STEVENART OPTIC: 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.
STEVENART OPTIC
Largest movements
- Receivables within one year +€13,273
up €13,273 (+558%), from €2,381 to €15,654
- Tangible fixed assets -€7,457
down €7,457 (-63.9%), from €11,667 to €4,211
of which Furniture and vehicles: -€6,462
- Cash -€3,919
down €3,919 (-59.1%), from €6,635 to €2,716
mainly Receivables within one year (-€13,273) and Net result for the year (-€9,514)
- Deferred charges and accrued income -€417
down €417 (-21.5%), from €1,937 to €1,520
- Trade debts +€12,836
up €12,836 (+1,276%), from €1,006 to €13,842
- Profit (loss) carried forward -€9,514
down €9,514 (-12.3%), from -€77,432 to -€86,947
- Other debts -€1,730
down €1,730 (-2.3%), from €75,237 to €73,507
- Gross operating margin -€14,663
down €14,663, from €13,356 to -€1,307
- Depreciation -€352
down €352 (-4.5%), from €7,809 to €7,457
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 | €22,620 | €24,100 | +€1,481 | +6.5% |
| Fixed assets | 21/28 | €11,667 | €4,211 | -€7,457 | -63.9% |
| Tangible fixed assets | 22/27 | €11,667 | €4,211 | -€7,457 | -63.9% |
| Plant, machinery and equipment | 23 | €1,313 | €319 | -€994 | -75.7% |
| Furniture and vehicles | 24 | €10,355 | €3,892 | -€6,462 | -62.4% |
| Current assets | 29/58 | €10,952 | €19,889 | +€8,937 | +81.6% |
| Amounts receivable within one year | 40/41 | €2,381 | €15,654 | +€13,273 | +558% |
| Trade receivables | 40 | €2,381 | €15,654 | +€13,273 | +558% |
| Cash at bank and in hand | 54/58 | €6,635 | €2,716 | -€3,919 | -59.1% |
| Deferred charges and accrued income | 490/1 | €1,937 | €1,520 | -€417 | -21.5% |
| Total equity and liabilities | 10/49 | €22,620 | €24,100 | +€1,481 | +6.5% |
| Equity | 10/15 | -€55,710 | -€65,224 | -€9,514 | -17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,123 | €3,123 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,623 | €2,623 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,623 | €2,623 | = | 0.0% |
| Tax-exempt reserves | 132 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,432 | -€86,947 | -€9,514 | -12.3% |
| Amounts payable | 17/49 | €78,329 | €89,324 | +€10,995 | +14.0% |
| Amounts payable within one year | 42/48 | €78,329 | €89,324 | +€10,995 | +14.0% |
| Trade debts | 44 | €1,006 | €13,842 | +€12,836 | +1,276% |
| Suppliers | 440/4 | €1,006 | €13,842 | +€12,836 | +1,276% |
| Taxes, remuneration and social security | 45 | €2,086 | €1,975 | -€111 | -5.3% |
| Taxes | 450/3 | €2,086 | €1,975 | -€111 | -5.3% |
| Other amounts payable | 47/48 | €75,237 | €73,507 | -€1,730 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,809 | €7,457 | -€352 | -4.5% |
| Other operating charges | 640/8 | €515 | €528 | +€13 | +2.5% |
| Gross operating margin | 9900 | €13,356 | -€1,307 | -€14,663 | |
| Operating profit (loss) | 9901 | €5,032 | -€9,291 | -€14,323 | |
| Financial charges | 65/66B | €350 | €223 | -€126 | -36.2% |
| Recurring financial charges | 65 | €350 | €223 | -€126 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €4,682 | -€9,514 | -€14,197 | |
| Profit (loss) for the period | 9904 | €4,682 | -€9,514 | -€14,197 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,682 | -€9,514 | -€14,197 |
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 18 October 2026 via checked.be.