114,166 | €96,736 | -€17,431 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €56,510 | €315,044 | +€258,534 | +458% |
| Income taxes | 67/77 | €22,249 | €110,355 | +€88,106 | +396% |
| Profit (loss) for the period | 9904 | €34,261 | €204,689 | +€170,428 | +497% |
| Profit (loss) for the period to be appropriated | 9905 | €34,261 | €204,689 | +€170,428 | +497% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.