Stevesyns Wilfried: 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.
Stevesyns Wilfried
Largest movements
- Cash -€85,580
down €85,580 (-14.8%), from €576,548 to €490,967
mainly Receivables within one year (-€52,656) and Investment in fixed assets (net) (-€49,198)
- Receivables within one year +€52,656
up €52,656 (+110%), from €48,068 to €100,724
of which Trade receivables: +€58,651
- Stocks and contracts -€38,000
down €38,000 (-42.7%), from €89,050 to €51,050
of which Contracts in progress: -€33,650
- Tangible fixed assets +€21,206
up €21,206 (+4.9%), from €431,126 to €452,332
of which Furniture and vehicles: +€42,943
- Reserves +€58,957
up €58,957 (+12.7%), from €462,477 to €521,434
of which Distributable reserves: +€58,957
- Other debts -€48,206
down €48,206 (-34.5%), from €139,771 to €91,565
- Trade debts -€29,951
down €29,951 (-49.0%), from €61,167 to €31,216
- Advances received -€16,488
down €16,488 (-43.5%), from €37,929 to €21,441
- Gross operating margin -€25,053
down €25,053 (-16.6%), from €151,331 to €126,278
- Depreciation +€2,872
up €2,872 (+11.4%), from €25,120 to €27,992
- Financial charges -€1,893
down €1,893 (-20.4%), from €9,281 to €7,388
- Taxes -€1,714
down €1,714 (-6.5%), from €26,372 to €24,658
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 | €1,144,792 | €1,095,074 | -€49,718 | -4.3% |
| Fixed assets | 21/28 | €431,126 | €452,332 | +€21,206 | +4.9% |
| Tangible fixed assets | 22/27 | €431,126 | €452,332 | +€21,206 | +4.9% |
| Land and buildings | 22 | €383,892 | €373,400 | -€10,492 | -2.7% |
| Plant, machinery and equipment | 23 | €38,433 | €27,188 | -€11,245 | -29.3% |
| Furniture and vehicles | 24 | €8,802 | €51,744 | +€42,943 | +488% |
| Current assets | 29/58 | €713,666 | €642,742 | -€70,924 | -9.9% |
| Stocks and contracts in progress | 3 | €89,050 | €51,050 | -€38,000 | -42.7% |
| Stocks | 30/36 | €37,700 | €33,350 | -€4,350 | -11.5% |
| Contracts in progress | 37 | €51,350 | €17,700 | -€33,650 | -65.5% |
| Amounts receivable within one year | 40/41 | €48,068 | €100,724 | +€52,656 | +110% |
| Trade receivables | 40 | €42,074 | €100,724 | +€58,651 | +139% |
| Other amounts receivable | 41 | €5,994 | - | -€5,994 | |
| Cash at bank and in hand | 54/58 | €576,548 | €490,967 | -€85,580 | -14.8% |
| Total equity and liabilities | 10/49 | €1,144,792 | €1,095,074 | -€49,718 | -4.3% |
| Equity | 10/15 | €835,077 | €894,034 | +€58,957 | +7.1% |
| Contributions | 10/11 | €372,600 | €372,600 | = | 0.0% |
| Capital | 10 | €372,600 | €372,600 | = | 0.0% |
| Issued capital | 100 | €372,600 | €372,600 | = | 0.0% |
| Reserves | 13 | €462,477 | €521,434 | +€58,957 | +12.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €460,617 | €519,574 | +€58,957 | +12.8% |
| Amounts payable | 17/49 | €309,715 | €201,040 | -€108,676 | -35.1% |
| Amounts payable after more than one year | 17 | €19,907 | €11,804 | -€8,104 | -40.7% |
| Financial debts | 170/4 | €19,907 | €11,804 | -€8,104 | -40.7% |
| Amounts payable within one year | 42/48 | €289,808 | €189,236 | -€100,572 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €7,920 | €8,104 | +€184 | +2.3% |
| Trade debts | 44 | €61,167 | €31,216 | -€29,951 | -49.0% |
| Suppliers | 440/4 | €61,167 | €31,216 | -€29,951 | -49.0% |
| Advances received on contracts in progress | 46 | €37,929 | €21,441 | -€16,488 | -43.5% |
| Taxes, remuneration and social security | 45 | €43,021 | €36,911 | -€6,110 | -14.2% |
| Taxes | 450/3 | €35,169 | €29,009 | -€6,160 | -17.5% |
| Remuneration and social security | 454/9 | €7,852 | €7,901 | +€50 | +0.6% |
| Other amounts payable | 47/48 | €139,771 | €91,565 | -€48,206 | -34.5% |
| Non-recurring operating income | 76A | - | €6,074 | +€6,074 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,120 | €27,992 | +€2,872 | +11.4% |
| Other operating charges | 640/8 | €4,855 | €4,984 | +€129 | +2.7% |
| Gross operating margin | 9900 | €151,331 | €126,278 | -€25,053 | -16.6% |
| Operating profit (loss) | 9901 | €121,355 | €93,302 | -€28,053 | -23.1% |
| Financial income | 75/76B | €494 | €701 | +€207 | +41.9% |
| Recurring financial income | 75 | €494 | €701 | +€207 | +41.9% |
| Financial charges | 65/66B | €9,281 | €7,388 | -€1,893 | -20.4% |
| Recurring financial charges | 65 | €9,281 | €7,388 | -€1,893 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €112,569 | €86,615 | -€25,954 | -23.1% |
| Income taxes | 67/77 | €26,372 | €24,658 | -€1,714 | -6.5% |
| Profit (loss) for the period | 9904 | €86,197 | €61,957 | -€24,239 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,197 | €61,957 | -€24,239 | -28.1% |
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 28 October 2026 via checked.be.