StevDi: 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.
StevDi
Largest movements
- Cash -€206,717
down €206,717 (-53.9%), from €383,811 to €177,093
mainly Current investments (-€192,281) and Receivables within one year (-€90,905)
- Current investments +€192,281
new in 2025: €192,281
- Receivables within one year +€90,905
up €90,905 (+372.7%), from €24,390 to €115,295
of which Trade receivables: +€91,095
- Tangible fixed assets +€20,815
up €20,815 (+81.0%), from €25,694 to €46,509
of which Furniture and vehicles: +€21,310
- Reserves +€87,808
up €87,808 (+21.8%), from €402,351 to €490,159
- Tax, wage and social debts +€12,196
up €12,196 (+64.2%), from €18,985 to €31,181
- Gross operating margin -€16,408
down €16,408 (-9.7%), from €169,471 to €153,063
- Depreciation +€13,750
up €13,750 (+82.9%), from €16,576 to €30,326
- Taxes -€9,363
down €9,363 (-21.1%), from €44,363 to €35,001
- Financial income +€2,252
up €2,252 (+7150.0%), from €32 to €2,284
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 | €435,032 | €533,413 | +€98,381 | +22.6% |
| Fixed assets | 21/28 | €25,694 | €46,509 | +€20,815 | +81.0% |
| Tangible fixed assets | 22/27 | €25,694 | €46,509 | +€20,815 | +81.0% |
| Plant, machinery and equipment | 23 | €873 | €377 | -€495 | -56.8% |
| Furniture and vehicles | 24 | €24,821 | €46,131 | +€21,310 | +85.9% |
| Current assets | 29/58 | €409,339 | €486,904 | +€77,566 | +18.9% |
| Stocks and contracts in progress | 3 | €1,138 | - | -€1,138 | |
| Stocks | 30/36 | €1,138 | - | -€1,138 | |
| Amounts receivable within one year | 40/41 | €24,390 | €115,295 | +€90,905 | +372.7% |
| Trade receivables | 40 | €24,200 | €115,295 | +€91,095 | +376.4% |
| Other amounts receivable | 41 | €190 | - | -€190 | |
| Current investments | 50/53 | - | €192,281 | +€192,281 | |
| Cash at bank and in hand | 54/58 | €383,811 | €177,093 | -€206,717 | -53.9% |
| Deferred charges and accrued income | 490/1 | - | €2,235 | +€2,235 | |
| Total equity and liabilities | 10/49 | €435,032 | €533,413 | +€98,381 | +22.6% |
| Equity | 10/15 | €412,351 | €500,159 | +€87,808 | +21.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €402,351 | €490,159 | +€87,808 | +21.8% |
| Distributable reserves | 133 | €402,351 | €490,159 | +€87,808 | +21.8% |
| Amounts payable | 17/49 | €22,682 | €33,254 | +€10,573 | +46.6% |
| Amounts payable within one year | 42/48 | €22,682 | €33,254 | +€10,573 | +46.6% |
| Trade debts | 44 | €3 | €2,061 | +€2,058 | +68814.0% |
| Suppliers | 440/4 | €3 | €2,061 | +€2,058 | +68814.0% |
| Taxes, remuneration and social security | 45 | €18,985 | €31,181 | +€12,196 | +64.2% |
| Taxes | 450/3 | €18,985 | €31,181 | +€12,196 | +64.2% |
| Other amounts payable | 47/48 | €3,694 | €13 | -€3,681 | -99.7% |
| Remuneration, social security and pensions | 62 | €1,584 | €1,920 | +€336 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,576 | €30,326 | +€13,750 | +82.9% |
| Other operating charges | 640/8 | €131 | €189 | +€58 | +44.0% |
| Gross operating margin | 9900 | €169,471 | €153,063 | -€16,408 | -9.7% |
| Operating profit (loss) | 9901 | €151,180 | €120,628 | -€30,552 | -20.2% |
| Financial income | 75/76B | €32 | €2,284 | +€2,252 | +7150.0% |
| Recurring financial income | 75 | €32 | €2,284 | +€2,252 | +7150.0% |
| Financial charges | 65/66B | €89 | €103 | +€15 | +16.8% |
| Recurring financial charges | 65 | €89 | €103 | +€15 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €151,123 | €122,809 | -€28,314 | -18.7% |
| Income taxes | 67/77 | €44,363 | €35,001 | -€9,363 | -21.1% |
| Profit (loss) for the period | 9904 | €106,759 | €87,808 | -€18,951 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €106,759 | €87,808 | -€18,951 | -17.8% |
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.