STEVENY HOLDING: what changed
What changed
STEVENY HOLDING
filed annual accounts (NBB)
Net result for the year
€17.8m
2024 · €1.6m+€16.2m
Equity
€71.7m
2024 · €53.9m+€17.8m
Cash
€67,204
2024 · €86,934-€19,730
Balance sheet total
€124.2m
2024 · €112.2m+€12.0m
Largest movements
Assets
- Receivables within one year +€24.2m
up €24.2m (+295%), from €8.2m to €32.4m
- Financial fixed assets -€12.3m
down €12.3m (-11.8%), from €104.0m to €91.7m
Equity and liabilities
- Reserves +€17.8m
up €17.8m (+36.4%), from €48.9m to €66.7m
of which Distributable reserves: +€17.8m
- Debts after one year -€5.1m
down €5.1m (-29.8%), from €17.1m to €12.0m
Income statement
- Financial income +€12.7m
up €12.7m (+420%), from €3.0m to €15.7m
- Gross operating margin +€4.2m
up €4.2m, from -€11,202 to €4.1m
- Turnover +€4.2m
new in 2025: €4.2m
- Other operating charges +€1.1m
up €1.1m (+6,018%), from €18,418 to €1.1m
- Financial charges -€321,290
down €321,290 (-26.7%), from €1.2m to €882,888
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.
Result 2024
€1.6m
Gross operating margin
+€4.2m
Other operating charges
-€1.1m
Financial income
+€12.7m
Financial charges
+€321,290
Taxes
+€124,940
Result 2025
€17.8m
raises the resultlowers the result
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.
From operations
-€7.1m
Investment
+€12.3m
Financing
-€5.2m
Cash 2024
€86,934
From operations (derived)
-€7.1m
Net result for the year
+€17.8m
Receivables within one year
-€24.2m
Smaller working-capital items
+€8,351
Other debts
-€712,175
Investment (derived)
+€12.3m
Investment in fixed assets (net)
+€12.3m
Financing
-€5.2m
Debts after one year
-€5.1m
Current portion of long-term debt
+€59,496
Short-term financial debts
-€116,503
Cash 2025
€67,204
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,249,537 | €124,203,808 | +€12.0m | +10.6% |
| Fixed assets | 21/28 | €103,955,625 | €91,694,540 | -€12.3m | -11.8% |
| Financial fixed assets | 28 | €103,955,625 | €91,694,540 | -€12.3m | -11.8% |
| Current assets | 29/58 | €8,293,912 | €32,509,268 | +€24.2m | +292% |
| Amounts receivable within one year | 40/41 | €8,206,978 | €32,442,065 | +€24.2m | +295% |
| Other amounts receivable | 41 | €8,206,978 | €32,442,065 | +€24.2m | +295% |
| Cash at bank and in hand | 54/58 | €86,934 | €67,204 | -€19,730 | -22.7% |
| Total equity and liabilities | 10/49 | €112,249,537 | €124,203,808 | +€12.0m | +10.6% |
| Equity | 10/15 | €53,898,531 | €71,716,774 | +€17.8m | +33.1% |
| Contributions | 10/11 | €5,000,000 | €5,000,000 | = | 0.0% |
| Capital | 10 | €5,000,000 | €5,000,000 | = | 0.0% |
| Issued capital | 100 | €5,000,000 | €5,000,000 | = | 0.0% |
| Reserves | 13 | €48,898,531 | €66,716,774 | +€17.8m | +36.4% |
| Non-distributable reserves | 130/1 | €500,000 | €500,000 | = | 0.0% |
| Legal reserve | 130 | €500,000 | €500,000 | = | 0.0% |
| Distributable reserves | 133 | €48,398,531 | €66,216,774 | +€17.8m | +36.8% |
| Amounts payable | 17/49 | €58,351,006 | €52,487,034 | -€5.9m | -10.0% |
| Amounts payable after more than one year | 17 | €17,099,156 | €11,996,015 | -€5.1m | -29.8% |
| Financial debts | 170/4 | €17,099,156 | €11,996,015 | -€5.1m | -29.8% |
| Amounts payable within one year | 42/48 | €41,243,441 | €40,491,020 | -€752,421 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €5,043,645 | €5,103,141 | +€59,496 | +1.2% |
| Financial debts | 43 | €116,503 | - | -€116,503 | |
| Credit institutions | 430/8 | €116,503 | - | -€116,503 | |
| Taxes, remuneration and social security | 45 | €141,700 | €158,460 | +€16,760 | +11.8% |
| Taxes | 450/3 | €141,700 | €158,460 | +€16,760 | +11.8% |
| Other amounts payable | 47/48 | €35,941,593 | €35,229,418 | -€712,175 | -2.0% |
| Accrued charges and deferred income | 492/3 | €8,410 | - | -€8,410 | |
| Turnover | 70 | - | €4,153,500 | +€4.2m | |
| Goods, raw materials, services and sundry goods | 60/61 | €11,202 | €10,814 | -€388 | -3.5% |
| Other operating charges | 640/8 | €18,418 | €1,126,693 | +€1.1m | +6,018% |
| Gross operating margin | 9900 | -€11,202 | €4,142,686 | +€4.2m | |
| Operating profit (loss) | 9901 | -€29,620 | €3,015,993 | +€3.0m | |
| Financial income | 75/76B | €3,021,229 | €15,701,899 | +€12.7m | +420% |
| Recurring financial income | 75 | €3,021,229 | €15,701,899 | +€12.7m | +420% |
| Financial charges | 65/66B | €1,204,178 | €882,888 | -€321,290 | -26.7% |
| Recurring financial charges | 65 | €1,204,178 | €882,888 | -€321,290 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €1,787,432 | €17,835,003 | +€16.0m | +898% |
| Income taxes | 67/77 | €141,700 | €16,760 | -€124,940 | -88.2% |
| Profit (loss) for the period | 9904 | €1,645,732 | €17,818,243 | +€16.2m | +983% |
| Profit (loss) for the period to be appropriated | 9905 | €1,645,732 | €17,818,243 | +€16.2m | +983% |
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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 3 November 2026 via checked.be.