STEVI: 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.
STEVI
Largest movements
- Tangible fixed assets -€40,181
down €40,181 (-8.5%), from €470,262 to €430,081
of which Land and buildings: -€32,536
- Receivables within one year +€36,905
up €36,905 (+129.1%), from €28,591 to €65,496
of which Other amounts receivable: +€34,432
- Current investments -€32,450
down €32,450 (-8.4%), from €387,960 to €355,510
- Other debts -€20,652
down €20,652 (-30.1%), from €68,601 to €47,949
- Gross operating margin +€10,652
up €10,652 (+18.9%), from €56,387 to €67,039
- Financial charges -€4,074
down €4,074 (-37.1%), from €10,985 to €6,911
- Financial income -€2,696
down €2,696 (-43.9%), from €6,139 to €3,444
- Taxes -€712
down €712 (-38.9%), from €1,832 to €1,120
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 | €1,855,598 | €1,818,269 | -€37,329 | -2.0% |
| Fixed assets | 21/28 | €1,354,720 | €1,314,539 | -€40,181 | -3.0% |
| Tangible fixed assets | 22/27 | €470,262 | €430,081 | -€40,181 | -8.5% |
| Land and buildings | 22 | €440,043 | €407,507 | -€32,536 | -7.4% |
| Furniture and vehicles | 24 | €30,220 | €22,574 | -€7,645 | -25.3% |
| Financial fixed assets | 28 | €884,458 | €884,458 | = | 0.0% |
| Current assets | 29/58 | €500,878 | €503,730 | +€2,852 | +0.6% |
| Amounts receivable after more than one year | 29 | €46,550 | €47,016 | +€466 | +1.0% |
| Other amounts receivable | 291 | €46,550 | €47,016 | +€466 | +1.0% |
| Amounts receivable within one year | 40/41 | €28,591 | €65,496 | +€36,905 | +129.1% |
| Trade receivables | 40 | €23,006 | €25,479 | +€2,473 | +10.7% |
| Other amounts receivable | 41 | €5,585 | €40,017 | +€34,432 | +616.5% |
| Current investments | 50/53 | €387,960 | €355,510 | -€32,450 | -8.4% |
| Cash at bank and in hand | 54/58 | €32,005 | €24,428 | -€7,577 | -23.7% |
| Deferred charges and accrued income | 490/1 | €5,772 | €11,280 | +€5,508 | +95.4% |
| Total equity and liabilities | 10/49 | €1,855,598 | €1,818,269 | -€37,329 | -2.0% |
| Equity | 10/15 | €1,716,789 | €1,728,822 | +€12,034 | +0.7% |
| Contributions | 10/11 | €1,763,600 | €1,763,600 | = | 0.0% |
| Reserves | 13 | €4,230 | €4,230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,230 | €4,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,042 | -€39,008 | +€12,034 | +23.6% |
| Amounts payable | 17/49 | €138,810 | €89,447 | -€49,363 | -35.6% |
| Amounts payable after more than one year | 17 | €21,876 | €9,376 | -€12,500 | -57.1% |
| Financial debts | 170/4 | €21,876 | €9,376 | -€12,500 | -57.1% |
| Amounts payable within one year | 42/48 | €88,138 | €67,083 | -€21,055 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €12,500 | €12,500 | = | 0.0% |
| Trade debts | 44 | €2,982 | €1,865 | -€1,117 | -37.4% |
| Suppliers | 440/4 | €2,982 | €1,865 | -€1,117 | -37.4% |
| Taxes, remuneration and social security | 45 | €4,055 | €4,769 | +€714 | +17.6% |
| Taxes | 450/3 | €4,055 | €4,769 | +€714 | +17.6% |
| Other amounts payable | 47/48 | €68,601 | €47,949 | -€20,652 | -30.1% |
| Accrued charges and deferred income | 492/3 | €28,796 | €12,988 | -€15,808 | -54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,862 | €43,501 | +€639 | +1.5% |
| Other operating charges | 640/8 | €6,590 | €6,917 | +€327 | +5.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €56,387 | €67,039 | +€10,652 | +18.9% |
| Operating profit (loss) | 9901 | €6,935 | €16,621 | +€9,686 | +139.7% |
| Financial income | 75/76B | €6,139 | €3,444 | -€2,696 | -43.9% |
| Recurring financial income | 75 | €6,139 | €3,444 | -€2,696 | -43.9% |
| Financial charges | 65/66B | €10,985 | €6,911 | -€4,074 | -37.1% |
| Recurring financial charges | 65 | €10,985 | €6,911 | -€4,074 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €2,090 | €13,154 | +€11,064 | +529.4% |
| Income taxes | 67/77 | €1,832 | €1,120 | -€712 | -38.9% |
| Profit (loss) for the period | 9904 | €258 | €12,034 | +€11,776 | +4560.3% |
| Profit (loss) for the period to be appropriated | 9905 | €258 | €12,034 | +€11,776 | +4560.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.