STEVENS - VAN HOECKE: what changed
STEVENS - VAN HOECKE
Largest movements
- Receivables within one year -€21,930
down €21,930 (-9.5%), from €230,336 to €208,406
of which Trade receivables: -€41,639
- Cash -€14,363
down €14,363 (-74.0%), from €19,406 to €5,043
mainly Tax, wage and social debts (-€11,389) and Stocks and contracts (-€10,000)
- Stocks and contracts +€10,000
up €10,000 (+59.5%), from €16,800 to €26,800
of which Stocks: +€10,000
- Tangible fixed assets +€7,620
up €7,620 (+355%), from €2,145 to €9,765
of which Plant, machinery and equipment: +€7,951
- Tax, wage and social debts -€11,389
down €11,389 (-21.0%), from €54,134 to €42,745
of which Remuneration and social security: -€8,703
- Trade debts -€6,861
down €6,861 (-25.4%), from €26,975 to €20,114
- Staff costs +€16,302
up €16,302 (+26.3%), from €62,002 to €78,305
- Gross operating margin -€13,291
down €13,291 (-12.8%), from €104,217 to €90,927
- Taxes -€6,036
down €6,036 (-78.0%), from €7,744 to €1,707
- Other operating charges +€4,119
up €4,119 (+330%), from €1,250 to €5,369
- Financial charges -€2,385
down €2,385 (-35.9%), from €6,647 to €4,262
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €270,833 | €252,181 | -€18,652 | -6.9% |
| Fixed assets | 21/28 | €2,808 | €10,428 | +€7,620 | +271% |
| Tangible fixed assets | 22/27 | €2,145 | €9,765 | +€7,620 | +355% |
| Land and buildings | 22 | €1,385 | €1,114 | -€271 | -19.6% |
| Plant, machinery and equipment | 23 | €699 | €8,651 | +€7,951 | +1,137% |
| Furniture and vehicles | 24 | €61 | - | -€61 | |
| Financial fixed assets | 28 | €663 | €663 | = | 0.0% |
| Current assets | 29/58 | €268,025 | €241,753 | -€26,272 | -9.8% |
| Stocks and contracts in progress | 3 | €16,800 | €26,800 | +€10,000 | +59.5% |
| Stocks | 30/36 | €11,800 | €21,800 | +€10,000 | +84.7% |
| Contracts in progress | 37 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €230,336 | €208,406 | -€21,930 | -9.5% |
| Trade receivables | 40 | €89,069 | €47,430 | -€41,639 | -46.7% |
| Other amounts receivable | 41 | €141,267 | €160,976 | +€19,709 | +14.0% |
| Cash at bank and in hand | 54/58 | €19,406 | €5,043 | -€14,363 | -74.0% |
| Deferred charges and accrued income | 490/1 | €1,483 | €1,505 | +€21 | +1.4% |
| Total equity and liabilities | 10/49 | €270,833 | €252,181 | -€18,652 | -6.9% |
| Equity | 10/15 | €185,884 | €185,481 | -€403 | -0.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €145,884 | €145,481 | -€403 | -0.3% |
| Distributable reserves | 133 | €145,884 | €145,481 | -€403 | -0.3% |
| Amounts payable | 17/49 | €84,949 | €66,700 | -€18,249 | -21.5% |
| Amounts payable within one year | 42/48 | €84,949 | €66,700 | -€18,249 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €3,840 | €3,840 | = | 0.0% |
| Trade debts | 44 | €26,975 | €20,114 | -€6,861 | -25.4% |
| Suppliers | 440/4 | €26,975 | €20,114 | -€6,861 | -25.4% |
| Taxes, remuneration and social security | 45 | €54,134 | €42,745 | -€11,389 | -21.0% |
| Taxes | 450/3 | €28,241 | €25,556 | -€2,685 | -9.5% |
| Remuneration and social security | 454/9 | €25,893 | €17,189 | -€8,703 | -33.6% |
| Non-recurring operating income | 76A | €6,307 | - | -€6,307 | |
| Remuneration, social security and pensions | 62 | €62,002 | €78,305 | +€16,302 | +26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €691 | €1,928 | +€1,237 | +179% |
| Other operating charges | 640/8 | €1,250 | €5,369 | +€4,119 | +330% |
| Gross operating margin | 9900 | €104,217 | €90,927 | -€13,291 | -12.8% |
| Operating profit (loss) | 9901 | €40,274 | €5,326 | -€34,948 | -86.8% |
| Financial income | 75/76B | €77 | €240 | +€164 | +214% |
| Recurring financial income | 75 | €77 | €240 | +€164 | +214% |
| Financial charges | 65/66B | €6,647 | €4,262 | -€2,385 | -35.9% |
| Recurring financial charges | 65 | €6,647 | €4,262 | -€2,385 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €33,704 | €1,304 | -€32,400 | -96.1% |
| Income taxes | 67/77 | €7,744 | €1,707 | -€6,036 | -78.0% |
| Profit (loss) for the period | 9904 | €25,960 | -€403 | -€26,363 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,960 | -€403 | -€26,363 |
Next steps
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 2 November 2026 via checked.be.