STEVLO: 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.
STEVLO
Largest movements
- Tangible fixed assets +€2,824
up €2,824 (+2.0%), from €143,835 to €146,659
of which Land and buildings: +€5,157
- Reserves +€1,888
up €1,888 (+11.0%), from €17,221 to €19,109
of which Distributable reserves: +€1,888
- Gross operating margin +€2,043
up €2,043 (+17.2%), from €11,846 to €13,888
- Taxes +€484
up €484 (+105%), from €461 to €945
- Depreciation +€428
up €428 (+7.3%), from €5,902 to €6,330
- Other operating charges +€140
up €140 (+3.1%), from €4,540 to €4,680
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 | €146,602 | €150,620 | +€4,018 | +2.7% |
| Fixed assets | 21/28 | €143,835 | €146,659 | +€2,824 | +2.0% |
| Tangible fixed assets | 22/27 | €143,835 | €146,659 | +€2,824 | +2.0% |
| Land and buildings | 22 | €133,413 | €138,571 | +€5,157 | +3.9% |
| Plant, machinery and equipment | 23 | €10,422 | €8,088 | -€2,333 | -22.4% |
| Current assets | 29/58 | €2,766 | €3,960 | +€1,194 | +43.2% |
| Amounts receivable within one year | 40/41 | €154 | - | -€154 | |
| Trade receivables | 40 | €154 | - | -€154 | |
| Cash at bank and in hand | 54/58 | €2,612 | €3,645 | +€1,033 | +39.6% |
| Deferred charges and accrued income | 490/1 | - | €315 | +€315 | |
| Total equity and liabilities | 10/49 | €146,602 | €150,620 | +€4,018 | +2.7% |
| Equity | 10/15 | €125,055 | €126,943 | +€1,888 | +1.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €89,242 | €89,242 | = | 0.0% |
| Reserves | 13 | €17,221 | €19,109 | +€1,888 | +11.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €15,362 | €17,250 | +€1,888 | +12.3% |
| Amounts payable | 17/49 | €21,547 | €23,677 | +€2,130 | +9.9% |
| Amounts payable within one year | 42/48 | €21,547 | €23,677 | +€2,130 | +9.9% |
| Trade debts | 44 | - | €1,185 | +€1,185 | |
| Suppliers | 440/4 | - | €1,185 | +€1,185 | |
| Taxes, remuneration and social security | 45 | €461 | €1,406 | +€945 | +205% |
| Taxes | 450/3 | €461 | €1,406 | +€945 | +205% |
| Other amounts payable | 47/48 | €21,086 | €21,086 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,902 | €6,330 | +€428 | +7.3% |
| Other operating charges | 640/8 | €4,540 | €4,680 | +€140 | +3.1% |
| Gross operating margin | 9900 | €11,846 | €13,888 | +€2,043 | +17.2% |
| Operating profit (loss) | 9901 | €1,404 | €2,878 | +€1,474 | +105% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €44 | €45 | +€1 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€1 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €1,361 | €2,833 | +€1,472 | +108% |
| Income taxes | 67/77 | €461 | €945 | +€484 | +105% |
| Profit (loss) for the period | 9904 | €900 | €1,888 | +€988 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €900 | €1,888 | +€988 | +110% |
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 13 October 2026 via checked.be.