STEVENS YATI: 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 YATI
Largest movements
- Tangible fixed assets +€315,117
up €315,117 (+103.0%), from €306,016 to €621,133
of which Land and buildings: +€267,906
- Receivables within one year +€12,690
up €12,690 (+321.5%), from €3,947 to €16,637
- Debts after one year +€249,681
up €249,681 (+117.6%), from €212,276 to €461,956
- Reserves +€54,160
up €54,160 (+61.2%), from €88,520 to €142,681
of which Distributable reserves: +€54,160
- Current portion of long-term debt +€22,433
up €22,433 (+108.5%), from €20,679 to €43,111
- Gross operating margin +€45,919
up €45,919 (+35.2%), from €130,318 to €176,237
- Staff costs +€14,416
up €14,416 (+35.3%), from €40,862 to €55,278
- Depreciation +€14,341
up €14,341 (+68.7%), from €20,877 to €35,218
- Financial charges +€4,679
up €4,679 (+44.1%), from €10,611 to €15,290
- Taxes +€3,732
up €3,732 (+33.8%), from €11,053 to €14,786
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 | €350,939 | €673,846 | +€322,907 | +92.0% |
| Fixed assets | 21/28 | €306,016 | €621,133 | +€315,117 | +103.0% |
| Tangible fixed assets | 22/27 | €306,016 | €621,133 | +€315,117 | +103.0% |
| Land and buildings | 22 | €256,233 | €524,139 | +€267,906 | +104.6% |
| Plant, machinery and equipment | 23 | €45,783 | €40,486 | -€5,297 | -11.6% |
| Furniture and vehicles | 24 | €4,000 | €6,146 | +€2,146 | +53.7% |
| Leasing and similar rights | 25 | - | €50,362 | +€50,362 | |
| Current assets | 29/58 | €44,924 | €52,713 | +€7,790 | +17.3% |
| Amounts receivable within one year | 40/41 | €3,947 | €16,637 | +€12,690 | +321.5% |
| Other amounts receivable | 41 | €3,947 | €16,637 | +€12,690 | +321.5% |
| Cash at bank and in hand | 54/58 | €39,496 | €33,292 | -€6,204 | -15.7% |
| Deferred charges and accrued income | 490/1 | €1,481 | €2,785 | +€1,304 | +88.0% |
| Total equity and liabilities | 10/49 | €350,939 | €673,846 | +€322,907 | +92.0% |
| Equity | 10/15 | €89,520 | €143,681 | +€54,160 | +60.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €88,520 | €142,681 | +€54,160 | +61.2% |
| Tax-exempt reserves | 132 | €3,073 | €3,073 | = | 0.0% |
| Distributable reserves | 133 | €85,447 | €139,608 | +€54,160 | +63.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €261,419 | €530,165 | +€268,747 | +102.8% |
| Amounts payable after more than one year | 17 | €212,276 | €461,956 | +€249,681 | +117.6% |
| Financial debts | 170/4 | €212,276 | €461,956 | +€249,681 | +117.6% |
| Amounts payable within one year | 42/48 | €48,143 | €68,209 | +€20,066 | +41.7% |
| Current portion of amounts payable after more than one year | 42 | €20,679 | €43,111 | +€22,433 | +108.5% |
| Trade debts | 44 | €16,797 | €17,293 | +€496 | +3.0% |
| Suppliers | 440/4 | €16,797 | €17,293 | +€496 | +3.0% |
| Taxes, remuneration and social security | 45 | €6,261 | €2,578 | -€3,683 | -58.8% |
| Taxes | 450/3 | €3,683 | €0 | -€3,683 | -100.0% |
| Remuneration and social security | 454/9 | €2,578 | €2,578 | = | 0.0% |
| Other amounts payable | 47/48 | €4,406 | €5,227 | +€821 | +18.6% |
| Accrued charges and deferred income | 492/3 | €1,000 | €0 | -€1,000 | -100.0% |
| Non-recurring operating income | 76A | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €40,862 | €55,278 | +€14,416 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,877 | €35,218 | +€14,341 | +68.7% |
| Other operating charges | 640/8 | €1,695 | €1,789 | +€94 | +5.5% |
| Gross operating margin | 9900 | €130,318 | €176,237 | +€45,919 | +35.2% |
| Operating profit (loss) | 9901 | €66,884 | €83,953 | +€17,068 | +25.5% |
| Financial income | 75/76B | €71 | €283 | +€212 | +297.8% |
| Recurring financial income | 75 | €71 | €283 | +€212 | +297.8% |
| Financial charges | 65/66B | €10,611 | €15,290 | +€4,679 | +44.1% |
| Recurring financial charges | 65 | €10,611 | €15,290 | +€4,679 | +44.1% |
| Profit (loss) for the period before taxes | 9903 | €56,344 | €68,946 | +€12,602 | +22.4% |
| Income taxes | 67/77 | €11,053 | €14,786 | +€3,732 | +33.8% |
| Profit (loss) for the period | 9904 | €45,291 | €54,160 | +€8,869 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,291 | €54,160 | +€8,869 | +19.6% |
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 6 October 2026 via checked.be.