STEVAD CONSULTING: 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.
STEVAD CONSULTING
Largest movements
- Cash -€22,115
down €22,115 (-22.4%), from €98,651 to €76,536
mainly Other debts (-€64,774) and Investment in fixed assets (net) (-€4,636)
- Receivables within one year -€8,074
down €8,074 (-18.0%), from €44,762 to €36,688
of which Trade receivables: -€12,074
- Tangible fixed assets +€3,231
up €3,231 (+225%), from €1,436 to €4,667
of which Other tangible fixed assets: +€2,226
- Deferred charges and accrued income +€2,494
up €2,494 (+109%), from €2,282 to €4,777
- Other debts -€64,774
down €64,774 (-53.4%), from €121,365 to €56,591
- Reserves +€42,077
up €42,077 (+93,338%), from €45 to €42,122
- Accrued charges and deferred income -€1,584
no longer reported in 2025 (was €1,584)
- Gross operating margin -€36,057
down €36,057 (-37.2%), from €97,044 to €60,987
- Taxes -€6,990
down €6,990 (-37.2%), from €18,792 to €11,802
- Financial charges -€2,715
down €2,715 (-46.7%), from €5,815 to €3,100
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 | €147,131 | €122,667 | -€24,464 | -16.6% |
| Fixed assets | 21/28 | €1,436 | €4,667 | +€3,231 | +225% |
| Tangible fixed assets | 22/27 | €1,436 | €4,667 | +€3,231 | +225% |
| Plant, machinery and equipment | 23 | €1,436 | €2,441 | +€1,005 | +69.9% |
| Other tangible fixed assets | 26 | - | €2,226 | +€2,226 | |
| Current assets | 29/58 | €145,695 | €118,000 | -€27,695 | -19.0% |
| Amounts receivable within one year | 40/41 | €44,762 | €36,688 | -€8,074 | -18.0% |
| Trade receivables | 40 | €38,553 | €26,480 | -€12,074 | -31.3% |
| Other amounts receivable | 41 | €6,208 | €10,208 | +€4,000 | +64.4% |
| Cash at bank and in hand | 54/58 | €98,651 | €76,536 | -€22,115 | -22.4% |
| Deferred charges and accrued income | 490/1 | €2,282 | €4,777 | +€2,494 | +109% |
| Total equity and liabilities | 10/49 | €147,131 | €122,667 | -€24,464 | -16.6% |
| Equity | 10/15 | €5,045 | €47,122 | +€42,077 | +834% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €45 | €42,122 | +€42,077 | +93,338% |
| Distributable reserves | 133 | €45 | €42,122 | +€42,077 | +93,338% |
| Amounts payable | 17/49 | €142,086 | €75,545 | -€66,541 | -46.8% |
| Amounts payable within one year | 42/48 | €140,502 | €75,545 | -€64,957 | -46.2% |
| Trade debts | 44 | €9,315 | €8,281 | -€1,035 | -11.1% |
| Suppliers | 440/4 | €9,315 | €8,281 | -€1,035 | -11.1% |
| Taxes, remuneration and social security | 45 | €9,822 | €10,674 | +€851 | +8.7% |
| Taxes | 450/3 | €9,822 | €10,674 | +€851 | +8.7% |
| Other amounts payable | 47/48 | €121,365 | €56,591 | -€64,774 | -53.4% |
| Accrued charges and deferred income | 492/3 | €1,584 | - | -€1,584 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,018 | €1,405 | +€388 | +38.1% |
| Other operating charges | 640/8 | €2,353 | €2,603 | +€251 | +10.6% |
| Gross operating margin | 9900 | €97,044 | €60,987 | -€36,057 | -37.2% |
| Operating profit (loss) | 9901 | €93,674 | €56,979 | -€36,695 | -39.2% |
| Financial income | 75/76B | €777 | - | -€777 | |
| Recurring financial income | 75 | €777 | - | -€777 | |
| Financial charges | 65/66B | €5,815 | €3,100 | -€2,715 | -46.7% |
| Recurring financial charges | 65 | €5,815 | €3,100 | -€2,715 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €88,636 | €53,878 | -€34,757 | -39.2% |
| Income taxes | 67/77 | €18,792 | €11,802 | -€6,990 | -37.2% |
| Profit (loss) for the period | 9904 | €69,844 | €42,077 | -€27,767 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,844 | €42,077 | -€27,767 | -39.8% |
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 23 October 2026 via checked.be.