STEMATCO: what changed
What changed
STEMATCO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€61,395
2024 · -€64,085+€2,690
Equity
€847,165
2024 · €908,559-€61,395
Cash
€1,764
2024 · €7,590-€5,826
Balance sheet total
€2.8m
2024 · €2.8m-€12,874
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€86,299
up €86,299 (+4.7%), from €1.8m to €1.9m
- Profit (loss) carried forward -€61,395
down €61,395 (-3.6%), from -€1.7m to -€1.8m
- Current portion of long-term debt -€28,902
down €28,902 (-81.0%), from €35,689 to €6,786
Income statement
- Depreciation -€1,542
down €1,542 (-9.0%), from €17,142 to €15,600
- Gross operating margin +€1,194
up €1,194 (+64.9%), from €1,840 to €3,034
- Other operating charges +€468
up €468 (+3.1%), from €15,132 to €15,600
- Financial charges -€367
down €367 (-1.0%), from €38,589 to €38,221
- Financial income +€56
up €56 (+1.1%), from €4,937 to €4,993
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
-€64,085
Gross operating margin
+€1,194
Depreciation
+€1,542
Other operating charges
-€468
Financial income
+€56
Financial charges
+€367
Result 2025
-€61,395
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
+€30,052
Investment
-€190
Financing
-€35,689
Cash 2024
€7,590
From operations (derived)
+€30,052
Net result for the year
-€61,395
Depreciation
+€15,600
Receivables within one year
-€9,352
Deferred charges and accrued income
+€990
Trade debts
-€809
Tax, wage and social debts
-€295
Other debts
+€86,299
Accrued charges and deferred income
-€986
Investment (derived)
-€190
Investment in fixed assets (net)
-€190
Financing
-€35,689
Debts after one year
-€6,786
Current portion of long-term debt
-€28,902
Cash 2025
€1,764
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,782,521 | €2,769,647 | -€12,874 | -0.5% |
| Fixed assets | 21/28 | €2,657,879 | €2,642,468 | -€15,410 | -0.6% |
| Tangible fixed assets | 22/27 | €2,657,879 | €2,642,468 | -€15,410 | -0.6% |
| Land and buildings | 22 | €2,620,868 | €2,620,868 | = | 0.0% |
| Plant, machinery and equipment | 23 | €17,810 | €12,000 | -€5,810 | -32.6% |
| Furniture and vehicles | 24 | €19,200 | €9,600 | -€9,600 | -50.0% |
| Current assets | 29/58 | €124,642 | €127,179 | +€2,536 | +2.0% |
| Amounts receivable within one year | 40/41 | €115,714 | €125,066 | +€9,352 | +8.1% |
| Other amounts receivable | 41 | €115,714 | €125,066 | +€9,352 | +8.1% |
| Cash at bank and in hand | 54/58 | €7,590 | €1,764 | -€5,826 | -76.8% |
| Deferred charges and accrued income | 490/1 | €1,338 | €348 | -€990 | -74.0% |
| Total equity and liabilities | 10/49 | €2,782,521 | €2,769,647 | -€12,874 | -0.5% |
| Equity | 10/15 | €908,559 | €847,165 | -€61,395 | -6.8% |
| Contributions | 10/11 | €2,625,000 | €2,625,000 | = | 0.0% |
| Capital | 10 | €2,625,000 | €2,625,000 | = | 0.0% |
| Issued capital | 100 | €2,625,000 | €2,625,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,716,441 | -€1,777,835 | -€61,395 | -3.6% |
| Amounts payable | 17/49 | €1,873,962 | €1,922,482 | +€48,521 | +2.6% |
| Amounts payable after more than one year | 17 | €6,786 | €0 | -€6,786 | -100% |
| Financial debts | 170/4 | €6,786 | €0 | -€6,786 | -100% |
| Amounts payable within one year | 42/48 | €1,866,190 | €1,922,482 | +€56,292 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €35,689 | €6,786 | -€28,902 | -81.0% |
| Financial debts | 43 | €26 | €26 | = | 0.0% |
| Credit institutions | 430/8 | €26 | €26 | = | 0.0% |
| Trade debts | 44 | €10,572 | €9,763 | -€809 | -7.7% |
| Suppliers | 440/4 | €10,572 | €9,763 | -€809 | -7.7% |
| Taxes, remuneration and social security | 45 | €604 | €310 | -€295 | -48.8% |
| Taxes | 450/3 | €604 | €310 | -€295 | -48.8% |
| Other amounts payable | 47/48 | €1,819,299 | €1,905,598 | +€86,299 | +4.7% |
| Accrued charges and deferred income | 492/3 | €986 | €0 | -€986 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,142 | €15,600 | -€1,542 | -9.0% |
| Other operating charges | 640/8 | €15,132 | €15,600 | +€468 | +3.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,840 | €3,034 | +€1,194 | +64.9% |
| Operating profit (loss) | 9901 | -€30,433 | -€28,166 | +€2,267 | +7.4% |
| Financial income | 75/76B | €4,937 | €4,993 | +€56 | +1.1% |
| Recurring financial income | 75 | €4,937 | €4,993 | +€56 | +1.1% |
| Financial charges | 65/66B | €38,589 | €38,221 | -€367 | -1.0% |
| Recurring financial charges | 65 | €38,589 | €38,221 | -€367 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€64,085 | -€61,395 | +€2,690 | +4.2% |
| Profit (loss) for the period | 9904 | -€64,085 | -€61,395 | +€2,690 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,085 | -€61,395 | +€2,690 | +4.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.