STIMAN: 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.
STIMAN
Largest movements
- Current investments +€616,139
up €616,139 (+51.5%), from €1.2m to €1.8m
- Reserves +€649,493
up €649,493 (+27.7%), from €2.3m to €3.0m
- Tax, wage and social debts +€53,835
up €53,835 (+372%), from €14,491 to €68,326
- Debts after one year -€50,000
down €50,000 (-10.0%), from €500,000 to €450,000
- Financial income +€605,712
up €605,712 (+4,483%), from €13,512 to €619,224
- Gross operating margin +€98,103
up €98,103 (+283%), from €34,710 to €132,812
- Taxes +€86,163
up €86,163 (+591%), from €14,571 to €100,734
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 | €3,907,117 | €4,560,741 | +€653,623 | +16.7% |
| Fixed assets | 21/28 | €2,596,224 | €2,598,233 | +€2,008 | +0.1% |
| Tangible fixed assets | 22/27 | €997 | €3,005 | +€2,008 | +202% |
| Furniture and vehicles | 24 | €997 | €3,005 | +€2,008 | +202% |
| Financial fixed assets | 28 | €2,595,228 | €2,595,228 | = | 0.0% |
| Current assets | 29/58 | €1,310,893 | €1,962,508 | +€651,615 | +49.7% |
| Amounts receivable within one year | 40/41 | €1,210 | €1,210 | = | 0.0% |
| Trade receivables | 40 | €1,210 | €1,210 | = | 0.0% |
| Current investments | 50/53 | €1,196,229 | €1,812,368 | +€616,139 | +51.5% |
| Cash at bank and in hand | 54/58 | €113,407 | €148,843 | +€35,436 | +31.2% |
| Deferred charges and accrued income | 490/1 | €47 | €87 | +€40 | +85.1% |
| Total equity and liabilities | 10/49 | €3,907,117 | €4,560,741 | +€653,623 | +16.7% |
| Equity | 10/15 | €3,391,597 | €4,041,090 | +€649,493 | +19.2% |
| Contributions | 10/11 | €1,045,000 | €1,045,000 | = | 0.0% |
| Reserves | 13 | €2,346,597 | €2,996,090 | +€649,493 | +27.7% |
| Distributable reserves | 133 | €2,346,597 | €2,996,090 | +€649,493 | +27.7% |
| Amounts payable | 17/49 | €515,521 | €519,651 | +€4,130 | +0.8% |
| Amounts payable after more than one year | 17 | €500,000 | €450,000 | -€50,000 | -10.0% |
| Financial debts | 170/4 | €500,000 | €450,000 | -€50,000 | -10.0% |
| Amounts payable within one year | 42/48 | €14,491 | €68,590 | +€54,099 | +373% |
| Trade debts | 44 | - | €264 | +€264 | |
| Suppliers | 440/4 | - | €264 | +€264 | |
| Taxes, remuneration and social security | 45 | €14,491 | €68,326 | +€53,835 | +372% |
| Taxes | 450/3 | €14,491 | €68,326 | +€53,835 | +372% |
| Accrued charges and deferred income | 492/3 | €1,030 | €1,060 | +€31 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101 | €635 | +€534 | +529% |
| Other operating charges | 640/8 | €1,076 | €1,106 | +€31 | +2.9% |
| Gross operating margin | 9900 | €34,710 | €132,812 | +€98,103 | +283% |
| Operating profit (loss) | 9901 | €33,533 | €131,071 | +€97,538 | +291% |
| Financial income | 75/76B | €13,512 | €619,224 | +€605,712 | +4,483% |
| Recurring financial income | 75 | €13,512 | €619,224 | +€605,712 | +4,483% |
| Financial charges | 65/66B | €248 | €68 | -€180 | -72.7% |
| Recurring financial charges | 65 | €248 | €68 | -€180 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | €46,797 | €750,227 | +€703,430 | +1,503% |
| Income taxes | 67/77 | €14,571 | €100,734 | +€86,163 | +591% |
| Profit (loss) for the period | 9904 | €32,226 | €649,493 | +€617,268 | +1,915% |
| Profit (loss) for the period to be appropriated | 9905 | €32,226 | €649,493 | +€617,268 | +1,915% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.