Stevens Eric: 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 Eric
Largest movements
- Tangible fixed assets +€47,641
up €47,641 (+31.5%), from €151,424 to €199,065
of which Furniture and vehicles: +€40,822
- Receivables within one year -€26,306
down €26,306 (-51.1%), from €51,523 to €25,217
of which Trade receivables: -€18,133
- Cash -€8,253
down €8,253 (-58.8%), from €14,043 to €5,790
mainly Investment in fixed assets (net) (-€64,500) and Other debts (-€20,038)
- Other debts -€20,038
down €20,038 (-36.7%), from €54,674 to €34,636
- Short-term financial debts +€18,500
up €18,500 (+284.6%), from €6,500 to €25,000
- Debts after one year +€17,462
up €17,462 (+27.4%), from €63,717 to €81,179
- Tax, wage and social debts -€5,634
down €5,634 (-59.2%), from €9,516 to €3,882
of which Taxes: -€5,574
- Trade debts -€4,784
down €4,784 (-45.3%), from €10,554 to €5,770
- Gross operating margin -€23,594
down €23,594 (-43.0%), from €54,816 to €31,222
- Other operating charges -€6,696
down €6,696 (-76.5%), from €8,758 to €2,062
- Write-downs +€1,021
new in 2025: €1,021
- Taxes -€903
down €903 (-67.6%), from €1,336 to €433
- Staff costs -€648
down €648 (-40.9%), from €1,585 to €937
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 | €217,636 | €230,752 | +€13,116 | +6.0% |
| Fixed assets | 21/28 | €151,564 | €199,205 | +€47,641 | +31.4% |
| Tangible fixed assets | 22/27 | €151,424 | €199,065 | +€47,641 | +31.5% |
| Land and buildings | 22 | €149,552 | €156,372 | +€6,820 | +4.6% |
| Furniture and vehicles | 24 | €1,872 | €42,693 | +€40,822 | +2180.8% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €66,072 | €31,547 | -€34,525 | -52.3% |
| Amounts receivable within one year | 40/41 | €51,523 | €25,217 | -€26,306 | -51.1% |
| Trade receivables | 40 | €36,064 | €17,931 | -€18,133 | -50.3% |
| Other amounts receivable | 41 | €15,459 | €7,286 | -€8,173 | -52.9% |
| Cash at bank and in hand | 54/58 | €14,043 | €5,790 | -€8,253 | -58.8% |
| Deferred charges and accrued income | 490/1 | €506 | €540 | +€33 | +6.6% |
| Total equity and liabilities | 10/49 | €217,636 | €230,752 | +€13,116 | +6.0% |
| Equity | 10/15 | €55,754 | €60,084 | +€4,330 | +7.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €43,354 | €47,684 | +€4,330 | +10.0% |
| Distributable reserves | 133 | €43,354 | €47,684 | +€4,330 | +10.0% |
| Amounts payable | 17/49 | €161,882 | €170,669 | +€8,786 | +5.4% |
| Amounts payable after more than one year | 17 | €63,717 | €81,179 | +€17,462 | +27.4% |
| Financial debts | 170/4 | €63,717 | €81,179 | +€17,462 | +27.4% |
| Amounts payable within one year | 42/48 | €98,166 | €89,490 | -€8,676 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €16,921 | €20,202 | +€3,280 | +19.4% |
| Financial debts | 43 | €6,500 | €25,000 | +€18,500 | +284.6% |
| Credit institutions | 430/8 | €6,500 | €25,000 | +€18,500 | +284.6% |
| Trade debts | 44 | €10,554 | €5,770 | -€4,784 | -45.3% |
| Suppliers | 440/4 | €10,554 | €5,770 | -€4,784 | -45.3% |
| Taxes, remuneration and social security | 45 | €9,516 | €3,882 | -€5,634 | -59.2% |
| Taxes | 450/3 | €9,456 | €3,882 | -€5,574 | -58.9% |
| Remuneration and social security | 454/9 | €60 | - | -€60 | |
| Other amounts payable | 47/48 | €54,674 | €34,636 | -€20,038 | -36.7% |
| Remuneration, social security and pensions | 62 | €1,585 | €937 | -€648 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,952 | €16,859 | -€93 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,021 | +€1,021 | |
| Other operating charges | 640/8 | €8,758 | €2,062 | -€6,696 | -76.5% |
| Non-recurring operating charges | 66A | €1,695 | - | -€1,695 | |
| Gross operating margin | 9900 | €54,816 | €31,222 | -€23,594 | -43.0% |
| Operating profit (loss) | 9901 | €25,826 | €10,343 | -€15,483 | -59.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -94.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -94.1% |
| Financial charges | 65/66B | €5,962 | €5,581 | -€381 | -6.4% |
| Recurring financial charges | 65 | €5,962 | €5,581 | -€381 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €19,865 | €4,763 | -€15,102 | -76.0% |
| Income taxes | 67/77 | €1,336 | €433 | -€903 | -67.6% |
| Profit (loss) for the period | 9904 | €18,529 | €4,330 | -€14,199 | -76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,529 | €4,330 | -€14,199 | -76.6% |
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 12 October 2026 via checked.be.