FIRMA 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.
FIRMA STEVENS
Largest movements
- Receivables within one year +€202,366
up €202,366 (+86.8%), from €233,178 to €435,544
of which Trade receivables: +€203,831
- Cash -€121,592
down €121,592 (-21.4%), from €568,981 to €447,389
mainly Receivables within one year (-€202,366) and Stocks and contracts (-€75,000)
- Stocks and contracts +€75,000
up €75,000 (+492%), from €15,250 to €90,250
- Tangible fixed assets -€27,554
down €27,554 (-22.8%), from €120,795 to €93,241
of which Furniture and vehicles: -€22,872
- Trade debts +€68,849
up €68,849 (+789%), from €8,722 to €77,571
- Reserves +€59,013
up €59,013 (+6.8%), from €864,904 to €923,917
of which Distributable reserves: +€59,013
- Gross operating margin +€61,110
up €61,110 (+41.0%), from €149,156 to €210,266
- Financial income -€27,149
down €27,149 (-99.8%), from €27,193 to €44
of which Non-recurring financial income: -€27,000
- Taxes +€11,460
up €11,460 (+97.2%), from €11,787 to €23,247
- Staff costs +€6,141
up €6,141 (+7.1%), from €86,564 to €92,705
- Financial charges -€3,685
down €3,685 (-37.2%), from €9,900 to €6,215
of which Non-recurring financial charges: -€3,569
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 | €938,204 | €1,066,424 | +€128,220 | +13.7% |
| Fixed assets | 21/28 | €120,795 | €93,241 | -€27,554 | -22.8% |
| Tangible fixed assets | 22/27 | €120,795 | €93,241 | -€27,554 | -22.8% |
| Land and buildings | 22 | €3,908 | €3,077 | -€831 | -21.3% |
| Plant, machinery and equipment | 23 | €29,856 | €26,005 | -€3,851 | -12.9% |
| Furniture and vehicles | 24 | €87,031 | €64,159 | -€22,872 | -26.3% |
| Current assets | 29/58 | €817,409 | €973,183 | +€155,774 | +19.1% |
| Stocks and contracts in progress | 3 | €15,250 | €90,250 | +€75,000 | +492% |
| Stocks | 30/36 | €15,250 | €90,250 | +€75,000 | +492% |
| Amounts receivable within one year | 40/41 | €233,178 | €435,544 | +€202,366 | +86.8% |
| Trade receivables | 40 | €204,982 | €408,813 | +€203,831 | +99.4% |
| Other amounts receivable | 41 | €28,196 | €26,731 | -€1,465 | -5.2% |
| Cash at bank and in hand | 54/58 | €568,981 | €447,389 | -€121,592 | -21.4% |
| Total equity and liabilities | 10/49 | €938,204 | €1,066,424 | +€128,220 | +13.7% |
| Equity | 10/15 | €883,504 | €942,517 | +€59,013 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €864,904 | €923,917 | +€59,013 | +6.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €863,044 | €922,057 | +€59,013 | +6.8% |
| Amounts payable | 17/49 | €54,700 | €123,907 | +€69,207 | +127% |
| Amounts payable within one year | 42/48 | €54,700 | €123,907 | +€69,207 | +127% |
| Current portion of amounts payable after more than one year | 42 | €23,177 | €22,916 | -€261 | -1.1% |
| Trade debts | 44 | €8,722 | €77,571 | +€68,849 | +789% |
| Suppliers | 440/4 | €8,722 | €77,571 | +€68,849 | +789% |
| Taxes, remuneration and social security | 45 | €15,517 | €17,237 | +€1,720 | +11.1% |
| Remuneration and social security | 454/9 | €15,517 | €17,237 | +€1,720 | +11.1% |
| Other amounts payable | 47/48 | €7,284 | €6,183 | -€1,101 | -15.1% |
| Remuneration, social security and pensions | 62 | €86,564 | €92,705 | +€6,141 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,386 | €27,554 | -€832 | -2.9% |
| Other operating charges | 640/8 | €1,053 | €1,576 | +€523 | +49.7% |
| Gross operating margin | 9900 | €149,156 | €210,266 | +€61,110 | +41.0% |
| Operating profit (loss) | 9901 | €33,153 | €88,431 | +€55,278 | +167% |
| Financial income | 75/76B | €27,193 | €44 | -€27,149 | -99.8% |
| Recurring financial income | 75 | €193 | €44 | -€149 | -77.2% |
| Non-recurring financial income | 76B | €27,000 | - | -€27,000 | |
| Financial charges | 65/66B | €9,900 | €6,215 | -€3,685 | -37.2% |
| Recurring financial charges | 65 | €2,551 | €2,435 | -€116 | -4.5% |
| Non-recurring financial charges | 66B | €7,349 | €3,780 | -€3,569 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €50,446 | €82,260 | +€31,814 | +63.1% |
| Income taxes | 67/77 | €11,787 | €23,247 | +€11,460 | +97.2% |
| Profit (loss) for the period | 9904 | €38,659 | €59,013 | +€20,354 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,659 | €59,013 | +€20,354 | +52.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.