STEVENS PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year -€59,015
down €59,015 (-14.7%), from €401,707 to €342,692
- Reserves -€38,000
down €38,000 (-12.8%), from €296,211 to €258,211
- Profit (loss) carried forward -€16,329
down €16,329 (-87.3%), from €18,710 to €2,381
- Other debts -€11,182
down €11,182 (-100%), from €11,182 to €0
- Gross operating margin -€10,662
down €10,662 (-27.0%), from -€39,437 to -€50,100
- Other operating charges -€4,048
down €4,048 (-68.8%), from €5,885 to €1,837
- Depreciation +€528
up €528 (+52.5%), from €1,006 to €1,534
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 | €410,162 | €349,599 | -€60,563 | -14.8% |
| Fixed assets | 21/28 | €5,357 | €6,359 | +€1,002 | +18.7% |
| Tangible fixed assets | 22/27 | €5,357 | €4,864 | -€493 | -9.2% |
| Plant, machinery and equipment | 23 | €5,357 | €3,921 | -€1,436 | -26.8% |
| Furniture and vehicles | 24 | - | €943 | +€943 | |
| Financial fixed assets | 28 | - | €1,495 | +€1,495 | |
| Current assets | 29/58 | €404,806 | €343,240 | -€61,565 | -15.2% |
| Amounts receivable within one year | 40/41 | €401,707 | €342,692 | -€59,015 | -14.7% |
| Other amounts receivable | 41 | €401,707 | €342,692 | -€59,015 | -14.7% |
| Cash at bank and in hand | 54/58 | €3,099 | €549 | -€2,550 | -82.3% |
| Total equity and liabilities | 10/49 | €410,162 | €349,599 | -€60,563 | -14.8% |
| Equity | 10/15 | €327,321 | €272,991 | -€54,329 | -16.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €296,211 | €258,211 | -€38,000 | -12.8% |
| Distributable reserves | 133 | €296,211 | €258,211 | -€38,000 | -12.8% |
| Profit (loss) carried forward | 14 | €18,710 | €2,381 | -€16,329 | -87.3% |
| Amounts payable | 17/49 | €82,841 | €76,608 | -€6,234 | -7.5% |
| Amounts payable within one year | 42/48 | €82,197 | €76,608 | -€5,589 | -6.8% |
| Financial debts | 43 | - | €1,653 | +€1,653 | |
| Credit institutions | 430/8 | - | €1,653 | +€1,653 | |
| Trade debts | 44 | €70,875 | €73,874 | +€2,999 | +4.2% |
| Suppliers | 440/4 | €70,875 | €73,874 | +€2,999 | +4.2% |
| Taxes, remuneration and social security | 45 | €140 | €1,080 | +€941 | +674% |
| Taxes | 450/3 | €140 | €1,080 | +€941 | +674% |
| Other amounts payable | 47/48 | €11,182 | €0 | -€11,182 | -100% |
| Accrued charges and deferred income | 492/3 | €645 | €0 | -€645 | -100% |
| Non-recurring operating income | 76A | €6,098 | €0 | -€6,098 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,006 | €1,534 | +€528 | +52.5% |
| Other operating charges | 640/8 | €5,885 | €1,837 | -€4,048 | -68.8% |
| Gross operating margin | 9900 | -€39,437 | -€50,100 | -€10,662 | -27.0% |
| Operating profit (loss) | 9901 | -€46,328 | -€53,471 | -€7,143 | -15.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €857 | €718 | -€139 | -16.3% |
| Recurring financial charges | 65 | €857 | €718 | -€139 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€47,185 | -€54,189 | -€7,003 | -14.8% |
| Income taxes | 67/77 | €308 | €141 | -€167 | -54.2% |
| Profit (loss) for the period | 9904 | -€47,493 | -€54,329 | -€6,837 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,493 | -€54,329 | -€6,837 | -14.4% |
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 15 October 2026 via checked.be.