STIMAR: 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.
STIMAR
Largest movements
- Tangible fixed assets -€37,094
down €37,094 (-1.9%), from €2.0m to €2.0m
- Debts after one year -€73,388
down €73,388 (-4.2%), from €1.8m to €1.7m
- Profit (loss) carried forward +€31,358
up €31,358 (+75.4%), from -€41,600 to -€10,242
- Gross operating margin +€67,350
up €67,350 (+43.9%), from €153,564 to €220,914
- Financial charges +€17,063
up €17,063 (+62.7%), from €27,196 to €44,259
- Depreciation -€13,444
down €13,444 (-18.8%), from €71,595 to €58,151
- Other operating charges +€8,019
up €8,019 (+122%), from €6,578 to €14,597
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 | €2,022,659 | €1,980,160 | -€42,499 | -2.1% |
| Fixed assets | 21/28 | €2,001,968 | €1,964,874 | -€37,094 | -1.9% |
| Tangible fixed assets | 22/27 | €2,001,968 | €1,964,874 | -€37,094 | -1.9% |
| Land and buildings | 22 | €2,001,968 | €1,964,874 | -€37,094 | -1.9% |
| Current assets | 29/58 | €20,691 | €15,286 | -€5,405 | -26.1% |
| Amounts receivable within one year | 40/41 | €14,426 | €3,088 | -€11,337 | -78.6% |
| Trade receivables | 40 | €12,860 | €1,500 | -€11,360 | -88.3% |
| Other amounts receivable | 41 | €1,566 | €1,588 | +€23 | +1.4% |
| Cash at bank and in hand | 54/58 | €4,388 | €9,741 | +€5,353 | +122% |
| Deferred charges and accrued income | 490/1 | €1,877 | €2,456 | +€579 | +30.9% |
| Total equity and liabilities | 10/49 | €2,022,659 | €1,980,160 | -€42,499 | -2.1% |
| Equity | 10/15 | -€37,600 | -€6,242 | +€31,358 | +83.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,600 | -€10,242 | +€31,358 | +75.4% |
| Amounts payable | 17/49 | €2,060,259 | €1,986,402 | -€73,857 | -3.6% |
| Amounts payable after more than one year | 17 | €1,750,122 | €1,676,734 | -€73,388 | -4.2% |
| Financial debts | 170/4 | €1,750,122 | €1,676,734 | -€73,388 | -4.2% |
| Amounts payable within one year | 42/48 | €305,324 | €307,821 | +€2,497 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €91,086 | €93,388 | +€2,302 | +2.5% |
| Trade debts | 44 | €3,753 | €8,606 | +€4,853 | +129% |
| Suppliers | 440/4 | €3,753 | €8,606 | +€4,853 | +129% |
| Taxes, remuneration and social security | 45 | €13,213 | €8,893 | -€4,319 | -32.7% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €13,213 | €8,893 | -€4,319 | -32.7% |
| Other amounts payable | 47/48 | €197,273 | €196,934 | -€339 | -0.2% |
| Accrued charges and deferred income | 492/3 | €4,812 | €1,847 | -€2,966 | -61.6% |
| Remuneration, social security and pensions | 62 | €71,125 | €72,549 | +€1,424 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,595 | €58,151 | -€13,444 | -18.8% |
| Other operating charges | 640/8 | €6,578 | €14,597 | +€8,019 | +122% |
| Gross operating margin | 9900 | €153,564 | €220,914 | +€67,350 | +43.9% |
| Operating profit (loss) | 9901 | €4,267 | €75,618 | +€71,351 | +1,672% |
| Financial charges | 65/66B | €27,196 | €44,259 | +€17,063 | +62.7% |
| Recurring financial charges | 65 | €27,196 | €44,259 | +€17,063 | +62.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,929 | €31,358 | +€54,287 | |
| Profit (loss) for the period | 9904 | -€22,929 | €31,358 | +€54,287 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,929 | €31,358 | +€54,287 |
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 27 October 2026 via checked.be.