Stimarc: 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.
Stimarc
Largest movements
- Receivables within one year +€7,319
up €7,319 (+412%), from €1,776 to €9,095
of which Trade receivables: +€5,379
- Stocks and contracts +€4,273
new in 2025: €4,273
- Tangible fixed assets +€4,241
up €4,241 (+48.2%), from €8,802 to €13,042
of which Furniture and vehicles: +€5,095
- Cash -€723
down €723 (-12.9%), from €5,602 to €4,879
mainly Investment in fixed assets (net) (-€10,000) and Receivables within one year (-€7,319)
- Formation expenses -€540
down €540 (-42.0%), from €1,286 to €746
- Trade debts +€17,528
up €17,528 (+1,059%), from €1,655 to €19,182
- Other debts -€4,174
no longer reported in 2025 (was €4,174)
- Profit (loss) carried forward +€1,228
up €1,228 (+42.7%), from €2,877 to €4,105
- Depreciation +€1,390
up €1,390 (+28.3%), from €4,909 to €6,299
- Gross operating margin -€1,005
down €1,005 (-10.6%), from €9,446 to €8,440
- Taxes -€951
down €951 (-51.0%), from €1,862 to €912
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 | €17,465 | €32,075 | +€14,610 | +83.6% |
| Formation expenses | 20 | €1,286 | €746 | -€540 | -42.0% |
| Fixed assets | 21/28 | €8,802 | €13,042 | +€4,241 | +48.2% |
| Tangible fixed assets | 22/27 | €8,802 | €13,042 | +€4,241 | +48.2% |
| Plant, machinery and equipment | 23 | €1,044 | €191 | -€854 | -81.8% |
| Furniture and vehicles | 24 | €7,757 | €12,852 | +€5,095 | +65.7% |
| Current assets | 29/58 | €7,378 | €18,287 | +€10,909 | +148% |
| Stocks and contracts in progress | 3 | - | €4,273 | +€4,273 | |
| Contracts in progress | 37 | - | €4,273 | +€4,273 | |
| Amounts receivable within one year | 40/41 | €1,776 | €9,095 | +€7,319 | +412% |
| Trade receivables | 40 | €1,776 | €7,155 | +€5,379 | +303% |
| Other amounts receivable | 41 | - | €1,940 | +€1,940 | |
| Cash at bank and in hand | 54/58 | €5,602 | €4,879 | -€723 | -12.9% |
| Deferred charges and accrued income | 490/1 | - | €40 | +€40 | |
| Total equity and liabilities | 10/49 | €17,465 | €32,075 | +€14,610 | +83.6% |
| Equity | 10/15 | €8,877 | €10,105 | +€1,228 | +13.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,877 | €4,105 | +€1,228 | +42.7% |
| Amounts payable | 17/49 | €8,588 | €21,970 | +€13,382 | +156% |
| Amounts payable within one year | 42/48 | €8,588 | €21,970 | +€13,382 | +156% |
| Trade debts | 44 | €1,655 | €19,182 | +€17,528 | +1,059% |
| Suppliers | 440/4 | €1,655 | €19,182 | +€17,528 | +1,059% |
| Taxes, remuneration and social security | 45 | €2,760 | €2,788 | +€28 | +1.0% |
| Taxes | 450/3 | €860 | €888 | +€28 | +3.2% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €4,174 | - | -€4,174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,909 | €6,299 | +€1,390 | +28.3% |
| Gross operating margin | 9900 | €9,446 | €8,440 | -€1,005 | -10.6% |
| Operating profit (loss) | 9901 | €4,536 | €2,141 | -€2,395 | -52.8% |
| Financial income | 75/76B | €3 | €80 | +€77 | +2,579% |
| Recurring financial income | 75 | €3 | €80 | +€77 | +2,579% |
| Financial charges | 65/66B | €39 | €82 | +€43 | +111% |
| Recurring financial charges | 65 | €39 | €82 | +€43 | +111% |
| Profit (loss) for the period before taxes | 9903 | €4,500 | €2,139 | -€2,361 | -52.5% |
| Income taxes | 67/77 | €1,862 | €912 | -€951 | -51.0% |
| Profit (loss) for the period | 9904 | €2,638 | €1,228 | -€1,411 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,638 | €1,228 | -€1,411 | -53.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.