STEVAN INVEST: what changed
What changed
STEVAN INVEST
NACE 38.320, Waste collection, recovery and disposal activities
filed annual accounts (NBB)
Net result for the year
-€178,662
2024 · -€204,525+€25,863
Equity
€1.5m
2024 · €1.7m-€178,662
Cash
€149,301
2024 · €3,984+€145,317
Balance sheet total
€5.5m
2024 · €5.4m+€93,761
Largest movements
Assets
- Cash +€145,317
up €145,317 (+3,647%), from €3,984 to €149,301
mainly Other debts (+€247,626) and Depreciation (+€36,443)
Equity and liabilities
- Other debts +€247,626
up €247,626 (+6.7%), from €3.7m to €4.0m
- Reserves -€178,662
down €178,662 (-28.7%), from €621,517 to €442,855
of which Distributable reserves: -€178,662
Income statement
- Staff costs +€107,879
up €107,879 (+342%), from €31,504 to €139,383
- Gross operating margin +€102,198
up €102,198, from -€21,229 to €80,969
- Depreciation -€38,239
down €38,239 (-51.2%), from €74,682 to €36,443
- Financial charges +€16,388
up €16,388 (+25.7%), from €63,647 to €80,035
- Other operating charges -€9,722
down €9,722 (-52.0%), from €18,695 to €8,972
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€204,525
Gross operating margin
+€102,198
Staff costs
-€107,879
Depreciation
+€38,239
Other operating charges
+€9,722
Financial income
-€30
Financial charges
-€16,388
Result 2025
-€178,662
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€144,961
Investment
+€356
Financing
€0
Cash 2024
€3,984
From operations (derived)
+€144,961
Net result for the year
-€178,662
Depreciation
+€36,443
Receivables within one year
+€13,464
Deferred charges and accrued income
+€1,292
Trade debts
+€27,317
Tax, wage and social debts
-€1,549
Other debts
+€247,626
Accrued charges and deferred income
-€971
Investment (derived)
+€356
Investment in fixed assets (net)
-€300
Current investments
+€656
Cash 2025
€149,301
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,447,073 | €5,540,834 | +€93,761 | +1.7% |
| Fixed assets | 21/28 | €5,211,531 | €5,175,388 | -€36,143 | -0.7% |
| Tangible fixed assets | 22/27 | €1,819,211 | €1,782,767 | -€36,443 | -2.0% |
| Land and buildings | 22 | €1,799,303 | €1,770,037 | -€29,266 | -1.6% |
| Plant, machinery and equipment | 23 | €3,526 | €1,666 | -€1,860 | -52.8% |
| Furniture and vehicles | 24 | €16,382 | €11,064 | -€5,318 | -32.5% |
| Financial fixed assets | 28 | €3,392,320 | €3,392,620 | +€300 | 0.0% |
| Current assets | 29/58 | €235,542 | €365,447 | +€129,905 | +55.2% |
| Stocks and contracts in progress | 3 | €2,570 | €2,570 | = | 0.0% |
| Stocks | 30/36 | €2,570 | €2,570 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €143,797 | €130,333 | -€13,464 | -9.4% |
| Trade receivables | 40 | €84,974 | €106,314 | +€21,340 | +25.1% |
| Other amounts receivable | 41 | €58,823 | €24,019 | -€34,804 | -59.2% |
| Current investments | 50/53 | €82,462 | €81,806 | -€656 | -0.8% |
| Cash at bank and in hand | 54/58 | €3,984 | €149,301 | +€145,317 | +3,647% |
| Deferred charges and accrued income | 490/1 | €2,728 | €1,436 | -€1,292 | -47.4% |
| Total equity and liabilities | 10/49 | €5,447,073 | €5,540,834 | +€93,761 | +1.7% |
| Equity | 10/15 | €1,671,537 | €1,492,875 | -€178,662 | -10.7% |
| Contributions | 10/11 | €1,050,020 | €1,050,020 | = | 0.0% |
| Capital | 10 | €1,050,000 | €1,050,000 | = | 0.0% |
| Issued capital | 100 | €1,050,000 | €1,050,000 | = | 0.0% |
| Contributions outside capital | 11 | €20 | €20 | = | 0.0% |
| Share premium | 1100/10 | €20 | €20 | = | 0.0% |
| Reserves | 13 | €621,517 | €442,855 | -€178,662 | -28.7% |
| Non-distributable reserves | 130/1 | €114,979 | €114,979 | = | 0.0% |
| Legal reserve | 130 | €114,979 | €114,979 | = | 0.0% |
| Distributable reserves | 133 | €506,538 | €327,876 | -€178,662 | -35.3% |
| Amounts payable | 17/49 | €3,775,536 | €4,047,959 | +€272,424 | +7.2% |
| Amounts payable within one year | 42/48 | €3,764,838 | €4,038,233 | +€273,395 | +7.3% |
| Trade debts | 44 | €21,864 | €49,181 | +€27,317 | +125% |
| Suppliers | 440/4 | €21,864 | €49,181 | +€27,317 | +125% |
| Taxes, remuneration and social security | 45 | €30,516 | €28,967 | -€1,549 | -5.1% |
| Taxes | 450/3 | €19,817 | €21,575 | +€1,758 | +8.9% |
| Remuneration and social security | 454/9 | €10,699 | €7,392 | -€3,307 | -30.9% |
| Other amounts payable | 47/48 | €3,712,458 | €3,960,085 | +€247,626 | +6.7% |
| Accrued charges and deferred income | 492/3 | €10,698 | €9,727 | -€971 | -9.1% |
| Remuneration, social security and pensions | 62 | €31,504 | €139,383 | +€107,879 | +342% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,682 | €36,443 | -€38,239 | -51.2% |
| Other operating charges | 640/8 | €18,695 | €8,972 | -€9,722 | -52.0% |
| Gross operating margin | 9900 | -€21,229 | €80,969 | +€102,198 | |
| Operating profit (loss) | 9901 | -€146,110 | -€103,830 | +€42,281 | +28.9% |
| Financial income | 75/76B | €5,231 | €5,202 | -€30 | -0.6% |
| Recurring financial income | 75 | €5,231 | €5,202 | -€30 | -0.6% |
| Financial charges | 65/66B | €63,647 | €80,035 | +€16,388 | +25.7% |
| Recurring financial charges | 65 | €63,647 | €80,035 | +€16,388 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | -€204,525 | -€178,662 | +€25,863 | +12.6% |
| Profit (loss) for the period | 9904 | -€204,525 | -€178,662 | +€25,863 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€204,525 | -€178,662 | +€25,863 | +12.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.