STIMAA-PEETERS: 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.
STIMAA-PEETERS
Largest movements
- Receivables within one year -€31,549
down €31,549 (-11.8%), from €267,248 to €235,699
of which Trade receivables: -€26,891
- Cash +€14,199
up €14,199 (+206%), from €6,885 to €21,085
mainly Receivables within one year (+€31,549) and Net result for the year (+€5,718)
- Trade debts -€13,312
down €13,312 (-6.3%), from €210,024 to €196,712
- Tax, wage and social debts -€8,781
down €8,781 (-22.6%), from €38,927 to €30,147
of which Remuneration and social security: -€7,352
- Profit (loss) carried forward +€5,718
up €5,718 (+30.3%), from €18,871 to €24,589
- Other debts -€3,614
down €3,614 (-86.1%), from €4,200 to €586
- Write-downs +€25,243
up €25,243 (+259%), from €9,762 to €35,005
- Staff costs -€21,269
down €21,269 (-29.6%), from €71,902 to €50,633
- Gross operating margin +€10,546
up €10,546 (+12.2%), from €86,662 to €97,208
- Taxes +€2,493
up €2,493 (+93.5%), from €2,667 to €5,159
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 | €277,022 | €258,746 | -€18,276 | -6.6% |
| Fixed assets | 21/28 | €2,428 | €1,457 | -€971 | -40.0% |
| Tangible fixed assets | 22/27 | €2,428 | €1,457 | -€971 | -40.0% |
| Plant, machinery and equipment | 23 | €2,428 | €1,457 | -€971 | -40.0% |
| Current assets | 29/58 | €274,595 | €257,289 | -€17,305 | -6.3% |
| Amounts receivable within one year | 40/41 | €267,248 | €235,699 | -€31,549 | -11.8% |
| Trade receivables | 40 | €248,246 | €221,355 | -€26,891 | -10.8% |
| Other amounts receivable | 41 | €19,002 | €14,343 | -€4,659 | -24.5% |
| Cash at bank and in hand | 54/58 | €6,885 | €21,085 | +€14,199 | +206% |
| Deferred charges and accrued income | 490/1 | €461 | €506 | +€45 | +9.7% |
| Total equity and liabilities | 10/49 | €277,022 | €258,746 | -€18,276 | -6.6% |
| Equity | 10/15 | €23,871 | €29,589 | +€5,718 | +24.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,871 | €24,589 | +€5,718 | +30.3% |
| Amounts payable | 17/49 | €253,152 | €229,157 | -€23,994 | -9.5% |
| Amounts payable within one year | 42/48 | €253,152 | €229,157 | -€23,994 | -9.5% |
| Trade debts | 44 | €210,024 | €196,712 | -€13,312 | -6.3% |
| Suppliers | 440/4 | €210,024 | €196,712 | -€13,312 | -6.3% |
| Advances received on contracts in progress | 46 | - | €1,713 | +€1,713 | |
| Taxes, remuneration and social security | 45 | €38,927 | €30,147 | -€8,781 | -22.6% |
| Taxes | 450/3 | €22,085 | €20,655 | -€1,429 | -6.5% |
| Remuneration and social security | 454/9 | €16,843 | €9,491 | -€7,352 | -43.6% |
| Other amounts payable | 47/48 | €4,200 | €586 | -€3,614 | -86.1% |
| Non-recurring operating income | 76A | €121 | €3 | -€118 | -97.5% |
| Remuneration, social security and pensions | 62 | €71,902 | €50,633 | -€21,269 | -29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,102 | €971 | -€131 | -11.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,762 | €35,005 | +€25,243 | +259% |
| Other operating charges | 640/8 | €232 | €167 | -€65 | -28.0% |
| Gross operating margin | 9900 | €86,662 | €97,208 | +€10,546 | +12.2% |
| Operating profit (loss) | 9901 | €3,664 | €10,432 | +€6,768 | +185% |
| Financial income | 75/76B | €514 | €807 | +€293 | +56.9% |
| Recurring financial income | 75 | €514 | €807 | +€293 | +56.9% |
| Financial charges | 65/66B | €236 | €362 | +€127 | +53.7% |
| Recurring financial charges | 65 | €236 | €362 | +€127 | +53.7% |
| Profit (loss) for the period before taxes | 9903 | €3,943 | €10,877 | +€6,934 | +176% |
| Income taxes | 67/77 | €2,667 | €5,159 | +€2,493 | +93.5% |
| Profit (loss) for the period | 9904 | €1,277 | €5,718 | +€4,441 | +348% |
| Profit (loss) for the period to be appropriated | 9905 | €1,277 | €5,718 | +€4,441 | +348% |
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 24 October 2026 via checked.be.