STEVENS et Co: 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.
What changed
STEVENS et Co
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€65,121
2024 · -€54,177-€10,944
Equity
€310,598
2024 · €390,148-€79,550
Cash
€5,425
2024 · €7,541-€2,116
Balance sheet total
€1.5m
2024 · €1.5m-€72,497
Largest movements
Assets
- Tangible fixed assets -€73,560
down €73,560 (-4.8%), from €1.5m to €1.5m
of which Land and buildings: -€59,370
Equity and liabilities
- Profit (loss) carried forward -€65,121
down €65,121 (-103%), from -€63,310 to -€128,432
Income statement
- Gross operating margin -€24,837
down €24,837 (-54.2%), from €45,852 to €21,015
- Other operating charges +€487
up €487 (+3.7%), from €13,255 to €13,742
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.
Result 2024
-€54,177
Gross operating margin
-€24,837
Other operating charges
-€487
Financial charges
-€67
Taxes
+€18
Deferred taxes and other
+€14,429
Result 2025
-€65,121
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€12,313
Investment
€0
Financing
-€14,429
Cash 2024
€7,541
From operations (derived)
+€12,313
Net result for the year
-€65,121
Depreciation
+€73,560
Receivables within one year
-€3,434
Deferred charges and accrued income
+€255
Provisions
-€4,810
Trade debts
+€4,730
Tax, wage and social debts
+€196
Advances received
-€1,673
Other debts
+€11,310
Accrued charges and deferred income
-€2,700
Financing
-€14,429
Contributions, distributions and other
-€14,429
Cash 2025
€5,425
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,545,278 | €1,472,781 | -€72,497 | -4.7% |
| Fixed assets | 21/28 | €1,537,483 | €1,463,923 | -€73,560 | -4.8% |
| Tangible fixed assets | 22/27 | €1,537,483 | €1,463,923 | -€73,560 | -4.8% |
| Land and buildings | 22 | €1,493,214 | €1,433,843 | -€59,370 | -4.0% |
| Plant, machinery and equipment | 23 | €3,100 | €2,774 | -€325 | -10.5% |
| Furniture and vehicles | 24 | €41,169 | €27,305 | -€13,864 | -33.7% |
| Current assets | 29/58 | €7,796 | €8,858 | +€1,063 | +13.6% |
| Amounts receivable within one year | 40/41 | - | €3,434 | +€3,434 | |
| Trade receivables | 40 | - | €3,434 | +€3,434 | |
| Cash at bank and in hand | 54/58 | €7,541 | €5,425 | -€2,116 | -28.1% |
| Deferred charges and accrued income | 490/1 | €255 | - | -€255 | |
| Total equity and liabilities | 10/49 | €1,545,278 | €1,472,781 | -€72,497 | -4.7% |
| Equity | 10/15 | €390,148 | €310,598 | -€79,550 | -20.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €450,958 | €436,529 | -€14,429 | -3.2% |
| Tax-exempt reserves | 132 | €450,958 | €436,529 | -€14,429 | -3.2% |
| Profit (loss) carried forward | 14 | -€63,310 | -€128,432 | -€65,121 | -103% |
| Provisions and deferred taxes | 16 | €144,878 | €140,069 | -€4,810 | -3.3% |
| Deferred taxes | 168 | €144,878 | €140,069 | -€4,810 | -3.3% |
| Amounts payable | 17/49 | €1,010,252 | €1,022,115 | +€11,863 | +1.2% |
| Amounts payable after more than one year | 17 | €895,000 | €895,000 | = | 0.0% |
| Financial debts | 170/4 | €895,000 | €895,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €107,052 | €121,615 | +€14,563 | +13.6% |
| Trade debts | 44 | - | €4,730 | +€4,730 | |
| Suppliers | 440/4 | - | €4,730 | +€4,730 | |
| Advances received on contracts in progress | 46 | €1,673 | - | -€1,673 | |
| Taxes, remuneration and social security | 45 | €214 | €410 | +€196 | +91.5% |
| Taxes | 450/3 | €214 | €410 | +€196 | +91.5% |
| Other amounts payable | 47/48 | €105,165 | €116,475 | +€11,310 | +10.8% |
| Accrued charges and deferred income | 492/3 | €8,200 | €5,500 | -€2,700 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,560 | €73,560 | = | 0.0% |
| Other operating charges | 640/8 | €13,255 | €13,742 | +€487 | +3.7% |
| Gross operating margin | 9900 | €45,852 | €21,015 | -€24,837 | -54.2% |
| Operating profit (loss) | 9901 | -€40,962 | -€66,286 | -€25,324 | -61.8% |
| Financial charges | 65/66B | €17,811 | €17,878 | +€67 | +0.4% |
| Recurring financial charges | 65 | €17,811 | €17,812 | +€2 | 0.0% |
| Non-recurring financial charges | 66B | - | €66 | +€66 | |
| Profit (loss) for the period before taxes | 9903 | -€58,773 | -€84,164 | -€25,391 | -43.2% |
| Transfer from deferred taxes | 780 | €4,810 | €19,239 | +€14,429 | +300% |
| Income taxes | 67/77 | €214 | €196 | -€18 | -8.5% |
| Profit (loss) for the period | 9904 | -€54,177 | -€65,121 | -€10,944 | -20.2% |
| Transfer from tax-exempt reserves | 789 | €14,429 | - | -€14,429 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,749 | -€65,121 | -€25,373 | -63.8% |
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 23 October 2026 via checked.be.