STIMAAV: 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.
STIMAAV
Largest movements
- Cash -€8,461
down €8,461 (-31.8%), from €26,591 to €18,130
mainly Net result for the year (-€7,364) and Trade debts (-€1,492)
- Stocks and contracts -€1,000
down €1,000 (-25.0%), from €4,000 to €3,000
- Deferred charges and accrued income +€857
up €857 (+476.6%), from €180 to €1,037
- Profit (loss) carried forward -€7,364
down €7,364 (-64.6%), from €11,407 to €4,042
- Trade debts -€1,492
down €1,492 (-92.5%), from €1,613 to €122
- Gross operating margin -€7,745
down €7,745, from €2,688 to -€5,057
- Other operating charges -€499
down €499 (-27.1%), from €1,840 to €1,341
- Financial charges +€60
up €60 (+11.8%), from €508 to €567
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 | €32,544 | €23,631 | -€8,912 | -27.4% |
| Fixed assets | 21/28 | €1,693 | €1,435 | -€257 | -15.2% |
| Tangible fixed assets | 22/27 | €966 | €709 | -€257 | -26.6% |
| Furniture and vehicles | 24 | €966 | €709 | -€257 | -26.6% |
| Financial fixed assets | 28 | €726 | €726 | = | 0.0% |
| Current assets | 29/58 | €30,851 | €22,196 | -€8,655 | -28.1% |
| Stocks and contracts in progress | 3 | €4,000 | €3,000 | -€1,000 | -25.0% |
| Stocks | 30/36 | €4,000 | €3,000 | -€1,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €80 | €29 | -€51 | -64.0% |
| Trade receivables | 40 | €73 | €0 | -€73 | -100.0% |
| Other amounts receivable | 41 | €7 | €29 | +€22 | +321.1% |
| Cash at bank and in hand | 54/58 | €26,591 | €18,130 | -€8,461 | -31.8% |
| Deferred charges and accrued income | 490/1 | €180 | €1,037 | +€857 | +476.6% |
| Total equity and liabilities | 10/49 | €32,544 | €23,631 | -€8,912 | -27.4% |
| Equity | 10/15 | €30,015 | €22,651 | -€7,364 | -24.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €12,411 | €12,411 | = | 0.0% |
| Distributable reserves | 133 | €12,411 | €12,411 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,407 | €4,042 | -€7,364 | -64.6% |
| Amounts payable | 17/49 | €2,528 | €980 | -€1,548 | -61.2% |
| Amounts payable within one year | 42/48 | €2,528 | €980 | -€1,548 | -61.2% |
| Trade debts | 44 | €1,613 | €122 | -€1,492 | -92.5% |
| Suppliers | 440/4 | €1,613 | €122 | -€1,492 | -92.5% |
| Advances received on contracts in progress | 46 | €49 | €0 | -€49 | -100.0% |
| Taxes, remuneration and social security | 45 | €866 | €859 | -€7 | -0.8% |
| Taxes | 450/3 | €866 | €859 | -€7 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257 | €257 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,840 | €1,341 | -€499 | -27.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,688 | -€5,057 | -€7,745 | |
| Operating profit (loss) | 9901 | €590 | -€6,656 | -€7,246 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €508 | €567 | +€60 | +11.8% |
| Recurring financial charges | 65 | €508 | €567 | +€60 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €83 | -€7,223 | -€7,306 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€57 | -€7,364 | -€7,307 | -12830.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€57 | -€7,364 | -€7,307 | -12830.8% |
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.