STEVENS MARC: 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 MARC
Largest movements
- Cash +€18,829
up €18,829 (+62.7%), from €30,012 to €48,841
mainly Stocks and contracts (+€10,376) and Net result for the year (+€8,826)
- Stocks and contracts -€10,376
down €10,376 (-32.7%), from €31,751 to €21,375
of which Contracts in progress: -€7,816
- Receivables within one year -€8,634
down €8,634 (-22.3%), from €38,634 to €30,000
of which Trade receivables: -€7,567
- Tangible fixed assets -€6,827
down €6,827 (-48.9%), from €13,972 to €7,145
- Debts after one year -€6,310
down €6,310 (-92.2%), from €6,844 to €533
- Other debts -€5,000
no longer reported in 2025 (was €5,000)
- Reserves +€3,996
up €3,996 (+13.2%), from €30,363 to €34,359
- Trade debts +€1,255
up €1,255 (+21.4%), from €5,866 to €7,121
- Gross operating margin +€3,520
up €3,520 (+17.7%), from €19,918 to €23,438
- Taxes +€2,140
up €2,140 (+59.9%), from €3,575 to €5,715
- Depreciation -€1,615
down €1,615 (-19.1%), from €8,442 to €6,827
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,609 | €107,602 | -€7,006 | -6.1% |
| Fixed assets | 21/28 | €14,152 | €7,325 | -€6,827 | -48.2% |
| Tangible fixed assets | 22/27 | €13,972 | €7,145 | -€6,827 | -48.9% |
| Furniture and vehicles | 24 | €13,972 | €7,145 | -€6,827 | -48.9% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €100,457 | €100,277 | -€179 | -0.2% |
| Stocks and contracts in progress | 3 | €31,751 | €21,375 | -€10,376 | -32.7% |
| Stocks | 30/36 | €19,751 | €17,191 | -€2,560 | -13.0% |
| Contracts in progress | 37 | €12,000 | €4,184 | -€7,816 | -65.1% |
| Amounts receivable within one year | 40/41 | €38,634 | €30,000 | -€8,634 | -22.3% |
| Trade receivables | 40 | €30,679 | €23,112 | -€7,567 | -24.7% |
| Other amounts receivable | 41 | €7,955 | €6,888 | -€1,067 | -13.4% |
| Cash at bank and in hand | 54/58 | €30,012 | €48,841 | +€18,829 | +62.7% |
| Deferred charges and accrued income | 490/1 | €60 | €62 | +€2 | +3.4% |
| Total equity and liabilities | 10/49 | €114,609 | €107,602 | -€7,006 | -6.1% |
| Equity | 10/15 | €88,925 | €92,922 | +€3,996 | +4.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €30,363 | €34,359 | +€3,996 | +13.2% |
| Distributable reserves | 133 | €30,363 | €34,359 | +€3,996 | +13.2% |
| Profit (loss) carried forward | 14 | €46,163 | €46,163 | = | 0.0% |
| Amounts payable | 17/49 | €25,683 | €14,681 | -€11,003 | -42.8% |
| Amounts payable after more than one year | 17 | €6,844 | €533 | -€6,310 | -92.2% |
| Financial debts | 170/4 | €6,844 | €533 | -€6,310 | -92.2% |
| Amounts payable within one year | 42/48 | €18,840 | €14,147 | -€4,692 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €6,240 | €6,310 | +€70 | +1.1% |
| Trade debts | 44 | €5,866 | €7,121 | +€1,255 | +21.4% |
| Suppliers | 440/4 | €5,866 | €7,121 | +€1,255 | +21.4% |
| Taxes, remuneration and social security | 45 | €1,733 | €715 | -€1,018 | -58.7% |
| Taxes | 450/3 | €1,733 | €715 | -€1,018 | -58.7% |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €167 | - | -€167 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,442 | €6,827 | -€1,615 | -19.1% |
| Other operating charges | 640/8 | €1,848 | €1,638 | -€210 | -11.4% |
| Gross operating margin | 9900 | €19,918 | €23,438 | +€3,520 | +17.7% |
| Operating profit (loss) | 9901 | €9,461 | €14,973 | +€5,512 | +58.3% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €244 | €431 | +€187 | +76.8% |
| Recurring financial charges | 65 | €244 | €431 | +€187 | +76.8% |
| Profit (loss) for the period before taxes | 9903 | €9,221 | €14,541 | +€5,321 | +57.7% |
| Income taxes | 67/77 | €3,575 | €5,715 | +€2,140 | +59.9% |
| Profit (loss) for the period | 9904 | €5,646 | €8,826 | +€3,180 | +56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,646 | €8,826 | +€3,180 | +56.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.