STEVEN MH: 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.
STEVEN MH
Largest movements
- Cash +€8,177
up €8,177 (+20.1%), from €40,714 to €48,891
mainly Net result for the year (+€9,546) and Trade debts (+€7,544)
- Receivables within one year +€4,147
up €4,147 (+66.0%), from €6,280 to €10,427
of which Trade receivables: +€3,043
- Stocks and contracts -€1,957
down €1,957 (-3.4%), from €57,365 to €55,408
- Tangible fixed assets -€1,951
down €1,951 (-22.0%), from €8,868 to €6,917
- Trade debts +€7,544
up €7,544 (+25.2%), from €29,923 to €37,466
- Reserves +€2,900
up €2,900 (+4.6%), from €63,510 to €66,410
- Tax, wage and social debts -€2,454
down €2,454 (-26.7%), from €9,200 to €6,746
of which Taxes: -€2,615
- Purchases and services +€106,633
up €106,633 (+12.4%), from €862,009 to €968,643
- Turnover +€102,088
up €102,088 (+11.0%), from €925,971 to €1.0m
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.
Derived cash bridge
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 | €116,826 | €125,243 | +€8,417 | +7.2% |
| Fixed assets | 21/28 | €12,468 | €10,517 | -€1,951 | -15.6% |
| Tangible fixed assets | 22/27 | €8,868 | €6,917 | -€1,951 | -22.0% |
| Plant, machinery and equipment | 23 | €8,868 | €6,917 | -€1,951 | -22.0% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €104,358 | €114,726 | +€10,367 | +9.9% |
| Stocks and contracts in progress | 3 | €57,365 | €55,408 | -€1,957 | -3.4% |
| Stocks | 30/36 | €57,365 | €55,408 | -€1,957 | -3.4% |
| Amounts receivable within one year | 40/41 | €6,280 | €10,427 | +€4,147 | +66.0% |
| Trade receivables | 40 | €5,025 | €8,068 | +€3,043 | +60.5% |
| Other amounts receivable | 41 | €1,254 | €2,359 | +€1,105 | +88.1% |
| Cash at bank and in hand | 54/58 | €40,714 | €48,891 | +€8,177 | +20.1% |
| Total equity and liabilities | 10/49 | €116,826 | €125,243 | +€8,417 | +7.2% |
| Equity | 10/15 | €75,791 | €78,737 | +€2,946 | +3.9% |
| Contributions | 10/11 | €10 | €10 | = | 0.0% |
| Reserves | 13 | €63,510 | €66,410 | +€2,900 | +4.6% |
| Distributable reserves | 133 | €63,510 | €66,410 | +€2,900 | +4.6% |
| Profit (loss) carried forward | 14 | €12,271 | €12,317 | +€46 | +0.4% |
| Amounts payable | 17/49 | €41,036 | €46,506 | +€5,471 | +13.3% |
| Amounts payable within one year | 42/48 | €41,036 | €46,506 | +€5,471 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €1,913 | €2,294 | +€382 | +19.9% |
| Trade debts | 44 | €29,923 | €37,466 | +€7,544 | +25.2% |
| Suppliers | 440/4 | €29,923 | €37,466 | +€7,544 | +25.2% |
| Taxes, remuneration and social security | 45 | €9,200 | €6,746 | -€2,454 | -26.7% |
| Taxes | 450/3 | €4,239 | €1,624 | -€2,615 | -61.7% |
| Remuneration and social security | 454/9 | €4,961 | €5,122 | +€161 | +3.2% |
| Turnover | 70 | €925,971 | €1,028,059 | +€102,088 | +11.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €862,009 | €968,643 | +€106,633 | +12.4% |
| Remuneration, social security and pensions | 62 | €33,603 | €37,242 | +€3,638 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,071 | €1,951 | +€880 | +82.2% |
| Other operating charges | 640/8 | €998 | €918 | -€80 | -8.0% |
| Non-recurring operating charges | 66A | €1,846 | €2,002 | +€155 | +8.4% |
| Gross operating margin | 9900 | €66,852 | €62,251 | -€4,601 | -6.9% |
| Operating profit (loss) | 9901 | €29,334 | €20,139 | -€9,195 | -31.3% |
| Financial income | 75/76B | €677 | €4 | -€673 | -99.3% |
| Recurring financial income | 75 | €677 | €4 | -€673 | -99.3% |
| Financial charges | 65/66B | €1,698 | €5,950 | +€4,252 | +250% |
| Recurring financial charges | 65 | €1,698 | €5,950 | +€4,252 | +250% |
| Profit (loss) for the period before taxes | 9903 | €28,313 | €14,193 | -€14,120 | -49.9% |
| Income taxes | 67/77 | €8,321 | €4,647 | -€3,673 | -44.1% |
| Profit (loss) for the period | 9904 | €19,992 | €9,546 | -€10,447 | -52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,992 | €9,546 | -€10,447 | -52.3% |
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 13 October 2026 via checked.be.