STEVABEL: 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.
What changed
STEVABEL
NACE 47.400, Retail sale of information and communication equipment
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€504,052
2024 · €95,167+€408,885
Equity
€1.3m
2024 · €927,257+€338,379
Cash
€359,925
2024 · €43,424+€316,501
Balance sheet total
€4.6m
2024 · €4.0m+€551,983
Largest movements
Assets
- Cash +€316,501
up €316,501 (+728.9%), from €43,424 to €359,925
mainly Net result for the year (+€504,052) and Other debts (+€335,051)
- Tangible fixed assets +€259,957
up €259,957 (+6.6%), from €3.9m to €4.2m
of which Land and buildings: +€283,830
Equity and liabilities
- Reserves +€338,379
up €338,379 (+36.9%), from €916,212 to €1.3m
of which Tax-exempt reserves: +€298,588
- Other debts +€335,051
up €335,051 (+3218.2%), from €10,411 to €345,463
- Debts after one year -€262,692
down €262,692 (-9.7%), from €2.7m to €2.4m
- Provisions +€99,529
new in 2025: €99,529
Income statement
- Gross operating margin +€578,506
up €578,506 (+142.8%), from €405,033 to €983,540
- Turnover +€430,000
new in 2025: €430,000
- Purchases and services +€107,630
new in 2025: €107,630
- Depreciation +€42,615
up €42,615 (+22.4%), from €190,511 to €233,126
- Taxes +€29,680
up €29,680 (+280.7%), from €10,574 to €40,254
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.
Result 2024
€95,167
Gross operating margin
+€578,506
Depreciation
-€42,615
Other operating charges
-€1,779
Other operating items
+€36,714
Financial income
-€21,873
Financial charges
-€10,859
Taxes
-€29,680
Deferred taxes and other
-€99,529
Result 2025
€504,052
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.
From operations
+€1.3m
Investment
-€493,083
Financing
-€443,714
Cash 2024
€43,424
From operations (derived)
+€1.3m
Net result for the year
+€504,052
Depreciation
+€233,126
Receivables within one year
+€25,587
Deferred charges and accrued income
-€1,112
Provisions
+€99,529
Trade debts
+€33,269
Tax, wage and social debts
+€32,687
Other debts
+€335,051
Accrued charges and deferred income
-€8,891
Investment (derived)
-€493,083
Investment in fixed assets (net)
-€493,083
Financing
-€443,714
Debts after one year
-€262,692
Current portion of long-term debt
-€15,476
Short-term financial debts
+€127
Contributions, distributions and other
-€165,673
Cash 2025
€359,925
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,019,118 | €4,571,100 | +€551,983 | +13.7% |
| Fixed assets | 21/28 | €3,938,013 | €4,197,971 | +€259,957 | +6.6% |
| Tangible fixed assets | 22/27 | €3,938,013 | €4,197,971 | +€259,957 | +6.6% |
| Land and buildings | 22 | €3,755,736 | €4,039,566 | +€283,830 | +7.6% |
| Plant, machinery and equipment | 23 | €11,453 | €16,436 | +€4,984 | +43.5% |
| Furniture and vehicles | 24 | - | €4,471 | +€4,471 | |
| Leasing and similar rights | 25 | €51,582 | €33,848 | -€17,734 | -34.4% |
| Other tangible fixed assets | 26 | €119,243 | €103,649 | -€15,594 | -13.1% |
| Current assets | 29/58 | €81,104 | €373,130 | +€292,025 | +360.1% |
| Amounts receivable within one year | 40/41 | €31,704 | €6,117 | -€25,587 | -80.7% |
| Trade receivables | 40 | €26,000 | €0 | -€26,000 | -100.0% |
| Other amounts receivable | 41 | €5,704 | €6,117 | +€413 | +7.2% |
| Cash at bank and in hand | 54/58 | €43,424 | €359,925 | +€316,501 | +728.9% |
