STEVENS GROUP: 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 GROUP
Largest movements
- Cash -€845,735
down €845,735 (-72.7%), from €1.2m to €317,708
mainly Other debts (-€505,086) and Current portion of long-term debt (-€210,000)
- Receivables within one year +€199,171
up €199,171 (+4607.5%), from €4,323 to €203,494
of which Trade receivables: +€196,500
- Other debts -€505,086
down €505,086 (-98.4%), from €513,039 to €7,952
- Current portion of long-term debt -€210,000
no longer reported in 2025 (was €210,000)
- Accrued charges and deferred income +€91,500
up €91,500 (+22.2%), from €411,750 to €503,250
- Financial income -€1.2m
down €1.2m (-100.0%), from €1.2m to €0
- Financial charges -€45,710
down €45,710 (-33.1%), from €138,034 to €92,324
- Services and other goods +€27,271
up €27,271 (+32.0%), from €85,146 to €112,417
- Turnover +€15,000
up €15,000 (+10.0%), from €150,000 to €165,000
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 | €9,056,063 | €8,409,500 | -€646,563 | -7.1% |
| Fixed assets | 21/28 | €7,888,298 | €7,888,298 | = | 0.0% |
| Financial fixed assets | 28 | €7,888,298 | €7,888,298 | = | 0.0% |
| Affiliated companies | 280/1 | €7,888,298 | €7,888,298 | = | 0.0% |
| Participating interests | 280 | €7,888,298 | €7,888,298 | = | 0.0% |
| Current assets | 29/58 | €1,167,765 | €521,202 | -€646,563 | -55.4% |
| Amounts receivable within one year | 40/41 | €4,323 | €203,494 | +€199,171 | +4607.5% |
| Trade receivables | 40 | - | €196,500 | +€196,500 | |
| Other amounts receivable | 41 | €4,323 | €6,994 | +€2,671 | +61.8% |
| Cash at bank and in hand | 54/58 | €1,163,443 | €317,708 | -€845,735 | -72.7% |
| Total equity and liabilities | 10/49 | €9,056,063 | €8,409,500 | -€646,563 | -7.1% |
| Equity | 10/15 | €3,343,250 | €3,302,510 | -€40,740 | -1.2% |
| Contributions | 10/11 | €1,450,000 | €1,450,000 | = | 0.0% |
| Capital | 10 | €1,450,000 | €1,450,000 | = | 0.0% |
| Issued capital | 100 | €1,450,000 | €1,450,000 | = | 0.0% |
| Reserves | 13 | €1,893,250 | €1,852,510 | -€40,740 | -2.2% |
| Non-distributable reserves | 130/1 | €94,662 | €94,662 | = | 0.0% |
| Legal reserve | 130 | €94,662 | €94,662 | = | 0.0% |
| Distributable reserves | 133 | €1,798,587 | €1,757,847 | -€40,740 | -2.3% |
| Amounts payable | 17/49 | €5,712,814 | €5,106,990 | -€605,823 | -10.6% |
| Amounts payable after more than one year | 17 | €4,575,000 | €4,575,000 | = | 0.0% |
| Financial debts | 170/4 | €4,575,000 | €4,575,000 | = | 0.0% |
| Other loans | 174 | €4,575,000 | €4,575,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €726,064 | €28,740 | -€697,323 | -96.0% |
| Current portion of amounts payable after more than one year | 42 | €210,000 | - | -€210,000 | |
| Trade debts | 44 | €3,025 | €20,788 | +€17,763 | +587.2% |
| Suppliers | 440/4 | €3,025 | €20,788 | +€17,763 | +587.2% |
| Other amounts payable | 47/48 | €513,039 | €7,952 | -€505,086 | -98.4% |
| Accrued charges and deferred income | 492/3 | €411,750 | €503,250 | +€91,500 | +22.2% |
| Operating income | 70/76A | €150,000 | €165,000 | +€15,000 | +10.0% |
| Turnover | 70 | €150,000 | €165,000 | +€15,000 | +10.0% |
| Operating charges | 60/66A | €86,114 | €113,416 | +€27,302 | +31.7% |
| Services and other goods | 61 | €85,146 | €112,417 | +€27,271 | +32.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | €63,886 | €51,584 | -€12,302 | -19.3% |
| Financial income | 75/76B | €1,200,000 | €0 | -€1.2m | -100.0% |
| Recurring financial income | 75 | €1,200,000 | €0 | -€1.2m | -100.0% |
| Income from financial fixed assets | 750 | €1,200,000 | - | -€1.2m | |
| Income from current assets | 751 | €0 | €0 | +€0 | +80.0% |
| Financial charges | 65/66B | €138,034 | €92,324 | -€45,710 | -33.1% |
| Recurring financial charges | 65 | €138,034 | €92,324 | -€45,710 | -33.1% |
| Debt charges | 650 | €137,250 | €91,500 | -€45,750 | -33.3% |
| Other financial charges | 652/9 | €784 | €824 | +€40 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €1,125,852 | -€40,740 | -€1.2m | |
| Income taxes | 67/77 | €0 | €0 | +€0 | +200.0% |
| Taxes | 670/3 | €0 | €0 | +€0 | +200.0% |
| Profit (loss) for the period | 9904 | €1,125,852 | -€40,740 | -€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,125,852 | -€40,740 | -€1.2m |
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 5 October 2026 via checked.be.