STIMO: what changed
Two fiscal 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.
STIMO
Largest movements
- Tangible fixed assets -€14,161
down €14,161 (-2.3%), from €616,437 to €602,276
of which Plant, machinery and equipment: -€14,031
- Trade debts -€8,206
down €8,206 (-39.6%), from €20,720 to €12,515
- Tax, wage and social debts -€8,012
down €8,012 (-42.3%), from €18,939 to €10,927
of which Taxes: -€5,775
- Gross operating margin -€12,235
down €12,235 (-7.4%), from €165,229 to €152,994
- Depreciation -€5,047
down €5,047 (-13.3%), from €37,915 to €32,868
- Taxes -€1,691
down €1,691 (-51.4%), from €3,290 to €1,599
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €651,079 | €638,551 | -€12,528 | -1.9% |
| Fixed assets | 21/28 | €616,437 | €602,276 | -€14,161 | -2.3% |
| Tangible fixed assets | 22/27 | €616,437 | €602,276 | -€14,161 | -2.3% |
| Land and buildings | 22 | €446,728 | €446,598 | -€130 | 0.0% |
| Plant, machinery and equipment | 23 | €169,708 | €155,677 | -€14,031 | -8.3% |
| Current assets | 29/58 | €34,643 | €36,276 | +€1,633 | +4.7% |
| Amounts receivable within one year | 40/41 | €211 | €166 | -€45 | -21.3% |
| Trade receivables | 40 | €9 | - | -€9 | |
| Other amounts receivable | 41 | €202 | €166 | -€36 | -17.8% |
| Cash at bank and in hand | 54/58 | €31,417 | €32,642 | +€1,225 | +3.9% |
| Deferred charges and accrued income | 490/1 | €3,015 | €3,468 | +€453 | +15.0% |
| Total equity and liabilities | 10/49 | €651,079 | €638,551 | -€12,528 | -1.9% |
| Equity | 10/15 | €490,906 | €493,924 | +€3,019 | +0.6% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €365,906 | €368,924 | +€3,019 | +0.8% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €353,406 | €356,424 | +€3,019 | +0.9% |
| Amounts payable | 17/49 | €160,174 | €144,627 | -€15,547 | -9.7% |
| Amounts payable after more than one year | 17 | €120,515 | €120,515 | = | 0.0% |
| Financial debts | 170/4 | €120,515 | €120,515 | = | 0.0% |
| Amounts payable within one year | 42/48 | €39,659 | €24,112 | -€15,547 | -39.2% |
| Trade debts | 44 | €20,720 | €12,515 | -€8,206 | -39.6% |
| Suppliers | 440/4 | €20,720 | €12,515 | -€8,206 | -39.6% |
| Taxes, remuneration and social security | 45 | €18,939 | €10,927 | -€8,012 | -42.3% |
| Taxes | 450/3 | €10,553 | €4,778 | -€5,775 | -54.7% |
| Remuneration and social security | 454/9 | €8,386 | €6,148 | -€2,237 | -26.7% |
| Other amounts payable | 47/48 | - | €671 | +€671 | |
| Remuneration, social security and pensions | 62 | €72,656 | €74,032 | +€1,377 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,915 | €32,868 | -€5,047 | -13.3% |
| Other operating charges | 640/8 | €33,851 | €34,841 | +€990 | +2.9% |
| Gross operating margin | 9900 | €165,229 | €152,994 | -€12,235 | -7.4% |
| Operating profit (loss) | 9901 | €20,808 | €11,253 | -€9,555 | -45.9% |
| Financial income | 75/76B | - | €446 | +€446 | |
| Recurring financial income | 75 | - | €446 | +€446 | |
| Financial charges | 65/66B | €6,763 | €7,081 | +€318 | +4.7% |
| Recurring financial charges | 65 | €6,763 | €7,081 | +€318 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €14,045 | €4,617 | -€9,428 | -67.1% |
| Income taxes | 67/77 | €3,290 | €1,599 | -€1,691 | -51.4% |
| Profit (loss) for the period | 9904 | €10,755 | €3,019 | -€7,736 | -71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,755 | €3,019 | -€7,736 | -71.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.