STEV: 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.
STEV
Largest movements
- Tangible fixed assets -€8,800
down €8,800 (-8.2%), from €106,685 to €97,885
- Cash -€6,421
down €6,421 (-100%), from €6,421 to €0
mainly Debts after one year (-€81,969) and Net result for the year (-€21,419)
- Deferred charges and accrued income -€2,149
down €2,149 (-100%), from €2,149 to €0
- Stocks and contracts -€1,972
down €1,972 (-100%), from €1,972 to €0
- Debts after one year -€81,969
down €81,969 (-100%), from €81,969 to €0
- Current portion of long-term debt +€70,846
up €70,846 (+659%), from €10,753 to €81,599
- Profit (loss) carried forward -€21,419
down €21,419, from €3,352 to -€18,067
- Other debts +€15,710
up €15,710 (+648%), from €2,424 to €18,134
- Tax, wage and social debts -€3,555
down €3,555 (-96.8%), from €3,673 to €118
- Gross operating margin -€24,653
down €24,653, from €18,065 to -€6,589
- Financial charges -€1,565
down €1,565 (-25.7%), from €6,093 to €4,528
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 | €117,245 | €98,467 | -€18,778 | -16.0% |
| Fixed assets | 21/28 | €106,685 | €97,885 | -€8,800 | -8.2% |
| Tangible fixed assets | 22/27 | €106,685 | €97,885 | -€8,800 | -8.2% |
| Land and buildings | 22 | €106,685 | €97,885 | -€8,800 | -8.2% |
| Current assets | 29/58 | €10,560 | €582 | -€9,978 | -94.5% |
| Stocks and contracts in progress | 3 | €1,972 | €0 | -€1,972 | -100% |
| Stocks | 30/36 | €1,972 | €0 | -€1,972 | -100% |
| Amounts receivable within one year | 40/41 | €17 | €582 | +€565 | +3,267% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €17 | €582 | +€565 | +3,267% |
| Cash at bank and in hand | 54/58 | €6,421 | €0 | -€6,421 | -100% |
| Deferred charges and accrued income | 490/1 | €2,149 | €0 | -€2,149 | -100% |
| Total equity and liabilities | 10/49 | €117,245 | €98,467 | -€18,778 | -16.0% |
| Equity | 10/15 | €15,752 | -€5,667 | -€21,419 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,352 | -€18,067 | -€21,419 | |
| Amounts payable | 17/49 | €101,493 | €104,134 | +€2,642 | +2.6% |
| Amounts payable after more than one year | 17 | €81,969 | €0 | -€81,969 | -100% |
| Financial debts | 170/4 | €81,969 | €0 | -€81,969 | -100% |
| Amounts payable within one year | 42/48 | €19,524 | €104,134 | +€84,611 | +433% |
| Current portion of amounts payable after more than one year | 42 | €10,753 | €81,599 | +€70,846 | +659% |
| Financial debts | 43 | €32 | €3,239 | +€3,207 | +10,032% |
| Credit institutions | 430/8 | €32 | €3,239 | +€3,207 | +10,032% |
| Trade debts | 44 | €2,641 | €1,043 | -€1,598 | -60.5% |
| Suppliers | 440/4 | €2,641 | €1,043 | -€1,598 | -60.5% |
| Taxes, remuneration and social security | 45 | €3,673 | €118 | -€3,555 | -96.8% |
| Taxes | 450/3 | €3,673 | €118 | -€3,555 | -96.8% |
| Other amounts payable | 47/48 | €2,424 | €18,134 | +€15,710 | +648% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,800 | €8,800 | = | 0.0% |
| Other operating charges | 640/8 | €1,397 | €1,502 | +€106 | +7.6% |
| Non-recurring operating charges | 66A | €3,435 | €0 | -€3,435 | -100% |
| Gross operating margin | 9900 | €18,065 | -€6,589 | -€24,653 | |
| Operating profit (loss) | 9901 | €4,433 | -€16,891 | -€21,324 | |
| Financial charges | 65/66B | €6,093 | €4,528 | -€1,565 | -25.7% |
| Recurring financial charges | 65 | €6,093 | €4,528 | -€1,565 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,660 | -€21,419 | -€19,759 | -1,190% |
| Income taxes | 67/77 | €118 | €0 | -€118 | -100% |
| Profit (loss) for the period | 9904 | -€1,779 | -€21,419 | -€19,641 | -1,104% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,779 | -€21,419 | -€19,641 | -1,104% |
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 14 October 2026 via checked.be.