STEVANY: 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.
STEVANY
Largest movements
- Stocks and contracts -€307,596
down €307,596 (-80.1%), from €384,043 to €76,447
- Receivables within one year -€188,775
down €188,775 (-81.3%), from €232,256 to €43,481
of which Other amounts receivable: -€184,742
- Other debts -€331,884
down €331,884 (-81.2%), from €408,856 to €76,972
- Short-term financial debts -€95,496
down €95,496 (-76.4%), from €125,000 to €29,504
- Profit (loss) carried forward -€78,212
down €78,212, from €48,738 to -€29,474
- Tax, wage and social debts +€17,671
up €17,671 (+72.1%), from €24,514 to €42,185
of which Taxes: +€23,163
- Trade debts -€16,930
down €16,930 (-34.8%), from €48,690 to €31,760
- Gross operating margin -€57,007
down €57,007, from €37,635 to -€19,372
- Staff costs +€8,316
up €8,316 (+24.4%), from €34,046 to €42,362
- Financial charges -€7,334
down €7,334 (-53.9%), from €13,613 to €6,279
- Other operating charges +€968
up €968 (+24.3%), from €3,983 to €4,951
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 | €694,883 | €190,032 | -€504,852 | -72.7% |
| Fixed assets | 21/28 | €70,344 | €65,853 | -€4,490 | -6.4% |
| Tangible fixed assets | 22/27 | €70,044 | €65,554 | -€4,490 | -6.4% |
| Land and buildings | 22 | €64,038 | €63,023 | -€1,015 | -1.6% |
| Plant, machinery and equipment | 23 | €1,900 | €0 | -€1,900 | -100.0% |
| Furniture and vehicles | 24 | €4,106 | €2,531 | -€1,575 | -38.4% |
| Financial fixed assets | 28 | €299 | €299 | = | 0.0% |
| Current assets | 29/58 | €624,540 | €124,179 | -€500,361 | -80.1% |
| Stocks and contracts in progress | 3 | €384,043 | €76,447 | -€307,596 | -80.1% |
| Stocks | 30/36 | €384,043 | €76,447 | -€307,596 | -80.1% |
| Amounts receivable within one year | 40/41 | €232,256 | €43,481 | -€188,775 | -81.3% |
| Trade receivables | 40 | €6,897 | €2,865 | -€4,033 | -58.5% |
| Other amounts receivable | 41 | €225,358 | €40,616 | -€184,742 | -82.0% |
| Cash at bank and in hand | 54/58 | €7,470 | €3,514 | -€3,956 | -53.0% |
| Deferred charges and accrued income | 490/1 | €771 | €737 | -€34 | -4.5% |
| Total equity and liabilities | 10/49 | €694,883 | €190,032 | -€504,852 | -72.7% |
| Equity | 10/15 | €81,894 | €3,682 | -€78,212 | -95.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €14,556 | €14,556 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €11,556 | €11,556 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,738 | -€29,474 | -€78,212 | |
| Amounts payable | 17/49 | €612,989 | €186,350 | -€426,639 | -69.6% |
| Amounts payable within one year | 42/48 | €612,989 | €186,350 | -€426,639 | -69.6% |
| Financial debts | 43 | €125,000 | €29,504 | -€95,496 | -76.4% |
| Credit institutions | 430/8 | €125,000 | €29,504 | -€95,496 | -76.4% |
| Trade debts | 44 | €48,690 | €31,760 | -€16,930 | -34.8% |
| Suppliers | 440/4 | €48,690 | €31,760 | -€16,930 | -34.8% |
| Advances received on contracts in progress | 46 | €5,929 | €5,929 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €24,514 | €42,185 | +€17,671 | +72.1% |
| Taxes | 450/3 | €16,078 | €39,241 | +€23,163 | +144.1% |
| Remuneration and social security | 454/9 | €8,436 | €2,944 | -€5,492 | -65.1% |
| Other amounts payable | 47/48 | €408,856 | €76,972 | -€331,884 | -81.2% |
| Remuneration, social security and pensions | 62 | €34,046 | €42,362 | +€8,316 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,490 | €4,490 | = | 0.0% |
| Other operating charges | 640/8 | €3,983 | €4,951 | +€968 | +24.3% |
| Gross operating margin | 9900 | €37,635 | -€19,372 | -€57,007 | |
| Operating profit (loss) | 9901 | -€4,885 | -€71,176 | -€66,291 | -1357.0% |
| Financial income | 75/76B | €96 | €68 | -€28 | -29.3% |
| Recurring financial income | 75 | €96 | €68 | -€28 | -29.3% |
| Financial charges | 65/66B | €13,613 | €6,279 | -€7,334 | -53.9% |
| Recurring financial charges | 65 | €13,613 | €6,279 | -€7,334 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,402 | -€77,387 | -€58,985 | -320.5% |
| Income taxes | 67/77 | €877 | €825 | -€51 | -5.9% |
| Profit (loss) for the period | 9904 | -€19,279 | -€78,212 | -€58,933 | -305.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,279 | -€78,212 | -€58,933 | -305.7% |
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.