STIMA METAALCONSTRUCTIE: what changed
STIMA METAALCONSTRUCTIE
Largest movements
- Tangible fixed assets +€815,432
up €815,432 (+113%), from €720,405 to €1.5m
of which Land and buildings: +€717,190
- Cash -€242,780
down €242,780 (-84.4%), from €287,620 to €44,840
mainly Investment in fixed assets (net) (-€1.0m) and Receivables within one year (-€201,059)
- Receivables within one year +€201,059
up €201,059 (+89.7%), from €224,138 to €425,196
of which Trade receivables: +€159,896
- Stocks and contracts +€54,534
up €54,534 (+26.2%), from €207,950 to €262,485
of which Stocks: +€54,447
- Debts after one year +€697,690
up €697,690 (+248%), from €281,760 to €979,450
- Short-term financial debts +€103,329
up €103,329 (+96.7%), from €106,822 to €210,151
- Reserves -€50,476
down €50,476 (-9.0%), from €557,797 to €507,322
of which Distributable reserves: -€50,476
- Profit (loss) carried forward -€44,470
down €44,470, from €43,893 to -€578
- Other debts +€42,857
up €42,857 (+27.7%), from €154,754 to €197,611
- Depreciation +€142,960
up €142,960 (+161%), from €88,802 to €231,762
- Staff costs +€119,784
up €119,784 (+76.6%), from €156,382 to €276,166
- Taxes -€77,782
down €77,782 (-99.0%), from €78,599 to €817
- Gross operating margin -€22,385
down €22,385 (-4.1%), from €546,578 to €524,193
- Financial charges +€11,394
up €11,394 (+28.8%), from €39,559 to €50,953
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,461,619 | €2,288,542 | +€826,923 | +56.6% |
| Fixed assets | 21/28 | €723,338 | €1,538,433 | +€815,096 | +113% |
| Intangible fixed assets | 21 | €1,597 | €1,112 | -€486 | -30.4% |
| Tangible fixed assets | 22/27 | €720,405 | €1,535,837 | +€815,432 | +113% |
| Land and buildings | 22 | €550,442 | €1,267,632 | +€717,190 | +130% |
| Plant, machinery and equipment | 23 | €51,121 | €146,095 | +€94,975 | +186% |
| Furniture and vehicles | 24 | €92,659 | €71,482 | -€21,177 | -22.9% |
| Leasing and similar rights | 25 | €26,183 | €50,628 | +€24,444 | +93.4% |
| Financial fixed assets | 28 | €1,335 | €1,485 | +€150 | +11.2% |
| Current assets | 29/58 | €738,281 | €750,108 | +€11,827 | +1.6% |
| Stocks and contracts in progress | 3 | €207,950 | €262,485 | +€54,534 | +26.2% |
| Stocks | 30/36 | €56,465 | €110,913 | +€54,447 | +96.4% |
| Contracts in progress | 37 | €151,485 | €151,572 | +€87 | +0.1% |
| Amounts receivable within one year | 40/41 | €224,138 | €425,196 | +€201,059 | +89.7% |
| Trade receivables | 40 | €182,783 | €342,679 | +€159,896 | +87.5% |
| Other amounts receivable | 41 | €41,354 | €82,517 | +€41,162 | +99.5% |
| Cash at bank and in hand | 54/58 | €287,620 | €44,840 | -€242,780 | -84.4% |
| Deferred charges and accrued income | 490/1 | €18,573 | €17,587 | -€986 | -5.3% |
| Total equity and liabilities | 10/49 | €1,461,619 | €2,288,542 | +€826,923 | +56.6% |
| Equity | 10/15 | €674,190 | €579,244 | -€94,946 | -14.1% |
| Contributions | 10/11 | €72,500 | €72,500 | = | 0.0% |
| Reserves | 13 | €557,797 | €507,322 | -€50,476 | -9.0% |
| Tax-exempt reserves | 132 | €38,010 | €38,010 | = | 0.0% |
| Distributable reserves | 133 | €519,787 | €469,312 | -€50,476 | -9.7% |
| Profit (loss) carried forward | 14 | €43,893 | -€578 | -€44,470 | |
| Amounts payable | 17/49 | €787,429 | €1,709,297 | +€921,869 | +117% |
| Amounts payable after more than one year | 17 | €281,760 | €979,450 | +€697,690 | +248% |
| Financial debts | 170/4 | €281,760 | €979,450 | +€697,690 | +248% |
| Amounts payable within one year | 42/48 | €492,013 | €716,451 | +€224,438 | +45.6% |
| Current portion of amounts payable after more than one year | 42 | €85,231 | €118,559 | +€33,328 | +39.1% |
| Financial debts | 43 | €106,822 | €210,151 | +€103,329 | +96.7% |
| Credit institutions | 430/8 | €106,822 | €210,151 | +€103,329 | +96.7% |
| Trade debts | 44 | €104,775 | €125,874 | +€21,098 | +20.1% |
| Suppliers | 440/4 | €104,775 | €125,874 | +€21,098 | +20.1% |
| Taxes, remuneration and social security | 45 | €40,431 | €64,257 | +€23,825 | +58.9% |
| Taxes | 450/3 | €22,470 | €23,136 | +€666 | +3.0% |
| Remuneration and social security | 454/9 | €17,961 | €41,120 | +€23,159 | +129% |
| Other amounts payable | 47/48 | €154,754 | €197,611 | +€42,857 | +27.7% |
| Accrued charges and deferred income | 492/3 | €13,656 | €13,396 | -€259 | -1.9% |
| Non-recurring operating income | 76A | €413 | €990 | +€577 | +140% |
| Remuneration, social security and pensions | 62 | €156,382 | €276,166 | +€119,784 | +76.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,802 | €231,762 | +€142,960 | +161% |
| Other operating charges | 640/8 | €12,206 | €13,414 | +€1,208 | +9.9% |
| Non-recurring operating charges | 66A | €1,500 | - | -€1,500 | |
| Gross operating margin | 9900 | €546,578 | €524,193 | -€22,385 | -4.1% |
| Operating profit (loss) | 9901 | €287,689 | €2,852 | -€284,837 | -99.0% |
| Financial income | 75/76B | €127 | €3 | -€124 | -97.5% |
| Recurring financial income | 75 | €127 | €3 | -€124 | -97.5% |
| Financial charges | 65/66B | €39,559 | €50,953 | +€11,394 | +28.8% |
| Recurring financial charges | 65 | €39,559 | €50,953 | +€11,394 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | €248,257 | -€48,098 | -€296,355 | |
| Income taxes | 67/77 | €78,599 | €817 | -€77,782 | -99.0% |
| Profit (loss) for the period | 9904 | €169,657 | -€48,915 | -€218,572 | |
| Profit (loss) for the period to be appropriated | 9905 | €169,657 | -€48,915 | -€218,572 |
Next steps
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 5 November 2026 via checked.be.