STEVENS: 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.
STEVENS
Largest movements
- Tangible fixed assets -€14,710
down €14,710 (-64.2%), from €22,919 to €8,209
of which Furniture and vehicles: -€13,944
- Receivables within one year +€9,445
up €9,445 (+29.4%), from €32,151 to €41,596
of which Other amounts receivable: +€9,266
- Cash +€7,996
up €7,996 (+21.9%), from €36,474 to €44,471
mainly Depreciation (+€14,710) and Net result for the year (+€10,440)
- Deferred charges and accrued income -€3,341
down €3,341 (-70.1%), from €4,765 to €1,424
- Tax, wage and social debts -€12,408
down €12,408 (-83.8%), from €14,811 to €2,403
- Reserves +€10,440
up €10,440 (+23.9%), from €43,749 to €54,189
of which Distributable reserves: +€10,440
- Current portion of long-term debt -€3,720
no longer reported in 2025 (was €3,720)
- Other debts +€2,621
new in 2025: €2,621
- Trade debts +€2,616
up €2,616 (+146%), from €1,790 to €4,405
- Gross operating margin -€11,904
down €11,904 (-26.0%), from €45,803 to €33,899
- Taxes -€5,039
down €5,039 (-39.1%), from €12,871 to €7,832
- Depreciation -€1,761
down €1,761 (-10.7%), from €16,471 to €14,710
- Financial income +€1,292
up €1,292 (+187%), from €692 to €1,984
- Other operating charges -€537
down €537 (-21.5%), from €2,497 to €1,960
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 | €96,309 | €95,700 | -€609 | -0.6% |
| Fixed assets | 21/28 | €22,919 | €8,209 | -€14,710 | -64.2% |
| Tangible fixed assets | 22/27 | €22,919 | €8,209 | -€14,710 | -64.2% |
| Land and buildings | 22 | €1,746 | €1,310 | -€437 | -25.0% |
| Plant, machinery and equipment | 23 | €544 | €214 | -€330 | -60.7% |
| Furniture and vehicles | 24 | €20,629 | €6,685 | -€13,944 | -67.6% |
| Current assets | 29/58 | €73,390 | €87,491 | +€14,101 | +19.2% |
| Amounts receivable within one year | 40/41 | €32,151 | €41,596 | +€9,445 | +29.4% |
| Trade receivables | 40 | €91 | €270 | +€179 | +198% |
| Other amounts receivable | 41 | €32,060 | €41,326 | +€9,266 | +28.9% |
| Cash at bank and in hand | 54/58 | €36,474 | €44,471 | +€7,996 | +21.9% |
| Deferred charges and accrued income | 490/1 | €4,765 | €1,424 | -€3,341 | -70.1% |
| Total equity and liabilities | 10/49 | €96,309 | €95,700 | -€609 | -0.6% |
| Equity | 10/15 | €73,449 | €83,889 | +€10,440 | +14.2% |
| Contributions | 10/11 | €29,700 | €29,700 | = | 0.0% |
| Reserves | 13 | €43,749 | €54,189 | +€10,440 | +23.9% |
| Non-distributable reserves | 130/1 | €2,970 | €2,970 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,970 | €2,970 | = | 0.0% |
| Distributable reserves | 133 | €40,779 | €51,219 | +€10,440 | +25.6% |
| Amounts payable | 17/49 | €22,859 | €11,811 | -€11,049 | -48.3% |
| Amounts payable within one year | 42/48 | €22,859 | €11,811 | -€11,049 | -48.3% |
| Current portion of amounts payable after more than one year | 42 | €3,720 | - | -€3,720 | |
| Financial debts | 43 | €2,539 | €2,381 | -€159 | -6.2% |
| Other loans | 439 | €2,539 | €2,381 | -€159 | -6.2% |
| Trade debts | 44 | €1,790 | €4,405 | +€2,616 | +146% |
| Suppliers | 440/4 | €1,790 | €4,405 | +€2,616 | +146% |
| Taxes, remuneration and social security | 45 | €14,811 | €2,403 | -€12,408 | -83.8% |
| Taxes | 450/3 | €14,811 | €2,403 | -€12,408 | -83.8% |
| Other amounts payable | 47/48 | - | €2,621 | +€2,621 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,471 | €14,710 | -€1,761 | -10.7% |
| Other operating charges | 640/8 | €2,497 | €1,960 | -€537 | -21.5% |
| Gross operating margin | 9900 | €45,803 | €33,899 | -€11,904 | -26.0% |
| Operating profit (loss) | 9901 | €26,834 | €17,229 | -€9,605 | -35.8% |
| Financial income | 75/76B | €692 | €1,984 | +€1,292 | +187% |
| Recurring financial income | 75 | €692 | €1,984 | +€1,292 | +187% |
| Financial charges | 65/66B | €970 | €941 | -€29 | -3.0% |
| Recurring financial charges | 65 | €970 | €941 | -€29 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €26,556 | €18,272 | -€8,284 | -31.2% |
| Income taxes | 67/77 | €12,871 | €7,832 | -€5,039 | -39.1% |
| Profit (loss) for the period | 9904 | €13,684 | €10,440 | -€3,245 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,684 | €10,440 | -€3,245 | -23.7% |
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 14 October 2026 via checked.be.