STEVENS CONSTRUCT: what changed
Two fiscal 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 CONSTRUCT
Largest movements
- Tangible fixed assets +€757,710
up €757,710 (+42.3%), from €1.8m to €2.6m
of which Land and buildings: +€793,643
- Cash +€181,758
up €181,758 (+64.7%), from €280,992 to €462,750
mainly Debts after one year (+€632,377) and Net result for the year (+€178,513)
- Receivables within one year +€64,625
up €64,625 (+157.8%), from €40,943 to €105,568
of which Trade receivables: +€65,004
- Debts after one year +€632,377
up €632,377 (+121.8%), from €519,370 to €1.2m
- Reserves +€178,000
up €178,000 (+11.6%), from €1.5m to €1.7m
- Current portion of long-term debt +€126,211
up €126,211 (+124.9%), from €101,088 to €227,299
- Other debts +€51,313
up €51,313 (+20.4%), from €251,500 to €302,813
- Staff costs -€103,669
down €103,669 (-22.3%), from €464,222 to €360,553
- Gross operating margin -€66,323
down €66,323 (-8.2%), from €811,605 to €745,282
- Taxes -€8,680
down €8,680 (-13.4%), from €64,661 to €55,981
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 | €2,962,321 | €3,966,415 | +€1.0m | +33.9% |
| Fixed assets | 21/28 | €1,792,796 | €2,550,507 | +€757,710 | +42.3% |
| Tangible fixed assets | 22/27 | €1,792,326 | €2,550,037 | +€757,710 | +42.3% |
| Land and buildings | 22 | €1,718,912 | €2,512,555 | +€793,643 | +46.2% |
| Plant, machinery and equipment | 23 | €193 | - | -€193 | |
| Furniture and vehicles | 24 | €61,863 | €27,449 | -€34,415 | -55.6% |
| Other tangible fixed assets | 26 | €11,359 | €10,033 | -€1,326 | -11.7% |
| Financial fixed assets | 28 | €470 | €470 | = | 0.0% |
| Current assets | 29/58 | €1,169,525 | €1,415,908 | +€246,383 | +21.1% |
| Stocks and contracts in progress | 3 | €847,590 | €847,590 | = | 0.0% |
| Stocks | 30/36 | €847,590 | €847,590 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,943 | €105,568 | +€64,625 | +157.8% |
| Trade receivables | 40 | €39,261 | €104,265 | +€65,004 | +165.6% |
| Other amounts receivable | 41 | €1,682 | €1,303 | -€379 | -22.6% |
| Cash at bank and in hand | 54/58 | €280,992 | €462,750 | +€181,758 | +64.7% |
| Total equity and liabilities | 10/49 | €2,962,321 | €3,966,415 | +€1.0m | +33.9% |
| Equity | 10/15 | €2,077,994 | €2,256,507 | +€178,513 | +8.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,531,860 | €1,709,860 | +€178,000 | +11.6% |
| Distributable reserves | 133 | €1,531,860 | €1,709,860 | +€178,000 | +11.6% |
| Profit (loss) carried forward | 14 | €539,934 | €540,447 | +€513 | +0.1% |
| Amounts payable | 17/49 | €884,328 | €1,709,908 | +€825,581 | +93.4% |
| Amounts payable after more than one year | 17 | €519,370 | €1,151,747 | +€632,377 | +121.8% |
| Financial debts | 170/4 | €519,370 | €1,151,747 | +€632,377 | +121.8% |
| Amounts payable within one year | 42/48 | €364,958 | €558,161 | +€193,204 | +52.9% |
| Current portion of amounts payable after more than one year | 42 | €101,088 | €227,299 | +€126,211 | +124.9% |
| Taxes, remuneration and social security | 45 | €12,369 | €28,050 | +€15,680 | +126.8% |
| Taxes | 450/3 | €12,369 | €24,297 | +€11,928 | +96.4% |
| Remuneration and social security | 454/9 | - | €3,753 | +€3,753 | |
| Other amounts payable | 47/48 | €251,500 | €302,813 | +€51,313 | +20.4% |
| Remuneration, social security and pensions | 62 | €464,222 | €360,553 | -€103,669 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,152 | €130,950 | +€4,798 | +3.8% |
| Other operating charges | 640/8 | €13,191 | €13,283 | +€92 | +0.7% |
| Gross operating margin | 9900 | €811,605 | €745,282 | -€66,323 | -8.2% |
| Operating profit (loss) | 9901 | €208,041 | €240,496 | +€32,456 | +15.6% |
| Financial income | 75/76B | €174 | €374 | +€200 | +115.1% |
| Recurring financial income | 75 | €174 | €374 | +€200 | +115.1% |
| Financial charges | 65/66B | €7,214 | €6,376 | -€838 | -11.6% |
| Recurring financial charges | 65 | €7,214 | €6,376 | -€838 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €201,000 | €234,494 | +€33,494 | +16.7% |
| Income taxes | 67/77 | €64,661 | €55,981 | -€8,680 | -13.4% |
| Profit (loss) for the period | 9904 | €136,339 | €178,513 | +€42,174 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €136,339 | €178,513 | +€42,174 | +30.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.