| Deferred charges and accrued income | 490/1 | €5,976 | €7,088 | +€1,112 | +18.6% |
| Total equity and liabilities | 10/49 | €4,019,118 | €4,571,100 | +€551,983 | +13.7% |
| Equity | 10/15 | €927,257 | €1,265,636 | +€338,379 | +36.5% |
| Contributions | 10/11 | €11,045 | €11,045 | = | 0.0% |
| Reserves | 13 | €916,212 | €1,254,591 | +€338,379 | +36.9% |
| Non-distributable reserves | 130/1 | €1,104 | €1,104 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,104 | €1,104 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €298,588 | +€298,588 | |
| Distributable reserves | 133 | €915,108 | €954,898 | +€39,790 | +4.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €99,529 | +€99,529 | |
| Deferred taxes | 168 | - | €99,529 | +€99,529 | |
| Amounts payable | 17/49 | €3,091,861 | €3,205,935 | +€114,074 | +3.7% |
| Amounts payable after more than one year | 17 | €2,703,880 | €2,441,188 | -€262,692 | -9.7% |
| Financial debts | 170/4 | €2,703,880 | €2,441,188 | -€262,692 | -9.7% |
| Amounts payable within one year | 42/48 | €379,089 | €764,747 | +€385,657 | +101.7% |
| Current portion of amounts payable after more than one year | 42 | €274,207 | €258,730 | -€15,476 | -5.6% |
| Financial debts | 43 | - | €127 | +€127 | |
| Credit institutions | 430/8 | - | €127 | +€127 | |
| Trade debts | 44 | €83,898 | €117,166 | +€33,269 | +39.7% |
| Suppliers | 440/4 | €83,898 | €117,166 | +€33,269 | +39.7% |
| Taxes, remuneration and social security | 45 | €10,574 | €43,261 | +€32,687 | +309.1% |
| Taxes | 450/3 | €10,574 | €43,261 | +€32,687 | +309.1% |
| Other amounts payable | 47/48 | €10,411 | €345,463 | +€335,051 | +3218.2% |
| Accrued charges and deferred income | 492/3 | €8,891 | €0 | -€8,891 | -100.0% |
| Turnover | 70 | - | €430,000 | +€430,000 | |
| Non-recurring operating income | 76A | - | €414,209 | +€414,209 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €107,630 | +€107,630 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,511 | €233,126 | +€42,615 | +22.4% |
| Other operating charges | 640/8 | €7,133 | €8,912 | +€1,779 | +24.9% |
| Non-recurring operating charges | 66A | €36,714 | €0 | -€36,714 | -100.0% |
| Gross operating margin | 9900 | €405,033 | €983,540 | +€578,506 | +142.8% |
| Operating profit (loss) | 9901 | €170,676 | €741,502 | +€570,826 | +334.4% |
| Financial income | 75/76B | €22,097 | €224 | -€21,873 | -99.0% |
| Recurring financial income | 75 | €22,097 | €224 | -€21,873 | -99.0% |
| Financial charges | 65/66B | €87,033 | €97,891 | +€10,859 | +12.5% |
| Recurring financial charges | 65 | €87,033 | €97,891 | +€10,859 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €105,741 | €643,835 | +€538,094 | +508.9% |
| Transfer from deferred taxes | 780 | - | €4,023 | +€4,023 | |
| Transfer to deferred taxes | 680 | - | €103,552 | +€103,552 | |
| Income taxes | 67/77 | €10,574 | €40,254 | +€29,680 | +280.7% |
| Profit (loss) for the period | 9904 | €95,167 | €504,052 | +€408,885 | +429.6% |
| Transfer from tax-exempt reserves | 789 | - | €12,068 | +€12,068 | |
| Transfer to tax-exempt reserves | 689 | - | €310,656 | +€310,656 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,167 | €205,463 | +€110,296 | +115.9% |
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 11 October 2026 via checked.be.