Stimatic: 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.
Stimatic
Largest movements
- Tangible fixed assets +€55,199
up €55,199 (+69.6%), from €79,345 to €134,544
of which Furniture and vehicles: +€63,492
- Stocks and contracts +€27,913
up €27,913 (+29.3%), from €95,210 to €123,123
of which Contracts in progress: +€23,700
- Receivables within one year -€24,076
down €24,076 (-26.8%), from €89,753 to €65,678
of which Trade receivables: -€26,545
- Cash +€22,776
up €22,776 (+135.3%), from €16,837 to €39,614
mainly Debts after one year (+€44,434) and Receivables within one year (+€24,076)
- Debts after one year +€44,434
up €44,434 (+40.0%), from €111,039 to €155,473
- Trade debts +€13,198
up €13,198 (+62.5%), from €21,125 to €34,323
- Current portion of long-term debt +€13,035
up €13,035 (+176.8%), from €7,374 to €20,409
- Profit (loss) carried forward +€7,451
up €7,451 (+19.5%), from €38,291 to €45,741
- Taxes +€7,279
up €7,279 (+258.2%), from €2,819 to €10,098
- Depreciation +€3,713
up €3,713 (+40.9%), from €9,088 to €12,801
- Financial charges -€2,522
down €2,522 (-26.6%), from €9,491 to €6,970
of which Non-recurring financial charges: -€2,796
- Gross operating margin -€1,641
down €1,641 (-1.8%), from €89,409 to €87,769
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 | €281,146 | €364,233 | +€83,087 | +29.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €79,345 | €135,819 | +€56,474 | +71.2% |
| Tangible fixed assets | 22/27 | €79,345 | €134,544 | +€55,199 | +69.6% |
| Land and buildings | 22 | €78,182 | €71,053 | -€7,129 | -9.1% |
| Plant, machinery and equipment | 23 | €1,163 | €0 | -€1,163 | -100.0% |
| Furniture and vehicles | 24 | €0 | €63,492 | +€63,492 | |
| Financial fixed assets | 28 | - | €1,275 | +€1,275 | |
| Current assets | 29/58 | €201,800 | €228,414 | +€26,613 | +13.2% |
| Stocks and contracts in progress | 3 | €95,210 | €123,123 | +€27,913 | +29.3% |
| Stocks | 30/36 | €69,210 | €73,423 | +€4,213 | +6.1% |
| Contracts in progress | 37 | €26,000 | €49,700 | +€23,700 | +91.2% |
| Amounts receivable within one year | 40/41 | €89,753 | €65,678 | -€24,076 | -26.8% |
| Trade receivables | 40 | €89,664 | €63,119 | -€26,545 | -29.6% |
| Other amounts receivable | 41 | €89 | €2,559 | +€2,469 | +2763.2% |
| Cash at bank and in hand | 54/58 | €16,837 | €39,614 | +€22,776 | +135.3% |
| Total equity and liabilities | 10/49 | €281,146 | €364,233 | +€83,087 | +29.6% |
| Equity | 10/15 | €58,382 | €65,833 | +€7,451 | +12.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €7,691 | €7,691 | = | 0.0% |
| Distributable reserves | 133 | €7,691 | €7,691 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,291 | €45,741 | +€7,451 | +19.5% |
| Amounts payable | 17/49 | €222,763 | €298,400 | +€75,637 | +34.0% |
| Amounts payable after more than one year | 17 | €111,039 | €155,473 | +€44,434 | +40.0% |
| Financial debts | 170/4 | €111,039 | €155,473 | +€44,434 | +40.0% |
| Amounts payable within one year | 42/48 | €111,117 | €139,572 | +€28,455 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €7,374 | €20,409 | +€13,035 | +176.8% |
| Financial debts | 43 | €60,000 | €60,000 | = | 0.0% |
| Credit institutions | 430/8 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €21,125 | €34,323 | +€13,198 | +62.5% |
| Suppliers | 440/4 | €21,125 | €34,323 | +€13,198 | +62.5% |
| Taxes, remuneration and social security | 45 | €22,618 | €24,841 | +€2,223 | +9.8% |
| Taxes | 450/3 | €3,759 | - | -€3,759 | |
| Remuneration and social security | 454/9 | €18,859 | €24,841 | +€5,982 | +31.7% |
| Accrued charges and deferred income | 492/3 | €607 | €3,354 | +€2,747 | +452.3% |
| Non-recurring operating income | 76A | - | €600 | +€600 | |
| Remuneration, social security and pensions | 62 | €49,658 | €49,809 | +€151 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,088 | €12,801 | +€3,713 | +40.9% |
| Other operating charges | 640/8 | €1,147 | €640 | -€507 | -44.2% |
| Gross operating margin | 9900 | €89,409 | €87,769 | -€1,641 | -1.8% |
| Operating profit (loss) | 9901 | €29,516 | €24,519 | -€4,998 | -16.9% |
| Financial charges | 65/66B | €9,491 | €6,970 | -€2,522 | -26.6% |
| Recurring financial charges | 65 | €6,695 | €6,970 | +€274 | +4.1% |
| Non-recurring financial charges | 66B | €2,796 | - | -€2,796 | |
| Profit (loss) for the period before taxes | 9903 | €20,025 | €17,549 | -€2,476 | -12.4% |
| Income taxes | 67/77 | €2,819 | €10,098 | +€7,279 | +258.2% |
| Profit (loss) for the period | 9904 | €17,205 | €7,451 | -€9,755 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,205 | €7,451 | -€9,755 | -56.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.