Stevens Logistics: 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 Logistics
Largest movements
- Receivables within one year +€193,412
up €193,412 (+19.7%), from €983,853 to €1.2m
of which Other amounts receivable: +€122,066
- Tangible fixed assets -€127,220
down €127,220 (-82.4%), from €154,427 to €27,207
of which Leasing and similar rights: -€66,025
- Cash -€87,322
down €87,322 (-66.0%), from €132,290 to €44,968
mainly Receivables within one year (-€193,412) and Current portion of long-term debt (-€59,234)
- Trade debts +€68,420
up €68,420 (+103.5%), from €66,125 to €134,546
- Current portion of long-term debt -€59,234
down €59,234 (-86.1%), from €68,797 to €9,563
- Gross operating margin -€162,982
down €162,982 (-32.8%), from €497,313 to €334,331
- Staff costs -€104,875
down €104,875 (-35.0%), from €299,402 to €194,527
- Taxes -€15,026
down €15,026 (-90.1%), from €16,684 to €1,658
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 | €1,283,241 | €1,273,772 | -€9,470 | -0.7% |
| Fixed assets | 21/28 | €155,102 | €27,882 | -€127,220 | -82.0% |
| Tangible fixed assets | 22/27 | €154,427 | €27,207 | -€127,220 | -82.4% |
| Furniture and vehicles | 24 | €76,340 | €15,145 | -€61,195 | -80.2% |
| Leasing and similar rights | 25 | €78,086 | €12,061 | -€66,025 | -84.6% |
| Financial fixed assets | 28 | €675 | €675 | = | 0.0% |
| Current assets | 29/58 | €1,128,140 | €1,245,890 | +€117,750 | +10.4% |
| Stocks and contracts in progress | 3 | €6,197 | €6,197 | = | 0.0% |
| Stocks | 30/36 | €6,197 | €6,197 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €983,853 | €1,177,266 | +€193,412 | +19.7% |
| Trade receivables | 40 | €211,239 | €282,585 | +€71,346 | +33.8% |
| Other amounts receivable | 41 | €772,614 | €894,681 | +€122,066 | +15.8% |
| Cash at bank and in hand | 54/58 | €132,290 | €44,968 | -€87,322 | -66.0% |
| Deferred charges and accrued income | 490/1 | €5,799 | €17,459 | +€11,660 | +201.1% |
| Total equity and liabilities | 10/49 | €1,283,241 | €1,273,772 | -€9,470 | -0.7% |
| Equity | 10/15 | €1,102,697 | €1,103,104 | +€407 | 0.0% |
| Contributions | 10/11 | €449,927 | €449,927 | = | 0.0% |
| Capital | 10 | €449,927 | €449,927 | = | 0.0% |
| Issued capital | 100 | €449,927 | €449,927 | = | 0.0% |
| Reserves | 13 | €369,993 | €369,993 | = | 0.0% |
| Non-distributable reserves | 130/1 | €44,993 | €44,993 | = | 0.0% |
| Legal reserve | 130 | €44,993 | €44,993 | = | 0.0% |
| Distributable reserves | 133 | €325,000 | €325,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €282,778 | €283,184 | +€407 | +0.1% |
| Amounts payable | 17/49 | €180,544 | €170,668 | -€9,876 | -5.5% |
| Amounts payable after more than one year | 17 | €8,677 | - | -€8,677 | |
| Financial debts | 170/4 | €8,677 | - | -€8,677 | |
| Amounts payable within one year | 42/48 | €171,868 | €170,668 | -€1,200 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €68,797 | €9,563 | -€59,234 | -86.1% |
| Trade debts | 44 | €66,125 | €134,546 | +€68,420 | +103.5% |
| Suppliers | 440/4 | €66,125 | €134,546 | +€68,420 | +103.5% |
| Taxes, remuneration and social security | 45 | €36,946 | €26,559 | -€10,387 | -28.1% |
| Taxes | 450/3 | €11,031 | €8,356 | -€2,675 | -24.2% |
| Remuneration and social security | 454/9 | €25,915 | €18,203 | -€7,712 | -29.8% |
| Remuneration, social security and pensions | 62 | €299,402 | €194,527 | -€104,875 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,643 | €127,220 | -€423 | -0.3% |
| Other operating charges | 640/8 | €6,037 | €7,739 | +€1,702 | +28.2% |
| Gross operating margin | 9900 | €497,313 | €334,331 | -€162,982 | -32.8% |
| Operating profit (loss) | 9901 | €64,231 | €4,845 | -€59,386 | -92.5% |
| Financial income | 75/76B | - | €63 | +€63 | |
| Recurring financial income | 75 | - | €63 | +€63 | |
| Financial charges | 65/66B | €3,940 | €2,844 | -€1,096 | -27.8% |
| Recurring financial charges | 65 | €3,940 | €2,844 | -€1,096 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €60,291 | €2,064 | -€58,227 | -96.6% |
| Income taxes | 67/77 | €16,684 | €1,658 | -€15,026 | -90.1% |
| Profit (loss) for the period | 9904 | €43,607 | €407 | -€43,201 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,607 | €407 | -€43,201 | -99.1% |
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 8 October 2026 via checked.be.