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STIBRIMMO: 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.

What changed

STIBRIMMO

BE 0874.658.995
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€32,321
2024 · -€7,231+€39,553
Equity
€5,905
2024 · -€26,416+€32,321
Cash
€86,086
2024 · €3,726+€82,360
Balance sheet total
€816,751
2024 · €726,443+€90,308

Largest movements

2024 to 2025
Assets
  • Cash +€82,360

    up €82,360 (+2,210%), from €3,726 to €86,086

    mainly Debts after one year (+€52,444) and Net result for the year (+€32,321)

Equity and liabilities
  • Debts after one year +€52,444

    up €52,444 (+7.8%), from €674,397 to €726,842

  • Profit (loss) carried forward +€32,321

    up €32,321 (+47.3%), from -€68,305 to -€35,984

  • Current portion of long-term debt +€16,063

    up €16,063 (+30.4%), from €52,846 to €68,909

  • Advances received -€13,448

    no longer reported in 2025 (was €13,448)

  • Tax, wage and social debts +€9,992

    up €9,992 (+276%), from €3,619 to €13,611

Income statement
  • Gross operating margin +€43,846

    up €43,846 (+153%), from €28,733 to €72,579

  • Taxes +€4,431

    new in 2025: €4,431

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€7,231
Gross operating margin +€43,846
Depreciation -€108
Other operating charges -€73
Financial income -€362
Financial charges +€681
Taxes -€4,431
Result 2025 €32,321
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€51,025
Investment -€31,136
Financing +€62,470
Cash 2024 €3,726
Net result for the year +€32,321
Depreciation +€24,600
Receivables within one year -€872
Deferred charges and accrued income -€542
Trade debts -€1,027
Tax, wage and social debts +€9,992
Advances received -€13,448
Investment in fixed assets (net) -€31,136
Debts after one year +€52,444
Current portion of long-term debt +€16,063
Short-term financial debts -€6,037
Cash 2025 €86,086
brings cash intakes cash out
Every line side by side 42 lines
Line Code 2024 2025 Change %
Total assets 20/58 €726,443 €816,751 +€90,308 +12.4%
Fixed assets 21/28 €719,353 €725,888 +€6,535 +0.9%
Tangible fixed assets 22/27 €719,353 €725,888 +€6,535 +0.9%
Land and buildings 22 €719,088 €725,712 +€6,624 +0.9%
Plant, machinery and equipment 23 €265 €177 -€88 -33.3%
Current assets 29/58 €7,090 €90,862 +€83,773 +1,182%
Amounts receivable within one year 40/41 €2,732 €3,603 +€872 +31.9%
Trade receivables 40 €2,668 €167 -€2,501 -93.7%
Other amounts receivable 41 €64 €3,437 +€3,373 +5,302%
Cash at bank and in hand 54/58 €3,726 €86,086 +€82,360 +2,210%
Deferred charges and accrued income 490/1 €632 €1,173 +€542 +85.7%
Total equity and liabilities 10/49 €726,443 €816,751 +€90,308 +12.4%
Equity 10/15 -€26,416 €5,905 +€32,321
Contributions 10/11 €18,600 €18,600 = 0.0%
Reserves 13 €23,289 €23,289 = 0.0%
Tax-exempt reserves 132 €12,399 €12,399 = 0.0%
Distributable reserves 133 €10,890 €10,890 = 0.0%
Profit (loss) carried forward 14 -€68,305 -€35,984 +€32,321 +47.3%
Amounts payable 17/49 €752,859 €810,845 +€57,987 +7.7%
Amounts payable after more than one year 17 €674,397 €726,842 +€52,444 +7.8%
Financial debts 170/4 €674,397 €726,842 +€52,444 +7.8%
Amounts payable within one year 42/48 €78,461 €84,004 +€5,542 +7.1%
Current portion of amounts payable after more than one year 42 €52,846 €68,909 +€16,063 +30.4%
Financial debts 43 €6,037 - -€6,037
Credit institutions 430/8 €6,037 - -€6,037
Trade debts 44 €2,510 €1,483 -€1,027 -40.9%
Suppliers 440/4 €2,510 €1,483 -€1,027 -40.9%
Advances received on contracts in progress 46 €13,448 - -€13,448
Taxes, remuneration and social security 45 €3,619 €13,611 +€9,992 +276%
Taxes 450/3 €3,619 €13,611 +€9,992 +276%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €24,492 €24,600 +€108 +0.4%
Other operating charges 640/8 €3,320 €3,393 +€73 +2.2%
Gross operating margin 9900 €28,733 €72,579 +€43,846 +153%
Operating profit (loss) 9901 €921 €44,586 +€43,665 +4,742%
Financial income 75/76B €363 €1 -€362 -99.8%
Recurring financial income 75 €363 €1 -€362 -99.8%
Financial charges 65/66B €8,515 €7,834 -€681 -8.0%
Recurring financial charges 65 €8,515 €7,834 -€681 -8.0%
Profit (loss) for the period before taxes 9903 -€7,231 €36,752 +€43,984
Income taxes 67/77 - €4,431 +€4,431
Profit (loss) for the period 9904 -€7,231 €32,321 +€39,553
Profit (loss) for the period to be appropriated 9905 -€7,231 €32,321 +€39,553

Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.