STENIMA: 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.
STENIMA
Largest movements
- Cash +€90,151
up €90,151 (+53.5%), from €168,642 to €258,793
mainly Net result for the year (+€75,528) and Receivables within one year (+€20,336)
- Receivables within one year -€20,336
down €20,336 (-22.1%), from €91,839 to €71,502
of which Trade receivables: -€21,448
- Tangible fixed assets -€13,859
down €13,859 (-5.6%), from €247,199 to €233,339
of which Land and buildings: -€12,016
- Deferred charges and accrued income -€8,060
down €8,060 (-20.8%), from €38,781 to €30,721
- Reserves +€75,500
up €75,500 (+23.1%), from €327,260 to €402,760
- Debts after one year -€16,354
down €16,354 (-15.0%), from €109,393 to €93,039
- Trade debts -€13,478
down €13,478 (-64.5%), from €20,912 to €7,434
- Gross operating margin -€19,570
down €19,570 (-12.6%), from €155,311 to €135,742
- Taxes -€3,739
down €3,739 (-9.3%), from €40,118 to €36,379
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 | €546,461 | €594,356 | +€47,895 | +8.8% |
| Fixed assets | 21/28 | €247,199 | €233,339 | -€13,859 | -5.6% |
| Tangible fixed assets | 22/27 | €247,199 | €233,339 | -€13,859 | -5.6% |
| Land and buildings | 22 | €241,947 | €229,931 | -€12,016 | -5.0% |
| Plant, machinery and equipment | 23 | €3,014 | €1,692 | -€1,322 | -43.9% |
| Furniture and vehicles | 24 | €2,238 | €1,716 | -€522 | -23.3% |
| Current assets | 29/58 | €299,262 | €361,017 | +€61,755 | +20.6% |
| Amounts receivable within one year | 40/41 | €91,839 | €71,502 | -€20,336 | -22.1% |
| Trade receivables | 40 | €91,780 | €70,332 | -€21,448 | -23.4% |
| Other amounts receivable | 41 | €59 | €1,170 | +€1,111 | +1888.4% |
| Cash at bank and in hand | 54/58 | €168,642 | €258,793 | +€90,151 | +53.5% |
| Deferred charges and accrued income | 490/1 | €38,781 | €30,721 | -€8,060 | -20.8% |
| Total equity and liabilities | 10/49 | €546,461 | €594,356 | +€47,895 | +8.8% |
| Equity | 10/15 | €355,528 | €431,056 | +€75,528 | +21.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €327,260 | €402,760 | +€75,500 | +23.1% |
| Distributable reserves | 133 | €327,260 | €402,760 | +€75,500 | +23.1% |
| Profit (loss) carried forward | 14 | €22,068 | €22,096 | +€28 | +0.1% |
| Amounts payable | 17/49 | €190,932 | €163,300 | -€27,632 | -14.5% |
| Amounts payable after more than one year | 17 | €109,393 | €93,039 | -€16,354 | -15.0% |
| Financial debts | 170/4 | €109,393 | €93,039 | -€16,354 | -15.0% |
| Amounts payable within one year | 42/48 | €81,539 | €70,261 | -€11,278 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €16,108 | €16,354 | +€247 | +1.5% |
| Trade debts | 44 | €20,912 | €7,434 | -€13,478 | -64.5% |
| Suppliers | 440/4 | €20,912 | €7,434 | -€13,478 | -64.5% |
| Taxes, remuneration and social security | 45 | €40,385 | €44,960 | +€4,575 | +11.3% |
| Taxes | 450/3 | €40,385 | €44,960 | +€4,575 | +11.3% |
| Other amounts payable | 47/48 | €4,135 | €1,513 | -€2,621 | -63.4% |
| Non-recurring operating income | 76A | €32,814 | - | -€32,814 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,494 | €13,859 | +€365 | +2.7% |
| Other operating charges | 640/8 | €1,571 | €1,389 | -€181 | -11.5% |
| Gross operating margin | 9900 | €155,311 | €135,742 | -€19,570 | -12.6% |
| Operating profit (loss) | 9901 | €140,246 | €120,493 | -€19,753 | -14.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,768 | €8,586 | -€182 | -2.1% |
| Recurring financial charges | 65 | €8,768 | €8,586 | -€182 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €131,478 | €111,907 | -€19,572 | -14.9% |
| Income taxes | 67/77 | €40,118 | €36,379 | -€3,739 | -9.3% |
| Profit (loss) for the period | 9904 | €91,360 | €75,528 | -€15,833 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,360 | €75,528 | -€15,833 | -17.3% |
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 3 October 2026 via checked.be.