STIMAA TECTA: 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.
STIMAA TECTA
Largest movements
- Tangible fixed assets -€33,612
down €33,612 (-12.3%), from €273,479 to €239,867
- Receivables within one year +€22,881
up €22,881 (+547.7%), from €4,177 to €27,058
of which Trade receivables: +€22,881
- Debts after one year -€12,621
down €12,621 (-7.6%), from €166,745 to €154,124
- Profit (loss) carried forward +€7,979
up €7,979 (+40.1%), from -€19,886 to -€11,906
- Other debts -€6,009
down €6,009 (-11.3%), from €52,958 to €46,949
- Gross operating margin +€3,488
up €3,488 (+17.0%), from €20,483 to €23,971
- Financial charges -€1,688
down €1,688 (-24.7%), from €6,824 to €5,136
- Write-downs -€1,572
new in 2025: -€1,572
- Depreciation -€895
down €895 (-9.7%), from €9,221 to €8,326
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 | €278,375 | €268,316 | -€10,059 | -3.6% |
| Fixed assets | 21/28 | €273,479 | €239,867 | -€33,612 | -12.3% |
| Tangible fixed assets | 22/27 | €273,479 | €239,867 | -€33,612 | -12.3% |
| Land and buildings | 22 | €273,479 | €239,867 | -€33,612 | -12.3% |
| Current assets | 29/58 | €4,896 | €28,449 | +€23,553 | +481.0% |
| Amounts receivable within one year | 40/41 | €4,177 | €27,058 | +€22,881 | +547.7% |
| Trade receivables | 40 | €3,977 | €26,858 | +€22,881 | +575.3% |
| Other amounts receivable | 41 | €200 | €200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €719 | €920 | +€201 | +27.9% |
| Deferred charges and accrued income | 490/1 | - | €471 | +€471 | |
| Total equity and liabilities | 10/49 | €278,375 | €268,316 | -€10,059 | -3.6% |
| Equity | 10/15 | €114 | €8,094 | +€7,979 | +6970.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,886 | -€11,906 | +€7,979 | +40.1% |
| Amounts payable | 17/49 | €278,261 | €260,223 | -€18,038 | -6.5% |
| Amounts payable after more than one year | 17 | €166,745 | €154,124 | -€12,621 | -7.6% |
| Financial debts | 170/4 | €166,745 | €154,124 | -€12,621 | -7.6% |
| Amounts payable within one year | 42/48 | €111,516 | €106,098 | -€5,418 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €12,261 | €12,621 | +€359 | +2.9% |
| Trade debts | 44 | €46,297 | €46,528 | +€232 | +0.5% |
| Suppliers | 440/4 | €46,297 | €46,528 | +€232 | +0.5% |
| Other amounts payable | 47/48 | €52,958 | €46,949 | -€6,009 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,221 | €8,326 | -€895 | -9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,572 | -€1,572 | |
| Other operating charges | 640/8 | €3,977 | €4,102 | +€125 | +3.1% |
| Gross operating margin | 9900 | €20,483 | €23,971 | +€3,488 | +17.0% |
| Operating profit (loss) | 9901 | €7,284 | €13,115 | +€5,831 | +80.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,824 | €5,136 | -€1,688 | -24.7% |
| Recurring financial charges | 65 | €6,824 | €5,136 | -€1,688 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €460 | €7,979 | +€7,519 | +1634.4% |
| Profit (loss) for the period | 9904 | €460 | €7,979 | +€7,519 | +1634.4% |
| Profit (loss) for the period to be appropriated | 9905 | €460 | €7,979 | +€7,519 | +1634.4% |
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 5 October 2026 via checked.be.