STEVAS-SHIPPING: 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
STEVAS-SHIPPING
NACE 50.400, Inland freight water transport
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€13,283
2024 · €40,153-€26,871
Equity
€2.9m
2024 · €2.9m+€13,283
Cash
€304,359
2024 · €627,038-€322,680
Balance sheet total
€6.9m
2024 · €7.3m-€400,812
Largest movements
Assets
- Tangible fixed assets -€333,022
down €333,022 (-7.1%), from €4.7m to €4.3m
- Cash -€322,680
down €322,680 (-51.5%), from €627,038 to €304,359
mainly Current investments (-€312,146) and Debts after one year (-€266,600)
- Current investments +€312,146
up €312,146 (+144786.8%), from €216 to €312,361
Equity and liabilities
- Debts after one year -€266,600
down €266,600 (-9.3%), from €2.9m to €2.6m
- Other debts -€113,001
down €113,001 (-14.3%), from €789,370 to €676,369
Income statement
- Gross operating margin -€25,592
down €25,592 (-4.8%), from €530,062 to €504,470
- Provisions +€19,200
up €19,200 (+331.0%), from €5,800 to €25,000
- Financial income +€18,935
up €18,935 (+252.2%), from €7,508 to €26,443
- Taxes -€11,865
down €11,865 (-23.5%), from €50,394 to €38,529
- Financial charges +€10,467
up €10,467 (+11.7%), from €89,461 to €99,928
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
€40,153
Gross operating margin
-€25,592
Depreciation
-€2,386
Provisions
-€19,200
Other operating charges
-€26
Financial income
+€18,935
Financial charges
-€10,467
Taxes
+€11,865
Result 2025
€13,283
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
+€244,140
Investment
-€300,220
Financing
-€266,600
Cash 2024
€627,038
From operations (derived)
+€244,140
Net result for the year
+€13,283
Depreciation
+€373,210
Receivables within one year
+€6,266
Deferred charges and accrued income
-€1,123
Provisions
+€3,688
Trade debts
-€28,391
Tax, wage and social debts
-€6,836
Other debts
-€113,001
Accrued charges and deferred income
-€2,954
Investment (derived)
-€300,220
Investment in fixed assets (net)
+€11,926
Current investments
-€312,146
Financing
-€266,600
Debts after one year
-€266,600
Cash 2025
€304,359
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,309,683 | €6,908,871 | -€400,812 | -5.5% |
| Fixed assets | 21/28 | €6,554,774 | €6,169,638 | -€385,136 | -5.9% |
| Tangible fixed assets | 22/27 | €4,676,494 | €4,343,472 | -€333,022 | -7.1% |
| Furniture and vehicles | 24 | €4,676,494 | €4,343,472 | -€333,022 | -7.1% |
| Financial fixed assets | 28 | €1,878,280 | €1,826,165 | -€52,115 | -2.8% |
| Current assets | 29/58 | €754,909 | €739,233 | -€15,676 | -2.1% |
| Amounts receivable within one year | 40/41 | €125,253 | €118,987 | -€6,266 | -5.0% |
| Trade receivables | 40 | €122,124 | €103,633 | -€18,490 | -15.1% |
| Other amounts receivable | 41 | €3,129 | €15,354 | +€12,224 | +390.6% |
| Current investments | 50/53 | €216 | €312,361 | +€312,146 | +144786.8% |
| Cash at bank and in hand | 54/58 | €627,038 | €304,359 | -€322,680 | -51.5% |
| Deferred charges and accrued income | 490/1 | €2,403 | €3,526 | +€1,123 | +46.8% |
| Total equity and liabilities | 10/49 | €7,309,683 | €6,908,871 | -€400,812 | -5.5% |
| Equity | 10/15 | €2,929,190 | €2,942,473 | +€13,283 | +0.5% |
| Contributions | 10/11 | €1,090,000 | €1,090,000 | = | 0.0% |
| Capital | 10 | €1,090,000 | €1,090,000 | = | 0.0% |
| Issued capital | 100 | €1,090,000 | €1,090,000 | = | 0.0% |
| Reserves | 13 | €1,839,190 | €1,852,473 | +€13,283 | +0.7% |
| Non-distributable reserves | 130/1 | €109,216 | €109,216 | = | 0.0% |
| Legal reserve | 130 | €109,000 | €109,000 | = | 0.0% |
| Own shares acquired | 1312 | €216 | €216 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,000,910 | €936,975 | -€63,935 | -6.4% |
| Distributable reserves | 133 | €729,064 | €806,282 | +€77,218 | +10.6% |
| Provisions and deferred taxes | 16 | €409,437 | €413,125 | +€3,688 | +0.9% |
| Provisions for liabilities and charges | 160/5 | €75,800 | €100,800 | +€25,000 | +33.0% |
| Major repairs and maintenance | 162 | €75,800 | €100,800 | +€25,000 | +33.0% |
| Deferred taxes | 168 | €333,637 | €312,325 | -€21,312 | -6.4% |
| Amounts payable | 17/49 | €3,971,056 | €3,553,273 | -€417,783 | -10.5% |
| Amounts payable after more than one year | 17 | €2,865,950 | €2,599,350 | -€266,600 | -9.3% |
| Financial debts | 170/4 | €2,865,950 | €2,599,350 | -€266,600 | -9.3% |
| Amounts payable within one year | 42/48 | €1,093,548 | €945,319 | -€148,229 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €266,600 | €266,600 | = | 0.0% |
| Trade debts | 44 | €30,741 | €2,350 | -€28,391 | -92.4% |
| Suppliers | 440/4 | €30,741 | €2,350 | -€28,391 | -92.4% |
| Taxes, remuneration and social security | 45 | €6,836 | - | -€6,836 | |
| Taxes | 450/3 | €6,836 | - | -€6,836 | |
| Other amounts payable | 47/48 | €789,370 | €676,369 | -€113,001 | -14.3% |
| Accrued charges and deferred income | 492/3 | €11,558 | €8,604 | -€2,954 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370,824 | €373,210 | +€2,386 | +0.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,800 | €25,000 | +€19,200 | +331.0% |
| Other operating charges | 640/8 | €2,250 | €2,276 | +€26 | +1.2% |
| Gross operating margin | 9900 | €530,062 | €504,470 | -€25,592 | -4.8% |
| Operating profit (loss) | 9901 | €151,189 | €103,985 | -€47,204 | -31.2% |
| Financial income | 75/76B | €7,508 | €26,443 | +€18,935 | +252.2% |
| Recurring financial income | 75 | €7,508 | €26,443 | +€18,935 | +252.2% |
| Financial charges | 65/66B | €89,461 | €99,928 | +€10,467 | +11.7% |
| Recurring financial charges | 65 | €89,461 | €99,928 | +€10,467 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €69,236 | €30,500 | -€38,736 | -55.9% |
| Transfer from deferred taxes | 780 | €21,312 | €21,312 | = | 0.0% |
| Income taxes | 67/77 | €50,394 | €38,529 | -€11,865 | -23.5% |
| Profit (loss) for the period | 9904 | €40,153 | €13,283 | -€26,871 | -66.9% |
| Transfer from tax-exempt reserves | 789 | €63,935 | €63,935 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €104,089 | €77,218 | -€26,871 | -25.8% |
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 12 October 2026 via checked.be.