ANTWERPSE STEVENDOKKEN: what changed
ANTWERPSE STEVENDOKKEN
Largest movements
- Current investments +€564,529
up €564,529 (+75.2%), from €750,962 to €1.3m
- Tangible fixed assets -€130,679
down €130,679 (-9.0%), from €1.5m to €1.3m
of which Plant, machinery and equipment: -€120,061
- Cash -€121,560
down €121,560 (-32.7%), from €371,325 to €249,765
mainly Current investments (-€564,529) and Debts after one year (-€110,000)
- Receivables within one year -€107,852
down €107,852 (-7.4%), from €1.5m to €1.4m
of which Trade receivables: -€179,750
- Profit (loss) carried forward +€301,788
up €301,788 (+10.2%), from €2.9m to €3.3m
- Trade debts +€145,601
up €145,601 (+122%), from €119,361 to €264,961
- Debts after one year -€110,000
down €110,000 (-19.4%), from €568,333 to €458,333
- Tax, wage and social debts -€79,634
down €79,634 (-45.4%), from €175,370 to €95,736
of which Taxes: -€59,934
- Other debts -€60,518
down €60,518 (-100%), from €60,518 to €0
- Gross operating margin -€133,312
down €133,312 (-18.2%), from €732,582 to €599,270
- Taxes -€30,888
down €30,888 (-22.2%), from €138,996 to €108,108
- Financial income +€26,732
up €26,732 (+125%), from €21,430 to €48,162
- Write-downs +€15,320
up €15,320, from -€15,320 to €0
- Other operating charges -€8,500
down €8,500 (-16.9%), from €50,350 to €41,850
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 | €4,050,554 | €4,247,792 | +€197,237 | +4.9% |
| Fixed assets | 21/28 | €1,458,062 | €1,327,383 | -€130,679 | -9.0% |
| Tangible fixed assets | 22/27 | €1,458,062 | €1,327,383 | -€130,679 | -9.0% |
| Plant, machinery and equipment | 23 | €1,418,126 | €1,298,065 | -€120,061 | -8.5% |
| Furniture and vehicles | 24 | €39,937 | €29,318 | -€10,619 | -26.6% |
| Current assets | 29/58 | €2,592,492 | €2,920,409 | +€327,917 | +12.6% |
| Amounts receivable within one year | 40/41 | €1,463,005 | €1,355,153 | -€107,852 | -7.4% |
| Trade receivables | 40 | €903,851 | €724,101 | -€179,750 | -19.9% |
| Other amounts receivable | 41 | €559,154 | €631,052 | +€71,898 | +12.9% |
| Current investments | 50/53 | €750,962 | €1,315,491 | +€564,529 | +75.2% |
| Cash at bank and in hand | 54/58 | €371,325 | €249,765 | -€121,560 | -32.7% |
| Deferred charges and accrued income | 490/1 | €7,200 | €0 | -€7,200 | -100% |
| Total equity and liabilities | 10/49 | €4,050,554 | €4,247,792 | +€197,237 | +4.9% |
| Equity | 10/15 | €3,016,973 | €3,318,762 | +€301,788 | +10.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,948,773 | €3,250,562 | +€301,788 | +10.2% |
| Amounts payable | 17/49 | €1,033,581 | €929,030 | -€104,551 | -10.1% |
| Amounts payable after more than one year | 17 | €568,333 | €458,333 | -€110,000 | -19.4% |
| Financial debts | 170/4 | €568,333 | €458,333 | -€110,000 | -19.4% |
| Amounts payable within one year | 42/48 | €465,248 | €470,697 | +€5,449 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €110,000 | €110,000 | = | 0.0% |
| Trade debts | 44 | €119,361 | €264,961 | +€145,601 | +122% |
| Suppliers | 440/4 | €119,361 | €264,961 | +€145,601 | +122% |
| Taxes, remuneration and social security | 45 | €175,370 | €95,736 | -€79,634 | -45.4% |
| Taxes | 450/3 | €148,812 | €88,878 | -€59,934 | -40.3% |
| Remuneration and social security | 454/9 | €26,558 | €6,858 | -€19,700 | -74.2% |
| Other amounts payable | 47/48 | €60,518 | €0 | -€60,518 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,791 | €186,780 | +€989 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,320 | €0 | +€15,320 | |
| Other operating charges | 640/8 | €50,350 | €41,850 | -€8,500 | -16.9% |
| Gross operating margin | 9900 | €732,582 | €599,270 | -€133,312 | -18.2% |
| Operating profit (loss) | 9901 | €511,762 | €370,640 | -€141,122 | -27.6% |
| Financial income | 75/76B | €21,430 | €48,162 | +€26,732 | +125% |
| Recurring financial income | 75 | €21,430 | €48,162 | +€26,732 | +125% |
| Financial charges | 65/66B | €10,374 | €8,905 | -€1,469 | -14.2% |
| Recurring financial charges | 65 | €10,374 | €8,905 | -€1,469 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €522,818 | €409,897 | -€112,921 | -21.6% |
| Income taxes | 67/77 | €138,996 | €108,108 | -€30,888 | -22.2% |
| Profit (loss) for the period | 9904 | €383,822 | €301,788 | -€82,034 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €383,822 | €301,788 | -€82,034 | -21.4% |
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 1 November 2026 via checked.be.