STEVEN DAVID: what changed
What changed
STEVEN DAVID
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€227,322
2024 · €232,710-€5,388
Equity
€1.5m
2024 · €1.3m+€227,322
Cash
€498,585
2024 · €176,541+€322,044
Balance sheet total
€2.0m
2024 · €1.7m+€351,854
Largest movements
Assets
- Cash +€322,044
up €322,044 (+182%), from €176,541 to €498,585
mainly Net result for the year (+€227,322) and Depreciation (+€174,024)
- Stocks and contracts +€120,341
up €120,341 (+159%), from €75,663 to €196,003
- Tangible fixed assets -€40,701
down €40,701 (-8.0%), from €510,034 to €469,333
of which Furniture and vehicles: -€38,710
- Receivables within one year -€40,375
down €40,375 (-4.4%), from €912,097 to €871,722
of which Trade receivables: -€84,590
Equity and liabilities
- Reserves +€227,322
up €227,322 (+18.1%), from €1.3m to €1.5m
- Trade debts +€154,437
up €154,437 (+115%), from €134,425 to €288,862
- Debts after one year -€44,203
down €44,203 (-46.4%), from €95,187 to €50,984
- Accrued charges and deferred income +€41,000
new in 2025: €41,000
- Tax, wage and social debts -€21,966
down €21,966 (-30.3%), from €72,563 to €50,597
of which Taxes: -€36,000
Income statement
- Staff costs +€78,412
up €78,412 (+44.4%), from €176,746 to €255,158
- Gross operating margin +€71,169
up €71,169 (+10.2%), from €697,927 to €769,096
- Taxes -€12,372
down €12,372 (-11.1%), from €111,307 to €98,935
- Depreciation +€11,122
up €11,122 (+6.8%), from €162,902 to €174,024
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
€232,710
Gross operating margin
+€71,169
Staff costs
-€78,412
Depreciation
-€11,122
Other operating charges
-€1,279
Other operating items
+€250
Financial income
+€957
Financial charges
+€677
Taxes
+€12,372
Result 2025
€227,322
raises the resultlowers the resultnot broken down further in the accounts
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
+€498,072
Investment
-€133,323
Financing
-€42,705
Cash 2024
€176,541
From operations (derived)
+€498,072
Net result for the year
+€227,322
Depreciation
+€174,024
Stocks and contracts
-€120,341
Receivables within one year
+€40,375
Deferred charges and accrued income
+€9,455
Trade debts
+€154,437
Tax, wage and social debts
-€21,966
Other debts
-€6,233
Accrued charges and deferred income
+€41,000
Investment (derived)
-€133,323
Investment in fixed assets (net)
-€133,323
Financing
-€42,705
Debts after one year
-€44,203
Current portion of long-term debt
+€1,497
Cash 2025
€498,585
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,689,550 | €2,041,404 | +€351,854 | +20.8% |
| Fixed assets | 21/28 | €510,034 | €469,333 | -€40,701 | -8.0% |
| Tangible fixed assets | 22/27 | €510,034 | €469,333 | -€40,701 | -8.0% |
| Land and buildings | 22 | €82,299 | €80,634 | -€1,665 | -2.0% |
| Plant, machinery and equipment | 23 | €166,516 | €166,190 | -€326 | -0.2% |
| Furniture and vehicles | 24 | €261,219 | €222,509 | -€38,710 | -14.8% |
| Current assets | 29/58 | €1,179,517 | €1,572,072 | +€392,555 | +33.3% |
| Stocks and contracts in progress | 3 | €75,663 | €196,003 | +€120,341 | +159% |
| Stocks | 30/36 | €75,663 | €196,003 | +€120,341 | +159% |
| Amounts receivable within one year | 40/41 | €912,097 | €871,722 | -€40,375 | -4.4% |
| Trade receivables | 40 | €834,975 | €750,385 | -€84,590 | -10.1% |
| Other amounts receivable | 41 | €77,122 | €121,337 | +€44,215 | +57.3% |
| Cash at bank and in hand | 54/58 | €176,541 | €498,585 | +€322,044 | +182% |
| Deferred charges and accrued income | 490/1 | €15,216 | €5,761 | -€9,455 | -62.1% |
| Total equity and liabilities | 10/49 | €1,689,550 | €2,041,404 | +€351,854 | +20.8% |
| Equity | 10/15 | €1,278,599 | €1,505,921 | +€227,322 | +17.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,253,599 | €1,480,921 | +€227,322 | +18.1% |
| Distributable reserves | 133 | €1,253,599 | €1,480,921 | +€227,322 | +18.1% |
| Provisions and deferred taxes | 16 | €58,193 | €58,193 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €58,193 | €58,193 | = | 0.0% |
| Pensions and similar obligations | 160 | €58,193 | €58,193 | = | 0.0% |
| Amounts payable | 17/49 | €352,758 | €477,290 | +€124,533 | +35.3% |
| Amounts payable after more than one year | 17 | €95,187 | €50,984 | -€44,203 | -46.4% |
| Financial debts | 170/4 | €95,187 | €50,984 | -€44,203 | -46.4% |
| Amounts payable within one year | 42/48 | €257,571 | €385,306 | +€127,735 | +49.6% |
| Current portion of amounts payable after more than one year | 42 | €42,705 | €44,203 | +€1,497 | +3.5% |
| Trade debts | 44 | €134,425 | €288,862 | +€154,437 | +115% |
| Suppliers | 440/4 | €134,425 | €288,862 | +€154,437 | +115% |
| Taxes, remuneration and social security | 45 | €72,563 | €50,597 | -€21,966 | -30.3% |
| Taxes | 450/3 | €56,302 | €20,302 | -€36,000 | -63.9% |
| Remuneration and social security | 454/9 | €16,261 | €30,295 | +€14,034 | +86.3% |
| Other amounts payable | 47/48 | €7,877 | €1,644 | -€6,233 | -79.1% |
| Accrued charges and deferred income | 492/3 | - | €41,000 | +€41,000 | |
| Remuneration, social security and pensions | 62 | €176,746 | €255,158 | +€78,412 | +44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,902 | €174,024 | +€11,122 | +6.8% |
| Other operating charges | 640/8 | €6,771 | €8,049 | +€1,279 | +18.9% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | €697,927 | €769,096 | +€71,169 | +10.2% |
| Operating profit (loss) | 9901 | €351,259 | €331,865 | -€19,394 | -5.5% |
| Financial income | 75/76B | €8 | €965 | +€957 | +11,552% |
| Recurring financial income | 75 | €8 | €965 | +€957 | +11,552% |
| Financial charges | 65/66B | €7,251 | €6,574 | -€677 | -9.3% |
| Recurring financial charges | 65 | €7,251 | €6,574 | -€677 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €344,016 | €326,256 | -€17,760 | -5.2% |
| Income taxes | 67/77 | €111,307 | €98,935 | -€12,372 | -11.1% |
| Profit (loss) for the period | 9904 | €232,710 | €227,322 | -€5,388 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €232,710 | €227,322 | -€5,388 | -2.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.