STEVA: 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.
STEVA
Largest movements
- Receivables within one year +€8,477
up €8,477 (+25.3%), from €33,484 to €41,961
of which Trade receivables: +€8,572
- Tangible fixed assets -€5,110
down €5,110 (-45.6%), from €11,197 to €6,087
- Cash -€1,202
down €1,202 (-21.9%), from €5,497 to €4,295
mainly Receivables within one year (-€8,477) and Net result for the year (-€5,820)
- Deferred charges and accrued income +€1,130
up €1,130 (+61.3%), from €1,844 to €2,974
- Other debts +€9,619
up €9,619 (+9.4%), from €101,916 to €111,535
- Profit (loss) carried forward -€5,820
down €5,820 (-8.7%), from -€66,794 to -€72,614
- Gross operating margin -€7,191
down €7,191 (-64.3%), from €11,183 to €3,992
- Taxes -€1,505
down €1,505 (-40.3%), from €3,737 to €2,231
- Depreciation +€977
up €977 (+23.6%), from €4,132 to €5,110
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.
Cash bridge derived
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 | €60,811 | €64,107 | +€3,296 | +5.4% |
| Fixed assets | 21/28 | €19,987 | €14,877 | -€5,110 | -25.6% |
| Tangible fixed assets | 22/27 | €11,197 | €6,087 | -€5,110 | -45.6% |
| Furniture and vehicles | 24 | €11,197 | €6,087 | -€5,110 | -45.6% |
| Financial fixed assets | 28 | €8,790 | €8,790 | = | 0.0% |
| Current assets | 29/58 | €40,825 | €49,230 | +€8,406 | +20.6% |
| Amounts receivable within one year | 40/41 | €33,484 | €41,961 | +€8,477 | +25.3% |
| Trade receivables | 40 | €33,221 | €41,792 | +€8,572 | +25.8% |
| Other amounts receivable | 41 | €263 | €169 | -€95 | -35.9% |
| Cash at bank and in hand | 54/58 | €5,497 | €4,295 | -€1,202 | -21.9% |
| Deferred charges and accrued income | 490/1 | €1,844 | €2,974 | +€1,130 | +61.3% |
| Total equity and liabilities | 10/49 | €60,811 | €64,107 | +€3,296 | +5.4% |
| Equity | 10/15 | -€46,343 | -€52,163 | -€5,820 | -12.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,794 | -€72,614 | -€5,820 | -8.7% |
| Amounts payable | 17/49 | €107,154 | €116,270 | +€9,116 | +8.5% |
| Amounts payable within one year | 42/48 | €107,154 | €116,270 | +€9,116 | +8.5% |
| Trade debts | 44 | €3,953 | €4,049 | +€95 | +2.4% |
| Suppliers | 440/4 | €3,953 | €4,049 | +€95 | +2.4% |
| Taxes, remuneration and social security | 45 | €1,285 | €687 | -€598 | -46.6% |
| Taxes | 450/3 | €1,285 | €687 | -€598 | -46.6% |
| Other amounts payable | 47/48 | €101,916 | €111,535 | +€9,619 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,132 | €5,110 | +€977 | +23.6% |
| Other operating charges | 640/8 | €1,879 | €1,939 | +€59 | +3.2% |
| Non-recurring operating charges | 66A | €45 | €386 | +€341 | +758.4% |
| Gross operating margin | 9900 | €11,183 | €3,992 | -€7,191 | -64.3% |
| Operating profit (loss) | 9901 | €5,126 | -€3,443 | -€8,569 | |
| Financial charges | 65/66B | €196 | €146 | -€49 | -25.2% |
| Recurring financial charges | 65 | €196 | €146 | -€49 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €4,930 | -€3,589 | -€8,519 | |
| Income taxes | 67/77 | €3,737 | €2,231 | -€1,505 | -40.3% |
| Profit (loss) for the period | 9904 | €1,193 | -€5,820 | -€7,014 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,193 | -€5,820 | -€7,014 |
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 9 October 2026 via checked.be.