Stenvest BV: 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.
Stenvest BV
Largest movements
- Receivables after one year -€75,000
down €75,000 (-50.0%), from €149,950 to €74,950
- Debts after one year -€75,000
down €75,000 (-3.5%), from €2.1m to €2.1m
of which Other amounts payable: -€560,000
- Profit (loss) carried forward -€44,712
down €44,712 (-18.1%), from -€247,258 to -€291,969
- Accrued charges and deferred income +€36,750
up €36,750 (+27.5%), from €133,413 to €170,163
- Financial charges -€8,889
down €8,889 (-15.1%), from €58,976 to €50,087
- Financial income -€3,689
down €3,689 (-28.1%), from €13,111 to €9,422
- Gross operating margin -€171
down €171 (-6.2%), from -€2,758 to -€2,929
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,577,440 | €2,494,418 | -€83,022 | -3.2% |
| Fixed assets | 21/28 | €2,277,950 | €2,277,950 | = | 0.0% |
| Financial fixed assets | 28 | €2,277,950 | €2,277,950 | = | 0.0% |
| Current assets | 29/58 | €299,490 | €216,468 | -€83,022 | -27.7% |
| Amounts receivable after more than one year | 29 | €149,950 | €74,950 | -€75,000 | -50.0% |
| Other amounts receivable | 291 | €149,950 | €74,950 | -€75,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €98,240 | €80,740 | -€17,500 | -17.8% |
| Other amounts receivable | 41 | €98,240 | €80,740 | -€17,500 | -17.8% |
| Cash at bank and in hand | 54/58 | €4,902 | €4,957 | +€56 | +1.1% |
| Deferred charges and accrued income | 490/1 | €46,398 | €55,821 | +€9,422 | +20.3% |
| Total equity and liabilities | 10/49 | €2,577,440 | €2,494,418 | -€83,022 | -3.2% |
| Equity | 10/15 | €170,542 | €125,831 | -€44,712 | -26.2% |
| Contributions | 10/11 | €417,800 | €417,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€247,258 | -€291,969 | -€44,712 | -18.1% |
| Amounts payable | 17/49 | €2,406,897 | €2,368,587 | -€38,310 | -1.6% |
| Amounts payable after more than one year | 17 | €2,137,500 | €2,062,500 | -€75,000 | -3.5% |
| Financial debts | 170/4 | €1,577,500 | €2,062,500 | +€485,000 | +30.7% |
| Other amounts payable | 178/9 | €560,000 | - | -€560,000 | |
| Amounts payable within one year | 42/48 | €135,985 | €135,925 | -€60 | 0.0% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Other amounts payable | 47/48 | €60,985 | €60,925 | -€60 | -0.1% |
| Accrued charges and deferred income | 492/3 | €133,413 | €170,163 | +€36,750 | +27.5% |
| Other operating charges | 640/8 | €1,119 | €1,118 | -€0 | 0.0% |
| Gross operating margin | 9900 | -€2,758 | -€2,929 | -€171 | -6.2% |
| Operating profit (loss) | 9901 | -€3,877 | -€4,047 | -€170 | -4.4% |
| Financial income | 75/76B | €13,111 | €9,422 | -€3,689 | -28.1% |
| Recurring financial income | 75 | €13,111 | €9,422 | -€3,689 | -28.1% |
| Financial charges | 65/66B | €58,976 | €50,087 | -€8,889 | -15.1% |
| Recurring financial charges | 65 | €58,976 | €50,087 | -€8,889 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | -€49,742 | -€44,712 | +€5,030 | +10.1% |
| Profit (loss) for the period | 9904 | -€49,742 | -€44,712 | +€5,030 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,742 | -€44,712 | +€5,030 | +10.1% |
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.