ATS STEVENS: 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.
ATS STEVENS
Largest movements
- Cash +€124,267
up €124,267 (+18.8%), from €661,517 to €785,784
mainly Net result for the year (+€187,587) and Other debts (+€110,687)
- Receivables within one year -€53,661
down €53,661 (-18.0%), from €298,552 to €244,892
of which Other amounts receivable: -€41,242
- Tangible fixed assets -€40,479
down €40,479 (-38.2%), from €106,047 to €65,568
of which Furniture and vehicles: -€32,374
- Other debts +€110,687
up €110,687 (+18.4%), from €602,054 to €712,741
- Trade debts -€73,972
down €73,972 (-34.5%), from €214,582 to €140,609
- Debts after one year -€59,998
down €59,998 (-89.8%), from €66,808 to €6,810
- Reserves +€42,587
up €42,587 (+28.0%), from €151,961 to €194,548
- Staff costs -€79,321
down €79,321 (-11.7%), from €676,332 to €597,011
- Depreciation -€22,809
down €22,809 (-34.4%), from €66,211 to €43,401
- Other operating charges -€20,346
down €20,346 (-80.1%), from €25,416 to €5,069
- Gross operating margin +€15,440
up €15,440 (+1.9%), from €826,489 to €841,929
- Taxes -€9,239
down €9,239 (-33.1%), from €27,917 to €18,678
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.
Derived cash bridge
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 | €1,191,198 | €1,209,348 | +€18,149 | +1.5% |
| Fixed assets | 21/28 | €106,047 | €65,568 | -€40,479 | -38.2% |
| Tangible fixed assets | 22/27 | €106,047 | €65,568 | -€40,479 | -38.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €17,450 | €13,261 | -€4,189 | -24.0% |
| Furniture and vehicles | 24 | €76,670 | €44,296 | -€32,374 | -42.2% |
| Other tangible fixed assets | 26 | €11,927 | €8,011 | -€3,916 | -32.8% |
| Current assets | 29/58 | €1,085,151 | €1,143,780 | +€58,628 | +5.4% |
| Stocks and contracts in progress | 3 | €81,074 | €74,052 | -€7,022 | -8.7% |
| Stocks | 30/36 | €81,074 | €74,052 | -€7,022 | -8.7% |
| Amounts receivable within one year | 40/41 | €298,552 | €244,892 | -€53,661 | -18.0% |
| Trade receivables | 40 | €256,120 | €243,701 | -€12,419 | -4.8% |
| Other amounts receivable | 41 | €42,432 | €1,191 | -€41,242 | -97.2% |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €661,517 | €785,784 | +€124,267 | +18.8% |
| Deferred charges and accrued income | 490/1 | €14,008 | €9,052 | -€4,956 | -35.4% |
| Total equity and liabilities | 10/49 | €1,191,198 | €1,209,348 | +€18,149 | +1.5% |
| Equity | 10/15 | €170,561 | €213,148 | +€42,587 | +25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €151,961 | €194,548 | +€42,587 | +28.0% |
| Distributable reserves | 133 | €151,961 | €194,548 | +€42,587 | +28.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,020,637 | €996,200 | -€24,437 | -2.4% |
| Amounts payable after more than one year | 17 | €66,808 | €6,810 | -€59,998 | -89.8% |
| Financial debts | 170/4 | €66,808 | €6,810 | -€59,998 | -89.8% |
| Amounts payable within one year | 42/48 | €953,829 | €989,390 | +€35,561 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €68,939 | €59,998 | -€8,941 | -13.0% |
| Trade debts | 44 | €214,582 | €140,609 | -€73,972 | -34.5% |
| Suppliers | 440/4 | €214,582 | €140,609 | -€73,972 | -34.5% |
| Taxes, remuneration and social security | 45 | €68,254 | €76,041 | +€7,787 | +11.4% |
| Taxes | 450/3 | €16,643 | €28,260 | +€11,616 | +69.8% |
| Remuneration and social security | 454/9 | €51,611 | €47,782 | -€3,829 | -7.4% |
| Other amounts payable | 47/48 | €602,054 | €712,741 | +€110,687 | +18.4% |
| Non-recurring operating income | 76A | €3,122 | €10,157 | +€7,035 | +225% |
| Remuneration, social security and pensions | 62 | €676,332 | €597,011 | -€79,321 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,211 | €43,401 | -€22,809 | -34.4% |
| Other operating charges | 640/8 | €25,416 | €5,069 | -€20,346 | -80.1% |
| Non-recurring operating charges | 66A | €8,365 | €0 | -€8,365 | -100% |
| Gross operating margin | 9900 | €826,489 | €841,929 | +€15,440 | +1.9% |
| Operating profit (loss) | 9901 | €50,166 | €196,448 | +€146,282 | +292% |
| Financial income | 75/76B | €25,747 | €22,677 | -€3,070 | -11.9% |
| Recurring financial income | 75 | €25,747 | €22,677 | -€3,070 | -11.9% |
| Financial charges | 65/66B | €11,532 | €12,860 | +€1,328 | +11.5% |
| Recurring financial charges | 65 | €11,532 | €12,860 | +€1,328 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €64,381 | €206,264 | +€141,883 | +220% |
| Income taxes | 67/77 | €27,917 | €18,678 | -€9,239 | -33.1% |
| Profit (loss) for the period | 9904 | €36,465 | €187,587 | +€151,122 | +414% |
| Profit (loss) for the period to be appropriated | 9905 | €36,465 | €187,587 | +€151,122 | +414% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.