STEVAK: 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.
STEVAK
Largest movements
- Cash +€47,101
up €47,101 (+59.7%), from €78,920 to €126,021
mainly Debts after one year (+€54,590) and Net result for the year (+€27,942)
- Tangible fixed assets +€21,621
up €21,621 (+213.8%), from €10,112 to €31,733
of which Furniture and vehicles: +€21,946
- Receivables within one year -€13,840
down €13,840 (-51.4%), from €26,938 to €13,098
of which Trade receivables: -€10,088
- Stocks and contracts -€7,500
no longer reported in 2025 (was €7,500)
- Deferred charges and accrued income -€2,187
no longer reported in 2025 (was €2,187)
- Debts after one year +€54,590
up €54,590 (+1967.9%), from €2,774 to €57,364
- Reserves -€52,632
down €52,632 (-61.3%), from €85,842 to €33,210
- Profit (loss) carried forward +€27,942
up €27,942 (+84.2%), from -€33,178 to -€5,236
- Current portion of long-term debt +€16,939
up €16,939 (+352.0%), from €4,812 to €21,751
- Trade debts -€1,851
down €1,851 (-6.3%), from €29,278 to €27,427
- Gross operating margin +€30,804
up €30,804 (+115.3%), from €26,719 to €57,523
- Taxes +€7,737
up €7,737 (+2941.8%), from €263 to €8,000
- Depreciation +€3,956
up €3,956 (+35.5%), from €11,147 to €15,103
- Financial charges +€2,130
up €2,130 (+167.5%), from €1,272 to €3,402
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 | €125,657 | €170,852 | +€45,195 | +36.0% |
| Fixed assets | 21/28 | €10,112 | €31,733 | +€21,621 | +213.8% |
| Tangible fixed assets | 22/27 | €10,112 | €31,733 | +€21,621 | +213.8% |
| Land and buildings | 22 | €1,305 | €1,133 | -€172 | -13.2% |
| Plant, machinery and equipment | 23 | €2,587 | €2,434 | -€153 | -5.9% |
| Furniture and vehicles | 24 | €6,220 | €28,166 | +€21,946 | +352.8% |
| Current assets | 29/58 | €115,545 | €139,119 | +€23,574 | +20.4% |
| Stocks and contracts in progress | 3 | €7,500 | - | -€7,500 | |
| Contracts in progress | 37 | €7,500 | - | -€7,500 | |
| Amounts receivable within one year | 40/41 | €26,938 | €13,098 | -€13,840 | -51.4% |
| Trade receivables | 40 | €23,186 | €13,098 | -€10,088 | -43.5% |
| Other amounts receivable | 41 | €3,752 | - | -€3,752 | |
| Cash at bank and in hand | 54/58 | €78,920 | €126,021 | +€47,101 | +59.7% |
| Deferred charges and accrued income | 490/1 | €2,187 | - | -€2,187 | |
| Total equity and liabilities | 10/49 | €125,657 | €170,852 | +€45,195 | +36.0% |
| Equity | 10/15 | €71,264 | €46,574 | -€24,690 | -34.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,842 | €33,210 | -€52,632 | -61.3% |
| Distributable reserves | 133 | €85,842 | €33,210 | -€52,632 | -61.3% |
| Profit (loss) carried forward | 14 | -€33,178 | -€5,236 | +€27,942 | +84.2% |
| Amounts payable | 17/49 | €54,393 | €124,278 | +€69,885 | +128.5% |
| Amounts payable after more than one year | 17 | €2,774 | €57,364 | +€54,590 | +1967.9% |
| Financial debts | 170/4 | €2,774 | €57,364 | +€54,590 | +1967.9% |
| Amounts payable within one year | 42/48 | €51,619 | €66,914 | +€15,295 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €4,812 | €21,751 | +€16,939 | +352.0% |
| Trade debts | 44 | €29,278 | €27,427 | -€1,851 | -6.3% |
| Suppliers | 440/4 | €29,278 | €27,427 | -€1,851 | -6.3% |
| Taxes, remuneration and social security | 45 | €9,480 | €8,278 | -€1,202 | -12.7% |
| Taxes | 450/3 | €7,980 | €6,778 | -€1,202 | -15.1% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €8,049 | €9,458 | +€1,409 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,147 | €15,103 | +€3,956 | +35.5% |
| Other operating charges | 640/8 | €3,118 | €3,281 | +€163 | +5.2% |
| Gross operating margin | 9900 | €26,719 | €57,523 | +€30,804 | +115.3% |
| Operating profit (loss) | 9901 | €12,454 | €39,139 | +€26,685 | +214.3% |
| Financial income | 75/76B | €221 | €205 | -€16 | -7.2% |
| Recurring financial income | 75 | €221 | €205 | -€16 | -7.2% |
| Financial charges | 65/66B | €1,272 | €3,402 | +€2,130 | +167.5% |
| Recurring financial charges | 65 | €1,272 | €3,402 | +€2,130 | +167.5% |
| Profit (loss) for the period before taxes | 9903 | €11,403 | €35,942 | +€24,539 | +215.2% |
| Income taxes | 67/77 | €263 | €8,000 | +€7,737 | +2941.8% |
| Profit (loss) for the period | 9904 | €11,140 | €27,942 | +€16,802 | +150.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,140 | €27,942 | +€16,802 | +150.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.