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
- Receivables after one year +€149,193
up €149,193, from €0 to €149,193
- Cash -€80,176
down €80,176 (-90.8%), from €88,257 to €8,081
mainly Receivables after one year (-€149,193) and Other debts (-€50,264)
- Tangible fixed assets -€24,991
down €24,991 (-34.7%), from €72,063 to €47,072
of which Leasing and similar rights: -€23,826
- Receivables within one year -€23,834
down €23,834 (-38.3%), from €62,218 to €38,384
of which Trade receivables: -€23,954
- Profit (loss) carried forward +€93,774
up €93,774 (+89934.0%), from €104 to €93,878
- Other debts -€50,264
down €50,264 (-33.8%), from €148,510 to €98,246
- Debts after one year -€12,171
down €12,171 (-4.9%), from €246,873 to €234,702
- Tax, wage and social debts +€10,146
up €10,146 (+32.6%), from €31,087 to €41,233
of which Taxes: +€11,812
- Current portion of long-term debt -€9,919
down €9,919 (-44.9%), from €22,090 to €12,171
- Gross operating margin +€81,173
up €81,173 (+84.9%), from €95,600 to €176,774
- Taxes +€16,883
up €16,883 (+99.6%), from €16,945 to €33,828
- Other operating charges +€14,902
up €14,902 (+719.8%), from €2,070 to €16,973
- Depreciation +€4,193
up €4,193 (+15.9%), from €26,314 to €30,507
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 | €462,272 | €486,433 | +€24,160 | +5.2% |
| Fixed assets | 21/28 | €310,479 | €285,488 | -€24,991 | -8.0% |
| Tangible fixed assets | 22/27 | €72,063 | €47,072 | -€24,991 | -34.7% |
| Plant, machinery and equipment | 23 | €13,724 | €7,169 | -€6,555 | -47.8% |
| Furniture and vehicles | 24 | €448 | €5,839 | +€5,390 | +1202.7% |
| Leasing and similar rights | 25 | €57,891 | €34,065 | -€23,826 | -41.2% |
| Financial fixed assets | 28 | €238,416 | €238,416 | = | 0.0% |
| Current assets | 29/58 | €151,794 | €200,945 | +€49,151 | +32.4% |
| Amounts receivable after more than one year | 29 | €0 | €149,193 | +€149,193 | |
| Other amounts receivable | 291 | €0 | €149,193 | +€149,193 | |
| Amounts receivable within one year | 40/41 | €62,218 | €38,384 | -€23,834 | -38.3% |
| Trade receivables | 40 | €62,213 | €38,259 | -€23,954 | -38.5% |
| Other amounts receivable | 41 | €5 | €125 | +€119 | +2216.7% |
| Cash at bank and in hand | 54/58 | €88,257 | €8,081 | -€80,176 | -90.8% |
| Deferred charges and accrued income | 490/1 | €1,318 | €5,286 | +€3,968 | +301.1% |
| Total equity and liabilities | 10/49 | €462,272 | €486,433 | +€24,160 | +5.2% |
| Equity | 10/15 | €2,104 | €95,878 | +€93,774 | +4456.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €104 | €93,878 | +€93,774 | +89934.0% |
| Amounts payable | 17/49 | €460,168 | €390,554 | -€69,614 | -15.1% |
| Amounts payable after more than one year | 17 | €246,873 | €234,702 | -€12,171 | -4.9% |
| Financial debts | 170/4 | €246,873 | €234,702 | -€12,171 | -4.9% |
| Amounts payable within one year | 42/48 | €212,920 | €155,452 | -€57,468 | -27.0% |
| Current portion of amounts payable after more than one year | 42 | €22,090 | €12,171 | -€9,919 | -44.9% |
| Trade debts | 44 | €11,233 | €3,803 | -€7,431 | -66.1% |
| Suppliers | 440/4 | €11,233 | €3,803 | -€7,431 | -66.1% |
| Taxes, remuneration and social security | 45 | €31,087 | €41,233 | +€10,146 | +32.6% |
| Taxes | 450/3 | €29,100 | €40,913 | +€11,812 | +40.6% |
| Remuneration and social security | 454/9 | €1,987 | €320 | -€1,667 | -83.9% |
| Other amounts payable | 47/48 | €148,510 | €98,246 | -€50,264 | -33.8% |
| Accrued charges and deferred income | 492/3 | €375 | €400 | +€25 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,314 | €30,507 | +€4,193 | +15.9% |
| Other operating charges | 640/8 | €2,070 | €16,973 | +€14,902 | +719.8% |
| Gross operating margin | 9900 | €95,600 | €176,774 | +€81,173 | +84.9% |
| Operating profit (loss) | 9901 | €67,216 | €129,294 | +€62,078 | +92.4% |
| Financial income | 75/76B | €598 | €1 | -€597 | -99.9% |
| Recurring financial income | 75 | €598 | €1 | -€597 | -99.9% |
| Financial charges | 65/66B | €1,310 | €1,692 | +€382 | +29.2% |
| Recurring financial charges | 65 | €1,310 | €1,692 | +€382 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €66,504 | €127,602 | +€61,098 | +91.9% |
| Income taxes | 67/77 | €16,945 | €33,828 | +€16,883 | +99.6% |
| Profit (loss) for the period | 9904 | €49,559 | €93,774 | +€44,215 | +89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,559 | €93,774 | +€44,215 | +89.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.