STIMMER: what changed
STIMMER
Largest movements
- Intangible fixed assets -€51,369
down €51,369 (-100%), from €51,369 to €0
- Receivables within one year +€10,564
up €10,564 (+24.9%), from €42,478 to €53,042
of which Trade receivables: +€10,582
- Cash +€8,218
up €8,218 (+142%), from €5,805 to €14,024
mainly Other debts (+€99,821) and Investment in fixed assets (net) (+€36,700)
- Other debts +€99,821
up €99,821 (+27.3%), from €365,764 to €465,585
- Profit (loss) carried forward -€67,338
down €67,338 (-14.9%), from -€450,707 to -€518,045
- Trade debts -€63,294
down €63,294 (-87.5%), from €72,332 to €9,038
- Tax, wage and social debts -€1,730
down €1,730 (-10.4%), from €16,609 to €14,879
of which Remuneration and social security: -€2,001
- Staff costs -€180,266
down €180,266 (-73.3%), from €245,867 to €65,601
- Gross operating margin -€39,068
down €39,068 (-38.1%), from €102,580 to €63,512
- Write-downs -€5,347
no longer reported in 2025 (was €5,347)
- Financial charges +€1,935
up €1,935 (+17.4%), from €11,144 to €13,079
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,831 | €67,066 | -€32,765 | -32.8% |
| Fixed assets | 21/28 | €51,369 | €0 | -€51,369 | -100% |
| Intangible fixed assets | 21 | €51,369 | €0 | -€51,369 | -100% |
| Current assets | 29/58 | €48,462 | €67,066 | +€18,605 | +38.4% |
| Amounts receivable within one year | 40/41 | €42,478 | €53,042 | +€10,564 | +24.9% |
| Trade receivables | 40 | €42,461 | €53,042 | +€10,582 | +24.9% |
| Other amounts receivable | 41 | €18 | - | -€18 | |
| Cash at bank and in hand | 54/58 | €5,805 | €14,024 | +€8,218 | +142% |
| Deferred charges and accrued income | 490/1 | €178 | - | -€178 | |
| Total equity and liabilities | 10/49 | €99,831 | €67,066 | -€32,765 | -32.8% |
| Equity | 10/15 | -€355,098 | -€422,436 | -€67,338 | -19.0% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €89,404 | €89,404 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €87,544 | €87,544 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€450,707 | -€518,045 | -€67,338 | -14.9% |
| Amounts payable | 17/49 | €454,928 | €489,502 | +€34,574 | +7.6% |
| Amounts payable within one year | 42/48 | €454,705 | €489,502 | +€34,797 | +7.7% |
| Trade debts | 44 | €72,332 | €9,038 | -€63,294 | -87.5% |
| Suppliers | 440/4 | €72,332 | €9,038 | -€63,294 | -87.5% |
| Taxes, remuneration and social security | 45 | €16,609 | €14,879 | -€1,730 | -10.4% |
| Taxes | 450/3 | €93 | €364 | +€272 | +294% |
| Remuneration and social security | 454/9 | €16,516 | €14,515 | -€2,001 | -12.1% |
| Other amounts payable | 47/48 | €365,764 | €465,585 | +€99,821 | +27.3% |
| Accrued charges and deferred income | 492/3 | €223 | - | -€223 | |
| Remuneration, social security and pensions | 62 | €245,867 | €65,601 | -€180,266 | -73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,669 | €14,669 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,347 | - | -€5,347 | |
| Other operating charges | 640/8 | €755 | €784 | +€29 | +3.8% |
| Non-recurring operating charges | 66A | - | €36,700 | +€36,700 | |
| Gross operating margin | 9900 | €102,580 | €63,512 | -€39,068 | -38.1% |
| Operating profit (loss) | 9901 | -€164,058 | -€54,242 | +€109,817 | +66.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €11,144 | €13,079 | +€1,935 | +17.4% |
| Recurring financial charges | 65 | €11,144 | €13,079 | +€1,935 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | -€175,203 | -€67,321 | +€107,882 | +61.6% |
| Income taxes | 67/77 | €93 | €17 | -€75 | -81.2% |
| Profit (loss) for the period | 9904 | -€175,295 | -€67,338 | +€107,957 | +61.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€175,295 | -€67,338 | +€107,957 | +61.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.