STEVESCO: 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.
STEVESCO
Largest movements
- Tangible fixed assets -€21,282
down €21,282 (-36.3%), from €58,701 to €37,419
of which Furniture and vehicles: -€12,037
- Cash -€11,754
down €11,754 (-45.9%), from €25,603 to €13,849
mainly Debts after one year (-€49,003) and Other debts (-€11,708)
- Receivables within one year +€11,391
up €11,391 (+17.7%), from €64,463 to €75,854
of which Trade receivables: +€6,604
- Debts after one year -€49,003
down €49,003 (-32.2%), from €151,956 to €102,954
- Reserves +€34,797
up €34,797 (+28.3%), from €123,135 to €157,932
- Other debts -€11,708
down €11,708 (-57.7%), from €20,276 to €8,568
- Tax, wage and social debts +€6,063
up €6,063 (+54.0%), from €11,236 to €17,299
- Gross operating margin -€11,515
down €11,515 (-14.0%), from €82,000 to €70,485
- Financial income +€8,600
up €8,600 (+8826.6%), from €97 to €8,697
- Financial charges +€1,703
up €1,703 (+31.1%), from €5,471 to €7,174
- Taxes -€1,083
down €1,083 (-7.3%), from €14,802 to €13,719
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 | €372,274 | €350,464 | -€21,811 | -5.9% |
| Fixed assets | 21/28 | €58,701 | €37,419 | -€21,282 | -36.3% |
| Tangible fixed assets | 22/27 | €58,701 | €37,419 | -€21,282 | -36.3% |
| Plant, machinery and equipment | 23 | €1,105 | €684 | -€422 | -38.1% |
| Furniture and vehicles | 24 | €38,329 | €26,292 | -€12,037 | -31.4% |
| Leasing and similar rights | 25 | €19,267 | €10,443 | -€8,824 | -45.8% |
| Current assets | 29/58 | €313,573 | €313,045 | -€528 | -0.2% |
| Amounts receivable within one year | 40/41 | €64,463 | €75,854 | +€11,391 | +17.7% |
| Trade receivables | 40 | €64,463 | €71,067 | +€6,604 | +10.2% |
| Other amounts receivable | 41 | - | €4,787 | +€4,787 | |
| Current investments | 50/53 | €219,615 | €219,615 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,603 | €13,849 | -€11,754 | -45.9% |
| Deferred charges and accrued income | 490/1 | €3,893 | €3,727 | -€166 | -4.3% |
| Total equity and liabilities | 10/49 | €372,274 | €350,464 | -€21,811 | -5.9% |
| Equity | 10/15 | €135,535 | €170,332 | +€34,797 | +25.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €123,135 | €157,932 | +€34,797 | +28.3% |
| Distributable reserves | 133 | €123,135 | €157,932 | +€34,797 | +28.3% |
| Amounts payable | 17/49 | €236,739 | €180,132 | -€56,608 | -23.9% |
| Amounts payable after more than one year | 17 | €151,956 | €102,954 | -€49,003 | -32.2% |
| Financial debts | 170/4 | €151,956 | €102,954 | -€49,003 | -32.2% |
| Amounts payable within one year | 42/48 | €84,734 | €77,178 | -€7,556 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €48,592 | €49,003 | +€411 | +0.8% |
| Trade debts | 44 | €4,630 | €2,308 | -€2,322 | -50.1% |
| Suppliers | 440/4 | €4,630 | €2,308 | -€2,322 | -50.1% |
| Taxes, remuneration and social security | 45 | €11,236 | €17,299 | +€6,063 | +54.0% |
| Taxes | 450/3 | €11,236 | €17,299 | +€6,063 | +54.0% |
| Other amounts payable | 47/48 | €20,276 | €8,568 | -€11,708 | -57.7% |
| Accrued charges and deferred income | 492/3 | €49 | - | -€49 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,230 | €21,282 | +€52 | +0.2% |
| Other operating charges | 640/8 | €2,693 | €2,210 | -€483 | -17.9% |
| Gross operating margin | 9900 | €82,000 | €70,485 | -€11,515 | -14.0% |
| Operating profit (loss) | 9901 | €58,077 | €46,993 | -€11,085 | -19.1% |
| Financial income | 75/76B | €97 | €8,697 | +€8,600 | +8826.6% |
| Recurring financial income | 75 | €97 | €8,697 | +€8,600 | +8826.6% |
| Financial charges | 65/66B | €5,471 | €7,174 | +€1,703 | +31.1% |
| Recurring financial charges | 65 | €5,471 | €7,174 | +€1,703 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €52,704 | €48,516 | -€4,188 | -7.9% |
| Income taxes | 67/77 | €14,802 | €13,719 | -€1,083 | -7.3% |
| Profit (loss) for the period | 9904 | €37,901 | €34,797 | -€3,104 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,901 | €34,797 | -€3,104 | -8.2% |
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 10 October 2026 via checked.be.