Stevirom: what changed
Stevirom
Largest movements
- Current investments -€200,000
down €200,000 (-44.4%), from €450,000 to €250,000
- Cash +€117,547
up €117,547 (+133%), from €88,632 to €206,179
mainly Current investments (+€200,000) and Net result for the year (+€39,263)
- Receivables within one year -€28,050
down €28,050 (-55.7%), from €50,323 to €22,273
of which Trade receivables: -€30,000
- Other debts -€150,006
down €150,006 (-81.7%), from €183,714 to €33,708
- Reserves +€39,263
up €39,263 (+10.1%), from €389,080 to €428,343
- Gross operating margin -€116,671
down €116,671 (-67.6%), from €172,572 to €55,901
- Financial income -€19,488
down €19,488 (-93.0%), from €20,951 to €1,463
- Taxes -€18,763
down €18,763 (-54.9%), from €34,157 to €15,394
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €596,303 | €482,429 | -€113,874 | -19.1% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €596,303 | €482,429 | -€113,874 | -19.1% |
| Amounts receivable within one year | 40/41 | €50,323 | €22,273 | -€28,050 | -55.7% |
| Trade receivables | 40 | €30,000 | €0 | -€30,000 | -100% |
| Other amounts receivable | 41 | €20,323 | €22,273 | +€1,950 | +9.6% |
| Current investments | 50/53 | €450,000 | €250,000 | -€200,000 | -44.4% |
| Cash at bank and in hand | 54/58 | €88,632 | €206,179 | +€117,547 | +133% |
| Deferred charges and accrued income | 490/1 | €7,348 | €3,977 | -€3,371 | -45.9% |
| Total equity and liabilities | 10/49 | €596,303 | €482,429 | -€113,874 | -19.1% |
| Equity | 10/15 | €407,680 | €446,943 | +€39,263 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €389,080 | €428,343 | +€39,263 | +10.1% |
| Distributable reserves | 133 | €389,080 | €428,343 | +€39,263 | +10.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €188,624 | €35,486 | -€153,138 | -81.2% |
| Amounts payable within one year | 42/48 | €188,624 | €35,381 | -€153,243 | -81.2% |
| Trade debts | 44 | €232 | €635 | +€403 | +173% |
| Suppliers | 440/4 | €232 | €635 | +€403 | +173% |
| Taxes, remuneration and social security | 45 | €4,678 | €1,039 | -€3,639 | -77.8% |
| Taxes | 450/3 | €1,143 | €1,039 | -€105 | -9.2% |
| Remuneration and social security | 454/9 | €3,534 | €0 | -€3,534 | -100% |
| Other amounts payable | 47/48 | €183,714 | €33,708 | -€150,006 | -81.7% |
| Accrued charges and deferred income | 492/3 | - | €105 | +€105 | |
| Non-recurring operating income | 76A | €63,318 | €0 | -€63,318 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €428 | €528 | +€100 | +23.4% |
| Gross operating margin | 9900 | €172,572 | €55,901 | -€116,671 | -67.6% |
| Operating profit (loss) | 9901 | €172,144 | €55,373 | -€116,771 | -67.8% |
| Financial income | 75/76B | €20,951 | €1,463 | -€19,488 | -93.0% |
| Recurring financial income | 75 | €20,951 | €1,463 | -€19,488 | -93.0% |
| Financial charges | 65/66B | €1,790 | €2,179 | +€389 | +21.7% |
| Recurring financial charges | 65 | €1,790 | €2,179 | +€389 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €191,305 | €54,657 | -€136,648 | -71.4% |
| Income taxes | 67/77 | €34,157 | €15,394 | -€18,763 | -54.9% |
| Profit (loss) for the period | 9904 | €157,148 | €39,263 | -€117,885 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €157,148 | €39,263 | -€117,885 | -75.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.