BEN STEVENS SERVICES: 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.
BEN STEVENS SERVICES
Largest movements
- Cash -€165,867
down €165,867 (-35.7%), from €464,592 to €298,724
mainly Contributions, distributions and other (-€142,683) and Current investments (-€140,000)
- Current investments +€140,000
new in 2025: €140,000
- Receivables after one year -€103,152
no longer reported in 2025 (was €103,152)
- Tangible fixed assets -€48,315
down €48,315 (-9.0%), from €539,578 to €491,263
of which Land and buildings: -€35,859
- Reserves -€145,482
down €145,482 (-14.5%), from €1.0m to €857,681
of which Distributable reserves: -€134,281
- Short-term financial debts -€24,000
down €24,000 (-66.7%), from €36,000 to €12,000
- Gross operating margin -€116,923
down €116,923 (-71.5%), from €163,571 to €46,648
- Taxes -€15,605
down €15,605 (-71.8%), from €21,738 to €6,134
- Financial income +€5,755
up €5,755 (+106%), from €5,415 to €11,171
- Other operating charges +€4,397
up €4,397 (+246%), from €1,784 to €6,181
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 | €1,146,750 | €967,141 | -€179,610 | -15.7% |
| Fixed assets | 21/28 | €539,578 | €491,263 | -€48,315 | -9.0% |
| Tangible fixed assets | 22/27 | €539,578 | €491,263 | -€48,315 | -9.0% |
| Land and buildings | 22 | €488,358 | €452,499 | -€35,859 | -7.3% |
| Plant, machinery and equipment | 23 | €2,189 | €2,104 | -€85 | -3.9% |
| Furniture and vehicles | 24 | €49,031 | €36,660 | -€12,371 | -25.2% |
| Current assets | 29/58 | €607,173 | €475,878 | -€131,295 | -21.6% |
| Amounts receivable after more than one year | 29 | €103,152 | - | -€103,152 | |
| Other amounts receivable | 291 | €103,152 | - | -€103,152 | |
| Amounts receivable within one year | 40/41 | €36,271 | €33,698 | -€2,573 | -7.1% |
| Trade receivables | 40 | €16,019 | €16,019 | = | 0.0% |
| Other amounts receivable | 41 | €20,252 | €17,679 | -€2,573 | -12.7% |
| Current investments | 50/53 | - | €140,000 | +€140,000 | |
| Cash at bank and in hand | 54/58 | €464,592 | €298,724 | -€165,867 | -35.7% |
| Deferred charges and accrued income | 490/1 | €3,158 | €3,455 | +€297 | +9.4% |
| Total equity and liabilities | 10/49 | €1,146,750 | €967,141 | -€179,610 | -15.7% |
| Equity | 10/15 | €1,021,763 | €876,281 | -€145,482 | -14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,003,163 | €857,681 | -€145,482 | -14.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €204,873 | €193,672 | -€11,202 | -5.5% |
| Distributable reserves | 133 | €796,430 | €662,149 | -€134,281 | -16.9% |
| Provisions and deferred taxes | 16 | €66,542 | €62,808 | -€3,734 | -5.6% |
| Deferred taxes | 168 | €66,542 | €62,808 | -€3,734 | -5.6% |
| Amounts payable | 17/49 | €58,445 | €28,052 | -€30,393 | -52.0% |
| Amounts payable within one year | 42/48 | €58,445 | €28,052 | -€30,393 | -52.0% |
| Financial debts | 43 | €36,000 | €12,000 | -€24,000 | -66.7% |
| Credit institutions | 430/8 | €36,000 | €12,000 | -€24,000 | -66.7% |
| Trade debts | 44 | €4,084 | €5,578 | +€1,494 | +36.6% |
| Suppliers | 440/4 | €4,084 | €5,578 | +€1,494 | +36.6% |
| Taxes, remuneration and social security | 45 | €18,361 | €7,368 | -€10,993 | -59.9% |
| Taxes | 450/3 | €18,311 | €7,298 | -€11,013 | -60.1% |
| Remuneration and social security | 454/9 | €50 | €70 | +€20 | +40.3% |
| Other amounts payable | 47/48 | - | €3,105 | +€3,105 | |
| Non-recurring operating income | 76A | €107,817 | - | -€107,817 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,735 | €50,319 | -€416 | -0.8% |
| Other operating charges | 640/8 | €1,784 | €6,181 | +€4,397 | +246% |
| Gross operating margin | 9900 | €163,571 | €46,648 | -€116,923 | -71.5% |
| Operating profit (loss) | 9901 | €111,052 | -€9,852 | -€120,904 | |
| Financial income | 75/76B | €5,415 | €11,171 | +€5,755 | +106% |
| Recurring financial income | 75 | €5,415 | €11,171 | +€5,755 | +106% |
| Financial charges | 65/66B | €3,270 | €1,719 | -€1,551 | -47.4% |
| Recurring financial charges | 65 | €3,270 | €1,719 | -€1,551 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €113,198 | -€400 | -€113,597 | |
| Transfer from deferred taxes | 780 | €3,734 | €3,734 | = | 0.0% |
| Transfer to deferred taxes | 680 | €107,817 | - | -€107,817 | |
| Income taxes | 67/77 | €21,738 | €6,134 | -€15,605 | -71.8% |
| Profit (loss) for the period | 9904 | -€12,624 | -€2,799 | +€9,824 | +77.8% |
| Transfer from tax-exempt reserves | 789 | €46,492 | €11,202 | -€35,290 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,868 | €8,402 | -€25,466 | -75.2% |
Source: filed annual accounts (NBB), financial years ended 29 September 2024 and 29 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.