Stemital: what changed
Two financial 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.
Stemital
Largest movements
- Cash +€15,207
up €15,207 (+46.9%), from €32,394 to €47,601
mainly Depreciation (+€14,586) and Net result for the year (+€12,602)
- Stocks and contracts -€8,272
down €8,272 (-31.1%), from €26,582 to €18,310
- Receivables within one year -€3,833
down €3,833 (-17.2%), from €22,228 to €18,395
of which Other amounts receivable: -€3,090
- Profit (loss) carried forward +€10,440
no longer reported in 2025 (was -€10,440)
- Other debts -€7,826
down €7,826 (-17.7%), from €44,330 to €36,505
- Trade debts -€2,830
down €2,830 (-34.6%), from €8,175 to €5,345
- Reserves +€2,162
up €2,162 (+2.6%), from €81,857 to €84,019
- Tax, wage and social debts +€1,618
up €1,618 (+441%), from €367 to €1,985
- Gross operating margin +€28,540
up €28,540 (+1,716%), from €1,663 to €30,203
- Depreciation +€3,674
up €3,674 (+33.7%), from €10,912 to €14,586
- Taxes +€1,393
new in 2025: €1,393
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.
Derived cash bridge
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 | €127,288 | €130,853 | +€3,564 | +2.8% |
| Fixed assets | 21/28 | €45,851 | €46,313 | +€462 | +1.0% |
| Intangible fixed assets | 21 | €399 | €199 | -€200 | -50.1% |
| Tangible fixed assets | 22/27 | €45,452 | €46,114 | +€662 | +1.5% |
| Land and buildings | 22 | €12,328 | €10,723 | -€1,605 | -13.0% |
| Plant, machinery and equipment | 23 | €27,551 | €25,906 | -€1,645 | -6.0% |
| Furniture and vehicles | 24 | €5,573 | €9,485 | +€3,912 | +70.2% |
| Current assets | 29/58 | €81,437 | €84,540 | +€3,102 | +3.8% |
| Stocks and contracts in progress | 3 | €26,582 | €18,310 | -€8,272 | -31.1% |
| Stocks | 30/36 | €26,582 | €18,310 | -€8,272 | -31.1% |
| Amounts receivable within one year | 40/41 | €22,228 | €18,395 | -€3,833 | -17.2% |
| Trade receivables | 40 | €15,570 | €14,827 | -€743 | -4.8% |
| Other amounts receivable | 41 | €6,658 | €3,568 | -€3,090 | -46.4% |
| Cash at bank and in hand | 54/58 | €32,394 | €47,601 | +€15,207 | +46.9% |
| Deferred charges and accrued income | 490/1 | €233 | €233 | +€1 | +0.2% |
| Total equity and liabilities | 10/49 | €127,288 | €130,853 | +€3,564 | +2.8% |
| Equity | 10/15 | €74,416 | €87,019 | +€12,602 | +16.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €81,857 | €84,019 | +€2,162 | +2.6% |
| Distributable reserves | 133 | €81,857 | €84,019 | +€2,162 | +2.6% |
| Profit (loss) carried forward | 14 | -€10,440 | - | +€10,440 | |
| Amounts payable | 17/49 | €52,872 | €43,834 | -€9,038 | -17.1% |
| Amounts payable within one year | 42/48 | €52,872 | €43,834 | -€9,038 | -17.1% |
| Trade debts | 44 | €8,175 | €5,345 | -€2,830 | -34.6% |
| Suppliers | 440/4 | €8,175 | €5,345 | -€2,830 | -34.6% |
| Taxes, remuneration and social security | 45 | €367 | €1,985 | +€1,618 | +441% |
| Taxes | 450/3 | €367 | €1,985 | +€1,618 | +441% |
| Other amounts payable | 47/48 | €44,330 | €36,505 | -€7,826 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,912 | €14,586 | +€3,674 | +33.7% |
| Other operating charges | 640/8 | €775 | €858 | +€84 | +10.8% |
| Gross operating margin | 9900 | €1,663 | €30,203 | +€28,540 | +1,716% |
| Operating profit (loss) | 9901 | -€10,023 | €14,759 | +€24,782 | |
| Financial income | 75/76B | €92 | €15 | -€77 | -83.7% |
| Recurring financial income | 75 | €92 | €15 | -€77 | -83.7% |
| Financial charges | 65/66B | €510 | €779 | +€269 | +52.8% |
| Recurring financial charges | 65 | €510 | €779 | +€269 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,440 | €13,995 | +€24,436 | |
| Income taxes | 67/77 | - | €1,393 | +€1,393 | |
| Profit (loss) for the period | 9904 | -€10,440 | €12,602 | +€23,043 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,440 | €12,602 | +€23,043 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.