STEVIALA: 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.
STEVIALA
Largest movements
- Stocks and contracts +€18,460
up €18,460 (+26.2%), from €70,457 to €88,917
- Cash +€11,485
up €11,485 (+7.5%), from €154,108 to €165,594
mainly Net result for the year (+€20,519) and Receivables within one year (+€9,574)
- Receivables within one year -€9,574
down €9,574 (-15.1%), from €63,320 to €53,747
of which Trade receivables: -€9,492
- Reserves +€20,519
up €20,519 (+7.5%), from €275,185 to €295,704
- Trade debts -€4,579
down €4,579 (-51.6%), from €8,873 to €4,293
- Write-downs +€14,319
no longer reported in 2025 (was -€14,319)
- Other operating charges -€14,076
down €14,076 (-91.0%), from €15,473 to €1,397
- Gross operating margin -€1,882
down €1,882 (-5.1%), from €36,821 to €34,939
- Financial income -€664
down €664 (-57.8%), from €1,147 to €484
- Financial charges -€575
down €575 (-35.8%), from €1,605 to €1,030
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 | €303,112 | €320,957 | +€17,844 | +5.9% |
| Fixed assets | 21/28 | €11,245 | €9,307 | -€1,938 | -17.2% |
| Intangible fixed assets | 21 | €7,465 | €5,527 | -€1,938 | -26.0% |
| Financial fixed assets | 28 | €3,780 | €3,780 | = | 0.0% |
| Current assets | 29/58 | €291,867 | €311,649 | +€19,782 | +6.8% |
| Stocks and contracts in progress | 3 | €70,457 | €88,917 | +€18,460 | +26.2% |
| Stocks | 30/36 | €70,457 | €88,917 | +€18,460 | +26.2% |
| Amounts receivable within one year | 40/41 | €63,320 | €53,747 | -€9,574 | -15.1% |
| Trade receivables | 40 | €47,493 | €38,001 | -€9,492 | -20.0% |
| Other amounts receivable | 41 | €15,827 | €15,745 | -€81 | -0.5% |
| Cash at bank and in hand | 54/58 | €154,108 | €165,594 | +€11,485 | +7.5% |
| Deferred charges and accrued income | 490/1 | €3,982 | €3,393 | -€589 | -14.8% |
| Total equity and liabilities | 10/49 | €303,112 | €320,957 | +€17,844 | +5.9% |
| Equity | 10/15 | €291,112 | €311,631 | +€20,519 | +7.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €275,185 | €295,704 | +€20,519 | +7.5% |
| Distributable reserves | 133 | €275,185 | €295,704 | +€20,519 | +7.5% |
| Profit (loss) carried forward | 14 | €14,927 | €14,927 | = | 0.0% |
| Amounts payable | 17/49 | €12,000 | €9,326 | -€2,674 | -22.3% |
| Amounts payable within one year | 42/48 | €12,000 | €9,326 | -€2,674 | -22.3% |
| Trade debts | 44 | €8,873 | €4,293 | -€4,579 | -51.6% |
| Suppliers | 440/4 | €8,873 | €4,293 | -€4,579 | -51.6% |
| Taxes, remuneration and social security | 45 | €2,712 | €4,342 | +€1,630 | +60.1% |
| Taxes | 450/3 | €2,712 | €4,342 | +€1,630 | +60.1% |
| Other amounts payable | 47/48 | €416 | €691 | +€275 | +66.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,938 | €1,938 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€14,319 | - | +€14,319 | |
| Other operating charges | 640/8 | €15,473 | €1,397 | -€14,076 | -91.0% |
| Gross operating margin | 9900 | €36,821 | €34,939 | -€1,882 | -5.1% |
| Operating profit (loss) | 9901 | €33,730 | €31,605 | -€2,125 | -6.3% |
| Financial income | 75/76B | €1,147 | €484 | -€664 | -57.8% |
| Recurring financial income | 75 | €1,147 | €484 | -€664 | -57.8% |
| Financial charges | 65/66B | €1,605 | €1,030 | -€575 | -35.8% |
| Recurring financial charges | 65 | €1,605 | €1,030 | -€575 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €33,272 | €31,059 | -€2,213 | -6.7% |
| Income taxes | 67/77 | €10,998 | €10,540 | -€458 | -4.2% |
| Profit (loss) for the period | 9904 | €22,274 | €20,519 | -€1,755 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,274 | €20,519 | -€1,755 | -7.9% |
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 18 October 2026 via checked.be.