STEVENS EXPOMAT: what changed
What changed
STEVENS EXPOMAT
NACE 10.712, Artisanal bread and fresh pastry making
filed annual accounts (NBB)
Net result for the year
€16,474
2024 · €72,812-€56,338
Equity
€2.1m
2024 · €2.1m+€16,474
Cash
€25,231
2024 · €62,528-€37,297
Balance sheet total
€4.2m
2024 · €4.3m-€114,599
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€188,041
down €188,041 (-29.0%), from €648,040 to €459,998
- Trade debts +€81,817
up €81,817 (+19.7%), from €414,391 to €496,208
- Other debts +€48,044
up €48,044 (+11.8%), from €408,532 to €456,576
Income statement
- Gross operating margin -€81,548
down €81,548 (-12.6%), from €645,940 to €564,392
- Financial charges -€20,008
down €20,008 (-26.9%), from €74,419 to €54,411
- Staff costs +€18,590
up €18,590 (+5.4%), from €343,116 to €361,706
- Taxes -€9,783
down €9,783 (-100%), from €9,783 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€72,812
Gross operating margin
-€81,548
Staff costs
-€18,590
Depreciation
-€2,205
Other operating charges
+€2,246
Other operating items
+€10,186
Financial income
+€3,782
Financial charges
+€20,008
Taxes
+€9,783
Result 2025
€16,474
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€293,527
Investment
-€68,391
Financing
-€262,432
Cash 2024
€62,528
From operations (derived)
+€293,527
Net result for the year
+€16,474
Depreciation
+€110,827
Stocks and contracts
+€9,661
Receivables within one year
+€25,205
Trade debts
+€81,817
Tax, wage and social debts
+€2,661
Other debts
+€48,044
Accrued charges and deferred income
-€1,162
Investment (derived)
-€68,391
Investment in fixed assets (net)
-€68,391
Financing
-€262,432
Debts after one year
-€188,041
Current portion of long-term debt
-€34,391
Short-term financial debts
-€40,000
Cash 2025
€25,231
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,301,724 | €4,187,125 | -€114,599 | -2.7% |
| Fixed assets | 21/28 | €2,733,494 | €2,691,058 | -€42,436 | -1.6% |
| Tangible fixed assets | 22/27 | €2,732,434 | €2,689,998 | -€42,436 | -1.6% |
| Land and buildings | 22 | €2,148,074 | €2,110,071 | -€38,003 | -1.8% |
| Plant, machinery and equipment | 23 | €233,216 | €269,221 | +€36,005 | +15.4% |
| Furniture and vehicles | 24 | €7,447 | €5,197 | -€2,250 | -30.2% |
| Leasing and similar rights | 25 | €343,697 | €305,508 | -€38,189 | -11.1% |
| Financial fixed assets | 28 | €1,060 | €1,060 | = | 0.0% |
| Current assets | 29/58 | €1,568,231 | €1,496,067 | -€72,163 | -4.6% |
| Stocks and contracts in progress | 3 | €167,321 | €157,660 | -€9,661 | -5.8% |
| Stocks | 30/36 | €167,321 | €157,660 | -€9,661 | -5.8% |
| Amounts receivable within one year | 40/41 | €1,288,687 | €1,263,482 | -€25,205 | -2.0% |
| Trade receivables | 40 | €2,771 | €0 | -€2,771 | -100% |
| Other amounts receivable | 41 | €1,285,915 | €1,263,482 | -€22,434 | -1.7% |
| Cash at bank and in hand | 54/58 | €62,528 | €25,231 | -€37,297 | -59.6% |
| Deferred charges and accrued income | 490/1 | €49,695 | €49,695 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,301,724 | €4,187,125 | -€114,599 | -2.7% |
| Equity | 10/15 | €2,121,678 | €2,138,152 | +€16,474 | +0.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,858,548 | €1,858,548 | = | 0.0% |
| Reserves | 13 | €283,320 | €283,320 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,200 | €36,200 | = | 0.0% |
| Legal reserve | 130 | €36,200 | €36,200 | = | 0.0% |
| Distributable reserves | 133 | €247,120 | €247,120 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,190 | -€153,716 | +€16,474 | +9.7% |
| Amounts payable | 17/49 | €2,180,046 | €2,048,973 | -€131,073 | -6.0% |
| Amounts payable after more than one year | 17 | €648,040 | €459,998 | -€188,041 | -29.0% |
| Financial debts | 170/4 | €648,040 | €459,998 | -€188,041 | -29.0% |
| Amounts payable within one year | 42/48 | €1,528,851 | €1,586,982 | +€58,130 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €222,432 | €188,041 | -€34,391 | -15.5% |
| Financial debts | 43 | €450,000 | €410,000 | -€40,000 | -8.9% |
| Credit institutions | 430/8 | €450,000 | €410,000 | -€40,000 | -8.9% |
| Trade debts | 44 | €414,391 | €496,208 | +€81,817 | +19.7% |
| Suppliers | 440/4 | €414,391 | €496,208 | +€81,817 | +19.7% |
| Taxes, remuneration and social security | 45 | €33,496 | €36,157 | +€2,661 | +7.9% |
| Taxes | 450/3 | €1,483 | €8,370 | +€6,887 | +464% |
| Remuneration and social security | 454/9 | €32,013 | €27,787 | -€4,226 | -13.2% |
| Other amounts payable | 47/48 | €408,532 | €456,576 | +€48,044 | +11.8% |
| Accrued charges and deferred income | 492/3 | €3,155 | €1,992 | -€1,162 | -36.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €343,116 | €361,706 | +€18,590 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,622 | €110,827 | +€2,205 | +2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €27,429 | €25,183 | -€2,246 | -8.2% |
| Non-recurring operating charges | 66A | €10,186 | €0 | -€10,186 | -100% |
| Gross operating margin | 9900 | €645,940 | €564,392 | -€81,548 | -12.6% |
| Operating profit (loss) | 9901 | €156,587 | €66,676 | -€89,911 | -57.4% |
| Financial income | 75/76B | €427 | €4,209 | +€3,782 | +886% |
| Recurring financial income | 75 | €427 | €4,209 | +€3,782 | +886% |
| Financial charges | 65/66B | €74,419 | €54,411 | -€20,008 | -26.9% |
| Recurring financial charges | 65 | €74,419 | €54,411 | -€20,008 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €82,595 | €16,474 | -€66,121 | -80.1% |
| Income taxes | 67/77 | €9,783 | €0 | -€9,783 | -100% |
| Profit (loss) for the period | 9904 | €72,812 | €16,474 | -€56,338 | -77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,812 | €16,474 | -€56,338 | -77.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.