STIMACO: 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.
STIMACO
Largest movements
- Tangible fixed assets -€30,964
down €30,964 (-3.8%), from €810,092 to €779,127
of which Furniture and vehicles: -€22,026
- Receivables within one year -€19,696
down €19,696 (-100.0%), from €19,696 to €1
of which Trade receivables: -€19,696
- Debts after one year -€56,017
down €56,017 (-34.5%), from €162,231 to €106,214
- Advances received -€19,696
down €19,696 (-100.0%), from €19,696 to €0
- Other debts +€17,335
up €17,335 (+4.5%), from €386,403 to €403,738
- Reserves +€12,330
up €12,330 (+8.3%), from €147,730 to €160,060
of which Distributable reserves: +€15,570
- Gross operating margin -€8,647
down €8,647 (-10.6%), from €81,309 to €72,661
- Other operating charges -€2,132
down €2,132 (-50.0%), from €4,261 to €2,130
- Taxes -€1,433
down €1,433 (-20.3%), from €7,072 to €5,639
- Financial charges -€1,384
down €1,384 (-18.0%), from €7,703 to €6,319
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 | €841,642 | €793,331 | -€48,312 | -5.7% |
| Fixed assets | 21/28 | €810,092 | €779,127 | -€30,964 | -3.8% |
| Tangible fixed assets | 22/27 | €810,092 | €779,127 | -€30,964 | -3.8% |
| Land and buildings | 22 | €766,260 | €758,273 | -€7,987 | -1.0% |
| Plant, machinery and equipment | 23 | €1,102 | €151 | -€951 | -86.3% |
| Furniture and vehicles | 24 | €42,261 | €20,234 | -€22,026 | -52.1% |
| Other tangible fixed assets | 26 | €468 | €468 | = | 0.0% |
| Current assets | 29/58 | €31,551 | €14,203 | -€17,347 | -55.0% |
| Amounts receivable within one year | 40/41 | €19,696 | €1 | -€19,696 | -100.0% |
| Trade receivables | 40 | €19,696 | €0 | -€19,696 | -100.0% |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €11,667 | €13,377 | +€1,709 | +14.7% |
| Deferred charges and accrued income | 490/1 | €187 | €826 | +€639 | +341.0% |
| Total equity and liabilities | 10/49 | €841,642 | €793,331 | -€48,312 | -5.7% |
| Equity | 10/15 | €197,336 | €209,666 | +€12,330 | +6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €43,406 | €43,406 | = | 0.0% |
| Reserves | 13 | €147,730 | €160,060 | +€12,330 | +8.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €5,710 | €2,470 | -€3,240 | -56.7% |
| Distributable reserves | 133 | €142,020 | €157,590 | +€15,570 | +11.0% |
| Provisions and deferred taxes | 16 | €1,422 | €610 | -€812 | -57.1% |
| Deferred taxes | 168 | €1,422 | €610 | -€812 | -57.1% |
| Amounts payable | 17/49 | €642,884 | €583,054 | -€59,830 | -9.3% |
| Amounts payable after more than one year | 17 | €162,231 | €106,214 | -€56,017 | -34.5% |
| Financial debts | 170/4 | €162,231 | €106,214 | -€56,017 | -34.5% |
| Amounts payable within one year | 42/48 | €479,578 | €476,840 | -€2,738 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €62,889 | €56,065 | -€6,824 | -10.9% |
| Trade debts | 44 | €2,277 | €6,201 | +€3,924 | +172.3% |
| Suppliers | 440/4 | €2,277 | €6,201 | +€3,924 | +172.3% |
| Advances received on contracts in progress | 46 | €19,696 | €0 | -€19,696 | -100.0% |
| Taxes, remuneration and social security | 45 | €8,313 | €10,836 | +€2,523 | +30.4% |
| Taxes | 450/3 | €8,313 | €8,821 | +€508 | +6.1% |
| Remuneration and social security | 454/9 | - | €2,015 | +€2,015 | |
| Other amounts payable | 47/48 | €386,403 | €403,738 | +€17,335 | +4.5% |
| Accrued charges and deferred income | 492/3 | €1,075 | €0 | -€1,075 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,964 | €47,061 | +€97 | +0.2% |
| Other operating charges | 640/8 | €4,261 | €2,130 | -€2,132 | -50.0% |
| Gross operating margin | 9900 | €81,309 | €72,661 | -€8,647 | -10.6% |
| Operating profit (loss) | 9901 | €30,084 | €23,471 | -€6,613 | -22.0% |
| Financial income | 75/76B | €5 | €6 | +€1 | +10.0% |
| Recurring financial income | 75 | €5 | €6 | +€1 | +10.0% |
| Financial charges | 65/66B | €7,703 | €6,319 | -€1,384 | -18.0% |
| Recurring financial charges | 65 | €7,703 | €6,319 | -€1,384 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €22,386 | €17,157 | -€5,228 | -23.4% |
| Transfer from deferred taxes | 780 | €812 | €812 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €7,072 | €5,639 | -€1,433 | -20.3% |
| Profit (loss) for the period | 9904 | €16,125 | €12,330 | -€3,795 | -23.5% |
| Transfer from tax-exempt reserves | 789 | €3,240 | €3,240 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €19,366 | €15,570 | -€3,795 | -19.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.