STIMYLOR: 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.
STIMYLOR
Largest movements
- Cash +€103,843
up €103,843 (+112.8%), from €92,086 to €195,929
mainly Net result for the year (+€212,172) and Short-term financial debts (+€28,327)
- Tangible fixed assets -€25,154
down €25,154 (-3.2%), from €780,605 to €755,451
of which Land and buildings: -€25,154
- Receivables within one year +€23,750
up €23,750 (+212.5%), from €11,179 to €34,929
- Reserves +€210,506
up €210,506 (+24.7%), from €850,729 to €1.1m
- Other debts -€80,912
down €80,912 (-70.6%), from €114,543 to €33,631
- Current portion of long-term debt -€30,211
no longer reported in 2025 (was €30,211)
- Debts after one year -€28,327
down €28,327 (-8.6%), from €330,431 to €302,104
- Short-term financial debts +€28,327
new in 2025: €28,327
- Turnover -€217,155
no longer reported in 2025 (was €217,155)
- Purchases and services -€83,156
no longer reported in 2025 (was €83,156)
- Financial income +€61,266
up €61,266 (+99.6%), from €61,530 to €122,796
- Gross operating margin +€18,012
up €18,012 (+10.5%), from €171,987 to €190,000
- Taxes +€13,985
up €13,985 (+33.1%), from €42,205 to €56,189
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 | €1,381,902 | €1,483,776 | +€101,874 | +7.4% |
| Fixed assets | 21/28 | €1,277,787 | €1,252,633 | -€25,154 | -2.0% |
| Tangible fixed assets | 22/27 | €780,605 | €755,451 | -€25,154 | -3.2% |
| Land and buildings | 22 | €780,605 | €755,451 | -€25,154 | -3.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €497,182 | €497,182 | = | 0.0% |
| Current assets | 29/58 | €104,115 | €231,144 | +€127,028 | +122.0% |
| Amounts receivable within one year | 40/41 | €11,179 | €34,929 | +€23,750 | +212.5% |
| Other amounts receivable | 41 | €11,179 | €34,929 | +€23,750 | +212.5% |
| Cash at bank and in hand | 54/58 | €92,086 | €195,929 | +€103,843 | +112.8% |
| Deferred charges and accrued income | 490/1 | €850 | €285 | -€565 | -66.5% |
| Total equity and liabilities | 10/49 | €1,381,902 | €1,483,776 | +€101,874 | +7.4% |
| Equity | 10/15 | €869,329 | €1,079,836 | +€210,506 | +24.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €850,729 | €1,061,236 | +€210,506 | +24.7% |
| Distributable reserves | 133 | €850,729 | €1,061,236 | +€210,506 | +24.7% |
| Amounts payable | 17/49 | €512,573 | €403,941 | -€108,632 | -21.2% |
| Amounts payable after more than one year | 17 | €330,431 | €302,104 | -€28,327 | -8.6% |
| Financial debts | 170/4 | €330,431 | €302,104 | -€28,327 | -8.6% |
| Amounts payable within one year | 42/48 | €178,610 | €99,784 | -€78,825 | -44.1% |
| Current portion of amounts payable after more than one year | 42 | €30,211 | - | -€30,211 | |
| Financial debts | 43 | - | €28,327 | +€28,327 | |
| Credit institutions | 430/8 | - | €28,327 | +€28,327 | |
| Trade debts | 44 | €6,138 | €5,763 | -€375 | -6.1% |
| Suppliers | 440/4 | €6,138 | €5,763 | -€375 | -6.1% |
| Taxes, remuneration and social security | 45 | €27,717 | €32,064 | +€4,347 | +15.7% |
| Taxes | 450/3 | €27,717 | €29,793 | +€2,076 | +7.5% |
| Remuneration and social security | 454/9 | - | €2,271 | +€2,271 | |
| Other amounts payable | 47/48 | €114,543 | €33,631 | -€80,912 | -70.6% |
| Accrued charges and deferred income | 492/3 | €3,533 | €2,052 | -€1,480 | -41.9% |
| Turnover | 70 | €217,155 | - | -€217,155 | |
| Goods, raw materials, services and sundry goods | 60/61 | €83,156 | - | -€83,156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,958 | €25,154 | +€1,196 | +5.0% |
| Other operating charges | 640/8 | €4,221 | €3,930 | -€291 | -6.9% |
| Non-recurring operating charges | 66A | €40 | - | -€40 | |
| Gross operating margin | 9900 | €171,987 | €190,000 | +€18,012 | +10.5% |
| Operating profit (loss) | 9901 | €143,767 | €160,916 | +€17,148 | +11.9% |
| Financial income | 75/76B | €61,530 | €122,796 | +€61,266 | +99.6% |
| Recurring financial income | 75 | €61,530 | €122,796 | +€61,266 | +99.6% |
| Financial charges | 65/66B | €20,224 | €15,350 | -€4,874 | -24.1% |
| Recurring financial charges | 65 | €20,224 | €15,350 | -€4,874 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €185,074 | €268,362 | +€83,288 | +45.0% |
| Income taxes | 67/77 | €42,205 | €56,189 | +€13,985 | +33.1% |
| Profit (loss) for the period | 9904 | €142,869 | €212,172 | +€69,303 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €142,869 | €212,172 | +€69,303 | +48.5% |
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 8 October 2026 via checked.be.