STEVIN CONSULT: 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.
STEVIN CONSULT
Largest movements
- Tangible fixed assets +€35,710
up €35,710 (+418.3%), from €8,537 to €44,247
- Receivables within one year -€32,146
down €32,146 (-76.3%), from €42,106 to €9,961
of which Other amounts receivable: -€21,436
- Cash +€15,725
up €15,725 (+323.6%), from €4,859 to €20,583
mainly Receivables within one year (+€32,146) and Net result for the year (+€22,720)
- Stocks and contracts +€1,418
up €1,418 (+95.3%), from €1,489 to €2,907
- Reserves +€22,720
up €22,720 (+449.9%), from €5,050 to €27,770
of which Distributable reserves: +€22,720
- Other debts -€1,445
down €1,445 (-16.2%), from €8,916 to €7,471
- Tax, wage and social debts -€1,108
no longer reported in 2025 (was €1,108)
- Gross operating margin +€40,291
up €40,291 (+521.7%), from €7,722 to €48,014
- Taxes +€11,097
up €11,097 (+891.6%), from €1,245 to €12,341
- Other operating charges +€9,426
up €9,426 (+1016.4%), from €927 to €10,354
- Write-downs -€8,194
new in 2025: -€8,194
- Depreciation +€7,891
up €7,891 (+287.5%), from €2,745 to €10,636
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 | €57,628 | €78,327 | +€20,699 | +35.9% |
| Fixed assets | 21/28 | €8,537 | €44,247 | +€35,710 | +418.3% |
| Tangible fixed assets | 22/27 | €8,537 | €44,247 | +€35,710 | +418.3% |
| Furniture and vehicles | 24 | €8,537 | €44,247 | +€35,710 | +418.3% |
| Current assets | 29/58 | €49,091 | €34,080 | -€15,011 | -30.6% |
| Stocks and contracts in progress | 3 | €1,489 | €2,907 | +€1,418 | +95.3% |
| Stocks | 30/36 | €1,489 | €2,907 | +€1,418 | +95.3% |
| Amounts receivable within one year | 40/41 | €42,106 | €9,961 | -€32,146 | -76.3% |
| Trade receivables | 40 | €17,027 | €6,317 | -€10,710 | -62.9% |
| Other amounts receivable | 41 | €25,079 | €3,643 | -€21,436 | -85.5% |
| Cash at bank and in hand | 54/58 | €4,859 | €20,583 | +€15,725 | +323.6% |
| Deferred charges and accrued income | 490/1 | €638 | €629 | -€9 | -1.3% |
| Total equity and liabilities | 10/49 | €57,628 | €78,327 | +€20,699 | +35.9% |
| Equity | 10/15 | €18,850 | €41,570 | +€22,720 | +120.5% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €5,050 | €27,770 | +€22,720 | +449.9% |
| Non-distributable reserves | 130/1 | €1,851 | €1,851 | = | 0.0% |
| Legal reserve | 130 | €1,851 | €1,851 | = | 0.0% |
| Distributable reserves | 133 | €3,199 | €25,919 | +€22,720 | +710.3% |
| Profit (loss) carried forward | 14 | -€48,700 | -€48,700 | +€0 | 0.0% |
| Amounts payable | 17/49 | €38,778 | €36,757 | -€2,021 | -5.2% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,683 | €11,273 | -€2,410 | -17.6% |
| Trade debts | 44 | €3,660 | €3,802 | +€142 | +3.9% |
| Suppliers | 440/4 | €3,660 | €3,802 | +€142 | +3.9% |
| Taxes, remuneration and social security | 45 | €1,108 | - | -€1,108 | |
| Taxes | 450/3 | €1,108 | - | -€1,108 | |
| Other amounts payable | 47/48 | €8,916 | €7,471 | -€1,445 | -16.2% |
| Accrued charges and deferred income | 492/3 | €95 | €484 | +€389 | +410.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,745 | €10,636 | +€7,891 | +287.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€8,194 | -€8,194 | |
| Other operating charges | 640/8 | €927 | €10,354 | +€9,426 | +1016.4% |
| Gross operating margin | 9900 | €7,722 | €48,014 | +€40,291 | +521.7% |
| Operating profit (loss) | 9901 | €4,050 | €35,219 | +€31,169 | +769.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €151 | €157 | +€6 | +4.3% |
| Recurring financial charges | 65 | €151 | €157 | +€6 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €3,900 | €35,062 | +€31,162 | +799.0% |
| Income taxes | 67/77 | €1,245 | €12,341 | +€11,097 | +891.6% |
| Profit (loss) for the period | 9904 | €2,655 | €22,720 | +€20,065 | +755.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,655 | €22,720 | +€20,065 | +755.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.