STENAMO: 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.
STENAMO
Largest movements
- Tangible fixed assets +€73,925
up €73,925 (+96.3%), from €76,804 to €150,729
of which Furniture and vehicles: +€79,762
- Receivables after one year -€43,700
down €43,700 (-56.0%), from €78,000 to €34,300
- Receivables within one year +€38,789
up €38,789 (+30.5%), from €127,026 to €165,815
of which Other amounts receivable: +€32,289
- Cash +€9,026
up €9,026 (+5.9%), from €153,156 to €162,181
mainly Net result for the year (+€84,398) and Receivables after one year (+€43,700)
- Reserves +€40,898
up €40,898 (+13.4%), from €306,119 to €347,017
of which Distributable reserves: +€40,898
- Debts after one year +€25,341
up €25,341 (+86.8%), from €29,182 to €54,523
- Current portion of long-term debt +€15,490
up €15,490 (+134.0%), from €11,560 to €27,050
- Tax, wage and social debts +€9,680
up €9,680 (+118.1%), from €8,194 to €17,875
of which Remuneration and social security: +€5,250
- Short-term financial debts -€8,458
down €8,458 (-100.0%), from €8,458 to €0
- Other operating charges -€10,306
down €10,306 (-86.1%), from €11,965 to €1,659
- Depreciation +€5,340
up €5,340 (+33.1%), from €16,150 to €21,490
- Financial income +€3,153
up €3,153 (+68.5%), from €4,604 to €7,757
- Taxes +€2,573
up €2,573 (+7.6%), from €33,716 to €36,288
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 | €439,020 | €520,862 | +€81,842 | +18.6% |
| Fixed assets | 21/28 | €78,574 | €152,499 | +€73,925 | +94.1% |
| Tangible fixed assets | 22/27 | €76,804 | €150,729 | +€73,925 | +96.3% |
| Land and buildings | 22 | €62,320 | €60,940 | -€1,380 | -2.2% |
| Plant, machinery and equipment | 23 | €7,848 | €4,196 | -€3,652 | -46.5% |
| Furniture and vehicles | 24 | €5,688 | €85,450 | +€79,762 | +1402.4% |
| Other tangible fixed assets | 26 | €949 | €143 | -€805 | -84.9% |
| Financial fixed assets | 28 | €1,770 | €1,770 | = | 0.0% |
| Current assets | 29/58 | €360,446 | €368,363 | +€7,918 | +2.2% |
| Amounts receivable after more than one year | 29 | €78,000 | €34,300 | -€43,700 | -56.0% |
| Other amounts receivable | 291 | €78,000 | €34,300 | -€43,700 | -56.0% |
| Amounts receivable within one year | 40/41 | €127,026 | €165,815 | +€38,789 | +30.5% |
| Trade receivables | 40 | €32,355 | €38,855 | +€6,500 | +20.1% |
| Other amounts receivable | 41 | €94,671 | €126,960 | +€32,289 | +34.1% |
| Cash at bank and in hand | 54/58 | €153,156 | €162,181 | +€9,026 | +5.9% |
| Deferred charges and accrued income | 490/1 | €2,264 | €6,066 | +€3,802 | +167.9% |
| Total equity and liabilities | 10/49 | €439,020 | €520,862 | +€81,842 | +18.6% |
| Equity | 10/15 | €312,319 | €353,217 | +€40,898 | +13.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €306,119 | €347,017 | +€40,898 | +13.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €306,119 | €347,017 | +€40,898 | +13.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €126,701 | €167,645 | +€40,944 | +32.3% |
| Amounts payable after more than one year | 17 | €29,182 | €54,523 | +€25,341 | +86.8% |
| Financial debts | 170/4 | €29,182 | €54,523 | +€25,341 | +86.8% |
| Amounts payable within one year | 42/48 | €97,519 | €113,122 | +€15,603 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €11,560 | €27,050 | +€15,490 | +134.0% |
| Financial debts | 43 | €8,458 | €0 | -€8,458 | -100.0% |
| Credit institutions | 430/8 | €8,458 | €0 | -€8,458 | -100.0% |
| Trade debts | 44 | €23,306 | €26,873 | +€3,567 | +15.3% |
| Suppliers | 440/4 | €23,306 | €26,873 | +€3,567 | +15.3% |
| Taxes, remuneration and social security | 45 | €8,194 | €17,875 | +€9,680 | +118.1% |
| Taxes | 450/3 | €8,194 | €12,624 | +€4,430 | +54.1% |
| Remuneration and social security | 454/9 | - | €5,250 | +€5,250 | |
| Other amounts payable | 47/48 | €46,000 | €41,325 | -€4,675 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,150 | €21,490 | +€5,340 | +33.1% |
| Other operating charges | 640/8 | €11,965 | €1,659 | -€10,306 | -86.1% |
| Gross operating margin | 9900 | €142,786 | €142,761 | -€25 | 0.0% |
| Operating profit (loss) | 9901 | €114,671 | €119,612 | +€4,940 | +4.3% |
| Financial income | 75/76B | €4,604 | €7,757 | +€3,153 | +68.5% |
| Recurring financial income | 75 | €4,604 | €7,757 | +€3,153 | +68.5% |
| Financial charges | 65/66B | €5,555 | €6,682 | +€1,127 | +20.3% |
| Recurring financial charges | 65 | €5,555 | €6,682 | +€1,127 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €113,720 | €120,686 | +€6,967 | +6.1% |
| Income taxes | 67/77 | €33,716 | €36,288 | +€2,573 | +7.6% |
| Profit (loss) for the period | 9904 | €80,004 | €84,398 | +€4,394 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,004 | €84,398 | +€4,394 | +5.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.