STEVECA: 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.
STEVECA
Largest movements
- Cash -€59,729
down €59,729 (-55.7%), from €107,258 to €47,529
mainly Other debts (-€99,616) and Net result for the year (-€22,812)
- Tangible fixed assets -€34,617
down €34,617 (-3.5%), from €981,043 to €946,426
of which Land and buildings: -€32,348
- Other debts -€99,616
down €99,616 (-33.7%), from €296,017 to €196,400
- Reserves -€26,242
down €26,242 (-62.1%), from €42,289 to €16,046
of which Tax-exempt reserves: -€24,383
- Accrued charges and deferred income +€22,194
up €22,194 (+22.8%), from €97,319 to €119,513
- Gross operating margin +€10,018
up €10,018 (+28.5%), from €35,110 to €45,129
- Financial charges -€3,462
down €3,462 (-12.2%), from €28,483 to €25,020
- Depreciation -€1,986
down €1,986 (-5.4%), from €36,603 to €34,617
- Financial income -€1,372
no longer reported in 2025 (was €1,372)
- Other operating charges -€1,125
down €1,125 (-11.9%), from €9,428 to €8,303
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 | €1,088,713 | €994,956 | -€93,757 | -8.6% |
| Fixed assets | 21/28 | €981,043 | €946,426 | -€34,617 | -3.5% |
| Tangible fixed assets | 22/27 | €981,043 | €946,426 | -€34,617 | -3.5% |
| Land and buildings | 22 | €969,634 | €937,286 | -€32,348 | -3.3% |
| Plant, machinery and equipment | 23 | €11,409 | €9,140 | -€2,269 | -19.9% |
| Current assets | 29/58 | €107,670 | €48,529 | -€59,141 | -54.9% |
| Amounts receivable within one year | 40/41 | €412 | €1,000 | +€588 | +143.0% |
| Other amounts receivable | 41 | €412 | €1,000 | +€588 | +143.0% |
| Cash at bank and in hand | 54/58 | €107,258 | €47,529 | -€59,729 | -55.7% |
| Total equity and liabilities | 10/49 | €1,088,713 | €994,956 | -€93,757 | -8.6% |
| Equity | 10/15 | €316,888 | €294,077 | -€22,812 | -7.2% |
| Contributions | 10/11 | €820,000 | €820,000 | = | 0.0% |
| Reserves | 13 | €42,289 | €16,046 | -€26,242 | -62.1% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €40,429 | €16,046 | -€24,383 | -60.3% |
| Profit (loss) carried forward | 14 | -€545,400 | -€541,970 | +€3,430 | +0.6% |
| Amounts payable | 17/49 | €771,825 | €700,879 | -€70,945 | -9.2% |
| Amounts payable after more than one year | 17 | €352,545 | €356,547 | +€4,002 | +1.1% |
| Financial debts | 170/4 | €352,545 | €356,547 | +€4,002 | +1.1% |
| Amounts payable within one year | 42/48 | €321,960 | €224,819 | -€97,142 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €23,358 | €25,998 | +€2,640 | +11.3% |
| Trade debts | 44 | €2,585 | €2,420 | -€165 | -6.4% |
| Suppliers | 440/4 | €2,585 | €2,420 | -€165 | -6.4% |
| Other amounts payable | 47/48 | €296,017 | €196,400 | -€99,616 | -33.7% |
| Accrued charges and deferred income | 492/3 | €97,319 | €119,513 | +€22,194 | +22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,603 | €34,617 | -€1,986 | -5.4% |
| Other operating charges | 640/8 | €9,428 | €8,303 | -€1,125 | -11.9% |
| Gross operating margin | 9900 | €35,110 | €45,129 | +€10,018 | +28.5% |
| Operating profit (loss) | 9901 | -€10,920 | €2,209 | +€13,129 | |
| Financial income | 75/76B | €1,372 | - | -€1,372 | |
| Recurring financial income | 75 | €1,372 | - | -€1,372 | |
| Financial charges | 65/66B | €28,483 | €25,020 | -€3,462 | -12.2% |
| Recurring financial charges | 65 | €28,483 | €25,020 | -€3,462 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€38,031 | -€22,812 | +€15,219 | +40.0% |
| Profit (loss) for the period | 9904 | -€38,031 | -€22,812 | +€15,219 | +40.0% |
| Transfer from tax-exempt reserves | 789 | €36,504 | €24,383 | -€12,121 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,527 | €1,571 | +€3,098 |
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 10 October 2026 via checked.be.