JAN 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.
JAN STEVENS
Largest movements
- Tangible fixed assets -€13,347
down €13,347 (-23.6%), from €56,661 to €43,314
of which Furniture and vehicles: -€11,367
- Cash -€5,344
down €5,344 (-61.9%), from €8,638 to €3,294
mainly Net result for the year (-€13,160) and Debts after one year (-€5,300)
- Receivables within one year +€714
up €714 (+14.2%), from €5,038 to €5,752
of which Other amounts receivable: +€465
- Profit (loss) carried forward -€8,563
new in 2025: -€8,563
- Debts after one year -€5,300
down €5,300 (-85.4%), from €6,206 to €907
- Reserves -€4,597
down €4,597 (-10.9%), from €42,119 to €37,522
of which Distributable reserves: -€4,340
- Trade debts +€920
up €920 (+81.3%), from €1,132 to €2,052
- Current portion of long-term debt -€800
down €800 (-13.1%), from €6,100 to €5,300
- Gross operating margin -€18,390
down €18,390 (-89.3%), from €20,589 to €2,198
- Depreciation -€4,040
down €4,040 (-22.3%), from €18,129 to €14,090
- Taxes -€1,104
down €1,104 (-90.2%), from €1,224 to €120
- Financial charges -€513
down €513 (-50.9%), from €1,007 to €494
- Other operating charges -€368
down €368 (-34.0%), from €1,082 to €714
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 | €70,336 | €52,360 | -€17,976 | -25.6% |
| Fixed assets | 21/28 | €56,661 | €43,314 | -€13,347 | -23.6% |
| Tangible fixed assets | 22/27 | €56,661 | €43,314 | -€13,347 | -23.6% |
| Land and buildings | 22 | €7,669 | €6,437 | -€1,232 | -16.1% |
| Plant, machinery and equipment | 23 | €4,308 | €3,560 | -€748 | -17.4% |
| Furniture and vehicles | 24 | €44,684 | €33,316 | -€11,367 | -25.4% |
| Current assets | 29/58 | €13,676 | €9,046 | -€4,629 | -33.9% |
| Amounts receivable within one year | 40/41 | €5,038 | €5,752 | +€714 | +14.2% |
| Trade receivables | 40 | €4,620 | €4,869 | +€249 | +5.4% |
| Other amounts receivable | 41 | €418 | €883 | +€465 | +111% |
| Cash at bank and in hand | 54/58 | €8,638 | €3,294 | -€5,344 | -61.9% |
| Total equity and liabilities | 10/49 | €70,336 | €52,360 | -€17,976 | -25.6% |
| Equity | 10/15 | €44,619 | €31,459 | -€13,160 | -29.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €42,119 | €37,522 | -€4,597 | -10.9% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Legal reserve | 130 | €250 | €250 | = | 0.0% |
| Tax-exempt reserves | 132 | €258 | - | -€258 | |
| Distributable reserves | 133 | €41,612 | €37,272 | -€4,340 | -10.4% |
| Profit (loss) carried forward | 14 | - | -€8,563 | -€8,563 | |
| Amounts payable | 17/49 | €25,717 | €20,901 | -€4,816 | -18.7% |
| Amounts payable after more than one year | 17 | €6,206 | €907 | -€5,300 | -85.4% |
| Financial debts | 170/4 | €6,206 | €907 | -€5,300 | -85.4% |
| Amounts payable within one year | 42/48 | €19,511 | €19,994 | +€484 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €6,100 | €5,300 | -€800 | -13.1% |
| Trade debts | 44 | €1,132 | €2,052 | +€920 | +81.3% |
| Suppliers | 440/4 | €1,132 | €2,052 | +€920 | +81.3% |
| Taxes, remuneration and social security | 45 | €1,195 | €875 | -€319 | -26.7% |
| Taxes | 450/3 | €1,195 | €875 | -€319 | -26.7% |
| Other amounts payable | 47/48 | €11,084 | €11,767 | +€683 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,129 | €14,090 | -€4,040 | -22.3% |
| Other operating charges | 640/8 | €1,082 | €714 | -€368 | -34.0% |
| Gross operating margin | 9900 | €20,589 | €2,198 | -€18,390 | -89.3% |
| Operating profit (loss) | 9901 | €1,377 | -€12,605 | -€13,982 | |
| Financial income | 75/76B | €6 | €60 | +€53 | +843% |
| Recurring financial income | 75 | €6 | €60 | +€53 | +843% |
| Financial charges | 65/66B | €1,007 | €494 | -€513 | -50.9% |
| Recurring financial charges | 65 | €1,007 | €494 | -€513 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €376 | -€13,040 | -€13,416 | |
| Income taxes | 67/77 | €1,224 | €120 | -€1,104 | -90.2% |
| Profit (loss) for the period | 9904 | -€848 | -€13,160 | -€12,312 | -1,452% |
| Transfer from tax-exempt reserves | 789 | - | €258 | +€258 | |
| Profit (loss) for the period to be appropriated | 9905 | -€848 | -€12,902 | -€12,055 | -1,422% |
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 21 October 2026 via checked.be.